Career dilemma, Interested in Stock markets, Guidance seeked

#1
first of all hello to all fellow traderji community members.
Well I want to make a career in financial markets, and I want suggestions from senior members and also members who are professionally attached to financial markets on what I should do in order to achieve my dream.
My particular field of interest are forex and Fundamental and Technical analysis of Equity markets. Professionally I want to be a fund manager or of the same rank in a leading brokerage firm or bank.
I have completed my graduation (BBA(CAM) from GGSIP University) in jun 2008 and I am also doing MS(Finance)+CFA from ICFAI University hyderabad, I will also give CAT'09 and fairly confident of cracking it.Thats for academics.
Now what I want to know is that do i need to pursue some other course in order to be a better analyst. Also, I'll become a CFA by april, so want to know that whether there are brokerages or institutions which recruit trainees, as I want to gain practical insights into the field. Or, which firms should I approach or how do I approach them to get good practical experience.
Please help.
Thanks in advance.
 

S S

Well-Known Member
#2
Hi!

You seem to be shaping yourself as a Finance guy. However, I would prefer to comment by giving some examples.

We all come across doctors. But when the problem gets severe, we tend to go to specialists. Therefore, the first thing you should be deciding is to become a specialist…. In what line?

That’s where the example comes in.

Just suppose you are the National Carom champion [I said, just suppose. OK?]

But you don’t much like Carom. You like Cricket and want to be yet another cricketer like, say, Sachin Tendulkar.

Here, “Carom” is the game of your “Strength”
and “Cricket” is the game of your “Interest”

If you choose to ignore Carom and start playing cricket, no one could be sure, whether you could be a good cricketer, leave aside reaching the level of Sachin.

But if you concentrate on carom, your game of Strength, you could possibly be the International Carom champion.

Therefore, you need to find out… what is your strength, and NOT your interest.

And with the Strength identified, that is the line of your specialization.

My opinion, and I could be wrong :D

Cheers!
 
#3
well thank youvery much S S for enlightening me. And I agree with you that one should do sumthing in which he is best. And same is the case with me, I am great with finance, but I want to gain some practical knowledge of the field.
Let me make this clear by a real lyf example:
As we all know that broker's send tips to their clients, they're something like(as i have seen them) "Buy ICICI for 555.55, StopLoss:444.44, Target:666.66, Holding period 2 days". Now when I ask around ki how do one generate such tips, all i get to know is that it's through Technical Analysis. I have the Technical analysis subject in my CFA, when I went through the course books, it talked about various statistical techniques like candle sticks, moving averges etc. So what i want to know is how people generate tips using such techniques, how do they choose that yes this particular share is going to rise or fall.
So in general i just wonder how to use my bookish knowledge in practical life. Thats why I am seeking help from people who are into the trade and who can guide me on the right track...
 
U

uasish

Guest
#4
amitjha,

You want to know how they decide ? so if you know how they make their decesion then you can also open up a service like that,could not understand what is your aspiration.

Asish
 
#5
amitjha,

You want to know how they decide ? so if you know how they make their decesion then you can also open up a service like that,could not understand what is your aspiration.

Asish
Well, as I said in my first post that I want to make a career in financial markets. And yeah, I would like to know how they decide, but this is just one aspect of it. What i want is to gain a practical knowledge of what I have been doing theoretically. maybe you will get a better idea by looking at my first post.

And people thanks for taking interest in helping me out...
 

AW10

Well-Known Member
#6
Amit, Seems u know what u want to do (i.e. fund mgmt). Its good to have that focus. That means you have identified niche in Finanical mkt. Mentioning that I want a career in fin mkt is vague.. because fin mkt has 100 of role in it and one can excel in any of them. Fund mgmt is one of them, and tech analyst is another role. You can pick up more then 1 role in fin mkt domain.. but they need to close to each other.. so that u become master of yr niche..

Once decided, then explore what does fund mgmt means ;/ what does TAnalyst means// what they do / what knowledge skills are required / what courses and professional qualifications are availble in that niche. And go ahead and acqire them.

