DislikedI hope some of you are old enough to remember seargent Friday, an old detective series of the San Francisco police. It started like: "There is a million stories in the naked city."
Sorry guys I got carried away, but I am an old dog who in a late stage in his life started forex less than a year, living ago in Canada. They wouldn't let me trade in Canada because of my age so I trade in the States. on a
$2500US account of which I still have 2300. So I am probably the guy you talk to. My burning question is, how much of a degree do you have to have...Ignored
Csanyi,
While the term 'professional' has several meanings according to the Oxford dictionary, the one translation relevant to your questions is 'competent'.
I personally know some traders (who appeared in famous trading books), that said to me it does of course help to have a degree in economics for example when looking at some market relationships between countries for currencies, or supply and demand for commodities to name only a few.
But the level of 'competence' in trading does not depend on it as such - some posters referred to it already. It is all about building the level of knowledge about the product you choose to trade, its behaviour and more importantly about yourself. What type of trader can you be? Will you want to be in and out of the market very quickly - you mentioned your age group - or maybe have grown into a patient enough person to create your trades carefully more long-term?
Many things are 'possible' as I have tried to show with this thread - are they possible for you personally; only you will know. If you believe you can enjoy doing it, then you most likely can do it.
All the best to you.
H. Rearden