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You are mixing reality with fiction and unfortunately you don't know the difference
Reality - stock brokers DO NOT need a masters degree, in fact do not need any advanced degrees,
To start your own brokerage firm you need about $500,000, although it could be done with only $250,000.
Reality - yes some one can make millions in the market and there are many that do, but to be successful you must know what you're doing, why you're doing it, how to do it and know the rules that govern what you're doing.
Fiction - the movies make everything so easy, they don;t discuss starting capital, they don't discuss the clearance of trading, and they never discuss what it takes to do a trade.
If you follow the events in the movies you'll never make money but if you follow reality you can make millions.
You have to learn what reality really is and ignore the fiction of the movies
Pump & Dumps are illegal, even though they still commonly occur in penny stock trading.
The legal route to pumping and dumping, is new cryptocurrencys. Everyday a few are pumped and dumped. If you decide to invest in these markets, be careful as the markets change drastically, and while you may be enjoying short gains, if the price gets dumped on you, your not going to be to happy.
Just remember to never invest money you can't afford to lose
First of all, don't compare fictional movies with reality. In order to make money in the stock market, you have to invest money. If you don't have much money, you're not going to be able to make millions overnight. You can do it over time. Making money fast requires taking higher risks. Those risks could break you if they don't pan out. It's better to invest wisely and safely in order to make money gradually over time.
Hi, I want to know how to make millions as a full time stockbroker? I mean I saw movies like Pursuit of happyness where the guy starts from the bottom and becomes a multi millionair by creatnig his own company, and The Wolf of Wallstreet where Jordan Belfort makes money by the "pump and dump" strategy, which, I know is illegal. But both these events were set in the 80s and 90s so my question, when the stockmarket wasn't as reguated as it is today. So, is it still doable today to make that much success? I know stockbrokers must at least have a Masters degree in finance and pass the series 63 and series 7 exams, but is this job worth if I want to become a millionair? Thank you.
