Trading is simple. Making money out of trading is another matter.
If i were you, this is what i will do :
1. Start with local equities markets. Pick up one of those finance/investment books which teach you how to understand financial statements, ratios etc. Or do a CFA for the reason of learning. CFA gives a good grounding of basic economics, accounting, financial matters.
2. Do your current job well and use it build a good network of people. Since you are doing IT "support" service, you will frequently get calls of help. Use that opportunity to be really helpful/resourcesful. People will know when you deliver your good or bad service. Do lunches with them (front/middle/back) office people. Ask what they do and understand how a bank operates and the kind of compliance structure etc it works with.
3. Do some small time trading when you have some spare cash around. Nothing beats paying for the experience of winning/lose on trades. Check yourself after a few rounds of buying/sell (around 10 trades) to see if you understand how to manage your emotions when trading. Eg, do you get super high when you make money, super low when you lose money.
Imagine that stress level multiplied by 10x if you are doing for a corporate and ask yourself can you handle it.
Within 3 years in your role, you should have been given at least some opportunity to move out of just IT support. Use the experience above to ask yourself if you really want to do trading or ?
Remember, there are many ways to make money.
Trading may not always be the best way regardless of what others say.
Quote:
Originally Posted by Z060049
Thanks a lot. As a matter of fact, I am now working on IT infrastructure for the bank. Things like upgrading windows XP, configuring iphone stuff. I can not get my hands on algo trading software development. I will try to work towards that direction. I've also read your post on "do trading courses really work?". I'm really a noob in this area and hopefully you can help shine some light in how to develop a career in trading?
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