Which prop firms have the best training?

they all provide extensive training consisting of a multi layer program:

1. Brainwashing you about how much $$$$$ their traders make and how you can be just like that if you trade well.

2. Explaining to you that trading well means practice, practice, practice, so you should make A LOT of trades every day, regardless of your P&L.

3. Pushing you to trade more when you slow down after your account is down 50%, explaining that all their best traders showed no fear when they lost, and now they make millions.

4. Once your account approaches zero they kick you out and replace the resource (i.e. - get another sucker with a fresh account).

Good luck with your training!

disclaimer: this did not happen to me, because i was smart to open my eyes when my account was down only 10%. however i saw the story repeat for most of the traders in the office. now i trade privately and no complaints there.

PS moderator - i find my post extremely relevant to the thread. i am sure the guy who started it isn't interested only in WHO provides the best training, but is also interested in opinions about the -quality- of training provided by prop firms, and whether this training will benifit him, or perhaps burry his account instead.

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Quote from lescor:

I think you need to educate yourself a bit more on prop firms.

I've traded at three different places over the last few years and no one tells me what or how much to trade. I hold overnight as much and whenever I want. I answer to no one. I keep 100% of my profits. I pay lower commissions than almost any retail place offers. I withdraw cash whenever I want and it's wired to my bank account within 24 hours every time.

I have access to as much capital as I need to execute my strategies. I never miss opportunities because I don't have enough margin. I can employ strategies that retail traders can't unless they have a 7 figure account. I only keep a modest amount of money in my account and can free up my capital to use in other ventures like real estate, thereby putting it to work more efficiently. There are a number of firms that are solid and reputable where your cash is not at risk of a blow up.

There is a large % of the trader population that wouldn't really benefit by joining a prop firm. But a lot are missing out purely because of ignorance.
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I can't agree more. There are way too many "traders" out there not taking advantage of Prop Firms and there are just as many who have no business trading with a firm.
 
I happen to agree with Enzo.... Prop firms promise leverage because they want you to generate commission. Try sitting there for a few days and tell them you are picking your spots. LOL, you will be gone within minutes.



[EDIT BY MAGNA:] Guys, this is the last post on the "worthiness" of Prop firms. The thread is about who has the best training. Stay on-topic and if you want to discuss the value of the Prop firm model and the techniques they use to generate money then please start your own thread. Thanks.
 
http://www.firstnewyorksecurities.com/trading.htm

50k a year while training, so the site says. Anybody have anything on them?

HLVtrading.com someone mentioned earlier, however I spoke w/ a guy earlier who wouldn't "say anything specific about them, but..." thought they were shady somehow. ?

Avidustrading.com - anybody?
tradexgroup.com ? they're in my favorite city of Boston, but require 10k down.

-K
 
Quote from jungleland78:

watch out for traing programs where the trainer is either a drug addict or a gambler..
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somehow I feel you're personally familiar w/ this situation.
 
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