If you can trade and you can prove you have the skill to trade profitably to one of the many prop firms, you can obtain a funded account following verification.
A funded account basically gives you the opportunity to trade with "Other People's Money".
Depending on the Funded Account Provider, you will keep a percentage of the profits made, which can help you to grow your own personal trading account. Some funded account providers will allow you to keep between 70 and 80 percent of the profits (and some maybe more).
So, if you can prove to the Funded Account Provider (or Prop Firm) that you can trade profitably and within the suggested trading objectives/parameters on a demo account, they will provide you with an amount of money to trade with. How do they benefit? You keep 70% of the profits and the Funded Account Provider keep 30% of the profits. Essentially, they are taking a risk but the reward will be 30% on their investment as long as you are successful.
For example, if you pass the verification stage and apply for a $10,000 account, you get to keep 70% of the profit target for that account for the month. The Profit target would be $1,000 (10%) over a minimum of 10 trading days with a maximum daily loss of $500 and a total overall loss of $1,000.
You would be looking at your personal gain: 70% of $1,000, which is $700.00. (This is based on the lowest amount.)
Of course, this can seem very exciting - however - the first hurdle to overcome is to be able to prove to the Funded Account Provider that you can trade profitably. And that is how our trading community can help.
If you have a particular trading strategy that is profitable (like we share in our trading community) then you can sail through this type of challenge easily. But there's also risk to reward to consider too when trading your funded account. However, I shall discuss Risk to Reward in more detail in this article here: Learn More About Risk To Reward
If you feel ready to investigate trading seriously towards a Funded Account, click the "Let's Start" button below!