Greetings from a newly hired prop trader - Beginners and Introductions | futures io social day trading
futures io futures trading


Greetings from a newly hired prop trader
Updated: Views / Replies:783 / 8
Created: by sterling729 Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Greetings from a newly hired prop trader

  #1 (permalink)
Elite Member
Canada
 
Futures Experience: Intermediate
Platform: Metatrader, ToS
Favorite Futures: Forex, equities, ETFs
 
Posts: 16 since Oct 2014
Thanks: 0 given, 4 received

Greetings from a newly hired prop trader

Been trading FX for 2 years now and love the business. Was fortunate enough to get a job at a prop trading firm that day trades exclusively stocks. I have little experience in the stock market, but much of my system can be applied in 5min bars on stock from the Russell 1000.

I've been enrolled in a Forex school for just over a year (James16 from ForexFactory) which has been really helpful.

One thing I am focusing on is using volume to confirm my price action story. Even in intraday in Forex, volume seems to help confirm signals as I've been backtesting. Before, I ignored it and took a lot of false signals. I'll see if I can improve :-)

Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Elite Member
Spain / Europe
 
Futures Experience: Intermediate
Platform: Ninjatrader
Favorite Futures: FESX, FGBL, ES...
 
Posts: 53 since Mar 2012
Thanks: 327 given, 21 received


What prop firm is it?

Reply With Quote
 
  #4 (permalink)
Elite Member
Canada
 
Futures Experience: Intermediate
Platform: Metatrader, ToS
Favorite Futures: Forex, equities, ETFs
 
Posts: 16 since Oct 2014
Thanks: 0 given, 4 received

Without disclosing who I work for, it's a small firm in my city (I live in a medium sized city in Canada). It had a terrible training program, so I've had to bring my knowledge of technical analysis from Forex and try to combine it with tape reading.

Reply With Quote
 
  #5 (permalink)
Elite Member
London, England
 
Futures Experience: Beginner
Platform: NT, TOS, MT4
Broker/Data: TOS, CQG (NT), FXCM
Favorite Futures: ES, 6E
 
chr1s's Avatar
 
Posts: 439 since Sep 2014
Thanks: 1,673 given, 651 received


sterling729 View Post
Without disclosing who I work for, it's a small firm in my city (I live in a medium sized city in Canada). It had a terrible training program, so I've had to bring my knowledge of technical analysis from Forex and try to combine it with tape reading.

Hi Sterling,

can you elaborate more about PA + volume to confirm please? If you trade forex on MT4/MT5 then volume is quite different from broker to broker and different to futures for the same currency.

Thanks
Chris

Reply With Quote
 
  #6 (permalink)
Elite Member
North America
 
Futures Experience: None
Platform: NT
Favorite Futures: Futures
 
Fritzk's Avatar
 
Posts: 1,384 since Jan 2013
Thanks: 3,457 given, 5,063 received


sterling729 View Post
I live in a medium sized city in Canada

Hey fellow snowshoe ....
Can you divulge what Province?

Head up and keep your stick on the ice!
Reply With Quote
 
  #7 (permalink)
Elite Member
Canada
 
Futures Experience: Intermediate
Platform: Metatrader, ToS
Favorite Futures: Forex, equities, ETFs
 
Posts: 16 since Oct 2014
Thanks: 0 given, 4 received


chr1s View Post
Hi Sterling,

can you elaborate more about PA + volume to confirm please? If you trade forex on MT4/MT5 then volume is quite different from broker to broker and different to futures for the same currency.

Thanks
Chris

Hey,

I only use volume when I trade equities not FX. The same PA applies to both, but I need a spike in volume for me to enter a trade in equities. The PA I use is quite simple really, just Support/REsistance, Trendlines, and PA bars (i.e. pinbars, engulfin bars, etc.). I just look for charts that have near perfect S/R or TL, with big bars. And for stocks, that have a spike in volume.


Last edited by sterling729; October 30th, 2014 at 12:16 PM.
Reply With Quote
The following user says Thank You to sterling729 for this post:
 
  #8 (permalink)
Elite Member
Canada
 
Futures Experience: Intermediate
Platform: Metatrader, ToS
Favorite Futures: Forex, equities, ETFs
 
Posts: 16 since Oct 2014
Thanks: 0 given, 4 received


Fritzk View Post
Hey fellow snowshoe ....
Can you divulge what Province?

Sent you a PM

Reply With Quote
The following user says Thank You to sterling729 for this post:
 
  #9 (permalink)
Trading for Fun
LONDON UK
 
Futures Experience: Intermediate
Platform: IB XTRADER Jigsaw
Favorite Futures: CL YM BUND NQ
 
Posts: 60 since Nov 2014
Thanks: 20 given, 13 received

Are you yet profitable?

If so what % do they charge of your profits or how are they paying you?

Cheers mate

Reply With Quote

Reply



futures io > > > > Greetings from a newly hired prop trader

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Confessions of a Prop Trader trentcroad Trading Journals 92 October 14th, 2014 09:37 PM
Prop Trader vs BrokerDealer Jimmy1982 Traders Hideout 2 September 17th, 2013 12:30 PM
Why Even Skilled Workers Are Finding It Difficult to Get Hired Quick Summary News and Current Events 0 October 22nd, 2012 12:00 PM
(Article) Daily job of a quantitative prop' trader (Guardian) Nicolas11 News and Current Events 1 April 4th, 2012 04:18 PM
Fedís image tarnished by newly released documents kbit News and Current Events 1 January 14th, 2012 02:28 PM


All times are GMT -4. The time now is 11:39 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-11 in 0.13 seconds with 19 queries on phoenix via your IP 54.82.81.154