Suppose you stood in front of a gigantic lemonade stand. You realize that you can sell hundreds of glasses of lemonade because you have an outstanding ability to make people hungry and brew the perfect taste of a thirst-quenching drink. Nevertheless, you have only five dollars in your pocket. That amount of money cannot buy you an elaborate stand, hundreds of lemons, and other components.
This analogy is applicable to the field of trading. One can have all the required skills and qualifications for trading, but lacks sufficient "lemons", which means money or capital. To solve the problem of lack of "lemons", one may think of "What is Leverage in Trading?" This term can be compared to a power-up in a video game, as it enables controlling enormous sums of money by investing a little amount. In other words, trading leverage lets you apply the law of the lever to gain additional income.
The Secret Superpower: Leverage
Leverage is the tool to increase one's earnings, which is comparable to using a magnifying glass. In case you have one dollar and your leverage is 100:1, the market regards you as having 100 dollars, which may sound incredible. However, one should consider the risks associated with using a power-up as well.
Leverage is similar to the power of focusing the sunlight to start a fire using a magnifying glass. In case the trader goes in the opposite direction from the game's outcome, he or she will suffer enormous losses in a very short period. For this reason, a trader should be aware of the market's rules and dynamics.
Thus, professional players spend a lot of time practicing and training to develop skills required to use such superpower wisely. It means spending days studying chart trends and applying different strategies in a simulated environment until a trader can demonstrate his/her abilities.
What is a Prop Firm?
Let's imagine there is a community for traders, which welcomes the new members and helps them to grow into pros. If you manage to convince this community that you are a talented and wise person who can bring success to the business, you can use its money. You will also receive up to 90% of all the earnings!
The community mentioned above is called Proprietary Trading Firm, commonly abbreviated as Prop Firm. FundingPips is the company similar to the imaginary organization described earlier. We are not a bank, but we provide an investment and trading opportunity to talented individuals.
How the Challenge Works
It is impossible to join the community as a novice; otherwise, the company will lose millions. Thus, you will have to prove your qualifications in the course of the challenge.
Our program includes the following stages:
Entering an evaluation phase to be able to take part in a competition;
We provide you with a virtual account containing some virtual money. You will have to obey several rules:
Do not lose your money in one day;
Do not spend all the money;
Reach a specific target.
When you pass all the tests successfully, you will be qualified as a funded trader, and you will be granted access to trading with the firm's money. Up to 80 or even 90 percent of the profit will remain yours!
Why Does This Matter?
Nowadays, one can be a successful professional trader from any country. There is no need to go to some huge city and get a job at a terrifying investment bank anymore. One has only to open his or her laptop, log into an Internet browser and trade.
However, one will need an appropriate opportunity first. This is where we step in, giving thousands of users the chance to work hard and earn money in an enjoyable way. FundingPips believes that everyone is talented; however, people usually miss their opportunities because of various reasons. We provide our clients with a possibility to realize themselves.
Being a Trader at FundingPips
Trading with us is not merely working; we train people to become professionals. Let us illustrate the idea of being a trader at FundingPips through the example. Suppose you can play video games very effectively. What do you do if you have just three lives left?
A smart player would prefer waiting for the best moment and hiding before attacking the enemy in order to survive. It works for trading as well. We prepare you and make it possible to reach success. However, it is impossible to succeed accidentally; hence, one will have to practice hard to stay in the game for a long time.
Where to Find Opportunities?
One can search for numerous communities that enable traders to practice their skills in order to become successful professionals in this sphere. For instance, you can look for the Best Prop firm in UK. One of the most important things when choosing an organization is checking whether the rules are strict and clear and whether they help you.
The point of our community is celebrating each trader's success. As our success depends on your results, FundingPips always congratulates those users who earn much.