Traders have a lot of options when it comes to different types of accounts.
While a personal trading account can be a good way to learn the ropes, there is also the option of applying for funded accounts with a proprietary investment firm.
Day trading with proprietary funded accounts allows traders to apply practical knowledge from trading education, and practice real trades while avoiding some of the pitfalls of personal investment. Funded accounts allow you to experiment with your trading techniques, and keep some of the gains you make if you win.
Even though opening a personal trading account allows traders to keep 100% of the profits, they also have to shoulder 100% of the risk involved. Applying for a funded account with a prop trading firm gives you the option to learn how to trade effectively while minimizing the possibility of losing your own money. Proprietary trading firms will also typically refer you to an education service to make sure you know the basics before you get started.
Working with a funded trading account allows beginners to alleviate some of the stress of learning day trading, while having access to education and practical day trading techniques.
In this category, you will learn all about how funded accounts work, what the requirements are, and how to get started trading with a funded prop account. You will also learn about the different companies that provide these types of services, as well as the different advantages and disadvantages of working with them.