Working in the futures and commodities market can be a very exciting career. NFA firms are looking for people with certain skills and many people need an edge to get into the right trading firm. Most Futures trading firms do not advertise on typical job sites.
Direct recruiting is usually the way companies look to bring in good people. However, if you learn what these firms are looking for and what to put on your resume (even if you are not experienced) can give you that edge you could use.
One of our best resources used to teach people what they need to know is:
The EBOOK "20 Tips for getting hired.....by a futures commission merchant (FCM) or introducing broker (IB)"
Only $27 and it can be downloaded immediately.
HOW TO GET HIRED EBOOK HERE
A career with a FCM or IB can change your life. Working for a firm in a 24/7 market and trade all over the world. Paid training and licensing is usually provided.
Licensing may include the:
SERIES 3 FUTURES AND COMMODITIES LICENSE
SERIES 31 FUTURES MANAGED FUNDS LICENSE
SERIES 34 FOREX TRADING
SERIES 30 FUTURES BRANCH MANAGER EXAM
All of the above can be taken without a sponsor firm. We advise to take some of these exams so they can appear on your resume and make you a more attractive job candidate.
For these courses, please visit American Investment Training - through the COURSES PAGE for methods including Online, Books and Software.
And don't forget the HOW TO GET HIRED EBOOK
Happy job hunting and to a great career in the futures market!
Sunday, January 31, 2016
NFA Futures Ethics Training - Ethics Basics
NFA Futures brokers and others may be required to take an Ethics training module for compliance.
Many traders and brokers use this as a reference.
Beginning the ethics course qualifies you for 6 logins to inside of which to finish the course. As you progress through the course, you can print out the materials. You will experience survey addresses intermittently. When they are addressed effectively, the course will propel you to the following area.
You won't be permitted to come back to a past segment once it has been finished; along these lines, all printouts ought to be made before noting the last audit question for every area. Endless supply of the course, you will have the capacity to print a Letter of Completion demonstrating your name, date of preparing and the course title, and the time spent online in this morals instructional class.
Topic Include:
BUY ETHICS BASICS or learn more...
Many traders and brokers use this as a reference.
Beginning the ethics course qualifies you for 6 logins to inside of which to finish the course. As you progress through the course, you can print out the materials. You will experience survey addresses intermittently. When they are addressed effectively, the course will propel you to the following area.
You won't be permitted to come back to a past segment once it has been finished; along these lines, all printouts ought to be made before noting the last audit question for every area. Endless supply of the course, you will have the capacity to print a Letter of Completion demonstrating your name, date of preparing and the course title, and the time spent online in this morals instructional class.
Topic Include:
- National Futures NFA Regulations
- Contract Markets
- Trading Ethics
- Integrity and Honesty
- Identifying Conflicts Of Interest
- Customer Evaluation and Recommendations
- Risk Disclosures
- Customer Account Trading Orders
- Principals and Manager Functions
BUY ETHICS BASICS or learn more...
Thursday, December 24, 2015
How To Become a Futures Broker or Trader
Learn to be a futures and commodities broker. Pass the Series 3 Exam with American Investment Training.
FAST HOME STUDY WITH BOOKS OR ONLINE
Preparing for the series 3 exam usually takes 6-8 weeks of 1-2 hours per day home study. The exam is a multiple choice test. The exam includes the following topics:
- Definitions and introductions to cash contracts, forward contracts
- Understanding strategies and calculating gain and loss
- Options, Futures and Hedging
- Calculating initial margin deposits and additional margin
- Trading floor procedures and understanding functions of traders and brokers
- NFA (National Futures Association) rules and regulations
- Reporting rules and customer accounts
You must answer 70% of the questions correct to pass the Series 3 exam. The test has 120 questions. There are no license pre-requisites before registering for this exam. Prior financial knowledge and experience is not required for you to pass the exam. There is some math, but it's not too difficult once you see how trading and calculating gains and losses are shown. Understanding how margin and commissions work is a key, as they are important factors in answering the question correctly.
The exam is given on computer administered by Pearson testing centers. There are hundreds of these test centers across the country. You must register for the exam through FINRA prior to taking the Series 3 test. The Series 3 can be taken at most centers 5 days a week. Meaning, once you are registered to take the exam, you can reserve any of the week you want.
90% First Time Pass Rate
Friday, October 23, 2015
Series 31 Overview - Topics covered for the Series 31
The Series 31 exam is the futures managed funds license created by the National Futures Association. It is a 45 question exam that includes true and false questions.
The topics covered include:
General Market Knowledge
NFA Regulations
CPO and CTA Regulations
CPO and CTA Disclosure Statements
Know your customer rules
Fees by CPO and CTA Persons
Sales Material
General Market Knowledge covers most of the exam but all of the topics need to be understood to pass the test.
