| Latest Forum Topics / Others |
 Post Reply
|
|
Any advise for being a security trader
|
|||||
|
niuyear
Supreme |
26-Sep-2009 18:39
|
||||
|
x 0
x 0 Alert Admin |
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!
|
||||
| Useful To Me Not Useful To Me | |||||
|
des_khor
Supreme |
25-Sep-2009 22:58
Yells: "Tell me who is the God or MFT from this forum??" |
||||
|
x 0
x 0 Alert Admin |
No way, you must back up by a brokage firm.
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
aircraft
Veteran |
25-Sep-2009 20:38
|
||||
|
x 0
x 0 Alert Admin |
We can dun join any brokerage firm and act as our own remiser ?
|
||||
| Useful To Me Not Useful To Me | |||||
|
alexmay
Veteran |
22-Sep-2009 14:09
|
||||
|
x 0
x 0 Alert Admin |
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. |
||||
| Useful To Me Not Useful To Me | |||||
|
soulcries
Senior |
22-Sep-2009 13:58
|
||||
|
x 0
x 0 Alert Admin |
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?
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
soulcries
Senior |
22-Sep-2009 13:53
|
||||
|
x 0
x 0 Alert Admin |
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.
|
||||
| Useful To Me Not Useful To Me | |||||
|
adrianong
Member |
22-Sep-2009 13:22
|
||||
|
x 0
x 0 Alert Admin |
Really ? $50K is too high ! Anyway, get the certificate first before choosing the security firm ya !
|
||||
| Useful To Me Not Useful To Me | |||||
|
beckleong
Member |
22-Sep-2009 13:20
|
||||
|
x 0
x 0 Alert Admin |
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 | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
adrianong
Member |
22-Sep-2009 13:06
|
||||
|
x 0
x 0 Alert Admin |
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...
|
||||
| Useful To Me Not Useful To Me | |||||
|
des_khor
Supreme |
22-Sep-2009 12:38
Yells: "Tell me who is the God or MFT from this forum??" |
||||
|
x 0
x 0 Alert Admin |
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.... |
||||
| Useful To Me Not Useful To Me | |||||
|
tanzq83
Member |
22-Sep-2009 12:26
|
||||
|
x 0
x 0 Alert Admin |
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.
|
||||
| Useful To Me Not Useful To Me | |||||
|
adrianong
Member |
22-Sep-2009 12:17
|
||||
|
x 0
x 0 Alert Admin |
Noted with thanks ! I will go for the Module 1A and Module 6 courses then...
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
keepnosecrets
Master |
22-Sep-2009 12:14
|
||||
|
x 1
x 0 Alert Admin |
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?
|
||||
| Useful To Me Not Useful To Me | |||||
|
des_khor
Supreme |
22-Sep-2009 12:11
Yells: "Tell me who is the God or MFT from this forum??" |
||||
|
x 0
x 0 Alert Admin |
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 |
||||
| Useful To Me Not Useful To Me | |||||
|
adrianong
Member |
22-Sep-2009 12:05
|
||||
|
x 0
x 0 Alert Admin |
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 !
|
||||
| Useful To Me Not Useful To Me | |||||
|
keepnosecrets
Master |
22-Sep-2009 11:58
|
||||
|
x 0
x 0 Alert Admin |
Is it you want to be a trader in stocks under employment or isit on your own?
|
||||
| Useful To Me Not Useful To Me | |||||
|
frosin
Member |
22-Sep-2009 11:56
|
||||
|
x 0
x 0 Alert Admin |
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" |
||||
| Useful To Me Not Useful To Me | |||||
|
adrianong
Member |
22-Sep-2009 11:53
|
||||
|
x 0
x 0 Alert Admin |
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 |
||||
| Useful To Me Not Useful To Me | |||||