I am very confused about arcades after reading peoples comments can I please have someone clear this up I would really like to know if I will be throwing my money away.I know of people who have done very well and others who have failed.I am 23 and have about £20,000 trading capital and enough money to cover costs for about a year.I would like to trade futures spreads in an arcade what are my chances of succeeding bearing in mind I believe have the right attitude and am really interested in trading and the futures markets and am willing to do what ever it takes to succeed.
If you go on a split with an arcade from the off do you still have to pay desk fees and all other costs and then share a profit with the arcade? what advantage does this offer over going 100% self funded where you do not have to share profits.
Can you make a good living from spread trading futures eg over 6 figures or do you have to trade outright for this?
If you do have your own capital and are not a grad is it possible to bargain with the arcade eg put up some of your own money and use some of there money from the off.
If you go on a split with an arcade from the off do you still have to pay desk fees and all other costs and then share a profit with the arcade? what advantage does this offer over going 100% self funded where you do not have to share profits.
Can you make a good living from spread trading futures eg over 6 figures or do you have to trade outright for this?
If you do have your own capital and are not a grad is it possible to bargain with the arcade eg put up some of your own money and use some of there money from the off.