After the Challenge: Navigating the World of Trading with Finance
Welcome to the World of Financed Trading
!! Congratulations!! You have successfully completed the Gauntlet mini™ or Trader career path® challenges and are now a funded trader. But what comes next after this achievement? What rules should you follow? How would you handle the profits? And what happens if things don’t go as you expected? Here we will answer all those questions and more.
Exploring Financing Options
After completing the Gauntlet mini™, you will receive an offer of a funded trading account. This account will be the same size as the one used during the evaluation. With Trader career path®, your initial capital will vary depending on the level you have reached, offering you growth opportunities up to certain limits. Additionally, top traders can get personalized offers based on their performance.
There are two types of accounts available:
LiveSim® Account
This virtual account allows you to practice your skills in a simulated environment while having the opportunity to make profits. Although the trades are not executed in a real market, the simulation is done with live data from Rithmic. It is an ideal option for those who want to mitigate the stress of live trading while still making money with good results.
For traders who choose this account upon completing the Gauntlet mini™, it will be available until they reach their first $5,000 in profits. For those who passed the Trader career path® assessment, it will be available until they reach their profit goal.
They will then be automatically switched to a Live account.
Additionally, account activation fees apply for non-professional and professional traders.
Live Accounts
For a professional trading experience, you can opt for a Live account. Here, you will be able to trade in real time and your orders will be processed directly through a broker in the market. Although the setup process is a little longer, it gives you the opportunity to trade in a real environment and be considered a professional trader.
Monthly market data fees apply for these accounts.
Earnings and Withdrawals
With an 80/20 profit sharing scheme, you have the opportunity to make profits. But remember, you can only withdraw the profits and not the initial capital. Withdrawal requests are processed weekly and must meet certain minimum requirements.
Withdrawal rules are transparent: you can only withdraw the winnings you have earned. Additionally, withdrawal fees apply, as well as platform and data fees.
Respecting the Rules of the Game
The rules are essential to keep your account active. Avoid exceeding your loss limits and follow established regulations. Discipline is key to long-term success.
Conclusion: A Journey of Discipline and Opportunity
Trader Career Path: 5 Key Considerations
- Mastering Trading Skills
- Understanding Risk Management
- Developing a Trading Plan
- Managing Emotions and Psychology
- Continuous Learning and Improvement
Trading with financing is a journey that requires discipline and patience. With a solid approach and following the rules, you can build a path to financial success. Stay focused, respect the rules and take advantage of the opportunities that come your way.