Hey all I want to start trading for a prop firm , trading futures anybody work for or can suggest a good firm with a good training program? I have some trading experience. Thanks a lot for your help
Hi , well Topsteptrader gives you a Combine account first , only once you show that you are profitable will they give you a funded account. that's how they work
Oh, so you want to get funded "before" you are profitable. Welcome to ET. You'll fit in perfectly here.
This is what you said. Yes, they make you show them you have some minimal ability, and by minimal, I mean minimal. I got news for ya capadre, EVERY prop firm in the world is going to make you show them you have some extraordinary skill, whether it be your pedigree, your track record or previous experience. And if you were in their boat, you would do the same thing.
Yes, if you pass the combine account, then you get the funded account. Keep in mind, however, that you can only trade 2 lots maximum to start in the live account. To build more size, you have to build a profit cushion. The account cannot go back to a "zero" balance. So although you are not putting up any capital, they are only "funding" you if you maintain a positive account balance that varies depending on how many lots you are trading. If you ever go negative, then you are sent back to simulator. A true "funded" account is where the firm lets you trade their capital, AND lets you go into the red but knows from your established track record that you can trade out of the draw.
Thank you ScalperJoe, What i wanted to know , the limited lot size makes it much more difficult , and as you say one cannot have a draw down or you get put back into the sim. Difficult to make money for yourself. So you know off any other firm that lets you work on accounts and don't mind the draw down ?
why not write a resume to rho , nico, chimera, fxcm in chicago? visit the cme group on whacker drive and enquaint a hiring director with interviews?