Armstrong
RETIRED TTA
- Joined
- Feb 2, 2012
- Messages
- 19,390
- Reaction score
- 94
- Country
- Location
With my limited knowledge, I know of only 3 places, where you can START to learn forex management, so that you can freelance consult on Forex. So far as I understand, tax books aside, what is critical to understand is HOW exactly the trade works in the first place, else you can call yourself a consultant, but won't get clients.
First option is obviously is a trading desk of a bank/fund/broker - They have many openings/jobs for beginners (You could use your CA to get into a valuation side role of forex banking as well). I believe it is the most practical option. But, I am not sure if you have traders in Lahore who are into forex trading (only for the arbitrage or real forex trading for Non resident Pakistanis)
Second, you can try and get into treasury arm of a MNC within your country (Getting an International job in Forex is virtually impossible, as there is no reasons for treasury bench of a company to call in a green horn and go thru the visa hassles and expat contract extra etc). Again, i reiterate; Treasury exposure is a MUST before you jump into the field on your own. Generally in Company tradings you can learn a lot about Heding and a single currency trading (as Most companies will trade with their HQ only in a single currency) and that is their limitation.
Third, you can aim to join with your Reserve Bank or EXIM bank of Pakistan (may be an internship) and try to get on to the trading desk there. It would be low paying but VERY VERY insightful, however, it might arguably be the most difficult.
I know, you don't want to figure out how to land a job. But, a career in specific finance topics like Forex, Derivatives, M&A etc demands that you have some experience and credibility in the function.
If I were you, I'd just walk into a big trading house in Lahore (which also deals in currencies) and try to get an appointment with the trading guys for currency desk and ask for an internship... IT is tiresome, but somehow the most likely way to work... (A la 'the pursuit of happyness' way)
Aaahhh...thank you so much....this is very useful !
So what qualification would you recommend topping my ACCA up with ? CFA or an MBA (Finance) or something else ? *Assuming that FOREX is the way forward for me*