What Trader Training Is Right For Proprietary Trading in London?

Best Trader Training to Become a London Trader

There are many avenues you can go if you want to become a trader in London. If you want to become the best, you need to learn from the best. Therefore, this article will break it down for you and explain what you should be looking for when choosing the best trader training courses in London, UK.

What you will quickly notice when you do a simple Google search for trader training or trading courses in and around London, is that there a variety of so called “experts” claim to be able to teach you how to trade like a professional. The challenge is in figuring who is real and who is just selling the “dream”.

The thing to realise about the world of trading is that it requires very little qualifications to open a trading account and call yourself a trader. That’s the beautiful thing about a free market economy – the barriers to enter financial markets are low. Sure, some of these educators will say they can give you a certificate and what else, but when it comes down it, what you really need to know, if you seriously want to become a successful trader, is who actually trades real capital and consistently extracts a profit from financial markets.

Try asking any of these educators if they can show you their trading statements or even let you watch over their shoulder, and I can gaurantee you that almost zero will agree. I say almost, because there is only one that I’ve actually seen demonstrate how they trade in live markets by posting in-depth, 60+ minute videos on YouTube for free of how their top traders enter in and out of large futures positions.

Meet Axia Futures, a London based firm with a trading floor that you can actually visit in the heart of UK or tune in to see their daily streamed videos.

What you’ll notice about the traders at Axia Futures is that they lead by demonstrating that they practice what they preach. And there’s no sale pitch about how you’ll be able to escape the 9-5 and trade for a living from home in your underpants. These are futures traders who treat their jobs like professional athletes.

When you contrast this to other “educators” on the Google results page, you’ll notice that they all have lovely looking website, a number of great reviews from honest, well-meaning individuals. But unfortunately, none of them can actually show you any performance results.

What’s that I hear you say? They have images of their top trainer teaching rooms full of people how to trade? Know this: trading is a zero sum game. For every winner, there is a loser. Therefore, by definition, there cannot be a majority of winners. And given that major financial instutions also compete in the markets and rake in the lion’s share of profits, we can safely assume that the winnings are at a minimum 80% skewed in their favour. That means that only 20% of retail professional traders have a shot at being profitable, if not just breaking even. Again, what that means, is that if you’re learning the same thing being taught to a room full of hopeful novice traders, then you’re probably going to be learning the wrong stuff.

“But they’re going to to give me a cerficiate!” At the end of the day, what matters is brass tax and numbers. A certificate isn’t going to make you money and no one is in the business of hiring traders these days. If you want to make money trading, you need to learn from traders who can actually prove that they do it.

Even if you so-called prospective trainer is wearing a fancy suit, claims to have an MBA, CFA, Masters in Finance and seven computer screens, it means nothing if they themselves don’t generate income primarly from their own trading activities – and not merely selling trading coaching and seminars.

What you’ll also notice with most of these trading educators when you look at the outlines of their training programmes is that the content is usually based around what you can find on a number of trading related books on Amazon. Contrast that with what you’ll learn at a real prop trading desk like Axia Futures and you’ll the content of focus radically changes.

In the world of real life trading where hundreds of thousands of dollars, euros and pounds are on the line in a single trade, and you’ll see that no one is looking at candlestick patterns, but at something called order flow. And even when it comes to the real traders who use order flow, very few can actually put into words and articulate their strategies.

If you’re hoping to make it in the world of proprietary futures trading then I strongly suggest looking for a training provider who will teach you about the following tools: order flow or price ladder trading, footprint charts, market profiles and central bank policies. You’ll also need to learn how to use Bloomberg and/or Reuters. At the very least, take check out this trader training site: https://axiafutures.com/