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Candian Bsc biomedical sc,5 Yrs exp pharma industry (Canada,UK,France)+no finance background, how to become trader in London?

Hi, I am French, and Canadian as well, with 5 yrs experience in internationa pharma industry . I would like to switch career into becoming a trader in London,but have no finance background. I do speak fluently english and french, basic italian, basic spanish, basic german, and had very good mathematical skills when I was teenager. Which path to follow? which trap to avoid? Thanks a lot

Asked by cotroni

Posted in Switching Sectors and Trading

10 Jul 2008

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Answers (7)

  • in the next life

    guillame 10 Jul 2008

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  • then I did well to have chosen medicine in the UK as will my son! stupid answer always fits with stupid people! make sure yur next life does not end in my hands guillaume ;-)

    cotroni 10 Jul 2008

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  • You need a good head for the finance industry. Immerse yourself in commodities, equities, currencies and bonds - they are interrelated up to a point, eg gold moves inversely to the US dollar over time. The Financial Times, in the Companies and Markets section, have a roundup of commodies and currencies as well as the stock markets. Stock markets, indices, move in the same way. Dow, S&P, DAX, CAC40, FTSE all take the same 'shape' on the daily charts - despite each country having differing fundamentals affecting companies. The head of a trading desk will ask you, maybe in an aggressive manner, what do you know about the markets? This is a bit of a trap! What market? Currencies, Bonds, Stocks, Commodities? I have no mathematical skills apart from adding up! But it's said you need to have them and you do. That's that taken care of! Patterns repeat themselves across asset classes - no matter what the timeframe. A bull run in a five minute timeframe is a bull run in the daily chart no matter what you trade - dollar/yen or wheat. This is technical trading and you wouldn't be expected to know things like this. Self-study/research....

    John 11 Jul 2008

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  • Yes but technical trading is nonsense. You may as well flip a coin. Buy the market and learn to paint.

    Davros 11 Jul 2008

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  • Markets aren't random. Choatic, yes. But within the chaos there's predictive behaviour. Those who can see this will do well. Most will not.

    Trefor 11 Jul 2008

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  • I trade technically full time using my own money. Currently sitting back watching indices fall! Maybe nonsense to those who can't do, but this nonsense feeds my pension fund nicely. If I bought now, the downside is still in place going into the weekend, I'm not paying overnight funding charges for three dead days for a market thats falling! Office jobs will return en masse, one day. Happy painting....

    John 11 Jul 2008

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  • Interesting take on technical trading. http://youtube.com/watch?v=AEu_uh6I-98

    Steven 12 Jul 2008

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