There are growing numbers of prop trading firms who have "self sponsorship" training tracks that permit any candidate who doesn't meet their usual recruitment criteria to pay a fee of several thousand pounds/dollars and go through the company training programme in the hope of becoming profitable enough to land an elusive "backed deal" permitting them to trade company funds for the firms account. This article examines the pro's and cons of chargeable prop trading training, and explains some of the potential pitfalls to avoid for an individual seeking a trader training opportunity.
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