Advice needed.
How did you get started?
I'd love to achieve a position as a currency trader for a hedge fund or bank.
If you manage other folks money how would you begin your hunt?
Thank you all.
Advice needed.
How did you get started?
I'd love to achieve a position as a currency trader for a hedge fund or bank.
If you manage other folks money how would you begin your hunt?
Thank you all.
Where are you based. Different countries have different regulations, as I am certain you know.
Second, it is not as fun as you think it is! :
US based - suppose beginning with series3
UK based - check out sii dot org dot uk
Hope that's of some use
I thought about all of the ex but I doubt they will improve my hit rate.
Nevertheless - I am Utilized to taking tests so I will look to a Series 3.
Thank you again.
I was more trying to get one to think about it for a moment more.Originally Posted by ;
It's not just ex'n material. Or it shouldn't be. IMHO
Regulation is a necessity, that's if you're serious.
And finally, I apologise, but what is a hit rate?
You Want a audited performance (The Monitor record I by an outside accountant)
Sorry.
My post could have come off a little harsh.
Hit Rate - how many times your system goes for profit.
My hit rate hovers around 70%.
S - 7 out of 10 trades is profitable.
So I hire an accountant and also have my brokerage firm forward account statements?
Then what?
Actually (Twist coming) one could see my site and see my movies where I reveal my trades.
Thanks.
Hit rate seems virtually meaningless except in the extremes (95-100%).Originally Posted by ;
I'm certain I can get a 90% strike rate if my target is 1 pip on majors and I have no stop losses, but it is not going to get me a job anyplace.
I also doubt anybody will be a trader for a firm without licensing and regiion.
But what do I know... I'm not a trader for somebody else's firm therefore take it for what it is worth.
Hit Rate is quite crucial in determining a systems worth.
It's just one variable . however, it's crucial.
This is off subject but if you have not read Van Tharp's book perhaps you should.
Second - I have a close friend that's a very successful stock trader and not one license other than his drivers license.