Sidekicker
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ANy companies that let you trade their funds but from your own setup?
As far as I know, some prop firms might offer you the remote trading option but you will have to prove yourself on their floor first.
Yes plenty of them let you trade remotely. But you usually will have to spend a month or 2 at their offices to prove you have the risk control to be trading with no risk manager to pounce on you. And obviously you will have to deposit enough money with them to cover a couple of months desk fee/ potential trading losses
Yes plenty of them let you trade remotely. But you usually will have to spend a month or 2 at their offices to prove you have the risk control to be trading with no risk manager to pounce on you. And obviously you will have to deposit enough money with them to cover a couple of months desk fee/ potential trading losses
lol @ paying your 'employer' a desk fee![]()
But is there really any point? How much extra capital would they supply per amount of your own capital? Desk fees seem pointless for the rewards you could make doing retail.
Seems a fair point, firstly they do give you a lot of leverage, that isnt to say you couldnt get that size yourself but it would take a lot longer, they can get you moving up the lot sizes very quickly without having the money at the time do it yourself. I went from 1 lots to 4 lots in my second month in some pretty volatile commodities, trading from home I would have needed to spend months saving up the necessary margin.
But id say one of the biggest reasons to consider the prop route is 90% of the traders are scalpers nicking 2-3 ticks 50-60 times a day on big size. Anything less than the lowest commission rates and the fastest dedicated internet lines plugged right in to the exchanges you are going to put yourself at a massive disadvantage. Take the most secure, efficient and cheapest online futures broker and reduce the roundturn costs by 50% and quadruple the trading speed and you are near what prop shop guys work with.
But, having said this, if you trade 1-2 lots and take more of an an intraday position or are looking to do 2-3 trades a day and capture a good chunk of the days range then theres no real point in trading prop becaus connections and roundturn costs dont matter as much and the desk fees would grind your account down during a drawdown
How about an average of 1 trade per day?
If you can already trade then I would suggest staying in the game for as long as you possibly can supporting your own trading.