Prop trading Career advice

[trader_1]

Hello to all, I am new to t2w!

I currently work back/middle office within the financial industry. I am keen to become a trader/broker but opportunities of making the front office step up (broking side) seem to be few and far between! I am very interested in the markets and what with my line of job always involved and have access to see what's going on throughout the day.

I have been trying to gain some research on becoming a self employed trader and have been reading people's thoughts on this forum.

I realise trading is not for everyone and that it's hard becoming a good trader but i feel that if i set my self a target and learn some aspects of prop trading before taking the jump i feel i have the right attributes to do well.

I would be grateful for peoples comments and feedback. Also if anyone can recommend the below I would be very thankful!

Trading simulator?
Relevant trading books?
Trading courses?
Prop firms other than Schneider?

Thanks and look forward to your comments,

 

[rosehound]

Prop Traders :: Proprietary Trading

Not a bad place to start researching

 

[jthetrader]

Trading sim, I'd say Investopedia (it offers both a forex sim and a stock sim)
Books; it really depends on which style of trading you intend to pursue, in terms of analysing a company's fundamentals you can't go wrong by reading Security Analysis and The Intelligent Investor. However they don't provide a great deal of information on the mechanisms of trading, just on how to value a business entity.

Trading courses are a dodgy area, there are, so I am told, an awful lot of rip offs out there. If someone is such a great trader why are they spending their time teaching other people their secrets for a fee? It doesn't stand to reason imo. Information, and in particular info relating to a consistently profitable trading strategy, is like gold dust for anyone operating in the markets.

In the end no-one will teach you how to be a profitable trader, there is general information out there, but you'll have to find your own, unique method; and if you do, I assure you, you will be telling no-one!