While retail prop firms advertise for profitable traders, what they want is someone of a different type. Their advertising is to lure high risk traders into pipe dreams using ‘rented’ capital to pull returns by turning on the faucet.  It’s not how it works my friends.  While prop funds can offer opportunity, you have to first identify offers of legitimacy.  The truth is;

• The market is efficient, high spreads are not legitimate. 
• Commercial operations (real funds) maintain low costs (commissions).  High commissions are meant to increase your risk!
• Sophisticated traders sustain draw-downs, limiting risk is intentionally avoiding gains. 
• Not one retail prop fund uses A – Book liquidity to hedge your exposure. This means, they are not protected against theoretical gains, gains disqualify you through discretionary rules.
• Demo or Simulated accounts are just that.  But they are not bridged or slaved into live accounts for risk purposes. Any suggestion of this is outright fraud.

Does this mean that you can’t profit from retail prop firms? No.  You absolutely can, but you need to be methodical and stay under the radar so to speak. Once you have your capital base ready, then you’re much better off self funding to reduce risks, costs and ‘rules’ meant to disqualify your trading style.

If you’re ready to jump into a lucrative approach to trading FX, schedule a call and let’s get you on board and in the community! I’ll see you on the inside!