About financing for trading

Discussion in 'Trading' started by JFL, Nov 11, 2023.

  1. JFL

    JFL

    Hello everyone.
    After spending some months testing a strategy, I see that it has good results and is stable and consistent. Now I face the following problem, I need financing because I do not have capital to be able to make a living from this and take advantage of my method.
    I know of the existence of funded accounts, but only from the futures market. Sites like earn2trade and similar offer funded accounts. The problem is that they are not compatible with my method. They are accounts for the futures market, and they force you to open at least one contract, which consumes a lot of money, and in many cases would make me reach the daily loss control. Something that does not happen with the CFDs in which I operate. It is very common for me to open a trade, go to losses worth 80 pips and then end up closing the day at 80 pips in favor. Well, with these future markets funded accounts, a positive closing day would be a negative negative day. Because those 80 pips would already make me reach the daily stop loss allowed.
    Do you know of funded accounts for CFDs, or ones that are more suited to my intraday operations? I get the feeling that these futures funding accounts only serve for very limited scalping operations, since if in one hour there is a large movement against you, you will reach the daily stop loss allowed.
    The other thing I have thought about is Darwinex or Naga-type pages, where you receive money from other investors, but of course this only occurs if they see that you have a profitable history of at least (in the worst case) a year. And although I do not rule out this option, I would like to know if there is any way to have more immediate financing, such as a funded account for CFD
    Greetings
     
  2. padutrader

    padutrader

    i have reached the same conclusion and i have been trading with TST E2T and many others since years.
    most of them just want you to lose and many have unrealised profit drawdown. this is robbery
     
  3. padutrader

    padutrader

    why do you not try this .this another way to get investments
    Trading Signals and Social Trading in MetaTrader 5 – Forex Signals (mql5.com)
     
  4. tsfx

    tsfx

    I don't think trading a 200k account with 1 micro lot (MES) futures should cause you over leveraged problems.
     
    p0box4 likes this.
  5. ironchef

    ironchef

    I am an old timer. If you are old, you don't need my advice. If you are a young guy just starting out, let me tell you a secret:

    You don't need OPM, you need time. If you truly have an edge, say a modest 20% a year.

    You put $1000 into the account and don't add a penny,
    10 years, $6,192,
    20 years 38,338,
    30yrs, 237,376,
    40 years, $1,469,772.

    A millionaire when you are ready to retire. Of course if you are a twenty something, you won't listen.
     
  6. MarkTr

    MarkTr

    Funding terms I have seen are complete rubbish, no way to make a long-term business using funding.

    Only two types worth anything - leverage via the broker, or join a fund and use their capital to invest (you typically get 5-12% of profits)
     
  7. JFL

    JFL

    I am really interesting in the last thing you mentioned. Cause if the capital is very big a 5-12% could be enough for get a decent income. Can you tell me more about these funds? I guess I will need to prove them I have good results trading.
     
  8. SunTrader

    SunTrader

    Try GoFackMe.
     
    hilmy83 likes this.
  9. hilmy83

    hilmy83

    Don't bother with these funded accounts.

    Go raise your own capital; get a job, or 2-3 jobs. Do a gig (uber or maybe onlyfans if you're that desperate)
     
    semperfrosty and ironchef like this.
  10. tsfx

    tsfx


    20% a year consistenly for 40 years and you are a nr1 Hedge Fund in the world. It'd be absolutely paramount to consider OPM and make 100M's not a mere 1.5M in that case :)
     
    #10     Nov 12, 2023