November 18th, 2006, 10:18 am
you guys are all being sarcastic to the maximum possible extent. kid's asking a simple question well you need to be FSA registered for a Customer Trading function (for this you need to clear Level III SII exams) next you need common sense , intuition and a quantitative ability . I am quite surpised by the fact that people think being a scientist or a Mathematics genius helps you become a good trader , Yes it does help you think and rationalise clearly , whether it helps you DELIVER , I dont think. Trading requires different skills from a Exotic Quant . It requires you to understand models , their advantages and disadvantages and how the risk of your book changes with certain changes in the market. Does it require you to sit down and solve the stochastic equations to derive the model . NO is the answer. DAt the end of the day if you're a rational person with a natural ability to reason everything in a logical manner and is willing to put in some extra effort and time in learning the complex stuff , you can be a good trader , My humble 2 c . At the end of the day when you start off you will not get a 100 million USD worth book to risk manage