Yes I experienced the same thing while looking for Futures shops around here. I would much rather trade Futures but given that I am new to trading I think that some time with others on an active floor is better for me right now than swinging it alone. (and active equities trading floors are plentiful in NYC) Thanks for the info though, its good to know that one can segue this way.
Just curious: Who the hell would need a FX prop shop when the brokers are giving up to 400:1. 25:1 is more than enough and is dangerous enough, in my opinion. Do you smell something? I smell something.
The only benefit to go prop in FX would be if they provide training. Also, if your positions are getting liquidated because of margin requirements during losing trades, it may be a benefit to have more prop frim capital in your account to keep you in your trades.
"Stock market trading on a daily basis". Russian translation for "Daytrading"? That's why I took Spanish in school.
probably meant .015/share, or $15.00/1000 shares traded. sounds more like a brand new trader deal (although pretty shitty regardless)
That is easy to find. What I am looking for is the "right" trading firm for me. As, I expect, everyone else is as well.
Ok...so what makes a trading firm "right"? I would love to know some of the guidelines/qualities that experienced traders look for in a job.