College Major for an FX Trader?
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Thread: College Major for an FX Trader?

  1. #1
    I'm new to the forums, so hi everyone.

    I want some advice pertaining to my faculty Major.

    I'm quite interested in Western and all matters associated with the Stock,Bond, Currency, Commodiy and Futures markets- and also read in a career book a currency trader is a job which would let me incorporate both of these subjects.

    My issue is, what Undergrad Major is ideal to get a foreign Exchange Trader or to get a job in any financial support for this issue? I thought either International Political Economy or Economics, but had been told that Finance would be better. What should I research that would assist me?

    And also, can I concentrate in the market of Japan as an FX trader?

    Thanks and God Bless

  2. #2
    2nd year BBA finance here, I have to select between the corporate finance and the area, well I am in the route to the FX trading career.

  3. #3
    Ahh I have these opinions all but none appear conclusive.

    I believe International Political Economy will cause me to the most well rounded,, but I don't know much.

  4. #4
    Personally, I don't believe any of your choices are going to make the slightest difference whether you're going to be successful as a trader or not. PHD analysts can not predict with any certainty what is going to occur in the markets and finance majors are far more worried about how to structure loans they are with the yen's direction. The degrees may be helpful in getting you in the door, but when your there it's an issue of plogical makeup and personal fortitude.

    If you want to be a trader then exchange. 50% or pull 40 returns for the subsequent 4 years and there is not a bank on the planet that will not let you exchange, eduion or not. Unfortunately that's a lot easier said then done, so make sure you get a level that is good with ample opportunities to drop back on.

  5. #5
    What is a fund major? Within an econ major, you basically study fundamentals... what do you do in fund?

  6. #6
    Quote Originally Posted by ;
    Personally I do not believe any of your options are going to make the slightest difference whether you'll be successful as a trader or not. PHD analysts can not predict with any certainty what is going to occur in the markets and finance majors are far more concerned with how to construction loans they are with the direction of the yen. The levels may be helpful in getting you into the door, but when your there it's an issue of personal fortitude and plogical makeup.

    If you want to be a trader then exchange. 50% or Bring 40 returns for the subsequent 4 decades and there isn't a bank on earth that won't let you exchange, eduion or never. Unfortunately that's a lot easier said then done, so remember to have a degree that is fantastic with ample chances to reduce on.
    It's getting in the door that I'm concerned about, once I'm in I believe I'll be fine.

    What could you propose for getting in the door?

  7. #7
    Quote Originally Posted by ;
    It's getting at the door which I'm concerned about, after I'm in I think I will be OK.

    What would you propose for getting in the door?
    Couldn't tell ya. Banks don't pay enough to spark my attention.

    It might help to look here though: http://jobs.efinancialcareers.com/Trading.htm

  8. #8
    Really, I read that FX traders( in case that is what you're talking about)get paid a lot.

    Thanks much for the link, it's much appreciated.

  9. #9
    Quote Originally Posted by ;
    Really, I see that FX traders( in case that is what you are referring to )get paid a lot.

    Thanks much for the connection, it it much valued.
    They do ($300-500k) but if your great it's peanuts compared to what you can make trading your own account. Plus they allow you to work fuss with paperwork, a 60 hour week, move to a specific loion, and also treat individuals. It's only more trouble then its value.

    If I wanted that type of aggrivation I would begin a hedge fund.

    Don't get me wrong brother, I am not telling you to avoid an eduion. If you have it you should take the opportunity. Just don't make all of your future decisions based on the anticipation of trading OPM. If you want to be a trader, do it to the side while your going to school to get another career. Wost case situation, if a trading skills are found lacking (which is a VERY large odds ) you can get a fine, well paying job.

  10. #10
    Quote Originally Posted by ;
    They do ($300-500k) but if your great it's peanuts in comparison to what you can create trading your own account. Plus they allow you to work a 60 hour week, fuss with paperwork move to a loion, and treat individuals. It is just more trouble then its worth.

    If I wanted that type of aggrivation I would begin a hedge fund.

    Don't get me wrong brother, I am not telling you to avoid an eduion. You should take the chance if you have it. Just don't make your future choices based on the expectation of trading OPM. If you would like to be a trader, do it on the side while your visiting school for some other career. Wost case situation, if your trading skills are found missing (that is a VERY high probability) you can get a fine, good paying job.
    Darkstar, great way to sum it all up. Wonder how long it will be until there is a major available in college for Foreign Exchange traders. Dont know how much this will help as there is not any eduion for a trader than time on the market. I suggest keep trading and earn a diploma in an area of interest. This way, as a student you should have the time to learn how to exchange and persue a degree. I guess.

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