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Title or Swift (Montreal)
- Thread starter malak77
- Start date
http://cftfinancials.com/
these guys have a lot of good traders and a few real swingers in an office in Montreal
I would check them out. Go futures.
these guys have a lot of good traders and a few real swingers in an office in Montreal
I would check them out. Go futures.
I'll give the pros and cons;
Futures prop:
Pros:
-higher payout if you survive (up to 90% if you keep lots of cash in your account)
-more info, bloomberg/reuters
Cons:
-super high desk fees (+3K)
Stocks:
Pros:
-low desk fees (100$ if any)
-more opportunities
-less elitist
Cons:
-stuck with a low payout (40%) until you trade your money
Futures prop:
Pros:
-higher payout if you survive (up to 90% if you keep lots of cash in your account)
-more info, bloomberg/reuters
Cons:
-super high desk fees (+3K)
Stocks:
Pros:
-low desk fees (100$ if any)
-more opportunities
-less elitist
Cons:
-stuck with a low payout (40%) until you trade your money
Quote from Nickels&Dimes:
http://cftfinancials.com/
these guys have a lot of good traders and a few real swingers in an office in Montreal
I would check them out. Go futures.
Thanks I will consider CFT.
Do you know anyone there?
Quote from inktomii:
I'll give the pros and cons;
Futures prop:
Pros:
-higher payout if you survive (up to 90% if you keep lots of cash in your account)
-more info, bloomberg/reuters
Cons:
-super high desk fees (+3K)
Stocks:
Pros:
-low desk fees (100$ if any)
-more opportunities
-less elitist
Cons:
-stuck with a low payout (40%) until you trade your money
Thank for the comparative analysis.
I don't have much preference with regard to which financial instrument I will be trading.
What I believe is really important is getting a great training program and trading besides veterans. This should greatly improve the odds of becoming successful.
Even if you donât care what you trade. The prop firms will. You have to justify what you want to trade. If you trade futures do you want to trade; oil, fixed income, equities?
You have to be passionate about what you trade. Itâs definitely not about money but the market. If youâre not trading what you want to trade you wonât survive when it becomes hard.
You have to be passionate about what you trade. Itâs definitely not about money but the market. If youâre not trading what you want to trade you wonât survive when it becomes hard.
It would be much more accurate to say that the factors you cite may increase the odds of becoming successful in a very limited number of cases in which the circumstances are just right.Quote from malak77:
What I believe is really important is getting a great training program and trading besides veterans. This should greatly improve the odds of becoming successful.
Do a search on Swift here. I don't think you'll find that your chances of getting 'a great training program' or 'trading beside veterans' are even remotely what you may think they are at that churn and burn.
Quote from Nickels&Dimes:
http://cftfinancials.com/
these guys have a lot of good traders and a few real swingers in an office in Montreal
I would check them out. Go futures.
o really...and what exactly would you consider 'a lot'.
they never did hire noobs aside from a short stint. thats not how they currently operate, its just a specific fact. on a general note, thats not how most prop futures firms operate these days. stocks, its different.