Best Master for Forex Trading
Hi guys,
I want to work as a Forex Trader in Europe (speaking fluently French, Italian,English,Greek). I am 24 years old. I graduated top of my class from two non target unis in Greece with bachelors in Public Economics and Finance with a Minor in Financial Markets Trading ( Retired Traders taught us how to trade in the Trading Room our college has. I am currentlytrading in FXMarkets real money through the guidance of my professor who was a successful trader). However, I have only interned at a Greek bank at the Wealth Management Department and at a fintech startup. GMAT 700.
I am considering the following options for my masters degree that will give me the opportunity to secure a Sales and Trading internship in a well known bank in Europe :
1) London School of Economics, Master in Finance and Economics
2) University of Warwick, Master in Economics and International Financial Economics
3) Master in Finance, Boccconi University
4) Paris Dauphine University, Master of Financial Markets 203
Especially for the FX Market, should i focus more on economics and study at LSE's Master which is more Economics focused or on mastering my programming skills and as such study at Paris Dauphine because it focuses a lot on programming languages ( so far, all of the FX traders advised me not to worry about programming skills so much since a good trader does not have to be a good programmer)
What do you guys think? Don't hesitate to disagree with some things mentioned above...
Thanks in advance for your help!
Aristotle
Comments (11)
i don't work inS&T, so feel free to take what i'm about to say with a pinch of salt.
studied msc econ at a strong UK target, and turned down an offer for the warwick msc you listed. honestly, i'm not sure you'd find much about the course that relevant to be being a trader - beyond some minor improvements in your economic intuition. much of what is covered in masters-level economics is pretty theoretical and is meant to provide a platform for phd-level economics studies, not trading. the majority of my class went on to phds, research or econ consulting, not so much finance.
my two pence: try to study a finance course with a significant focus on statistics. you'll find that much, much more useful when dealing with market data than whatever nonsense microeconomics tells you about markets equilibrating.
if you're set on the UK, take a look at imperial's masters-level finance courses form their business school. they rank very highly and place very well - friends of mine who went there got intoIB/S&TinJPM, HSBC,RBS, etc.
also, just because you were told you don'tneedto be a good programmer, it would be a very wise move to get good at programming to future-proof yourself.S&Tis getting automated, might as well go with the current.
I am currently a MSc Finance student at Bocconi. The programme is very rigorous, with a quant heavy approach and it places really well in London (it is the first non-UK B.S. by number of employees in most of the big firms -idk if that applies to trading-; you can check in linkedin).
The thing is that I don't know how good it is for Forex trading compared to other MScs. I think that most of the MSc Finance programmes are not mainly oriented to trading. Most of the traders nowadays come from STEM, however it may be different for Forex, I don't really know. Here in Bocconi there is another programme that is much more useful for 'regular' trading (MSc in Data Science and Business Analytics), but as I said, I don't know if those are the skills that you want to learn.
I don't think a ms in econ/finance would be of much use if you already have a bachelors in it. I would consider ms with a lot of coursework in stats, probability, and applied maths instead.
Yes, you're right, the set-up rates are still very beneficial. I would advise you to pay attention tofractal analysisbecause it is based on mathematical data. Recently I made a bet based on fractal analysis, and during this time the rate increased by 1.5%, I am already in the black. I find it difficult to rely on something incomprehensible, but it is easier when I see why I need to bet on it.
I learned how to make the right trades in the market, but fractalets made my research much easier for me. I would advise you to try working with them, they can also help you make the right set-up rates.
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between all of these for markets for me is Dauphine hands down. big edge compared to others, great preparation and great program!
impossible not to find m203 graduates in trading floors here in London.. however, id say if you speak french well check also the more advanced one like the DEA El Karoui or the DEA Laure Elie (https://masterfinance.math.univ-paris-diderot.fr/)
I wrote a post a few months ago on the best masters for a career in trading/quant finance in Europe, check it out: //www.yjhypon.com/forums/complete-european-master-guide-for-stquant-position
hope it helps
My opinion will insist that you choose the University of London because it is a real klondike in education! Believe me. I know what I'm talking about because I studied for four good years at this institution and now I'm invited to interviews every week. It's not soeasy to be a trader, but the school wants to make real professionals. I don't want to brag, but I am one of them. I think you can find more opportunities in this place if you understand what kind of education and knowledge you can't find in other schools. In any case, the choice is yours.
你的GMAT真好你为什么不try applying to U.S. universities?
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