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 elaborate on the aptitude part - Ofcourse the money would be better than teaching, but I'm also looking for a new challenge.
:clap:
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
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
well
Well, I've thought about trading and stock broking. I am fairly numerate and that finacial rewards looks promising. Are you a trader?
Well, I've thought about trading and stock broking. I am fairly numerate and that finacial rewards looks promising. Are you a trader?
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.
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.
TheTick
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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.
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.
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.
rols
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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
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.
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NVP
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0:44 :cheesy:
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0:44 :cheesy:
Sorry I know I'm a cnut, did it for teh lulz
