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How to be a trader for a company?

  • #341
  • Oct 21, 2008 11:22am Oct 21, 2008 11:22am
Quoting 4xWheels
There's at least a couple blogs out there where the authors are attempting to take a $500 account to $150K in less than 10 years. Start with that plan and I'd say after a couple years, if you're for real, you'll be a long ways towards proving yourself. Good luck!
I know of Joel's forex challenge, what is the other?
Same Whore .... Different Dress
  • #342
  • Oct 21, 2008 11:26am Oct 21, 2008 11:26am
Everything is possible, all you need is focus and consistency.
  • #343
  • Oct 21, 2008 11:47am Oct 21, 2008 11:47am
Quoting toti1972
Good thread,

But I have a question to whoever wants to take it.
I am studying/demoing/trying forex (systems/news/tecnical analisys,etc) for almost 2 years.
After all that period of time, I started a demo acc 6 month ago to play it like it was a real and who knows some day use it as a proof of consistent profitability.
6 month and I am up 80% in my acc, I am consistent week after week...
Ok but my question is...
What is next for me?
I got no money to invest for myself, I got too many debts, no loans to take, bad credit, near bankruptcy (what else, well I think my point is well taken...) but i got some good results. I am not saying here that I saw the light, but I think it is time to go for real. and I don't know how.
How can I get an investor who is willing to give me a chance to trade for him/her, starting with a small acc, let's say 10K?
Or otherwise, what am I supposed to do at this point?
Thanks for the advise...
Does your [demo] broker offer managed accounts? If so, why don't you start by contacting them - they can see your track record on file. Perhaps you should offer them to work for free during some trial period, managing small [or even demo] accounts. Approach other FX brokers, go to trade shows - just be creative. If that's what you really want to do - go for it, and eventually you'll get it. Despite others' criticism or judgment, you know what's right for you. Search meetup for traders or investors in your area, find a way to network with some big dogs - the possibilities are endless.

I wish you the best!
6pack
  • #344
  • Oct 22, 2008 5:43am Oct 22, 2008 5:43am
Quoting 6pack
Does your [demo] broker offer managed accounts? If so, why don't you start by contacting them - they can see your track record on file. Perhaps you should offer them to work for free during some trial period, managing small [or even demo] accounts. Approach other FX brokers, go to trade shows - just be creative. If that's what you really want to do - go for it, and eventually you'll get it. Despite others' criticism or judgment, you know what's right for you. Search meetup for traders or investors in your area, find a way to network with some big dogs - the possibilities are endless.

I wish you the best!
6pack
Good idea bro, but never lose em money cos...................
  • #345
  • Oct 22, 2008 6:10am Oct 22, 2008 6:10am
hallo forexter, I have some question, Did forex is halal according islamic rule ?


thanks



agung pambudi
moslempic.blogspot.com
  • #346
  • Oct 22, 2008 6:43am Oct 22, 2008 6:43am
Quoting agungpambudi
hallo forexter, I have some question, Did forex is halal according islamic rule ?


thanks



agung pambudi
moslempic.blogspot.com

Bro,
I aint moslem but I think there's nothing wrong with Forex, it is selling and buying. Buy dollar and sell dollar to make profit, buy euro and sell euro to make profit. It should be halal.

Cheers
  • #347
  • Oct 22, 2008 12:45pm Oct 22, 2008 12:45pm
Quoting johnedoe
I know of Joel's forex challenge, what is the other?

