I am in my early 30's and have been thinking about a career change. I have always had the desire to become a trader but was concerned about my lack of education. I researched Siwft trade, but now after reading comments about swift trade in here, i am even more unsure if this is the route to go. I see a lot of people say go there for the training and then leave. Where to you go from there? Just looking for any advise people could give, is Swift is a good place to start.
Swift will give you money to let you learn to scalp the markets... you get a 35% payout at first, but extremely low fees, and eventually a 50% payout. If you can make it at Swift as a trader, you can make it anywhere. Going there is a great way to not have to put down your own money while you learn to trade. If you make it at Swift, you'll get to a point where you're making a few thousand per day, and only keeping 35-50% of that; you'll be doing well, but you'll realize you could be getting paid twice as much. That's the point where you save up your earnings and open up a trading account through a prop firm; you deposit 25k, or 5k, or 50k... whatever you feel you'll need, and then you trade from your own home for a 100% payout.
Which Prop firm would you suggest in NY / NJ ? ? Swift is not located in the states. I have my Series 7 and 63 now...but still need the 55.
Im sure most on ET would agree, scalping is the hardest trading style there is. Probably the most fun style though .