Graduates vs non-grads in trading -
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thread: Graduates vs non-grads in trading

  1. #11
    Hmm. Interesting to find that we've got a thread here where a lot of the folks have stated'it does not make any difference and I have a level'? Do the majority of the people today appear to have degrees? Interesting to note that the majority of the traders that I know have degrees.

    Simon
    Well most folks have degrees simply because that's the path of life that our parents watched could be correct. They didn't recognize that this age is not about degrees as much as it's all about inflation. It's not about degrees just as much as it's all about capital preservation. It's not about degrees.

    When I decided I am going to spend a fantastic amount of money in america stock market, my mom, that is a classic and classic parent was afraid to departure and explained, why are you doing this?? I told her, because I want my children to live a comfortable and good life, abandon individuals to come to consider their own and I don't just want to live my entire life.

    In her opinion, life will be the exact same for my children as it was with hers. This is not correct. Inflation is eating up everything. Ours has been not simpler than our parents life, and so we must encourage them our children life is going to be harder than ours.

    When you've got a level, and can't feed your baby and your spouse, you are a LOSER whatever PhDs you hold.


    Thanks,

    Nader

  2. #12
    Hello , I graduated to FX from stocks. I have no formal qualifiions.

    Good luck!

  3. #13
    Junior Member audi2000's Avatar
    3
    Hmm. Interesting to find that we have a thread here where most of the folks have said'it doesn't make any difference and I've a degree'? Why do most of the people today seem to have degrees? Interesting to note that most of the successful traders that I understand have degrees.

    Simon
    Many of us who get degrees hope that the degree will allow them to find a job in a field they're interested in. I received I work and an Engineering degree in an Engineering field and for the most part I enjoy it. The exact same can be said for physicians, lawyers, computer programmers, etc..

    When it comes to trading, especially FOREX we all have to do our own studying. A number people go through online instruction, some people know through classroom stdudy and some people dig our own material and join forums such as you to discuss what we've learned, and to try to find out more and hopefully to help others along the way also.

    I'd state that when there was a formal course of study to find out FOREX, people with degrees could have a leg up because at University we learn how to study, but learning to trade isn't a formal course of study. All start at one when it comes to trading we. The thing is we have to learn about ourselves and figure out which sort of trading style satisfies us, then we have to proceed from there and possibly produce a trading strategy or find an existing one to use.

    When you state most successful traders you know have degrees, which sort of trading are you talking about and which sort of degrees do these people have? I would be interested to find out.

  4. #14
    Junior Member Bhbberni's Avatar
    7
    When you state that most successful traders you know have levels, which kind of trading are you talking about and which kind of degrees do all these people have? I would want to find out.
    I'm work with a lot of guys in system development who have levels. A number of them are currently working towards capital management. In addition, I know some guys who've discretionary trading versions.One man is a pharmacist and has been trading FX for around 3 years. One man has been trading FX for around 3 and before that has been trading stocks - he has been trading income FX for 3 years - he has an engineering level. One man is doing system development, and it has made 6 systems that are traded by a trading robot which are around 70% in the previous 4 weeks. He has a economics degree. Another man who has completed the robot trading for the above man has a computer science (I believe - or it might be technology ) level - he is not really a trader however. I have been trading for approximately 6 years - FX and stocks and possess a PhD in Geology. Another man I know who started a business called Hometrader that are about to list on the ASX - they instruct people how to trade on the ASX - that he doesn't possess a diploma and began trading until he was 18 (needed his mum to start the account for him). Another man that has been investing FX full income for the previous 3 years has an engineering level. These guys are the only ones whom I know who live where I'm who are what I'd consider to be successful traders.

    Simon

  5. #15
    Junior Member oxghelen123's Avatar
    6
    I am work with a bunch of men in program development who have levels. Some of them are working towards capital management. In addition, I know some men who've trading versions that are discretionary.One man has been trading FX for about 3 years and is a pharmacist. One man has been trading FX for about 3 and before that has been trading stocks - he has been trading revenue FX for 3 years - . One man is performing system development, and it has made 6 systems that are traded by a trading robot which are around 70 percent in the previous 4 months. He has a economics degree. Another man who has done the robot trading for the above man has a computer science (I think - or it might be technology ) level - he isn't actually a trader though. I've been trading for about 6 years - and stocks FX and have a PhD in Geology. Another man I know who started a company called Hometrader that are just about to list on the ASX - they instruct people how to trade on the ASX - he doesn't have a diploma and began trading before he was 18 (needed his mum to open the account for him). Another man that has been trading FX full income for the previous 3 years has a technology level. These men are the ones that I know who live where I am who are what I'd like to become successful traders.

