Stock Trading and Other Things

Is person with "Series 7" certification best qualified to advise me in online trading?

I'm just embarking on my first attempts at online trading. A friend has volunteered to indoctrinate me in the best methods to use in investing and risk/reward management. Would this education give him the best tools for this job?

Public Comments

1. A series 7 certification is required if you want to be a stock broker in the U.S.

Since there are a whole range of stock brokers in the world, from stupid to brilliant, having a Series 7 certification does not necessarily mean they are a great stock broker.

However, you know your friend better than us, so you should be able to have a better idea of how skilled and knowledgeable he is.

Additionally, since he does have the certification, it is probably enough to give you some pointers and information about how the system works.

2. They would probably be better than some of those that accepting responses from unknowns here on YA

Yes any information received from a professional would be an acceptable educatonal resource.

Just remember, before you enter into any transaction, you should know what you are doing, why you are doing it and how to do it.

Good luck