Quote from tntsimpson:
I've been trading the ES futures for about a year now and just learned about prop firms. Are these places an independent trader can trade a companies capital? Reason I ask is that the main fallback I have as a trader is the lack of captial. Is trading for a firm the best way to resolve a lack of capital issue?
Thanks
Quote from tntsimpson:
I've been trading the ES futures for about a year now and just learned about prop firms. Are these places an independent trader can trade a companies capital? Reason I ask is that the main fallback I have as a trader is the lack of captial. Is trading for a firm the best way to resolve a lack of capital issue?
Thanks
Quote from tntsimpson:
If you have the names of some firms that would be great!
Can you trade from your own home?
What should i expect when going through a firm to trade?
Quote from Surdo:
If you can trade ES with a $500 performance bond, why do you need a prop firm?
There are very few, if any, firms that are going to give you more leverage than that to trade in your sweatpants @home.
Quote from veggen:
I would think the main reason for wanting to trade for a prop firm, (a true prop firm where you trade for THEIR capital) is that you trade with NO risk (other than getting fired). This means you can trade much larger size without talking any risk. A lot easier trading bigger size when you trade someone elses money..
Quote from Surdo:
Anybody asking this question on this board has more than enough BP with a $5000 account!
No "firm" in their right mind is going to give someone a pad with no deposit or track record to flip 50 lots.
It is nice in theory to trade ES with OPM @ a prop firm, but in the current market climate, it is not happening without a proven track record.
good trading!
el surdo