Is there any good prop firm for new traders?

sp2020 said:
Do you know any prop firms would train new traders for free or at low cost? Everywhere else would charge $5000 USD for the course. Did you take training with T3 or where else? TIA
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I know of excellent Prop Firm who does only education and does not charge any money. They will not let you open and account or trap you into high frequency commission trades or leverage.

The firm's name is YOUTUBE.com !!!!!!!!!!!!!!!!!!!!!

Type in trading or trading system etc. etc. and spend 1-2 hours a day or even more visting videos and clicking on new links. Take good notes and also do side research. In 3 months you will be decently informed atleast. :D:D:D
 
toc said:
I know of excellent Prop Firm who does only education and does not charge any money. They will not let you open and account or trap you into high frequency commission trades or leverage.

The firm's name is YOUTUBE.com !!!!!!!!!!!!!!!!!!!!!

Type in trading or trading system etc. etc. and spend 1-2 hours a day or even more visting videos and clicking on new links. Take good notes and also do side research. In 3 months you will be decently informed atleast. :D:D:D
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Thank you. Do you have any favorite trading channel at youtube that you can recommend. There are too many there...who worth learning from. Millions THX:)
 
sp2020 said:
Thank you. Do you have any favorite trading channel at youtube that you can recommend. There are too many there...who worth learning from. Millions THX:)
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Watch all of them.

Im serious. I did.

Dont put 100% faith in any of them, but make notes of things they have in common.
 
trading is a whole ocean so cannot tell what to learn and not. just type in your favorite indicator let's stay StocRsi and just like Google search, you will get various hits and go from there.

this guy http://www.youtube.com/user/SchoolOfTrade/videos
has more than 1000 vids, this is a good start.

although forex trading is not something one should advise others, IMHO.

also, trading markets has lot to do with 'screen time'. after certain point one gets to know market behavior just by seeing the price action fold out or charts. after 1000, 5000 hours, 10,000? 5000 means nearly 3 years!

trading is not easy game. here is a small example of how the top smarts at the big firms returned over the years.

http://qz.com/175450/george-soros-fund-killed-it-in-2013-but-hedge-funds-didnt/

But on average, hedge funds returned only 9.3% in 2013, according to data compiled by Hedge Fund Research. (Though there are several hedge fund indexes that offer slightly different reads on how well the industry did last year.) That means they trailed the S&P 500, which returned roughly 30% last year, by the widest margins since 2005, according to Bloomberg. Bloomberg reported a 7.4% return for the hedge fund group last month, but noted that only 56% of the 2, 257 funds funds it tracks had reported returns, which may account for the difference in HFR
 
Thank a lot guy:)

toc said:
trading is a whole ocean so cannot tell what to learn and not. just type in your favorite indicator let's stay StocRsi and just like Google search, you will get various hits and go from there.

this guy http://www.youtube.com/user/SchoolOfTrade/videos
has more than 1000 vids, this is a good start.

although forex trading is not something one should advise others, IMHO.

also, trading markets has lot to do with 'screen time'. after certain point one gets to know market behavior just by seeing the price action fold out or charts. after 1000, 5000 hours, 10,000? 5000 means nearly 3 years!

trading is not easy game. here is a small example of how the top smarts at the big firms returned over the years.

http://qz.com/175450/george-soros-fund-killed-it-in-2013-but-hedge-funds-didnt/

But on average, hedge funds returned only 9.3% in 2013, according to data compiled by Hedge Fund Research. (Though there are several hedge fund indexes that offer slightly different reads on how well the industry did last year.) That means they trailed the S&P 500, which returned roughly 30% last year, by the widest margins since 2005, according to Bloomberg. Bloomberg reported a 7.4% return for the hedge fund group last month, but noted that only 56% of the 2, 257 funds funds it tracks had reported returns, which may account for the difference in HFR
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EverythingIhad said:
Bright trading and T3 are the only firms left that I would do business with. The business is really just about done. If you don't have a 100k to get portfolio margin at a standard brokerage firm like IB, I really don't think you should be trading anyway. And if you have that kind of money what do you need a prop firm for? Prop firms are for broke ass traders that are under capitalized, period. You pay higher rates in exchange for leverage that you probably can't handle. Who needs that? Stick with IB.
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100K to day trade? Are you kidding me? That is nothing in terms of buying power. Using prop gives you access to BP in the millions and commissions are cheaper than standard broker rates.
 
Listen idiot I'll explain it one more time. 110K at IB is 600k in buying power( overnight). That is good enough for me. Don't lie and say prop firms are cheaper in commissions and interest, because that is bullshit. You punks are frickin newbs, good luck making money.
 
EverythingIhad said:
Listen idiot I'll explain it one more time. 110K at IB is 600k in buying power( overnight). That is good enough for me. Don't lie and say prop firms are cheaper in commissions and interest, because that is bullshit. You punks are frickin newbs, good luck making money.
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why are you such an asshole? And prop firms are cheaper commissions. Your extremely uneducated and an asshole to boot, how about you go find another forum to spew you moronic statements
 
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