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Prop Shops in Australia

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Well the drill week has been interesting so far. They've let us trade in 50 lot clips upto 150. Seems a tad unrealistic for trainee traders but it was fun seeing the P/L move in good chunks.

If anyone knows anyone who has a spare room going for $200-250 a week in Sydney, any info would be appreciated!
 
aussiefx said:
If anyone knows anyone who has a spare room going for $200-250 a week in Sydney, any info would be appreciated!
Click to expand...

Check out Domain.com.au or realestate.com.au, plenty of places with rooms for under $250 (you could get $200 or less in a good area, close to the city).

I appreciate the updates, I'm interested in trying the prop route in the future.

I've been watching the DOM alot recently, I was surprised by how much more natural it felt than looking at charts - the time I could've saved!
 
Has anyone done the paid online propex course? I'm thinking of doing it as preparation for the online trial, particularly as I haven't so actively day traded before. The site says it is much of what is covered by the inhouse trainees. It will also be tax-deductable for me
 

i could think of money better spent elsewhere
 
Does anyone have any advice for someone undertaking the Propex online trial?
 
Well it's been a long road but finally made to getting a live a/c. Now it's time to make some money!
 
aussiefx said:
Well it's been a long road but finally made to getting a live a/c. Now it's time to make some money!
Click to expand...

Congratulations.

How do you feel about your trading skills after 3 months preparation?

Are the skills you are using to trade your new live account ones acquired as part of your training, or skills you already possessed/learned yourself?

How secure/insecure do you feel about trading for an income?

What kind of hours are you working?

The most pertinent to me but also the most invasive, so feel free not to let me know - what kind of income are you hoping or expecting to achieve monthly and yearly - minimum and maximum? Is the entirety at risk or is there a base level + profits?

Appreciate any response.

Thanks.
 
aussiefx said:
Well it's been a long road but finally made to getting a live a/c. Now it's time to make some money!
Click to expand...

Congratulations, I imagine it is immensely satisfying! I'll be thrilled if I make the cut for in-house.
 

My style of trading has changed out of recognition from 3 months ago, it's been a steep learning curve.

Hours are long, but generally whatever you want to work. 10-12 hr are normal days, however some guys I know easily push 14 hr days regularly.

Profit/earnings is just too hard to answer. You obviously start out very small but you can get clipped up reasonably quickly. It varies from person to person. I have my own goals but we'll see about them in 3-6 months time.
 
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