There are one or two firms i know that pay out 95-100%..... If you're experienced and profitable the 80% is the norm ..... If you're doing crazy...
Bottom line is that if you're a beginning trader without a good education or a connection it is impossible to make a living right off the bat....
WTS does take deposits
Don..... I thought that you guys have a 25K minimum, how is that not using the traders deposit? Can a trader deposit an amount less than that?
Thanks alot for the in depth explanation. So what you're saying is that the B/D is allowed to lock up the initial deposit for up to a year but...
I know plenty of people that were not licensed and traded a 4 to 1 account as a recognized professional trader, meaning required to keep 25K min...
So in a situation where a trader puts up 100k to open an account and decides to stop trading after a week, that trader's money can't be retrieved...
Out of curiousity I'd like to know how many people trade their own capital and are required to give a chunk of their profits to the firm they are...
I've had a few traders contact me on the forum lately that have asked me about their money being "locked up" with their current firms. Most of...
I'm just reading what was written in these posts but something really doesn't make sense to me. Over the last 15 years you were profitable but...
Bird, If you are only putting on 3000 shares a day then I think you will have a lot of trouble finding a firm. I'm assuming that you are a day...
Bird, To be honest, it completely depends on how much money you've made. While making money for 10 years is great, at the same time if the...
Bird, Whoever you spoke to is wrong, firms either back their traders or they don't. I have never in my trading career heard of a 50% split on...
The guy whose number is listed is named Elie Mellul.... I would suggest doing some research and looking him up on the www.finra.org website
All that happens if the clearing house is a software provider is that the software comes free since you're clearing thru them. For example, as...
My stuff is a little bit different b/c I don't only day trade. I use sterling and laser to day trade one is automated the other is not. I also...
Out of curiousity, I'd like to know how much the training courses are and what the standard comission is for a beginner there. Thanks.
Mews.... I said you shouldn't trade thru a B/D that doesn't self clear IF YOU'RE TRADING YOUR OWN MONEY. If a firm is backing you, like Schon...
You're misunderstanding me..... There are a ton of NO CAP UP firms that will let you come on, you just will have to build up a bank before they...
All of those shops are excellent, First New York probably being the best for new guys, the only thing is that alot of those shops have brought in...
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