How can I become a stock trader right after high school?

I'm really interested in becoming a stock trader. I'm in high school, and I'm looking for advice on how to start this career path. What skills and qualifications do I need to break into this field?

Embarking on a career in stock trading right after high school is certainly achievable, but it does require both knowledge and initial experience. Here are some steps to guide you on this path:

First, learn as much as you can about the stock market and trading. Read books, watch videos, follow financial news, and use online resources like Investopedia and Yahoo Finance to familiarize yourself with different investment strategies and financial terminologies.

To practice, you can use stock market simulators or demo trading accounts offered by platforms like TD Ameritrade or E-Trade. This gives you a feel for the real trading environment without risking your actual money.

Next, consider taking courses related to finance, economics, and business either online or at a community college. Even though a four-year degree is not necessary, having a background will help you understand the concepts better and gain a competitive edge.

Getting a job in a financial services firm or a brokerage house in any position could be a beneficial move. Doing so can give you a foot in the door, and allow you to observe and learn from experienced professionals in the field.

To trade professionally for a company, you will need to pass the Financial Industry Regulatory Authority (FINRA) Series 7 and Series 63 examinations. These require sponsorship from a FINRA member firm or a self-regulatory organization, so securing a job in a financial services firm can lead to this sponsorship.

Lastly, develop necessary qualities for success in trading such as analytical skills, quick decision-making, and emotional discipline. Remember, trading can be high-risk, and understanding the psychological aspect is crucial in managing stress and reacting effectively under pressure.

Keep in mind that becoming a stock trader is not a guaranteed path to wealth, it involves high risk and requires both time investment and emotional resilience. Start small, learn as much as you can, and be prepared for both ups and downs in your trading journey.