What Skills Do I Need to Become a Stockbroker?

Stockbrokers buy and sell stocks according to orders placed by clients. Many manage stock portfolios on behalf of these clients, making recommendations on stocks to buy and making suggestions on when it is time to sell. Although no specific education is required, most have a college degree. All stockbrokers must be licensed.

Analysis Skills

Stockbrokers must be able to analyze large amounts of complex statistical information along with company fundamentals. This requires strong math skills, an excellent business sense and strong familiarity with economics.

Technical Skills

Understanding all the technicalities of buying and selling stocks is essential. Stockbrokers must understand stop orders, limit orders, margin accounts, shorting and much more.

Licensing

Obtaining a license is required for all stockbrokers in the United States. This involves successful completion of the General Securities Registered Representative Examination Series 7, and any additional exams required by individual states.

Research Skills

Stockbrokers need excellent research and problem-solving skills, and the ability to calculate risks and forecast trends. They need to be very proficient with using the Internet.

Communication Skills

Dealing with many customers is a large part of a stockbroker's day, so the job requires excellent communication skills, self-confidence and a courteous, positive attitude.