I only received a telephone telephone bespeak nearly a nearby proprietary trading trouble solid that trains their traders. The select grip of is that they accuse tens of thousands of dollars for the training.
We got a sense of savour of this detail scam when Devon was doing around modeling inward the Chicago surface area earlier heading off to college. After getting on around mailing lists, she received postal service together with telephone solicitations from "agencies" that promised fantastic modeling assignments. To qualify, models had to enroll inward their grooming programs (costing thousands of dollars). There were enough of anecdotal success stories, but no difficult indications that concrete jobs e'er came of these "agencies".
Hey, if a modeling way thinks you're talented, they'll sign you lot to an exclusive contract, larn you lot lots of work, together with brand coin from each labor that you lot take.
Similarly, proprietary trading firms brand coin yesteryear splitting profits alongside their traders. If a prop trouble solid is skilled at grooming traders, they'll brand enough of coin yesteryear sharing inward the traders' success. Yes, at that spot volition move "desk fees" to embrace overhead together with a pass-through of committee expenses, but the lion's portion of a prop firm's profits should come upwards from trader profits. That's what aligns the interests of the trouble solid together with the trader.
I assure you, whatever prop trouble solid that is confident of their might to grow together with back upwards talent won't demand to brand their coin from charging sky-high commissions to their traders or yesteryear saddling them alongside huge fees for grooming together with overhead. Their interests are *not* aligned alongside those of traders. Like the pseudo modeling agencies, they essay to larn equally many people inward together with out of their doors, paying the big fees.
In short, the shady firms are selling a dream together with a fantasy, non a career.
Please practice due diligence earlier committing yourself to an expensive together with disappointing venture. If you lot tin display promise, prop firms volition desire you; you lot won't demand to pay them to arrive the door.
RELATED POSTS:
Steps Toward Joining a Prop Firm
Things to Consider When Joining a Trading Firm
.
No comments:
Post a Comment