EMG, you are partly on to something, but to a significant degree you confuse cause and effect.
High intelligence, work ethic, and competitiveness are all characteristics that great traders have in common. In particular, intelligence and creativity are mostly inborn characteristics that can't be altered in a significant way. Individuals with a high level of these qualities often have the academic qualifications you are touting - yet this is not always true.
What makes a great trader are inborn characteristics, for the most part, just like any other performance oriented field where there is a high hurdle rate to success. Taking classes on "trading' or being taught how to trade in an academic setting is entirely unnecessary and misses the point.
You also confuse the qualifications and qualities required to make money in an elite corporate setting, vs. the ones that are required to trade profitably in a prop situation. They are not the same thing, though they do have a certain important things (intelligence, competitiveness) in common.
Your basic point, that people who are into get rich quick schemes and overnight riches courses are not really in the game, is accurate.
Edit to add:
I will modify your naive statement:
"Higher Education is the key to become a successful traders!"
To:
"High intelligence, creativity, and a drive to succeed are the keys to becoming a successful trader - If you have enough of these qualities, you can get rich with a very high probability in trading or any other creative/technical business"
More wordy, yes, but far more accurate.
High intelligence, work ethic, and competitiveness are all characteristics that great traders have in common. In particular, intelligence and creativity are mostly inborn characteristics that can't be altered in a significant way. Individuals with a high level of these qualities often have the academic qualifications you are touting - yet this is not always true.
What makes a great trader are inborn characteristics, for the most part, just like any other performance oriented field where there is a high hurdle rate to success. Taking classes on "trading' or being taught how to trade in an academic setting is entirely unnecessary and misses the point.
You also confuse the qualifications and qualities required to make money in an elite corporate setting, vs. the ones that are required to trade profitably in a prop situation. They are not the same thing, though they do have a certain important things (intelligence, competitiveness) in common.
Your basic point, that people who are into get rich quick schemes and overnight riches courses are not really in the game, is accurate.
Edit to add:
I will modify your naive statement:
"Higher Education is the key to become a successful traders!"
To:
"High intelligence, creativity, and a drive to succeed are the keys to becoming a successful trader - If you have enough of these qualities, you can get rich with a very high probability in trading or any other creative/technical business"
More wordy, yes, but far more accurate.
