How Does AMG Alpha Fund Trader Work? Frequently Asked Questions

To become a Fund Trader, you must satisfactorily complete the following requirements:

• The Qualification Program: Our qualification program has been developed over several years at AMG Alpha.  Our goal is to make our new traders professional, highly profitable traders within the first year.  Our Qualification Program has over 100 hours of lessons demand on almost every charting and option trading topic.  All of our instructors are seasoned traders and teach the AMG's Trading methodology. Our focus is in imparting to our traders proper capital allocation, risk management and position sizing required as a professional trader.

• Pass the AMG Alpha verification program: Since you will be trading with our capital, we have a program to assure us of each trader’s understanding of the market in general. Each trader will need to pass a series of program demonstrating understanding of position sizing, risk management techniques, order entry, and profit targets. Prospective Traders in our system will have unlimited access to the back tests. Courseware is available to assist our traders to pass the tests.

• Proven Track Record: Each trader must demonstrate that he/she can implement the strategies learned in the training program. Prospective traders will spend time on a trading demo account that will be analyzed and monitored by the trader/coach assigned to them. Management will look for a trader that properly implements their written trading plan/system, risk vs. reward ratios, capital allocation, minimal drawdowns, etc. We want to make sure our traders are ready for success right when they are provided firm capital to trade.

You are not being hired in the traditional sense with employee benefits but as an independent contractor. Like all trading professionals, you will be provided with firm trading capital and your income will directly tied to your performance. When you completed and pass the training requirements required by us, you will be offered a position as a trader with base salary. Once you are a trader with capital backing from the firm, you will be permissioned to trade on behalf of the firm in a sub-account. As a trader for the firm, you will have access to professional data feeds, professional commission rates and professional trading software. You will be compensated based on your individual performance as a trader. Each year with your earnings from your trading activities. Taxes on these payouts will be the individual responsibility of each member. Speak to our interviewer on Trader Advancement Tables for the payout rates.

Before coming onboard with AMG Alpha as a trader, your primary responsibility will be to complete in-house training program. Upon the successful completion of training program, your primary responsibility will be to trade the firm’s capital within AMG's risk guidelines for maximum profit. As you gain experience and progress within the company, you may, from time to time, be called upon to conduct a class or discussion among other traders.  

Monthly trading profits are calculated from each period and a trader’s profits will be credited. . Profit disbursements will be made on the 1st of the month following the prior trading period.. As an example, if a trader earned $6,000 in profits in the March options period and was on a 35% profit split, they would receive a disbursement of $2,100 on April 1st. A trader can retain any earnings within their trading account and trade with the profits

Since it is our money, we want to make sure we have traders who know what they are doing to minimize our risk.

• Without exception, all traders are required to complete our qualification program.

• AMG Alpha offers its traders capital, coaching, and support not found in other proprietary trading firms and management has found that the full benefit of this infrastructure comes only after completing a comprehensive program.

• AMG’s goal is to create a long-term, mutually beneficial relationship with its traders and has found the best way to accomplish this goal is to start its traders off with an excellent foundation.

No. AMG Alpha is a Proprietary (Prop) Trading Firm which trains and allows a team of in house fund traders to manage and trade its own brokerage account.

• AMG’s traders are brought in as members and given trading authority to trade the firm’s account for the benefit of the firm.

• AMG's has partnered with some of the biggest firms in the business to provide our traders the absolute best in software, execution and superior pricing (commissions).

• Unlike most proprietary trading firms, AMG does not add a “mark-up” to your trading commissions and we strictly profit from the profits our traders generate.

Because of this, we do not have volume requirements and actively discourage high frequency trading. This makes our objectives and motivations the same as our traders ; generating profits in the market.