To be an A/S stockbroker for the SAIS, you must have at least three years of professional experience in the financial markets industry. In addition, the candidate must pass a series of tests on taxes and financial legislation, portfolio management, and other topics.
Is it legal to trade stocks in South Africa?
South African traders can legally trade and invest in foreign exchange, stocks, ETFs, derivatives, CFDs, and a variety of other instruments.
What are the requirements for becoming a stock market trader?
- exceptional verbal communication abilities
- knowledge of mathematics
- analytical thinking abilities
- economics and accounting knowledge
- the ability to make decisions and use your judgment
- Customer service abilities
- the ability to act on your own initiative
- perseverance and tenacity
How long does it take to learn how to trade stocks?
An aspiring day trader may need more than 1-5 years to learn to day trade on average, but this varies greatly from person to person. In fact, some people may never acquire the necessary skills to be profitable.
How do I become a trader if I don’t have a degree?
It may surprise you, but no formal education is required for stock traders and brokers. However, most companies prefer to hire traders who have a Master of Business Administration (MBA) or a Bachelor’s degree in finance or business, as well as a stock broker’s license.
