A funded trader is a trader who enrolls and passes an evaluation program with a simulated account (in some cases in real), and obtains access to an account in real (in some cases in simulated): the profits are then split amongst the funder and the trader.
The trader signs an agreement with the funder that gives him access to the funded account (these money still belong to funder) and has rights to a part of the profits.
This is not a job, there is no salary (some funders offer bonus on performance).
There certainly are more experienced and successful traders than me.
I am still learning, every day, but if someone shared with me 5 years ago everything I know today I would have surely appreciated that and accelerated my learning curve, that’s why I’m still working on this project.
I am not.
I would like to become one in the future though.
The funders use the evaluation programs to find the most disciplined and profitable traders.
These programs are costly to manage, so is customer support, etc..
I managed to obtain funding a few times and I told my story, day by day, good days and very bad days, in my blog.
Having success doesn’t make you a coach nor a teacher.
I believe there are traders with way more experience than me and some great coaching and training programs out there, I do recommend my favourite in the experts section.
Absolutely not. Why would I when I can trade millions of $ worth in nominal accounts as given out by the funders?
I want you to learn where you can obtain the best instruments and how to use them, by yourself, for yourself, and keep all the profits for yourself!
I’m saying no to a whole lot of easy money, but: what would you learn from this?
And what would happen to you the day I quit giving out trading signals?
FOMO : Fear Of Missing Out, it’s what I’m trying to kill with my indicator.
FOMO Killer is the indicator I have developed in collaboration with Pietro Terzano: this indicator anticipates counter-trend moves by analysing a large quantity of indicators and divergences of price and volume.
Any trader can do the same analysis that FOMO Killer does of course: but not at the same speed, precision, and with so little effort.
Just download it from the shop and install it in your NinjaTrader 8: it will automatically run for 7 days, then it will be locked until you purchase the license for it.
Visit the page dedicated to the FOMO Killer and watch the video tutorials I have created about it.
My aim is for Funded-Trader to becoming a self-sustained project.
The affiliation fees I receive from some of the funders are a great support (I’m not affiliated with all the funders I feature).
The objective for this project is to help you in finding your way to a better financial situation; and for you to avoid all the mistakes I have made in my journey…
Considering the thousands and thousands of hours I have spent on it: the real fuel for this project are the many kind messages I receive from you!
From Uruguay to Indonesia, passing by Mexico, California, Spain, Italy, India, too many to mention here, it’s just incredible. Thank you all!
No I’m not.
But I would love to collaborate with No Profits who work with financial education, especially for the young people.
If you work for, or are familiar with an interesting project please do get in touch with me.
This market is growing very fast and it’s becoming impossible for me to include every company there is.
These are the companies I’m aware of but not featuring as yet, or not anymore.
By all means: go visit their website, do your own research, reach your own conclusions.
The affiliation has never been a discriminant factor: my approach to the publishing of information today is as clear and honest as ever.
As a matter of fact I’m excluding companies I’m affiliated with and including companies I’m not affiliated with.
I do strongly believe this approach is the best: thanks to the affiliations Funded-trader is self sustained, and it remains ADS FREE and totally INDEPENDENT.
There isn’t a scientific method for me to use, I wish there was one, so I have to decide based on my own research, experience, and from the feedback I receive from the readers.
These are the reasons I exclude or include a funder in my FundsFinder:
- the funder doesn’t have a strong online presence or has been founded very recently.
- the funder has been in business for a long time but hasn’t improved its service to the traders nor its online presence.
- the funder is copying a more established funder without improving the service for the traders.
- the funder’s evaluation programs are so many and the rules so complicated they give me a headache.
- the funder doesn’t seem trustworthy to me.
- the funder never replied to my attempts to get in touch with them.
- the funder is very proactive, communicative, helpful, human, clear in the way it communicates with its public.
- the funder provides good quality services to the traders: trading education, market analysis, webinars, trading rooms.
Glossary / Legend
DD : drawdown; the maximum loss allowed.
EA : expert advisor; it’s a software or piece of code that integrates with the trading platform, for example an indicator, a trading strategy, or even an automatic trading strategy.
P1 : phase 1; the first step of simulated trading in the evaluation program.
P2 : phase 2; the second step of simulated trading in the evaluation program.
R eval : real evaluation; the phase of the evaluation program where the account is in real money, and profits shared with the trader, usually a smaller account than the funded account.
R : real; the phase where you trade the funded account.
EAs or automatic strategies are software codes that allows the trading platform to trade by itself, automatically.
Some funders offer to their best traders to increase their nominal account value, usually it’s based on performance.
The traders’ buying power; it doesn’t necessarily means the account provided is funded with such value: it means the trader can use this value for his calculations of margin and trade size.
A funder may allow the trader who pays a fee to restart its evaluation program: usually available only for the evaluation programs with monthly subscription; this is never available for the trader with the funded account.
The funder may allow or disallow the traders to be in a position, or take a trade over a relevant economic news being released.
The funder requires the trader to pay a fee to be enrolled in its evaluation program.
Depending on the type of program this might be a single payment or a monthly subscription.
A funder may allow the trader to restart his evaluation program for free; usually only if the trader hasn’t broken any rule but hasn’t reached the profit target hence cannot obtain the funded account.
A funder may require the trader to close every position before the market for that closes: this relates to Futures and Stocks that open and close every day, Sunday to Friday.
The account value that is set as the threshold that cannot be surpassed never changes, not when the trader makes profit, not when he loses.
The account value that the funder has set as the lowest threshold, not to be surpassed, changes continuously: when the trader makes profit this threshold trails higher.
All funders consider the max loss to be broken when a trade is open and the unrealized loss hits this threshold.
The funders may set this to trail only the realized profits, or unrealized profits as well.
Most funders, but not all, have this threshold set to stop at the initial balance (the account nominal value).
A funder may set a threshold for the maximum amount of contracts a trade can invest at any moment during the evaluation program, often times this should follow a scaling plan, where the size changes with profit.
A funder may leave it to the trader, based on his account margin, to calculate the size allowed for his trades.
A funder may stop the trader when this rule is broken, or cancel his evaluation program or funded account entirely.
A funder may require the trader to always set a stop loss order for every trade he takes, and defines the maximum rate at which this should be set.
(we are all great traders if we entitle ourselves to an unrealized -20% only to wait for price to turn around)
A funder may require the trader to enter a certain amount of trades, so to exclude a performance where the trader passes the evaluation with just 1 or a few lucky trades.
The funder may define this by the total of round trades, or by number of days where a trade has been opened; for example a trade opened on Monday and closed on Thursday still counts only for 1 trading day.
A funder may allow trades positions to remain open overnight and over the week-end.