NexusFi: Find Your Edge


Home Menu

 





Earn2Trade - Orianna Foucault (Director of Support) - Ask Me Anything (AMA)


Discussion in Trading Reviews and Vendors

Updated
      Top Posters
    1. looks_one Earn2Trade with 172 posts (247 thanks)
    2. looks_two emini2000 with 30 posts (20 thanks)
    3. looks_3 Big Mike with 25 posts (64 thanks)
    4. looks_4 BertV with 23 posts (30 thanks)
      Best Posters
    1. looks_one Big Mike with 2.6 thanks per post
    2. looks_two bobwest with 2.5 thanks per post
    3. looks_3 Earn2Trade with 1.4 thanks per post
    4. looks_4 BertV with 1.3 thanks per post
    1. trending_up 234,706 views
    2. thumb_up 693 thanks given
    3. group 1,068 followers
    1. forum 631 posts
    2. attach_file 20 attachments




 
 

Earn2Trade - Orianna Foucault (Director of Support) - Ask Me Anything (AMA)

 
Howard Roark
Oslo Norway
 
Posts: 438 since Aug 2018
Thanks Given: 389
Thanks Received: 529

Thank you.

I was mostly interested in hearing direct experiences from traders on this board who are or have been funded with Earn2Trade. But considering the lack of replies it's possible that there is none at the moment or that they missed this question.

I could ask E2T one question though:

For a funded trader. Is there any reason to not initially choose the Live account and choose the LiveSim instead? I understand it's quicker to set up a LiveSim, but if the trader wants a long term relationship and actual funding - does it not make sense to go directly to the live account?

Thank you all.

Thanked by:

Can you help answer these questions
from other members on NexusFi?
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
Exit Strategy
NinjaTrader
Better Renko Gaps
The Elite Circle
Futures True Range Report
The Elite Circle
ZombieSqueeze
Platforms and Indicators
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
39 thanks
NexusFi site changelog and issues/problem reporting
26 thanks
The Program
18 thanks
GFIs1 1 DAX trade per day journal
18 thanks
 
 
Earn2Trade's Avatar
 Earn2Trade 
 
Posts: 201 since Jul 2018
Thanks Given: 9
Thanks Received: 299


Howard Roark View Post
Thank you.

I was mostly interested in hearing direct experiences from traders on this board who are or have been funded with Earn2Trade. But considering the lack of replies it's possible that there is none at the moment or that they missed this question.

I could ask E2T one question though:

For a funded trader. Is there any reason to not initially choose the Live account and choose the LiveSim instead? I understand it's quicker to set up a LiveSim, but if the trader wants a long term relationship and actual funding - does it not make sense to go directly to the live account?

Thank you all.

Every trader is different and their needs as well, while some prefer the Live account over the LiveSim there are many interested in the latest. The main reason is the data fee, which is coved by the prop firm as long as your status is non-professional. This allows the trader to focus on their trading, strategy, building up profits and withdrawing before having to pay the professional data feed cost on the live account ($105 /month/exchange).

Regardless, we always leave it up to the trader. Whichever direction you want to go, it will be provided.

Earn2Trade
www.earn2trade.com
Become a Professional Trader. Decisions That Can Change Your Life Forever.
Follow me on Twitter
Thanked by:
 
Howard Roark
Oslo Norway
 
Posts: 438 since Aug 2018
Thanks Given: 389
Thanks Received: 529



Earn2Trade View Post
Every trader is different and their needs as well, while some prefer the Live account over the LiveSim there are many interested in the latest. The main reason is the data fee, which is coved by the prop firm as long as your status is non-professional. This allows the trader to focus on their trading, strategy, building up profits and withdrawing before having to pay the professional data feed cost on the live account ($105 /month/exchange).

Regardless, we always leave it up to the trader. Whichever direction you want to go, it will be provided.

Thank you.

Is the data feed something a trader needs to pay if he already have a feed himself? I have IQ Feed already.

Thanked by:
 
 
Earn2Trade's Avatar
 Earn2Trade 
 
Posts: 201 since Jul 2018
Thanks Given: 9
Thanks Received: 299


Howard Roark View Post
Thank you.

Is the data feed something a trader needs to pay if he already have a feed himself? I have IQ Feed already.

On the LiveSim it is necessary for a trader to pay the cost of the data feed ($105 /month/exchange) in case their status is professional. On the Live account, they are able to use their own data feed for charting purposes only, and the execution feed will be provided by the prop firm with no extra cost.

Earn2Trade
www.earn2trade.com
Become a Professional Trader. Decisions That Can Change Your Life Forever.
Follow me on Twitter
Thanked by:
 
Howard Roark
Oslo Norway
 
Posts: 438 since Aug 2018
Thanks Given: 389
Thanks Received: 529


Earn2Trade View Post
On the LiveSim it is necessary for a trader to pay the cost of the data feed ($105 /month/exchange) in case their status is professional. On the Live account, they are able to use their own data feed for charting purposes only, and the execution feed will be provided by the prop firm with no extra cost.

Thank you.

What are the long term prospects for a funded trader trading a live account?

Is it possible to gain access to even more capital if the trader proves himself successful?

I'm trying to get a sense of if it makes sense for a funded trader to simply get his initial 10K and withdraw them or if would be a benefit to keep growing his account with Earn2Trade or Helios (which I don't know much about).

