some people have funded accounts that
they trade a hundred thousand or two
hundred thousand dollars on some people
have their own personal accounts that
they trade twenty to fifty thousand
dollars and some people have little baby
accounts where they trade 50 20 100
so in this video i'm going to explain
why i personally do not trade funded
accounts and why it may be a good idea
for you and it may be a bad idea for you
[Music]
back to the channel everybody my name's
artie and this is the moving average a
show where we discuss everything day
trading to keep you profitable so i've
been reading through the comments
section and like a gajillion people are
asking why i don't trade a funded
account when i first started trading i
didn't know anything so i started
learning started gaining more knowledge
and then i found a couple of funded
account things i started to hear about
funded accounts and i went with this one
that i won in a giveaway actually and
they said it was a hundred thousand
dollar account with one to 100 leverage
so i signed up and everything and then
when i opened up mt4 it said my account
balance was ten thousand dollars
apparently part of their terms and
conditions was that part of the leverage
was available to multiply the account to
take it from 10 to 100 and then the rest
was used as actual leverage it was so
convoluted
i literally like i tried to trade it as
a hundred thousand dollar account and
blew it within five minutes i literally
didn't know anything at that point so it
was obvious that i was going to be a
failure at it and because like you when
i started i didn't have that much money
so my goal was to grow my little baby
account that 20 50 100 200
that process in itself is an absolutely
hilarious story so i'm going to tell you
because a lot of you guys have seen my
video on how to grow a small forex
account
and it's not easy i'm telling you i know
that it sounds easy because the
spreadsheet is just 30 trades and then
you're you take 20 to 52 000
when i tried doing that i failed
miserably i must have spent
before i actually got it rolling i put
20 bucks in i tried to trade it i blew
it i put 20 bucks in i tried to trade it
and i blew it and i did that 18 times
before i actually started to gain
traction through that whole process i
was like learning more and more about
fibonacci retracements and trend lines
and all of the things that i do to trade
now so as i started to win more trades i
think i got like three back-to-back wins
and i gained that confidence and i was
like hell yeah let's do this and so of
the 30 trade journey that it takes to
take 20 bucks to 52 000 bucks
that whole thing took me 80 trades 80
because when i got to like
level 11 to 15
it was such a massive amount of money
for me at that time that i started to
really hit the psychological barriers
that come into effect when you're
trading real money i would lose a
thousand dollars in one trade and my
guts would flip upside down so that's
when i started learning about trader
psychology and what to do and how to
cope with everything and start to trade
like a machine once i started to learn
about all of the obstacles and day
trading that's when i started to get a
little bit further two steps forward one
step back two steps forward one step
back until eventually i finished that
entire stupid chart and i got to 52 000
this process probably took me
seven months i wasn't trading every day
i was inconsistent i was looking at
different currency pairs like all of the
mistakes that you could possibly make
while trading i was making them
while going through this challenge but
through that process i had to force
myself to learn everything there is to
know about day trading and get better so
that i can pass this son of a [ __ ] when
i tell you doing that challenge is
stressful it's a massive understatement
but because of that i was able to take
20 bucks and turn it into 52 grand
minus all of the 18 losses beforehand
which was approximately 400 dollars in
20 increments that i lost but after i
completed it i had my baseline i had
enough money to trade and make good
money consistently so if you think about
that whole chart which you can see right
here if you sit somewhere in the middle
and you're making like 500 to a thousand
bucks a trade like you're good to go now
because the risk management on that
thing is essentially non-existent
started learning some more and then did
the one percent and two percent take
profit so now off a fifty thousand
dollar account one percent risk is gonna
be 500 bucks and a two percent take
profit is going to be a thousand bucks
so every time i have a successful trade
i win a thousand dollars and every time
i have a losing trade i lose 500. but
let's get back to the point of why i
don't trade funded accounts i don't
trade funded accounts because they
haven't been on my radar since i got a
bad taste in my mouth about them they
are currently on my radar and i do
promote them very much because it is a
way more intelligent way of trading
