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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: 2,419 since Sep 2010
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I agree. For me it's all about the business model.

My point is, if an organization offers training as a parallel service to their trading arm, then it's acceptable to call them a prop firm, because their primary source of revenue is not (or not necessarily) coming from training.

I was browsing "prop firm" on Google earlier on today and I came across Savius LLC (I've seen they're also mentioned here on FIO). That to me looks like a prop firm which also offers training services. That's legit in my view.

You will gain most from your live trading. Going from one training to another is mentally exhausting, and you want to at some point narrow it down to a few simple rules that you can stick with. If you feel that someone's training will give you an edge, sure go for it. Typically a good sign for a good program is one that helps overcome challenges of trading.

If you were to approach a prop firm you want to contact them from a position of strength, in other words, show a positive track record and that you have skin in the game. Prop firms may look at variables such as quantities traded, the risk to reward, draws, etc. So no one should expect anyone to hand over capital without a thorough interview process.

Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of futures results

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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