Thank you.

Thanked by:
 
 
Earn2Trade's Avatar
 Earn2Trade 
 
Posts: 201 since Jul 2018
Thanks Given: 9
Thanks Received: 299


Howard Roark View Post
Thank you.

What are the long term prospects for a funded trader trading a live account?

Is it possible to gain access to even more capital if the trader proves himself successful?

I'm trying to get a sense of if it makes sense for a funded trader to simply get his initial 10K and withdraw them or if would be a benefit to keep growing his account with Earn2Trade or Helios (which I don't know much about).

Thank you.

If the trader shows a consistently profitable performance, there is every chance that the prop firms will increase capital. The prop firms also understand that there is no trader who will always be profitable, and that is not a requirement - what traders do need to show, however, is that they can hold on to accounts and remain in control of their emotions, not blowing up large accounts on a single bad day.

We always recommend staying with the prop firms as long as possible.

Earn2Trade
www.earn2trade.com
Become a Professional Trader. Decisions That Can Change Your Life Forever.
Follow me on Twitter
Thanked by:
 
Howard Roark
Oslo Norway
 
Posts: 438 since Aug 2018
Thanks Given: 389
Thanks Received: 529


Earn2Trade View Post
If the trader shows a consistently profitable performance, there is every chance that the prop firms will increase capital. The prop firms also understand that there is no trader who will always be profitable, and that is not a requirement - what traders do need to show, however, is that they can hold on to accounts and remain in control of their emotions, not blowing up large accounts on a single bad day.

We always recommend staying with the prop firms as long as possible.

Sounds good.

However, let me ask hypothetically.

Let's say I get funded and rack up 25K of profits. Can I withdraw 25K profits and still be funded?

The impression I'm getting from all these various firms is that if you're funded what you're effectively getting is 4.5K USD to trade for as that's the drawdown. And that if you want to keep on trading you're always risking your own profits and never any firm capital. Maybe this changes further down the line?

If not, it seems to me that I could just as well rack up $5K in the LiveSim and withdraw 80% of that ($4K) and just deposit that into my own private account to trade for and keep 100% of the profits.

Alternatively, let's say I go directly with a Live account and trade that up to $20K, withdraw and fund my own account.

However, if the firm would allow me to withdraw capital and still trade size that would definitely be interesting. But it's not clear to me if that's a true possibillity and if it makes sense for the trader to stay with the firm long term.

Thank you.

Thanked by:
 
 travelbrit 
Nantwich Cheshire, UK
 
Experience: Intermediate
Platform: NT8, TView,MT4
Trading: Daytrade Futures, Swing Stocks, crypto and forex
Posts: 12 since May 2020
Thanks Given: 36
Thanks Received: 10


Howard Roark View Post
Sounds good.

However, let me ask hypothetically.

Let's say I get funded and rack up 25K of profits. Can I withdraw 25K profits and still be funded?

The impression I'm getting from all these various firms is that if you're funded what you're effectively getting is 4.5K USD to trade for as that's the drawdown. And that if you want to keep on trading you're always risking your own profits and never any firm capital. Maybe this changes further down the line?

If not, it seems to me that I could just as well rack up $5K in the LiveSim and withdraw 80% of that ($4K) and just deposit that into my own private account to trade for and keep 100% of the profits.

Alternatively, let's say I go directly with a Live account and trade that up to $20K, withdraw and fund my own account.

However, if the firm would allow me to withdraw capital and still trade size that would definitely be interesting. But it's not clear to me if that's a true possibillity and if it makes sense for the trader to stay with the firm long term.

Thank you.


I agree, most of the firms call it a funded account but in effect you are trading your own money. I hope some regulation will be put in place for this industry because at the moment it seems a bit of a wild west.

Follow me on Twitter
 
Howard Roark
Oslo Norway
 
Posts: 438 since Aug 2018
Thanks Given: 389
Thanks Received: 529


travelbrit View Post
I agree, most of the firms call it a funded account but in effect you are trading your own money. I hope some regulation will be put in place for this industry because at the moment it seems a bit of a wild west.

Yes.

However, to be fair, I understand the firms point of view and how they won't give a total stranger who just completed 15 days (!) of trading access to a big bankroll.

The curious part is if they will at some point, though? Let's say you continue trading profitably and rack up profits. Will they let you withdraw and continue trading?

I know that with many of the other companies that will never happen. Then again, some of them have you trading in simulator anyway.

 
 travelbrit 
Nantwich Cheshire, UK
 
Experience: Intermediate
Platform: NT8, TView,MT4
Trading: Daytrade Futures, Swing Stocks, crypto and forex
Posts: 12 since May 2020
Thanks Given: 36
Thanks Received: 10



Howard Roark View Post
Yes.

However, to be fair, I understand the firms point of view and how they won't give a total stranger who just completed 15 days (!) of trading access to a big bankroll.

The curious part is if they will at some point, though? Let's say you continue trading profitably and rack up profits. Will they let you withdraw and continue trading?

I know that with many of the other companies that will never happen. Then again, some of them have you trading in simulator anyway.

Yes I agree they should be looking at months of trading history, but then again I guess people would not sign up.

Follow me on Twitter
Thanked by:

 



Last Updated on March 4, 2024


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts