I dont think it is wise idea for a trader to do a job for others........We do trading because we want it to be independent of ogranization....
ONLY WE TRADER SEE THIS AS PROFIT POINT OF VIEW. SO WHATEVER WE LEARN FROM THIS WE WILL TRY TO APPLY IN TRADING. BUT NOT ALL ARE BUSINESSMAN. MOST DONT HAVE BRAIN TO USE THE AVAILABLE KNOWLEDGE ON THEIR OWN . SUCH TYPE OF PEOPLE ARE ALWAYS IN THE JOB FOR OTHERS AND BEST SUITED THERE. THERE ARE MANY FINANCE TYPE JOBS ARE THERE LIKE BROKING , BANKING , INVESTMENT PLANNING AND GOES ON . NCFM IS COMPULSORY IN SUCH JOBS . SEE QUOTE FROM NSE WEBSITE
"Why NCFM?
The financial markets are going to be the turf of certified professionals very soon due to regulatory compulsions and/or initiatives of the industry. By imparting comprehensive knowledge and skill in the chosen field, NCFM enhances career opportunities for NCFM certified persons.
Some of these modules have regulatory sanctity. For example,
* It has been specified by SEBI that all brokers/dealers and sales persons in the derivatives market have to mandatorily obtain certification. Derivatives Market (Dealers) Module of the NCFM has been recognised by SEBI for the purpose.
* In order to improve the level of knowledge of market participants, only persons who have passed Capital Market (Dealers) Module of the NCFM are authorised to use the trading system of the National Stock Exchange.
* The National Securities Depository Limited has similarly prescribed that all the branches of the depository participants must have at least one person who has qualified the NCFM module on Depository Operations.
* SEBI recommends Surveillance Module for the officers working in surveillance departments of stock exchanges.
* SEBI has made it mandatory for all mutual funds to appoint agents/distributors who have obtained certification in AMFI - Mutual Funds Modules. The existing and new employees of mutual funds, particularly those who are involved in sales and marketing, are encouraged to pass the certification in AMFI - Mutual Funds Modules."