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    Ill join. Currently 10th grader in the US. Plan on being a hedge fund manager in the future. Traded equities for 3 years, started foreign exchange trading, and am in the process of starting a hedge fund specializing in both FX trading and equities.
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    Ever tried CFD trading?
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    I have no idea which part of IB I am interested in or plan to do mainly because I try not to plan my life!! Will wait after uni to decide but any suggestions as to which part is best to do are welcomed.
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    No I haven't traded CFDs although I demoed for a few weeks. It is okay if you like trading Index CFDs and stock CFDs. I like broad trends where technical analysis can be used so forex is the way to go. Johnny, are you a CFD trader?
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    Ornela,

    Well in IB you have the M&A guys and industry groups. Different industries have different Ibanking team like industrials, transportations, tech etc. Then there are High Yeild Financing and other varied deal groups. Wanted to be a ibanker but its a boring job to me although others may like it.
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    (Original post by mahras)
    Ornela,

    Well in IB you have the M&A guys and industry groups. Different industries have different Ibanking team like industrials, transportations, tech etc. Then there are High Yeild Financing and other varied deal groups. Wanted to be a ibanker but its a boring job to me although others may like it.
    Do you enjoy what you are doing now? What are the hours like?
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    I am a part time trader and will soon start my own fund specializing in equities and trading. Trading is something you need to have a passion for. You can't be a successful trader through books. Practice and instincts are what the world's best traders/speculators have. About the hours for full time traders:

    Ibanks S&T/hedge funds: Usually market hours. Depends on what desk you are in (New York, London, Asia). Usually 10 hours a day. Pay has almost no limit. The superstar 26 year old traders make seven figure compensation packages. Out of college you can make around say 55K base salary+10K sign in bonus+10-50K performance bonus. These are all in US dollars. Your performance bonus depends on your profitability, and your desks profitability.

    Prop Trading/full time trading: You make your own hours. My mentor trades for around 4 hours a day and makes around 500-2K a day. This is after you subtract the 50% of the profits you need to give the prop trading firm. Pay has no limit. If you can make 4 million USD in a year and your firm charges 50% of the profits you make 2 million. Very RISKY unless you are a great trader. Many ibanks have prop trading desks which are highly respected. Many prop trading firms are useless. Only a handful are worth it. If you are good then this is a excellent place to trade.

    Best UK schools for trading: LSE, Oxbridge, ISMA Centre-University of Reading. Personal picks: LSE and ISMA.
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    unfortunately im not a CFD trader. I have had some experience a few months ago under my dads account was pretty interesting. Had a passion for the stock market for a while now. Been following it since 2000. When i first demoed CFDs i made £10,000 unfortunately for me it wasn't for real not a fluke though. If i had enough spare capital i would risk it but i need to save for uni!!
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    No worries. Maybe take some cash out and start investing and then when you build up enough start trading?
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    Could someone just explain to me the difference between Credit Derivatives and Equity Derivatives...
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    Thats what i plan to do
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    I have found some excellent resources for anyone interested in IB:

    http://www.careers-in-finance.com/ib.htm
    http://www.efinancialcareers.com
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    And here's a pointless plan of my life (at the moment):

    PwC Gap Year Scheme
    BA in Economics (Trinity, Cambridge)
    MSc in Management (LSE)
    IB Analyst (Goldman Sachs)
    MBA (Harvard)
    IB Associate (Goldman Sachs)

    I don't have very high aspirations do I
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    (Original post by jamierwilliams)
    And here's a pointless plan of my life (at the moment):

    PwC Gap Year Scheme
    BA in Economics (Trinity, Cambridge)
    MSc in Management (LSE)
    IB Analyst (Goldman Sachs)
    MBA (Harvard)
    IB Associate (Goldman Sachs)

    I don't have very high aspirations do I
    What grades at GCSE did you get?
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    Lol, omg this is going to sound so funny...

    I am predicted 10A*s (alreay have one A*) i.e. I haven't taken them yet. That plan will probably change in few weeks
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    (Original post by jamierwilliams)
    Lol, omg this is going to sound so funny...

    I am predicted 10A*s (alreay have one A*) i.e. I haven't taken them yet. That plan will probably change in few weeks
    I don't think you should start planning so early!
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    I don't mind boring or risky jobs as long as they do not involve with me dealing with people directly. One of the reasons I did not wish to study Law, hence be solicitor. Is it best to do an Msci in Economics or an MBA???
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    (Original post by You)
    I don't think you should start planning so early!
    my plan really is just to get 10A*s and then get good AS scores etc
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    (Original post by ornela)
    I don't mind boring or risky jobs as long as they do not involve with me dealing with people directly. One of the reasons I did not wish to study Law, hence be solicitor. Is it best to do an Msci in Economics or an MBA???
    I would have thought that you can't go wrong with an MBA, but I can't really talk from experience
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    What sort of risks are involved in IB?? Is it a good thing to have a very impersonal view of things?
 
 
 
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