More prop firms offering training!

This is a discussion on More prop firms offering training! within the First Steps forums, part of the Reception category; Originally Posted by DT No - why would you assume that I really don't understand your POV here - if ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Jul 31, 2008, 7:14pm   #9
Joined Mar 2005
Quote:
Originally Posted by DT View Post
No - why would you assume that



I really don't understand your POV here - if someone is prepared to pay you a salary and back you then I'd have a lot more confidence in that firm than somewhere that has resorted to charging for training. What does that tell you about the sucess rates of traders they've trained?
Indeed. Brett Steenbarger again:

TraderFeed: Proprietary Trading Firms, Arcades, and Scams
Joey25 is offline   Reply With Quote
Old Aug 7, 2008, 12:51pm   #10
 
4 Posts
Joined Feb 2008
Quote:
Originally Posted by DT View Post
No - why would you assume that



I really don't understand your POV here - if someone is prepared to pay you a salary and back you then I'd have a lot more confidence in that firm than somewhere that has resorted to charging for training. What does that tell you about the sucess rates of traders they've trained?
My POV is that there are many more beginner traders than there are salaried and free training jobs. Its a fact that potentially good traders are sometimes not able to shine amongst the competition for places. What are they meant to do?
Laba is offline   Reply With Quote
Old Aug 7, 2008, 1:43pm   #11
BSD
 
BSD's Avatar
Joined Feb 2006
Quote:
Originally Posted by Laba View Post
Its a fact that potentially good traders are sometimes not able to shine amongst the competition for places. What are they meant to do?
Trade.

Trader Dante said it perfectly already here:

"Thought I would just have a quick rant because I see so many posts along the lines of "I really want a job as a trader but I've got no experience..."

Guess what? Traders trade.

Is it really hard to get experience buying and selling when nowadays you can open a trading account in under five minutes?

I don't think it even matters if you lose money, the fact you BOTHERED to do something; to try and actively learn will stand in your favour.

If you want to be hired by firm you need to demonstate INTEREST.

I tell you what it was so disheartening to sit in rooms taking tests with hundreds of graduates who p*ss all over me when it comes to maths ability and then hear them outside in the reception area saying: "God, did anyone know what the price of a barrel of oil is? And what about where the FTSE closed at? I didn't think of checking that in the FT this morning..."

I sat through test papers with a blank look on my face because I'm not that quick - I can't tell you the answer to 1457 X 19 in 8 seconds but I can tell you the closing price of close to 80 markets, what moves them and ways to trade them profitably.

Seriously; I'm gobsmacked: You're interested in the markets but you don't know what the price of oil is? You don't know where the S&P last closed at? Give me a break.

Why do you want a job as a trader? Because it offers the potential to make a huge amount of money and be a big swinging d*ck or because you are genuinely interested in the markets, the way they move and how to use your own skill and judgement to profit from them?

If its the former then you might as well give up now because the odds are stacked against you unless you really want it enough and I believe the desire to make money is not enough. I strongly believe you have to LIVE the market to be a very profitable trader and the only thing that is going to get you through the hard times - the stress, the worry, the fear and all the rest - is the love of it.

I have a feeling thats why the traders I know that are taking home £250,000 a week are still coming in at 7am every morning and leaving at 9pm at night when they could be sitting on a beach sipping Pina Coladas.

Just my 0.2 cents."

http://www.trade2win.com/boards/gene...b-trading.html

This business is about making money, nothing else.

The guy / girl who can make the mostest with the smallest drawdown (OK the second part depends on the outfit / clients you're looking to trade funds for) will get an interview where-ever / whenever they want.
__________________
Markus
Doing without doing
BSD is offline   Reply With Quote
Old Aug 7, 2008, 2:07pm   #12
BSD
 
BSD's Avatar
Joined Feb 2006
Of course, Grants take is priceless as well:

"The City may be racist, sexist, homophobic, anti-semitic, whell-chairist, maybe even ageist but first and foremost, they are capitalist and if you can make them a fortune, all prejudices disappear, as if by magic. Don't be put off."
http://www.trade2win.com/boards/gene...tml#post408744

ResultsResultsResults is the name of the game.
__________________
Markus
Doing without doing
BSD is offline   Reply With Quote
Thanks! The following members like this post: Paul71
Old Sep 1, 2008, 2:16am   #13
 
2 Posts
Joined Aug 2008
FTC's 3 month professional trader program: GlobalTradingCommunity.com

I am planning to take on FTC's Global Trading Community 3 Month Training Program. They charge 5000 pounds. Is it worth it? I am a business Graduate. What is the credibility of this training in the market??? Will I be able to get placed/job in a salaried position post this training???

Please, please suggest. Anyone has done this training, also please reply?

disconnect8teen is offline   Reply With Quote
Old Dec 6, 2008, 2:28am   #14
 
vinicius's Avatar
Joined Dec 2008
Quote:
Originally Posted by disconnect8teen View Post
I am planning to take on FTC's Global Trading Community 3 Month Training Program. They charge 5000 pounds. Is it worth it? I am a business Graduate. What is the credibility of this training in the market??? Will I be able to get placed/job in a salaried position post this training???

Please, please suggest. Anyone has done this training, also please reply?

Really willing some feedback as well..
vinicius is offline   Reply With Quote
Old Dec 6, 2008, 12:31pm   #15
Joined Nov 2007
If you end up learning how to trade why would you want a salaried position?
rawrschach is offline   Reply With Quote
Old Jun 12, 2009, 1:08am   #16
 
2 Posts
Joined Jun 2009
Quote:
Originally Posted by chizi View Post
Hello All,

I ve looked at different prop firms that offer training but am looking for more input before parting with my money! So far FTC's Global Trading Community seems to be the most well rounded (at least in terms of providing info). I'm looking specifically to train to become a trader independently and willing to pay. Done some reading but I would feel more comfortable talking to somebody who actually does it themselves.If any one knows any other prop firms, than those mentioned on the list here;would be greatly appreciated.
Quote:
Originally Posted by disconnect8teen View Post
I am planning to take on FTC's Global Trading Community 3 Month Training Program. They charge 5000 pounds. Is it worth it? I am a business Graduate. What is the credibility of this training in the market??? Will I be able to get placed/job in a salaried position post this training???

Please, please suggest. Anyone has done this training, also please reply?

Have you guys attended the Golable Trading Community programme yet? Wish you hadn't. As this programme along with those similar ones: amplify trading etc. are really naive and ridiculous.
citybroker is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
UK tax for US prop firms alientrade Home Trader 6 Jun 9, 2010 1:20pm
Prop firms : Do they really invest on training? centee Home Trader 36 Apr 27, 2008 7:18pm
Prop Firms in London offering training chizi Trading Firms 2 Apr 4, 2008 11:24am
Firms other than Prop firms in London RothTrader Trading Firms 2 Jan 30, 2008 12:21am
NYMEX Prop Firms jbraswell314 Home Trader 0 Feb 28, 2005 12:20am

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)