What will trading be like in 10 years and age questions
1) Will trading be a viable career in 10 years or will it all be quant stuff?
2) Can someone with no trading experience who is in his low 30s go through the training program or is this very unrealistic?
Serious question: How strong is your computer programming? If you don't want to do "quant stuff," then what other actual skills do you bring to the table?
I'm not a quant by any means... I'm a non-econ non-finance pure engineering major. That being said, there's no way I would have been hired by a prop shop two weeks ago, if I didn't have strong background in coding and have the potential to learn (but not do) "quant stuff."
Not necessarily asking about for myself, I mean will undergrads be able to go into these training programs as they do now and become traders or will it virtually all be for quants/grad students?
Will skills like quick math still be key (I think this is a big one now?) or will it all be computerized?
What was the field like 10 years ago? People were waving paper tickets in a frenzy to buy stock in AOL and Pets.com.
What will the field be like in 10 years? In 10 years they might have AI software so intelligent that makes all traders completely unnecessary! It's not possible with todays hardware, but in 10 years when they have computers that are 32x more powerful than todays, who the hell knows?
10 years is a long-ass time, for a field that is now waist-deep into computing, my friend. I follow the tech world with zeal and passion, and even I don't have the slightest clue what the next 10 years will bring for the internet, Google, Apple, Microsoft, Linux etc.
Trading, now being a field that depends on the most cutting edge computer software and hardware, is going to be extremely sensitive to everything that happens in Silicon Valley. There's no way for anyone to tell you what the field will be in 10 years because the Silicon Valley world grows exponentially.
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