I am curious about the professional vs non professional distinction and its impacts. If someone was to trade for a prop firm and become considered a "professional" and then go back and trade a personal account does it change anything for them trading that personal account? Do they declare themselves as a "professional" for an account and data even if they are only trading personal money? What is the differences in terms of data and a brokerage account if considered a "professional"? How long does that stay can you ever go back to a "non professional"
1) A prop firm is the one paying the fees per user. If they want to share/impose the fee on you, this between you and them. A prop firm in my opinion would be considered a professional.
2) Pros pay higher fees for data. However, this has nothing to so with brokerage and commissions.
This is between the prop and the broker, however, a prop may elect to have a membership that could reduce their exchange fees.
3) I am not aware of any time period switching between being a pro and non-pro.
My last advice is to contact the market data department in the exchange you with to be a part of. I assume CME?
There is a risk of loss in futures trading. Past performance is not indicative of future results.
PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
The following 2 users say Thank You to mattz for this post:
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
If you want to support our community, become an Elite Member.
The following user says Thank You to Big Mike for this post: