I graduated from georgetown this past spring and have been a paralegal for the past 6 mths. Cant take it anymore...attempting a career switch to trading. Interviewed w/ millenium in nyc and it seemed kind of sketchy. The office was a room that probably fit only 20 traders or so and they asked me to contribute 3-5 g's. Is this commonplace? Also, do I ever see this initial contribution again or I am i flushing it down the toilet. Can anyone recommend any legitamate places to trade. Thanks for any words of advice.
Do a search on Bright, Echo, etc and look at the hundreds of posts here about these kind of firms. You will find out that what you witnessed is very common. As sual, due dilligence is needed
I know those guys, they are decent and honest and also have some nice software ( IQ private label)....You are better off I think in a firm that has only a few traders because you might actually get some attention whereas in a large floor of pro traders you will get lost....just a thought
The guy probably running it is a guy named Robert. If you are new to trading, training is the most important aspect. In that respect, I would avoid them. Training is almost non existent. You have to be pretty proactive to learn something from Robert, but he is a nice guy and he pulls in 1,000 to 3,000 a day, mainly reading specialist books.
The guy probably running it is a guy named Robert. If you are new to trading, training is the most important aspect. In that respect, I would avoid them. Training is almost non existent. You have to be pretty proactive to learn something from Robert, but he is a nice guy and he pulls in 1,000 to 3,000 a day, mainly reading specialist books. ========================================== Call me crazy but if i could sit next to a guy shaking down 1-3k a day as a newbie, i'd be pretty happy..But I know nothing of their trading methods so i will yield to your expertise if you have traded there before
First, thanks for all the input and advice. I really appreciate it. The head trader's name is Robert and I did get the impression that training is pretty much nonexistant. He told me that I would be sponsored for the series 7 but that I should study on my own. Also, in regards to putting up money initially, do you guys recommend this? Thanks again.
Yes, he is definetely profitable but you really have to twist his arm to get him to train you and there are other traders trying his method and some are pretty profitable averaging around a 500 a day, which isn't bad. As for firms that don't require any cap. up front: SCP, FNYS (best bet for a new trader, very competitive, even pays a salary), Heartland (Draw), ETrade Professional (Draw), ETG. Well those are the only ones I can think of. Hope this helps the original poster