Originally Posted by
Winged Wheeler
What have you spent on training? Or what has someone else spent, in either time or money, on training you in this field? Based on your comment about the business classes, it does not sound like the barriers to entry are really high.
Generally, jobs that require no training or education are easy to get and pay very little. It sounds like this is an on-line variation of the old envelope stuffing career.
WW
The barriers to entry are high for bank/top tier trading firms. Those usually require an ivy league MBA or some sort of math related Phd. The type of trading I do can be done by anyone that's why as I said previously 90% fail. There are 3 types of proprietary trading firms. The ones where they give you a salary and you trade their capital, the ones where you trade their capital and you split profits with them in return you get to risk their money not yours, and lastly prop firms where you put up a deposit (risk capital) and are given alot of buying power. Some will give you 1,000,000 buying power with a 15,000 deposit in return you pay for their software and trading fees.
Training is offered by most firms as you are trading their capital. For some it takes up to 5 years and alot of $ to become profitable in this game.