As investors find creative ways to grow their wealth; a growing trend that will continue to grow is that of FUNDED ACCOUNTS provided for the forex trader and other traders. This is a WIN-WIN situation for both the investor and the forex traders.
The investor is spreading their risk by having a number of traders trading for them instead of having all their money in one place.
HOW CAN YOU BENEFIT FROM THIS??
For the forex trader, we have the best of both worlds. We don’t have to risk our own money and we get a share of the profits and all the loss is accepted by the investor. What more could we ask for!!!!! If money was your problem that was preventing you from getting involved in this lucrative market then you no longer have any excuse to get involved. There is a lot of money available that you can access.
In our opinion, we think you will find a lot more investors getting involved in funded accounts. we think it’s much better than keeping their money in the bank at the moment.
WHAT YOU NEED TO DO RIGHT NOW……
If you have a forex strategy that you can use, then don’t delay, check out the available funding streams below.
If you don’t have a strategy to benefit from the market, then take a look at this FREE TRADING SYSTEM.
Some new traders like to be mentored and be a part of a community which I think is a excellent way of learning forex – if you are a new trader who would prefer this approach then you can get more information here.
Note – there a lot of different strategies to trade the forex market and not every strategy you come across will fit with your trading psychology, that is, why I am pointing you in the direction of a range of strategies that you can check out to see if it fits your trading psychology before you choose. You can find additional strategies here.
It don’t make any sense for you to get access to funds at this stage if you do not have a forex strategy that works. You are just wasting your time. Therefore take the time to learn a forex strategy.
Most new traders like to explore the internet searching for strategies. One thing I can assure you is that you will come across a lot of information which will result in information overload and therefore you become confused.
Why? The fact that you are new mean in most cases you don’t know what you are looking for when it comes to forex trading and this is the reason of the confusion. I have been in your shoes, so I am talking from experience. So I just ask you to take five mins out of your busy schedule to read this first before you proceed.
WHAT FUNDING IS AVAILABLE TO YOU….
Here at Forex for Beginners, we classify funded accounts in two broad categories.
- Direct Access Funded Accounts
- Evaluation Funded Accounts – Prove yourself first before you get access to funds to trade thier capital.
DIRECT ACCESS FUNDED ACCOUNTS
These types of funded accounts are accounts in which you pay a monthly subscription and then you gain access to money in which you can start to trade straight away but you need to have a forex strategy for you to really benefit from this.
Below are companies that offer you direct access funded accounts.
I will summaries for you below how City Trader Imperium funding scheme works but you can access more information direct from their website here.
- Profit share is varies based on the package you choose..
- You sign up to get access to funds. Fees are one off payment. No need to pay monthly unless you breach conditions.
- The company will accept all the loss, therefore NO RISK TO YOU.
- There is account growth when you hit a 10% target. You can take off your profit without affecting your account growth.
- Overnight position is allowed and holding position over the weekend is also allowed.
- You are risk managed and only allow a 10% drawdown. If you go beyond this level your account will be disabled.
- YOU NEED TO CHECK OUT CITY TRADER IMPERIUM
PROVE YOURSELF BEFORE YOU GET ACCESS TO FUNDS TO TRADE
HERE IS A SUMMARY OF T4T FUNDED ACCOUNT WORKS
- First you have to pass a practical assessment before you get funded. That is, you need to prove that you can reach their profit targets without breaking any of their rules. There is no time limit to pass the practical assessment. Click any of the links for more information.
- Profit share starts at 50/50 and goes up to 80/20 as you grow your account. The 80% is for you the trader.
- You sign up to start the practical assessment. There are three accounts to choose from in you which you pay a ONE OFF PAYMENT, NO MONTHLY SUBSCRIPTION. The three accounts are as follows:
- 1) There is a US$25,000 in which the one off payment is US$199.
