"I get +30% per month from trading."
"I made $1,000 in a day."
"I earn $3,000 per week on Forex."
Surely you have come across materials with such titles more than once on the internet. While it is true that trading can be profitable, it is crucial to ask one important question that can change the perspective on the success stories brokers paint:
What size trading account was used?
Consider this: if a trader achieves a monthly return of +30% with a $1,000 balance, the actual profit amounts to only $300. This figure highlights the hours of trading, education, and analysis involved. Is it truly worth the effort?
Similarly, +$1,000 in a day can be attainable if the trader's initial balance is around $100,000. A 1% profit becomes a realistic figure under such circumstances.
Does this mean that you can’t make money if you don’t have money?
Fortunately, with the assistance of proprietary trading companies like SabioTrade, it is indeed possible to thrive.
Understanding Proprietary Trading
Proprietary trading involves trading with a broker's money. In this unique system, companies invite talented traders and provide them with substantial trading accounts. It is important not to confuse this with leverage, where traders borrow money from brokers to increase their deposit. In prop trading, traders enter into an agreement with the company, which provides them with capital to trade in exchange for a percentage of the profits.
In this arrangement, traders don't get into debt and essentially work as freelance traders, earning from a large trading capital while helping the company generate profits.
Prop Trading with SabioTrade vs. Growing Your Balance
Imagine you are a farmer who has worked for an agricultural company for a while. Now, you aspire to start your own farm but have limited funds that only allow for a small, barren piece of land.
Suddenly, your uncle, a large landowner, contacts you and offers to let you use his expansive 100-acre plot of land with all the necessary equipment, for the same amount of money. The only condition is that you share a percentage of the profits as long as you utilize the site.
This analogy perfectly captures the difference between proprietary trading and growing your own balance. Will you choose to spend years cultivating a small piece of land, gradually expanding, or opt to start profiting from your business almost immediately while sharing the income with your uncle?
Compare the Proprietary and Retail Trading Scenarios
Prop trading with SabioTrade | Retail trading | |
Money | Firm money (from $10,000 to $100,000) | Your own money |
Time | Immediate start after assessment | Several months to several years |
Profit | 80% for you, 20% for the company | You keep 100% of the profit to yourself |
Risks | All risks are covered by the company | All risks are on you |
How to Become a Prop Trader at SabioTrade
SabioTrade welcomes everyone to trade on their funded accounts. You do not need a proven track record of successful deals. The key is to pass the assessment, demonstrate your trading skills, and fulfill the monthly requirements.
Here's how you can get started:
Choose a plan
SabioTrade offers a range of packages, allowing you to buy a professional-level account for only 0.5% of its monetary value. For example, the basic package costs $50 for a $10,000 account. If you are not ready for real prop trading yet, SabioTrade also offers a free trial option.
Click on "Get Funded": Fill out a short registration form, select a payment method, and proceed to checkout. After completing the payment, you will receive an email with your demo account credentials and login instructions.
Pass the assessment
At the next step, you need to prove your trading skills by trading on the demo account and reaching the profit target without violating the hard breach rules. Note that you cannot deposit or withdraw funds from your demo account. If you run out of funds, you can purchase a new package and try again.
To enhance your trading skills and increase the chances of a successful assessment, take advantage of SabioTrade's free training courses.
Get your funded account and trade
Upon successfully passing the assessment, you will be granted a live funded account. Start trading with real money provided by SabioTrade and withdraw up to 80% of your profits every month. Remember that your real account balance is limited to the amount specified in your chosen package and cannot be refilled.
If the assessment does not go as planned, do not be discouraged. Utilize SabioTrade's free training courses to improve your trading skills, continue practicing on the demo account, and attempt the evaluation again as many times as you wish.
Test your trading skills on Sabiotrade now!
