12/26/16

Hello. New to this forum.

Had a simple question since I am feeling unnecessary pressure from a "peer" of mine. He has the CFA, series 7, and 63 where as I have the 7 and 63. I have no plans to manage money and am only interested in getting my foot in the door as a jr. trader. I see the series 57 is usually a requirement along with the 7.

Does anyone have experience if the 7 is good enough to be a jr trader? I have the opportunity with my current company. I just want to know how much the CFA applies to me If i have no plans on managing money.

Comments (7)

12/26/16

Trading and managing money usually imply different things. Managing money typically refers to wealth management and planning for retirement and maximizing the value of an estate, trading is what you think of when someone is behind 6 Bloomberg terminal swings trading on volatility, swings, and other technical indicators.

None of these certifications will make you a good trader/manager as they teach you just the basics. To be good at either of these it takes years of experimenting, sticking to strict investing strategies, and continual learning.

Financial Modeling

12/26/16

Right. But I meant getting my foot in the door. Is 57 a requirement when i have the 7/63? Trading wise.

12/26/16

I'm not the guy to answer this.

12/27/16

Yes it is a requirement... You need to sponsored... you can't get it yourself.

12/26/16

Depends on the product. The series 57 is usually necessary for equities trading

12/27/16

Not true... Don't make stuff up.

1/11/17

When the rich wage war, it's the poor who die

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