Isnt a service career more satisfying then trading? | Page 5 | Forex Factory

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Isnt a service career more satisfying then trading?

  • #81
  • Dec 29, 2009 12:55am Dec 29, 2009 12:55am
Quoting kingfisher

This is the beauty of service career- Expected certain salary.

I am thinking to enter workforce in the year 2010 and rise to leadership position by 2020 in my choosen field of internal auditing.
.
The beauty of a service career - Guaranteed to be unemployed by 40 as younger and cheaper meat come into the daily grind

Never quite making the leadership position by 2020 and then having young 20 year olds telling you that you have no future in the company.
  • #82
  • Edited 3:43am Dec 29, 2009 3:41am | Edited 3:43am
Quoting kenkomo
The beauty of a service career - Guaranteed to be unemployed by 40 as younger and cheaper meat come into the daily grind

Never quite making the leadership position by 2020 and then having young 20 year olds telling you that you have no future in the company.
Death and taxes are the only thing Guaranteed in this life. LOL
  • #83
  • Dec 29, 2009 4:08am Dec 29, 2009 4:08am
Quoting kingfisher
move higher from executive to manager to director position.
Right. Keep on a path of constant improvement and accepting greater responsibility as you go. You will remain valuable and an asset that way.
Most who end up shit-canned are dead weight.
  • #84
  • Dec 29, 2009 4:22am Dec 29, 2009 4:22am
i'm working full time and trading part time. And i never imagine to become a manager or director. One of the managers also do trading part time. We can't wait to do trading full time.

I'm not an 8-hour-a-day trader. I spend just few minutes per day to trade. That's why I prefer to be a full time trader.
  • #85
  • Dec 29, 2009 7:22am Dec 29, 2009 7:22am
Quoting kingfisher
The global GDP at the start of year 2000 was $ 32 trillion approx.

The global GDP at the end of year 2009 is around $ 60 trillion approx.

From year 2000-2010, the world added $ 28 trillion goods and services.

Someone who entered the workforce at the start of year 2000 should have progressed in career in last 10 years because GDP growth creates new jobs in services, manufacturing and agriculture.

This is the beauty of service career- Expected certain salary.

I am thinking to enter workforce in the year 2010 and rise to leadership...
How much of that GDP increase was due to the increasing mortgage backed security market? my numbers say ~30%
  • #86
  • Dec 29, 2009 9:21am Dec 29, 2009 9:21am
Quoting kingfisher
The global GDP at the start of year 2000 was $ 32 trillion approx.

The global GDP at the end of year 2009 is around $ 60 trillion approx.

From year 2000-2010, the world added $ 28 trillion goods and services.

Someone who entered the workforce at the start of year 2000 should have progressed in career in last 10 years because GDP growth creates new jobs in services, manufacturing and agriculture.

This is the beauty of service career- Expected certain salary.

I am thinking to enter workforce in the year 2010 and rise to leadership...
You are looking at the service sector through some rose-tinted glasses, especially given what has happened in the past decade...
  • #87
  • Dec 29, 2009 10:15am Dec 29, 2009 10:15am
Kingfisher,

This statement says it all "This is the beauty of service career- Expected certain salary."

So you are not truly looking for the other things you mentioned such as office friendships etc but rather money as is everyone else here. In your case you would prefer certainty over uncertainty. I can understand that. It is not what I subscribe to but it is the norm and an acceptable aim.

Expected certain salary, "guaranteed pension, etc does have it attractions. You also state that you wish to be an internal auditor. I have two uncles who are internal auditors at international banks. It is all about controls, risk aversion etc and it is not a career for someone with an entrepreneurial bent.

I have grown companies very quickly and to very large numbers (100 employees to 3000 employees, $20million revenue to $800 million revenue) and it is all about the entrepreneurial spirit. At the same time I have had numerous people who worked for me with what i will call an internal auditor bent. They were very valuable and extremely important to me but they could not and would not be able to grow the company.

