How to become a prop trader

[bSesncesCb97]

If I've an established track record of being sucessful in the forex market, but dont have sufficient funds, what could I do?

I've contacted some forex brokers, who are interested in viewing my track record.

But is it feasible to become recruited by hedge fonds, banks?

How can you become a prop trader in uk? I understand you have to take a licence, and you can get this permit. If you arn't functioning at this organization, how can you get this licence? Attempting to convince them that you can pay the fee?

[OCTY85]

quote well I guess you're the winner. I don't think anybody will get 14/14

It's different each time, so hard to compare, if you got some simple ones such as, what is the best poker hand, you are able to score increased

[zarbes1965]

Wow, nice work. Looks like is the new winner

[YesCy04]

I believed each question is 5 minutes and I screw up lol! But it is enjoyable!

[YesCy04]

My idiotic brain after realizing the time limit is 5 minutes for the whole test rather than 5 minutes for every single question... So much for being in the finance area and that I didn't get full marks lol...

[zarbes1965]

My idiotic brain after realizing that the time limit is 5 minutes for the whole test instead of 5 minutes for every question... So much to be in the finance field and I still didn't get full marks lol... image

congratulations edwinsieng you're the new champion!

[ShurSoy]

Therefore a question to everyone - I'm having some very good results recently (about two years) and have also been rated in the top per-mille on the Alpari Jackpot contest in Q4, doing great in Q1 so much so along with my trading history I've something to show on a more public level.

I'm considering on opening a PAMM account with Alpari since I have a couple investors, who would like to have their money managed, but I am also considering the option of signing a prop trader contract with somebody. I am currently speaking about the firm FXSTOCKBROKER (Quantative Asset Management Ltd.), but I am uncertain if I can trust them and am still gathering data. I do not need to committ my own time into something that isn't legitimate.

I would very much love people with experience for any advice on who's great, the way to do it, what to watch out for, what kind of numbers are being managed, etc..

My current egies have been comparatively high-risk with potential large drawdowns, but that can of course be reduced with less leverage utilized. My purpose is to have greater amounts of funds under management (5-10million?) Because for me that would mean less anxiety and risks but the capability to maintain income from trading.

So if anyone can provide more information of what's in in terms of prop trading, the way to approach companies and if anybody might have experience with fxstocktrader (the further I check the longer I'm suspicous that it might not be exactly what it sounds ) I would very much love it.

Thank you and regards to all,

[cesty]

You want lots and lots of practice to become a successful trader. You have to know about things and it is possible with more and more practice.

[zarbes1965]

Therefore a question to everybody - I'm having some very good results recently (about 2 years) and also have been rated in the top per-mille on the Alpari Jackpot contest in Q4, doing great in Q1 so far so along with my trading history I have something to show on a more public level. I'm contemplating on launching a PAMM account with Alpari because I have a few investors, who would like to have their money managed, but I'm also thinking about the option of signing a prop trader contract with someone. I am currently talking to the firm FXSTOCKBROKER...

among the first things they'll consider is the draw down. Managing risk is number one priority for trading firms. They are very big on http://www.vantharp.com/tharp-concepts/expectancy.asp

[ShurSoy]

I concur, drawdown is key, as risk management is at the core.

I have a tendency to exchange my public accounts very harshly, and at times drawown happens, but I have a tendency to handle it well as well as leverage playing a important role in drawdown, so my egytrading can readily be accommodated for less risk with lower leverages used. I started FX trading so that I had my share of expensive lessons learned.

So the ideal thing is to simply approach the most well known ones? I do not need to be a part of a trading world, I exchange just a select few currency pairs and eliminate speculation in every thing else; in equities and other investments I'm a value investor, in FX I'm a day swing trader, along with my FX trading is what I need to do with larger amounts of money. Mainly due to market years and depth of experience.

And bad stories out there? I truly need a lot of assurance using a business to forward my financial information, personal information and my money (i.e. Quantative have provided me a 30/70 version, 30% of my funds, 70% of theirs to get the beginning before moving on to 100 percent of their funds...).