What are you thoughts on putting forex trading experience on a resumé? I’m currently studying finance at university and I graduate next year. I want something that might give me a competitive edge compared to other graduates because ultimately I would like to get onto a trading desk at an investment bank.
Do you think they would be impressed by this? given I can show I can make consistent profits of course.
You won’t be taken seriously. Just like adding to your CV “being bullied at school but mentaly strong for not becoming another picture on the news”, your employee most likely will not now what trading is and probably will not care.
Investment banks know what trading is, most of the biggest have their own trading desk…not specifically for forex but I know UBS for example has their foreign exchange and fixed income division.
Learning to analyse the market has to carry some merit with these guys right?
Of course it will give you an advantage. Definitely put it on there. Presumably you’ll initially be looking for a Grad trainee position, so you don’t need a successful track record of profits. You’re not going straight in as a trader, after all. You could say something like: ‘Gained Forex trading experience to build an understanding of how live currency markets are affected by global economic events’. It will show that, on your own initiative, you have taken your learning beyond the boundaries of your course’s particular curriculum.
What defines being successful? Sure, making consistent profits can be considered successful, but being able to live off those profits is my concern. I’m happy to build up my account balance over time, but I’m not going to be able to live off what I make, at least not for a few years, I just don’t have enough capital. Which is why I’m hoping to get a grad position somewhere, and god knows how competitive they are these days, having an edge over the other grads is what I’m after, and I’m just asking if forex trading experience can be considered an edge.
hey stinsfire, You know, at least your making an effort, and I like ukdaves angle on this thread…
[B]To me[/B], success means, waking up when you want, and being able to purchase what you want, without a credit card or penalty against you for not paying in cash.
UKDave said [B]‘Gained Forex trading experience to build an understanding of how live currency markets are affected by global economic events’[/B]
Oh they know retail exists, they also know most retailers are losers. Why if the majority of retailers are losers would i trust you to put that on your resume? Think about it. Unless you can prove your one of the very few who have skills. Thats where the audited track record and certifications come into play.
There is nothing wrong with listing on your CV that you have an interest in Retail FX Trading - but if you can back this up with a track record such as your account statements then that would be a good source of proof. Obviously don’t place your statements with the CV, but just mention that they are available upon request.
You could also put your statements in an online folder, and simply address the link in your CV. This way they have the information freely available. I do think though that you would need a minimum of 12 months track recorded to show your determination - and that’s just for a grad job.
I graduate in 8 months, july next year. If I have to have a proven track record of at least 12 months, by the time I achieve that i don’t think I’ll be considered a grad anymore So already this is not looking good for me. I’m planning on going full time over this christmas break, I can get a good 3-4 months of solid trading with nothing to distract me. I’m hoping I can make some good returns that stand out, and put that onto my resumé.
Then again I’m not stressing too much about it, because if I can make some good returns, I don’t think I’ll need a job after I graduate just as MoneyNVRsleeps said earlier.
FYI, I did put “trader” under my resume when applying for a job this year, just to fluff it up a little. But it was a low level entry job and they didn’t really care. They only asked a few curious questions.
In my opinion it’s just a perfect answer.Mention it in your CV and i think if u could prove yourself through your 2 years track record minimum you’ll be preferred at least.
Speaking from experience, you can put it in or leave it out, the filters that most employers look at is: educational level, grades and level of experience and skillset. You won’t do yourself any favours putting it in one of those categories because you have no evidence, so if you do want to put it in, put it under the Interests" section which gets ignored 90% of the time …