so you see these huge testimonials from
people
and they're making thousands of dollars
per trade
but the only way they're doing that is
having a huge account balance to trade
with because you have to keep in mind
the risk to reward ratio for each trade
all of these people with these huge
testimonials have a minimum
a hundred thousand dollar account but
you like me
and most other people on planet earth
don't have a hundred thousand dollars to
start trading with
so in this video i'm going to show you
how to take and 650 dollars
and turn it into a hundred thousand
dollar account
[Music]
welcome back to the channel everybody my
name is artie and this
is the moving average a show we discuss
everything day trading to keep you
profitable on a consistent basis
okay so if you've seen any of my videos
you know that i'm very close with
christy who is a
very professional and very high paid
trader
she actually uses a funded account
through a prop firm now don't worry if
you don't know what any of that means
i'm gonna explain it to you right now
basically a prop firm is looking for
talented traders
you prove your skill to them and then in
turn
they give you money to trade with you
get a nice split
of the profits of that trading account
for more aggressive ones it's 90
yours and 10 percent theirs and other
less aggressive ones it's 50 50.
now why is it important to trade with a
large account if you want to make the
larger profits
enough to have you have a sustainable
living and replace your day job
you need to trade with a larger account
because if you risk one percent on a
hundred dollar account
it's a very small profit margin but if
you risk one percent per trade on a
hundred thousand dollar account
looking for two percent that means that
every single trade
you're going to profit two thousand
dollars then with the commission split
you either split it in half
or the 90 10. now ninety percent of two
thousand dollars
sounds like a great chunk of change for
me
especially with such a small investment
now here is my warning
if you are not consistently profitable
if you are trading and you've been
trading for six months a month a year
whatever and you're not consistently
profitable please do not pay for a
funded account because you will fail
and it's basically throwing away money
even faster than you are now
if you are however consistent and
profitable on a demo account or on your
live account
please try this because with six hundred
and fifty dollars
you could get a hundred thousand dollar
account trade
normally with a one to one risk to
reward ratio or a one to two risk to
reward ratio
and be making a thousand dollars or two
thousand dollars
per trade ah so without further ado
let's get into
my computer i'm going to show you how to
do this step by step
this is my first time registering for an
account i've chose funding
talent because it is the one that
christy recommends it is the one that
she uses
i'm going to be doing an entire video
series of me trading this funded account
on this channel so make sure you're
subscribed to keep up with the videos to
see how i do
on this funded account but if you want
to sign up and do this
entire process with me side by side the
links are in the description below
alright so fundingtalent.com real people
real solutions real
success a quick word from their ceo and
how it works
step one sign up step two start trading
receive your login details within 24
hours and start trading right away
three get paid receive your first payout
as early as two weeks if trading a flex
account now i'm going to go through the
accounts a little
bit later in this video now there are a
lot of prop firms out there
offering these funded accounts and a lot
of them like 99
of them really really suck one of the
most popular is
ftmo but really if you dive deep into
the reviews on
ftmo and the challenge that they put you
through it's
absolutely bonkers how bad it is which
is why i'm going with funded talent
faster payouts you deserve your money in
your pocket dual model trading and
higher rewards
a little bit more information couple of
reviews from trust pilots 416 reviews
5 stars that's kind of nice and here's
where you get to choose your account
size so they have different price
categories you can get a 25 000
account 50 100 200 and three hundred
thousand dollar account
they have flex classic flex aggressive
and the challenge
just like ftmo has a challenge they too
have a challenge
basically you sign up for the challenge
they give you a demo account
you trade that demo account and they
have access to it to look at your
trading and see how profitable you are
and if you pass their challenge getting
a certain percentage increase within the
30 days
of the challenge then they give you the
funded account with real money in it so
i want a hundred thousand dollar account
i think that's going to be a great
middle ground it's not too low at 25k
and it's not absurd at 300k 100k account
risking 1
