Education

Get Licensed +

In order to be a proprietary trader, one needs to be licensed.  The qualifying licensing examination that enables one to be a professional proprietary trader is the Series 56.

Through our education affiliate, Wall Street Intelligence, we offer both live and interactive training seminars to prepare prospective traders for taking their Series 56 exams.

Courses:

Get Educated +

Wall Street Intelligence offers a host of educational training courses to suit any level of trader. Whether you are a foundational trader who just passed your Series 56 licensing exam or a veteran trader looking for a new edge, Wall Street Intelligence has a curriculum to suit your needs.

Courses:

 

Learn to Trade +

While our traders gain an understanding of fundamental analysis, technical analysis and technical news trading, one can employ several demo platforms to practice lessons learned.

Prospective traders can choose from the following Order Execution Platforms (OES):

  • Fusion
  • Sterling Trader Pro
  • Tachyon
  • Laser
  • DAS
  • Wall Street Trader

Wall Street Trading highly recommends that traders use demo software to become comfortable with placing orders, executing orders, back-testing strategies and managing emotions.

Courses: Day Trading Lab, Mentorship & Coaching, MyWallStreetTV

Courses:

 
Series 56:

You’ve got 2 ½ hours to pass the Series 56 test – are you prepared? Because you can’t trade without it!

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Foundations

A two-day course with a comprehensive course outline that reflects the best practices of the leading trading firms.

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Advanced:

An interactive 5 day course that bridges the gap between the theory and the vital hands-on experience necessary in real world day trading

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Ichimoku:

A system developed in the late 1930s Japanese newspaper man, but has only recently hit American trading floors.

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Mentorship and 1:1 Coaching:

Get paired with a professional trader who will help you translate your classroom learning into a savvy trading strategy.

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Power Hitters Sheet:

Create by our expert research staff, this is designed to help both active day traders and investors develop his/her daily game plan.

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You should consider the following points before engaging in a day-trading strategy. For purposes of this notice, a “day-trading strategy” means an overall trading strategy characterized by the regular transmission by a customer of intra-day orders to effect both purchase and sale transactions in the same security or securities.

Day trading generally is not appropriate for someone of limited resources and limited investment or trading experience and low risk tolerance. You should be prepared to lose all of the funds that you use for day trading. In particular, you should not fund day-trading activities with retirement savings, student loans, second mortgages, emergency funds, funds set aside for purposes such as education or home ownership, or funds required to meet your living expenses.

You should be wary of advertisements or other statements that emphasize the potential for large profits in day trading. Day trading can also lead to large and immediate financial losses.

Day trading requires in-depth knowledge of the securities markets and trading techniques and strategies. In attempting to profit through day trading, you must compete with other professional, licensed traders employed by securities firms. You should have appropriate experience before engaging in day trading.

You should be familiar with a securities firm’s business practices, including the operation of the firm’s order execution systems and procedures. Under certain market conditions, you may find it difficult or impossible to liquidate a position quickly at a reasonable price. This can occur, for example, when the market for a stock suddenly drops, or if trading is halted due to recent news events or unusual trading activity. The more volatile a stock is, the greater the likelihood that problems may be encountered in executing a transaction. In addition to normal market risks, you may experience losses due to system failures.

Day trading involves aggressive trading, and generally you will pay commissions on each trade. The total daily trading fees that you pay on your trades will add to your losses or significantly reduce your earnings.

When you day trade with funds borrowed from a firm or someone else, you can lose more than the funds you originally placed at risk. A decline in the value of the securities that are purchased may require you to provide additional funds to the firm to avoid the forced sale of those securities or other securities in your account. Short selling as part of your day-trading strategy also may lead to extraordinary loses, because you may have to purchase a stock at a very high price in order to cover a short position.

There are special risks associated with uncovered option writing that expose the investor to potentially significant losses. The writer of an uncovered call may incur large losses if the value of the underlying security exceeds the exercise price; and the writer of an uncovered put may incur large losses if the value of the underlying security declines below the exercise price. Uncovered option writing is not suitable for everyone. The strategy is only for the knowledgeable investor who understands the risks, has the financial capacity and willingness to incur potentially substantial losses, and has sufficient liquid assets to meet applicable margin requirements.

Proprietary traders may be required to make initial capital contributions to registered broker dealers. There is no guarantee that the trader will be successful and these capital contributions may be lost.

Proprietary traders are not customarily paid any salaried compensation. Instead, traders are entitled to distributions based upon profits from their trading – pursuant to their Class C interests in the firm.