Day Trading & Forex Forum

Ferru

Hi

If you're very good at trading, can you earn more from working for a City firm or from working from home?

Regards

Jeff

wasp

Depends how much money you have?!

fifty2aces

If the extra capital which a firm would provide will enable you to increase profits enough to offset both the firm's share of profits, and the potentially increased costs, then trading for a firm will be more profitable.

Also worth considering is psychological issues - some people will feel more pressure when trading their own money, which will impact performance. On the other hand, some people will feel more pressure trading other people's money, which will also impact perfromance.

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Ferru

I take your point, but presumably a very good trader could use their skills to quickly build up a very large sum of money to trade with?

Jeff

fifty2aces

Potentially, but depends on the style of trading - timeframe, scaleability, risk, returns.

If you can make a couple of ticks every day on a thousand contracts, you'll be making a million a year. This would obviously be pretty good, but if you started with a £10000 account, it would take a long time before you'd be trading that kind of size. In this scenario, going to a firm who would allow you to play with some decent size would be ideal.

__________________
Assumption is the mother of all ****-ups