CFT by the IFTA (International Federation of Technical Analysts)
Hello everyone,
I'm currently a freshmen at CUNY Baruch college located in New York, NY and am an aspiring trader. My major is Statistics/Quantitative Modeling and so far, I'm fortunate to know that hedge funds don't typically extend employment offers to students right out of undergraduate school and S&T at IB firms is in structural decline and not as personally attractive to me as proprietary trading is due to major differences in corporate culture, trading ability and especially performance compensation. My dream is to be recruited by firms like First New York, or perhaps even Trillium since they are primarily directional traders rather than market makers. (Much more exiting in my opinion but I'd love to be proved wrong) Can any proprietary traders or professionals in the trading industry(Prop,S&T,Hedge Fund) please be so kind as to give me advice on whether it's worth it to pay $1,400 to take 2 tests and become a Certified Financial Technician under the IFTA by my Sophomore year?
I apologize for the post being so long but I just wanted to give everybody the best detailed description I could.
Thanks!
no
Could you expand on that with an explanation?
Thanks
Because it is not worth it and does not add any value or real knowledge. Open a trading account put a small amount of money there, do your research and trade, you will learn much more and if you get an interview you will be able to mention that and provide examples of trades you made and reasoning behind them. Everything that you need to know about technical analysis can be found via google. Firms which you mentioned do not use technical analysis and it will not add any value during an interview. If you are majoring in Statistics you should have much more instruments available to create a decent approach to trading. Learn macroeconomics, this will also help.
Also don't write off S&T immediately. Some of it still takes directional bets and the BB brand is nice to have.
Learn technical analysis, it works and traders use it all the time in BB firms.
If you are a real trader, you'll know that
I would disagree with some of the comments before me, discouraging you to get certified. I've passed the STA Level I exam and it was WORTH IT. Unless you're certain that you will never make ~$1400 trading, then you should go for it.
Natus dicta eum vel incidunt omnis et est. Ipsum qui numquam qui sunt sit iure voluptatem. Deleniti quo repellat vero provident similique exercitationem rerum alias. Ut nam ducimus ut ea quia. Minima reprehenderit blanditiis explicabo ut deleniti.
Officia recusandae et aperiam repellendus reprehenderit sunt earum. Sed rerum non asperiores itaque aut sit architecto velit. Atque ducimus quia ullam sint. Rerum dolore similique numquam. Qui et minus nisi qui rem rerum. Dicta voluptates a molestias provident beatae odit.
Ducimus rem id aut et ratione est est id. Qui vitae doloribus alias excepturi. Deleniti consequatur tempore ut et. Aperiam quo non est cupiditate accusantium. Exercitationem error neque aut accusamus cupiditate qui. Aspernatur tempore veritatis voluptatem nisi deleniti reiciendis voluptatum.
Odit sit rem culpa provident. Error quia quia amet. Harum eligendi repellat cumque non maiores deserunt commodi. Et quos rerum aut velit ut. Inventore est qui accusantium et et.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...