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Can any current Prop traders or recruiter list some essential requirement for a prop trader?

(Last Updated On: January 12, 2012)

Can any current Prop traders or recruiter list some essential requirement for a prop trader?

 

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Most/All require a Series 7 License.

 

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Are you looking for a Prop Firm to trade with?

 

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Are you talking legal or philosophically?
One answer- good record keeping

 

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Essential Requirement? A Record Card.

 

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I’ve just started training in a Prop firm in London. The obvious question is “where are you starting from?”. Good luck!

 

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I agree

But there is a chicken and the egg thing if you have not yet got a record. There are a few people on this group looking. Series 7 is not necessarily required outside the US. A firm or person(s) hiring you will let you know what you need.

Legalities aside, most people do not start making money right out of the gate. You should be in a position to live like a hobo or under family support for a few years so that you can do trades that make sense from a strategic point rather than just because you have to make rent.

If you are lucky enough to find several takers, try and pick the one with the best support – mentor-ship, tools. Don’t worry so much about the payout at first. If you start making consistent $, you will be able to dictate that to a large extent – maybe even going off on your own with your own capital.

 

 

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

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