In House FX Prop Trader

In House FX Traders Responsibilities and Duties:

  • Manage €50,000 YESFX trading A/C
  • Perform intraday analysis on a basket of FX spot rate pairs.
  • Place trades on FX spot rate pairs.
  • Analyse and calculate risk to reward ratio of all possible financial instruments traded in the house.
  • Apply money management tests to decide whether to reward to risk criteria are fulfilled.
  • Participate in YESFX Online Community.


Requirements

  • Experience is not required. YESFX provides the necessary training to become a successfull FX Trader.
  • Ambitious self-starters ready to work in a fast-paced environment
  • BA/BS or MA/MSc in Finance, Information Technology (IT), Mathematics, Statistics, Engineering, Business Administration or Art & Science.
  • Strong desire to work in capital markets
  • Passion for problem-solving to find a creative solutions in an ever changing trading environment
  • Ability to communicate effectively and efficiently across dynamic trading and development teams.
Step 1: Apply for the Position

Submit your CV and Cover Letter to YESFX at [email protected]

Step 2: Agreement

The Employment Agreement pdf file is provided below for your review. Emoluments includes performance fee + basic salary as per Employment Agreement. The Employment Agreement is offered to candidates who will be employed in house.

All successful candidates will be provided an agreement to sign which has duration of 1 year (subject to the performance and money management rules as stated in the partnership agreement) The normal working hours of our trading room is from 09:00 – 19:00 (EET – Eastern European Time).


Step 3: Training

We will provide training to all successful candidates. During this month you will be able to learn, understand and apply our successful trading system, thus become a successful prop trader. Emphasis will be placed on money and risk management calculations, tactics used for entry and exit levels of a trade, usage and correct interpretation of technical analysis indicators including trend indicators and momentum indicators, identification of FIBONACCI retracement and extension levels, identification of price range volatility (high volatility versus low volatility), identification of warning signals or a possible trend reversal.

Step 4: Opportunity for Advancement/Reward Scheme

All prop traders start with a €50,000 YESFX Live Trading Account. YESFX prop trading reward scheme is divided in 3 steps which are detailed below:

Step 1: Account Value 50,000 Euro

Minimum Position Size per Trade

Maximum Position Size per Trade

Maximum loss per day

100,000 – 1 lot

100,000 – 1 lot

900 euro

To move to Step 2 the prop trader must accomplish a net profit of at least 2,000 euro for 5 consecutive months.

Step 2: Account Value 100,000 Euro

Minimum Position Size per Trader

Maximum position Size per Trade

Maximum loss per day

100,000 – 1 lot

200,000 – 2 lot

1400 euro

To move to Step 3 the prop trader must accomplish a net profit of at least 3,000 Euro for 7 consecutive months.

Step 3: Full Time Employment

Any prop trader who reaches Step 3 becomes an Experienced Prop Trader and will be offered a reward package agreed by both parties.

Working with a Propriety Trading House

A Proprietary Trading House allocates company funds to traders, either on a partnership agreement or fully employed by the company, to trade. The traders utilize their own personal strategies with the house’s money management rules to trade the funds. Proprietary Trading Houses can trade all or selected financial instruments.

latest from twitter

See below our intraday analysis for AUDUSD - 22/09/2017 - YESFX Prop-Traders Team https://t.co/5lHVXAkxsy

See below our intraday analysis for USDCAD - 21/09/2017 - YESFX Prop-Traders Team https://t.co/iYFTKrSZRQ

See below our intra-day analysis for EURGBP - 21/09/2017 - YESFX Prop-Traders Team https://t.co/4e9y0jOETf

Contact Address

  22 Lefkosias Avenue, Office 202

      2018 Strovolos, Nicosia, Cyprus

   (+357) 22 0284 10

   (+357) 7000 22 15
   (+357) 7000 22 16

   This email address is being protected from spambots. You need JavaScript enabled to view it. 

Follow Us

Newsletter

Search