One of the more important things in life is to realistically assess who you are, what your strengths and weaknesses are, to play to your strengths and to surround yourself with others who can shore up your weaknesses. I believe that you have realistically assessed who you are ... an internal auditor but you have not fully comprehended what that may imply.

You could become a good trader with a very mechanical system and you would be ruthless about following the rules but you would have issues with losses and may become paralyzed by over analysis.

I do not know your background but it also appears that you have a cultural bias to a service career. This can be strongly seen in the Indian sub-continent or in several cases where the British schooling system is the primary schooling (yes I know that I am stereotyping here and I apologize in advance to the international community..coincidentally both of my uncles who are internal auditors are English while I am Canadian).

So to the question that you raised with your first post...isn't a service career more satisfying???

Off course it is more satisfying to someone who is attuned to it. Just as building bridges is more satisfying to an engineer or creating music is to a musician.

There are those who trade because it is more satisfying..there are those who trade for the money...there are those who trade because if they did not then they would find excitement in gambling or some other other vice..there are as many reasons why people trade as there are people.

Now you just have to find your reason why you trade. Weigh that reason off against everything trading brings to your life and see if it is worth the effort. If it is not then stop trading and invest the time and intellectual capital ( as well as actual capital) into something that you deem worthy.

You only have so many breaths in your lungs... do not waste any doing something that you do not wish to do.
  • #88
  • Mar 3, 2010 2:57am Mar 3, 2010 2:57am
Quote
Kingfisher,

This statement says it all "This is the beauty of service career- Expected certain salary."

So you are not truly looking for the other things you mentioned such as office friendships etc but rather money as is everyone else here. In your case you would prefer certainty over uncertainty. I can understand that. It is not what I subscribe to but it is the norm and an acceptable aim.

Expected certain salary, "guaranteed pension, etc does have it attractions. You also state that you wish to be an internal auditor. I have two...

Thanks Flyer. Yes i have been brought in British culture and UK economy is a primarily a service economy. So students aspire for good jobs in service sector.

I salute your entrepreneurial spirit. It is a great achievement to head a $ 800 million company.

Internal auditing is a boring profession with lot of paper work but at the end of the day, it will keep me busy, will pay my bills, will help me to network with office friends, will increase my confidence and as global economy grows, my career can grow.

Your reply was an outstanding reply and thank you very much for your precious guidance.
  • #89
  • Mar 3, 2010 3:03am Mar 3, 2010 3:03am
Quote
How much of that GDP increase was due to the increasing mortgage backed security market? my numbers say ~30%

Thats scary. World is loading up debt to drive growth !

US GDP at the end of 2000 was around $ 7 trillion. By the end of 2009, it was $ 14 trillion.

So, you mean to say US growth was artifical by taking up mortgage debts.
  • #90
  • Mar 3, 2010 5:06am Mar 3, 2010 5:06am
That's right.

Quoting kingfisher
So, you mean to say US growth was artifical by taking up mortgage debts.
  • #91
  • May 20, 2010 3:14am May 20, 2010 3:14am
Honestly as a future trader having my own working times is perfect
(sleep-disorder). Next to that i tend to dislike other people (social-disorder). If that ain't enough reason, i see trading as a step to empower myself and fulfill my dreams. May it be writing, directing or drawing, i need financial independence to achieve my goals.
  • #92
  • May 20, 2010 4:00am May 20, 2010 4:00am
I gave up my fulltime job to trade Forex a few years ago. It was definitely worth it ! Now I make many times more $ on good months, speculating in the Forex market.
  • #93
  • May 20, 2010 4:28am May 20, 2010 4:28am
Quoting kingfisher
I have been trading for last 3 weeks live. I am a student trying to become an internal auditor. I feel service career is more satisfying then a trading career.

I am trading all alone in my room sitting in front of my PC for 8-10 hrs a day. Trading does not involve any social skills, no friendship circle (like office friends), no value addition, no career skills.

