is this a good deal?

[csean19]

just got an offer from a prop firm in nyc.

$500 a week during training period of one year.

start receiving commissions after 16 weeks of 48% (4% given at the end of year and then another 4% after 2 years)

plus health and dental

i know people ask these questions all the time, but it would be nice to hear someone's opinion

 

[DonCorleone]

If trading is your passion then by all means, take it.

 

[slipcitykid]

You should know what you are getting into before you ask for advice. If you are trading at a prop firm you do not get paid commissions. You are not a broker, you are a trader.

You make a profit trading. You will pay commissions and get a % of profits. Before you ask for advice you should know the business you are getting into.

 

[LL8054]

you get paid based on commission, not on salary which i'm sure is what he meant.

 

[slipcitykid]

no you don't get paid on commission. do not respond if you do not know what you are talking about.

 

[Ebo]

That's a new one!
I better generate some more commission then.

 

[LL8054]

ok you're right, you get paid a percentage of profits. commissions and percentage of profits are often incorrectly used synonymously. if you took a little more time to explain that rather than telling people not to respond if they don't know what they're talking about, your posts would be a little more valuable.