Futures Trading... opinions

[mikmo]

Hey guys,

Recent graduate with two very different offers...

- A futures trading role at a propriety trading company, understand it's interest rate futures mostly. 6-9 months training paid only £1080 p/month, once trained profit split is approx 50:50.

- Assurance at PWC. £22000 starting. Sponsored through ACCA qualifications.

Seems to me like one is high risk with potentially good reward. Other is very dull but probably the safest job and qualification going!

How do you guys see the futures trading role? What kind of money and exit options can a new futures trader expect to have?

 

[arabianights]

Kinda depends who the prop firm is.

If the training consists of churning butterflys against spreads against condors and all that kind of stuff... I'd take the Assurance. The former has very little future and a lot of competition from people (and computers) better at it than you. Plus it's boring (although I assume so is Assurance? ).

You can make much more than £22k a year as a new futures trader if you're let lose with decent limits... then again most will leave before six months. Basically, how big of a gamble is this for you to take the trading role? As you're a recent graduate I presume it isn't much of one, in which case it can hardly hurt to try the trading out.

 

[mikmo]

The firm is MET Traders... I am a little worried about them seeing this on here but I guess I am entitled to enquire about the role externally!

I'll maybe ask about the limits etc. No idea how to find out about the way training works.

I am a recent grad and I see your point about not being so big a risk given my age and lack of commitments... but I am keen to start earning real money sooner rather than later.