Discussion in ' Forex Trading ' started by sub0 , Dec 18, Log in or Sign up. I would like to be an expert trader in the FX markets.
I'm currently working on finishing up my undergrad degree and was wondering what I should major in? At first I thought Finance, but then I did more research and found out that top traders don't major in Finance. They usually major in Math. And quant jobs are usually given to math majors. A top message board for quant researchers is filled with math students.
Then you read the Market Wizards and you hear these stories of traders that didn't even go to college and who say colleges won't teach you anything. Not just that, but most colleges believe in the efficient market theory, whereas most traders believe in the inefficient market theory.
So what should I do? Generally speaking, Physics, Maths are better preparation for a career in trading. They are much harder to study also. If you know maths, physics, you can self-study most of the finance stuff. As far as Forex is concerned, do you know Bruce Kovner? It is hard to say what makes a forex trader, your personality, your knowledge of the world, i. I came to NYC from a different country and found the traders here are very informative of the world.
I believe this is essential in forex trading unless of course you only do day trading. Arrange your studies so that you will have something to fall back upon, if you discover that you don't have what it takes to succeed as a trader.
Many try, few succeed. Ha, I have math degree and it's completely useless. Do yourself a favor, matriculate in the 'psychology of crowds'. Trading is far beyond the realm of education I'm afraid Get a degree in something you like, not related to trading.
If you fail, you always have the educational requirements for a job you might love. Literary analysis will prepare you for deciphering the "theme" of current market conditions. Physical activities emphasizing coordination will also help round things out along the nervous system eye-mind-hand reflex. And find a good weekly poker game. You must log in or sign up to reply here. Your name or email address: Do you already have an account? No, create an account now. Yes, my password is:More...