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Definition of a prop firm

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Market Wizard
Boca Raton
Trading Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
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Posts: 2,384 since Sep 2010
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Thanks Matt, well, if they provide unpaid training then they would be legit prop firms in my mind.

I think you just focused on one sentence. A prop firm could potentially have an educational arm, where someone could share with you his or her knowledge for a fee. However, that is an additional source of income and not where they (in my opinion) get their talent pool from. The "legit" part again, in my opinion, is the selection criteria, splits, and whether you need to show a real-time record.

Ask yourself one question: "what would I require from anyone if they asked me to hand them over my money to trade?". Further, Imagine you had a number of talented people you can choose from, and now you can be selective with your criteria. This would be a good start to think how props would act as well.

Matt Z
Optimus Futures

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PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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