How to succeed to become a trader, the profession, the studies, the profiles and qualities sought.

Trader, a job that makes you dream. The golden boy of the wolf of Wall Street, Trading room with screen walls, hectic life and stress, financial crack … today with the many platforms that exist, access to the profession has widened even if it still requires a high level of skills.

What to be a trader

The trader is a trader of securities engaged by a bank, a brokerage firm or an investment. Using financial data and economic analysis, he plays on stock market fluctuations to generate profits through purchases or sales of securities by playing on shortfalls.

The daily life of a trader

The pillar of the activity is to learn about what is happening in the world by sorting out what is interesting from what is not. Reuters or Bloomberg dispatches, publications of company results or economic figures, details of a recovery plan with privileged sectors, etc. which will allow him to analyze and interpret market trends with the observation of data such as movements, prices, etc. to then allow him to decide in real-time on the purchase or sale of stocks, currencies, bonds or options. He will also advise his clients on purchases and sales to be made because, as a privileged observer of the market, he can provide his clients with enlightened investment advice.

To access information, the nerve of the war (on traditional products such as equity markets, indices, Forex, or on emerging products such as cryptocurrencies), to be relevant in this profession, the expert platform of tradingenligne.fr can be an important resource.

How do you become a Trader?

Traders often come from a long training course with a Bac +5 (grandes écoles or universities), often supplemented by a master’s degree in economics and econometrics, specialization in markets and financial intermediaries or international financial analysis or even mathematics, IT, finance, and insurance. Traders are fluent in the language of Shakespeare.

And how much does a trader earn

A trader’s compensation varies. It consists of a base salary to which is added an annual bonus/remuneration proportional to the profits obtained (sometimes up to 8 times the fixed)

The salary range for a beginner is between 4,000 and 6,000 per month. In France, a trader earns an average of 70,000 excluding bonuses. This remuneration then varies according to its activity, its profile, the banking establishment, its location. Job offers exist in this sector.

Becoming a trader: what qualities are required

Traders spend their day playing with numbers. They use very sophisticated mathematical models to make the numbers speak. So if we are resistant to numbers, maybe we should consider another job. Beyond academic knowledge, the trader’s job requires good mental health: the days last on average between 13 and 14 hours, well beyond the 35 hours per week!

Stress resistance is essential. Because of the amounts involved, the economic stakes and the potential impacts for companies, the notion of risks is inherent in the business and you have to know how to resist pressure over time. Self-control and the ability to manage emotions come in handy when it comes to making high transactions in an uncertain world.

Great alertness is essential because reactivity is inseparable from the job, to be always on the alert so as not to be overwhelmed by changes. The trader must always be in anticipation and be opportunistic when opportunities arise.

On the other hand, you must know how to control your player side, because likening trading to a casino can have unforeseen effects with a transformation of his profession into addiction !!

Traders, what future?

Traders are not very numerous, but it is about a profession that appeared recently. Many called and few chosen. The Internet has boosted employment thanks to the appearance of online brokerage firms and offers new opportunities to young graduates.

However, we can note an evolution of the profession with the “cowboy trader” who gives way gradually the step to the financial engineer clad with diplomas, hardworking, rigorous, academic and especially the growing place occupied by trading machines and tomorrow artificial intelligence