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How to Get Funded by a Prop Firm // Ep. 111

Learn the benefits and downsides of trying out for a prop firm. There is a specific method to passing the test, which we share here.

Home / Podcast / How to Get Funded by a Prop Firm // Ep. 111

In This Episode

  • How these programs work
  • The system you should use to qualify
  • What if you just flipped the trades?

Tips on Getting Funded by a Prop Firm

If you don't have enough money to start trading full time, working with a prop firm is an option to consider. You “try out” as a trader and if you past the test, they give you money to trade.

This can help you get to full-time much faster than if you traded your account alone.

SUGGESTED RESOURCE: See all of our best trading resources

However, there are many pitfalls with this method, so we talk about what to avoid and also how to succeed. 

Walter also shares the story of what his friend did with his prop firm to make money. It's an interesting story and it makes a lot of sense, once you hear it.

Note: Apologies for the lack of video, we had some trouble with a few episodes. It will be back in a couple of episodes. 

Listen to the Audio Version

Click the play button below to hear the audio-only version. You can also download the mp3 file below.

https://media.blubrry.com/tradinglifestylepodcast/tp-podcast.s3.us-west-2.amazonaws.com/tp111.mp3

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Thanks for listening and we hope that your trading is going well!

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Host: Hugh Kimura Topic: Trading Psychology

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About Hugh Kimura

Hi, I'm a co-host of the podcast, independent trader and founder of TradingHeroes.com. Take a look at all of our episodes to find the tutorials that you're looking for.

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CFTC Rules 4.41 - Hypothetical or Simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, because the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. Testimonials appearing may not be representative of other clients or customers and is not a guarantee of future performance or success.

 

 

 

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