http://www.setterandforgetter.com/
  • #348
  • Oct 23, 2008 6:27pm Oct 23, 2008 6:27pm
currently im also looking for job as trader, http://www.forexfactory.com/showthread.php?t=119085
  • #349
  • Oct 23, 2008 8:18pm Oct 23, 2008 8:18pm
Quoting everyonerich
currently im also looking for job as trader, http://www.forexfactory.com/showthread.php?t=119085
With all that experience I would like for you to trade my 200K account.
You can email me at [email protected]
Same Whore .... Different Dress
  • #350
  • Oct 23, 2008 9:39pm Oct 23, 2008 9:39pm
Quoting johnedoe
With all that experience I would like for you to trade my 200K account.
You can email me at [email protected]
im not gonna use the exact same strategy on it, it needs a tweaking to be really safe to trade.
  • #351
  • Oct 23, 2008 9:49pm Oct 23, 2008 9:49pm
Quoting everyonerich
currently im also looking for job as trader, http://www.forexfactory.com/showthread.php?t=119085
Why don't you just trade for yourself ???
  • #352
  • Oct 23, 2008 9:58pm Oct 23, 2008 9:58pm
Quoting everyonerich
im not gonna use the exact same strategy on it, it needs a tweaking to be really safe to trade.
yeah right.....
Same Whore .... Different Dress
  • #353
  • Oct 23, 2008 10:34pm Oct 23, 2008 10:34pm
Quoting johnedoe
yeah right.....
http://img505.imageshack.us/img505/5922/todayos9.jpg
  • #354
  • Oct 23, 2008 10:39pm Oct 23, 2008 10:39pm
Quoting Schminner
Why don't you just trade for yourself ???
i need some volunteer programmer help me tweak several things first, but im not programmer.then forward test with it until proven, then i'll trade, but needs certain amount of capital, which is actually difficult. i rather trade for company or if someone wants me to manage his/her fund is fine too. i can forward demo test to anyone until they are really satisfied.

more discussion can meet face to face,

Richard
location : melbourne, Australia
email : [email protected]
mobile : 04 31724965
  • #355
  • Oct 30, 2008 2:22am Oct 30, 2008 2:22am
Go to www.onestepremoved.com.

Quoting everyonerich
i need some volunteer programmer help me tweak several things first, but im not programmer.then forward test with it until proven, then i'll trade, but needs certain amount of capital, which is actually difficult. i rather trade for company or if someone wants me to manage his/her fund is fine too. i can forward demo test to anyone until they are really satisfied.

more discussion can meet face to face,

Richard
location : melbourne, Australia
email : [email protected]
mobile : 04 31724965
  • #356
  • Oct 30, 2008 5:57am Oct 30, 2008 5:57am
Quoting agungpambudi
hallo forexter, I have some question, Did forex is halal according islamic rule ?


thanks



agung pambudi
moslempic.blogspot.com
Not quite understood you
  • #357
  • Nov 1, 2008 2:01pm Nov 1, 2008 2:01pm
It simple to get a job has a currency trader. Many firms will allow you a couple of days trial and if any good will take you on a 3 month contract and then you will be offered full-time employment.

I work for Barclays and there is no previous experience required.
  • #358
  • Nov 1, 2008 2:15pm Nov 1, 2008 2:15pm
Quoting cybernet69
It simple to get a job has a currency trader. Many firms will allow you a couple of days trial and if any good will take you on a 3 month contract and then you will be offered full-time employment.

I work for Barclays and there is no previous experience required.
Is this a joke?

You make it sound as if Barclays will let anyone walk in off the street, give them a trading terminal, and let them trial trade for a couple days on the house. I'm sorry, but that's insane. That might be the case for a run of the mill prop shop ('arcade' in the UK), but not for the ibanks.

Keep in mind nearly all ibanks and other investment houses are laying off traders in droves, Barclays among them.
  • #359
  • Nov 1, 2008 2:34pm Nov 1, 2008 2:34pm
Barclays offer an open day every 3 months whereby individuals can go along and have a go at currency trading. Its limited to 6.

All you need todo is send a letter to them to get registered. Include your CV etc but there is no requirement to have been a trader for a firm previously.

Yes, Barclays (and others) are laying off currency traders but not the ones that consistently make them large amounts of money.
  • #360
  • Edited 3:09pm Nov 1, 2008 2:59pm | Edited 3:09pm
Quoting cybernet69
Barclays offer an open day every 3 months whereby individuals can go along and have a go at currency trading. Its limited to 6.

All you need todo is send a letter to them to get registered. Include your CV etc but there is no requirement to have been a trader for a firm previously.

Yes, Barclays (and others) are laying off currency traders but not the ones that consistently make them large amounts of money.
Interesting. All I can say is that on the NY front (and this is mostly pre-2008) the competition to get on a desk anywhere is obscene. Some of my acquaintances come from the highest of academic and experience pedigrees, and they can barely get a call back. A first or second interview practically necessitates a PhD in applied physics (since much of the buy- and sell-side order flow is algo-driven these days).

I've never heard of the program you describe at Barclays, that sounds great, was it a well kept secret? Must certainly be UK-only. I can't even begin to imagine how flooded such a program would be here on Wall St these days..
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