So this is how I think it works: You go in to a pro firm, put of 5 grand for example, then the firm lets you trade 100 grand of their money for example, your 5 grand shields the firm against your losses, and you get to keep a cut of any gains you make with the firms money. Am I right? Sounds like leverage to me. So what are some of the reasons people go pro? Why would a firm ever let someone with no trading record use their capital without putting up any of his own to cover risk? I saw some pro firms saying they have 90% + payout, why would they give you that much of your profit when they are putting up the capital? I've heard of some firms requiring that you take a $1000 training course, which to me sounds like a scam. Why would they care if you took their course if your capital is shielding them from losses, or do they just want your $1000? Oh yea, and will pro firms let you join if you swing trade instead of daytrade? Thanks in advance.