Frequently Asked Questions

How do I become a trader?

1 Part one of the process is to join our Online Training Program. It is a one-month guided program that covers the simple definitions to the advanced concepts. It also involves trader assessment by way of simulated trading and research projects. The program is free to everyone.


2Those that do well and meet our criteria online are invited to join our in-house program. Here we look at advanced trading concepts such as specific spread trades and trades that we have seen work well with our seasoned traders. Again, there is no charge for this.


3 Full Trader Funding. Do well in our training program and you will be offered a contract to join us as a fully funded trader. We fund 100% of your trading account and cover any losses. You’ll sit in our dealing room alongside other traders. Game on!

General

The definition of proprietary trading is very simple but often misunderstood or confused with other financial market participants.
Proprietary Trading activities are financial transactions undertaken by an organisation using and risking its own capital. The proprietary or ‘prop’ firm, will generate profits by way of assuming risk rather than by generating commission fees from customers. Proprietary Trading firms do not have clients, do not sell or broker deals and products, but operate and prosper through a thorough understanding of risk and money management. As a consequence of their activities, proprietary traders generally provide liquidity to the market and a risk transfer mechanism for other market participants.
There are myriad trading styles under the ‘prop’ umbrella, using many different asset types. At Genesis Proprietary Trading we focus primarily on global futures markets.

The program is split into two parts; online and in-house

Part 1 – Online
This initial part of the program runs online for four weeks and begins with the basics of trading, progressing quickly to more advanced concepts.

The training involves a mixture of simulated trading, online seminars, research projects and assessments. You will have access to a training specialist to guide and advise you along the way.

The program will be hard work from day one. To get to an acceptable standard with which to progress to Part 2 we expect you will need to put in several hours per day. Obviously, the more you put in, the more you will get out of this stage of the program and the more likely you are to reach the required standard.

Part 2 – In-house
Trainees who successfully complete the online stage may then be invited to progress to join our in-house program in Sydney. This stage runs for six weeks and full time attendance is required. Trainees will be under the expert guidance of our training & mentoring team.

This stage of the program is designed to immerse you in a real trading environment with like-minded individuals. You will continue to develop and hone the skills learned on the online program in an open and collegiate atmosphere. Here you will begin to specialise and delve deeper into more advanced trades and concentrate on specific strategies.

We have a dedicated Training Team comprising traders and trading development professionals with global market experience spanning the decades, from the days of open outcry trading pits to up-to-the-minute technology focussed trading.
Trainees are guided, supported and encouraged every step of the way – your success is our success.

The program is free, which also means it’s unpaid. You will need to have the means to support yourself for the duration of the training program and beyond. Our traders are entrepreneurs, they run their own trading business, with our infrastructure, backing and support.

Traders who successfully complete the Academy program and become a Genesis trader will essentially be starting their own business. We provide traders with the capital and infrastructure to trade with ongoing mentorship and guidance. Remuneration arrangements are straightforward –profits are split between the trader and the house. You eat what you kill, it’s as simple as that.

Although part 1 is online, the aim of the program is to develop traders for Genesis, onshore in Australia. Therefore, Australian citizenship or permanent Australian residency is also a requirement. Please note that we are unable to sponsor visas.

Genesis Proprietary Trading is privately owned. The company was formed as a result of a merger between two of Australia’s leading proprietary trading firms: Aliom Trading and Eprop. Both parties bring a wealth of knowledge and experience as well as passion and drive, making Genesis the preeminent trading house in Australia – and an exciting place to build a trading career.

Some of our more established traders use automation as part of their trading arsenal. New strategies are considered on a case by case basis between the trader and the firm.

If you successfully complete Parts 1 & 2 you may be offered a trading deal with Genesis and invited to join our trading floor. Here you will be further mentored, guided and developed as you start what we hope will be a long and fruitful partnership with Genesis.

We do not charge for the training program. It’s 100% free. We are confident we could charge for it – our program is world class. However, we want to develop traders for Genesis so we are happy to bear the cost of finding, training and developing the best aspiring traders out there.

Our program is designed to take you from ground zero up, so you do not need a trading or financial markets background.

We do not currently offer internships.

