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Any advise for being a security trader

My suggestion :

If Trading is your passion and you are not afraid of hardship, then -

Write in to those Brokerage firms (may be 3 or 4 firms) and introduce yourself to them. Your passion could probably earn you a full time employment with a reputable brokerage firm and probably they will send you for training course FREE?  Or, they offer on-the-job training while you are taking the course?   No harm trying. 

Hope your dream come thru!

adrianong      ( Date: 22-Sep-2009 11:53) Posted: Hi.. I would like to explore a security trader position. Anyone can advise how should I do it ? I was offered by Achieva Training centre to enrol the Module 1A and Module 6 courses. Should I go for it ? Adrian / adrianongsg@yahoo.com.sg / 96171006

 

No way, you must back up by a brokage firm.

aircraft      ( Date: 25-Sep-2009 20:38) Posted: We can dun join any brokerage firm and act as our own remiser ? keepnosecrets      ( Date: 22-Sep-2009 11:58) Posted: Is it you want to be a trader in stocks under employment or isit on your own?

 

We can dun join any brokerage firm and act as our own remiser ?

keepnosecrets      ( Date: 22-Sep-2009 11:58) Posted: Is it you want to be a trader in stocks under employment or isit on your own? adrianong      ( Date: 22-Sep-2009 11:53) Posted: Hi.. I would like to explore a security trader position. Anyone can advise how should I do it ? I was offered by Achieva Training centre to enrol the Module 1A and Module 6 courses. Should I go for it ? Adrian / adrianongsg@yahoo.com.sg / 96171006

 

Talk to Lim and Tan I saw the advert. that they are recruiting. They may have in house cse. Or some other arrangements. Better to have your module 1a and module 6, first. Enrol for the test collect the books from MAS book a date online for the test. Talk to someone that has the sample test papers. You can do Mod1 quite easily.

Bottom line all the houses are "crocodile" Check out the deals first before you sign anything. Min. quotas etc etc etc.


 

 

http://www.act.com.sg/programmes-cmfas.html

okay now i understand y u say got course...

dun ever attend such course,welly knn so ex 890.

just take paper can liao and btw do u do any trade,trading on online by yrself and know some settlement issue?

adrianong      ( Date: 22-Sep-2009 11:53) Posted: Hi.. I would like to explore a security trader position. Anyone can advise how should I do it ? I was offered by Achieva Training centre to enrol the Module 1A and Module 6 courses. Should I go for it ? Adrian / adrianongsg@yahoo.com.sg / 96171006

 

there is no module 1a and 6 course,it is the test of rules and regulation

enrol then take test liao,no course de.

30k min to be remisiers,i guess many house is like that.

adrianong      ( Date: 22-Sep-2009 12:17) Posted: Noted with thanks ! I will go for the Module 1A and Module 6 courses then... keepnosecrets      ( Date: 22-Sep-2009 12:14) Posted: Actually I am not in a position to advise you on your career, but I know once you complete and pass the modules, you can qualify to apply a remisier position.  It will depend on the brokerage firm whether they are keen on taking you. I believe you need someone to introduce you to the firm. Why not check with the SGX

 

Really ? $50K is too high ! Anyway, get the certificate first before choosing the security firm ya !

beckleong      ( Date: 22-Sep-2009 13:20) Posted: For Phillips security, the deposit is 50K if i am not wrong...  And you still need to pay few k to attend the internal trading lessons

 

For Phillips security, the deposit is 50K if i am not wrong...  And you still need to pay few k to attend the internal trading lessons

 

Hi Des , Tanzq83 and others...thank you very much for taking time to give me your advise.

I got degree but was in Industrial Engineering BA leh..  I am kinda sick in IT Industrial after 10 years in the line...

Comparing with Insurance and property agent, I am still prefer as a broker agent leh...

 

des_khor      ( Date: 22-Sep-2009 12:38) Posted: Trading Representativewill bear 100% trading dispute from his client and need at least SGD30,000 as deposit. Base as above I personally feel that not worth to take a risk as current coms also very low like 40/60 the most 50/50 ? unless you are very lucky like Peter Lim get the BB clients....