Buy/sell tips is very small part.. But if you read Tech Analysis and then read about Trading.. you will konw how to translate that knowledge of TA to practice of trading and make those trading decision.
Theres is no 1 method to make buy/sell call. Simplest that u will read is Moving average crossover.. Depending on the direction of crossover take a call to buy or sell.
But if you trade with that bookish knowledge, I can gurantee that u will loose money in the real mkt. There is lot more to trading then just taking buy/sell decision.

So focus on bigger picture and then start drilling down..to the details.
btw - IMO, fund manager might have great Tech analysts, great trader with excellent trading skills, lot of funds generated by marketing deptmt, excellent backoffice support to manage protfolio risk at their disposal.. So the job of Fund mgr is not to make buy/sell decision.. It is more of managing all the ingrediants and delivering the result.

Happy learning.
 
#7
Amit, Seems u know what u want to do (i.e. fund mgmt). Its good to have that focus. That means you have identified niche in Finanical mkt. Mentioning that I want a career in fin mkt is vague.. because fin mkt has 100 of role in it and one can excel in any of them. Fund mgmt is one of them, and tech analyst is another role. You can pick up more then 1 role in fin mkt domain.. but they need to close to each other.. so that u become master of yr niche..

Once decided, then explore what does fund mgmt means ;/ what does TAnalyst means// what they do / what knowledge skills are required / what courses and professional qualifications are availble in that niche. And go ahead and acqire them.

Buy/sell tips is very small part.. But if you read Tech Analysis and then read about Trading.. you will konw how to translate that knowledge of TA to practice of trading and make those trading decision.
Theres is no 1 method to make buy/sell call. Simplest that u will read is Moving average crossover.. Depending on the direction of crossover take a call to buy or sell.
But if you trade with that bookish knowledge, I can gurantee that u will loose money in the real mkt. There is lot more to trading then just taking buy/sell decision.

So focus on bigger picture and then start drilling down..to the details.
btw - IMO, fund manager might have great Tech analysts, great trader with excellent trading skills, lot of funds generated by marketing deptmt, excellent backoffice support to manage protfolio risk at their disposal.. So the job of Fund mgr is not to make buy/sell decision.. It is more of managing all the ingrediants and delivering the result.

Happy learning.
Thank you very very much for enlightening me. And yeah i do want to become a good fund manager but the word didn't came to my mind while writing down the post.
So now that I have decided to be a fund manager, how should I go about it, are the courses I am pursuing enough or shouls i do something else. And what starting job positions should I look for to realize my dream, as by the description which you have given of the fund manager, i think one would need loads of experience, so what should i do about it.

And once again, thank you very much to all you guys out there for helping me out.
 
#8
Thank you very very much for enlightening me. And yeah i do want to become a good fund manager but the word didn't came to my mind while writing down the post.
So now that I have decided to be a fund manager, how should I go about it, are the courses I am pursuing enough or shouls i do something else. And what starting job positions should I look for to realize my dream, as by the description which you have given of the fund manager, i think one would need loads of experience, so what should i do about it.
Do a good search over net... few more good courses available like MFE, CMT etc. MS finance + CFA +good academic background itself is fine to get entry to a fund/research firm. Thereon in your firm based on your performance you will be gradually promoted to the managerial level. If you've had any job calls, post the job profile here, maybe there can be more specific advise.
 
H

hari09omkar

Guest
#9
As we all know that broker's send tips to their clients, they're something like(as i have seen them) "Buy ICICI for 555.55, StopLoss:444.44, Target:666.66, Holding period 2 days". Now when I ask around ki how do one generate such tips, all i get to know is that it's through Technical Analysis. I have the Technical analysis subject in my CFA, when I went through the course books, it talked about various statistical techniques like candle sticks, moving averges etc.

Moving averages and candlesticks are statistical techniques???

So what i want to know is how people generate tips using such techniques, how do they choose that yes this particular share is going to rise or fall.
Basically they have nothing to do with fund management.They give tips bcz they have something to do to show to their clients that they are not barmy.