I think that a lot of you fail to realize the point of independent trading: not having to work for someone else. It comes down to personality. If you are too unwilling to risk a few thousand dollars for something you want to do, then you should be looking for a job and stop bitching about the small deposits. Nobody likes having capital at risk, but guess what? with the cheap ass commission rates nowadays, no firm will be able to survive
Prop Trading your own capital is not a job. it's an alternative to trading retail accounts. you don't need 25k in your account and the rates are cheaper. these are the reasons you should join a prop firm - for professional trading services.
If you are looking for a steady income without risking capital, don't trade. get a job. it's about time you kids realized that trading is not for everyone and if you don't have the means to trade independently, there is no alternative for you.
Take it from someone with a banking background - a job at Morgan Stanley or Goldman Sachs does not involve discretionary trading. It involves front-running customer orders and market-making to beat the small-time investor.
There is a fundamental you people don't understand: Market participation involves risk. If you want the rewards of being a trader (be your own boss, not answer to anyone, unlimited potential profits) you will need to demonstrate the ability to think on your feet and be responsible for your own performance. If you need security, trading is not for you period. find another job. this is getting ridiculous already with the "i need a salary to trade" posts.
I'm telling you the honest to god truth, corporations aren't out there to help you meet financial security. they are there to make profits for themselves and their share-holders. It doesn't matter if it's a prop firm or a big bank, in the end - you will have to make extreme sacrifices to succeed in such a competitive field.
Prop Trading your own capital is not a job. it's an alternative to trading retail accounts. you don't need 25k in your account and the rates are cheaper. these are the reasons you should join a prop firm - for professional trading services.
If you are looking for a steady income without risking capital, don't trade. get a job. it's about time you kids realized that trading is not for everyone and if you don't have the means to trade independently, there is no alternative for you.
Take it from someone with a banking background - a job at Morgan Stanley or Goldman Sachs does not involve discretionary trading. It involves front-running customer orders and market-making to beat the small-time investor.
There is a fundamental you people don't understand: Market participation involves risk. If you want the rewards of being a trader (be your own boss, not answer to anyone, unlimited potential profits) you will need to demonstrate the ability to think on your feet and be responsible for your own performance. If you need security, trading is not for you period. find another job. this is getting ridiculous already with the "i need a salary to trade" posts.
I'm telling you the honest to god truth, corporations aren't out there to help you meet financial security. they are there to make profits for themselves and their share-holders. It doesn't matter if it's a prop firm or a big bank, in the end - you will have to make extreme sacrifices to succeed in such a competitive field.
