Undercapitalization & FX jobs

Hi all,

It would be interesting to see through an anonymous poll what is the distribution of amounts traded by us, retail traders.

i personally beleive that a large majority trades with small amounts and therefore the temptation is high to use excessive leverage (I also consider excessive leverage to be extremely detrimental to one's account as it gets you emotionally involved in a trade and cannot obey strict MM rules).

But what I am interested in is this:

- how can you get a jobin the FX industry as a trader/ analyst as there are very few jobs in FX for retail traders,

it seems banks are not doing this kind of staff, hedge funds want statisticians, programmers, etc. If also you are not living in London, NY or Tokyo the slim chances get even slimmer.

so what can one do to have a job as a trader/ analyst, it seems to me we are only being shown the far away bright lights of a city that is unreachable.

i am very interested in your feedback, thanks a lot!

There's very many jobs in finance and fx industry. Big institutions as banks and hedge funds are looking for specialists all time. The main issue why the most of people trading fx even profitably don't get jobs is education.

Serious and big finance institutions need educated people with degrees like Master of Finance (MFIN) etc. Otherwise you just have to work as a individual trader or set up your own trading firm or a hedge fund.

If you are a consistently profitable and successful trader, I will recommend you to just trade as an individual. First you just have to cut your expenses and have an other part- or full-time job. When you have enough money to trade as an individual, just do it.

I recommend you to read Alexander Elder's book "Trading for a Living".