Before Applying

First and foremost we want to work with people who share our passion for financial markets. You don’t need to have any trading experience, or a finance related education or background.
We really look for a set of personal qualities that together have the potential to create a great trader. If you can say yes to the following you are definitely someone we would like to talk to:

  • Interest in trading and/or financial markets
  • Strong self-discipline
  • Entrepreneurial flair
  • Competitive nature
  • Highly numerate
  • Grit and determination

At Genesis we are futures trading specialists. We focus on opportunities in global futures markets using both spread and outright strategies.

If you happen to be the best FX trader in the world, then you don’t need us. If your results to date aren’t fantastic, consider giving this a try. We trade futures for some very good reasons – and all of that is in the training.

Yes we take on experienced traders – and they do not need to do the training. Our definition of ‘experienced’ is one that has traded futures, particularly interest rates on a very active level. Other markets do not really qualify. If you need to discuss this, just contact us.

Instead of the usual resume and application form, we select candidates by way of a knowledge Quiz. Pass the Quiz and you will have access to our online program. Pass the online program and subsequent interview and you will be invited to join us in-house.

The secret is hard work. Doing well here requires you to take on what we show you and figure out a few things for yourself.
There are no secret trading formulas or indicators. That stuff is created just to sell books.

It sure is, but anything easy is not going to give you much reward. The online program requires you to study, research and trade on a simulator. It’s a few hours per day minimum, but the more time you put in, the better.

No. The reason is the online training involves active trading on a simulator. We use this to assess you for the next stage (in-house).

There is no guarantee but the beauty of this program is that you are the master of your own destiny. You truly get out what you put in. There are no easy shortcuts to trading. Practical experience and hard work are key to success in trading. The Genesis program is an industry leading training program, designed by some of the best trading minds in Australia to give every trainee a solid foundation with which they can potentially build a trading career.

Simply follow the link at the top of the page.

Once Online

It’s course work, research projects and trading on a simulator. It runs for four weeks over which time you are assessed.
Trainees are given a set number of tasks and goals and we would expect a minimum of 6 hours per day. But as it is with most things, you get out what you put in, so the longer you spend and the further you immerse yourself, the greater the outcomes will be. All trainees will have one on one guidance from our Training staff as needed.

Ideally, we’d like you to immerse yourself 100% in the program but we know that there will be times when that’s not possible. Part 1 is manageable if you have self-discipline and excellent time management skills. However, Part 2, the in-house stage, requires full-time attendance so you would need to be available 5 days a week to be eligible for this.

No way! It’s about how you take to learning something new. You are measured on involvement more than P&L.

Under some circumstances, you may have the opportunity to retry if you don’t pass first time. Your Genesis Trading Academy trainer will be able to guide you on this and advise which areas you need to focus on to improve your chances of success.

We aim to run several programs per year and we take applications year round.

Relax. It was new to all of us at some stage. This is not rocket science. We simply teach you the tools of trading for a living. The best advice is to read, reread, ask questions and put more time into it.

The best thing you can do is ask. When online you’ll have a ‘go to guy’. When in-house, you have the same. Use those resources.

When In-House

Trainees who successfully complete the online stage may then be invited to progress to join our in-house program in Sydney. This stage runs for six weeks and full time attendance is required. Trainees will be under the expert guidance of our training & mentoring team.

This stage of the program is designed to immerse you in a real trading environment with like-minded individuals. You will continue to develop and hone the skills learned on the online program in an open and collegiate atmosphere. Here you will begin to specialise and delve deeper into more advanced trades and concentrate on specific strategies.

Trainees will essentially be living and breathing trading for these six weeks and will be expected to work traders’ hours. This would include preparation for your trading day, attending the pre-open morning meeting and post-market analysis sessions.

That varies from person to person. We try to make it as short as possible.

Sure you can but not straight away. We both need to feel that trading remotely is the best thing for you.

Yep, we saw that movie too. Getting paid as a prop trader is by way of profit share. When you make money, we both make money. There is no salary as this is not really a ‘job’, just profit share.
Remember the role of Genesis is to train and fund you.

As your backer and business partner, Genesis will absorb net trading losses. This means that, to begin with, our novice traders will have certain parameters within which to trade. Every trader is different and naturally we want our traders to be successful and progress quickly. Our mentors will grow each trader at an appropriate pace.

No. Our role is to support you and help you grow. Losing money is part of the learning process. We have all been there and get it.