Funded trading is a way of accessing large capital without risking your own money. It involves passing a series of tests and proving your trading skills to a prop firm or a funded trading program. If you succeed, you can trade with their money and keep a percentage of the profits. Sounds too good to be true, right? Well, not exactly. Funded trading has its pros and cons, and you should be aware of them before you decide to join one. In this post, we will explore what are the benefits and risks of funded trading?, and why you should try the Funder Pro challenge.
Benefits of funded trading
Funded trading has many advantages for traders who want to scale up their trading career. Here are some of them:
- Access to large capital: One of the biggest challenges for traders is to grow their account size. With funded trading, you can trade with up to $5 million, depending on the program you join. This means you can make more money with the same strategies and skills that you already have.
- No risk of losing your own money: Another benefit of funded trading is that you don’t have to risk your own money. The prop firm or the funded trading program takes on the risk as well as the potential upside. You only have to pay a small fee to join the challenge, which is usually refundable if you pass. This way, you can trade with confidence and peace of mind.
- Accountability and discipline: Funded trading also helps you improve your trading psychology and habits. Since you are trading with someone else’s money, you have to follow certain rules and limits, such as profit targets, drawdowns, leverage, etc. This forces you to be more accountable and disciplined in your trading, which can lead to better results in the long run.
- Community and support: Funded trading also gives you access to a community of like-minded traders who share their experiences and tips. You can also get support from mentors, coaches, or analysts who can help you with your trading challenges and goals.
Risks of funded trading
Funded trading is not a free lunch, however. It also comes with some drawbacks and challenges that you should be aware of. Here are some of them:
- Strict rules and restrictions: As we mentioned earlier, funded trading requires you to follow certain rules and restrictions that may limit your trading style and freedom. For example, you may not be able to trade certain instruments, time frames, or strategies that you prefer. You may also have to deal with trailing drawdowns, which means that your account balance should never drop below a certain percentage from its peak.
- Profit split and fees: Another downside of funded trading is that you have to share your profits with the prop firm or the funded trading program. Depending on the program you join, you may keep anywhere from 50% to 80% of the profits, while the rest goes to them. You may also have to pay some fees or commissions for using their platform or services.
- Pressure and stress: Funded trading can also create some pressure and stress for traders who want to pass the challenge and get funded. You may feel tempted to rush or force trades or over-leverage your account in order to reach the profit target faster. This can lead to emotional trading and poor decisions that can jeopardize your chances of success.
Why you should try the Funder Pro challenge
If you are interested in funded trading, one of the best programs that you can try is the Funder Pro challenge. The Funder Pro challenge is a unique opportunity for traders around the world to put their trading skills to the test and compete in a 2-step evaluation process for real capital. Here are some reasons why you should try it:
- Simple and flexible evaluation process: The Funder Pro challenge has a simple and flexible evaluation process that consists of two phases: Phase 1 (Evaluation) and Phase 2 (Verification). In Phase 1, you have to reach a profit target of 10% without breaching any other rules. In Phase 2, you have to reach a profit target of 8% without breaching any other rules. There is no time limit for either phase, so you can trade at your own pace.
- Generous profit split and scaling plan: The Funder Pro challenge offers a generous profit split and scaling plan for traders who pass the evaluation process and become Funder Pro traders. You can keep up to 80% of the profits and scale up your account by 50% every 3 months all the way up to $5 million
- Refundable fee and free trial: The Funder Pro challenge also has a refundable fee and a free trial option for traders who want to join the program. You only have to pay a small fee (from $249) to join the challenge, which is refundable if you pass both phases. You can also try the challenge for free for 14 days and see if it suits your trading style.
- Win the F1 & F2 Finals in Abu Dhabi: The Funder Pro challenge also has an exciting giveaway for traders who join the program. You can collect raffle tickets and win a VIP access to the F1 & F2 Finals in Abu Dhabi with Funder Pro. The more you engage with Funder Pro, the closer you get to win the Abu Dhabi Experience.
Conclusion
Funded trading is a great way to make some extra money with your forex trading skills. But it also has its benefits and risks that you should consider before you join one. The Funder Pro challenge is one of the best funded trading programs that you can try if you want to access large capital, no risk, and a simple evaluation process. If you are ready to take your trading to the next level, join the Funder Pro challenge today and start your journey to become a funded trader.