How can I become a broker of discount futures?
In order to become a discount futures broker, he has to pass the 3 series, register with the National Futures Association (NFA) and secure a position with the Futures agency. An alternative to gaining a position with the agency is the establishment of your own intermediary trade. Several brokerage agencies acquire candidates for sponsorship. The sponsored candidate temporarily provides a position with the agency, but is obliged to go through all testing and license requirements. The website on the Internet Work Council and Local Newspapers and Business Magazines can contain advertisements for brokerage positions. In the work advertising, it may state that the agency is willing to train and hire candidates who have successfully completed the series of series 3 in the specified period of time.
Browsing the national commodity commodity test or series of series 3 is a requirement to become a discount futures. The test applies to market rules and regulations involved in trading in commodities and futures. DIt is recommended to preparation for the exam. The test preparation materials are available through various suppliers if you decide to obtain test certification without sponsorship.
If you want to register for the 3 series test, contact the Tax Industry Regulatory Office (Finra). On most of the weekdays, they have a test from multiple places. The test consists of 120 questions with more withdrawals and completion takes approximately two and a half hours. To go through, a score of at least 70 percent should be obtained.
As soon as you have passed the series 3, the next step to become a broker of discount futures is NFA registration. This registration should be completed as “Associated Person
After registration with NFA you have a choice of your own company or get a position with an established agency. If you have received sponsorship from the agency before completing the exam and registration, you have finished inThe shoes needed steps. The company that sponsor you can have additional requirements and training you will need to complete.
If you did not receive sponsorship before passing the exam, you will need to search for a job to become a discount futures intermediary. A good place to start is professional organizations, career services, agencies for placement, newspapers and online classification. As a candidate who has already provided licensing and registration of series 3, you can have the advantage over other applications who don't.