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How do I become a bond trader?

Andrew Lokenauth
Finance Executive
Andrew Lokenauth is a Finance Executive who has over 15 years of experience working on Wall St. and in Tech & Start-ups. Andrew helps management teams translate their financials into actionable business decisions. He has held positions at Goldman Sachs, Citi, and JPMorgan Asset Management. He is the founder of Fluent in Finance, a firm that provides resources to help others learn to build wealth, understand the importance of investing, create a healthy budget, strategize debt pay-off, develop a retirement roadmap, and create a personalized investing plan. His insights have been quoted in Forbes, TIME, Business Insider, Nasdaq, Yahoo Finance, BankRate, and U.S. News. Andrew has a Bachelor of Business Administration Degree (BBA), Accounting and Finance from Pace University.

Andrew Lokenauth

Finance Executive

Expert Answer

One of the most basic requirements is graduating with a degree in Finance, as all of the classes within the program will educate you about bonds. It also helps to get an internship with a bank during college so you can get familiar with the job.

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Question

How is it possible to become profitable trader?

Andrew Lokenauth
Finance Executive
Andrew Lokenauth is a Finance Executive who has over 15 years of experience working on Wall St. and in Tech & Start-ups. Andrew helps management teams translate their financials into actionable business decisions. He has held positions at Goldman Sachs, Citi, and JPMorgan Asset Management. He is the founder of Fluent in Finance, a firm that provides resources to help others learn to build wealth, understand the importance of investing, create a healthy budget, strategize debt pay-off, develop a retirement roadmap, and create a personalized investing plan. His insights have been quoted in Forbes, TIME, Business Insider, Nasdaq, Yahoo Finance, BankRate, and U.S. News. Andrew has a Bachelor of Business Administration Degree (BBA), Accounting and Finance from Pace University.

Andrew Lokenauth

Finance Executive

Expert Answer

Familiarize yourself with the different types of trading, like long-term trading, day trading, and algorithmic trading. Also, get familiar with the different types of assets, such as large cap stocks, penny stocks, index funds, and gold. Learning everything you can is the first step—you can do this through either self-education or with a Finance degree.

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Question

What equipment is needed to trade options at home?

Jay Ogden

Community Answer

To trade options from home, you need an account with a broker who supports option trader and has a platform to provide information need for options trading. TD Ameritrade offers Thinkorswim as a platform; it's free and you can open an account with no money to paper trade for free. Do this for one year before putting real money at risk. You also need a computer with enough space and speed. Check your computer our at thinkorswim.com .

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Question

Do I need an app to do trading currency?

Community Answer

You don't NEED an app to do trading currency, however it would be easier if you did have one.

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