Is there an age limit for becoming a trainee trader?

T

tommog

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HI,

I am 21 and since leaving college have been working in advertising (with a bit of traveling). Thinking at the time i would be able to make my own way in the world without a degree.

However realizing how many doors a degree would open for me particularly in the financial world, which is what i definitely want to work in, as a trader, i am in the process of enrolling at uni doing a business degree.

However i realize the (most common) first step after a degree is to get a job as a trainee trader, but my concern is at 24 (the age i will be on graduation) may work against me because i will be a few years older than people that went to uni straight after college.

I know 24 is hardly old but in a very competitive world such as the stock market i want to make sure i dont have anything working against me. Is 24 a little old to be getting on the first rung of the ladder? Considering people that went straight to uni after college will be 21/22 on graduation?

Would having a few years work experience and being 2 years older even work in my favour?

I'd appreciate any advice

many thanks
 
tommog said:
HI,

I am 21 and since leaving college have been working in advertising (with a bit of traveling). Thinking at the time i would be able to make my own way in the world without a degree.

However realizing how many doors a degree would open for me particularly in the financial world, which is what i definitely want to work in, as a trader, i am in the process of enrolling at uni doing a business degree.

However i realize the (most common) first step after a degree is to get a job as a trainee trader, but my concern is at 24 (the age i will be on graduation) may work against me because i will be a few years older than people that went to uni straight after college.

I know 24 is hardly old but in a very competitive world such as the stock market i want to make sure i dont have anything working against me. Is 24 a little old to be getting on the first rung of the ladder? Considering people that went straight to uni after college will be 21/22 on graduation?

Would having a few years work experience and being 2 years older even work in my favour?

I'd appreciate any advice

many thanks
Click to expand...

Depends on what level of degree you have and more importantly WHAT YOU KNOW.....totally depends on the employer!!!!! 24 is an ok age.......best of luck
 
I am a qualified financial advisor working in London. I will be 40 in May 2009. I wish to pursue a career in Trading. I have heard and read that over 30 are not normally hired as trainee trader/trader. Please let me know if at 39 years of age I can be hired as a trader. I am waiting for a response, and based on that I will or wont apply for trader opportunities. Thanks
 
imranmir1 said:
I am a qualified financial advisor working in London. I will be 40 in May 2009. I wish to pursue a career in Trading. I have heard and read that over 30 are not normally hired as trainee trader/trader. Please let me know if at 39 years of age I can be hired as a trader. I am waiting for a response, and based on that I will or wont apply for trader opportunities. Thanks
Click to expand...

Why base your decision to apply or not on the opinions of a load of people on a web forum? It won't take much time or effort to fill in a few applications so send some off and let the employer tell you for themselves if they want you or not.
 
To the 21 year old:
If you want to be a trader, cut your losses and go to university.

You can always trade while studying. If you have a track record and have been trading for a while you might have a chance of muscling your way into one of arcade-type proprietary firms over there.

Your age won't work in your favour but if you let that stop you then your not cut out for the business.

Trust me, speaking from my own mistakes, your much better off studying whatever it takes to get you into a good firm, as opposed to learning trading on your own. Once your in a good firm you'll learn at a pace much much faster than you could ever achieve on your own.
 
The 21 year old is now the 25 yr old! So what route did you decide in the end tommog? I see you're still active on the forums and was curious as to what you choose to do and how it worked out for you.
 
Tommag was last active on the board a few days back so would be great to hear what route he took.

I, like toadly would be interested to know.
 
Thank you the replies. I have been contacted by a trading firm in London, who specialise in trading of Financial Futures in the European and US markets. There is a 4 month training, and the training cost is to be borne by me, which is about 3000 UK pounds upfront or 80 pounds per month for 50 odd months. Please let me know if this is normal to go into trading career, i.e. initially pay from your own pocket for the overheads??? Kindly advice.
 
Let me guess. Their name is TCA markets? Same pricing anyways. I recall someone said in another thread about this group they recruit 4 people every quarter but more on their remote program? I'll go find the thread...
 
Hi KillPhil08..ya, it is TCA MArkets. If you could get that thread, it would be great. Before making this huge commitement with them, I wud appreciate if I could get some more info on this company. My 1st impression is that they are more interested in my money than making me into a trader, who will in return make money for them as well. Any feedback is most welcome.
 
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