1. Want to be a Trader?
Week 4 – 2/11/2014
Jake Walker

2. What you need to to know…
• Daily Work Routine
• Income
• Education & Training

3. Daily Work Routine
• Arrive at Office (7:00 AM)
–
Review previous day trades and
foreign markets
• Markets Open (8:00-9:30)
–
Work in open office spaces known as
trading rooms
• Markets Close (4:00 PM)
• Traders Leave (5:00 PM)
• Traders are under constant stress
• 4 Weeks of vacation a year is
common

4. Income (What We Really Care
About)
• Income depends on the type
of trading done
options, stocks, or bonds
seniority
performance
employer
–
–
–
–
• Compensation
–
–
Salaried w/performance bonus
Purely based on commission

5. Income (cont.)
• KY Wages (Median)
–
–
–
Entry Wage
$13.18 $27,420
Median Wage $21.03 $43,750
Experienced Wage $44.82 $93,220
• NY Wages (Median)
–
–
–
Entry Wage
$37.43 $77,860
Median Wage $64.90 $134,980
Experienced Wage $90.00+
$187,200+

6. Education/Training
• Bachelors in Business,
Finance, or related field
• MBA or masters in finance,
mathematics, or economics
• Must pass industry
examinations and become
licensed
• Ivy League or elite school
increases chances of
employment

7. Conclusion: Are you fit to be a
Trader?
• Are you afraid to admit you made
a mistake?
• Can you remain calm despite
heavy losses?
• Do you have a passion for
trading?
• Do you have a solvent bank
account?