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Thanks. Are these proper prop or more arcades? I consider a proper prop deal to be salary plus bonus with no trading of your own money vs arcade which is % of profits plus your own money involved. Does anyone have any details on the firms listed above from Sydney?

Do they have any prop firms in Sydney? Or would you have to trade your own account? Is Sydney expensive then if you don't have much money? Many jobs in financial services? Easy to find places to live etc...

Yes, I live in London, but my brother lives in Sydney and is always telling me I should come down there for a while. He's not a trader, but I was wondering what it would be like to trade from there for a while.

I was wondering if there are any active day traders of the US market in Sydney, Australia? What is it like? Any experiences would be interesting.

Hi everyone, I think a lot depends on your personality and approach. For many people, my approach would kill them because it is very boring and you need extreme patience. My trade method is either to get stopped out at the initial stop or trailing stop or for the profit target to be...

Lefty, really appreciate your insight and thoughtful comments. I have been a trader for 7 years in equities, options and futures (although only day trading the futures market since May 2003 everyday, and only the ES since August 2003). I tend to concentrate on what is rather rare in...

Although, WaveTrader sometimes comes across as a little conceited, he has many valid points. Keeping stops tight seems to me critical to long term success. You need to take losses quickly and efficiently. Become good at losing. After all, trading is a losing game. I personally use stops...