"We trade the firm's private capital. Experienced traders have the opportunity to come and trade on our floor for 3-4 weeks to show us a track record on their current account. Once all benchmarks are met we can build a proprietary relationship with the trader and he/she would begin receiving firm capital to trade. Inexperienced traders require $2,600 to cover platform and licensing fees for 60 days, in house courses with our instructor, performance reviews, and mentoring from senior traders. Once training is completed the trader has to go through the same route as an experienced trader and trade their own account for 3-4 weeks. If the trader doesn't have an existing account he/she will have to open one with his own capital in order to show us performance. Once our benchmarks are met we will begin giving the trader firm capital to trade. Our training program is focused on discipline and objectivity. Aside from the courses and support from senior traders we teach you our proprietary signals, and we equip you with the tools to be successful the first day that you trade live. During your training you will spend hours on the simulator using our signals and platform. The transition from training to trading live is seamless you will be using the same signals and platform in both." Advertising on Craigslist. -- The instructor and the senior traders come from a variety of backgrounds. For example on of our senior traders holds the CFA designations and has worked on the CBOE and various hedge funds. Another of our senior traders has been trading private capital for over 9 years strictly for high net worth individuals and he is also leading our development department. The minimum capital requirements were stated in the previous message: Its $2,600 for the licensing, platform, training and mentoring. The only other requirement is that you have to show us performance on a live account that you currently have in place. If you don't have an active account you will have to open one to show your performance. You can trade your own style, but we expect that you stick to the signals for a minimum of three months before you begin developing your own strategies. The signals are not black box. The trader always has discretion. --- What do you think?
yep doesnt hurt to talk to them and see what they have to say. Use common sense and if it sounds too eager, move on to a bigger more established firm.
Thanks guys! BTW - do you know typical payout amounts for shared capital? Is there an industry standard? Or when trading your own capital, what % generally goes to the firm?
from the description above I don't see how this firm is different from others, except that they rob $2600 for setup.
not to mention they rob you of your system if you trade mechanical which some traders do ah such is life