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Hi Guys,

I am a forex trader mainly trading the majors- EUR/USD/JPY/CHF. I am currently living in London and have been working for a prop house until December 2012, when the managers decided to close down the fund. I have a successful track record on my own account and was just starting to make money at my ex job in the prop house, just before they shut it down. Indeed, my system is quite reliable and last two weeks it had a spectacular performance- 310% return. The problem is that I am trading with a small amount of money, which are still not enough to cover for my living expenses. After my last job (at the prop house), I haven't had any other corporate experience and I have been pretty much trading for my own account. I have had several interviews with other prop houses and some of them offered me a place if I put some money on the table- money which I don't have at the moment. At the same time, I really urgently need a job and feel that finding another trading job could take ages even with a good track record, since almost nobody is hiring right now. That is why, I am in front of a huge dilemma- whether to take any job whatever it is- even a marketing job and leave trading for now, when I have finally built a successful trading system (technical+fundamental+psychology). If I choose that way, I would feel like I have wasted my last 4 years of research and trading experience, but the ugly reality is that I won't be able to support myself financially otherwise. Although my general impression was that I would easily find a job in other financial sectors, it appears that banks in general do not appreciate people coming from a trading background, since I have applied to other fields like Risk, Private Equity, Research, etc. and had zero success. Despite everything, my greatest passion is trading and that is what I want to do for a living and I have the proof I can do it if only I had someone backing me up. But since, that is not happening and the time is passing very quickly, I would appreciate to hear what other people who have walked in my shoes have on mind.

Thank you for your response,

Cheers,
Atanas

Hi Atanas,
I am really sorry for your situation and I hope you find a way out.

I have been trading just for one year and It seems I am not so bad.
I love trading and I would like to do it as job. At the moment I trade for a small funds, but I would like to become a Trader with Capital T, but I don't know from where to start. I read a lot about these prop firms but it's not clear to me how they work and how much are they reliable. Could you please give me some more infos on how you started there and other practical suggestion to become a trader?

Cheers!
 
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Hey folks. Just joined yesterday. I've visited this site before but never thought to join until recently. Anyway, I've been trading for about 4 years now. I'm not rich yet, but I'm working on it. LOL I'm finally getting to that point where everything is starting to gel in a meaningful way. I mean, there is a lot to learn if you're going to take this seriously. Technical analysis, fundamental analysis, global macro fundamental analysis, economics and monetary policy, the list goes on and on...

I trade forex but got my start in stocks after the crash of '08/09. After starting forex though, there's no way I can go back to stocks unless down the road I decide to sink 50 grand into some blue chips to collect dividends or something. I got spoiled by the London session and trading stocks during NY is kind of a snoozer for me. I like being able to trade multiple sessions, and you can't beat the liquidity and overall flexibility of the forex market. In my opinion anyway...

Anyway, see you guys around. Happy trading.

 
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I trade the Singapore market.
 
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This site looks like a great source of information, help and advice. After thinking about it for so long, I have started looking into trading seriously, I have been researching the market in FX CFD's for about 6 months part time.

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