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 BSD Trade. Trader Dante said it perfectly already here: "Thought I would just have a quick rant ...

LinkBack Thread Tools Search this Thread
Old Jun 12, 2009, 10:41am   #17
Joined Nov 2008
Originally Posted by BSD View Post

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."

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.
That's a great post by TD.
Black Swan is offline   Reply With Quote

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)