New Propex Intake

choice1 · 30 August 2010

I stumbled upon the online training course today also, remember reading about it a while back and it seems to have finally been finished.

The course outline seems very basic to/for me. Having said that it does give a better stepping stone for someone wanting to get into this business instead of moving to Sydney for $1,000 per month for their traineeship.

Will be interesting to hear how it is from someone who signs up. It always makes me skeptical with a price tag this high, but I guess they'll have a heap of applicants so might as well make some coin out of them

supermatt · 31 August 2010

the course description is vague at best and for 2500 $ i question how much you actually get out of it, especially for someone doing it by themselves, especially someone who has a bit of knowledge about the markets. Theres courses out there for 99$ that offer more than you will get from this, as i have done them personally. It seems like the money would be an expensive lotto ticket in the faint hope you might get past round 1 interviews there.

who is going to be the guniea pig

they should give the course to free to someone to give an honest assesment before the public dish out their cash without any reviews.

for example, all the stuff in the "special reading" section is prompting you to buy the course for you to view it. Its part of the course supposedly but you can get all those exact topics on other websites for FREE!!, its just copy and pasting it from that site to the propex site and charging for it.

ags83 · 31 August 2010

I will very likely do it, but not for a month or 2, I still want to do more study myself and start trading a little on my own before I sign up.

Would also want to make sure you get to ask plenty of questions, get your trades reviewed by a trader and have planty of contact with Guy and/or a few traders there. Its highly doubtful any written trading course would be worth anywhere near that much by itself, value would be in having contact with some winning traders and getting some help from them.

Whenever I do it I'd want to be at it full time for the 30 days and be sim trading everyday and i'd want someone to be looking at my trades afterwards and giving some pointers/ideas, and this way you could get noticed if you were showing promise for a spot there.

hooikk · 1 September 2010

ags83 said:
I will very likely do it, but not for a month or 2, I still want to do more study myself and start trading a little on my own before I sign up.

Would also want to make sure you get to ask plenty of questions, get your trades reviewed by a trader and have planty of contact with Guy and/or a few traders there. Its highly doubtful any written trading course would be worth anywhere near that much by itself, value would be in having contact with some winning traders and getting some help from them.

Whenever I do it I'd want to be at it full time for the 30 days and be sim trading everyday and i'd want someone to be looking at my trades afterwards and giving some pointers/ideas, and this way you could get noticed if you were showing promise for a spot there.

Not too sure if you get that amount of support with the online course - it sounds more like their mentoring program which is scheduled to be up in Dec/Jan according to Guy.

wade · 1 September 2010

ags83 said:
I will very likely do it, but not for a month or 2, I still want to do more study myself and start trading a little on my own before I sign up.

Would also want to make sure you get to ask plenty of questions, get your trades reviewed by a trader and have planty of contact with Guy and/or a few traders there. Its highly doubtful any written trading course would be worth anywhere near that much by itself, value would be in having contact with some winning traders and getting some help from them.

Whenever I do it I'd want to be at it full time for the 30 days and be sim trading everyday and i'd want someone to be looking at my trades afterwards and giving some pointers/ideas, and this way you could get noticed if you were showing promise for a spot there.

try and get a simulator somehow and have a go on that before you sign up, i got accepted as a trainee, the course is as described with some good advise inside but I think the mentoring is what you want. You have to remember that it is mostly directed at high frequency trading

jersey10 · 1 September 2010

wade said:
You have to remember that it is mostly directed at high frequency trading

How frequent?

dracula · 2 September 2010

supermatt said:
the course description is vague at best and for 2500 $ i question how much you actually get out of it, especially for someone doing it by themselves, especially someone who has a bit of knowledge about the markets. Theres courses out there for 99$ that offer more than you will get from this, as i have done them personally. It seems like the money would be an expensive lotto ticket in the faint hope you might get past round 1 interviews there.

who is going to be the guniea pig

they should give the course to free to someone to give an honest assesment before the public dish out their cash without any reviews.

for example, all the stuff in the "special reading" section is prompting you to buy the course for you to view it. Its part of the course supposedly but you can get all those exact topics on other websites for FREE!!, its just copy and pasting it from that site to the propex site and charging for it.

I doubt that a prop company would sell you a trading course for $99, but if that is the case, pls let me know...
Also, it's unlikely one can guess what's included in the lessons without actually enrolling.

supermatt · 3 September 2010

of course a prop shop wont offer it that cheap. just look around the world some prop shops want 8 grand for their course, so i guess this is cheap. However atleast those places do have several videos going through a couple of lessons describing how they trade and what to expect from the course vs just a few words on a bit of paper which is impossible to tell what you get.

hooikk · 3 September 2010

supermatt said:
of course a prop shop wont offer it that cheap. just look around the world some prop shops want 8 grand for their course, so i guess this is cheap. However atleast those places do have several videos going through a couple of lessons describing how they trade and what to expect from the course vs just a few words on a bit of paper which is impossible to tell what you get.

do you have a couple of links to share?

supermatt · 3 September 2010

sure but prefer not to post them in the main thread, pm messages with what links you would like and ill try provide some.

skyQuake · 4 September 2010

At least the propex training is legit compared to the many many s&p emini courses out there.
Propex needs to cover data licence, software, terminal fees too

Gussigan · 4 September 2010

supermatt said:
Theres courses out there for 99$ that offer more than you will get from this

Could you provide some examples of some the more cost effective courses?

cheers

supermatt · 5 September 2010

lol yeah majority of emini courses are a joke.

ok im getting a bit off topic here. I should rephrase. for a prop firm offering a course propex have it for a very reasonable price once comparing it to other prop firms around the globe.

and plus propex target learning the spi to which is great as everything is so focused on emini etc doesnt help out many aussies.

I have done a couple of courses for below 200$ they arent from a prop firm though, more so just teaching about price action trading so i cant compare the 2 as no doubt these 2 courses are focusing on slightly different topics.

anyway like someone said before. when i take some leave from work i am going to do this course and trade the sim

ags83 · 14 September 2010

How different is trading eminis compared to trading the SPI futures ? Is there far less algo trading on the SPI ? Would I be right to guess there could be much more tradable info off the DOM/order flow for the SPI than the others?

white_goodman · 17 September 2010

ags83 said:
How different is trading eminis compared to trading the SPI futures ? Is there far less algo trading on the SPI ? Would I be right to guess there could be much more tradable info off the DOM/order flow for the SPI than the others?

SPI is incredibly difficult to read off the DOM, its a spoof within a spoof within a spoof

adds · 15 November 2010

The propex course has been available for a couple of months now.

Has anyone done it or are currently doing it?

If so how did you find it/finding it?

Have you learnt much?

Has it improved your trading?

Is it worth the money?

How does it compare to other courses that you've taken?

Did it help you land a position with propex?

Cheers,
Adds

spibok · 16 March 2011

There is another intake coming shortly. Any idea on the details? Anyone on here going for this? See there is also a Singapore option now.

New Propex Intake

choice1

supermatt

ags83

hooikk

wade

jersey10

dracula

supermatt

hooikk

supermatt

skyQuake

Gussigan

supermatt

ags83

white_goodman

BOC

adds

spibok

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