jack hershey
Registered: Feb 2003
Posts: 7373 |
11-01-12 07:13 PM
Quote from the1:
I think a PhD with an emphasis on trading is a good idea but I wouldn't do it in Economics. I would do it with a Mathematical Emphasis with courses/research in the area of Stochastic Calculus, Time Series Analysis, Computational Finance, and such. I have a Master's in Quantitative Finance and you could probably say I have a PhD in Quantitative Finance, based on the years of experience I have and research I've done.
If you're working with Excel I'd suggest you scrap that program in favor of Eviews. It's far superior to Excel. It's not cheap but read through the list of features it has and I think you'll see it's worth every penny. I use this program extensively.
http://www.eviews.com/EViews7/ev7features.html
The market behaves more like pregnancy.
The seed is planted and sets of Order Of Events ensue.
Thus systems emerge and at any point in time, especially the Present, it is always known with certainty just what the status is.
Markets have very few variables.
The majestic element that brings closure to the use of statistics is granulaity of the market variables.
The world of advanced studies on markets has not yet grasped the fundamentals and then the building blocks of market systems.
The financial industries primary focus is on sales and marketing and bonuses related thereto.
Money can be used as more than a commodity.
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