Any other Futures Brokers?

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Mar 22, 2010 3:01 pm

Hey guys,

I just recently started as a futures broker out of college a few months ago...I was wondering if there were many other people in commodities in the forums?

Mar 22, 2010 3:57 pm

[quote=gethardgetraw]

I heard there's a great future in plastics... I'm worried about my future.

[/quote]

original...

Mar 22, 2010 5:24 pm

COM, don't mind dickless. He thinks he's clever. Too much self touching.

Mar 22, 2010 5:40 pm

Just out of college? Futures Broker ... just curious, how and who do you plan on prospecting?

Mar 22, 2010 5:41 pm

Other than a few gold peddlers, I can't say I have seen any.  I seem to recall a similar inquiry a while back.

Mar 22, 2010 7:09 pm

[quote=Gaddock]

Just out of college? Futures Broker ... just curious, how and who do you plan on prospecting?

[/quote]

As you could probably figure, cold-calling is relatively ineffective, so I do not do it.

I originally started training the first few months and have only been prospecting for about 2 months, mainly through info requests.  I am heavily into internet marketing and have been relatively successful with it so far.

I have 6 clients who I provide trade recs form, all good size accounts, one of them being a very big account.  I also have a few clients who I put in our managed funds which is successful and I make a residual income off of that.

I have been browsing the forums mainly just looking for more ideas for marketing myself and prospecting, hopefully being able to contribute as well.

Thanks for any positive responses.

Mar 23, 2010 8:29 am

[quote=ComBroker]

[quote=Gaddock]

Just out of college? Futures Broker ... just curious, how and who do you plan on prospecting?

[/quote]

As you could probably figure, cold-calling is relatively ineffective, so I do not do it.

I originally started training the first few months and have only been prospecting for about 2 months, mainly through info requests.  I am heavily into internet marketing and have been relatively successful with it so far.

I have 6 clients who I provide trade recs form, all good size accounts, one of them being a very big account.  I also have a few clients who I put in our managed funds which is successful and I make a residual income off of that.

I have been browsing the forums mainly just looking for more ideas for marketing myself and prospecting, hopefully being able to contribute as well.

Thanks for any positive responses.

[/quote]

clearly haven't read much on this forum if you think cold calling is ineffective.  but to each his own i guess

Mar 23, 2010 9:54 am

[quote=gb0413]

[quote=ComBroker]

[quote=Gaddock]

Just out of college? Futures Broker ... just curious, how and who do you plan on prospecting?

[/quote]

As you could probably figure, cold-calling is relatively ineffective, so I do not do it.

I originally started training the first few months and have only been prospecting for about 2 months, mainly through info requests.  I am heavily into internet marketing and have been relatively successful with it so far.

I have 6 clients who I provide trade recs form, all good size accounts, one of them being a very big account.  I also have a few clients who I put in our managed funds which is successful and I make a residual income off of that.

I have been browsing the forums mainly just looking for more ideas for marketing myself and prospecting, hopefully being able to contribute as well.

Thanks for any positive responses.

[/quote]

clearly haven't read much on this forum if you think cold calling is ineffective.  but to each his own i guess

[/quote]

I'm not saying cold calling is ineffective overall, it is ineffective when trying to find people to do leveraged trading, which generally requires people to have a lot of risk capital. 

Mar 24, 2010 4:58 pm

[quote=ComBroker]

[quote=Gaddock]

Just out of college? Futures Broker ... just curious, how and who do you plan on prospecting?

[/quote]

As you could probably figure, cold-calling is relatively ineffective, so I do not do it.

[/quote]

That's how I did it and it is effective. Few have the balls to do it. If I were you I would look for companies that use various commodities that want to turn variable costs into fixed costs. Oh yeah, that would include cold calling though.

Mar 24, 2010 8:59 pm

[quote=Gaddock]

[quote=ComBroker]

[quote=Gaddock]

Just out of college? Futures Broker ... just curious, how and who do you plan on prospecting?

[/quote]

As you could probably figure, cold-calling is relatively ineffective, so I do not do it.

[/quote]

That's how I did it and it is effective. Few have the balls to do it. If I were you I would look for companies that use various commodities that want to turn variable costs into fixed costs. Oh yeah, that would include cold calling though.

[/quote]

That's a great idea...I never thought of that.  Do you know where to find these types of companies besides doing searches on the internet.  Are you able to buy a list that has these companies?

When I said cold calling was ineffective, I am just saying that because of what I have heard from others at my companys, mainly referring to cold calling residential homes.  Most people do not have the type of risk capital to trade commodities.

Mar 25, 2010 9:03 pm

[quote=ComBroker]

[quote=Gaddock]

[quote=ComBroker]

[quote=Gaddock]

Just out of college? Futures Broker ... just curious, how and who do you plan on prospecting?

[/quote]

As you could probably figure, cold-calling is relatively ineffective, so I do not do it.

[/quote]

That's how I did it and it is effective. Few have the balls to do it. If I were you I would look for companies that use various commodities that want to turn variable costs into fixed costs. Oh yeah, that would include cold calling though.

[/quote]

That's a great idea...I never thought of that.  Do you know where to find these types of companies besides doing searches on the internet.  Are you able to buy a list that has these companies?

When I said cold calling was ineffective, I am just saying that because of what I have heard from others at my companys, mainly referring to cold calling residential homes.  Most people do not have the type of risk capital to trade commodities.

[/quote]

That's why most people fail. If none of the guys that are supposed to help you didn't share the obvious on where to find real business I would question their stake in your success. Most people that broker futures with SUCCESS are industry insiders that know a specific industry cold and what causes price fluctuation in their needed commodities. Farmers for example want to hedge the cost of feed and or what they can sell their product for. Let your imagination run with that. You'll need to find smaller operations that can't afford a full time guy to do it. This takes you from a guy that 'sells' RISK to a guy that solves major price distortion risk for businesses to remain profitable.

One more thought ... learn to HEDGE and your services will be in great demand. I'll leave it to you to figure out where to find lists.