Hey TradeViper, Thanks a lot for the insights! They posted a job looking for a chartist/technical analyst and I just applied for it actually. They didn't screen through much of my transcript but more of my commitment and interest in the financial markets and how much of a team player I was. That was pretty much it. Apparently there isn't much sales for this particular job as they already have a regular pool of clients I'm guessing and they do have a sales department I think. I did ask them if they used fundamentals but apparently they are strictly based on TA to build a big picture of the entire market. Still would be trading my own account because ultimately I do not wish to rely on a firm as a main source of income. Trading has never been easy I'd say and many times I felt like giving up but somehow managed to power through all of it and starting to see some positive results. Thank you again for all valuable input! Cheers!
We learned at school: God is everywhere. But my experience is that David goodboy is everywhere. God used however only one alias while David Goodboy has dozens of them and number is still rising. For me they both have one thing in common: they both tell nonsense. Or at least things that are irrelevant while living on earth. I must however agree that technical analysis got him nowhere. So from his personal experience he is right. But the same is true for an analphabet who says that it is impossible to read or write.
Hey Southampton, I do have plans to take up the certification whilst in this job actually. Probably would do so even more since you've pointed that out! Cheers!
Hey SimpleMeLike, They do not have a trading desk as there would be a conflict of interests but they do not have any qualms with employees doing their own trading. Trading my own account shouldn't be much of an issues but I've yet to try it while working. Reason being I trade on the slightly higher TF i.e. 1HR and above so checking out the charts in the morning/noon and night should suffice I think. Cheers!
Many thanks to everyone who have given your valuable input! Definitely opened my eyes and options to this line. Could barely find zilch on the net regarding technical analysts/chartists but you guys have certainly blown me away with all the info! Cheers!
http://www.ggu.edu/programs/finance/graduate-certificate-in-technical-market-analysis GRADUATE CERTIFICATE IN TECHNICAL MARKET ANALYSIS Golden Gate University's nationally prominent graduate Technical Analysis program was founded and developed by Professor Henry Pruden, one of the leading authorities on technical analysis education. The program is designed to enhance the professional capabilities of traders, advisers, portfolio managers and brokers in stocks, bonds, derivatives, and commodities. Our nationally known practice-experienced faculty are uniquely advantaged to teach the latest in investor psychology and behavioral finance as well as the classic techniques by R.D Wyckoff and by Edwards and Magee. Reflecting the growing need for professional credentials, the program is aligned with and helps prepare students for either the Chartered Market Technician (CMT) or the Chartered Financial Technician (CFTe) examinations.
This association is packed with Technical Analysts who work for financial institutions. https://www.mta.org/#
The people who buy trading systems are the last people who should actually buy them cause when markets change, you have to have the experience to adapt. Recently Indexes making new all time highs and I changed the risk on those systems to less as the swings have reduced, why risk 3.00 when you can risk 2.00 during first 40 minutes. But new people have to learn much of how emotions are of overall market place cause that is what a chart is in my warped mind. Starting with 1800's, it was on emotions of not being on board of some 3 cent swing in wheat and has continued on till 1970s when programmers seeing patterns of triangles based on emotions or reasoning of getting in on trendlines for bounce back. It all TA, and OP working at a prop for short while, he either didn't learn enough like it is better to form a huge enough nestegg before going out on one's own, but like too many who think this is going to be easy to trade for oneself. Trading should encourage all to have open mind and yet many are like in concrete, just cause one can't understand it, maybe it will give you an idea for something else. 8 days to cleaning gift wrap.
Your welcome. I would say go for it. As long as you can trade your personal account and continue your trading career, all is good. Double Income!!
a technical analyst/chartist = sales position. I also used to work for a U.S global research and marketing firm and there I had to conduct both secondary and primary research for outstanding firms in certain industries. Now I utilise that skills for my trading. If you have superior information analysis skills, better utilise that skills for trading.