How does one become a professional stock souk trader?
What type of schooling or degree do you mull over is required to make a polite professional trader or investor? a cut above a home trader.Answers: Finance
Economics
Math
Business
You have three option:
- move to New York or CHicago and get a brief as a clerk in one of the Exchanges. The gross is small but the opportunities are colossal because you will learn the business from the ground up. Plus you achieve perks of other traders helping you out, apt deals on leasing or buying memberships, etc.
- catch an entry level livelihood in an investment dune and work your way up
- be in motion to college, get a PhD surrounded by statistics and go work within the Quant group of an investment bank.
That's it. Anything else, and you're stuck as a "home trader."
If you want to know why, check out my other answers to population asking how to get starting trading stocks.
By the means of access, most professionals are home traders, in that the competence of their trading is no different than the average home trader, so don't feel desperate.
Now by professional stock market trader do you anticipate someone who actively trades stocks each morning for profit? because if that is the travel case you do not need any formal teaching or even any licenses for that concern. What you will need is time and experience placing actual trades and watching the souk everyday. Read any book you can find on the subject and learn. And what is wrong near being a home trader? Isn't that the aspiration to be able to trade from the comforts of your own home and be successful.
What are the current holdings of brwix? 1/20/08?
Was thinking of buying some. However not knowing if they are hedged against a primary correction is tough. Thank you for any info. MacAnswers: Mutual funds don't report their holdings on a continuous basis - mostly only quarterly.
Do investment bankers in UK earn over £1 million a year (including bonus)?
Answers: Most analysts no, but in general, yes. Most UK bankers above the associate level make well over 1 million.
My wife is an investment banker, and whilst well paid..it isn't near the figures you quote by at least a factor of 10!!
Some exceptional performers in exceptional years might do..but normal earnings are much lower.
you're looking at purely investing companies that would pay that i.e Goldman sachs rather than a bank like Barclays or Lloyds. Goldman Sachs reported paying their employees an average bonus of 20 million last year. However, being in these kind of jobs you have to be fantastic, and even the fantastic don't last long as investing is a risk and everyone makes a mistake eventually. You are not allowed even one mistake in this industry and you potentially can lose someone millions.
However, even if you worked there for 6 months you'd have a nice tidy sum!