Study time is under 1 month
No sponsor is required
Get your Series 31 license by studying our online course now.
FULL COURSE HERE
Only $57 with full support and start right away.
The topics covered include:
General Market Knowledge
NFA Regulations
CPO and CTA Regulations
CPO and CTA Disclosure Statements
Know your customer rules
Fees by CPO and CTA Persons
Sales Material
General Market Knowledge covers most of the exam but all of the topics need to be understood to pass the test.
Study time is under 1 month
No sponsor is required
Get your Series 31 license by studying our online course now.
FULL COURSE HERE
Only $57 with full support and start right away.
Monday, October 12, 2015
Types of Risk for Futures Traders
There are several types of Risk discussed on the Series 3 Exam and Futures License Tests
Transfer Risk
Liquidity Risk
Reduction Risk
Transfer Risk is the possibility of a loss when the position may require a transfer of securities or futures. Example would be Writing Calls or other contract where an obligation lies to another contract holder on the Buy Side.
Liquidity Risk is the Risk of how quickly a position can be turned into Cash - or how slowly. Liquidity is the Cash position the trader is in.
Risk Reduction can be achieved by reducing exposure through hedging a position against a loss or placing a stop order or other floor protection order.
NFA FUTURES LICENSE STUDY MATERIAL
Course material for all FINRA, NASAA and NFA Brokers and Principals.
Transfer Risk
Liquidity Risk
Reduction Risk
Transfer Risk is the possibility of a loss when the position may require a transfer of securities or futures. Example would be Writing Calls or other contract where an obligation lies to another contract holder on the Buy Side.
Liquidity Risk is the Risk of how quickly a position can be turned into Cash - or how slowly. Liquidity is the Cash position the trader is in.
Risk Reduction can be achieved by reducing exposure through hedging a position against a loss or placing a stop order or other floor protection order.
NFA FUTURES LICENSE STUDY MATERIAL
Course material for all FINRA, NASAA and NFA Brokers and Principals.
Wednesday, September 23, 2015
Series 3 No Sponsor Needed - Self Sponsorship for Exam
This was our latest newsletter for people looking to become futures and commodities brokers. You can sign up FREE on the right side bar of the blog for regular Broker News Updates.
Hello all to our FREE subscribers.
Since the age of day trading and investors of stocks using brokers less and less - on a transaction basis, traditional FINRA Series 7 brokers have found their incomes drop except those that work on FEES or % of assets managed vs transactions. Also the most successful brokers/advisers have a diversified business. Most Investors DO NOT understand or feel comfortable in the commodities - futures arena.
If you want to trade for WHALES! and actively, the market is in international commodities. Global Clients are waiting.
The License you need is the SERIES 3 - and this license does not require Sponsorship or Employment beforehand.
You can prepare and take this exam Mon-Sat on your own at hundreds of test centers in the U.S and International locations. Study Prep time is 1 month or less.
*** Futures and Commodities is rarely a "buy and hold" market. More Trading means More $ for you. ***
American Investment Training provides all students who begin the course with the registration form to take the exam whenever you are ready and the nearest test center locations to you. We also offer support during your study Prep. The Series 3 also looks great on a resume if you want to join a Futures and Commodities Firm. It's a BIG inter-market world out there. Learn to trade commodities and futures of all types. Gold, Silver, Oil and much more.
NO SPONSOR, JOB OR COMPANY AFFILIATION NEEDED TO SIT FOR THIS EXAM.
Study Prep can be online or Books and Software. Start Now and see. NO PRIOR KNOWLEDGE NEEDED. Also PERFECT for Self Traders who want to trade 24/7, if that is what you would like to do. WHY NOT LEARN WHAT BROKERS HAVE TO LEARN? Practical Strategies Included. Click below to view study options:
SERIES 3 BOOK AND CD COMBO for updated text manual and test generator CD.
MASTER the World Commodities and Futures Markets for More Commission and Action. Don't play Poker at 2:00am, Trade where exchanges are open and it's always open Somewhere!
Thank You,
American Investment Training
Hello all to our FREE subscribers.
Since the age of day trading and investors of stocks using brokers less and less - on a transaction basis, traditional FINRA Series 7 brokers have found their incomes drop except those that work on FEES or % of assets managed vs transactions. Also the most successful brokers/advisers have a diversified business. Most Investors DO NOT understand or feel comfortable in the commodities - futures arena.
If you want to trade for WHALES! and actively, the market is in international commodities. Global Clients are waiting.
The License you need is the SERIES 3 - and this license does not require Sponsorship or Employment beforehand.
You can prepare and take this exam Mon-Sat on your own at hundreds of test centers in the U.S and International locations. Study Prep time is 1 month or less.
