The guys who execute the orders for your guys would probably be the Insto Sales Desk by the sounds of it. They couldn't trade a train through a one way tunnel. If you think that fundies are talking to traders who run books then you are sadly mistaken. (return stirring).
We traders run risk positions and when instos and fundies come through on a side, we provide a price and either run the risk or balance the spread. The Insto sales desks then clip the ticket and give you a price. Of course, if you are only talking equities, then your desk jockies could get by with a CFA.
I was assuming that Jannie was talking about markets jobs in general, not equities specific. My point remains that a CFA is not work the investment in time, money or stress for a job in markets however it remains a valuable credential for corporate and analytical banking roles.
As for "working in the industry", join the club, we've got jackets and free parking.
Jannie, don't worry about getting into trading. It will happen eventually. I got in my first trading role with a local major bank in my mid thirties. We have all sorts on the trading desks, none of whom have CFAs, some of whom have M App Fins and some who know people and some who came through middle and back office.
Just learn the true craft of trading and keep trying.
And here is my last tip. Don't just listen to me and AllFueledUp go back and forth. Listen to everyone and know what to keep and what to discard> Learn how to trade, take profits, stop losses, develop trading plans and your own trading psychology.
LNC Price at posting:
$2.39 Sentiment: Buy Disclosure: Held
