Become a Funded Trader
Forex Blog Articles
If you are interested in starting a career in finance, one of the most exciting options is to become a trader, specifically a funded trader. However, not everyone is cut out to work in forex
trading because of the sheer range of variables and frequent fluctuations in financial securities. This means that the profit margins in trading accounts aren’t consistent, and traders need to be natural risk-takers to succeed. Risk-taking is an important aspect of forex trading, but that doesn’t mean you should trade without any strategy in place or make bad trading decisions.
You must develop the knack to identify profitable trades because the market can change unexpectedly, and you must remain focused while trading. If you lose your composure and focus, it can result in major losses, which will completely usurp any large gains you made. Therefore, it is imperative that your judgment is spot-on since it will help you make important decisions when placed under pressure. There are several ways you can become a funded trader, and forge a successful forex career, but the best way is to work with a proprietary trading firm by enrolling in a forex funding account program.
Reasons Why You Should Become a Funded Trader
The5ers proprietary trading fund program is one of the most comprehensive and flexible forex proprietary funds on the market. There are several reasons why you should consider joining a forex trading fund because that is the next step in a forex traders career. If you are struggling to think of reasons why you should become a funded trader, here are some of them:
One of the biggest benefits of becoming a funded trader is that you don’t need to ever risk your own money in trading again. The trading fund will provide you with the capital for trading, which
takes the pressure off you because you will never lose your money.
No hunting around for clients
Another great reason to become a funded trader is that you never have to worry about hunting for clients as if you were a forex portfolio manager. You will not have to work for anyone but yourself, because you will be managing the account by yourself. This provides you with complete freedom to perfect your trading strategy and style with no external factors distracting you.
Get the capital to trade from the fund
Worried about not having enough money to trade in the market? You don’t have to worry about that anymore when you become a funded trader. The capital will come from the fund, and you can trade with that money and make big profits. That takes off all the pressure from your side because if you show consistent profits, you will be given even more capital to start trading.
You can scale up your managed capital in a non-linear growth scheme, which offers you for every 10% gain, a growth of 100% capital to trade with. This growth option won’t be available to you when you are trading on your own self-funded account or when you trade with any of your client investors capital.
A proof stamp for your professionalism
Once you showcase your talent as a trader and get selected or accepted to the forex proprietary fund, it is a reputation stamp for you as a trader. This is because not every trader makes it to a forex funding account program, and only the ones with skill, talent, determination, and a great track record manage to become a funded trader.
When you become a funded trader, you have complete freedom to trade remotely from anywhere, because the forex trading fund by The5ers is open to all nations. You can trade on the go, and at any time, without ever the need to commute to an office again. This freedom offered to funded traders ensures that they can get results by trading at their own time to ensure they get the best results.
Trade-in any time zone
Funded traders have the freedom to trade in any time zone with no restrictions placed on them. That is one of the biggest benefits of becoming a funded trader since you can determine your own time working hours by your own free will and convenience.
Get paid every month
When you are trading on your own, all the profits you make are yours to keep, however, any withdrawal you make reduces from gaining more market-buying-power. You also incur all the losses as well. When you become a funded trader, you get paid every month based on your trading performance, while not having to worry about losses or growth. It is the next step in every forex trader’s career.
How to Become a Funded Trader?
Now that you have thought about becoming a funded trader, it is important to understand how you can get to that stage of your forex career. The5ers proprietary fund offers all traders the chance
to showcase their skills and get selected to become a funded trader with them. Here is what you must do first:
Show consistency as a trader
Every trader is judged by their trading performance, but they are also judged on their consistency in making good trades. If you plan on becoming a funded trader, you must showcase your trading skills and be consistent in making profitable trades. That is the only way you are going to attract attention as a trader and have forex proprietary funds scrambling for your trading expertise.
Prove your trading
When you are trading by yourself, the only person you can prove something to is yourself. That doesn’t motivate many to become better at trading, but if you plan to work in forex trading for
life, then you need to prove your trading by signing up for evaluation at a forex funding account program.
Apply the fund risk management requirements on your strategy
You won’t be asked to change your trading strategy when you become a funded trader, but you will be asked to apply the fund risk management requirements on your strategy. This is designed to ensure that funded traders don’t take undue risks that result in losses for the funded account.
Achieve the evaluation target
You will be given a profit target to accomplish, and you must reach that within 6 months in the live trading environment. To become a portfolio manager in The5ers proprietary fund, traders are required to reach 6% profit by the end of 6 months of the evaluation phase, before they become a funded trader. Once you pass your evaluation target, you will be given a high capital fully funded trading account.
The next step is becoming a portfolio manager, where you are automatically joined for the X2 for 10% growth program. Where for every 10% net profit, the fund doubles the capital you will be handling for them in the forex proprietary fund.
It isn’t easy to become a funded trader, but by joining a forex funding account program, like the one at The5ers, you give yourself the best chance to forge a successful forex career.
Photo by Sharon McCutcheon
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