Matt, NZ wrote to me, asking about the company I work for;
Mark, Firstly, how’s the job going? And secondly, would you recommend them as someone to begin a career in day trading? I coming to Canada in the next year and fancy having a go at it, or trying my hand at some form of financial trading to earn money.
When I was looking for work to do on our arrival in Canada, I came across an ad for people looking for a career in equities trading. I was curious, had no other job lined up, so thought I would give it a go.
I am now in my 6th month of "day trading", and finally getting profitable. One word of advice; never underestimate the length of time or amount of cash you are going to need to start a career day trading.
Would I recommend it? I think it’s worth a go, to see if you have the right frame of mind to do this sort of thing. And trading for the firm I currently do, although you earn no money until you graduate, you are using their money while you learn. That alone made it a go-er for me.
If nothing else you may learn a few things you can take to the markets yourself. I can now trade with a little more understanding and do so on the forex markets, equities and spread trading in the UK when I am there. It beats having a real job, but you may need to learn a thing or two before setting out on this kind of career. It really isn’t for everyone.
But, if you want to do it yourself, I would strongly recommend a practice account, to see if you can get a feel for the markets.
Hope this helps.