because if you think about
me spending that 500
on failing my growing my small forex
account it's the same price as a funded
account challenge an actual good one
i'll get into the good ones a little bit
later in this video so most people want
to get into day trading with a thousand
bucks right they put in a thousand
dollars in their mt4 account they start
trading they start losing they start
winning and then they eventually blow it
whereas you can get the funded account
for 500 and then use the other 500 on i
don't know bills or sneakers whatever
you want so the second time i tried
trading a funded account was while i had
this youtube channel i was like this
would be a cool video series i can
probably do this but because the youtube
channel was just growing and growing and
growing and all the comments and all of
the discord groups and all of the
everything that came along with it and
like mandatorily having to do videos
with different sponsors and everything
my schedule was so convoluted that i
tried to keep the same oh let's just do
this quick you know in a week and then i
can just
it's bad and so i failed the first one
failed the second one failed the third
one every time i tried to record a video
series about me passing a funded account
challenge it just didn't work either i
had too many projects on the table or i
was about to go on vacation and there
was this pressure of time and i was just
making mistake after mistake after
mistake so essentially with my life and
my time schedule and all of my projects
that i'm working on and the three
companies that i'm a part of like it's
it's difficult to adhere to the rules
the 10
profit the 10 trading days and actively
trading each month because some months i
don't even trade at all now i know
different funded account companies have
different rules and i could probably
find one that's perfectly suited to me
but i'm making enough money right now to
where i don't want added stress in my
life i have other obligations i have to
spend time with my daughter i have to
spend time with my wife that quality
time is extremely important because i
actually have to make time for that
versus what i actually want to do is
just build my business and make as much
money as humanly possible but finding
that balance is extremely important in
my life you also have less time for
vacations because i like to take four to
five two-week vacations every single
year so if i'm constantly thinking about
trading and i need to do this you know
challenge account it negates what the
vacation is for to make me turn off my
brain for two weeks straight and then
recharge my batteries maybe maybe
eventually when everything calms down in
everything that i'm doing and the
money is flowing in consistently then i
can start another video series where i
actually do this thing because it would
be very valuable on the channel to show
how it's done step by step but instead
what i'm going to do coming up in the
next few weeks
is actually i'm going to take a padawan
learner i'm going to give him strategic
rules and structure and everything on
how to pass this thing get him to pass
get him to do the verification phase i'm
going to pay for the funded account so
that i can use the process to make a
video for you guys to show how it's done
seeing is how i don't have the time nor
the patience to do it if you guys
remember in this video where i showed
you what trades i took for the entire
month
and in that month i only took
eight trades or seven trades i can't
even remember but it's in the video the
way that i trade is i get up in the
morning i open up the charts i see if
there's anything interesting if there's
not i piss off and i do my own thing i
record a video i edit that video i post
that video i engage on the discord group
and then i work on the seven other
projects that i have going on in my life
then i go home and ride bikes with my
daughter put her to bed eat dinner with
my wife and that's it my overall view on
funded accounts is they are [ __ ]
amazing for everybody except me low risk
high reward plus on ftmo they have a
free trial so for two weeks it's like
half the requirements of the actual
funded account so you can go and test
your strategy and do that free trial as
many times as you want until you 100
pass and then you'll have the confidence
to actually do the real one so like
ultimate training ground do it in real
life absolutely amazing anyway i hope i
was able to answer your guys's questions
on why i don't trade funded accounts i
hope that made sense i hope it made
sense to me so i don't know if you guys
enjoyed this video make sure you click
the like button and subscribe right here
and for those of you that want to see
why i'm in a change of scenery stick to
the end so i needed a mental break from
everything so i decided to go to my uh
my retreat in the mountains where it's
just nothing but green and beautiful
everything you can't see because there's
clouds but there's snow-capped peaks
over there and there's a lake
right there