IYO should we have to pass the 7 to be able to get 20:1?

I am getting ready to take it myself, I found a good book:

"Pass The 7" by Robert Walker


Firstbooks.com also has audio / and pdf based products that you can purchase and download, and they have been useful so far.

They all avoid the BS and jargon with concrete, useful examples.

I don't think its a bad thing now that I have the right resource to prepare for it.
 
Quote from ProgrammerGuy:

Do you think that it's fair that they make us pass this damn test in order to get 20:1 leverage or more?

Opinions?
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I am in the middle of this and its the biggest unnecessary piece of crap i have ever seen...

They should have a Prop Test or something for those moving in that direction and not in the direction of a true broker dealer...

The Series 7 for traders who are never going to have broker clients is ridiculous.

Major major bucks... for FINRA...
 
Quote from ProgrammerGuy:

Do you think that it's fair that they make us pass this damn test in order to get 20:1 leverage or more?

Opinions?
More...

I personally think the test is a waste of time, however, keep in mind you are trading OPM to get higher than 4:1 retail intraday BP.

Study and take it, it is not like passing the BAR exam!

el surdo
 
As long as you have it hung at a FINRA BD, all you do is take continuing education. You better get the study guide now!

el surdo needs a drink
 
Quote from psytrade:

I am getting ready to take it myself, I found a good book:

"Pass The 7" by Robert Walker


Firstbooks.com also has audio / and pdf based products that you can purchase and download, and they have been useful so far.

They all avoid the BS and jargon with concrete, useful examples.

I don't think its a bad thing now that I have the right resource to prepare for it.
More...


Put more info on that book. Is it worh it..


I like practicing been averaging higher

post more info on study techninques
 
Quote from ProgrammerGuy:

i'm currently studying a guide 2 years old... it still has the NASD stuff, has much changed that would make it a must to buy a new one?
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I have a 1995 STC book, wanna borrow it?
 
Quote from ProgrammerGuy:

don't you have to pass this again every 2 years?
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No, after 2 years you take a test you "can't" fail as continuing ed. They just keep asking the same question until you get them right. Then 3 years. I have to do mine in a few weeks...not a big deal... as with all these darn tests.


Don
 
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