per trade which is a thousand dollars
and looking for your reward of two
percent per trade which is two thousand
dollars
is just fine for me so they have three
different categories the flex
classic which is 610 the flex aggressive
which is 650
and the challenge which is 610. again
the challenge you have to do a demo
go through their process before you
actually get to live
trade a funded account so with the flex
classic there is no evaluation or profit
targets
you get paid 10 of all your profits made
bi-weekly
building that money into an elite
account through your monthly funded
earnings
the monthly fee on this is 250 i'm not
gonna be doing the challenge i'm gonna
go
straight for the flex aggressive which
is access
elite account faster no rules on trading
style which is really nice because i
like scalping and a lot of these prop
firms don't allow scalping
twenty percent of profits are added to
the elite account bi-weekly
no cash talent bonus and ninety percent
profit split on
an elite account which is really nice
because i'd rather have ninety percent
of
the money that i'm making for the
company and them taking a ten percent
share
so clicky click the red sign up button
and
let's set up your account please fill
out the form below to create your member
profile and start
trading you're just gonna fill out this
entire form i'm gonna blur mine
out right now so that you guys can't see
my personal information
okay so while you're filling out the
form it's asking you to
select a broker i'm gonna go with hugo
away because that's
the one that christy recommended so
without any further research on the
other three
i'm just gonna click that one now at the
end of this sheet
it shows you you're ordering a hundred
thousand dollar account six hundred and
fifty dollars
taxes obviously included you can either
paypal
bitcoin or credit card i'm gonna go with
paypal because that's the easiest
because i don't wanna pay the
whole swap fees with bitcoin or other
cryptocurrencies
because when you withdraw from an
exchange that transaction fee it's just
gonna add up to more money
i'd rather have it straight take from my
paypal okay so once you go through the
paypal step it says welcome to your
account select one of the options below
to get started
so i'm actually really curious what this
education center looks like so i'm going
to click access education
welcome to your education center want
select one of the options below
there's only one option so access course
fast forex class
wow this is a three lesson forex course
this is i'm i'm going to do this later
today not on video but
i'm definitely going to check that out
so i'm going to click on account metrics
because i want to see what their
dashboard actually looks like
all right so basically i'm here in the
dashboard there's no information yet
because it said you had to wait 24 hours
until they set up your account for you
so basically i just got to wait till
tomorrow
and then i can start trading which is
great because tomorrow
i'm doing our weekly live stream which
is three hours
before london session open we do a live
stream for like two hours
doing analysis on all currencies
answering your guys's questions on
currencies that you guys are looking at
showing you how to set up your charts
and seeing what we should predict for
the upcoming week
okay so right now it's another day from
when i previously recorded that but i
wanted to share some additional
information
with you that i didn't put in the
previous day so when comparing
different funded account platforms the
most common i think in today's market is
going to be
ftmo everybody has been talking about it
and using it they've been advertising
like
crazy and on the funding talent website
you can actually compare
the different funded account options
there's funding talent which is the one
that i'm going to be going with
ftmo 5 percenters trader central
bluffix 1up and dtx4
you can click on every one of these and
see a side-by-side comparison
so the reason i didn't go with ftmo
or the challenge is because you first
need to go through their challenge and
hit their parameters
of gaining 10 in a month then once you
pass that challenge
you have to do an additional
verification month to verify
that your earnings during the first
month wasn't a fluke accident
so that's like two months of your time
completely like bye bye which is why i
won't be doing the challenge
i'm just going strictly with the funded
account so like i mentioned before there
are three different categories you can
choose from
the second and the third one is the only
one i'm going to cover in this video
because they're the most relevant so for
those of you interested in doing the
challenge model
these are the rules on the funding
talent website phase 1 of the challenge
is 30 days and phase 2 of the challenge
is 60 days in length there is no minimum
number
of days that you must trade in either
phase of the challenge so as long as you
hit the profit goals you're good to go
