Career as FX technical analyst/chartist
- Thread starter faatshit
- Start date
I've been busting all sort of nuts from your recent call.....easy money.
Well, if there was any doubt earlier, it is gone now. Welcome back, marketsurfer. I hope you and your straw men have a comfortable stay.
I know your question was "eventually" answered about job opportunities as a technical analysis/chartist...
Just a heads up, a lot of firms have been downsizing since the financial collapse of 2008-2009. All departments took a hit including the TA folks but something odd has taken place in the industry lately.
I notice a lot of TA folks now have "dual" titles as to implied they've been merged into other departments at many firms but not all.
For example, at Credit Suisse the TA titles still remain but the TA is now under the "Research" department. Thus, there's no longer a "TA Department" and the 4 world locations are now down to 2 main locations for the TA folks (London and New York). There were 8 folks that I remember but now there's only 4 of them. Actually there's 5 but one is not listed...the one not listed is their boss...same guy in charge of the quants.
Heck, something weird about London. I've notice more listings of "technical analysts" in London than other country locations...you willing to locate (sarcasm).
Another example is Maxime Viemont of BNP Paribas. Excellent technical analyst that doesn't believe in the indicator stuff that you see commonly discussed/argued at this forum. He's one of the long time TA folks but I notice now his job title has been merged into another department. He's now the technical analyst/quantitative research guy.
His income (wage) is 6 figure without the bonuses.
My point is that they are people that has been around a long time. They saw their departments cut in half via the 2008-2009 financial collapse while other department downsized even more.
Only departments that actually grew were the quants but I now see some of the TA folks merged into those departments in "top level" job positions. That's a very strange thing I notice.
Not sure what to make of that considering it implies people were "re-trained" or went back to college and got a quant degree at night school while working at the same firm as a "technical analyst" but I did come across enough names to make me wonder what's going on. People that spent many years as a "technical analyst" and then they get merged into the quant department in a top level job and now called "technical analysis/quantitative research".
Nothing against quants...great field and algos is a growing area even among the retail folks although we still don't see a lot of talk by retail folks about their algorithm trading although there's a few here at this forum.
That's why I suggested you email or call these people to find out their backgrounds and what they think about the industry future considering they have an existing paid job as a TA/chartist at a well known firm.
By the way, I did a brief search at other firms (actually someone made some calls for me) and there's more people today with the job title of Behavior Finance. That's a 90k - 125k job position.
I mention Behavior Finance because its a growing area in the trading/investing field and university academics. Actually, its something I've been talking about a lot for the past 3 years.
Edited - Check out the link @ http://www.technicalanalyst.co.uk/research/
Just read some of what the TA folks are saying at some of the top financial firms to determine whom you want to contact about information about "job opportunities" in the industry. A lot better than listening to folks that say these positions don't exist at professional firms. I personally know several TA/chartist people in the Fixed Income departments...all have 6 figure income levels plus bonuses.
Last edited:
I know your question was "eventually" answered about job opportunities as a technical analysis/chartist...
Just a heads up, a lot of firms have been downsizing since the financial collapse of 2008-2009. All departments took a hit including the TA folks but something odd has taken place in the industry lately.
I notice a lot of TA folks now have "dual" titles as to implied they've been merged into other departments at many firms but not all.
For example, at Credit Suisse the TA titles still remain but the TA is now under the "Research" department. Thus, there's no longer a "TA Department" and the 4 world locations are now down to 2 main locations for the TA folks (London and New York). There were 8 folks that I remember but now there's only 4 of them. Actually there's 5 but one is not listed...the one not listed is their boss...same guy in charge of the quants.
Heck, something weird about London. I've notice more listings of "technical analysts" in London than other country locations...you willing to locate (sarcasm).
Another example is Maxime Viemont of BNP Paribas. Excellent technical analyst that doesn't believe in the indicator stuff that you see commonly discussed/argued at this forum. He's one of the long time TA folks but I notice now his job title has been merged into another department. He's now the technical analyst/quantitative research guy.
His income (wage) is 6 figure without the bonuses.
My point is that they are people that has been around a long time. They saw their departments cut in half via the 2008-2009 financial collapse while other department downsized even more.
Only departments that actually grew were the quants but I now see some of the TA folks merged into those departments in "top level" job positions. That's a very strange thing I notice.
Not sure what to make of that considering it implies people were "re-trained" or went back to college and got a quant degree at night school while working at the same firm as a "technical analyst" but I did come across enough names to make me wonder what's going on. People that spent many years as a "technical analyst" and then they get merged into the quant department in a top level job and now called "technical analysis/quantitative research".
