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to go with a broker/dealer prop firm or not
- Thread starter mofak7
- Start date
go retail if you can
FredBloggs
Guest
understanding the difference between a broker, a dealer and a prop may be a good start.
the most important thing is to find a good mentor / teacher. if you have to figure it out yourself it will take you much longer and is much more difficult to succeed- if you have someone showing you the ropes you are more likely to do well by all measures, but then the quality of your mentor becomes the most important. if you can find a good prop shop that will teach you good methods without requiring capital contribution, that is the best case scenario.
Quote from dumb_mother:
the most important thing is to find a good mentor / teacher. if you have to figure it out yourself it will take you much longer and is much more difficult to succeed- if you have someone showing you the ropes you are more likely to do well by all measures, but then the quality of your mentor becomes the most important. if you can find a good prop shop that will teach you good methods without requiring capital contribution, that is the best case scenario.
Yes this true... i would love to find a mentor that I can deal with one on one but haven't found that yet...seems prop shops are the next best thing and all of them require some kind of investment (whether it be for training or capital contirbution)...i think 5k is reasonable as long as the operation is good and they care about educating their traders