We have been conditioned all our lives to go to school and get a degree. So instinctively, when a person comes across a career opportunity, the first question is what graduate programs or undergraduate degrees do I need? When it comes to a trading career it does require skill, knowledge, discipline, and focus. But there is no degree exactly geared specifically for day trading, but there are areas that can be beneficial for you to know of. With that being said, just because you have a degree in a different field or none at all doesn’t mean you can’t be successful in becoming a day trader.
We live in a world that can be very aggravating, we spend most of our lives going to school. Getting ourselves in debt because we were raised with the idea; that without education, opportunities are limited. But then what happens, you get the degree but when you try to get a job you don’t have experience. But to get experience, don’t you need someone to give you a chance? How will you pay off these loans you had to get to learn about the field you wanted to enter?
Malcolm Forbes said, “It is never too late to learn”. Financial planning is necessary to truly be financially independent. If you haven’t figured this out yet take a look at the people who have grabbed the market by the horns and decided to do something about it. While others are losing half of their retirement with their 401ks when they need the money the most; now that they are older. With technology, you don’t even need to leave your home to learn something that can change the direction your life is headed.
Like everything in life, there isn’t a cookie-cutter mold that works for everyone. Sometimes you happen to get the job first and get the degree while you are in a position. With the hope that once you acquire more education, it will open doors for a higher position and higher income. But sometimes what happens is you go through the trouble of getting the degree and then now you are overqualified, or you’re a threat to others in your department. So, you don’t get that position, and now you are further in debt. I don’t want you to think I am bashing education, what I am simply telling you is don’t set the bar low because of the degree or lack of degrees you have.
Traders come from a variety of backgrounds, and not uncommon to find traders with little or no formal education in stock trading. With margins sometimes four times the amount of initial capital, and brokerages competing with one another to offer the lowest commission, it is evident day trading is a potential source of income. Recruiting departments for hedge funds and investment banks look for certain degrees but if you are just looking to trade in the comfort of your own home; this is not something you need to worry about, you can easily learn trading strategies.
A finance degree or Business Administration major gives people exposure to the translation of accounting statements, derivatives, fixed income securities, and corporate finance. Sometimes even as projects in classes, students take part in actual portfolio management in which they use real funds. An economics degree exposes people to business cycles, economic indicators, currencies, interest rates, monetary policy, economic shocks, and crises. This type of exposure helps people understand the news flows and current events that may lead to trade decisions. They also cover regression and statistical analysis; both of which are utilized in the trading world.
Computer Science degree and Statistics majors understand how electronic flows of information work. Statistical concepts are applied greatly in day trading options. Statistics teaches students how to collect, organize and analyze data. In which you then interpret the information to help make decisions. Applied Mathematics, Financial Engineering, and Physics understand quantitative finance and know how to apply them in creative ways.
Remember that learning the trading game doesn’t require a finance program or degree. Several profitable day traders learned a trading strategy and aspects of the financial markets that are now making thousands of dollars a week. You simply need a trading account and the right mentor that teaches students how to effectively enter and exit trading positions. Someone who shines a light on technical analysis and ways to reduce risk so you don’t lose money frequently. With trading software such as paper trading, your mentor can teach you how to have profitable trades and monitor your trading performance.
Summary: Day Trading Degree
Think of it like this, did you have to go to school to learn to ride a bike? No, you started with training wheels, then you moved up to having someone help you balance; until you eventually were riding on your own. The same applies to trading skills, it’s something that can be learned by repetition. You don’t need to learn complicated trading algorithms or hold different finance degrees; simply the basics. Thankfully, you are in luck and all your day trading needs can be covered in the MK VIP trading program. In which I teach students a solid foundation to start day trading. Before you know it, you could be in the market, making enough money to cover your living expenses.
My goal has always been to help as many day traders achieve their personal financial goals, whether they are novice traders or experienced traders. The MK VIP training has plenty of resources to help you get started on reaching your day trading goals. With my program, you can learn how to begin day trading, and you will be profitable for at least 80% if not more of your trades. You will have assistance the whole way through your training. After you graduate from the program, you have resources constantly at your disposal. I distribute articles daily to focus on different aspects of trading, with visuals to keep you constantly in the know. Peter Drucker said, “Today knowledge has power. It controls access to opportunity and advancement”.
Maurice Kenny has helped over 600 people become financially free through one-on-one coaching, mentorship, and options trading strategy. Many of these new traders are now full-time traders, and they all started by watching his 1-hr webinar.
Feel free to check out other FREE educational resources to help guide you as you begin your new journey to financial freedom.
Also, download a (FREE E-BOOK) by Maurice Kenny, “DAY TRADE LIKE A MILLIONAIRE.”