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« Trading

Another one trying to get into trading

Colleged educated, securities licenses, private currency trader, and trying to get into trading for a living.

Hello all. I hope 2008 has started off profitably for all of you. I am an avid reader of Trader Monthly. I have noticed when reading the profiles of the Top Traders, some of them don't have securities licenses. Are these traders trading for themselves, as I trade currencies for myself and don't have the currency securities license? I have the finance degree (not ivy league), the series 7 & 63, and sales, analysis, and customer service experience. However, I don't live in one of the top 100 trading cities, not even one of the top 1000. NYC born and raised, now living in small FL town. Is the only way into the trading evironment to trade for myself, using an online brokerage?

ray byers

4/2/08


5 COMMENTS

Posted by Richard Sharrieff - Jun 12 2008 @ 2:00 AM
Re: Another one trying to get into trading Hi Jonathan, email your firm's contact info if you don't mind. Pretty much same quals and skills as Ray in this post...sharrieff@yahoo.com. thanks...

Posted by Alastair - Apr 26 2008 @ 12:01 AM
Re: Another one trying to get into trading Its sure as hell the most realistic way in. When youre the man someone will pay you to do it.

Posted by Jonathan - Apr 8 2008 @ 10:28 PM
Re: Another one trying to get into trading Hi Ray, I shot you an email. Let me know if you don't get it.

Posted by ray byers - Apr 8 2008 @ 8:16 PM
Re: Another one trying to get into trading Hello Jonathan, Thanks for the info. I am very interested in hearing more. However, your email didn't show up on the forum. You can email me at: raybyers@gmail.com. Thanks again.

Posted by Jonathan - Apr 7 2008 @ 7:33 PM
Re: Another one trying to get into trading Hi Ray, I should start off by saying I am NOT an expert. However, I have traded for a prop firm (although I got my butt thoroughly kicked). I signed up with a company that let me trade on huge margins with minimal upfront capital ($2,000 contribution to trade with an initial $100,000). The costs were about .07 per share, which only makes sense if your volume is low enough. Overnight positions were allowed, but only if you are licensed and even then I believe there was a fee. But to finally answer your question, you could utilize all the services of the firm remotely for an extra $50 a month. If this paradigm is conducive to your needs it might be something to consider. Margins are higher but you'd have to evaluate it's cost effectiveness based on your own trading patterns. If you have any questions about the company I can forward you the contact info. Feel free to email me. Hope this helps!

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