*** Futures and Commodities is rarely a "buy and hold" market. More Trading means More $ for you. ***
American Investment Training provides all students who begin the course with the registration form to take the exam whenever you are ready and the nearest test center locations to you. We also offer support during your study Prep. The Series 3 also looks great on a resume if you want to join a Futures and Commodities Firm. It's a BIG inter-market world out there. Learn to trade commodities and futures of all types. Gold, Silver, Oil and much more.
NO SPONSOR, JOB OR COMPANY AFFILIATION NEEDED TO SIT FOR THIS EXAM.
Study Prep can be online or Books and Software. Start Now and see. NO PRIOR KNOWLEDGE NEEDED. Also PERFECT for Self Traders who want to trade 24/7, if that is what you would like to do. WHY NOT LEARN WHAT BROKERS HAVE TO LEARN? Practical Strategies Included. Click below to view study options:
SERIES 3 BOOK AND CD COMBO for updated text manual and test generator CD.
MASTER the World Commodities and Futures Markets for More Commission and Action. Don't play Poker at 2:00am, Trade where exchanges are open and it's always open Somewhere!
Thank You,
American Investment Training
Thursday, September 3, 2015
Option Contracts - In the money and Intrinsic Value
Option contracts for the Series 3 exam. This post will discuss option contracts that are either in or out of the money. The Series 3 Licensing test will ask questions on this topic. The Series 7 exam will as well
in, at or out of the money
Call Options
A call option is purchased when a trader or investor anticipates the futures price to rise during the life of the contract.
A call option gives the holder the right to purchase the commodity at a specific price regardless of the price in the market. That price is called the strike price. The contract will cost a premium.
"in the money"
when the futures price, whether it's Gold or other commodity is higher than the strike price of the call option, that difference is the in the money amount. "in the money" does not mean profit. It could, but the in the money term is the difference only between the futures price in the market and the strike price. If a high premium was paid that exceeds that difference, the call is still in the money. If the option is in the money, the option is said to have "intrinsic value". So, for a call
the futures price minus the strike price is the intrinsic value.
"out of the money"
This is the opposite of in the money. For calls - since the purpose is the hope that the market will rise above the strike price, when it does not or fall below the strike price that difference would be the out of the money amount. You can profit several ways from a market decline (shorting the commodity, shorting the call, buying put options), but if you are long (buyer) of call options, a profit will only be there if the market rises. As with the in the money example, the premium does not play a role with in, at or out of the money. There is no intrinsic value for out of the money contracts. Regardless of the negative number, the Intrinsic Value will be ZERO.
"at the money"
When the commodity is the same price as the strike price, the call (or put for that matter) is considered "at the money".
These concepts all play into the marketabililty of the contract during it's life. Meaning, an option can be exercised, allowed to expire or they can be sold - traded at the current market price of the option. The is the sell side (bid) premium. If the investor feels the call option has little shot to recover it's profit possibility, he or she may want to trade out of it before it expires. Most options will decline in price as the expiration date nears.
All of these terms are tested on the Series 3 Exam, Series 7 Test or any NFA FINRA Exam where Options are part of the exam outline.
Series 3 Book and CD Combo Course
Online Series 3 Training
in, at or out of the money
Call Options
A call option is purchased when a trader or investor anticipates the futures price to rise during the life of the contract.
A call option gives the holder the right to purchase the commodity at a specific price regardless of the price in the market. That price is called the strike price. The contract will cost a premium.
"in the money"
when the futures price, whether it's Gold or other commodity is higher than the strike price of the call option, that difference is the in the money amount. "in the money" does not mean profit. It could, but the in the money term is the difference only between the futures price in the market and the strike price. If a high premium was paid that exceeds that difference, the call is still in the money. If the option is in the money, the option is said to have "intrinsic value". So, for a call
the futures price minus the strike price is the intrinsic value.
"out of the money"
This is the opposite of in the money. For calls - since the purpose is the hope that the market will rise above the strike price, when it does not or fall below the strike price that difference would be the out of the money amount. You can profit several ways from a market decline (shorting the commodity, shorting the call, buying put options), but if you are long (buyer) of call options, a profit will only be there if the market rises. As with the in the money example, the premium does not play a role with in, at or out of the money. There is no intrinsic value for out of the money contracts. Regardless of the negative number, the Intrinsic Value will be ZERO.
"at the money"
When the commodity is the same price as the strike price, the call (or put for that matter) is considered "at the money".
These concepts all play into the marketabililty of the contract during it's life. Meaning, an option can be exercised, allowed to expire or they can be sold - traded at the current market price of the option. The is the sell side (bid) premium. If the investor feels the call option has little shot to recover it's profit possibility, he or she may want to trade out of it before it expires. Most options will decline in price as the expiration date nears.
All of these terms are tested on the Series 3 Exam, Series 7 Test or any NFA FINRA Exam where Options are part of the exam outline.
Series 3 Book and CD Combo Course
Online Series 3 Training
Subscribe to:
Posts (Atom)