Trading for Institution or for yourself ?

Nuadarne

Member
85 10
That depends only on your funds. If you have enough funds, it will be better to start trading on your own and find reliable broker that will give access on market. The truth is that to trade independently you need no less than $100,000 and even in this case, it's better to have intermediary that will save your time. All traders do a lot of actions, that take seconds or minutes, but all combined they will take 1-2 hours per day and broker reduce number of such actions. Another option is to find company and work as company's broker. I think it's good way to earn money and then start your own trading, if you don't have money. Such brokers receive money from company and trade with them, so your risks will be lower, however possible profit will be lower as well.
 

hatemypips

Established member
572 41
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.
 

Dujin333

Junior member
23 1
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.
 

MasterOfCoin

Well-known member
393 143
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

Experienced member
1,136 25
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.
 
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