Hi I been wondering if I should get the study material for the series 7 since I think it is easier to get the 7 licencse than the 56. Any thoughts?
The 7 is a much harder test, and more detailed, than the 56. However, there are more opportunities for the 7, especially if you want to go work for a broker/dealer.
I have to think you are asking because you believe you have a prayer's chance of succeeding at trading, a profession which is the single most difficult profession in the history of mankind. Therefore, unless you are ignorant or delusional, someone with your cheek has the power, you are probably the kind of person that would utterly destroy any test thrown in your path. Take the Series 7, it's a harder test and will qualify you for more activities than the 56. Hell, take them both, nothing can stop you if you when you put your mind to it. The only downside I can see is the danger of our instinctive ape selves to be indoctrinated. Learning things is good. Ignorant people don't make money trading. Unlearning things is also good, doing what everybody does is a guarantee of failure, there's a reason why so many people that are more intelligent than you or I lose. I'm old, and I am losing focus. Go for it, make them give you both qualifications while you still young and care about such things. My two cents. Good luck, Brian
I wonder on which facts you based the statement above or were you just soliciting a reaction? S7 is not only the more difficult of the two tests but should you find that trading is not for you, you can do other things with it...