2)There is a UD$50,000 in which the ONE OFF PAYMENT IS US$250
- 3) There is a US$100,000 account in which the ONE OFF PAYMENT IS US$350.
- Must use a stop loss order on every trade
- Must not hold positon over the weekend
- The profit targets that you have to meet is as
follows:
- For the US$25,000 the profit target is US$3,000
- For the US$50,000 the profit target is US$6,000
- For the US$100,000 the profit target is US$12,000
- The weekly loss targets that you have to meet is
as follows:
- For the US$25,000 the weekly loss target is US$500
- For the US$50,000 the weekly loss target is US$1,000
- For the US$100,000 the weekly loss target is US$2,000
- The maximum loss targets that you have to meet is as follows:
- For the US$25,000 the maximum loss target is US$1,000
- For the US$50,000 the maximum loss target is US$2,000
- For the US$100,000 the maximum loss target is US$4,000
- The maximum lot/position size that you must not exceed is as follows:
- For the US$25,000 the maximum lot/position size is 2.5 lots
- For the US$50,000 the maximum lot/position size is 5 lots
- For the US$100,000 the maximum lot/position size is 10 lots
NOTE – In addition to the ONE OFF PAYMENT, if you break any of the rules above you need to reset your account. This will cost you US$199 every time you have to reset your account.
You will need to reset your account if:-
- You exceed weekly loss limit
- You exceed maximum loss limit
- You exceed maximum lot size
- You do not use a stop loss on you open position or pending orders
- Hold open position over the weekend.
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- The company will accept all the loss, therefore NO RISK TO YOU.
- There is account growth on all three accounts
- Your trading style is up to you
HERE IS A SUMMARY OF HOW FTMO FUNDED ACCOUNT WORKS
FTMO has two stages before you get funded. They also have two risk levels, that it normal or aggressive that you can choose from based on the type of trader you are. Once you qualify you get 70% of the profit share.
Prove you can trade using a 30 days simulated account by:-
Hitting their profit target of 10% for normal risk and 20% for aggressive risk
Stay within the maximum daily loss of initial capital balance. The loss targets are
5% normal risk and 10% aggressive risk.
Stay within their maximum loss targets. The maximum loss targets are 10% normal risk and 20% aggressive risk. The targets are based on the initial capital amount.
50% of your trading days should be positive, that is, is you trade for 20 days, 10 out of the 20 day you must be positive – meaning you make money during those 10 days.
You pay a FEE to get started. Note – This FEE is refundable with your first profit withdrawal. Therefore, if you qualify and make profit there is NO RISK TO YOU AT ALL.
You have to choose a currency when opening an account. You can choose the $US or the EURO. The fee mentioned below is for the $US dollar account. The fee varies based on the risk level you choose.
Trading capital of $US10,000 you pay $US155 for normal risk and $US250 for aggressive risk
Trading capital of $US25,000 you pay $US250 for normal risk and $US345 for aggressive risk
Trading capital of $US50,000 you pay $US345 for normal risk and $US540 for aggressive risk
Account growth is possible. Your account will increase by 25% of your initial balance if you are able to meet a profit target of 10% within 4 months. Two out of the 4 months must be positive that is you must make money in those 2 months.
FEES PAID IS REFUNDABLE ON YOUR FIRST PROFIT WITHDRAWAL
STAGE 2 – THE VERIFICATION STAGE
This stage is to check if you have a consistent strategy. This is one of the key component to making money in the forex market.
In this stage your profit targets are reduced by 50% but your trading days now increase from 30 days to 60 days. As I have mentioned before, this stage is just to check that you have a consistent strategy.
During this stage you have to trade a minimum of 10 trading days and 50% of these day you should make money in order to get funded and become and FTMO trader.
After you pass both stages the only thing that you need to comply with are as follows:
Maximum Daily Loss
Maximum Loss
Minimum Trading Days
There is NO PROFIT TARGETS to achieve once you quality, but you need to make profit so you can withdraw money and have a good time.
