I am working or reputed software company. I want to do an MBA in two years time and make a career in trading. I wish to complete a course in finance or economics before that which would help me in my future studies. What are my options?
Trading on the stock exchange has become easier due to the online operations of the stock exchange in the country and the spread of the Internet. Also one can become an authorised sub-broker as rules have been relaxed by the SEBI.
There is no hard and fast rule which says that you should have an MBA degree to trade in stocks, shares, bonds and securities.
Today even educated housewives who are not able to take up regular jobs have mastered the art of trading and have achieved success and profits.But to believe that there are only profits and there will be no risks in trading is fanciful thinking. Beware that though there any number of books and theories that tell you how to play the stock market successfully and make millions, there are risks that you may not be aware and sudden turbulent conditions can make the market volatile.
If you want to become a full-time trader you will have to quit your present job. But before that you have to consider if you want to become an independent trader or work for an investment firm. Both options are good to make a successful career and both have equal advantages and risks.
Whatever the path you want to choose you need to understand the basics of the stock market to be able to get on with your job from day one. The stock market is also governed by many regulations stipulated by statutory bodies. You need to know them in order to be legally correct in your transactions and also safeguard your clients. There are many free courses on the Internet offered by trading and investment companies. The learner level courses will give you an insight into the basics of the working of the stock market and jargon required to carry on day-to-day work. Many of these learner level courses are free. But only if you finish the advanced level courses you will be able to get the real knowledge and understand the intricacies trading arena.
Whatever the course you choose, please evaluate it thoroughly before paying the stipulated fees. Also ascertain that the course is conducted by professionals who have experience in the relevant area.
SEBI' s International Programme on Securities Market Operations is a highly reputed course. The course will give you extensive knowledge in equity , stock markets, basket trading, derivatives, debt markets- retail, wholesale, interest rate futures, exchange traded funds, mutual funds and other primary market methods and procedures.
SEBI has established National Institute of Securities Markets (NISM) in Mumbai. It conducts several courses in currency derivatives, certificate examination for financial advisors.For details visit: www.bseindia.com/training/
For a course in economics or finance you should enroll for a either a bachelor or master's course in the concerned subject. You have not mentioned what is you basic qualification. If you have a B.A or B. Com degree it will be easier for you to enroll in to the master's course. Many universities prefer candidates with bachelor's degree in specified subject for enrollment to higher degrees.
But some universities allow candidates to take up PG level courses with any degree specialisation. So you need to check out the universities depending on your basic qualification.
To get a basic understanding of how a country's economic system works and how the financial system is regulated, you can go through the recommended books and syllabus for a reputed university's course in the concerned subject. This way you can save time and still be able to get the knowledge you want.
(Queries for this column can be sent to email@example.com)