setting up trading arcade

Would like to introduce myself...just joined today.

I am about to start training as an arcade trader in the city. I am fully aware that it will be an uphill stuggle for a while, as I learn the ropes, but I will make money.

I am already thinking about long term career, and am interested in knowing what is needed to set up my own trading arcade office in hertfordshire away from city life, but in a vibrant affluent area. I know some other houses are in Surrey, Essex etc so it is possible,

I am prepared to honour my contract, and am prepared to put the hours in but at the same time am considering my long term future.

Anyone who has any ideas on start up capital, equipment needed, strategy for running arcades ( profit split/self funded/fully backed) please share this information. I would be most grateful.

Also I need to have access to training, as this venture will require hiring of trainees. I have no trader friends etc so I am in difficult situation. Will firms such as Mac Trading provide their trainers for example for a fee?

This is a long term venture, probably will evolve over the next year and a half. I believe local traders will continue to become more popular as time goes by. Anyone interested in setting up a reputable office/arcade please feel free to give me a buzz.

Sorry for this long winded post. I hope to hear from some of you experts soon.

Cheers

Just trying to flesh out your idea....
what will make your trading arcade different from the others?
What research have you done so far?

What exactly is a trading arcade? I'm a yank!

Trading arcades are places where all your floor traders will end up when
your futures exchanges finally go all electronic.

Shiv

If you dont mind me asking, which trading arcade are you starting training at?

Hi Shiv,

I was thinking of the same a while back. Nowadays there are so many good quality trading platforms out there that all you you would need to set up a smallish arcade is a couple of computers and a big, very reliable connection to the net.

My idea arcade however would accomodate lots of window area and natural light - spacious desks with those posh expensive chairs - workstations with 3 TFT screens each - a very sexy receptionist/tea girl (ooops.... sorry i mean 'personal assistant') pool tables, relaxation areas, fully furnished kitchen swimming pool, sauna and jacuzzi. Oh, and a stunning on-site masseuse.

Watcha think!

Divinci, gis a shout when your finshed because I could sure as hell work in a place like yours!

Divinci

Sounds like traders heaven however you missed out a further two very important features.......

1) A fully stocked cocktail bar with a range of vintage champagnes

B) A brand new chauffer driven Mercedes S class to get to and from the office


I.T