Traders! I need a FX Career, please help - Page 2
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Thread: Traders! I need a FX Career, please help

  1. #11
    Hey seawinde,

    I have done finance modules in a London university and am in a lucky position to understand people who work for hedge funds and major banks. I asked something like your question. Responses will attempt to summarise. .

    1. Get'some' eduion no need to overdo it, fundamental economics, mathematics, trading principles, (no need to go overboard with paying for pricey courses)

    2. Practice, practice, exercise, lots of display time

    3. Write, talk to firms, When you've established a track record. Tell them what you need... if your any good they will provide you a chance. .


    Personally I have found trading for one self a whole lot more challenging and fulfilling. I talk to individuals who work for funds/banks and they're under pressure from their own masters. Work your butt off finding your personal style/method of trading you will never answer to a'master' again. Not that I am their yet!!

    RS

  2. #12
    Quote Originally Posted by ;
    Composing and writing sentences like you are at least half way smart would also enable a lot. Otherwise you come off looking like a moron and no one would park cash.

  3. #13

  4. #14
    Quote Originally Posted by ;
    well, mr Ronald, I am sorry for the delay in reply, yes I will probably be my boss in the future, but I should get some experience by means of a job, which can give me exposure and link. Exposure to the trading platform how can they operate, trading platform, large position sizing, at least thats what I believe, I am trying for Series 3, then I can enroll as a CTA/CPO
    Can I suggest using a high paying job within the industry might be a bit optimistic with your qualifiions, or even a trainee programme with a major institution.

    But if you would like exposure to the situations you say, you might try to get accepted to the training programme of a prop trading company with an fx desk. If you pick the right company (and get accepted!) You may find out some practical things.

  5. #15
    Hello,

    it depends what do you want, if it is prop fx trading it usually means that nowhere they will hire you unless you've got strong track record using reasonable wr, rrr, max drawdown etc...

    if you would like to be fx market manufacturer in bank, you don't need track record(it is not about prop trading however on market view and common sense, you are usually not picking if to enter or not, somebody calls and you have to quote:--RRB- ) but usually you need to have a lot of expertise in instituton (as a trader), be lucky, get it via some intern programme(more ussually you'll receive sales or any not important trading positon) or have very good connections. At all fantastic eduion is quite important - I am analyzing financial maths that I can recommend for such situation, and with 4 decades of fx trading at age 20 I have such task (been lucky too ) now operating for a year already, but I expect I will move to London to a major bank's spot desk in five decades.

    Mike.

  6. #16
    Quote Originally Posted by ;
    Can I suggest a top paying job within the industry may be a bit optimistic with your qualifiions, or possibly a trainee programme with a major institution.

    But if you would like exposure to the situations you mention, you could try to get admitted into the training programme of a prop trading company with an fx desk. If you pick the right company (and get approved!) You will find out some useful things.
    I am trying to proceed with the last, worst case scenario is really a practice with no paycheck in a bank's working area, I am starting to study for series 3, then will input CMT degree 1 at november

  7. #17
    Quote Originally Posted by ;
    Hi,

    it depends what exactly do you want, if it is prop fx trading it usually means that nowhere they are likely to employ you unless you have strong track record with reasonable wr, rrr, max drawdown and so on...

    if you want to be fx market maker in bank, you do not need track record(it is not absolutely about prop trading but on market view and common sense, you are usually not choosing if to input or not, someone calls and you need to quote:--RRB- ) but usually you have to have a lot of expertise in instituton (as a trader), be lucky, get it through some intern...
    Thank you mike, it a little bit early for me to become a propriety FX trader, but I believe a bank is all I need to go for, I am attempting to pass my CV and utilizing some relations to get a practice in one of the top3 here in Egypt.

    Where r un analyzing fin maths?

  8. #18
    Quote Originally Posted by ;
    thanks mike , it a bit early for me to be a propriety FX trader, but I believe a bank is all I need to go for, I am attempting to maneuver my CV and using some connections to get a training at one of the top3 here in Egypt.

    Where r un analyzing fin maths?
    Hi,

    Comenius college in Bratislava, Faculty of maths, physics and informatics

    mike

  9. #19
    Quote Originally Posted by ;
    Hello traders,...
    All you need to do is reveal consistent returns month on month with a rather low
    Adverse trip ratio or draw-down each trade, then people will run to you to get their funds invested. Problem is people like that do exist.

    Your net profit is not so significant, anything over 15% annually will be good. Earning 500 wouldn't be sustainable in the future and merely indie a account making a gambling profit.

    One scam by way of example is where a trader opens hundreds of accounts and just shows us his winning account. An individual would need to investigate a trader with this fraud, to avoid it.

    Alpari New Zealand/Russia simply allows a trader ONE account to prevent such misrepresentation. All the other brokers in comparison enables a trader many accounts so they could churn through as many fools as you can cash.

  10. #20
    Quote Originally Posted by ;
    All you need to do is show consistent returns month on month with a very low
    Adverse excursion ratio or draw-down each trade, then people will run to you personally to have their funds spent. Problem is people like this don't really exist.

    Your net profit is not that significant, anything above 15 percent annually would be good. Earning 500 wouldn't be sustainable in the long run and merely indie a random account building a profit.

    One scam by way of instance is where a trader opens hundreds of accounts and just shows us his winning...
    Hi StephanusR,

    ussually it is done in way that you're demonstrating your ability with monitor record and after that if you're applied you firstly trade demo account in coping room for a month or so, so that they can be sure you are not a scammer and after that you're starting with very tiny ammounts - in my experience hf manager where I've been on interview told me sth like this and also the start of trading would be just 1 contract on eu futures - it's equivalent of just 125k usd without leverage traded over the place

    Mike.

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