Day trading firms are scattered around the US, Canada, and the world. These firms provide traders with training and the opportunity to trade firm forex prop trader, receiving a cut of the profits in exchange. It can be a lucrative business, but also a tough one. Here’s how day trading “prop firms” operate and what to expect if you get in.
Proprietary firms are called such because they each do their own thing. What Is a Proprietary Day Trader? A day trader working for a proprietary trading firm is typically a contractor, not an employee. Prop traders are not usually paid an hourly wage or salary and don’t receive perks like health care.