A risk of 1%-2% of trading capital, leverage used is a pointless calculation really.

Veteran forex traders, how much leverage do you use to trade?

Ah ok, that makes it a bit better, I guess the carrot for paying desk fees is the opportunity to eventually trade their money. I've seen a similar thing with trader training companies, the bulk of their revenue comes from training fees. In ...

After you are profitable - Now what?

I can't get these numbers to add up and make it profitable for the shop, that's my problem, they must be getting revenue or benefit from somewhere/something else. For the trader sure, it's a great deal, better than great in fact, it's a giveaway! ...

After you are profitable - Now what?

It just gets better and better! This certainly sounds like something worth taking a second look at, the impression I've always had of prop shops up until now is they're a bit shady in some way, not based on anything factual I hasten to add. If the ...

After you are profitable - Now what?

I must be missing something because it sounds like a good deal. I guess for self backed you're paying the 10% for access to the preferred deals they've got set up as a result of their volume? Is there anything else you get? What's the downside, ...

After you are profitable - Now what?

Sorry, I didn't mean to ridicule, no offence meant. I dunno, trading a few hundred k virtual retail with a bucket shop vs trading multiple millions institutional, I think the comparison was fair.

After you are profitable - Now what?

It's a bit like taking your playstation baseball game results into the Dodgers and asking for a job

After you are profitable - Now what?

Thanks for the info, when you say daily limits does that include minimums and maximums, ie you have a minimum/maximum volume to trade per day? How about returns, is there a minimum monthly?

After you are profitable - Now what?

Seriously, 90%? What sort of size are you talking about here? Is there a minimum monthly volume? US or UK based firm?

After you are profitable - Now what?

Yep, they could probably do with a laugh

After you are profitable - Now what?

Well I guess it depends on how profitable you are as a trader, if you're only marginally profitable then it's obviously harder for you to attract clients to invest with you and the ones you do manage to get would need to be kept happy. However a ...

After you are profitable - Now what?

Hey no problem, I hope it works out for you!

After you are profitable - Now what?

95-97% of people who don't live in padded cells do you mean

After you are profitable - Now what?

.....talking of ridiculous, that's about the most ridiculous advice I've ever heard! Fortunately the OP seems to have more sense than to do what you're suggesting! You'd be better off going to a casino if you want to gamble, the odds are probably ...

After you are profitable - Now what?

Compounding isn't an option for the OP as he's using all his monthly returns for living expenses, his investment is actually decreasing in value due to inflation. If he can't raise additional trading capital from elsewhere then managing a fund seems ...

After you are profitable - Now what?

Speculating with other people's money, either as a job and then progressing up the food chain or managing private funds. There is an awful lot of money out there looking for a decent return, especially now when yields on more traditional investments ...

After you are profitable - Now what?

How is managing funds a step back, it's all upside without any of the associated risk. With returns like the OP is producing, and assuming he's consistent and his risk is comparable, it's likely he could build up a reasonable sized fund within 12 ...

After you are profitable - Now what?

He posts on these forums.

After you are profitable - Now what?

Sure, I know what you mean. If you're making gains of 5-10% per month then get some exposure on performance tracking websites, like Xaron's. If you're good then it shouldn't take long to build a decent size fund. As far as regulation, there are many ...

After you are profitable - Now what?

Compound.

After you are profitable - Now what?