Futex vs Schneider

[Alpha Dawg]

some people hav it...so they can cut it
some people have it, but the its not the right time and right place ... so they cant cut it (at first - may blow up, but will come back as a superstar)

others dont....so they cant cut it
even if they where at the right market and the right time...them folks jus cant cut it.

you gota decide urself.
can u play the rope a dope with the markets?
can u be the mike tyson when the times right?
can u cut it?
cos i dont know if you can or cannot.

 

[rascal07]

Royfm - I was just wondering why Investec advising me against prop firms they also said that the level of training I will receive wouldn't be as good as a bigger firm. I personally like the sound of prop firms and have been applying to them.

 

[rascal07]

Ok guys, I've just accepted a place on the Schneider grad program but I also have a 3rd round Futex interview coming up soon!

i'm leaning on Schneider mostly because the training is in London and lots of people have heard of the company. The general opinion on the forum seems in favor of Futex though. any ideas?

 

[Masquerade]

Ok guys, I've just accepted a place on the Schneider grad program but I also have a 3rd round Futex interview coming up soon!

i'm leaning on Schneider mostly because the training is in London and lots of people have heard of the company. The general opinion on the forum seems in favor of Futex though. any ideas?

Futex if you can. If you get into futex it's a dead cert, Schneider's a lottery and with one hell of an ugly prize.

 

[Magos]

Futex if you can. If you get into futex it's a dead cert, Schneider's a lottery and with one hell of an ugly prize.

if its just for experience and put in the CV both are alright, if it is to make money good luck!

 

[rascal07]

I left uni thinking i was going into an IB but now i really like the idea of prop trading as it gives me much more independence.

With Futex it seems like they try and pick the right candidate and train them up seeing as there are 3 interviews. where as with Schneider i went to one group interview with a basic assessment test and got called the next day saying i got a place on the program.

Is Schneider really that much of a lottery? If i know my sh*t when i turn up and put the work in surely they won't drop me? I don't wanna have to commute to Woking, i'll be miserable!

^^yeh wouldn't mind a bit of cash lol. also what's the ugly prize?
Sorry for the rant, its such an important decision, jus a little confused.

 

[minime69]

i was at schneider.

if you finish the grad course you get taken on by a individual backer not schneider, if you get this far and have your own trading ideas you can discuss them with your team leader/backer. you dont have to stick to what you have learnt on the course, the course is actually just meant to give you an understanding of the futures market.

i'm not aying it is better than futex as i dont them.

 

[Magos]

i was at schneider.

if you finish the grad course you get taken on by a individual backer not schneider, if you get this far and have your own trading ideas you can discuss them with your team leader/backer. you dont have to stick to what you have learnt on the course, the course is actually just meant to give you an understanding of the futures market.

i'm not aying it is better than futex as i dont them.

It's true... but with the individual ideas I disagree. The backer has the money therefore he makes the rules and collects the round turns and the rebates

 

[minime69]

It's true... but with the individual ideas I disagree. The backer has the money therefore he makes the rules and collects the round turns and the rebates

if you have a trading idea/theory you simply discuss it with your team leader/backer, i was a founding member of schneider and am still part of them (as a client).

if you already have a trading strategy/idea then you dont need to do the grad course unless you are just trying to get backing via the back door route.

 

[Magos]

if you have a trading idea/theory you simply discuss it with your team leader/backer, i was a founding member of schneider and am still part of them (as a client).

if you already have a trading strategy/idea then you dont need to do the grad course unless you are just trying to get backing via the back door route.

I was there as well.... believe me had alot of trading Ideas, but in the end I was trading a single product! no I was not through the back door, I was through grad course

 

[minime69]

I was there as well.... believe me had alot of trading Ideas, but in the end I was trading a single product! no I was not through the back door, I was through grad course

when was you there?
who was your team leader?
are you still there?

 

[Magos]

when was you there?
who was your team leader?
are you still there?

I wouldnt like to specify date but I will say team leader (MATT) and no I am not there I am somewhere better

 

[minime69]

I wouldnt like to specify date but I will say team leader (MATT) and no I am not there I am somewhere better

Matt who leads the grad course? all i can say is once you have proved yourself to have discipline and understanding of the markets Matt would let you trade any product that he trades and he trades most products.


well i hope you are trading better than you did and are still enjoying the markets.

 

[Magos]

Matt who leads the grad course? all i can say is once you have proved yourself to have discipline and understanding of the markets Matt would let you trade any product that he trades and he trades most products.


well i hope you are trading better than you did and are still enjoying the markets.

are you still there? and yes Mat from the grad course!

Yes I am sure I am doing better

 

[minime69]

yes i am still part of them although not in the office any more.

 

[rascal07]

Cheers guys, still leaning on Schneider. Do you think it's worth me going for the interview at Futex in case I get voted out in "prop idol." Or will they not look at me if i turn them down in favor of Schneider.

btw what do the bosses think of people using forums such as these? At Schneider they asked in the interview if anybody knew what they mostly traded. I knew a little about them from this forum so i could answer, however they have hardly any info on their website so they must know i use this forum.

 

[minime69]

Cheers guys, still leaning on Schneider. Do you think it's worth me going for the interview at Futex in case I get voted out in "prop idol." Or will they not look at me if i turn them down in favor of Schneider.

btw what do the bosses think of people using forums such as these? At Schneider they asked in the interview if anybody knew what they mostly traded. I knew a little about them from this forum so i could answer, however they have hardly any info on their website so they must know i use this forum.

what do who mostly trade? the guys at schneider were prob just testing your market knowledge and wanted to see if you had done any homework on them.

as long as you are making money people wont mind you reading forums

as long as it is work related you can surf the net all you want, but no porn!

 

[Magos]

Cheers guys, still leaning on Schneider. Do you think it's worth me going for the interview at Futex in case I get voted out in "prop idol." Or will they not look at me if i turn them down in favor of Schneider.

btw what do the bosses think of people using forums such as these? At Schneider they asked in the interview if anybody knew what they mostly traded. I knew a little about them from this forum so i could answer, however they have hardly any info on their website so they must know i use this forum.

just see both companies and see what fits you best

they trade spreads bund/bobl - Euribor spreads, fly's, boxes. oil schatz

 

[minime69]

just see both companies and see what fits you best

they trade spreads bund/bobl - Euribor spreads, fly's, boxes. oil schatz

i agree, go see both companies, schneider wont hold anything against you if you have an interview then dont take the place this time round.

 

[rascal07]

Thanks for the advice guys. btw i've never traded only messed about online online with a virtual trading site.

I guess it is worth me going to the interview at Futex as a kind of insurance policy. If they offer me a place on their grad scheme I can turn them down. So if anything happens at Schneider (as some people have described it as a bit of a lottery), I can ring up Futex and see if I can join their next training program. Probably the most sensible way to go.