Trading is a long and a short story.
The College Trader 683 replies
College Grad Looking to Make as a Trader 61 replies
Forex Without a Job (College/Uni Student) 35 replies
Education help? Major and College Qs 5 replies
Quoting DarkstarDislikedPersonally I don't think any of your choices are going to make the slightest difference whether you'll be successful as a trader or not. PHD economists can't predict with any certainty what is going to happen in the financial markets and finance majors are more concerned with how to structure loans then they are with the direction of the yen. The degrees may be helpful in getting you in the door, but once your there it is a matter of personal fortitude and psychological makeup.
If you want to be a trader then trade. Pull 40 or 50% returns for the next 4 years and there isn't a bank on earth that won't hire you to trade, education or not. Unfortunately that is a lot easier said then done, so make sure you have a good degree with ample opportunities to fall back on.Ignored
Quoting irishdancekingDislikedIt's getting in the door that I'm worried about, once I'm in I think I'll be fine.
What would you suggest for getting in the door?Ignored
Quoting irishdancekingDislikedReally, I read that FX traders( if that is what you are talking about)get paid a lot.
Thanks much for the link, it it much appreciated.Ignored
Quoting DarkstarDislikedThey do ($300-500k) but if your good it's peanuts in comparison to what you can make trading your own account. Plus they make you move to a specific location, work a 60+ hour week, fuss with paperwork, and deal with people. It's just more trouble then its worth.
If I wanted that kind of aggrivation I would start a hedge fund.
Don't get me wrong brother, I'm not telling you to avoid an education. You certainly should take the opportunity if you have it. Just don't make all your future decisions based on the expectation of trading OPM. If you want to be a trader, do it on the side while your going to school for some other career. Wost case scenario, if your trading skills are found lacking (which is a VERY high probability) you can get a nice, well paying job.Ignored
Quoting moutekitraderDislikedWonder how long it will be until there is a major available in college for forex traders.Ignored
Quoting DarkstarDislikedPlus they make you move to a specific location, work a 60+ hour week, fuss with paperwork, and deal with people. It's just more trouble then its worth.Ignored
Quoting stockwetDisliked2. Another job in the finance industry - Yes, you need to have a finance degree. Unless you're planning on getting a master's or doctorate in Economics, don't plan on landing a killer job in the financial services field with just a BA or BS in economics.Ignored
Quoting irishdancekingDislikedWhat does psychology have to do with the Forex?Ignored