    Simon
    And not any single one of them are effective due to their amounts or the set of principles they managed to automate. Their backgrounds might have given them the capability to flip their principles into code but did their levels supply them the advantage, discipline and money management know-how that was plogical? I doubt it. Does not the very fact that these people's levels are in fields tell you that the level isn't the common denominator for their success?

    Follow Merlin's advice and see Market Wizards. You will understand that there is not any secret method or level that equates to success and that all the fantastic traders have really only a few things in common which dictate their success: subject correct plogy. Their degrees are insignificant. Look in the background of the s. The effective traders come in all walks of life. Degrees and no levels. Watch the movie Trading Places with Eddie Murphy. The movie relies on this premise. They literally took a bum off the street and taught him to be a successful commodities trader. Since they truly mean nothing in this 15, you might also burn your levels.

  6. #16
    Junior Member audi2000's Avatar
    3
    I am work with a bunch of guys in program development who have degrees. A number of them are working towards capital management. I know some guys who've discretionary trading models.
    One guy has been trading FX for around 3 decades and is a pharmacist. One guy has been trading FX for around 3 year and prior to this has been trading shares - he has been trading revenue FX for 3 years - . One guy is performing system development, and it has made 6 strategies that are traded by a trading robot which are around 70% in the last 4 months. He's got a economics degree. Another guy who has done the robot trading for the above guy has a computer science (I think - or it might be engineering) degree - he isn't really a trader however. I have been trading for about 6 years - FX and then stocks and have a PhD in Geology. Another guy I know that started a business called Hometrader that are just about to put on the ASX - they teach folks how to trade on the ASX - that he does not have a degree and began trading before he was 18 (wanted his mum to start the account for him). Another guy that has been trading FX full income for the last 3 years has an engineering degree. These guys are the only ones that I know who dwell in which I am who are what I'd like to become successful traders.

    Simon
    Wow! That the group of friends you've got.

  7. #17
    Junior Member Bhbberni's Avatar
    7
    And no single one of them are successful due to their amounts or the pair of principles they were able to automate. Their backgrounds may have given them the ability to flip their rules into code but did their levels provide the edge, discipline and money management know-how to them? I doubt it. Doesn't the very fact that these people's levels are in various fields tell you that the degree is not the common denominator to their success?

    Follow Merlin's advice and see Market Wizards. You will quickly see that there's no method or degree that equates to success and that of the great traders have only a couple of things discipline, cash management, correct plogy. Their degrees are insignificant. Check in the history of this s. The successful traders come in all walks of life. Degrees and no levels. Watch the film Trading Places with Eddie Murphy. The film is based on this whole premise. They literally took a bum off the street and taught him for a successful commodities trader. Since they truly mean nothing you may burn your levels.
    At no time did I say that their amounts has anything to do with their trading success. I merely made the point that the majority of the people whom I know who are successfuly traders have levels and the majority of the men and women who have posted on this thread have a degree. I thought that it was intriguing.

    Simon

  8. #18
    Junior Member oxghelen123's Avatar
    6
    At no point did I state that their degrees has anything to do with their trading success. I just made the point that the majority of the people whom I know who are successfuly traders have degrees and the majority of the men and women who have posted on this thread have a level. I just thought that it was interesting.

    Simon
    Understood. I am equally making an observation/opinion that there is success in trading and no correlation between university levels. I find that interesting.

  9. #19
    Junior Member Dranchoa's Avatar
    1
    My degree is really helpful for trading.you get to research a lot about pain control.

    Simply joking

  10. #20
    Junior Member Jokytrader89's Avatar
    6
    1 thing I had to bring that currently the traders that's successful in the opinion of media are school grads.

    Non - grads which make it at the trading business are normally fewer away from public eye.

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