Hi everyone. Taking into account all the factors (training, costs, commisions) what would be the best prop firm for a new trader with little experience? TIA
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- Thread starter stockman20
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Before I answer your question I have to ask you a couple of more questions to better understand your situation.
First I must define what I believe a true prop firm is.
PROP FIRM--- A firm that provides 100% of the capital and 100% of the loss/risk and shares a percentage of the profits with the trader. Sometimes the firm will provide a small salary to the new trader.
Is this your definition of a PROP FIRM?
Most professional PROP FIRMS are becoming very selective when hiring new traders. For example JUMP TRADING states on their website that they want all applicants to be fluent in C++.
What qualifications would you bring to a firm? What experience do you have?
Take a look at these websites.
http://www.jumptrading.com/
http://www.smwtrading.com/page3.html
After reading these websites read FuturesTrader71 posts. You can do this by going to the search menu and entering his Username. He has backed several traders.
First I must define what I believe a true prop firm is.
PROP FIRM--- A firm that provides 100% of the capital and 100% of the loss/risk and shares a percentage of the profits with the trader. Sometimes the firm will provide a small salary to the new trader.
Is this your definition of a PROP FIRM?
Most professional PROP FIRMS are becoming very selective when hiring new traders. For example JUMP TRADING states on their website that they want all applicants to be fluent in C++.
What qualifications would you bring to a firm? What experience do you have?
Take a look at these websites.
http://www.jumptrading.com/
http://www.smwtrading.com/page3.html
After reading these websites read FuturesTrader71 posts. You can do this by going to the search menu and entering his Username. He has backed several traders.
I guess if you dont know C++ you have no chance getting into jump trading 
I have all the knowledge and education that the professionals have but lack the programming skills that Jump requires plus I didn't graduate form an ivy league school
just a regional business school so no chance for most of us ??
I have all the knowledge and education that the professionals have but lack the programming skills that Jump requires plus I didn't graduate form an ivy league school
just a regional business school so no chance for most of us ??I guess I was refering to the prop firms where you get 100% of the payout (or close to it) and have to put up your own capital. Out of these specific ones which do you recommend?