Have you ever thought about how to become a prop firm trader? Do you know what prop trader is? For people who want to be a full-time trader becoming a prop firm trader is often a daunting task.
The reason is most prop firms do their recruiting on the campuses of most prestigious universities around the world. They recruit the top students in math and economics and train them to trade their way. Or most like me simply come to trading later in life.
But often these firms require a substantial investment. However, one company stands out from the rest. Back in , I came across a company called Blue Point Trading. After following their company for 4 years I have yet to find a bad review. They keep an updated YouTube Channel with daily calls. Simply complete the training and follow their trade rules. Following these rules are simple but you would be surprised just how hard it is for many traders to do so.
If you are consistent in making a pip minimum target each month then you will advance to Senior Trader in 10 months. This means you can advance from. What if you had a great month 10? What if you had an exceptional month 10? You trade a demo account and BPT copies your trades in their live account, managing the lot size for you.
This approach allows your to forget about profits and focus on collecting pips. Your only risk is the admin fee and your time.
Those courses cost thousands of dollars, in most cases you would learn more trading away that money. To be fair they have a good BBB rating. Forex Peace Army Review. Advertising on CL is not a bad thing but read between the lines.
If they require a large non-refundable capital investment how easy is it to lose your investment? They have a good review on FPA and may be the real deal. You must complete their online training. Most important, all Traders need to take and pass the Series 57 exam in addition to any state requirements to begin trading with them.
What are you waiting for? June 13, Dustin Donham. Who do I recommend? Stay below a max pip draw down.More...