Hello Baby Pips Community,
I am going into the finance industry (investment banking / eventually hedge fund, or this is the route I am thinking about doing). Maybe instead of the entry analyst role maybe a trading role would be better in sense it gives me experience etc. Would doing this help me be a better forex trader in the long term when forex trading becomes my full time job instead?
Thank You.
Most likely since forex is just MONEY
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My guess is “yes,” if you have the right qualifications to apply for such a position. But they’re usually very different from those normally needed for “entry analyst” positions, as you must know?
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Not normally, @ria_rose . Graduate trainees on trading floors are not usually expected to have any trading experience at all: they “just” need a Master’s degree in a mathematical subject and a top-level first degree in math from a top-level university, to get as far as being possibly considered for an interview. At a higher than “graduate trainee” level, it’s different, but then they typically need top references from a known financial institution where they trained.
“Personal”/“retail” trading history doesn’t get anyone an interview to be a trader in an investment bank nowadays: those days are long gone.
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They mostly want to train people “their way” (and they all think “their way” is the best way, lol!) and if anything, many of them prefer highly mathematical people with no experience at all, because they’ll never have to “unlearn” anything and “can’t possibly have any bad habits”.
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Find a role that allows you to expand your global macro fundamentals understanding. A hedge fund wouldn’t hurt either, if you can get in the door!
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If you will consider fores only for making money then it will be difficult to survive in the market, always learn properly all trading techniques and then enter in the market.
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Transitioning into a trading role can provide valuable experience and skills that can benefit your long-term career as a forex trader.
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