Top 5 Skills for Finance students
In this pandemic, when we all are required to stay at home to keep ourselves as well as others safe, it might have become challenging for few to cope up with this situation.
We can stay productive in these times by acquiring new skills. Now is the best time to "Invest in Yourself". You can't afford to be the same person you were before.
If you are on the path of becoming a finance professional, you must have heard of the stock market. But is it enough to only hear about it?
People have some basic expectations from any finance professional in general and Chartered Accountants in particular.
Learning about the stock market is important to be able to successfully trade and invest in it.
The stock market has developed simultaneously over the last few years. This has enabled multiple people to learn about the stock market and invest in it by getting the right kind of knowledge.
Certification courses are a beneficial way to build our base of knowledge about the markets. In this article, we will discuss some stock market certificate courses offered by NSE, which can help you create a learning path in the stock market.
1. Learning about the basics of the Stock Market:
A learning journey should begin with the basics, and this goes for the stock market as well. As a beginner, you should aim to build a strong foundation for every aspect of the stock market.
Taking a certification course on the basics can help you cover essential points like:
1. The capital market structure;
2. Fundamental Analysis;
3. Technical Analysis;
4. Mutual Funds; and
5. Equity Investing, etc.
If you are new to the stock market, and you would like to invest in your financial goals on your own, this step is necessary.
Many people might already be aware of certain aspects of the market but are now looking to build a full-time career in the market.
For them, a course in the fundamentals is a great start to their journey.
Learn the basics of the stock market with NSE Certified Capital Market Professional Course by Market Experts
This course is an all-rounder when it comes to the basics of the financial markets. It also provides beneficial practical training and guidance through the mentors of the course.
Now, after picking up the basics, it is time to study and research the stock market. There are two methods to do this – technical and fundamental analysis. We can learn about each of these with certificate courses.
2. Technical Analysis Certification Courses:
Technical analysis is the study of historical data to forecast future price movements and make profitable trades. If you are looking to trade to achieve your financial goals, learning about the basics of technical analysis is a prerequisite.
However, its advanced practices are essential for anyone who wants to build their career as a full-time trader.
Some of the things you will learn include:
1. Theories of technical analysis;
2. Candlestick patterns;
3. Indicators and oscillators; and
4. Using popular trading strategies, etc.
A certificate course can help students learn about these advanced tools and indicators with exposure to strategies as well. It should also provide theoretical and practical knowledge to ace technical analysis.
With hands-on practical training and guidance, students can learn to trade with their own strategies.
3. Certification Courses in Fundamental Analysis:
For those who want to take up the path of investing, fundamental analysis is a useful skill.
Studying fundamental analysis can help students grasp the factors that can affect the long-term growth of investments.
In turn, they can make the most sensible and informed decisions to grow their portfolio.
For this, a course can help students learn about the practical applications of the results derived from fundamental analysis tools.
It can help you learn useful skills like:
1. Basics of equity analysis;
2. Industry analysis;
3. Evaluation of business models;
4. Corporate governance; and
5. Evaluation of management, etc.
Become successful investment decision-maker Certification in Equity Research Analysis Course by Market Experts
4. Learning about Options Trading:
The equity segment of the stock market is where most beginners might participate.
However, with growth in knowledge and experience, investors and traders can shift to newer segments of the stock market.
One of these segments is the derivatives market. Derivatives are instruments which derive their value from an underlying security.
Options are the most popular derivatives, but they’re also very risky. Due to their risks, it’s best if an aspirant builds a strong theoretical knowledge base to help them achieve success practically.
Some of the things you will need to learn here include:
1. Options terminologies;
2. Open interest;
3. Popular options trading strategies; and
4. Options Greeks, etc.
This knowledge-base can be built with a certificate course, and one of these is NSE’s Certification in Options Strategies.
With the theory taught in this course, beginners can get the right kind of knowledge to create their own options strategies as well.
5. Learning about the Currency and Commodity Markets:
Other newer segments of the market with high risks are the currency and commodity markets. Forex trading is now very popular due to its easy accessibility. Modern science has advanced pretty much and it allows the retail traders to trade the online currency market from their home.
To trade in these markets successfully, students have to pick up newer knowledge about these segments which include:
1. Analyses related to trading in these segments;
2. Types of derivatives involved;
3. Building trading models; and
4. Macroeconomic factors involved, etc.
Therefore, picking up a course for them is a great way to capitalize on the opportunities of these markets with minimal losses.
One such course is NSE’s Certification in Currencies and Commodities.
It will help students build a framework to interpret market movements that can benefit their trades in these segments.
Thus, we can conclude that the valuable and recognized certifications, and knowledge about the useful applications of skills, make these courses are very beneficial to all aspiring traders and investors.
With the plethora of information they provide, one can use stock market certification courses to satisfy any objective – whether it is learning about goal-based investment, or building a career in the stock market.
In the words of a billionaire, "If you think twice before investing in yourself, how will you ever afford to buy a car?"
The bottom line is that ignorance is costlier than the cost of education. To achieve success in this fast-moving world, we need to keep ourselves updated with the need of the hour.