Realistically, Are you becoming traders to make heaps of dollars, or is it a status symbol thing?
Neither. Money is certainly part of it, but the main reason is the personal freedom. I'm an independent retail trader, and will probably always be so.
They have 14 -30...at least it gives me an extra 5 seconds to answer the other 79 questions:.
Neither. Money is certainly part of it, but the main reason is the personal freedom. I'm an independent retail trader, and will probably always be so.
Also you want personal freedom? How is breathing, living, and working trading personal freedom?
You have contradicted yourself.
You have said neither, yet you admit your after the money.
Also you want personal freedom? How is breathing, living, and working trading personal freedom?
You have contradicted yourself.
You have said neither, yet you admit your after the money.
Also you want personal freedom? How is breathing, living, and working trading personal freedom?
Probably a lot.Does anyone know how much emphasis these proprietary trading firms (e.g. propex, optiver, tibra, liquid capital) place upon a university degree?
Yes. The second most senior person in FIG where I work doesn't have a degree.Is it possible to get in without a uni degree?
I know Mac Bank like it, I assume many others do too.Does having a double degree in say commerce/law help?
No idea why. They'd be a better career move. Maybe it's because they're not that prominent in Aus.Also, it seems there is more interest in these proprietary trading firms than the banks... Why don't people want to work for goldman sachs, ubs etc?
I imagine a trader with a great record will not have any trouble finding a position. I'm sure hedge funds etc would be open to it, although I'm going to guess that larger organisations prefer to groom their traders from the start, to be like a cog in the machine. Even if that is true, I'm sure there are exceptions anyway.
I did the non official version and got 25 out of the 70 (the minimum number correct required is 60 to get to next stage). And I'm not idiot at maths.. got over 90 in 4U last year...
http://www.dennisfleurbaaij.com/mathtest.php
Its actually 80 questions in 8 minutes. You have 6 seconds per questions!
48) 3:14 - 6:4 =
49) 86.4374 - 33.8868 =
50) 14 - 30 =
51) 55.7161 + 71.0029 =
53) 26 * 88 =
54) 527 / 31 =
55) 28.9442 + 61.3963 =
56) 39.7632 + 94.1182 =
57) 13:5 - 15:14 =
Here as an example of some of the questions...
The website randomly generates a set of different every time you load it...
Does anyone know how much emphasis these proprietary trading firms (e.g. propex, optiver, tibra, liquid capital) place upon a university degree?
Is it possible to get in without a uni degree?
Does having a double degree in say commerce/law help?
And out of interest, how many people here are currently at uni?
Also, it seems there is more interest in these proprietary trading firms than the banks... Why don't people want to work for goldman sachs, ubs etc?
Yes, there is a preference by HF's for those who trade their own account and demonstrate internal drive and willingness to learn.
Problem, is that most candidates strut in and act as if they know everything.
For sell side trading, there is a stronger preference to groom grads.
What does it mean to be an independent retail trader? do you work for a firm or for for yourself??
Here are some examples of job adds...
Assistant Trader
Employer: Barber Consulting
Position: Assistant Trader
Added: 08-Aug-2009
Closes: 30-Nov-2009
Commences: October 2009 - January 2010
Job Type: Full-time
Payrate: $50k-$75k
Location: Sydney
Details
PLEASE NOTE:
Additionally, you will have excelled in probability and be an excellent poker player.
This is truly a unique opportunity to maximise your potential as a trader.
I think i'm prefect for the job - i'm an excelent poker player and i'm a genius in probability - for example, the odds of me getting the job are 0%
If you can't join 'em, beat 'em.
Does anyone know how much emphasis these proprietary trading firms (e.g. propex, optiver, tibra, liquid capital) place upon a university degree?
Is it possible to get in without a uni degree?
Does having a double degree in say commerce/law help?
And out of interest, how many people here are currently at uni?
Also, it seems there is more interest in these proprietary trading firms than the banks... Why don't people want to work for goldman sachs, ubs etc?
Most of the jobs would probably require a uni degree unless you are incredibly mathematically brilliant...
in which case you would have a uni degree... I am yet to meet a maths genius that goes to TAFE
Used to be 55 a while ago... Looks like they're upping the ante.
Not that hard on the addition questions, but looks about right. Also multiplication is usually 2 digit x 2digit under 30s.
The day you finally realise its not just about raw maths scores and HD's is the day when you might actually have a chance at getting a job in trading.
As it stands, you are a long way off.
The day you finally realise its not just about raw maths scores and HD's is the day when you might actually have a chance at getting a job in trading.
As it stands, you are a long way off.
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