Is it necessary to be in the bank to trade?
 

I know it is a stupid question, but initially I want to learn more about trading so I decided to join a bank to work. but it doesnt seems so.
I am interested in trading but I don't know how should i start.

Do you know how big is the banking industry?

Why should a bank hire someone with no experiences like u to trade? I am very scared as a shareholder of a bank who hires someone with no experiences to trade coz he wants to learn. Get real dude, we are talking about public money not just your money. Who in his right mind would give a noob money to play with.

By replying to this qns, I hope to get some good karma coz I just wasted 5 mins of my time answering you.

You want start? Easy, play with your own money. Go open a trading account, do trading and show your results to the bank during the interview. Sure confirm will get you a job.

if you can trade your own account, you don't even need to work anymore.

trading is a big industry itself. most traditional trading roles requires good knowledge of statistics and maths. then there are some desks transiting to algorithmic trading, you need programming skills.

or you can go into a hedge fund and trade a portfolio. you need portfolio analysis skills.

find out what your career goal is and slowly work towards it.

Since you are in the bank now, why not try talking to your colleagues and see who are in the department of trading?

Or you can always start from small, in OCBC securities, UOB Kay Hian, Maybank Kim Eng, for those roles that executes clients' trades.

You might learn a skill or 2 or know more people from there to help you in getting what you want.

Remember, it is who you know and not so much of what you know [networking].

Why bother to reply in the first place? Don't understand.

First, read up on "Financial Accounting" and "Introductory Economics".

"Financial Accounting" will give you the foundation to understand financial statements. "Introductory Economics" is important because any trader who wants to succeed must know at least basic economics. In fact, successful traders have an in-depth knowledge of world economics.

Next, read up on the "Fundamentals of Corporate Finance".

"Fundamentals of Corporate Finance" will allow you to understand bonds and stocks at a basic level. Only then you are ready to trade.

There are a lot of resources online on these subjects. The worst trader is one who trades without knowledge. Trading is all about predicting the future. How can you predict the future without knowledge? You will only be gambling.