Get to know the products
Future contracts and/or currency pairs
To know well 1 product is more than enough.
Pick 1 future contract and/or currency pair to study: for ex GOLD and DOLLAR YEN
Create a free Tradingview account
Study your charts: XAUUSD and USDJPY
Paper trade in Tradingview while respecting the combine rules
Grow in confidence and become profitable in paper mode
Start a free trial with one of the Funders
Be aware that results obtained during free trial may not entitle you to obtain funding.
Enrol in the trading challenge of your choice
With some Funders If you break any rule you can pay to reset the challenge
Win the challenge and move on to trade your Account
Some Funders requires you to win 2 phases, others just 1 phase; with others you start in REAL right away with a smaller account: once proven you are profitable you get access to the larger account in REAL.
Funder may ask you to pay for Data and Trading Platform Fees
Data fees are at a cost only for Futures, not Forex. Some of the available platforms are free.
Trade conservatively until your profit is much larger than the Max Drawdown
Lower the risk of losing funding: you can now start withdrawing part of your profits.
Some funders give you 100% share of first chunk of profit
Profit share for the traders go from 40% to 90%, depending on Funder and Funding Program.
You will be considered an independent worker, therefore you'll be responsible for your own taxes.
All eventual losses are absorbed by the Funder.
Some Funders offer to increase your account every time you reach a certain profit target: for example at +10% in profit they double the nominal value of your account, so you have twice as much buying power!