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

  1. #1
    Junior Member Jokytrader89's Avatar
    6

    Graduates vs non-grads in trading

    Hi mates,

    Being a non-grad myself, I really felt intimdated by all the school grads here holding prestigous levels,

    Can you believe a degree really make a difference in one's trading performance?

    Having watched the Apprentice, non-grads tend to be more entreprising but that's another story

  2. #2
    Junior Member oxghelen123's Avatar
    6
    Degree does not guarantee victory in trading... I concur. However, why a licensed or a nicely edued person is necessary when a brokerage company searching for a financial or credit analyst...?

    Building up a thriving system is, undoubtedly, a significant part for traders; however, as an example, I had been doing diploma in computer science it's definitely helping me to write my indiors or expert advisors in mql4. Well individual has the inclination to perform work effectively and efficiently.

    Everything has its own advantages and disadvantages and I think while trading it is far better to be an edued or degree holder instead have nothing. Second, the degree holder has the second choice when he/she does not get success they could return and make for living...
    Regards,
    Kay
    The computer science could definitely be an asset in developing code and the likes but the true success factor in trading would be the plogical element. In the end, a degree truly is irrelevant.

    The degrees brokers are searching for is because you said. . .for analysts. Analysts are the worst traders. They possess the head to provide an analysis of savings and various financial instruments. But that's why they have the degree. . .in order to comprehend the terms and concepts that's the basis for their analysis. It's all academic. But, ask a professional to take this analysis and place money at stake and you are asking them to step to territroy. There is a considerable difference between an academic mind-set along with also a trader's mind-set

    Degree or no degree, the market just does not care.

  3. #3
    Junior Member gracayper's Avatar
    1
    Degree doesn't guarantee victory in trading... I concur. However, why a certified or a nicely edued person is necessary when a brokerage firm searching for a fiscal or credit analyst...?

    Building a thriving system is, undoubtedly, a significant part for traders; however, for instance, I had been doing diploma in computer science it's definitely helping me to write my indiors or expert advisors in mql4. Edued person has the inclination to do work efficiently and effectively.

    Every thing has its own advantages and disadvantages and I believe while trading it is far better to be an edued or level holder instead have nothing. Secondly, the level holder has the second choice if he/she doesn't get success they could go back and make for living...
    Regards,
    Kay
    I don't know if analysts are the worst traders. Can not comment on this. However they are analyst. You know, analyst. They have paid to test. Can these qualified individuals exchange? I don't know.
    Btw, return to a CFA. Hey, if you are very fancy about working as an analyst or in banking industry, they love this name. Good salary guy.
    However, when we are in the market. . .uhm. . .who cares about you're CFA or ABC? Would you get pips consistently?

  4. #4
    Junior Member Vazqwz1973's Avatar
    2
    I do not know if analysts are the worst traders. Can't comment on this. But they're analyst. You understand, analyst. They have paid to test. Can these highly qualified individuals exchange? I don't understand.
    Btw, return to a CFA. Hey, if you are really fancy concerning working as an analyst or in banking business, they love this title. Salary man.
    But, when we are at the market. . .uhm. . .who cares about you are CFA or ABC? Can you get pips consistently?
    Who are we, by all means, we are analyst too, we analyze the market, if it's best fit according to our systems we then commence our trade.

    I gave the example seeing CFA...

    There is no comparison between pixel level and professional certifiion. Yet, if you are more fundamental then technical, experts in economic will help outside you to comprehend what's going at macro level. The majority of the men who developed the so called technical indiors that we use were statistics computer programmers or degree holder had diploma or professional certifiions.

    In short, comprehension of fundamental and technical indiors will help us in our trading choices. My view.
    Regards,
    Kay

  5. #5
    Junior Member oxghelen123's Avatar
    6
    Who are we, by all meanswe are analyst too, we examine the market, if it is best fit according to our systems we then commence our commerce.

    I gave the example seeing CFA...

    There is no comparison between collage level and professional certifiion. However, if you're more fundamental then specialized, masters in economic will help you outside to understand what's currently going at macro level. The majority of the men who developed the so called specialized indiors which we use were statistics level holder or computer developers , most of them had diploma or professional certifiions.

    In short, understanding of fundamental and specialized indiors does help us in our trading decisions. My view.
    Regards,
    Kay
    Interesting arguement. Yes, we are analysts to a particular level. I agree. I'm not suggesting that we do not require any eduion or plan in order to successfully particpate in the markets. We certainly do. However, the knowledge that counts does not arrive in the shape of college eduion and degrees.

    The men who developed the indiors may very well have had degrees in statistics or computer programming but so what. Their achievement in the markets had more with cash management and their plogical and very little to do with all the indior and psychological resolve to stick to their own plans/indiors. In fact indiors have been demonstrated to be better than chance. You can also make money with random entries provided your ceases and money management scheme that is total are legitimate. What does all of that have to do with a degree? Absolutely nothing

  6. #6
    Senior Member raqwl.deji's Avatar
    108
    The fantastic thing about trading is noone gives a damn what you look like, the way you speak, even, or that your friends are how good your breath smells in the daytime. See market wizards, you will observe that fantastic traders come from every background imaginable.

  7. #7
    Junior Member Vazqwz1973's Avatar
    2
    Interesting arguement. Yes, we are analysts to a degree. I concur. I'm not suggesting we do not need any eduion or methodology in order to successfully particpate in the markets. We most certainly do. But doesn't come in the kind of levels and college eduion.

    The men who developed the indiors may very well have experienced levels in statistics or computer programming but so what. Their success in the markets had little to do with the indior and much more with their plogical and money management and psychological resolve. In fact indiors have been demonstrated to be better than chance. Hell, you may even earn money with entries provided overall money management strategy and your stops are legitimate. What does all of that have to do with a degree? Absolutely nothing
    I really appreciate your remarks.

    I really don't think forex market is an area of gaming...

    I said system doesn't only mean enter or exit from the market, comprehensive system ought to have all intrinsic or extrinsic facets of trading like plogical, psychological, and last but not fund management.

    Even when you firmly believe in your own system then you can just set that on expert advisor that might insure plogical, psychological, and other component of trading.

    Regards,

    Kay

  8. #8
    Junior Member Bhbberni's Avatar
    7
    Hmm. Interesting to see that we've got a thread here where most of the folks have said'I've a level and it does not make any difference'? Do most of the people today appear to have degrees? Interesting to note that most of the traders that I know all have degrees.

    Simon

  9. #9
    Part of why that these folks are so powerful in previous endeavours is partly in their ability to acquire their environment to conform to what they want or desire thru knowldge, negotiation or whatever else. The market does not give two hoots about conforming to what you want or desire.

    People with degrees have spent a good portion of their lives researching, writing ex, etc.. . What are they used to? BEING RIGHT. Priding themselves about the reality that they beleive have an intellect edge over others. Unfortunatley, most do not enjoy the fact that trading needs a completely to everything else they have ever done. Being appropriate, for example, has nothing.
    EXTREMLY interesting idea!

    Furthermore, people with degrees and professional success in different areas do usualy carry a joyful, competitive, being-the-first, boss-like brain set. In my opinion, those are some counterproductive characteristics in regards to trading: you MUST be humble, you MUST admit when you're wrong and call it quits (close the commerce ) instead of battling to make it work outside, you MUST be repetitive, disciplined and emotionalessly after your system, you have to acknoledge the market as the boss instead of you, etc..

  10. #10
    Junior Member Mokika_stn's Avatar
    14
    I am a tradesman (read craftsman or blue collar worker) I hope in two to 5 years to fall my hands tools and use a computer to trade Foreign Exchange for a living!

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