rich_l
New Contributor
Yes, basically there are firms that run educational courses, supply materials, and allow "paper" trade accounts while the students study and practice their methodologies. Usually involves experienced traders and risk managers if you trade well and make the cut they allow you trade their account at your individual limits with guidelines and supervision. You have to be careful where you look and who you follow, its like anything else - due diligence can save thousands. Also know that you will trade an enormous amount of time for the chance, time in chatrooms, making trades, studying, reading, working through the educational program at the same time you're in the account and trading. Basically to start you will be in a full time course while working a full time job.
Basically you'll trade the way the firm teaches, stay inside the account and trade limits, execute trades, on the firms clients' capital. The idea is the firm gets fresh capable traders tested and confirmed by the selection process, the trader gets to use other capital for trade execution. So the firm is polling talent from a wide audience and keeping the most promising, it also helps spread capital and diversify the trade executions in theory capturing more of the market dynamic.
Hope that helps, search around and you'll find firms will give you free info via a sales call to get you to pay the registration fees. Again remember these are sales calls, there's no guarantee they'll bring anyone on as a prop trader and the fees and registration costs won't be refunded. It is valuable as practice though.
Basically you'll trade the way the firm teaches, stay inside the account and trade limits, execute trades, on the firms clients' capital. The idea is the firm gets fresh capable traders tested and confirmed by the selection process, the trader gets to use other capital for trade execution. So the firm is polling talent from a wide audience and keeping the most promising, it also helps spread capital and diversify the trade executions in theory capturing more of the market dynamic.
Hope that helps, search around and you'll find firms will give you free info via a sales call to get you to pay the registration fees. Again remember these are sales calls, there's no guarantee they'll bring anyone on as a prop trader and the fees and registration costs won't be refunded. It is valuable as practice though.
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