In a service career, i will interact with so many office friends, will have a well defined career, can visit different places for assignments and will have overall satisfaction and...

maybe we are now almost in the same age, i'm still student too, and 1 year ago i do have same problem as you, confuse...but i have dream, and with forex i could get that...
so ask to your self, what do you want, we here (other trader) only give small picture, you are the artist, you know all picture that you want to draw..so make it.
good luck.
I will be the number one Manager.
  • #94
  • Jun 3, 2010 3:56pm Jun 3, 2010 3:56pm
Quoting kingfisher
I have been trading for last 3 weeks live. I am a student trying to become an internal auditor. I feel service career is more satisfying then a trading career.

I am trading all alone in my room sitting in front of my PC for 8-10 hrs a day. Trading does not involve any social skills, no friendship circle (like office friends), no value addition, no career skills.

In a service career, i will interact with so many office friends, will have a well defined career, can visit different places for assignments and will have overall satisfaction and better...
Just read your post today. I guess, just like every single career, it really depends on who you are. I have worked more than 10 years in the service career, I find trading to be lot more rewarding.

The most important, you are in control of your life and financial well-being. You decide how much you want to make and when and no one else. The sky is the limit. You are not dependant on others' opinion or actions.

There is no office politics, no commuting in sub-zero temperature, no nosy and yet incompetent bosses breathing down your neck watching everything you do, no negociation or begging to take vacations or for how long

On ther other hand, Trading teach you about career skills: Patience, Perseverance, Self-Motivation, Research and Analytical, Organization, Priority-Setting, just to name a few

Value addition aside from the Financial Reward: We traders are actually an integral part of the market. We provide 1) Price completeness 2) Liquidity to the market (to our limited capacity) and 3) Price Information

So, if you enjoy service career better, good for you! but trading is lot more than what you think. I didn't realize this until I became a trader.
Make your losses in demo. Earn your profits live.
  • #95
  • Jun 7, 2010 10:00am Jun 7, 2010 10:00am
Quote
ust read your post today. I guess, just like every single career, it really depends on who you are. I have worked more than 10 years in the service career, I find trading to be lot more rewarding.

The most important, you are in control of your life and financial well-being. You decide how much you want to make and when and no one else. The sky is the limit. You are not dependant on others' opinion or actions.

There is no office politics, no commuting in sub-zero temperature, no nosy and yet incompetent bosses breathing down your neck watching...

Thanks Forexia. I agree with you. Trading is best business in world. It is best career in world.

But in my situation, i am not able to pay my bills while trading. I think i will start a job, work my way up and keep practicing trading on every day basis.

I have been watching stock indices for few months now and i think thats my true calling. So, i will continue to practice while working full time.

I think trading is all about practice. If i can practice for 10 years (thats about 2200 sessions), it will make my brain ready to handle volatility and tune it to a trading mindset.

Yes i have a dream that i can some day trade stock indices future full time.
  • #96
  • Jun 7, 2010 3:06pm Jun 7, 2010 3:06pm
You have a dream !! I think I know a song about that!!!

I like your comment about 2200 sessions, it's 'How to eat elephants?', break them down into little pieces, I approach just about everything like this now, basic jobs even - split them in halves and halves again, then a two day job becomes a much easier 4 sessions and stick at each sessions, then after you've done enough sessions your job is complete, no different with forex I think.
  • #97
  • Last Post: Jun 7, 2010 3:33pm Jun 7, 2010 3:33pm
Quoting kingfisher
Thanks Forexia. I agree with you. Trading is best business in world. It is best career in world.

But in my situation, i am not able to pay my bills while trading. I think i will start a job, work my way up and keep practicing trading on every day basis.

I have been watching stock indices for few months now and i think thats my true calling. So, i will continue to practice while working full time.

I think trading is all about practice. If i can practice for 10 years (thats about 2200 sessions), it will make my brain ready to handle volatility...
Hey! I read your recent post about your situation. I responded to that too. I agree. Fou right now, finish your studies, getting a job and trade part-time is the best course of action.

Once you have accumulated some experience and $$, then you can trade full-time. By that time, you will actually see very naturally full-time trading is your next career move and everything just falls into place.

You are still one of us, regardless if you trade full or part-time!
Make your losses in demo. Earn your profits live.
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