Thanks for your input. If I was in your shoes I think I would tell me the same thing. However the idea of wasting 3-4 years of my life doing something that doesn't technically benefit my career terrifies me. I think my time and money might be better spent developing a track record in those 4 years even if there's a reasonable chance of failure.
It sounds like I'll end up paying higher fees no matter what. As long as I'm working under good traders who want to teach me then I'm okay with that. That's the cost of my accelerated education as opposed to trading alone. I think what I'm going to do is put my name out there with a few firms and in the mean time trade demo like you mentioned. Thanks
There are 3 types of prop firms 1) employee 2) independent contractor 3) member. Prop firms in group 2 & 3 will accept you, may require a deposit and training fees. Of group 1 slim possibility but if you have been successful at poker you may have a shot. However I agree with the previous advice you were given, go to college.
The reason I care about who I work for at the moment is because I want to accelerate my understanding of the markets. It's not to say I'm a prop guy.
Thanks for your input. If I was in your shoes I think I would tell me the same thing. However the idea of wasting 3-4 years of my life doing something that doesn't technically benefit my career terrifies me. I think my time and money might be better spent developing a track record in those 4 years even if there's a reasonable chance of failure.
It sounds like I'll end up paying higher fees no matter what. As long as I'm working under good traders who want to teach me then I'm okay with that. That's the cost of an education. In the mean time I'll definitely set up a ninja trader demo account. thanks
Going to college and trading part-time is a real good choice. If you go to college and gradute the problem is this you have no trading captial so yes trade while you are in school.
Since "more than 95% lose; they just lose", this sounds like a good way to have insufficient money to finish school AND have no trading capital when school is done.
you can always go to school online... lower cost and you can take a class every 6 weeks... anyhow, I wouldnt do NT... why not take $500 and open an oanda account and trade fx micro's for a little while... dont worry about only winning/losing 50c or $1.... treat it as if it was $500K... in the end, the $$$ will have to not matter if you ever want to scale...