Nothing wrong with Proprietary Trading Firms as stated before. Those that are looking to go prop without capital or have very little capital...the combine is a possible way for them to get their foot in the door of one particular prop firm assuming they're able to navigate the strict rules of the paper trading adventure. Then if they're able to get in, they must adhere to stricter trading rules via that particular prop firm's compliant office and profit sharing.
I have a few close personal friends and one family member at proprietary firms for a few years now in Europe and Asia. I don't know much about what's going on in the U.S. so I can't really say too much about that. Anyways, my friends have all tasted the good and bad about prop firms and currently settled down with firms that they like in comparison to prior firms that felt like bucket shops. Also, be careful not to get Prop firms mixed up with Trading Arcades depending upon where you're located at in the world.
Nothing in the U.S. would attract me to move there and go prop (seriously).
Some useful links about prop firms for those looking to trade at a prop firm.
http://www.fow.com/Article/3195536/The-changing-dynamics-of-proprietary-trading.html
If someone needs a prop firm...here are lists:
http://www.traderslog.com/proprietarytradingfirms/
http://www.prop-trading.com/proprietary-trading-firms/
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As to someone having a second source of income, I liked Maria Sharapova's creation (candy store called Sugarpova) @ http://www.mariasharapova.com/sugarpova.aspx
She has many stores in the U.S. but will soon start in Canada, Europe and Asia. I got the patience of a turtle when if comes to candy, I can wait for a store to arrive in my side of town.
*****
I have a few close personal friends and one family member at proprietary firms for a few years now in Europe and Asia. I don't know much about what's going on in the U.S. so I can't really say too much about that. Anyways, my friends have all tasted the good and bad about prop firms and currently settled down with firms that they like in comparison to prior firms that felt like bucket shops. Also, be careful not to get Prop firms mixed up with Trading Arcades depending upon where you're located at in the world.
Nothing in the U.S. would attract me to move there and go prop (seriously).
Some useful links about prop firms for those looking to trade at a prop firm.
http://www.fow.com/Article/3195536/The-changing-dynamics-of-proprietary-trading.html
If someone needs a prop firm...here are lists:
http://www.traderslog.com/proprietarytradingfirms/
http://www.prop-trading.com/proprietary-trading-firms/
*****
As to someone having a second source of income, I liked Maria Sharapova's creation (candy store called Sugarpova) @ http://www.mariasharapova.com/sugarpova.aspx
She has many stores in the U.S. but will soon start in Canada, Europe and Asia. I got the patience of a turtle when if comes to candy, I can wait for a store to arrive in my side of town.
*****
