In so many articles about prop trading online rarely anyone touches the subject of reasons for traders to start trading with prop firms, and yes not only one but several of them.
Let us clear one thing first before displaying these 5 reasons. You should trade with more than one prop trading provider and the simple reason is that different providers offer different rules for trading their money, and registration fees are different as the account sizes, so your strategy may be spread through several providers. So register with us and the other two, for example, providers will give you more trading strategy opportunities and it would lead to a diversification of your risk in trading. Also, it is good comparing different providers so you would choose which one you will stay longer and maybe have more than one account, but this comparison would then be real and not based on other traders’ experience or their prejudice.
Let us now see the list of five most important reasons why would you choose even one prop trading provider and start trading with them.
- You will have access to bigger capital than you have ever traded with.
- Instead of depositing $5000 in your own account which will give you a small trading power, it is better to use that money for registration with several direct funding providers and gain access to a 500k or 1 Mio of trading capital.
- You will stop losing money because you had less than the required minimum of trading capital for successful and profitable trading.
- Trading the real accounts you will have access to can open the door for your own copy trading service where you will trade other people moment when you show them your prop trading results.
- Practical trading with capital given on the real account is the only way you will learn to trade and gain so much required experience in trading than trading on demo accounts.
These five reasons indicated are not the only ones there are more reasons why should you use some amount of money you saved for trading to register for prop trading and start trading with prop trading providers and direct funding only as challenges and demo accounts will again give you the same results as you are trading with your own personal accounts and your demo accounts. Why is that? If you ever pass those challenges that are not a guarantee that you will be successful in trading a real account because psychology is totally different and we have seen that with a large group of traders so statistically if you are successful in trading demo accounts almost 95% of traders fail when they switch to a live trading account. That is why with most of the brokers you have a warning that around 93% of retail traders lose their money.