We all know top traders earn big. Right?
‘’'What do Quants Earn? Compensation in the field of finance tends to be very high, and quantitative analysis follows this trend. It is not uncommon to find positions with posted salaries of $250,000 or more, and when you add in bonuses, a quant likely could earn $500,000+ per year .
(retrieved from investopedia)
As financial securities become increasingly complex, demand has grown steadily for professionals who not only understand the complex mathematical models that price these securities, but who are able to enhance them to generate profits and reduce risk. These individuals are known as [quantitative analysts], or simply “quants,” or even the colloquially affectionate “quant geeks.”
Who are these ‘quants’ ??
Is a beginner forex trader able to become a quant. Is he able to become any near towards this world of money making?
What is needed to become a millionair by trading forex? * start by small deposit.
That’s why we are here reading these forum messages, hoping to find out how to become wealthy right?
Maybe you now feel the following questions…
This author is not a forex beginner, right?
This author thinks he got some information to share…
Why? And… why does he thinks he knows the answer how to become wealthy. Why to share this info?
This article therefore is about:
- is a beginner fx trader able to succeed?
- by using babypips info and strategies?
- where to start then?
- what is the percentage of beginners that do fail…
- why is forex a 0.01 procenter game?
I would like to share the following video:
Search for 'how to grow a small forex account at youtube (not able to paste the link).
Crucial elements needed for succesfull trading.
Ok. Some important key ingredients for succesfull trading:
Money management. Bank account vs Broker account vs Trading account. Risk each trade. Overtrading… Risk vs Returns.
Analysis of trading. (maybe by third party?? do make a journal, what methods do work?)
A lot of time… (really needed?? yes, if you u want to do this game yourself)
Succesfull Strategy (if … then… but so many strategies claiming to be succesfull, where to start?)
1 trade each day (why? because winning and losing will have it’s influence doing a 2nd or 3rd trade the same day. Winning -> I think it’s easy… greed. losing… -> fear and stress, lost money, try to win the money back. the result is bad trading!)
Don’t blow your money. Start doing demo money. Then do make a really SMALL deposit (maybe) when u feel quite certain about some way of making money…
The strength of compound interest. The great Albert Einstein once said “Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.”
These elements are needed for succesfull trading. But it’s not enough!
The trader at the video seems to be more experienced. Still he is not able to be succesfull in trading his method of money making doing his ‘table’. Why!?
Because forex is a 0.01% 'er game.
99% do fail even before they become a match to this vlogger trading like a more experienced trader. They will blow their first 1000’s of dollars in just days or weeks.
Still this more experienced trader is not able to trade consistant. Leveling up his table.
This is why:
In 2016, it was reported that retail foreign exchange trading represented 5.5% of the whole foreign exchange market ($282 billion in daily trading turnover).
Most of the money is instituional money… pro’s or quants or algoritms made by quants executing trades.
You feel me???
Death end??? Beginner retail traders?
Nevertheless… quants do make big salary’s right?
So… what is the difference between Quants, beginners and more experienced retail traders?
This is why quant salaries are big right? …
We all know top traders earn big right?
I haven’t spotted any articles or info at the internet what to do next. This is why… Right?
I think … oops this is no longer a beginner subject… now the intellect and experience of the ‘quant’ is needed.
… to be continued???