I'm an Engineer, specialized in signal processing.
Caught interest in the market so started reading "The intelligent Investor" and had a bunch of books queued for reading before deciding to commit any of my savings. Mostly as a hobby, but things might have taken a turn.
Probably because of my background as a programmer I was preselected on a program for fostering traders. Basically they let you
gamble manage 10K for a year with no fees on futures transactions. There are some requirements like a minimum of 600 contracts per month and termination upon losing 50% of the principal.
So playing with somebody else's money sounds like fun.
Considering that until the first interview I didn't even knew what a future was:
- a) Are contracts the equivalent of actions on the futures market?
- b) How hard is it to reach those 600 contracts per month?
- c) Is there anything special on the "no fees on futures"? any ideas on how could I exploit this?
- d) Is there any catch on these sort of programs? Is there anything worth learning on them?
- e) I don't have much free time, what's the minimum time I'd need for "hobby day trading"
I have half a month to look competent enough to pass the next selection stage and qualify for the program so any reference to a small crash course on financial tools in general, on futures in particular, and references on day trading and algorithmic trading would be appreciated.