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It can be whatever it needs to be. 25k to 50 maybe to get started. Yup definitely I would start with paper acct for first couple of months minimum

What brokerages do you recommend for new traders and why? I've read ib is too difficult to use although commissions are low.

Ah, you noticed. Yup, I'm conservative. It's been difficult walking away from the "easy money" regular office jobs pay. But soon I may be out of work.

Hi. Can you suggest three solid companies in the states that won't go under tomorrow that I can look into? I'm just about ready to take the plunge into full time trading. I'm looking for competitive rates and some leverage. But most important is that it's reputable. And doesn't require new...

ok and i'm back. still working an office job but gradually itching more and more to get out of this to do something else, not necessarily trading only. anyway, i've got "disposable income" and a spouse that works and enjoys working that makes enough to support the family at its current life...

I've got a few brokerage accounts now. The common ones for the general public...Scotty, td merrill. For my few trades a day do I just pay the 7 dollar commission? This will be simply than going thru the hops for the series exam and paying the various fees to a prop firm?

i want some leverage though.... living expenses are not an issue. got enough in savings to last a while (years) and a working wife as well.

good enough. how do i get started. can i call a reputable firm....hold bros perhaps and tell them i want to trade with them?

These are the responses I am looking for. My situation...actually have family including kids. Wife will bring in income and that is what i've got. i have a low risk threshold and i want to at least give this a try before i die. if it can turn into a long term deal, great; if not, at least i...

I've worked a regular full time non-trading office job for all of my life after undergrad. On the side i have executed some trades..sometimes round trips on the same day. Trading stuff like spy, vti, as well as individual stocks. The p/l were small....like $100 to $200 per pair of trades for...

Thanks for this reply. This is quite helpful.. i didn't think about trading stuff after my day job is over..thought i was restricted to the u.s. equities market. i will look into ES and self learning through all the available resources.

i don't quite look at trading the same way. especially when you've got extra leverage from a prop firm. even without it, it's not like you're permanently or semi permanently putting up $200k to be in business for a week, a month, a year. you put up only your deposit but it's as if you've put...

dc metro

Yeah, i'm convinced it's not easy...i have no doubts about that. It's just one of those things I need to get out of my system. My goal isn't to make tons of $.. i could do that probably by being willing to travel and playing the politics game in my current profession. i don't want to take on...

i have got those other figures in mind. definitely not willing to lose up to 250k in any time frame, be it 3 months or 3 yrs. i was thinking a loss of $25k is enough to show that trading is not for me at this time.

i don't know if i have that edge. i know i'm bad at basketball, i used think i was musically talented but i'm not that great, maybe avg at best. i do believe i am disciplined and show self control - will this help at trading? if three months is too short, how much is long enough? each...

I've been on these forums for several years now. For the most part i can say it's provided me with at least some entertainment, so thank you to all. Anyway, i'm still at a 9 - 5 job paying a reasonable salary. Also have a spouse that makes slightly more than a reasonable salary, and an 18...

I live in an area where there are no prop shop offices for me to go to. How would you recommend a newbie going about getting into prop trading remotely? Do you believe a good beginner can at least break even trading alone without any mentors or formal training in the beginning? If so, what is...

looking at a 6 to 12 month horizon, which in the financial sector would be the "safest" or best buy? xlf? bac? c? wells?

what are there locations?