SALT LAKE CITY, UT – Maverick Trading, named one of the best proprietary trading firms in 2018, announced that it was expanding the number of futures contracts it would allow its proprietary traders to trade.
The firm’s Founder and Head Trader, Robb Reinhold, recently conducted a series of webinars for both the firm’s proprietary traders and for members of the public that were interested in proprietary trading. Reinhold stated, “We titled our public webinar ‘Futures Trading De-Mystified.’ It’s amazing how many proprietary trading firms don’t discuss futures trading or futures trading basics. While futures contracts are technically more advanced financial instruments, a good futures trading strategy has a place in every portfolio.”
A recording of the recent presentation, “Futures Trading De-Mystified,” can be found at the link below:
Reinhold continued, “We’ve found that proprietary futures trading is best done by traders with some experience. We tend to focus our efforts on financial futures and hard commodities because those instruments lend themselves to trade on more technical patterns. Trading soft commodities requires knowledge of the industries as well as knowledge of weather effects.”
When asked about the driving force behind this expansion of proprietary futures trading, Maverick’s CEO, Darren Fischer, commented, “We’ve built a reputation as one of the best prop trading firms because we listen to our traders and provide them with the education, support, and capital they need to trade professionally. Our traders communicated a desire to have futures trading explained to them and we were happy to fill that need.”
In further comments, Maverick Trading management discussed how prospective futures traders fall into three broad categories and how the firm coaches and counsels those traders. For traders who see futures trading as a hedge to an existing portfolio or as an instrument to trade the broad markets, Maverick Trading encourages them to explore trading in its Options division. For traders who like the excitement and leverage that directional futures trading provides, the firm encourages those traders to take a closer look at its FX Division. The third group is comprised of traders who like to trade the underlying financial futures and hard commodities as part of a macro strategy. These traders are brought on board the Options division and allowed to trade the underlying futures contracts once they have a track record of risk and have reach Level 3 within the firm’s Capital Sharing structure.
When asked about the apparent limited selection in futures trading platforms for beginning traders, Fischer responded, “Your typical day trading firm, even your dedicated options trading firm, FX trading firm, or specialized futures trading firm doesn’t have the same risk management systems we have in place at Maverick Trading. Our traders learn to systematically manage risk according to their personalities. The individual attention we give to our traders coupled with the global risk controls we have permits us to back our traders with capital so they can trade the more lucrative instruments in meaningful sizes.”
Reinhold concluded, “If you’re going to trade professionally, you need to have a grounding in futures trading. We’re happy to provide that grounding to our traders to ensure they can trade profitably with consistent risk management. It really is a win-win situation for our traders and for Maverick Trading.”
About Maverick Trading
Founded in 1997, Maverick Trading is a private proprietary trading firm. The firm has two divisions, focusing on position and swing trading options in equities, exchange traded funds, and futures, as well as a foreign currency division focused on directional trading the eight major currencies.
Media Contact: Joe Jensen; 940-217-5826; firstname.lastname@example.org.