The world of using proprietary trading firms is ever evolving, I remember when this space was getting started about 10 years ago on a large retail scale. Move forward to present day there are a handful of new firms offering the retail trader an opportunity to test their trading skills and have the opportunity to earn capital and leverage to trade with.
Which brings me to My Funded Futures whom is the sister company of long term forex account funders My Funded Forex. They are the new kid on the block when it comes to getting funded trading futures. However they are not new at this funding game whatsoever.
My Funded Futures is looking to completly change the game with its straight forward and easy rules! To me, they understand on whats important to retail futures traders in terms of levereage, pay outs and drawdown. Every trader needs wiggle room to let thier trades play out, we wan tto know that we are not limited onpayouts and so much more.
What is appealing to me here is that ALL accounts are EOD (end of day) drawdown. No intra day trailing that forces you to take profits early. You can hold onto a trade all day long and be confident the P&L swings will not hurt you or fail your evaluation. THIS IS HUGE.
Futures trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.