Money Managers - Looking for Currency Trading Positions
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Thread: Money Managers - Looking for Currency Trading Positions

  1. #1
    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.

  2. #2
    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

  3. #3
    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.

  4. #4
    Quote Originally Posted by ;
    I thought about all the ex but I doubt they will improve my hit rate.

    Nevertheless - I am Utilized to taking tests so I'll look to a Series 3.

    Thank you again.
    I was more trying to get one to think about it for a moment more.
    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?

  5. #5
    You Want a audited performance (The Monitor record I by an outside accountant)

  6. #6
    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.

  7. #7
    What kind of ex can you do in Belgium, EU?

  8. #8
    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.

  9. #9
    Quote Originally Posted by ;
    Sorry.

    My post could have come off a little harsh.

    Strike Rate - how many times your system proceeds for profit.

    My hit rate hovers around 70%.

    So - 7 out of 10 trades is profitable.
    Hit rate seems virtually meaningless except in the extremes (95-100%).

    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.

  10. #10
    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.

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