Hi there,
In my opinion the forex marked is pretty much ‘thinking outside the box’, so no theoretical education will be entirely successfull in preparing you for what awaits you as an active trader. Sure, you could learn a whole lot of theoretical economics and most interesting in our case - macroeconomics - for the fundamental trades, and general help to explain what moves the marked.
The best education is actually to trade, reading and hearing about the process of a trade is just so good. The real education is when you make first hand experience in the marked. Its almost as learning to swim, you’d actually have to step into the water before you can realy swim. Reading a book about swimming and believing thats all there is to it, is the sure way to die horribly.
But yes, get a nice shiny diploma with an above average grades and some company in the marked might hire you as a broker, salesman and/or analyst. Sure be happy with a 9 to 5 job working with someone elses money, who is to blame you? You’ll most likely make a real nice living doing just that collecting a monthly pay check.
Notice one of the differences between the ‘regular’ marked (stocks, bonds, futures etc) and the forex marked - the capital need.
We don’t need a large dealing account to make a living of this marked, but I wont totaly ignore the fact the bigger the account/the larger the gains will be either. So its perfectly possible for the average Joe to make a OK living just trading for him/her self, and thats even without any form of degree or diploma to hang at your wall.
So ask yourself this; spent 100.000 USD on a fancy MBA/MSc or use 100.000 USD to trade yourself to be financially indepentable? With forex its possible to be economical successful and its a highly viable option with the proper mix of experience (firstly) and education (secondly).
I almost chose the later since I didn’t know any better and it was the ‘normal’ way of getting a decent job and providing for your family. I made it to the BA level and was considering a higher degree. I don’t regret my decision, but experience and later judgment have made me believe there is a whole new way of living just thinking outside the box - be your own employer and getting paid for your real skills, and not by what some employer think your worth…
In closing, the forex marked could be the key to your financial goals, or the bane of you. Only experience of trial, error and success will tell you where your limits are.
Babypips is a great way to start out, so hang in there and start easy. Dont do live trading until your confident you can start trading real money.
Best of luck to you, whatever you might chose to do.
