How to Start a Stock Market Business

Do a little study. You need to understand the business from a beginner's point of view. Look for books, publications etc meant for starters. The Internet is a big source from where you can start. Understand the market, the business and related terminologies. Sail from easy to hard topics.
Decide on the amount of investment. Stock market is a volatile one. There are profits vs. losses, risks vs. opportunities. In this backdrop you must be able to do the appropriate apportionment of the savings into stock investment.
Decide on the type of investment. Basing on the local or national market, understand whether you want to invest in shares, mutual funds, commodities or other types of stocks.
Choose a broker for you. There are hundreds of broker houses and all of them don't perform in the same way and give you the same benefits. Talk to agents of different brokers and make a comparative analysis before choosing one. Things like commission rate, margins etc. will be helpful in choosing a broker.
Open an account with the chosen broker. This will be needed for ordering buying/selling of stocks. Submit all the necessary documents required to open the account. Keep money receipt, copy of account opening form and any other contractual papers in safe custody.
Deposit your apportioned cash to the broker account and obtain a money receipt/acknowledgement. Opt for an online transaction system if available.
Analyze the market for some days. Read enough news, follow the market trends and talk to your closest friends and relatives before you place your first buy order.
Start buying and selling of chosen stocks. Keep your buy/sell orders noted and confirm them after the orders are executed. Maintain an online/offline portfolio of all your stocks. As a starter, remember the golden rule of 'buying at low, selling at high'.
Keep a close observation on your stocks in your portfolio. Constantly monitor company information like performance, newer ventures, AGM/EGM, dividends etc. Make a habit of watching/reading financial TV programs, news, online articles, websites etc.

How to Become a Stock Broker in Texas

Register with the Financial Industry Regulatory Authority (FINRA) online to begin the process of becoming a stock broker. When registering with FINRA you fill out a form detailing your past work history, education, residential status and other important information. FINRA is the licensing board that administers the Series 7 or stock broker exam.
Pass a background check. Get finger printed at the local police precinct. If you have a criminal history you can’t become a stock broker.
Study for the General Securities Registered Representative Examination also known as the Series 7 exam. Read books, take online courses, listen to CDs, watch videos or attend classes to learn about the financial services industry.
Locate an authorized testing center. According to the FINRA website a prospective stock broker can take the exam “at either the Pearson Professional Centers or the Prometric Testing Centers.” Use their respective websites to find locations in Texas closest to you. Schedule a day to take the Series 7 exam.
Take and pass the Series 7 exam. This exam tests your knowledge of the financial industry, various investments, the stock market, buying or selling investments and ethics for stock brokers. The exam consists of 250 multiple choice questions. Because the exam is computerized you get your score immediately. Passing this exam helps you to get a a license to work as a stock broker in Texas.



Study for Uniform Securities Agents State Law Examination also known as the Series 63 exam. Texas is one of many states that requires this exam in addition to the Series 7.
Schedule an appointment with Pearson or Prometric to take the Series 63 exam.
Take and pass the Series 63 exam. The computerized exam consists of 60 multiple choice questions. By passing both the Series 7 and 63 exams you get a license to become a stock broker in Texas.
Start the job hunting process. Look for jobs with full service and discount stock brokerage companies, financial advisory firms, commercial banks and other financial companies in Texas.