[amz]

Ive recently noticed services that offer office space for traders. It's basically one floor packed with computers and monitors with several +40 inch screens to chart indexes. The fee to use the space is a monthly charge and its pretty reasonable. Anyone familiar with this?

I would like to obtain more info on this. I think its a good change in environment for traders who are faced with isolation.

[Soultrader]

Originally Posted by amz »

Ive recently noticed services that offer office space for traders. It's basically one floor packed with computers and monitors with several +40 inch screens to chart indexes. The fee to use the space is a monthly charge and its pretty reasonable. Anyone familiar with this?

I would like to obtain more info on this. I think its a good change in environment for traders who are faced with isolation.

Its gained popularity here in Tokyo as well. The rooms often come with individual trading desks with 2-3 monitors. Also packed with couple large screens for major indexes. Some offer a pool table, restuarant, etc...

Usually they are packed with Forex traders out here in Tokyo. Not sure what the price is for rental space. I would assume it to be fairly reasonable.

I would use the trading rooms if I could.... it's just that I trade during the night since I trade the Dow futures. These rooms don't run 24/7, but would be nice if they did.

If I do run across a pamphlet on one of these rooms, Ill make sure to post a link.

[Jesse]

wow.. and this is different from a prop trading firm?

[Soultrader]

Pretty sure it is. I would have to double check though.

[1time]

Do these trading rooms offer education as well?

[Soultrader]

Originally Posted by 1time »

Do these trading rooms offer education as well?

No they don't. Think of it as a trading facility. It helps traders who have issues with isolation if they are trading from home.

Also, they have pool tables and such which makes it easier to stay away from trading at times.

[1time]

ah, I get it. Thanks

[ezduzzit]

Hmm.... I haven't come across any physical rooms like these or heard about them yet here in Los Angeles but if they are popular elsewhere then I am sure they will soon be popular here as well if they are not already so.

For my own money, I will stick to trading from home. I realize this is just my personal opinion but I somehow just don't think trading is a group activity. It might be ok for a beginner, in more of a classroom environment, but I find it highly distracting once you are trading with your live account. I always avoided trading my live account even in the online rooms for that same reason.

I understand many people cannot endure the lonely life of a daytrader, but then perhaps daytrading is either not for them or else they may need to restrict their trading time down to the first two hours of the morning after the open or something like that, so that it is not a burden to get through and the isolation won't have time to get to them. If you can successfully trade live money in a busy group environment like that, then I take my hat off to you.

Happy Trading