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If you trade Forex, Apiary is similar to Topstep as far as funding. I dont believe they have those kind of rules, and want a variety of traders with different time frames.
But I believe they are only Forex and I think you have to buy into their system. Then they do have training resources. You probably have to use their platform MT4. ( I was with them a couple years ago but needed to do shorter term day trading and forex seemed more profitable on slightly longer time frames)
T
I wonder if Big Mike Forum trader managed to get funding for this organization because I find it great as a project still necessary to you it do not be fake !!!
I saw several people in the forum to talk about the topic and present results when I want to know if these people were after financial success of the contest thank you
Trading futures takes +/- 10.000$ for a single contract, taking 1 or 2% risk (capital management)
the equipment to trade futures, (soft, hw, license, data-feed) is easily a couple thousands
and 100, 200$ more per month recurring
A person having only 10.000$ total funds, should most likely not be trading futures, but stick
to an asset class, that fits his profile
A person having more than 10.000$, but looking to over-leverage an amount, should be
protected from himself...
Any person being able to profitable trade on SIM for 6 months,
should switch to live with 1 contract,
go through the vibes and psychology, realize live trading is different from SIM
and if still alive,
you probably will not need a prop trading firm
a prop trading firm,
will push you through a formatting exercise (there are no miracles, discipline, etc..
but i think capital should not be the show stopper
prop trading funding should not be used to get around lousy trading...
it will not work, they have their security/risk controls in place
i read ounce a book (can't remember the title)
that defined, if you go to an ATM, take 5000$
go outside, and a tornado takes the 5000$ from your hand
and you say, that was a pity, you can think of trading futures
if you can not afford to loose 5000$, then don't trade futures
of course we will try to not loose the 5000$, but
be prepared for the worst, and you will survive
the rest is most likely conversation..
(sorry to be so articulated)
