Could someone give me a basic understanding of how a prop firm works? I have done searches, but they all seem to come up with responses such as "why don't you use the search function!" If I understand correctly, you fund an account through the firm with their minimum amount, then they allow you to use a large amount of their own capital giving you much more leverage. In return you pay them a percentage of your profits. Do these places require college degrees or any type of long term experience? Are there any places that allow you to trade the eminis from home? I appreciate the help and apologize for the newbie question.