Proprietary Trading Program – BIDASKTRADER (2024)

proprietary trading program

Advanced training videos + live trading records

trading 101

Basic knowledge is the beginning. We cover the basics from market details to placing orders.

Economic Data Trading

Great opportunities arise during economic data. Here we look at and research this

DOM style

Understanding the depth of market is the key to modern trading styles. We look at the basics and platforms.

dom trading

The most important tool of a proprietary trader is the DOM. Here we show you some tried and tested approaches.

Stirs & Bonds

As soon as we show you these markets, you will wonder why you ever traded anything else!

Technical analysis

Technical analysis is very subjective and full of bullsh*t, we show you the useful things here

Market overview

Have you ever heard the expression "knowledge is power"? Here you build up your market knowledge.

Trader productivity

All knowledge is of no use if the right way of thinking is missing. Here we have a system for the right daily mindset.

DOM exercises

We challenge them with a series of trading exercises. They are not easy and they will learn a lot.

Rollover

Large participants are not so price sensitive when switching to the new contract, a lot of money is left behind.

Market Making

Market making and other non-directional trading styles are the tools of the proprietary trader.

Professional order book trading

After the incredible feedback from my test participants, I decided to offer an advanced course for everyone who is interested in learning order book trading.

The goal of this program is to help new traders read the order book, how to identify buyers / sellers and how to build strategies on them. Above all, I want to show how a professional trader trades. After the course you should understand how nonsensical most of the stuff on the Internet is and how important it is to trade with the order book and why all prop traders trade with it.

The course is over four months and will hopefully open your eyes. The course includes:

  • The relevant building blocks for high-frequency trading: DOM / order flow + volume
  • Stops and profit targeting based on the order book
  • How you trade with the "Big Boys"
  • Systematic trading
  • Market manipulations
  • Identify HFT algorithms
  • Market Making

and much more ...

Part 1

  1. You know how the market works
  2. You can read the Volume Profile
  3. You know how to read the order book
  4. You can recognize buyers and sellers
  5. You trade according to working, professional trading setups
  6. You can identify large market participants using the order book

Part 2

  1. You can identify turning points in the market solely through the order book
  2. You use correlating markets
  3. You use the VWAP to your advantage
  4. You can trade everything: breakouts / reversals
  5. Fake Bids & Offers: You know which orders are real
  6. You understand the importance of highs and lows

Part 3-4

  1. You know your trade management
  2. You can find opportunities with good CRV
  3. You know how to prepare for the day
  4. You know how Support & Resistance / Volume Profile really work
  5. You know your trading hours
  6. You understand how to give yourself an edge
  7. and much more…

Free traing

For my advanced course, I assume that you have worked through my free course at least once.

Please work through it first.

Most frequent questions and answers

Yes it is, but anything that is simple will not bring you much reward. The more time you invest, the better you get.

We hope you enjoy it. Trading is not easy, but it can be very rewarding.

The program is designed so that we can pick you up where you are, so prior knowledge is not necessary.

The secret is hard work. To do well in trading you have to take what we give you and bring your own style with you. There is no such thing as a secret trading formula or indicators. The stuff is only made to sell books.

Ideally, we would like you to devote 100% to the program. If you still have a job, it should be possible with enough discipline and good time management.

This is what our trading looks like.

Play
Play
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Voriger

Nächster

References

I really liked the course, what you show here for free is better than what I have learned from well-known volume traders (V **** x and A ** s.) in 5 years of trading. I can only recommend it to everyone, thanks for that.

- Jens F.

Nach vielen Kursen, Seminaren und Workshops bei anderen Anbietern habe ich mit dieser Ausbildung und mit dem Mentor meinen persönlichen Weg und Erfolg im Trading gefunden! Der BidAsk Trader ist ein Profi auf seinem Gebiet und vermittelt Wissen das in der Praxis auch wirklich funktioniert! Er ist ein toller Mentor der seinen Teilnehmern klar aufzeigt wie sie die Theorie in der Praxis erfolgreich umsetzen können.

- Andreas J.

I started out as a beta tester and after a month I got so much more depth in my trades and I eliminated many trades that didn't worked for me. I enjoyed seeing another trader act. Learning from someone who is passionate about what they do and do hard work motivates me to be a better trader

- Jan W.

"Thanks for the tips and insights. I like the way you trade and I now understand how important the order book is."

- Patrick F.

Voriger

Nächster

Insights, advice, suggestions, feedback and comments from experts

As an expert and enthusiast, I have a wide range of knowledge on various topics, including public speaking, communication apprehension, and assessment practices. I can provide information and insights on these subjects based on the search results provided by You.com. Let's dive into each concept:

Public Speaking:

Public speaking is the act of delivering a speech or presentation to an audience. It involves using words, physical delivery, and visual or audio aids to inform, persuade, or entertain a group of people . Public speaking requires effective communication skills and the ability to engage and connect with the audience. It is important to research the audience and tailor the speech to their interests and needs . Telling personal stories during a presentation can help increase credibility and establish a connection with the audience.

