FX Prop Trading Expert, Justin Hertzberg — The Benefits of Prop Trading

In today’s episode of the How To Trade It Podcast get ready to listen to Casy and Justin Hertzberg discuss the benefits of prop trading, along with a ton of other great stuff. You don’t want to miss it!

Intro — Benefits of Prop Trading

FX prop trading expert, Justin Hertzberg. is a highly experienced and respected attorney known for his expertise in the fields of corporate and commercial law. He has a proven track record of successfully representing clients in complex legal matters and has built a reputation as a skilled negotiator and litigator. 

Throughout his career, Justin has represented a wide range of clients, including large corporations, small businesses, and individuals. He is dedicated to providing his clients with the highest level of legal representation and is committed to achieving the best possible outcome in every case. 

In addition to his legal practice, Justin is actively involved in various professional organizations and is a frequent speaker and author on legal issues.

Justin is well known for his involvement with Forest Park FX, a leading financial services firm in the FX Trading industry. He serves as the company’s General Counsel, providing legal guidance and support on a wide range of issues related to the FX market and the firm’s operations. He is responsible for overseeing all legal matters for the company, including regulatory compliance, contract negotiations, and dispute resolution. 

With his extensive experience and knowledge of the FX industry, Justin Hertzberg plays an integral role in helping Forest Park FX navigate the complex legal landscape of the industry and achieve its business goals. He is known for his ability to provide practical, strategic, and cost-effective legal solutions that help the company to mitigate risk and maximize opportunities.

Justin also plays an important part in the company’s technological development. He is known for his expertise in technology law and is responsible for advising the company on legal issues related to technology and data privacy. 

Justin works closely with the company’s technology team to ensure that the company’s systems and processes comply with all relevant laws and regulations. He also plays an instrumental role in helping the company to develop new technologies that can improve its trading capabilities and better serve its clients.

His knowledge and experience in technology and FX markets make him a valuable asset to Forest Park FX, and he is recognized for his ability to bridge the gap between legal and technical teams and help the company to stay competitive in the industry. His focus on innovative solutions and his ability to stay ahead of industry trends make him an essential part of Forest Park FX’s leadership team.

In addition to his professional accomplishments, Justin D. Hertzberg, Esq. is also known for his interests and hobbies. He is an avid runner and regularly participates in marathons and other long-distance races. He is a dedicated traveler and enjoys exploring new cultures and countries. In his free time, he enjoys reading, especially books on history, and spending time with his family.

Justin is involved in philanthropic causes and is known for his dedication to giving back to the community. He is actively involved in various charitable organizations and is a strong advocate for education and children’s welfare. Justin’s dedication to his clients, community, and personal passions makes him a well-rounded individual.

In this episode of How To Trade It, Justin and Casey dig deep into the world of trading and the drawbacks and benefits of prop trading. You don’t want to miss it! According to Justin Hertzberg, volume in the FX industry dwarfs volume in other asset classes. Join us on this episode of How To Trade It to learn more! #Forex #Currencies #CFDs #PropTrading #FPFXTech #ForestPark Click To Tweet

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Disclaimer: Trading carries a high level of risk, and may not be suitable for all investors. Before deciding to invest you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment. Therefore, you should not invest money you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. 

You’ll want to listen to this episode if you are interested in hearing Justin Hertzberg discuss…

• [00:53] Software development
• [04:52] Automation for prop trading
• [07:15] Trading-contest gateway
• [12:14] Retail vs. Non-retail trading
• [18:56] Institutional traders
• [21:04] The currency market
• [25:33] Liquidity: Where’s it coming from?
• [29:55] Risks with MT4/MT5?
• [36:53] Trading CFDs and Futures contracts
• [42:53] Prop trading

Prop Trading Automation

Prop trading is a great opportunity for traders to access significant amounts of capital and give them a real shot at being able to trade full-time.  With that in mind, we decided to automate the administration and operation of an actual prop firm, to make it easier for companies to offer assessments to their clients.  Initially, we integrated with the company’s payment processor on the e-commerce side and captured the purchaser information. 

Then, we integrated with a broker, where we can create a trading account for each trader.  We can monitor trading activity on an automated, real-time basis.  Next, we were able to integrate with email hosting as a solution to automate event-triggered notifications, such as welcome emails with login credentials, passing or failing an assessment, repurchasing, etc. Presently, we are an industry leader in this rapid-growing sector.  We represent 75 prop firms using our technology, and we have successfully created over 1.3 million individual accounts.  

CFDs 

The growth and prevalence of CFDs (Contract For Difference), outside of the U.S., have been tremendous.  CFDs are off-exchange equivalents of on-exchange assets.  That could be anything from gold to indices to individual stocks to various commodities. Typically, part of the appeal is that you can trade CFD products with more leverage than you would get with on-exchange trading. Another benefit is that you can trade those products within the same trading account as Forex. So, you have your money working for you in one concentrated place. 

In the U.S., all assets have to be traded through different accounts…stock account, forex account, options account, futures account, etc. It’s sort of a fractured regulatory structure that can make it difficult to trade because you’ve got to constantly be moving money around, keeping track of separate accounts with different margin rules and other considerations.  The concept of the CFD makes all of that easier to navigate.  Now, you can access all the different assets and different markets in one convenient place, and you get the added benefit of better leverage as well.  The downside to CFDs is that they generally come with a higher price tag, in terms of spread. 

Resources & People Mentioned

• Interested in Prop Trading? – Come trade with us!
• What is Prop Trading? – In-depth guide to help you learn everything about prop firms.
• How To “Easily” Pass a Prop Firm Test – 6 lessons to help you on your journey.

Connect with Justin D. Hertzberg, Esq. of Forest Park FX

• Website: www.forestparkfx.com
• Website: www.fpfxtech.com
• Email:     justin@fptxtech.com
• Email:     support@forestparkfx.com – ask for Justin

 

Connect With Casey Stubbs

• Website:      https://caseystubbs.com
• Website:      https://tradingstrategyguides.com/
• YouTube:     https://www.youtube.com/TradingStrategyGuides
• YouTube:     https://www.youtube.com/caseystubbs
• Twitter:        https://www.twitter.com/caseystubbs
• Facebook:   https://www.facebook.com/TradingStrategyGuides
• LinkedIn:     https://www.linkedin.com/in/caseystubbs/   

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