Trading full time - what do you think will happen?

[jersey10]

Good to hear from you jersey.

IMHO don't waste your time, nor money on a Masters. They are only useful if you are working and specialising in an area.

Sounds like you are more into the practical application, so no need for theory.

Cheers

G'day MRC,

This is partly why i decided not to do it - i felt my studying time would be better spent on actually studying trading and not generic finance / economics type stuff. However, two reasons as to why it is still on my radar:
1) i may like to work in this field some time in the future
2) i believe a base knowledge in finance / economics can be very beneficial even if you are a pure technical analyst. As you would know from The Chartist's analyses - yes it is technical analysis but comment is often made by Nick that relate to fundamental analysis / sectors / interest rates / oil etc.

Jersey

 

[MRC & Co]

Yeh, it is useful, one of my degrees is in Economics, however, you can probably learn most of the basics by just picking up a basic micro and macro textbook and reading it yourself.

Masters, generally focus on one specific area, so you will not really get a base understanding from what I am aware.

The entire process of Uni is more just for the paper so you can 'proove' you can research and present information at a University level. So definately helpful if you may want to work in the field one day, but other than that, I would say the things even someone like Radge states in his analysis are very very simple if you just learn the basics.