Career as FX technical analyst/chartist

[Southampton]

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)

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.

You can call them to see if it still exists.

Regardless of our disagreement, i am very happy you are improving healthwise. Health is truly the only real wealth.

With that said, why do you equate "trading room" with TA?

Hamp

 

[El OchoCinco]

The base level keeps dropping on this site.

 

[Southampton]

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

Great points, Viper. I can attest to the benefits of posting leading to meeting the right folks in the business. You need to post quality material, and they will find you. If you post cats, pots, pictures or nonsense--- you are digging your own grave.

Hamp

 

[wrbtrader]

Regardless of our disagreement, i am very happy you are improving healthwise. Health is truly the only real wealth.

With that said, why do you equate "trading room" with TA?

Hamp

I never equate trading room with TA. That's your assumption in error.

In contrast, the trading rooms are being used to "educate" their students. The students uses the trading room to "further" their education. That education includes topis such as "chart analysis" and chart analysis is a form of technical analysis.

Yet, I have made references to a prior discussion (years ago) with someone that stated there are no universities with trading rooms that are accredited. Same person that also stated (years ago) that you can not learn "chart analysis" at an accredited university.

Someone replied and stated he first learned about "Bollinger Bands" at Penn State School of Business. At last check...Bollinger Bands is a form of TA. If not, my recent illness has really screwed up my head.

I just believe that one needs to research the universities with "trading rooms" and then talk to actual students that uses those "trading rooms" to determine if they are or are not learning TA or Chart Analysis at their universities as a chapter in a book or earning credits (usually just 1 credit) when they attend a meeting by a guest speaker that talks about TA.

Regardless, you're absolutely correct. Our health is truly the only wealth. I survived something that all my doctors have stated many have not survived...I'm lucky and many things is new to me although very familiar. For example, I barbecued today for lunch outside with temperatures near -20...felt very alive today.

Have a good day sir.

 

[TradeViper]

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 ?

No doubt, the basics are always covered, it is part of a well rounded education. On the series 3 test there are basic questions related to what folks call TA, its not like 50% of the test or anything like that, but, again there are questions. From what I understand, basic concepts of TA are still taught in various curriculums, but as with all things that fall into disfavor, its not really as emphasized as much as it was. `

The Ever Emphasizing

VIPER

 

[El OchoCinco]

Great points, Viper. I can attest to the benefits of posting leading to meeting the right folks in the business. You need to post quality material, and they will find you. If you post cats, pots, pictures or nonsense--- you are digging your own grave.

Hamp

Unlike you, most people here do not need to whore and use knee pads for anonymous business contacts at an online forum, so I am fine posting cats and pots because it is as intelligent as the diaper duff you contribute. Who the fuck trawls through ET posts looking for business partners? You should stick with milking funds out of the hedge fund association .

 

[TradeViper]

Great points, Viper. I can attest to the benefits of posting leading to meeting the right folks in the business. You need to post quality material, and they will find you. If you post cats, pots, pictures or nonsense--- you are digging your own grave.

Hamp

How about monkeys, is that ok hehehehehehe

The Ever Simian

VIPER

 

[Southampton]

Unlike you, most people here do not need to whore and use knee pads for anonymous business contacts at an online forum, so I am fine posting cats and pots because it is as intelligent as the diaper duff you contribute. Who the fuck trawls through ET posts looking for business partners? You should stick with milking funds out of the hedge fund association .

Think you are anonymous, little ghoster?

Knock off the libel or you will find out differently very fast.

Hampton

 

[wrbtrader]

No doubt, the basics are always covered, it is part of a well rounded education. On the series 3 test there are basic questions related to what folks call TA, its not like 50% of the test or anything like that, but, again there are questions. From what I understand, basic concepts of TA are still taught in various curriculums, but as with all things that fall into disfavor, its not really as emphasized as much as it was. `

The Ever Emphasizing

VIPER

That's my point, TA is discussed in schools as part of a well rounded education. Someone can learn about TA via topics from a class or book work about the markets without learning anything about actual trading.

First time I ever learned "chart analysis" was actually in an organic chemistry class.

Nowadays, my real estate agent uses chart analysis to chart the real estate markets. Now she's talking about "correlation models" with other cities buying/selling home markets. The way she's going...she'll soon be plotting "indicators" to do forecast models.

Think you are anonymous, little ghoster?

Knock off the libel or you will find out differently very fast.

Hampton

Strange, marketsurfer threaten "libel" too in public and private. Then again, maybe this is none of my business.

I'm outta here now that things suddenly got serious.

 

[El OchoCinco]

Think you are anonymous, little ghoster?

Knock off the libel or you will find out differently very fast.

Hampton

Libel... ha ha....let me know when you want to file the lawsuit, I will recommend some good lawyers in Florida I know.