John At The Center

Interestingly, because veteran traders are running these training programs, they recognize the importance of both teaching skills and instilling proper trading psychology. In my opinion, this makes the training programs far more “real world” than many of the “trading education” offerings from self-anointed gurus.

As an example of this new breed of prop firm and the kind of skills and information they teach, check out the blog for SMB Capital.Perhaps the most interesting part of what they’re doing is that they’ve opened up their training programs to traders who can’t join their New York firm. This enables independent traders to receive the same education/training/support that would be available in a professional firm, thanks to the online medium.

Keep your eyes open; a number of proprietary trading firms–several of which have been in touch with me–will be entering this space:

http://traderfeed.blogspot.com/2008/07/training-successful-traders-new-breed.html