Diksia.com - If you are interested in trading futures, but you don’t have enough capital or you don’t want to risk your own money, you might want to consider joining a funded trader program. A funded trader program is a service that provides you with a trading account funded by a third-party company, and pays you a percentage of your profits every month. In exchange, you have to follow some rules and pass an evaluation process that tests your trading skills and discipline.
One of the companies that offer a funded trader program is Apex Trader Funding. Apex Trader Funding is a prop trading firm established in Austin, Texas by Darrell Martin in 2021. It grants futures traders access to funded trading accounts upon passing a trading evaluation called Evaluation Accounts. In this article, we will explain how to join Apex Trader Funding, what are the benefits and requirements of their program, and what are some tips and tricks to succeed as a funded trader.
What is Apex Trader Funding?
Apex Trader Funding is a company that provides capital and support for futures traders who want to trade with real money without risking their own capital. Apex Trader Funding offers a funded trading program that allows traders to get funded by passing an evaluation process that tests their skills and discipline. The evaluation process consists of one step, where traders have to trade with a simulated account and reach a profit goal within a certain number of trading days, without violating any risk management rules. Once traders pass the evaluation, they get access to a funded account with the same starting capital, contract size, and profit goal as the evaluation account. Traders can then trade with the funded account and receive 100% of the first $25,000 per account and 90% beyond that, paid twice a month.
Apex Trader Funding has several advantages over other funded trader programs, such as:
- No daily drawdowns: Traders don’t have to worry about losing more than a certain amount per day, as long as they don’t exceed the maximum drawdown of the account.
- No scaling or failing by going over contract size: Traders can trade up to the maximum number of contracts allowed by the account, without being penalized or disqualified for trading more.
- No restrictions on holidays or news: Traders can trade on holidays and during news events, as long as they close their trades and cancel their pending orders before 4:59 PM ET.
- Trade full-sized contracts in evaluations or funded accounts: Traders can trade with the same contract size in both the evaluation and the funded accounts, without having to trade with micro contracts first.
- One-step evaluation process: Traders only have to pass one evaluation to get funded, without having to go through multiple phases or levels.
- Real-time data included: Traders get access to real-time data from Rithmic, NinjaTrader, Tradovate, or TradingView platforms, without having to pay extra fees.
- Trade with multiple accounts: Traders can trade with up to 20 accounts at the same time, as long as they meet the requirements for each account.
How to Join Apex Trader Funding?
To join Apex Trader Funding, you have to follow these steps:
Choose your plan
Apex Trader Funding offers eight plans, ranging from $25,000 to $500,000 in starting capital, and from 4 to 40 contracts in maximum position size. The plans also vary in the profit goal, the trailing threshold, and the monthly fee. You can choose the plan that suits your trading style, budget, and goals. You can also switch plans at any time, as long as you pay the difference in the monthly fee.
Sign up and pay the fee
Once you choose your plan, you have to sign up on their website and pay the monthly fee. The fee covers the access to the evaluation account, the funded account, the trading platform, and the real-time data. You can pay the fee with PayPal, credit card, or debit card. You can also cancel your subscription at any time, without any penalty or obligation.
Start trading and pass the evaluation
After you sign up and pay the fee, you will receive an email with the login details for your evaluation account. You can then start trading with the evaluation account and try to reach the profit goal within the specified number of trading days. You have to follow the risk management rules, such as not exceeding the maximum drawdown, not holding positions overnight, and not trading outside the allowed hours. You can monitor your performance and progress on the rtrader software provided by Apex Trader Funding. If you hit your profit goal before you hit your max drawdown, you pass the evaluation and get funded.
Trade with the funded account and get paid
Once you pass the evaluation, you will receive another email with the login details for your funded account. You can then trade with the funded account and receive 100% of the first $25,000 per account and 90% beyond that, paid twice a month. You have to follow the same rules and conditions as the evaluation account, except for the profit goal, which is reset every month. You can withdraw your profits at any time, as long as you have a minimum balance of $500 in your account.
Tips and Tricks to Succeed as a Funded Trader
Trading with a funded account can be a great opportunity to make money from trading futures, without risking your own capital. However, it also comes with some challenges and responsibilities, such as following the rules, managing your emotions, and maintaining your performance. Here are some tips and tricks to help you succeed as a funded trader with Apex Trader Funding:
Choose a plan that matches your trading style
Before you join Apex Trader Funding, you should assess your trading style, skills, and goals, and choose a plan that matches them. For example, if you are a scalper who likes to trade with high leverage and frequency, you might want to choose a plan with a higher contract size and a lower profit goal. On the other hand, if you are a swing trader who likes to trade with low leverage and longer time frames, you might want to choose a plan with a lower contract size and a higher profit goal. You should also consider your budget and how much you can afford to pay for the monthly fee.
Follow the rules and respect the risk management
One of the most important aspects of trading with a funded account is to follow the rules and respect the risk management. You should always be aware of the maximum drawdown, the trailing threshold, the trading hours, and the contract size of your account, and never violate them. You should also use stop losses, position sizing, and risk-reward ratios to protect your capital and limit your losses. Remember that if you break the rules or hit your max drawdown, you will lose your funded account and have to start over.
Trade with a proven strategy and system
Another key factor to succeed as a funded trader is to trade with a proven strategy and system. You should have a clear and consistent trading plan that defines your entry, exit, and management criteria, as well as your risk parameters and performance metrics. You should also backtest and forward test your strategy and system, and make sure that they are profitable and robust in different market conditions. You should avoid changing your strategy or system during the evaluation or the funded account, unless you have a valid reason and evidence to do so.
Manage your emotions and psychology
Trading with a funded account can be stressful and challenging, especially when you are under pressure to reach the profit goal or avoid the max drawdown. You might experience emotions such as fear, greed, frustration, or overconfidence, that can affect your trading decisions and performance. You should learn how to manage your emotions and psychology, and develop a positive and disciplined mindset. You should also practice self-care, such as getting enough sleep, exercise, and relaxation, and avoid trading when you are tired, sick, or distracted.
Keep learning and improving
Trading is a continuous learning process, and you should always strive to improve your skills and knowledge. You should review your trades and performance regularly, and identify your strengths and weaknesses. You should also seek feedback and guidance from other traders, mentors, or coaches, and learn from their experiences and insights. You should also keep up with the latest news, trends, and developments in the futures market, and adapt your strategy and system accordingly.
