1. What is proprietary trading?
Proprietary trading, also known as “prop trading,” refers to a practice where a company employs its own capital to trade in the markets with the aim of generating profits. Typically, prop trading firms hire experienced proprietary traders or professional traders and allocate funds for trading purposes. These firms often seek out traders who have a proven track record of successful past trading performance. Some prop trading desks do hire novice traders and provide them with training. After extensive practice on simulation trading, successful traders are then given live funds to trade.
2. Who is a proprietary day trader?
A proprietary day trader is an individual who trades stocks, futures, options, currencies, and other financial instruments on major global exchanges with the primary goal of generating a profit. The proprietary day trader operates on the capital provided by the firm and is not involved in any other business development or client relationships, such as phone conversations, sales, or cold calls.
3. What is the remuneration of a proprietary trader.?
Professional day traders who operate under proprietary firms use the company’s capital, eliminating the trader’s capital risk. The firm assumes all the risk and, as a result, does not provide a fixed salary to the trader. Instead, the firm evaluates the trader’s skill by analyzing their past trading records, trading performance, and strategy on a simulator. The company offers a significant portion of the profit (up to 70%) to the traders, subject to the terms and conditions agreed upon by both parties, the trader’s market trade, experience, consistency in profit-making, and the size of the profit earned. In essence, there are no limits to earnings in trading, but achieving success requires learning and practice.
4. What World Trades Academy provides a proprietary trading desk?
The team at World Trades Academy comprises seasoned professionals who equip traders with the necessary resources to engage in trading across a range of markets, including not only Indian but also US, European (LSE, XETRA, EURON, etc.), and Asian (HKSE, SGX, TSE, etc.) markets. With World Trades Academy’s expertise, Indian traders can leverage trading opportunities in the US and European markets.
World Trades Academy serves as a facilitator, offering traders not just training and trading tools, but also buying power for trading. Additionally, World Trades Academy collaborates with international proprietary trading firms to introduce professional traders on their own terms and conditions, in their chosen markets.
5. Career as a professional day trader is it tough or easy?
Becoming a professional day trader can be challenging, but it is not impossible. Aspiring traders who possess a passion for trading, strong mathematical abilities, exceptional problem-solving skills, the capacity to work well under pressure skills, and the ability to remain motivated and focused can thrive in this field. It’s important to note that pursuing a career in professional trading can lead to financial freedom if one is successful.
6. What is the process of selection at World Trades Academy?
The candidate who wishes to embark on a professional trading career needs to comprehend the demanding and time-consuming nature of the field. If the candidate is genuinely driven to achieve success as a day trader, they can consider World Trades Academy. However, the candidate must first complete the Check Eligibility Form and carefully review the FAQs and World Trades Academy’s YouTube channel. Following the submission of the form and two rounds of interviews, the management will identify and select suitable and motivated candidates for the World Trades Academy Trading Floor.
7. How long would the training be at World Trades Academy?
It’s not fixed; everything depends on the skill and experience of the candidates. Some candidates practice on a simulator for only 15-20 working days and go live, while others practice for 4-5 months or more and lose confidence in their success simply because they’re not able to create a winning trade strategy, and they give up.
8. What remuneration does World Trades Academy offer their Floor Trader?
World Trades Academy offers a profit-sharing system with their traders, where the ratio is 70:30. This means that 70% of the profit earned by the trader goes to them, while the remaining 30% goes to the company.
9. What are World Trades Academy’s Goals and Expectations?
A career in trading is not suitable for everyone and it is not an easy path to follow. The main eligibility criteria for entering into such a career opportunity are the candidate’s passion and confidence. We acknowledge that with proper mentorship and practice, trading can become relatively easier. Ultimately, everyone works towards their financial security and mental satisfaction. If the candidate is genuinely passionate, they will persevere until they achieve their goal. The success of traders is synonymous with the success of World Trades Academy, and we provide support for achieving trading results and expect the same from our traders.
10. Why World Trades Academy wants earnest money (refundable) from trainees?
Most of the candidates are not able to differentiate between charm and passion. Due to their qualifications and theoretical knowledge, they are able to impress the interviewer and get selected at the World Trades Academy. However, after joining for a few weeks, due to the tough nature of the process, all charm and passion is lost. The candidates forget about their vision and opportunity, and give up. This is a waste of the company’s precious time and money, who have invested in the candidate from day one with the hope that they will start live trading soon and be profitable for both the company and themselves.
In the first few weeks, negativity and frustration are part of the process. If candidates are bound by something they love, they will be able to continue with their goals and their vision will not be destroyed by the toughness of trading activity or frustration. At World Trades Academy, we hope that candidates will be successful and earn back the refundable money which they have deposited with us, along with their first payout.
11. Can profitable traders in the Indian market join World Trades Academy without a deposit?
Yes, Indian candidates who are already working as traders and trading in any market with a profitable track record of trading, must follow the same procedure as an intern at World Trades Academy. They have to deposit a fixed amount and will receive their deposited amount along with their first payout. If the candidate is truly a profitable trader, they will go live in a very short period (perhaps a few trading days or weeks) and close the month in profit, receiving their deposited money with their first payout.
12. What is the use of a backup fund for trader at World Trades Academy?
When traders join as fresh proprietary traders at the World Trades Academy Floor, the management assigns them a normal buying power of 25K-50K USD and sets a daily trade lock of 30 USD. Until the trader starts making a profit, all the risks are borne by the company. However, once the traders begin to earn profits, they require more buying power and a larger trade lock. Thus, if the traders have a backup plan, the management will increase the buying power and trade lock according to the traders’ strategies and requirements.
13. Does The trader’s profit always goes to his backup?
No, once the backup amount becomes 25000 USD, the company begins to release the backup money to traders every month as it was collected.
14. Will the trader get his backup deposit after quitting the World Trades Academy?
Yes, he/she will receive his/her backup deposit that is due to him/her one year after the last working day with the World Trades Academy, without any interest.
15. What are Market Trading hours at World Trades Academy?
India: 9 a.m. to 3:45 p.m.
Europe: 4 p.m. to 10 p.m. IST
US : 8 p.m. to 2:30 a.m. IST (Winters)
7 p.m. to 1:30 a.m. IST (Summers)