They are not a broker dealer. They can't accept risk deposit or the Sec would come down on them. (read the Tuco case). In any case, taking a...
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Exactly. Without the PDT 25k rule, these scam prop shops will not have so many being forced to forfeit their entire trading account to be with the...
To be fair to traders and protect themselves, firms can charge a monthly tuition no much more the permitted monthly loss. The "tuition" is waved...
I just re-read your PM: When did u switch from Keystone to T3? BartS When did u switch from Keystone to T3? BartS When did u switch from...
Help? If u really are trying to help a newbie, you would warn against scams that require an enormous upfront fee. Instead, when a newbie has the...
Does JC have an online live room? I will do a search.
10k is a lot. I hope your investment gives a profitable career for many years to come.
Thanks BartS. T3 may be one of the better places. I hope u make it.
I mentioned it in a pm only when asked. The room was helpful for a newbie learning the basics. It was very inexpensive. I spent less than $200...
How fast is 5k gone? As soon as u give it to a prop firm. It is the firm's money as soon as u hand it over. That is the American way. I don't know...
Hippie is smart enough not to get scammed. Hippie don't like to see others getting scammed. Hippie is happy being a hippie much of the time....
Perhaps another newbie avoided the scam. That will upset all the shillers for the scam shops. Have a good day all.
Canadian firms are better than American ones in being fair to the trader. In any case, I am going to learn on my own, practice, practice and...
No. You are not risking anything of the firms. You give them them the capital - that is how you end of trading THEIR CAPITAL. You are trading the...
Go for it, if u had given such firms many thousands and now making a living trading for the firm as a result. Good for u! My sense is that you...
I guess my posting here is upsetting all the shillers!
I don't want to hold much of anything overnight! Not with my limited capital. Thanks. I guess I was frustrated with the the scams I run across....
Real prop firms don't take newbies my age. I tried many firms - the only ones that responded turned out to be scams. Well, I will find another...
They don't risk anything ever!! They pocket many thousand upfront. Since the new trader is limited to a very small loss a day, and be put back...
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