Originally posted by SantaClaus
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I don't usually post on this forum, but felt compelled to reply.
So you want to be a highly paid contractor?
If you think a career in IT is any easier than working in brokerage, then think again. In the unlikely event that you manage to find a highly paid contract in an ever diminishing pool of jobs, to earn the big bucks, you will have to work in the financial sector. The pressure in IT banking jobs will be probably be higher than you are experiencing now.
As a previous poster said, you would be wise to learn Hindi, because thats where the jobs are going. A friend of mine who I worked with at a well know investment bank now manages a team of cheap developers in India. I've seen this repeated over and over in many banks I have worked at.
Hours are long too, you will be expected to work evenings and weekends in order to rollout software releases. Overnight support is a lovely perk of the job, if you don't mind being woken from a deep sleep at 3am
Interview processes for banks such as Barcap are gruelling for UK contractors, but easy for Indian workers via consultancies such as EDS & Capita. This is 100% deliberate.
Got to disagree with you that the market is a casino and no-one makes money from it. It's 100% gambling if you don't know what you're doing. On the other hand, it can be likened to a game of poker, but if you know the rules and tricks the banks play every day, you can profit from it.
I can count on one hand the number of successful traders I know. They are not the big boys at the top banks, they simply follow the clues that the big boys leave all over the charts. You do not need the capital to move a currency to profit from it's movements. Just join the stop-hunters and trade in the same direction. Look for "failed" setups that the majority of retail traders are taking and profit from their failures.
So you want to be a highly paid contractor?
If you think a career in IT is any easier than working in brokerage, then think again. In the unlikely event that you manage to find a highly paid contract in an ever diminishing pool of jobs, to earn the big bucks, you will have to work in the financial sector. The pressure in IT banking jobs will be probably be higher than you are experiencing now.
As a previous poster said, you would be wise to learn Hindi, because thats where the jobs are going. A friend of mine who I worked with at a well know investment bank now manages a team of cheap developers in India. I've seen this repeated over and over in many banks I have worked at.
Hours are long too, you will be expected to work evenings and weekends in order to rollout software releases. Overnight support is a lovely perk of the job, if you don't mind being woken from a deep sleep at 3am
Interview processes for banks such as Barcap are gruelling for UK contractors, but easy for Indian workers via consultancies such as EDS & Capita. This is 100% deliberate.
Got to disagree with you that the market is a casino and no-one makes money from it. It's 100% gambling if you don't know what you're doing. On the other hand, it can be likened to a game of poker, but if you know the rules and tricks the banks play every day, you can profit from it.
I can count on one hand the number of successful traders I know. They are not the big boys at the top banks, they simply follow the clues that the big boys leave all over the charts. You do not need the capital to move a currency to profit from it's movements. Just join the stop-hunters and trade in the same direction. Look for "failed" setups that the majority of retail traders are taking and profit from their failures.
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