IMC or CFA... or both?

Jan 7, 2008
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#31
Well, Certainly IMC is worthy and its the way to the ladder to become full CFA in next stage, also IMC syllabus almost part one of CFA,so before going hard commitment its better start easy and thats,IMC ...
its would help even if you are a practicing Broker and or pursuing teaching,as great demand for teacher of IMC and CFA and ofcourse it would help TRADING or Analyst job too
Thanks
 

MaxiV

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Dec 1, 2010
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#32
I now have another question... once you do these exams i heard you can no longer trade for yourself as there is an unfair advantage!! I really dont want to dealin shares but what about FOREX for myself or even using spread trading (betting) <<< is that still allowed?
 
Feb 4, 2011
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#33
You can trade for yourself if trading forex. If your trading shares you'll need to open an account with your brokerage or set up some sort of system so that your trades are all monitored by your firm. Basically set out to stop insider trading activity.
 

MaxiV

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#34
You can trade for yourself if trading forex. If your trading shares you'll need to open an account with your brokerage or set up some sort of system so that your trades are all monitored by your firm. Basically set out to stop insider trading activity.
Thanks for that that... This works wonders for me as im not too interested in shares.
 

MaxiV

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#35
....now just wondering how long it would take me to do the CAIA?? i know i'll do the imc and it shouldn't take more than a few months (am i right?)...
 
Jan 7, 2008
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#36
MaxiV,

I wouldnt go wasting your time with anything IMC or CISI (lower than FSA level 4) - these are basically benchmark exams - plus, there are NO exemptions from CFA at any level from any other body which might be worth noting.

I know a few chaps who have completed the CFA exams in 18 month (started at the December level 1 stage), I also know people who have picked up the notes 5 weeks before the exam and passed (atleast that's what they told people) but these guys are usually the exeption to the rule - I'm currently a candidate, I'd say if you're thinking about it and have the time and have a natural and keen interest in financial markets then its certainly worth doing - the only problem is the volume and breadth of the learning involved. Difficult but not impossible at level 1.

http://www.investopedia.com/exam-guide/cfa-level-1/ethics-standards/

When you register for the exam you'll be given the CFAI books which are obviously very good if a little dry. The Notes are well worth getting but a little on the expensive side

http://www.schweser.com/cfa/cfa1.<a class="ktg6us78hf8vdu7" href="#">php</a>
You can usually get these off gumtree after june for knockdown prices.
Other cheaper providers include people like Allen Resources - the test database
CFA Exam Prep - Allen Resources cost $99 - direct questions (not much like the CFA actual) but good enough for learning prompts. you can jack it all off the web though... although this (as the CFAI will drill into you) is a "violation of standards".

Also note that no matter how long it takes you to pass all three stages you wont recevie your charter unless you know other charterholders and have had 3-4 years of <a class="ktg6us78hf8vdu7" href="#">investment</a> decision-making experience.

Hope this helps!
HI your advise certainly clear and precise, yes, IMC of CFA is Benchmark and FSA regulatations clearance but CFA is like cream of cream..most important getting advise like your some sources and link,very helpful..Thanks
 
Jan 7, 2008
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#37
FOREX and FTSE, S&P, Did do NYMEX too and other commodities such as gold. But now concentrating and perfecting FOREX esp GBP/USD (through IGIndex). Will move onto FTSE and others later. I Have done well and been through my major losses when have got my trading emotion tuned to the Nth degree... everything falls into place with a good trading system. I enjoy it but want to learn more on what is going on out there and how all the mechanics of the markets work. Hence, wanting to go for the IMC or CFA; prob. more of a matter of interest then for career change... but wouldn't mind having a dabble in that world.
:clap:..SO without IMC or CFA ,how you learn all these technical thing for CFD or Spread betting,does your opinion IG INDEX is good and to do good risk reward in FOREX market against Dollar VS Pound..exactly what training need to be CFD day traders...
 

MaxiV

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#38
:clap:..SO without IMC or CFA ,how you learn all these technical thing for CFD or Spread betting,does your opinion IG INDEX is good and to do good risk reward in FOREX market against Dollar VS Pound..exactly what training need to be CFD day traders...
I am self trained, read a lot of major trading books, and screen time... make your errors... that is the best training.... and here I am now... taking it further.
 

MaxiV

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#40
ok... done my IMC level4.....

Now another question:

CAIA or CISI (Wealth Management)???

Any opinions?
 
Oct 5, 2017
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#41
Did you find the IMC to be any good, i'm in the same position you were. I trade using Technical Analysis but want to get better understanding of how the markets work. Would you recommend the IMC? Thanks