According to Futures Magazine, United States corporations that have CEOs with military backgrounds outperformed all other organizations by over nine percent in 2015. Veterans are poised for success in financial careers because of their background as being leaders and having the capacity to make quick, effective decisions. With a proven track record of success, more and more companies are developing recruitment strategies to entice veterans into day trading careers.
Veteran Friendly Colleges
One way that more veterans can become involved in the stock market is to attend veteran-friendly colleges. The GI Bill was designed to cover tuition costs for active military and veterans and it is a benefit that should be used. Veteran-friendly colleges with degree programs in finance prepare individuals for trading careers while placing them in a supportive environment. Veterans-friendly colleges not only participate in initiatives to offer free educational opportunities, but also have networking events for veterans to meet with brokerage firms. Brokerage and investment firms typically only require a bachelor’s degree in a business major. Common stock market degrees include finance, economics, and accounting.
Job fairs are another way veterans are being recruited into day trading. Colleges, military non-profits, and other organizations put together job fairs that are only open to veterans. Brokerage firms recognize the important soft skills developed through service including good communication, project management experience, and the ability to handle high-pressure situations with a clear head. These skills coupled with technical aptitude make veteran candidates attractive to brokerage firms.
Online companies are developing programs that make it easier for veterans to start day trading. Some allow for reduced or commission-free trading and waives any inactivity fees that are typically imposed on non-veteran accounts. Some sponsor online trading academies specifically for veterans. The trading courses for veterans provide simulations to help individuals read charts and view real market data.
Veterans are more likely to support companies that have a good reputation in the military community. To increase how many veterans go into day trading, Military Times has introduced an exchange-traded fund that only includes companies that support veterans and their families. The fund also donates 10 percent of all management fees collected back to veteran charities. Veterans can check out companies listed on Best for Vets rankings to also determine their day trading stock choices.
Veterans interested in day trading can start small. TradeFW.com recommends learning basic stock terms and then figuring out how to formulate derivative strategies for investing. Derivative strategies involve speculating on how an asset will rise or fall on the market. TradeFW.com also helps make trading easier by providing a simple virtual trading platform that can be accessed across devices. Better access and improved rates through trading programs will draw in more veterans.