Career as FX technical analyst/chartist

Please post the actual course work for TA at the schools you list. I searched them and nothing about TA comes up. Please be specific with evidence of an accredited school teaching TA beyond historical references.

If you are going to cite andrew lo's research at MIT on TA , I can show you research on astrology and the paranormal-- It doesn't mean the school teaches it as a real discipline.

Thanks.

Hampton

Sorry...don't know your Andrew Lo's research at MIT on TA.

Is he a teacher or guest speaker ?

Also, didn't know know they also teach astrology and paranormal. Not sure what you meant by as a "real discipline"...maybe you meant as the name of the class room.
 
Hi guys,

Would appreciate some advice from you guys regarding a job as a technical analyst/chartist.

I was previously from a prop firm but I left because I felt I could trade on my own albeit with a smaller amount of capital and less time required compared to day trading.

Do you guys have any inkling of an idea what's the career progression as a technical chartist/analyst?

The firm is a finance research house so they research a ton of markets and sell these info. firms i.e. banks/hedge funds/institutions/prop firms.

It's risk vs reward, the only problem is over the coming years the markets will slowly move away from technicals towards fundamentals.

But if you get paid well for income and you can trade on the side for capital it's all good. You may just get picked up by an institution, so if you can position yourself you can use it to launch in to higher profile positions.

Exponential curve, you've got to start somewhere, just don't get cornered in to one role for too long, you'll end up stuck there.
 
I claim you do know nothing about what Carnegie Mellon had or has. It is apparently clear. Let this be told my an alumnus.

I don't know what is a MSCF program.

In addition, I provided a list of schools with "trading rooms" that also had taught TA topics in classes (although the class isn't about TA). I didn't say anything about getting a degree in TA or taking a TA class that was a "required" course topic.

By the way, Canegie Mellon use to several years ago have a photo of their trading room and I do remember one of their advertisements..."Our students learn chart analysis and many other topics".

I do not know what they have today.
 
Mate, seriously, I strongly recommend not to further post about those schools, you already completely embarrassed yourself.

Sorry...don't know your Andrew Lo's research at MIT on TA.

Is he a teacher or guest speaker ?

Also, didn't know know they also teach astrology and paranormal. Not sure what you meant by as a "real discipline"...maybe you meant as the name of the class room.
 
I claim you do know nothing about what Carnegie Mellon had or has. It is apparently clear. Let this be told my an alumnus.

He knows nothing about any school. Doesn't even recognize the preeminent Market micro structure researcher on the planet Andrew Lo. The base level keeps dropping on this site.
 
I claim you do know nothing about what Carnegie Mellon had or has. It is apparently clear. Let this be told my an alumnus.

I claim they have a trading room...it was called "Fast Lab"...created by two of their professors...only used by their finance students (I dated one of them) :sneaky:

She now works in "fixed income" for the endowment.

I think (not sure), the "Fast" means "Financial Analysis and Securities Trading".

Don't know anything about it now...it could have burnt down as far as I know or converted to a big study room. :cool:

You can call them to see if it still exists.
 
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Well FS as you can see, you asked a loaded question.

First, as mentioned, you just don't walk in to a firm and and say, I am a technical analyst hire me, or I am here to be "trained" or have an apprenticeship. You need the sheepskins, and the better your transcripts are, the more prestigious the school, the better your chances are of getting on. Unless you are very talented or connected, you will no doubt start at the bottom rung, doing whatever job they tell you to do, usually in the sell side. You will labor for many hours, anonymous, unheralded and disrespected for some time, if during this time period you have proven yourself, meaning being successful at whatever work you were assigned, then and only then might you have a chance to do what you really want to do.

Also a strictly TA analyst really does not exist today, to be an analyst you need to have a full understanding of Macro and Micro factors, some political science and understanding, and the list goes on and on. Understand that these firms want only the best and brightest, to prove that, you need the degrees, and the educational backing.

The alternate route, trade well, post your certified P&L for 3-5 yrs on some internet board, and you never know, but, as with many endeavors, trading is much easier to talk about, than it is to do. But really, if it was easy, everyone would do it.

The Ever Running at the Mouth

Viper
 
Well FS as you can see, you asked a loaded question.

First, as mentioned, you just don't walk in to a firm and and say, I am a technical analyst hire me, or I am here to be "trained" or have an apprenticeship. You need the sheepskins, and the better your transcripts are, the more prestigious the school, the better your chances are of getting on. Unless you are very talented or connected, you will no doubt start at the bottom rung, doing whatever job they tell you to do, usually in the sell side. You will labor for many hours, anonymous, unheralded and disrespected for some time, if during this time period you have proven yourself, meaning being successful at whatever work you were assigned, then and only then might you have a chance to do what you really want to do.

Also a strictly TA analyst really does not exist today, to be an analyst you need to have a full understanding of Macro and Micro factors, some political science and understanding, and the list goes on and on. Understand that these firms want only the best and brightest, to prove that, you need the degrees, and the educational backing.

The alternate route, trade well, post your certified P&L for 3-5 yrs on some internet board, and you never know, but, as with many endeavors, trading is much easier to talk about, than it is to do. But really, if it was easy, everyone would do it.

The Ever Running at the Mouth

Viper

We don't know faatshit background except he was at a prop firm.

I do remember some of the other posters on similar like topic were "college students" working at a prop firm during the summer or "college students" that left school to enter the world of prop firm trading...

They then became interested in the "career path" of a technical analyst. Most likely due to the fact they've probably read background of "technical strategist" at some firm and are now wondering how they can travel the same path.

As you stated, it strictly does not exist today. Therefore, he'll need to be very careful in contacting them about their "career path" because its most likely is "old news".

Today, I see terms used like "technical strategist" but mostly out of Europe. I just can't remember the last time I saw the term "technical analyst" listed by someone at a firm...maybe 2010.

If he's a college student...these schools are out there and still being talked about...some new and some old @ http://college.usatoday.com/2011/09/30/university-trading-floors-brings-wall-street-to-students/

Last article I saw with a list of schools was in 2014...that's only two years ago (soon to be three years ago) that mention a list of topics students will learn such as corporate strategy, sector research, financial engineering (not sure what that is), technical analysis, quantitative analysis, private equity and many other topics...

These people are getting exposed to TA on the university level.

Maybe its not being called TA ?
 
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