Well here the point is that It took me almost 3 years to find a winning strategy method that is tested. So lets say its a decent winning plan. I just need the capital. What do you recommend me?
1. friends and family 2. Join a firm for a payout 3. start your own firm and solicit strangers for funds (#1 but harder) If those three options aren’t available or you are unwilling or unable to put in the work, then get a job and save enough to trade
I TRADE cfd nasdaq Index. 1 micro lot in the funded account going 80 pips against me is like the daily loss these accounts allow. Check what padutrader said in the first reply. I agree with him that these companies offer unrealistic conditions. How can I have a method that works? It took me 3 years of losing and learning to read the market. After testing It for months and making over 100 trades results are very positive. So this is why now i am going to the Next step of finding a good capital to start.
Networking. Being on these forums, have conversations with people on voice or in person. Don't think your strategy allows for this, but trade real time with people on voice / screen share or in person and explain the trades you're taking. This is very under rated, most people even successful traders absolutely fall apart if they have to trade real time in front of people. If you can do this it's an immediate separation from the pack, particularly if you're working with someone who actually understands trading and is looking for talent. Join discord rooms related to trading, try other trading forums. Get involved in as many communities as you can. Join a trading community in your area that meets up regularly get to know people show your knowledge and explain what you need to be successful and why you need it. Again not saying you'll find someone tomorrow, but if you put in the work your odds greatly increase.
CFDs are a bucket shop. Nobody on the planet is going to give you a substantial sum of money to conduct "intraday operations" in a bucket shop. The honest-to-God best advice I can give you is to forget about trading for a living. You feel like you're on kilometer 30 of the marathon, but in reality you've barely taken one step. If you are serious about becoming rich and successful, consider that the time you waste thinking about trading could be used instead to obtain more education, grind hard to advance in your career, or start a business or side hustle producing actual value for others.
It's abundantly obvious that there are huge mountains of capital available to anyone with a decent track record, better yet if they have a pedigree & professional cred. On the other hand, 99 out of 100 (or maybe 999 out of 1000) of these kinds of posts on Elitetrader are ordinary middle class slobs who've had a couple of profitable weeks point-and-click trading chart breakouts on sim or forex/CFD bucket shops. In that sense, you can say the funding options for them are "elusive".
Accordingly to what I have seen in Darwinex.com and similar, there are many traders with solid records over years that works with cfd and make a living on that
depends what you mean by unrealistic conditions but daily drawdowns aren't one of them. Even trailing drawdown isn't one of them. Choosing a 100k account with E2T has a daily drawdown of 2200 usd. That's 4400 ticks with the Nasdaq micro. Choosing 200k account has double that. So, that isn't a concern. Okay, So what has been the result of these 3 months? What are the gains, how much was max used margin and what was the max OPEN drawdown (open losses not closed losses) during this period? Thanks.
The fear motivation of not losing OPM is not the kind of motivation a noob needs. They need a job with a reliable sustainable income to then take on trading risk. But that's obviously not what they are looking for.