Trading for Institution or for yourself ?

[khongminhtn]

Could you guys give me some insight on this comparison ? thanks.

 

[hatemypips]

Could you guys give me some insight on this comparison ? thanks.

To trust some serious money to you prop firms or banks will do their best to ensure your qualified for this job? Are you ready for that? If yes, you can try to work with them for 1-2 months to see if you fit their rules.
Basically trading for yourself is better because trading edge you develop will belong only to you and to nobody else. It's a big advantage we tend to underestimate in the short-term, selling our skills for lower pay than possible.

 

[MasterOfCoin]

Could you guys give me some insight on this comparison ? thanks.

Err, I don't think there is a comparison.

If you are trading for an institution, you are constrained by that institutions limitations on you and expectations of you and by what it considers to be an acceptable level of reward for your efforts.

I'd say that requires a completely different mindset to trading for oneself, with one's own money and efforts.

But that's just my understanding of the question ...

 

[SanMiguel]

I think it's better to start anyway with individual trading, because it will help you to gain experience and sharpen your skills in the market, plus in this case you are responsible and can work on the chart that is convenient for you. If you become a manager and want to manage your client's capital, you will have to provide materials about your results and trading style in principle, show statistics and generally provide a lot of evidence that you can be trusted the money. Of course, if you get a good capital, you will be able to count on solid commissions. But in my opinion, it's a big responsibility.

Don't forget all the exams you need to pass to trade other people's money.
In a bank, you would be limited to a specialist sector, trading analyst recommendations, etc.