We all live from a horizon of possibility–a sense of what we can and won’t do in life. G.K. Chesterton once said that the true philosophy focuses on the person in the instant–will we take this road or that?
Nowhere is this more apparent than in the world of finance.
Every single day we are confronted with decisions to make with our money. Some will be mistakes no doubt. Others may be the best decisions we ever make.
Prop trading firms have ushered in a new generation of traders who are aware of this horizon of possibility There seems to be an almost vertical trajectory in the number of these platforms popping up–so how do you know which one is for you?
Keep reading for our in-depth The Funded Trader review.
But first, how do you know which prop firm is for you? Here are a few things to keep in mind when exploring different funded trading platforms:
Different funded trading programs may be better suited to different trading styles or goals. For example, if you're looking to trade forex exclusively, you'll want to find a program that specializes in that asset class. Similarly, if you have a particular trading style or strategy that you are most comfortable with, you'll want to find a program that allows you to trade in the way that works best for you.
As we mentioned earlier, the requirements for funded traders can be quite strict. This might include hitting certain profit targets, adhering to strict risk management rules, or even trading exclusively during certain hours of the day. Before signing up for a program, make sure you're confident that you can meet these criteria consistently.
Funded trading programs aren't free. In most cases, you'll need to pay some sort of fee to access the capital and resources that the program offers. These fees can vary widely depending on the platform–so be sure to factor them into your calculations when weighing the pros and cons of different options. Get 40% using The Funded Trader Discount Code.
Even if you're able to become a funded trader, it's important not to let your education slide. The world of trading is constantly evolving–it's essential to keep up with new developments and hone your skills over time. Look for programs that offer ongoing educational resources and coaching to support your growth as a trader.
So what is The Funded Trader exactly?
Founded in 2021, The Funded Trader is the new kid on the block that has become a leading prop trading firm due to its simple rules, transparent profit targets, exceptional profit splits, and active trading community.
To take a look at how this platform stands out from its competitors, let’s look at some of the pros.
TFT offers four challenges. The Knight Challenge, however, offers a one-step evaluation process with no minimum trading days.
Though you will have to pay to participate in the challenge of your choosing, The Funded Trader is still cheaper than many other platforms, including SurgeTrader.
The Funded Trader boasts a Discord channel with more than 50,000 active members. This can be utilized for sharing ideas, insights, and knowledge.
A max daily drawdown of 6% and an overall max drawdown of 12% makes The Funded Trader one of the most generous in the industry.
The Funded Trader comes with a default 80/20 payout and the potential to reach a 90/10 profit split, making it one of the highest-paying prop firms on the market.
Here are our favorite features from the four challenges (Standard, Rapid, Royal, and Knight) The Funded Trader offers:
The Funded Trader is an exceptional platform for traders of all levels to consistently make profitable trades.
One of the best features is the ability to get funded in multiple ways–the four different challenges. The lucrative profit splits make it an attractive choice for all of us in this new generation of traders.
If you’d like to check out for yourself, click here to get started with The Funded Trader today.