Hi all I'm looking for a first loss program that will start you with 100k even maybe less, say 50k. Most programs I know have 300k minimums Also does anyone know of any firm, program, etc. that can let you trade on paper for a while and if succesful after a period of time give you access to capital? Thanks J
Most "legitimate" 1st Loss programs ask for $1M but many will take $500K .These programs have investors with capital often exceeding $200M or more. I hate these programs for traders with that much of their own capital. I'm also not a lover of prop firms with 1st loss money, unless you don't have the assets to fund your own account and get leverage. If you trade futures, I would go it on your own with your $50K. If you trade equities, I would look into a prop firm. If you have $100K, you are just shy of a retail PM account. That would be my goal. Good Luck, 1245