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I was the main person who asked questions rather than the interviewer because I wanted to know more about the company and the trading position. Questions are below. What is the profit possibility? Could my trading support my living expenses? A: It can be vary, but most of 1st year traders don't earn money, probably around 0.25% beginning traders can earn profit. After that, traders can earn more from the experience and discipline built up in the first year. Yet, roughly only 5% traders earn profit and sustain their trading after that. It is a tough job with lots of stress, but the rewards are also really good for the successful traders. In the first year, you should have a side job if you don't have enough saving to pay the bills during this time. What are the related costs? A: monthly platform fee ($260) + training courses (this is vary but there are also free courses) + Series 56+series 7 registration ($425) + annual cost for regulatory matters and tax ($300) + other 1 time costs (Ex: renew the series, FINRA fees, etc.,). He also sent me an email with really retails breakdown of the cost. It is extremely helpful. What strategies often used? A:Technical analysis rather than fundamental analysis. What is the maximum loss? A: Strong recommendation is 5% but it can depends on each person. What is the structure on profit/loss sharing? 99%-1% How closely mentors can work with the junior traders? A: It depends, more for NY traders in Manhattan but not much for remote traders. Additional information: 30 times leverage.
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Trader

Interviewed at Integra Trade

4.9★
Aug 11, 2015

I was the main person who asked questions rather than the interviewer because I wanted to know more about the company and the trading position. Questions are below. What is the profit possibility? Could my trading support my living expenses? A: It can be vary, but most of 1st year traders don't earn money, probably around 0.25% beginning traders can earn profit. After that, traders can earn more from the experience and discipline built up in the first year. Yet, roughly only 5% traders earn profit and sustain their trading after that. It is a tough job with lots of stress, but the rewards are also really good for the successful traders. In the first year, you should have a side job if you don't have enough saving to pay the bills during this time. What are the related costs? A: monthly platform fee ($260) + training courses (this is vary but there are also free courses) + Series 56+series 7 registration ($425) + annual cost for regulatory matters and tax ($300) + other 1 time costs (Ex: renew the series, FINRA fees, etc.,). He also sent me an email with really retails breakdown of the cost. It is extremely helpful. What strategies often used? A:Technical analysis rather than fundamental analysis. What is the maximum loss? A: Strong recommendation is 5% but it can depends on each person. What is the structure on profit/loss sharing? 99%-1% How closely mentors can work with the junior traders? A: It depends, more for NY traders in Manhattan but not much for remote traders. Additional information: 30 times leverage.

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