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Trading For a Proprietary Firm

  • #21
  • Jun 4, 2012 7:55am Jun 4, 2012 7:55am
Well personally i dont have experience in spot forex but i have friends who have and are very keen on prop positions because of lack of capital. Also don't forget you can have more of a crack at a prop firm knowing if you lose a fortune you aren't left holding the bag. Lets be honest thats why most profitable traders remain at prop firms.

The profit split doesnt bother me at all if your split is 50/50 then just use 2x the size you would use on your personal account.
  • #22
  • Jul 9, 2012 7:07pm Jul 9, 2012 7:07pm
Hi guys,

Just checking in again. I've continued to trade well and now I'm really starting to consider trading for a prop firm.

I was wondering if anyone knew of companies in Australia to approach and/or if it is as simple as shooting an email through to them or ringing and letting them know what your track record is and what you can bring to the business.
  • #23
  • Jul 9, 2012 7:33pm Jul 9, 2012 7:33pm
propex is a popular one. they are in sydney i believe.
  • #24
  • Jul 11, 2012 11:03am Jul 11, 2012 11:03am
But is there such a thing where a prop firm would let you work for them from your own house? I imagine they want you in their company physically?
Argue for your limitations, and sure enough, they're yours. Richard Bach
  • #25
  • Jul 20, 2012 10:44pm Jul 20, 2012 10:44pm
Quoting pipsel
But is there such a thing where a prop firm would let you work for them from your own house? I imagine they want you in their company physically?
Propex website says they allow offsite trading.
Come with me if you want to live....
  • #26
  • Jul 21, 2012 10:05am Jul 21, 2012 10:05am
Quoting makybe05
Hi guys,
Some of you guys might know that I am trying to start up a hedge fund. I'm finding it hard to find much info on doing this so I thought I'd explore the avenue of trading for a Proprietary firm as well. Any info is highly appreciated!
You will need to work on your series 7 first and foremost
Know when to hold em, Know when to fold em!
  • #27
  • Sep 11, 2014 7:14am Sep 11, 2014 7:14am
Quoting Intu
(my opinions) Forget about starting a "hedge fund" or working for a prop firm. The costs to startup a fund are extreme in the current regulatory environment, and most Forex "prop" firms seem very dubious to me (i.e. "we charge you $5000 to take our course then we hire you .....) If you are not a very active (scalper), then what money would "prop" firms make off of you? Forget ZuluTrade (unfairly charge potential investors) and Collective2 (less investor activity here) as signal provider services. Though their site is buggy and "less than perfect",...

This post is brilliant! Thank you kindly!
  • #28
  • Sep 29, 2014 6:14am Sep 29, 2014 6:14am
well guys zulutrade is for small retail traders and followers like it or not, not for hedging and big institutional traders. you need to differentiate among the traders needs and the corresponding services offered.
  • #29
  • Aug 19, 2015 2:16am Aug 19, 2015 2:16am
Quoting makybe05
Hi guys, I'm looking at a few different ways to capitalize on my successful trading despite not having a huge capital base myself. I am trading for a few friends and family members. I was thinking why stop there? I am living in Perth, Western Australia. I was wondering do Proprietary firms based in say New York or London allow traders based off shore to trade for them allowing me to stay in Australia. If so, does anyone know of such firms that do this? Some of you guys might know that I am trying to start up a hedge fund. I'm finding it hard to...
Hello makybe05, I know I am responding to your post months later but are you still searching for a prop trading firm in forex ?
  • #30
  • Last Post: Sep 2, 2015 5:39am Sep 2, 2015 5:39am
I am retail trader and trade forex market for2 years. t. But interested to work as trader in hedge fund in future, can anyone give opinion or suggestion where should i start from? Thanks.
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