Hello everyone I am new to the forum and was wondering what formal education the people here think is necessary or at least somewhat beneficial for someone who wants to trade for a living. Iâm just about to graduate high school and am not sure what university courses would be beneficial for me. I am starting to get more in-depth in my knowledge about the market so Iâm looking for more advanced classes about trading beyond simply the basics about just the stock markets and mutual funds. Thanks
Education of a speculator
- Thread starter jasonc
- Start date
... If you believe there is any other plan, then expect to blow up quickly.
I'm 19, started at 18. Still haven't made any money, but now have much experience.
So, just protect your capital and work hard and accept the fact that trading might not be your thing if it comes to that.
It would be advisable if you finished college.
Trading will always be here and has been here for the past 100+ years.
College is best done early on in your prime for your future job security.
A speculator is not a job you want to be,
To make a lot of money you do not speculate,
Please refer to how goldman Sachs 2 Billion NET this quarter make money
or Lehman brothers.
They do not speculate.
Speculation is a low end job for 99% of the people in that position. Just a step up from Las vegas for many people. Except it sounds better.
Go to college... Study Engineering. Take all the Probability and Statistics classes that you can. Dive right into the "higher" math. With good grades you will have loads of job offers for the rest of your life.
Trading is something you can do part-time... start with basic investing and perhaps a little "swing" trading. Day Trading can be boring as hell!
If you are determined to trade: After graduating "top of your class" in Engineering, apply to the top Business Schools. If you are truely gifted you will get into one of the top 10. Study finance and take all the "high" financial math and financial Engineering coarses that are offered. This will position you well for the hedgefund industry.
Keep "trading" in perspective. You have your whole life in front of you. Don't plan on spending it in front of some PC scalping pennies!
Trading is something you can do part-time... start with basic investing and perhaps a little "swing" trading. Day Trading can be boring as hell!
If you are determined to trade: After graduating "top of your class" in Engineering, apply to the top Business Schools. If you are truely gifted you will get into one of the top 10. Study finance and take all the "high" financial math and financial Engineering coarses that are offered. This will position you well for the hedgefund industry.
Keep "trading" in perspective. You have your whole life in front of you. Don't plan on spending it in front of some PC scalping pennies!
psychology. the market is influenced by the emotions of all the people involved.