Been offered a Job at a Prop Traders in London - do I take it?

Basically I don't have any trading experience apart from my own few shares. I did great in the interview as I've done a lot of reading and I really, really want to be a trader.

Basically it's a 3 month career program costing a £4,000 deposit. After that they offer you a job with them for 12 months - the desk spot costs me £1,000 per month and I get 50% commission from anything I make from the £10,000 kitty they give me (and rising). You get the £4,000 deposit back over the course of the year.

Is this a good move for me? Or is this a shitty job well known to people in the industry? Is there an easier way into a trading career? I went a top University studying Engineering but quit after 2 years because I hated it/it wasn't for me. My school grades are exemplary, though. Important to note I'm only 21!

Submitted October 13, 2014 at 08:58PM by elltron3000 http://ift.tt/1voUHvE