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Top 5 qualifications needed to become a successful stock trader

CFAStock trading is an interesting thing to do. It is as interesting as a game which yields monetary return. Hence the motivation of lucrative benefits is also there. To become a successful stock trader, it is required to learn some technical aspects of stock trading in accordance with the theories and regulations. This can only be learnt through formal education related to the underlying field. Stock trading is not of a single dimension phenomenon rather it has many dimensions and applications in several fields. For instance you will be required to learn some dimensions of business, course of economic activities, social and communal practices of a region, and industrial practices as well. No doubt, along with the educational qualifications, stock trading requires higher degree of interest and real time practice. It is required to keep an eye on the market operations to understand the course of trading activity. If you do not follow the practical scenario, it will be harder to operationally implement the classroom learning. Following is a list of educational qualifications which may be helpful for you to pursue a successful career in stock trading:
1. Chartered Financial Analyst (CFA)
It is a prestigious qualification which has broad application in the field of finance. The designation allows an individual to grab professional expertise in the related areas. It is purely a professional designation. A CFA will have professional competencies in several areas such as investment and portfolio management, securities’ evaluation, and professional management accounting etc. There are three frameworks comprising of knowledge area, skills area, and application area.
2. Master’s in Business Administration (MBA) in Finance
MBA Finance degree has become much common in the past decade. There are too many professionals working in this field. But all of them are not stock traders. The basic reason behind this is the interest and preferences of an individual. This degree can aid you to understand the basic concepts about business, economy, and working of the stock market.
3. Master’s of Science (MSC) in Portfolio Management
This is the most relevant degree. Duration of this varies from institute to institute and from region to region. At some place, it has been offered as two years degree whereas some institutes (usually in England) offer this a one year degree. In this qualification, an individual is specifically trained to indulge in the stock market and trading activities.
4. Master’s of Science (MSC) in Finance
Like MBA finance, it is a financial management degree with a focus on investment as well. The basic difference between MBA finance and MSC finance is the range of subject knowledge spotlight. MBA is quite general degree whereas MSC finance respectively covers all the aspects of financial decision making.
5. Short Courses
Many institutes offer short courses ranging from 4 weeks to 18 weeks in order to specifically understand the stock market’s operations. These courses are specific about region based investments. Because of time constraint, the focus is only what actually was described in the course content.

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About Emaad Qureshi