Before you ask yourself this question, ask yourself these:
- are you strong enough psychologically to do this job? Indeed, it is an extremely strenuous job. You will find very little moral support from your family or friends. People don’t like traders. Most of us are thieves, thieves, thugs, thugs at the root of the economic crisis. And if we do not get out of this crisis, it is because we have not all been locked up, bank officials with it. In short, there is a great amalgam in all this but know that my mother is ashamed to tell her friends about my job…
- If you’re not afraid of that, that’s fine. Then there’s the guts you need to manage huge investments on a daily basis. I have already mentioned this, one of the primitive defence mechanisms is to consider that they are only figures, but it is a mistake to think that. Do you realize the stress of losing millions of euros and being held accountable?
- Are you ready to move abroad? Are you bilingual in English? Today, it is difficult to make a career as a trader only by staying in France.
- Are you a math cracker? Are you a computer cracker?
- Are you one of the best and most motivated? Since the crisis, it is no longer so easy to become a trader. The selection is much more drastic. So you have to be able to stand out from the crowd.
- You have to be prepared not to win 200,000€ from the beginning. You will have a base salary of approximately €30,000 to which you will add your bonuses. If you are good quickly, you should reach a nice salary and hope to earn one day the same as the top 5 in the world.
There, I set the tone. If you ever feel strong enough to face all this and think you can sleep peacefully even while doing this job, then join our ranks.
How to become a trader?
To become a trader, you must obtain a baccalaureate 5 years of higher education in a high school or university. The subjects taught are very complete, including mathematics, computer science, economics, finance, etc. In each course, you must choose the finance option. The schools that train for the finance profession are:
- The leading business schools: HEC, EDHEC, ESSEC
- The major engineering schools: Polytechnic, Power Plant, Bridges
- Universities specialized in finance: Paris-Dauphine, Pierre and Marie Curie…
The royal way for me is to do a Terminale S, to do a prep school math sup / math spé then to integrate Polytechnique because this profession requires a high level of technical skills.
How to integrate a trading room?
Since the crisis, it has become a stronghold that is difficult to penetrate. However, if you have completed the best school career, if you have very interesting internships or VIEs and if you are convincing in interview (low taste, insurance but not hotheaded), you will find your place in the trading room, and if you cannot or do not wish to become a trader, you can become a broker which is a profession that does not have the same requirements. Or, if you have sufficient capital base, why not trade for your own account? In that case, read this article.