Communication Apprehension:

Communication apprehension, also known as speech anxiety or stage fright, refers to the fear or anxiety that individuals experience when speaking in public or communicating with others. It is a common phenomenon and can affect people to varying degrees . However, it is important to note that audiences are generally empathetic and interested in the speaker's material, rather than being critical or judgmental Overcoming communication apprehension can be achieved through practice, preparation, and adopting strategies to manage anxiety.

Assessment Practices:

Assessment in education refers to the process of gathering information about students' learning progress and achievements. It helps teachers understand what students have learned and guides instructional decisions . Assessments can take various forms, such as tests, quizzes, projects, presentations, and observations. The goal of assessment is to provide feedback to students, inform instructional planning, and evaluate the effectiveness of teaching and learning .

These are just brief explanations of the concepts mentioned in this article. If you have any specific questions or would like more detailed information on any of these topics, feel free to ask!

Proprietary Trading Program – BIDASKTRADER (2024)

FAQs

Is prop trading illegal? ›

§ 255.3 Prohibition on proprietary trading. (a) Prohibition. Except as otherwise provided in this subpart, a banking entity may not engage in proprietary trading. Proprietary trading means engaging as principal for the trading account of the banking entity in any purchase or sale of one or more financial instruments.

How much do proprietary traders make? ›

While ZipRecruiter is seeing annual salaries as high as $195,500 and as low as $11,000, the majority of Entry Level Proprietary Trader salaries currently range between $49,000 (25th percentile) to $175,000 (75th percentile) with top earners (90th percentile) making $190,000 annually across the United States.

Does proprietary trading still exist? ›

Institutions such as brokerage firms, investment banks, and hedge funds frequently have proprietary trading desks.

Are prop trading firms legit? ›

While these laws applied to banks, not all independent prop companies in operation today are covered by the Volcker rule. Prop businesses nowadays are utterly unregulated and far apart from the banking industry. As a result, these internet prop companies are legitimate and not a fraud.

Do you need a license to be a prop trader? ›

Prop trading firms are less heavily regulated than regular brokerages and broker-dealers. However, if such laws apply, you must still properly register your business and get licensed.

Can you make a living with prop trading? ›

Also known as “prop trading,” it offers higher earnings potential much earlier in your career than jobs like investment banking or private equity. It's arguably the most merit-based industry within finance: if you make millions of dollars for your firm, you'll earn some percentage of it.

Who are the famous proprietary traders? ›

Famous traders

Famous proprietary traders have included Ivan Boesky, Steven A. Cohen, John Meriwether, Daniel Och, and Boaz Weinstein.

What is the average return for a prop trader? ›

Although extremely tough, if 5% of trades are routinely made each month, the annual return for the trader is 60%. It is a lot given that the most successful traders typically generate a 20–30% profit annually.

Is proprietary trading worth it? ›

Profit earning potential. The biggest reason traders consider a prop firm is access to more capital and keeping a high percentage of the profits. The structure a prop firm gives. Profit targets and risk management rules help traders succeed because they provide an external structure they cannot ignore.

How do I get into proprietary trading? ›

To become a proprietary trader, earn a bachelor's degree in finance, business, or mathematics. Complete at least one internship with a trading firm to learn about the finance industry and make professional connections. Apply for an entry-level proprietary trader role.

Does JP Morgan do prop trading? ›

NEW YORK, Aug 31 (Reuters) - JPMorgan Chase & Co has told commodities traders who bet with the bank's money that their desk will be shut down, as it looks to comply with new U.S. banking laws, a person briefed on the matter said.

How much money do you need to start a prop firm? ›

The Costs of Prop Firm Regulation & Company Registration

Some prop firms may opt to be regulated which puts costs significantly higher. One should expect to pay a one time fee of around $10,000 for company registration and payment options while regulation involves a minimum budget of $75,000.

What are the negatives of prop firms? ›

Among many other potential factors, the main disadvantages of prop trading arise from being classified as a market professional, unfavorable profit sharing, and whether your net trading profits are taxed as capital gains or ordinary personal income.

Is prop trading risky? ›

Why Is It Risky? For retirees, the primary concern with prop trading lies in the volatility and complexity of financial markets. Unlike more traditional retirement income sources, such as pensions or annuities, prop trading can lead to substantial losses in a short period, potentially jeopardizing financial security.

Is prop firm illegal? ›

Currently, online forex prop firms are legal, although there is lacking documentation and regulation for prop firms to follow. It is not illegal to operate or trade with a prop firm. However, where most online prop firms come unstuck is in their business practices and terms of service.

Will prop firms be banned? ›

The speculation now is that the governing bodies and regulators will put a ban on the whole prop firm industry – which is not going to happen. The prop firm industry has been alive, well and regulated for decades. It's only the online prop firm space that is yet to see regulation.

What happens if you lose money prop trading? ›

Proprietary trading firms often provide evaluation accounts where you prove your trading skills. Usually, you pay a one-time fee to enter this “challenge.” If you lose money during this evaluation, you won't owe anything beyond the initial fee.

What is the illegal way of trading? ›

Insider trading is using material non-public information to trade stocks and is illegal unless that information is public or not material.

References

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