Hello everybody!
I just joined babypips a few weeks ago and I have been taking lessons in the school of pipsology, exciting stuff!! I’ve always been interested in forex but unfortunately never made the time to learn it. I want to know where one can get a job as a forex trader especially if you’ve got an added advantage of a business degree??
Erm, lots of people I talked to said their degrees didn’t help them do much in this field.
Granted there are about 4billion others I have not met yet.
You could scalp around for some prop firms however a FX prop firm is unlikely I haven’t looked into it.
OR
You could be SUPER SPECIAL AWESOME and the Fx Funds will look for you!
Because you know that privacy thing is out the window because your broker shares your info and your stats around like trading cards
Open an account, pay yourself.
Not likely, in the current economic situation. Plenty of sound pro traders looking for jobs. Rack up 3+ years of sound trading and try your luck in a summer placement. Make sure you have a ‘checkable’ trading record… no silly ‘bet the farm’ trades in the mix. And the degree as mentioned will not help. Relevant study you can find on ‘Investopedia’ that with a sound trading record will get you through the door at entry level.
Wow, wow, wow!!! (Not talking about World of Warcraft) Calm dow dude, manage to not losing your own funds first. There is not such a thing for FX traders, how can a company decide who is a good trader and who is not? Dude, you didn’t blown up your first account yet. Take all your expectations and divide them by 72 and the time you were expecting to get it multiply it by 144. True story.
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You could try and share your signals in one of forex social networks like zulturade for example , i heard that good providers do get very good profits.
Your best bet at taking your current criteria into account would be to trade yourself under your own account and provide constant sound results with verified proof. Once you have a good batch of results spreading what is usually between three and five years you may use this to your advantage when applying to a broker. Although by this time you will come to realise that you as a private trader can make far more than most brokers are willing to pay you as an employee. The upshot to working for a broker though would be that you are using clients money, which off-sets your own person risk. Then again, if you lose a high degree of your clients funds you will be shown the back door very shortly after.
Just to let you know, and as an example, brokers when employing traders go for the up most eduacted students. Goldman Sachs openly state on their website that 50% of their Graduate Traders are from Oxford and Cambridge University, two of the best universitys in the world, and the top two in the UK.
Ahum… I got as far as an interview at Oxford, does that count? LOL Went to Bristol upon rejection (one of the 'Oxbridge 'rejects universities) still ‘Red brick’ or ‘Ivy league’ though… so what are my chances of getting in at enrty level? :33:.
It seems like the sort of industry that would be quite elite, so Oxbridge or if your Dad is the CEO of the brokerage haha, Maybe you could ring a few brokers up? Start with smaller ones and just see what they say when you say you’re interested, they could probably tell you more useful advice in 5 minutes and you’d know where you stand. Brokers might differ but you’d get a general idea?
I have also thought about this but…
If you feel confident enough to trade with other peoples money - potentially thousands of pounds/dollars etc - then you should trade for yourself. You get to keep all the profits and will not have to make a commute everyday to work. You won’t have the pressures of employers and you can work in your pyjamas.
Ive looked around for Traders CVs and what they show is numbers, BIG NUMBERS!! ranging from 160k to 2.5M year proffits.
So… how close to that are you… right… i figured that : D
If any one was making that much money trading from home then why the would they even be looking to work for a broker? No doubt they’ll be more looking for relative profits for your overall account size, and of course consistency in your profits, over a very long time… which is probably where it’ll take time.
are you part of the HR in a firm? $160k minimum? fantastic figures.
Thank you for taking the time to respond to my thread and sharing your knowledge and insight.