I am just wondering if there are any uni students who plan to demonstrate ur interest in forex by track records with real money(or virtual) when u are looking for a job later on.
I’m a second year student doing financial Maths now. My first intention was to have a glance at what traders do as a wannabe quantitative analyst in back office. But it turned out that trading itself is really intriguing to me. Can’t decide my mind.:o
I’m kind of struggling how to show my passion in forex market to employers. I need to show them what I have done in a proper way in order to impress them. What I’m thinking is writing journals everyday as pipsology said, collect them and make a presentation slides using powerpoint. Basically I want to summarise all my trials and errors.
At the moment I am doing the college level in pipsology and try to make my trading system using demo. It might be really helpful if we share how we are making progress of our track records and some job hunting plans.
It would be very much welcome if any advanced forex traders could give me some advice about this. Thanks for reading.
In summary, “How can I show my track records in a job application or interview effectively if I apply for a forex trader job position, ?”
[B]1. How much was your biggest drawdown of your capital in percentage terms?[/B]
You need to prove it to them with your balance sheets from your live trading account. It doesn’t matter if you have $1000 or $10’000 or whatever trading capital sitting in your account.
[B]2. Show us your trading journal.[/B]
You need to proof to them the logical reason WHY you took the trades. Especially for your losing trades.
Yes, it does mean university. “Uni”, is widely used in Australia. I love the word myself when talking to Australians as it confuses the heck out of English native speakers from other countries.
ah I kind of thought that but wondered if it might be some acronym, something to do with forex?
which brings up a question along the same lines. to be hired as a trader in a bank what training is needed before hand and what training would one get after being hired?
Since Cas answered the OPs question then is she an institutional trader? and can answer these questions?
In other words what do the Pro traders get in terms of an education in this business, I’m assuming the babypips school is just an introduction level thing.
Thanks for ur answer. That’s what I thought but you help me make sure of it!
Btw,…Do you think they will consider my demo account balance sheets?
I guess live account will appeal much more to them…
Demo account isn’t live trading. You’re playing with monopoly money with [B]no[/B] real consequenses to your own capital. Your bank balance isn’t affected.
The minute you start live trading you have to deal with [B]real[/B] losses to [B]your[/B] capital in the [B]real[/B] world.
That affect’s your psyche, confidence and so on.
You need to show to them that you can handle that without having blown your live account.
The worst thing you can do is tell them that you have never experienced losses…
Funny Thread : Most folks want to trade Currncies to get away from the man , or be their own boss. Not use it to get exprience to get a job.
Also my understanding of Commercial traders is that most would prefer you not have much expreince other than basic understanding as they use their own analysis and just have you place orders at set points.
There are a few commercial traders here on BabyPips and Exbank traders.
They don’t want you to have to unlearn bad habbits. Now if your looking to go commercial on your own then a presentation as your discussing would be needed to get finacial backing also a copy of your financials regarding your success at trading like any bussiness. Probablly at least a years worth of data to show it is substainable.
But once you start trading successfully the people will come out of the woodwork wanting you to trade for them. I personally have zero interest in that as that is why I am doingg this to keep from working for others. But if you go that route. Make sure you keep it on a professional level. Dot every I and cross all the T’s even with friends because when money is involved things can go bad fast.
Good Luck to you and i wish you all the success you want. Ken :eek:
Thanks for the pointer, Kenneth. I follow those threads and I enjoy them.
A little food for thought…
How many traders on this forum using more than one broker…?
As an independent retail trader you’re not “supposed” to do certain things like Limit Orders at a certain price outside “TA propagated” S&R areas @“unusal” market times like Roll Over Time or NT interval.
When I started doing this I got warned by my broker because I was behaving outside the norm.
So, I am using more than one broker in order to change around while I keep behaving outside the norm without getting warned.
There is a hell of a lot more to trading than TA and fundamentals…:D:D
