I would agree somewhat. A lot of ivy grads trade their own accounts/start their own funds. Generally speaking though, you need a degree from a top...
has nothing to do with bring bright. Most of the exam is about rules & regulation. it's not about trading. It's about the financial services...
the 7 takes 2-3 months or 100 hours minimum to study for if you have little to no industry experience. the 56 should take 50-60 hours of...
Here are about 15-20 good videos - http://www.prop-trading.com/free-proprietary-trading-training/ here is a free guide to prop trading:...
nope this is not true. most strategies can not be scaled up. This is why most blackboxes fail too. A lot of strategies work on a small scale but...
from what I've seen 99th percentile = > $500,000/annually 97th percentile = 250-500k annually 95th percentile - 100-250k per year 93rd...
The tests are at prometric testing centers across the country where all government licensing exams are contracted out to.
to be honest, at 20:1 for 2-3k, you're better off sticking in the retail account. You'll blow out of that 2-3k in a day or two with that type of...
rumor has it velez's traders never traded real cash, just unmarked demo accounts
Hey Matthew, I think it depends on your learning style & experience. If you are a complete n00b, stick with pass perfect. If you're familiar...
I totally agree. Also, many groups operate under the umbrella of a broker-dealer such as the WTS firms mentioned earlier. Structuring a firm this...
yea, the profit margins are not sustainable for a small firm with 100 traders. only the firms with 1000s of traders will remain. Subgroups will...
even if you are insured, SIPC has 99 years to pay you back, legally speaking. The odds of you ever getting your money if a large firm blows up is...
i know the rumor on the street is it was a merger but it definitely was not, it was a very quiet and carefully acquisition from my understanding....
hitnrun, they have 6 that they outright own but they have A LOT of sub groups. At least 25 prop groups and if you include the hedge funds it's...
They are different companies. They have lots of different offices around the world. They have about 5 or 6 broker-dealers in total. FINRA retail...
I agree. I know a few traders that were with them. It's probably not the safest place in america to keep your money but it's far from a scam or a...
This is incorrect. The correct pay structure for a trader is a member with a profit-split agreement. The secretary, janitors, and back-office...
why not just call them and find out?
lol i doubt they're being shut down. There are quite a few ways to operate prop firms legally in an inexpensive manner. I highly doubt the SEC...
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