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Strategies & Market Trends : Canadian Options -- Ignore unavailable to you. Want to Upgrade?


To: Tommy D who wrote (859)3/2/1998 8:20:00 AM
From: notredame  Respond to of 1598
 
I can help here. The minimum capital required is $50K and you need a clearing house (RBCDS does it) for your trades.

I think the program has definite advantages, just need the elusive $50K.



To: Tommy D who wrote (859)3/2/1998 5:11:00 PM
From: Dave.S  Read Replies (1) | Respond to of 1598
 
Tommy:

For details of this program call Patricia Johnson of the TSE, 416-947-4700. She is the co-ordinator of this program as well as the program for Future Locals. Future Locals trade the TXO options plus the Toronto 35 Future contract. There are alot more Locals than COT's and the capital requirements are lower. Some traders also do both.

I must say this is a difficult and stressful way to make a living and you can go many months without making money. It can also be exciting and fun. You can expect to go for the first two years before you get a real feel for floor trading, it is not like trading as a client.

But once you make it you can earn a very good living and have complete independence. Most traders never go back to a "normal" life.

Dave