First, I'm a noob. Lets just get that out of the way right now. /activate_flamesuit.
Second, I'm looking for the major differences in kinds of Prop Shops that a Trader can work in/at and how difficult it would be to 'get in' given my lack of "Trading Experience"?
1) Shops that just provide leverage; lower commisions; and a platform... what are these called, "Chop Shops"?
2) Shops that provide 'Investment' in thier Traders, poviding support/education, working capital, low commissions, trading platforms/technology, and career development... not sure where these kinds of places fit in: are they just called Proprietary Firms or are they a subsid of a corporation acting as the "prop/trade desk'?
3) Is there something in-between? If so, what?
Third, here is my list of Q's when looking for / interviewing possible employers. Is there anything that you experienced guys would add that I'm not look at, given my in-experience?
- Time and effort each firm puts into training and support?
- Investment each firm makes into keeping current with trading technology?
- Core competencies of the firm?
- The business relationship between the firm and the trader, including fees, commissions, payouts, and benefits?
- The interpersonal environment of the firm: stressed or relaxed; supportive or pressured?
- Success rates among new hires at each firm?
- The presence of successful traders in the areas most related to trading interests?
- Turnover Rate?
- Sponsorship, Career Development, Support, Mentoring, & Education?
- Leverage, Account Size, $ Down, Cost of ¡¥Tution¡¦?
Thanks for taking the time.
Second, I'm looking for the major differences in kinds of Prop Shops that a Trader can work in/at and how difficult it would be to 'get in' given my lack of "Trading Experience"?
1) Shops that just provide leverage; lower commisions; and a platform... what are these called, "Chop Shops"?
2) Shops that provide 'Investment' in thier Traders, poviding support/education, working capital, low commissions, trading platforms/technology, and career development... not sure where these kinds of places fit in: are they just called Proprietary Firms or are they a subsid of a corporation acting as the "prop/trade desk'?
3) Is there something in-between? If so, what?
Third, here is my list of Q's when looking for / interviewing possible employers. Is there anything that you experienced guys would add that I'm not look at, given my in-experience?
- Time and effort each firm puts into training and support?
- Investment each firm makes into keeping current with trading technology?
- Core competencies of the firm?
- The business relationship between the firm and the trader, including fees, commissions, payouts, and benefits?
- The interpersonal environment of the firm: stressed or relaxed; supportive or pressured?
- Success rates among new hires at each firm?
- The presence of successful traders in the areas most related to trading interests?
- Turnover Rate?
- Sponsorship, Career Development, Support, Mentoring, & Education?
- Leverage, Account Size, $ Down, Cost of ¡¥Tution¡¦?
Thanks for taking the time.