dennis14685
Newbie
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Hi Guys,
I am a forex trader mainly trading the majors- EUR/USD/JPY/CHF. I am currently living in London and have been working for a prop house until December 2012, when the managers decided to close down the fund. I have a successful track record on my own account and was just starting to make money at my ex job in the prop house, just before they shut it down. Indeed, my system is quite reliable and last two weeks it had a spectacular performance- 310% return. The problem is that I am trading with a small amount of money, which are still not enough to cover for my living expenses. After my last job (at the prop house), I haven't had any other corporate experience and I have been pretty much trading for my own account. I have had several interviews with other prop houses and some of them offered me a place if I put some money on the table- money which I don't have at the moment. At the same time, I really urgently need a job and feel that finding another trading job could take ages even with a good track record, since almost nobody is hiring right now. That is why, I am in front of a huge dilemma- whether to take any job whatever it is- even a marketing job and leave trading for now, when I have finally built a successful trading system (technical+fundamental+psychology). If I choose that way, I would feel like I have wasted my last 4 years of research and trading experience, but the ugly reality is that I won't be able to support myself financially otherwise. Although my general impression was that I would easily find a job in other financial sectors, it appears that banks in general do not appreciate people coming from a trading background, since I have applied to other fields like Risk, Private Equity, Research, etc. and had zero success. Despite everything, my greatest passion is trading and that is what I want to do for a living and I have the proof I can do it if only I had someone backing me up. But since, that is not happening and the time is passing very quickly, I would appreciate to hear what other people who have walked in my shoes have on mind.
Thank you for your response,
Cheers,
Atanas
Ideal minimum is 25 k at all times. anything over 30K is you pay-check, its difficult trade full time with anything less then 25 k minimum. Extreme leverage would be a half lot. Qtr lot should turn 2000 to 4000 per month if you are a pivot focused trader.