traders all you need to know? you can only get it for free here at my store I am selling it elsewhere.
Thanks again, John Clarke aka the killer deal guy.
info about the e-book below much more inside.
Determine which type of trader you would like to become. There are a variety of different types of traders which you can become, so spend some time thinking about what role and job description fits your skills and interests most. Most traders will work for a company, buying and selling shares, bonds and assets for investors. Flow traders work for banks, buying and selling for the bank’s clients. Proprietary traders buy and sell on behalf of the bank itself.
Recognize the skills you need. Trading is a very demanding job that requires a particular skill set, as well as the ability to learn new things quickly and adapt to a constantly changing environment. Before you think about getting the official qualifications and certifications you will need, consider the general skills that a trader must demonstrate.
Learn about the world of trading. Spend some time researching and learning about trading, how markets work, and what the daily working life of a trader involves before you commit to a course of education and training. A trader’s day will involve analyzing the market and providing detailed market reports to clients or colleagues.
Get a good degree. It is not necessarily essential to have a degree to become a trader, but the competition to work for a major financial institution is considerable. Without a high-quality degree from a prestigious university, you will have a difficult time getting a foot in the door. It may in some instances be possible to enter through an administrative position, make some contacts, and work your way up to a trading position. In theory, you do not need a degree in a specific subject, but the following areas are those most highly valued:
Look for internship opportunities. While you are studying you can help yourself get ahead by actively seeking out internships or summer placements. A placement will give you valuable experience of the realities of daily working life as a trader, but it will also help you to develop contacts who may then help you get your first graduate position.
Become a graduate trainee. Once you have achieved a good degree in a relevant subject, the first step is usually to get a position as a graduate trainee at a bank or investment company. These are highly competitive, so you will need a very strong academic record as well as a real enthusiasm and commitment to working as a trader. Employers will be looking for candidates who have excellent numeracy and quantitative analytical skills.
Try to network. The competition is fierce, and often employers will have a large number of excellent candidates for a small number of positions. In this situation, networking and personal recommendations can be highly beneficial, and help you stand out from the crowd. Talk to your university and try to identify people who are working in the industry who are happy to be contacted by fellow alumni.
Pursue further qualifications and certifications. Once you have got yourself onto a graduate trainee scheme, you will still be required to continue your education. You will need a licence before you are actually able to buy and sell on the markets. The requirements for this will depend on where in the world you are. In the US, you must obtain a Financial Industry Regulatory Authority (FINRA) licence. In the UK, you must become an approved person by the Financial Conduct Authority (FCA).
Move your way up the ladder. Most often, your first two years in a position will be considered your traineeship. This is when you will get a certification, and help out around the office, learning the ropes on a variety of tasks. You need to work very hard, be patient, and always look for opportunities to develop your knowledge, skills and experience. After two years of satisfactory performance, you may be moved up to the next level and become a trader or analyst.
Recognize the risks. You can become an independent day trader, trading with your own or a client’s money. If you are thinking of doing this, ensure that you are not committing money that you cannot afford to lose. It is estimated that around 90% of day traders lose money, so you shouldn’t be thinking of trading as a way to make a quick buck to get out of a job you hate.
Practice with paper trading. Before you commit your own or somebody else’s money to the market, spend some time carrying out theoretical paper trades. This gives you an opportunity to experiment and learn about markets before using actual capital. There are some good electronic tools out there to help with paper trading, where instead of actually making a trade, the beginner just postulates a trade and tracks the result.
Pass the certification exam. You cannot become a proprietary trader in the US until you have passed the Series 57 Exam. This is a replacement for the Series 56 Exam that comes into place in January 2016. You may have completed some day trading courses, or even have a degree in a relevant subject, but if you have not passed the exam you are not a licensed trader.
Acquire sufficient capital. If you are making a go of trading, you will need significant capital to get you going. No traders constantly turn a profit, so there will be inevitable losses that you need to be able to cope with. The amount of capital you need will depend entirely on the type of trading you want to do, and how much trading you want to do.
Create a strategy. Before you commit any money it’s vital that you spend time coming up with at least two different trading strategies that you can then apply. You should never rush into a market, but have a well-worked out plan that you can implement. This should include information on how you will enter and exit the market, what kind of capital you will invest, the frequency of trades and the value of the trades.
Set up your office. In order to start trading, you'll need access to the stock market. Unless you already work for a bank or other institution as an employed trader, you'll need to start by making an agreement with a broker or brokerage firm. If you plan to make fewer trades opt for a per trade plan with a broker, but if you will make a lot of trades discuss a staggered plan.