Quoting Rusty_forexmanDislikedWe all know we can hit good trades a lot of the time. You probably could hit winners 4 out of 5 days in the week. It what we do during the 5th day that counts.Ignored
Thanks,
Nader
1
Quoting Rusty_forexmanDislikedWe all know we can hit good trades a lot of the time. You probably could hit winners 4 out of 5 days in the week. It what we do during the 5th day that counts.Ignored
Quoting Rusty_forexmanDisliked... I recommend it - trying to get experience at a larger firm before starting out from scratch as a private trader - its extremely hard to land a job inside...Ignored
Quoting CHECKstarDislikedI can attest to the difficulty in trying to land a trading job. I'm currently working for another major Australian bank in the FX back office and am trying to make the move to a front office role. Got close a couple of times, but despite my education background and work experience, its been very tough (in fact, probably the hardest thing I’ve tried to do so far!). Still, I havnt given up!Ignored
Quoting Rusty_forexmanDislikedKeep in their champ!
The banking industry especially in developed Western-English speaking countries like Australia, UK, US, Canada, NZ - it's very much a boys club.
In Sydney, its all about which GPS highschool you went to, how many of the old boys you know - and which rugby club you play for.
When i got the job on the cash desk, I was playing Club Rugby at top level in the Sydney club competition, went to a private school on the Northern beaches, and happened to know some old boys who worked at the bank i was applying for.
But thats just to get your foot in the door.
One your there, you have to do a look of arse cleaning, for a lot of the senior managers in the bank - on top of being a good performer.
Its, unfortunately, about who you know, not what you know.
If you really want to get up there, go out to beers with the managers in the evenings, join the in-house sporting clubs. etc.
Checkstar - are you in Australia currently? Have you tried going for a course at the FINSA?? Its not a university degree, but all the courses there are recognised amongst the banking and finance industry.
We use to have a guy on the fixed income desk, who dropped outta school in year 10, and didnt do a day at university. But did a course at the FINSA, and his driving an Aston Martin DB9 to work everyday. It took him a little longer to get where he is - but his there, and doing very well.
Cheers
RustyIgnored
Quoting Rusty_forexmanDislikedCheckstar - are you in Australia currently? Have you tried going for a course at the FINSA?? Its not a university degree, but all the courses there are recognised amongst the banking and finance industry.Ignored
Quoting CHECKstarDislikedHey Rusty,
I have done a Honours Degree in Economics (finished in 2003), and have just competed in April the FINSIA Grad Dip of Applied Finance. Loved the course - didnt like the institution - always after money!
It was through that course that I first got a taste for trading, and for that I will always be thankful.
I am currently in Melbourne, the Bank for which I work for has their back office in Melbourne, but most of their front office is in Sydney. We have great relations with our front office, but the fact that we are in different cities makes it that much hard to get in!
I was up in Sydney late last year to go for a job on our Commods desk, (missed out to somebody from the commods back office - i handle fx) and also interviewed for a job on the AUD cash & funding desk (based in Melbourne). (If you know the Melbourne industry, good chance you can figure out where I work!). The big problem is that entry level trading jobs are just so few and far in between where I am.Ignored
Quoting narafaDislikedWhat about CFA holders???
Thanks,
NaderIgnored
Quoting Rusty_forexmanDisliked...unless your with NAB (who are based in Melbourne) your going to have a tough time.Ignored
Quoting Rusty_forexmanDislikedHow was that Grad dip at the FINSA? I completed a degree in Mathematics and Finance, and am thinking of getting further education. But i think attending the FINSA will be too much of a hassle. What do you think?Ignored
Quoting Rusty_forexmanDislikedI think any accreditation from a major institution is viable these days.
Its all about what kind of person you are, and if you can handle the role.
But i would think an Accounting background would help tremendously, it is a numbers game ...Ignored
Quoting old dogDislikedDo you think Macquarie would slap a writ on you if you went out and got yourself a Ghost writer to work over your memoirs and polished them up into a snappy little paper back retailing for $45.Ignored
Quoting old dogDislikedYou know Rusty, you might have something there.
For instance, there are lots of books by academics about markets and their dynamics, there are books by and about successful traders, ("Confessions of a futures trader", by Andrew Lythgo, an SFE local by the way,), but the one book that's really missing and would be a red hot seller is, "Confessions of FX bank Dealer". That and of course "Confessions of a Central Bank Dealer"....are the real McCoy!!!
Do you think Macquarie would slap a writ on you if you went out and got yourself a Ghost writer to work over your memoirs and polished them up into a snappy little paper back retailing for $45.
That all purpose footballer/tv personality/journo/and book writer...Fitzy would be just the guy to do it....Why don't you give him a bell at the SMH?
You'll make a bomb.
Check Lythgo's book out for style and content...that's if you haven't read it yet.
Go you good thing!!!Ignored
Quoting fxwinDislikedRusty, thank you so much for all the information from "the other side of the platform...".
Still, there is a question that keeps bothering me regarding the leverage.
Who actually give us the leverage? Is it the broker? or the interbank?
Thank you and have a succesful tradingIgnored