Hey victorcountry,
What I perceived throughout the interview was that it had no sales obligations at all. I'll keep that in mind the next time I meet them again.
Thanks for the info!
Cheers!
Career as FX technical analyst/chartist
- Thread starter faatshit
- Start date
Hey victorcountry,
What I perceived throughout the interview was that it had no sales obligations at all. I'll keep that in mind the next time I meet them again.
Thanks for the info!
Cheers!
The website is the home page for the CMT program. Nothing to be seen there. Just another entity that charges people money in exchange for a paper degree which is close to worthless. I highly doubt a single (and I mean 1) technical analyst is left working at any of the top 10 or top 20 global banks. Such job never added value internally, it's not like a trader walked up to a CMT and said "hey mate, can you walk me through the latest ichimoku cloud?". Some banks kept a guy or two around in the golden age because some clients subscribed to technical ANALysis. When they were forced to cut even trading MDs you can bet the first guys out the door where those whose entire repertoire of knowledge surrounded moving averages and fib levels.
Technical analysis is like a monkey throwing darts on a quote sheet. Every now and then it hits the future top performer. Now put 100 such monkeys into one room and let them throw darts. One monkey with high certainty will hit the top performer each day, just which monkey you don't know. Plus the frequency of correct picks will constantly change. Those monkeys, 1 or 100 or anything in between, add zero value. And there is one single reason for that: each individual monkey has NO EDGE. Technical analysis equally has no edge because it tells the right thing (by chance) every now and then but you don't know when and how often it is randomly correct because the frequency and accuracy rate changes constantly and more importantly RANDOMLY. But I guess there will always be something some people need to cling onto to find meaning and definition in life. It's like those who find meaning in patriotism and nationalism. In today's globalized world countries have lost all the meaning, physical borders are just remaining symbols without meaning. But people cling onto them as if their life depended on it. I get it, I understand why people do it, and yet seeing value in ta due to its randomness of being correct has zero value.
Technical analysis is like a monkey throwing darts on a quote sheet. Every now and then it hits the future top performer. Now put 100 such monkeys into one room and let them throw darts. One monkey with high certainty will hit the top performer each day, just which monkey you don't know. Plus the frequency of correct picks will constantly change. Those monkeys, 1 or 100 or anything in between, add zero value. And there is one single reason for that: each individual monkey has NO EDGE. Technical analysis equally has no edge because it tells the right thing (by chance) every now and then but you don't know when and how often it is randomly correct because the frequency and accuracy rate changes constantly and more importantly RANDOMLY. But I guess there will always be something some people need to cling onto to find meaning and definition in life. It's like those who find meaning in patriotism and nationalism. In today's globalized world countries have lost all the meaning, physical borders are just remaining symbols without meaning. But people cling onto them as if their life depended on it. I get it, I understand why people do it, and yet seeing value in ta due to its randomness of being correct has zero value.
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It's the site of the Market Technicians Association which offers the CMT program. But the point was that contrary to what Southampton said, there are positions in financial institutions for a Technical Analyst which the OP was interested in finding. Your opinion as to the value of TA is irrelevant to the OP's request for information.
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So how does that website support your claim that there are technical analyst positions in financial institutions? You mean the shill on the front page who happens to have a CMT and CFA and works in private banking (his only target client audience being grannies and those needing a lot of hand holding, if grandpa knew the advice he Is receiving is based on pure randomness)?
Because I belong to a sister association of MTA outside the U.S. and know who makes up their membership. And I, of course, know those in the association I belong to and the positions of the members.
And I happen to have worked for 15 years at banks and hedge funds, at each in the capacity as trader. I have not once, not a single time ever come across a technical analyst.
But if you define "financial institutions" broadly to include Ninjatrader and Multi charts then maybe you are right.
But if you define "financial institutions" broadly to include Ninjatrader and Multi charts then maybe you are right.
The majority work for brokers.
FYI
TECHNICAL ANALYST OF THE YEAR
Finalists:
George Davis, RBC Capital Markets
Paul Desmond, Lowry Research Corporation
Jean-Charles Gand, BBSP
Steve Miley, Market Chartist
Guido Riolo, Bloomberg
David Sneddon, Credit Suisse
Stephen Suttmeier, Bank of America Merrill Lynch
Ari Wald, Oppenheimer & Co
Winner:
Ari Wald, Oppenheimer & Co
Goldman Sachs Senior Technical Analyst Salaries
The average Base Salary for Goldman Sachs Senior Technical Analyst is $91,074 per year, ranging from $81,792 to $100,593. Salaries calculated from 24 profiles. Men outnumber women by 4 to 1. 38% are Asian. From recent job postings for Goldman Sachs Senior Technical Analyst, we know that 33% of Goldman Sachs Senior Technical Analyst need to know Unix. From recent job postings for Goldman Sachs Senior Technical Analyst, 67% of Goldman Sachs Senior Technical Analyst need to have a Bachelors degree.
Updated November 17th, 2016
Goldman Sachs technical analyst getting more bearish on the Australian dollar – charts
Thu 24 Apr 2014 22:30:21 GMT
Author: Eamonn Sheridan | Category: News
ADDED – More technical analysis here, from Credit Suisse, covering EUR, JPY, GPB, CHF, AUD, NZD and CAD
–
Sheba Jafari, a technical analysts at Goldman Sachs is becoming more confident the bearish view for the AUD, noting that net positioning has turned long for the first time since May 2013:
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Welcome to the 21st century!
Welcome to the world of HFT, robots, order book trading and modern TA!
CM
Technical analyst and Unix. I am afraid you are confusing something here or read something by someone with a very confused mind. Will leave you to your belief in the future of a technical analyst professional. But we probably need to agree to disagree on this.
FYI
TECHNICAL ANALYST OF THE YEAR
Finalists:
George Davis, RBC Capital Markets
Paul Desmond, Lowry Research Corporation
Jean-Charles Gand, BBSP
Steve Miley, Market Chartist
Guido Riolo, Bloomberg
David Sneddon, Credit Suisse
Stephen Suttmeier, Bank of America Merrill Lynch
Ari Wald, Oppenheimer & Co
Winner:
Ari Wald, Oppenheimer & Co
Goldman Sachs Senior Technical Analyst Salaries
The average Base Salary for Goldman Sachs Senior Technical Analyst is $91,074 per year, ranging from $81,792 to $100,593. Salaries calculated from 24 profiles. Men outnumber women by 4 to 1. 38% are Asian. From recent job postings for Goldman Sachs Senior Technical Analyst, we know that 33% of Goldman Sachs Senior Technical Analyst need to know Unix. From recent job postings for Goldman Sachs Senior Technical Analyst, 67% of Goldman Sachs Senior Technical Analyst need to have a Bachelors degree.
Updated November 17th, 2016
Goldman Sachs technical analyst getting more bearish on the Australian dollar – charts
Thu 24 Apr 2014 22:30:21 GMT
Author: Eamonn Sheridan | Category: News
ADDED – More technical analysis here, from Credit Suisse, covering EUR, JPY, GPB, CHF, AUD, NZD and CAD
–
Sheba Jafari, a technical analysts at Goldman Sachs is becoming more confident the bearish view for the AUD, noting that net positioning has turned long for the first time since May 2013: