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I will be brief , i work in a brokerage company in Egypt that works in the Egyptian Stock Exchange , i work as a trader. i am having interview tomorrow in Nestle as a marketing coordinator , i want to know will shifting at that point to a multinational is good or bad knowing that working in my current Brokerage company isnt giving me edge in my trading but giving me an edge to the market exposure and career in general .
1)I am currently studying CMT (Chartered Market Technician) and i am willing to continue in it whatever my work is
2)i will be launching my Blog when i start Trading FX again (i am currently writing a trading plan ) and will also use CMT designation and take advantage with it to post analysis on my Blog , so i whatever i work in , i will be always having a technical analysis and trading curriculum through my Blog
3)i want to be a money manager in the Future .
4)i want to work in something creative and provide me with critical and creative thinking , therefore , i think working in marketing will give me an edge , even an edge if i wanted to market myself as a money manager in the future
5)current work in the Egyptian Stock Exchange , will only give me an edge to be a technical analyst in the market in Egypt , which i am not currently interested in , i am interested in Futures FX and commodities in general
i Hope u can help me choose whats good for me , thanks a lot
Can you help answer these questions from other members on NexusFi?
Ok, why the heck do you want to work as a marketing coordinator to start with? Sounds like a dead end to me. Unless naturally it pays a lot more and you want to build up some funds - which is what I did the last 1.5 years and am likely doing another year.
But from a CV etc. point it just makes no sense to work there. And no, your blog will (a) not be as good as when you work on the market and (b) not look too good on your CV if it is a part time endeavor.
Brokerages never give you an edge in the market these days - they never did (floor trader had one, but that was strictly not brokerage).
But again, what I fail to see is the motivation to take the marketing coordinator job. It seems totally off as a career line.
Become a CMT if you want to, but I think it's almost impossible to become a money manager without being a CFA these days. Mind you, it will nearly impossible regardless...
That's all well and good, but it might do more harm than good to stray too far from reality. It's better to reach attainable goals than it is to foster delusions.
Hard work can compensate for a lot of things, but it does not guarantee success.
3)The motivation is that i will really use my brain , i only do donkey work at the brokerage firm i am working in (taking orders from Institutional clients and executing them in the market , with email followups and so on )
4)i want to be a CTA after 5 years , so trading is going to be a private business , not not work for big smart money firms
Your reply is being helpful , thanks , if u can add according to what i added it will be more than welcome
I want to be a private money manager , my returns/risk will be the only thing talking for me. , and yes , i am thinking of doing CFA too later on , but i am taking it step by step here
Not worth it. If it would bay 2-3x as much - ok, but "a little more"? And for that you are out of the markets full time. And even in your brokerage you may move a little. At leats you can watch the market there, do some real time stuff, train, are on the pulse.
Sorry, really, a little more is worthless and medium term is worthless too if you do not want to stay there.