Futex

This is a discussion on Futex within the Trading Arcades forums, part of the Trading Career category; Any views (graduate program, ~ number of successful traders, which markets they focus on etc.) on the company from current/former ...

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Old Feb 13, 2007, 10:08am   #1
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Any views (graduate program, ~ number of successful traders, which markets they focus on etc.) on the company from current/former traders?

many thanks. map
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Old Feb 14, 2007, 10:27am   #2
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Quite a small set up compared to some of the other arcades but heard they are quite good think they clear through Marex.If your're considering trading at an arcade just remember it is possible to make it but it is extremley hard to do so and when I say hard I mean hard, it is probably easier to shoot your own mother.
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Old Jun 23, 2007, 7:05pm   #3
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How so,
I have an interview next week and i hear so many different storys, some like you say its practically impossible to break even unless you are a genious, while others say making decent money is ok--makeing big money is harder....
It must be an O.K job, seeing as i have seen quite a few arcades in existence will floors consisting of hundreds of traders, im sure they are all satisfyied with the money they are making, unless the arcades would be empty no?
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Old Jul 16, 2007, 9:33am   #4
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I am amazed how many times we see the same questions on these threads. Trading is an art and to be good at it requires skills that you cannot teach. Yes there are many trainee trader programs out in the market just as there are football training programs and like football anyone can teach you the fundamentals of the game but it don’t mean you are going to be a premiership footballer making loads of money.
Yes you can make a living and yes if you have the naturals instincts, the discipline and the right mental attitude you can still make good money, but the odds are stacked against you.
The good trainee trader programs will soon give you an idea whether you have the aptitude for trading but you don’t have to pay for the privilege and you shouldn’t part with good money under any false promises or illusions, far more fall by the wayside than make a living from prop trading.
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Thanks! The post above is recommended by: charliechan , bizmanny , rawrschach
Old Jul 17, 2007, 1:34pm   #5
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Quote:
Originally Posted by Parky View Post
I am amazed how many times we see the same questions on these threads. Trading is an art and to be good at it requires skills that you cannot teach. Yes there are many trainee trader programs out in the market just as there are football training programs and like football anyone can teach you the fundamentals of the game but it don’t mean you are going to be a premiership footballer making loads of money.
Yes you can make a living and yes if you have the naturals instincts, the discipline and the right mental attitude you can still make good money, but the odds are stacked against you.
The good trainee trader programs will soon give you an idea whether you have the aptitude for trading but you don’t have to pay for the privilege and you shouldn’t part with good money under any false promises or illusions, far more fall by the wayside than make a living from prop trading.
trading isn't easy and there is a learning curve like any skill. Trading can be taught and bar the need to be disciplined and the need to learn how to take a loss i think most people of average intelligence can trade. Trading can be taught as an art form or it can be taught in a much more scientific manner, i believe it just depends on the way that the indivual was taught and their own beliefs of how the market works.

I for one think that as long as a person has an understanding of quantatative algorithms or technical algorithms then trading can be a scientific endeavour. If a trader beleives that algorithms can not beat the market and trades with discretion live in the markets this opens up a whole new can of worms. trading off short term time frames like this can be very hard, in my observations few will survive this way, the emosions involved can be very intense and the discipline can also be very hard to maintain.

Developing profitable algorithms is an advanced skill but if u can find a person willing to teach u how then i think your chances are massively improved.

Cheers

Charlie
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Old Aug 22, 2007, 5:53am   #6
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Originally Posted by mapuata View Post
Any views (graduate program, ~ number of successful traders, which markets they focus on etc.) on the company from current/former traders?

many thanks. map
Futex run a very successful graduate program. Our retention rate and number of traders reared from scratch is excellent. We currently have 45 live traders of which 35 have come through our training program.

We have atleast 6 traders who have returned over the magic 7 figure number. 2 of them from our training academy, I expect at least another 6 graduates to do that within the next 12 months as they mature. With more to follow in due course.

August 2007 has been a record braking month for Futex

We focus on bonds, currencies, stock indexes, gold and oil.

I hope this helps answer your questions.

kind regards

Futex
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Old Sep 7, 2007, 3:33pm   #7
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Futex,

Congrats on having that Australian make the top 30 U30's. Its pretty meaningless list imo but its nice to see some locals in thier vs the hedge fund losers

Not long before im there
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Old Sep 11, 2007, 5:44am   #8
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thank you black-star,

we have a few "locals" here who are rising stars. Our Australian friend is an excellent trader, and what the article does not reflect on are the hours and hours of hard work that he has put in. The early frustration, and general ups and downs, as well as the great trading days
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