Trading as an acedemic endevour
- User's Account deposit and with draw option
- LET'S SAY THAT ...
- The great and terrible MT4 forever (or how to strategise a transition)
Is there such a thing as a bachelor, master's or Ph.D. in trading or a related field? What is the name of such a career?. are there good universities teaching this? or is such a massive enterprise of humanity purely an empirical/DYI one?
You need to study in the finance direction, assets etc. This is not a MUST. Then you can apply at some institutes, banks, hedge funds that will teach you, in my case, i did 2 years + 1 year PIT/PTM. Then you will be required to have a funded account of at least $50k, if you want to trade for the institute, otherwise they wont greet you. You can not trade with a small account, its a waste of precious time. You need buying power, and your acc needs to be able to take market punches. But yes....thats how you get into the professional world of trading.
Other than online courses, books, and tons of webpages, there seems to be very little specialized academic training on trading. Which is remarkable, given that:
1. there is a very large number of people engaged in trading.
2. most people seems to work on it out of knowledge collected over the web, or not knowledge at all, and
3. most endevours, even a plumer, electrician, engineers, etc. call for a large time dedication of specialized study.
Other than online courses, books, and tons of webpages, there seems to be very little specialized academic training on trading. Which is remarkable, given that:
1. there is a very large number of people engaged in trading.
2. most people seems to work on it out of knowledge collected over the web, or not knowledge at all, and
3. most endevours, even a plumer, electrician, engineers, etc. call for a large time dedication of specialized study.
Yes they call for a large time dedication of specialized study, thats why they succeed, unlike the markets where 95% of traders bleeds their accounts every day. We call it Experience/knowledge. Trained by professionals who has been around the block a few times. Not calling for, or rather suggesting to someone to study for something they want to be great in, is like you saying that you can do a certain job, you have the knowledge, years of experience, but not the qualifications, so they hire you and you start working amongst those who are qualified, and all of a sudden you realise how naïve you were in thinking you could do what a professional is doing. Those years of experience you have can be thrown away, cause you learnt by eye and ear, not by master and skilled trade.
There is a very big difference when someone has been trained by a professional, and someone who thinks they are just as good because they have the skill. In the world of trading, its the same. If you cant/couldn't figure it out till this very day, why 95% of traders lose money and blow up every day, it might be because of 2 reasons. 1. You never bothered asking why, and thought it was just bad luck, but the guy on YT will teach me, or Nr 2. You are just not cut out for it.
Trading successfully and being profitable in it requires a deep understanding of how prices are moving, what makes them move? Where are the market players, what are their positions? Where is the market makers, when are they coming in? What will they do? Why did that candle spike? there was no news? It requires you to be highly disciplined to make the best decision at the best time, it requires patience, to recognise opportunity and wait for it. It requires you to know when and why everyone else failed, so you can succeed. It requires you to have knowledge that 95% doesn't have.
Trading is not a world for the feint hearted. The market does not care if you win or lose, it has no emotion, only you do. There are many truths about trading that no one listens to, because only the 5% on the other side of the fence has an ear and they were willing to listen.
people are like, Hey, this guy is a coder, let him code me a robot, but they forget the fact that he has little to no market experience, no track record, no portfolio trading a live account. So, that coder is now supposed to code you an Ea that will do what exactly? Make you money? You can forget it, that wont happen, and if it does, you got very lucky, take your profits and run, because in the next market cycle, you will lose it all. An EA will only trade as good as the person who developed it, inside that Ea are strategies, and if you thumb suck those strategies, or do not know what you are doing, well..its a setup for failure.
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