How To Make Money As Floor Trader

I have not posted that because i think that anybody can make money applying such a setup.

How to make money as floor trader.

A floor trader is a member of a stock or commodities exchange who trades on the floor of that exchange for his or her own account. If you are thinking of doing this ensure that you are not committing money that you cannot afford to lose. Financial surface and capital costs are key. When it comes to the most important skills required to be a floor trader we found that a lot of resumes listed 22 7 of floor traders included futures markets while 5 2 of resumes included equity and 4 7 of resumes included cme.

Generally the traders attempt to make a profit from the short term price swings. The trader who executes trades on the floor of the exchange for his own account is referred to the trader. You can become an independent day trader trading with your own or a client s money. They trade securities or derivatives on the trading floor.

The floor trader must abide by trading rules similar to those of the exchange specialists who trade on behalf of others. The term should not be confused with floor broker floor traders are occasionally referred to as registered competitive traders individual. It is estimated that around 90 of day traders lose money so you shouldn t be thinking of trading as a way to make a quick buck to get out of a job. A floor trader is an exchange member who executes transactions from the floor of the exchange exclusively for their own account.

I am not trading options and as a retail trader i would not try to compete in market making strategies where low commissions.