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Proprietary Trading Firms, Arcades, and Scams


I have a lot of respect for Brett Steenbarger. He posted this today on his blog: Proprietary Trading Firms, Arcades, and Scams

Here is a snippet from his post:
quote:
I've received several emails lately in which traders asked me about joining proprietary firms that offer training for very high fees (many thousands of dollars/euros). The traders want to know, "Are these firms legitimate?"

I have very sincere doubts.