Anybody who is passionate about the financial markets may find trading from home and earning a great salary for doing so an ideal goal to have. However, unless you have plenty of start-up capital and a lot of trading knowledge and talent, becoming a full-time day trader can be a difficult goal to reach. With that being said, there are many different ways to get into trading for a living, and many day traders begin by gaining experience trading on behalf of a firm. If you’re hoping to pursue a trading career in the financial industry, you might find it necessary if you have a college degree. Here are some of the best degree subject choices for wannabe traders.
Analytics
Being successful in trading often means being able to correctly analyze the markets and predict trends and behavior. Many traders often have to learn a great deal about analytics before they can begin to see a profit from trading, whether they trade in stocks, forex, or something else. Along with being a good subject choice for a potential day trader, graduates with an online master of science in analytics can go on to become top financial analysts. If you’re more interested in the analytics side of trading, or you think that this is an area you can most improve, you should consider taking an online MSA degree.
Finance
If you’re hoping to work in the financial industry, it makes sense to take a degree in finance. A finance degree will provide you with all of the necessary knowledge to pursue a career in trading or even become a home-based day trader. If you enjoy finance and are good with math and working with numbers, a degree in finance is the perfect foundation for you to go on and work in almost any role within the financial industry.
Business
A degree in business administration may have more of a broad focus than a finance degree, but it can still be an ideal option for anybody who hopes to pursue trading as a career. Business students will graduate with a good knowledge of business finance and the financial markets, and this degree prepares students well for stock trading. When studying for a degree in business, you will be required to learn and understand topics such as cash flow, financial statements, valuation, and market competition.
Economics
When it comes to the majority of careers in finance, the major degree requirements include finance, business and economics. Those with a strong background in economics may find that they are better suited for different types of trading. If you’re hoping to work trading bonds, currencies, and commodities, you may find that having an economics degree gives you an advantage over other applicants and other traders.
If you’re hoping to pursue financial trading as a full-time career, you might want to think about preparing yourself for the role with a college degree. These degree subjects are the most commonly required choices for those working in trading.