Nothing against quants...great field and algos is a growing area even among the retail folks although we still don't see a lot of talk by retail folks about their algorithm trading although there's a few here at this forum.
That's why I suggested you email or call these people to find out their backgrounds and what they think about the industry future considering they have an existing paid job as a TA/chartist at a well known firm.
By the way, I did a brief search at other firms (actually someone made some calls for me) and there's more people today with the job title of Behavior Finance. That's a 90k - 125k job position.
I mention Behavior Finance because its a growing area in the trading/investing field and university academics. Actually, its something I've been talking about a lot for the past 3 years.
Edited - Check out the link @ http://www.technicalanalyst.co.uk/research/
Just read some of what the TA folks are saying at some of the top financial firms to determine whom you want to contact about information about "job opportunities" in the industry. A lot better than listening to folks that say these positions don't exist at professional firms. I personally know several TA/chartist people in the Fixed Income departments...all have 6 figure income levels plus bonuses.
Dude, an annual 100k salary with or without bonuses is extremely low level for finance firms--- heck, ENTRY LEVEL finance lecturers earn more than 100k at universities in the United States. Where are you getting these numbers? Same place you are getting the TA department info?? To the best of my knowledge, there is very little, if any truth to what you are saying in such a verbose manner--- beyond the 5th grade level stuff below -- please read and educate yourself thanks
By the way http://www.technicalanalyst.co.uk/category/latest-research-and-commentary/page/39/ From your friend MAXIME---- this is a newsletter that goes to the clients--- BNP DOES NOT TRADE FROM THIS INFORMATION--- it is used to entice the clients to INVEST MONEY in other words MARKETING.
yes, the positions may still exist, but they are used to CREATE MARKETING such as the above newsletter NEVER to make trading decisions----
DO YOU UNDERSTAND THE DIFFERENCE BETWEEN MARKETING AND actual RESEARCH ??
For as talented you are as a writer, you are extremely naive about this business.
Hampton
Last edited:
Idiot, entry level doesn't pay more than 100. Surf lives in fantasyland.
In the real world, it does, big guy-- anyone with a decent degree from a respected school can expect $100k plus to start at any large finance firm/ibank.
As do most first year academics at university but it does take a minimum of a PhD from a top school-- which most academics have.Or they would not be academics duh.
Heck, my finance profs earned $250k--and only taught 3 courses/semester plus summers off. Wonder why it pays ? Because it has to since industry pays the same/and often much more.
Last edited:
Highly doubt finance professors bring home 250k teaching 3 classes a semester, but whatever.
surf, you already know I have relatives in the business working in Europe. I also have a few in the Montreal area.
1) Income levels accurate info
2) Job titles accurate info
3) Name of top financial firms accurate info
Also, I will say another thing I notice that was odd. The TA site link I posted...they use to post more "background" (e.g. university education, prior work experience and such) but not anymore unless you research these people on linkedIn. Its almost as if they don't want to share to much information about their backgrounds. Last time I saw such happen was a few weeks after 911 and I was visiting friends in Chicago...folks scared to talk about their jobs and firms.
My point, seems like the business is toned down and using more descriptive titles being used in an odd way as I stated before.
Seriously, a job title being used like "technical analysis/quantitative research". I don't know if that's good or a oxymoron statement.
Regardless, that doesn't sound like a "marketing job" to me. Also, I have not heard of someone making 6 figure income as an entry level position but I'm sure they are out there.
BNP does use the information...not sure why they would pay someone specific 137k per year to be a paper weight for 12 years plus performance bonuses. She's never seen any of her research reach a firm's client. Thus, no enticing, no newsletter, no pretty legs to walk around the office to keep things a little more interesting and she doesn't even have the quantitative research title glue to her "technical strategist" job title.
She'll be in town for the holiday's (in a few days). I'll ask her why is her firm is paying her all that money to not do the things you've described...maybe its her academic background ?.
Heck, they even paid for her to move from Hong Kong to London. When was the last time you heard of a top company doing that for a entry level position.
P.S. Seems like you're upset there's an actual link to TA/Chartist that briefly discusses what firm they work for with all those CAPS you're using. Guess what, you're going to get more upset when you find out more about their careers if you look them up on LinkedIn.
P.S.S. My dry cleaners owner make 185k per year. Simply, anyone can find someone out there that makes more money than a TA/Chartist. Heck, my real estate agent makes almost 7 figures and she uses CHARTS to monitor home prices so she can make better recommendations. Simply, I can sit hear all night and name jobs that make more money than my cousin's salary...
Still doesn't take away the fact she has a job in the industry...info the thread starter is interested in finding more information about (job opportunities). You're not the thread starter and obviously NOT interested. Now STFU.
Last edited: