Hi, what kind of deal can you expect when working for a firm with regards to pay, profit share etc.? Is there anything you need to be wary of? Ive noticed that a lot of people seem to be taking people for rides with respect to courses etc., are there similar situations with jobs?
minx
Well-known member
- Messages
- 328
- Likes
- 10
Really depends whether you work for a bank or a trading arcade. The arcades usually pay out about 40%-80% with no money down and pretty low RT rates- futures trading. Banks will pay you a hefty salary, work you to the bone and a lower percentage but on a bigger pot.
Depends what you've been offered.
Depends what you've been offered.
If you are interested in a trainee trader position I hear Xconnect Trading are currently recruiting. They only take on a couple of trainees per year and have one to one training.
Atlas are also have a very good trainee trader program with a good success rate.
Personally steer away from the bigger houses, especially if they are taking on large numbers of trainees, these tend to be "mincing machines" taking on 25 trainees hoping two or three make it.
Training should always be free, dont go anywhere that expects or requires payment or for you to put up trading money (especially if they are not FSA registered)
Atlas are also have a very good trainee trader program with a good success rate.
Personally steer away from the bigger houses, especially if they are taking on large numbers of trainees, these tend to be "mincing machines" taking on 25 trainees hoping two or three make it.
Training should always be free, dont go anywhere that expects or requires payment or for you to put up trading money (especially if they are not FSA registered)
