After selection at BearStreet trading floor, the trainees will educated about-
US stock market & exchanges:-Number of exchanges where the trader can select the stocks & put their orders, trading conditions of exchanges, fee of exchanges for trading, order type & fee etc.
Software training:-How to operate the software, How to create the hot keys for trading, different hot keys for different ECN & orders, understanding of level-2 data, use & understanding of time & sales data etc.
Start Trading in simulation:- In simulation account, traders trade with virtual money but the data is real time. If the traders or trainee are serious, they get to feel the real trading with simulation for understanding of market, stocks behaviour and price action. They can get used to with software & trading etc. At BearStreet floor, every trainee goes through the predefined "Multi Level Trading Plan" to check the understanding, capability & growth, of the trainees. Through this process, the trainees understand about the value of emotion control and discipline. After successful achievement of certain levels, the trainees switch over to live trading.
Live Trading:- Once trader goes to live trading & if he was serious at the time of simulation trading, he will start to make profit within 2 to 3 weeks. If the trader will not be able to make profit consistently or breaching rules of trading floor, they can be shifted to TMS again.