Newcomer, advice greatly appreciated

[John Kinnell]

Hello everyone,

Just begun studying an MBA in the UK, with a view to becoming a full-time FX trader in a year or two. In the time from now until then I would like to gain as much practical experience and knowledge of FX, through use of a demo account before perhaps moving on to a micro in 4-6 months.

I would like to concentrate on one session and one currency pair during this time. My study hours are pretty much 9-5 every day, so I have been considering developing a system for intraday trading EUR/USD during the US session, between 6pm and 10pm GMT, perhaps adding in some longer-term carry trades in other pairs as time goes on.

Anyway, I realise there is a ton of information in the stickies and on the internet, but if any of the more experienced guys on here could offer me any words of wisdom, must-buy books or just tell me to get on with it, or that 4 hours a day is too little time and I'm being an idiot, that would be super. Also if anyone would take a look at my system and protocols when I've put them together and give me feedback, I'd really appreciate it.

Thanks for your time everyone.

John

 

[shadowninja]

Just get on with it. Work out a method on demo, then trade micro lots then scale up.

Why do you need an MBA to become a full-time FX trader?

 

[John Kinnell]

Hi shadow,

I don't need it, it's just something that I've always wanted to do. Eventually I'd like to do a DBA as well, I'm just a bit of a fiend for learning

But since we're on the topic, are there any desirable qualifications for an FX trader to possess? Or with the prop desks is it purely a case of 'show us you can do it and we'll hire you'?

Cheers,

John