career change for math teacher

mrt

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Ok here goes. I'm 33 this year and thinking of changing careerto become a trader or stock broker. Is it too late?

I would very much welcome your views.

mrt:idea:
 
based on what? any experience? have you been looking at models? do you know the diffrence between stock broking and trading?
 
If you are thinking about it for the money - then don't bother. Only go that direction if it's a passion because being a trader especially is something that not everyone has the right aptitude for.
 
money/challenge what is the right aptitude?

If you elaborate on the aptitude part - Ofcourse the money would be better than teaching, but I'm also looking for a new challenge.

:clap:


If you are thinking about it for the money - then don't bother. Only go that direction if it's a passion because being a trader especially is something that not everyone has the right aptitude for.
 
Mrt,

What qualifications, skills and experience do you have?

Grant.
 
qualifications

I have nearly 10 years experience teaching maths and double maths in leading academic schools in the UK and preparing students for Oxbridge. I currently lead my department, so leadership skill, communication, and ofcourse numeracy (Bsc Hons Southampton University 96). PGCE Sussex University 1998.
What other skills do I need to develop?

mrt:cool:


Mrt,

What qualifications, skills and experience do you have?

Grant.
 
i am yes.

i guess you need to know the difference between trading and stock broking to start with. for every successful trader i reckon there are 3 others who end up blowing up.

do you want to trade your own account, trade for a bank, prop shop, market make.....?

i suspect to get through the door you'll have to start at the bottom and work up-one thing is nailed on: you won't pick up the rewards straight away. if you become a successful trader then fair play to you.

you need to decide what it is you want to do-it's too easy to pick up the FT and see that trader A took home a $2m bonus and think 'i could do that'. it's not like that.
 
Ok here goes. I'm 33 this year and thinking of changing careerto become a trader or stock broker. Is it too late?

I would very much welcome your views.

mrt:idea:

It's never too late to try something, but you need to go into it with passion and an understanding that it takes a lot of time, effort and dedication. And even that does not guarantee success, as many here will testify. And you should also first make sure you have enough money put aside to live off and, if you are going to trade for yourself, an amount you are prepared to lose as "learning capital".

Being a trader is far different from being a stock-broker. I think you must first decide which route you want to go down. This website is mainly aimed at and frequented by traders, who use various things such as price action, technical indicators and newsflow (usually a combination of) to trade their own money. Stock-brokers are usually more driven by dismantling balance sheets for analysis and selling recommendations to clients. OK, this is a bit of a generalisation, but the gist is that they are very different in their approach.

Obviously your mathematical abilities are strong, and probably superior to the majority of traders. However, what do you know about markets? Do you know what a bid-offer spread is? If not, you need to start at the very beginning - there's plenty of resources on here and some of the recommended reading will be of use. Once you have read some of these to get a basic understanding of what markets are and what they do, I would recommend reading some technical analysis books and a market psychology book.

Secondly, what do you want to trade? Shares, fixed income, commodities, currencies, indices? And will it be cash, futures or options? Or any combination of the above? Over what time scale? Will you be scalping a few ticks over a couple of minutes or position trading over weeks/months/years? All require different approaches and aptitudes.

Whatever you decide, make sure you have done some research into each of them and take some time to consider which suits your personality best. And good luck.(y)
 
MRT,

My God, you’re old enough to be my twin brother (cough).

First off, you’re competing against 20-somethings with anything up to PhD’s. Therefore, you’ve got to put yourself on a par . PhD may be stretching it but seriously consider an MSc in quant/finance discipline – there’s loads of choices.

Thirty-three hardly constitutes a prelude to imminent death or dementia. You may have difficulty with the larger houses, but the smaller ones may be potential. If this is what you really want do, then aim for it. Don’t let others dissuade you.

Grant.
 
You can always sue for age discrimination if you don't get an interview. Surest way to make the big money...
 
I have nearly 10 years experience teaching maths and double maths in leading academic schools in the UK and preparing students for Oxbridge. I currently lead my department, so leadership skill, communication, and ofcourse numeracy (Bsc Hons Southampton University 96). PGCE Sussex University 1998.
What other skills do I need to develop?

mrt:cool:

I admire anybody who teaches full time, esp these days with all the PC and regulations and red tape.
You must be on 40K to 50K plus the paid holidays.
AND you are doing something of value and use to society.
I hear we are desperately in need of maths teachers in the UK.
You really want to give that up and possibly not make a decent salary for possibly a few years?

Also it may be a big shock to go from interacting with people all day to being in what for many is a sad and lonely existence alleviated only in a minor way by frequenting chat rooms and trading forums (not me of course).

Good luck. In my experience the grass is rarely greener on the other side of the fence, we just imagine it is.
 
I admire anybody who teaches full time, esp these days with all the PC and regulations and red tape.
You must be on 40K to 50K plus the paid holidays.
AND you are doing something of value and use to society.
I hear we are desperately in need of maths teachers in the UK.
You really want to give that up and possibly not make a decent salary for posbly a few years?

Also it may be a big shock to go from interacting with people all day to being in what for many is a sad and lonely existence alleviated only in a minor way by frequenting chat rooms and trading forums (not me of course).

Good luck. In my experience the grass is rarely greener on the other side of the fence, we just imagine it is.

Math teacher is intersting. I llike it. I want share some my experience about interview it. I hope it's good.

If you want to do more info, you also visit at: Math teacher interview questions
 
Ok here goes. I'm 33 this year and thinking of changing careerto become a trader or stock broker. Is it too late?

I would very much welcome your views.

mrt:idea:

you may struggle with the inefficiencies of markets my friend.....

i have watched many many people come and go from scientific backgrounds as they cant hack it .....

and based on what you chose to do it can be a sad and lonely existence.....

I could'nt do this stuff full time .....

N
 
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