Trader and Trading Associate?

Question

Does anyone have some insight to the description below? Is this a dog eat dog position, very high stress, long hours? It was listed as a job through an agency, with compensation in the 50 to 80K range..apparently entry level....What would a trader actually do? I know that I have the smarts to do it, not sure about applying for it.

International hedge fund seeks to hire a Trading Associate for their evening shifts. Trading Associates will be trained on the firms trading methods and strategies, help process and execute trades and assist with developing trade strategies. Trading Associates will also interact with various internal and external contacts resulting in exposure to several facets of the firm. Candidates will have a BS/BA, strong analytical and computer skills, and be able to perform well in a fast paced environment while handling several projects at the same time.

Answer 1

Trader can be a high stress position but not long hours. Given the description, this trader would either be trading in the European or the Asian market. Once the market is close, a trader's work is done. You customers are likely to be people with high level of energy who would be really upset if they do not get their strike price on the penny.

An entry level trader would start with the mechanics of trading. You will learn about the software systems and the process of trading. Then you will learn about how things are priced, i.e. stocks, options in relation to time etc. An advanced trader would try to analyze data and make projections of future trends etc.

A good trader definitely needs the ability to multi-task and not afraid of math. However, an advanced trader is typically someone with economics, statistics or financial analysis background with some programming and modeling skills.

I hope this helps.

Answer 2

there's a huge variety of derivatives. without understanding what you've in recommendations, your question won't be able to be replied. Derivatives which include places and calls have the great thing about leverage, even if the downside of a plausible lack of 100 p.c. of your funding. Derivatives would nicely be used for hypothesis, even if it does no longer advise they're destabilizing (if it really is the note you meant to apply.) Speculative procuring and promoting in monetary markets has reward for the marketplace, which include retaining liquidity.