 

Trading Representativewill bear 100% trading dispute from his client and need at least SGD30,000 as deposit.

Base as above I personally feel that not worth to take a risk as current coms also very low like 40/60 the most 50/50 ? unless you are very lucky like Peter Lim get the BB clients....

 

i dont think you can do private trading in Singapore, right? I checked it out the other time, CMFAS needs a financial institution to back you up at the latter stage. You can only get it if you are engaged to a financial institution. For starters, those non-financial education background, Module 1a and 6 are the essentials if you just want to do equities tradings. Module 7 as well if you are to handle other things such as funds or portfolio thingy (i think). A friend of mine recommendeded me to take CFA course instead (if you have a degree), so perhaps that's another option which you may want to consider. 2-cents worth.

keepnosecrets      ( Date: 22-Sep-2009 11:58) Posted: Is it you want to be a trader in stocks under employment or isit on your own? adrianong      ( Date: 22-Sep-2009 11:53) Posted: Hi.. I would like to explore a security trader position. Anyone can advise how should I do it ? I was offered by Achieva Training centre to enrol the Module 1A and Module 6 courses. Should I go for it ? Adrian / adrianongsg@yahoo.com.sg / 96171006

 

Noted with thanks !

I will go for the Module 1A and Module 6 courses then...

keepnosecrets      ( Date: 22-Sep-2009 12:14) Posted: Actually I am not in a position to advise you on your career, but I know once you complete and pass the modules, you can qualify to apply a remisier position.  It will depend on the brokerage firm whether they are keen on taking you. I believe you need someone to introduce you to the firm. Why not check with the SGX? adrianong      ( Date: 22-Sep-2009 12:05) Posted: Under employment... and also cum my own trading.. I have been using DMG for the past few years.. but my broker is not responding my email... U have any advise how should I go for it ? Thanks in advance

 

Actually I am not in a position to advise you on your career, but I know once you complete and pass the modules, you can qualify to apply a remisier position.  It will depend on the brokerage firm whether they are keen on taking you. I believe you need someone to introduce you to the firm. Why not check with the SGX?

adrianong      ( Date: 22-Sep-2009 12:05) Posted: Under employment... and also cum my own trading.. I have been using DMG for the past few years.. but my broker is not responding my email... U have any advise how should I go for it ? Thanks in advance ! keepnosecrets      ( Date: 22-Sep-2009 11:58) Posted: Is it you want to be a trader in stocks under employment or isit on your own?

 

http://www.mas.gov.sg/legislation_guidelines/securities_futures/sub_legislation/SFA_Notices.html

 

http://www.mas.gov.sg/legislation_guidelines/securities_futures/sub_legislation/SFA_FAQs.html

 

Under employment... and also cum my own trading.. I have been using DMG for the past few years.. but my broker is not responding my email... U have any advise how should I go for it ? Thanks in advance !

keepnosecrets      ( Date: 22-Sep-2009 11:58) Posted: Is it you want to be a trader in stocks under employment or isit on your own? adrianong      ( Date: 22-Sep-2009 11:53) Posted: Hi.. I would like to explore a security trader position. Anyone can advise how should I do it ? I was offered by Achieva Training centre to enrol the Module 1A and Module 6 courses. Should I go for it ? Adrian / adrianongsg@yahoo.com.sg / 96171006

 

Is it you want to be a trader in stocks under employment or isit on your own?

adrianong      ( Date: 22-Sep-2009 11:53) Posted: Hi.. I would like to explore a security trader position. Anyone can advise how should I do it ? I was offered by Achieva Training centre to enrol the Module 1A and Module 6 courses. Should I go for it ? Adrian / adrianongsg@yahoo.com.sg / 96171006

 

Have you ever been interested  in the market? Do you do technical or fundamental trading? Trader's lifestyle is tough despite there is money for some. Others might just be sad stories.

Most of the CMFAS modules are sponsored by major banking and securities institutions. You can take them if there is no "strings"

 

Hi.. I would like to explore a security trader position. Anyone can advise how should I do it ?

I was offered by Achieva Training centre to enrol the Module 1A and Module 6 courses. Should I go for it ?

Adrian / adrianongsg@yahoo.com.sg / 96171006