drawdown parameters are a maximum daily
drawdown of five percent
and overall maximum of 10 you can see
here
on the 25 000 account and the 100 000
account what these numbers actually are
here are your profit targets which is a
little bit less than ftmo which is nice
because it teaches you better risk
management because if you're trying to
get that high of a percentage
each month it's a little bit more than
the average person
so you're looking at eight percent on
phase one
and four percent on phase two the cool
thing about funded talent is that you
can use any trading style that you want
a lot of these companies don't want you
to use a scalping strategy so
essentially there are no rules on
trading styles you are allowed to trade
forex pairs indices metals and crypto
currencies
please do not trade anything outside of
this list if you do trade an instrument
outside of this list your account will
not be eligible to pass the challenge so
keep that in mind as for losses this is
a simulated account and you are not
responsible nor
is there a penalty for any losses
because it's a demo account and because
it's a demo account you get started with
a specific
100 000 or 25 000 amount
and you may not at any point update your
account balance this will not be
tolerated under any circumstances so you
can't cheat the system now when it comes
to using
bots on your funded account they
say that you shouldn't use them
especially if you're using a bot that is
like a copy trader off of someone else's
account
but it is okay if you use a bot created
on one's own strategy so it's not banned
but it's preferred that you don't if you
finish either phase of the challenge but
do not reach the profit target do not
experience a drawdown violation and
we're not
profitable then you will have a one-time
opportunity to switch to a flex account
at no cost that's really cool so after
successful completion of both phases of
the funding talent challenge
the sign up fee will be refunded upon
the first withdrawal that you receive
so whatever money you pay for this
funded challenge you'll get that money
back
now those are the rules for the funded
challenge
now i'm going to go into the flex
aggressive model number of trading days
you must enter at least
one trade per day for 10 days out of
each month so there are 20
trading days in a month you need to do
50 of them now with this one
on the demo account there's no maximum
drawdown amount
but once you reach the elite account
there is a 10
overall maximum drawdown limit this is
one of the main things that i like
about this account is that you don't
need to be consistent because
i have a very erratic schedule i don't
like to trade a lot and sometimes when i
do it's a very short trade with small
profits
and sometimes it's a trade that i hold
for several hours and this account
doesn't tell me that i need to have
consistent profits every single trading
day
so the consistency rule thumbs up in my
book now the flex
aggressive elite account offers a profit
split of 90 10 which i mentioned
earlier in my favor and all funded
talent elite accounts will be opened up
with black bull markets this is a highly
regulated and trusted broker again the
same rule
only forex pairs indices and metals and
cryptocurrencies
anything outside of that scope is not
allowed and when it comes to withdrawals
you must request the withdrawal of your
profits from your elite account before
the 1st and 15th of each calendar month
by midnight est if a request is not made
by this time you will need to wait for
the next available date
so basically the reason i picked the
flex aggressive is because i don't feel
the need to go through the challenge
i just want to build up capital to a big
fat funded account
and that's what i'm going to do on this
series so if you guys are interested in
doing a funded account
and you don't have the capital to have a
hundred thousand dollar account
you can do the challenge mode it takes
two phases
you can also go straight for the flex
aggressive but please
please please do not do this unless
you've already proven to yourself that
you are profitable on a demo account
this is a waste of money for you if
you're just going to try to be
profitable using
more money it doesn't work that way you
need to be consistent in your rules and
your trading
before you even start something like
this so if you guys have any more
questions please put them in the discord
group i will be making a separate
channel
just for questions on funded accounts
me and christy will be in there
answering people's questions
she's more knowledgeable than i am
because she's been doing this for quite
a long time
and if you guys want to see what
strategy i'm going to be using
while trading this account check out
this video right here
and if you like the way that i teach and
you got some value out of this video
make sure you subscribe to the channel
by clicking this button right here
thanks so much for watching and we'll
see you in the next one