Schneider Trader Programme

[Muzz]

Hi,

I'm completely new to trading and I'm due to start a one month trader programme with Schnieder soon. Apparently its a tough process to pass and I was wondering if anyone here has been on the programme and what advice they can give me.

Any comments and advice are welcome

Kindest regards

 

[charliechan]

not been on it but i know a few people at sta.

put your head down and immerse yourself for the duration of the course. yes there is a high failure rate - they only keep the best who show real devotion and dedication - and why wouldnt they? if they are backing traders they will look at all the individuals as 'a trade'. any good trader cuts a bad trade pretty damn quick, and only lets the winners run.

most of it is probably based on how quickly you learn and dont keep making the same mistakes - recognising patterns in sequences etc.

 

[Muzz]

thank you for the advice charliechan.

i basically come from an engineering background. I graduated 2 years ago. however i feel as though the route to high level success is very slow in the engineering sector. And i have read that quite a bit about trading. I've never done it so i'm not sure how i will be at it. most people reckon its nothing to do with ur aptitude, but more so abut ur attitude and personality. I don't quite get how that is so?

Do you reckon its possible for me to earn big (above 50K) in a short scale of time (i.e. 2years) if i'm in prop trading?

I am engaged and soon to get married. hopefully sometime in the summer next year. do you think it's wise of me to go into such a scheme and risk losing 6-9months of my life in the hope something will come up. i mean how likely is it to work out, if i work hard at it?

 

[charliechan]

the harder you work, the luckier you will get.

dont do it for the money. do it because you love doing it or you will not succeed at trading (or anything else)

50k aint big money, and whether you can do it depends on you alone, no one else. it isnt like being a doctor or businessman where you have a fixed salary. you pay your self.

if you dont have the right attitude, you will never get the aptitude.

6-9 months of hard study is nothing, and certainly not lost in the grand scheme of things. how long do people go to university, business school, law school etc? if your girl friend is really worth spending the rest of your life with, she will understand.

 

[advfntrader]

you've never traded ? I'm surprised they wanted to speak to you then, surely they want people who at least have tried themselves...

 

[pboyles]

thank you for the advice charliechan.

i basically come from an engineering background. I graduated 2 years ago. however i feel as though the route to high level success is very slow in the engineering sector. And i have read that quite a bit about trading. I've never done it so i'm not sure how i will be at it. most people reckon its nothing to do with ur aptitude, but more so abut ur attitude and personality. I don't quite get how that is so?

Do you reckon its possible for me to earn big (above 50K) in a short scale of time (i.e. 2years) if i'm in prop trading?

I am engaged and soon to get married. hopefully sometime in the summer next year. do you think it's wise of me to go into such a scheme and risk losing 6-9months of my life in the hope something will come up. i mean how likely is it to work out, if i work hard at it?

What is the failure rate at Schneiders? There is a thread here about Futex and someone said that only a couple of people out of every intake of 20 or 30 get to trade live and most of them leave within a year. The odds appear very low, it may take a long time to get to high level in engineering but at least they pay you on the way up, you'll get nothing in this business.