I was looking at the idea of joining a Prop Firm, but thinking I’m better off going it alone. Here are a couple of things I ran into.
Company A: Minimum Position Size is 100K. No overnight holds
Company B. Didn’t have any of the above restrictions. They were more flexible.
The Capital Contribution goes towards your losses, which seems to be typical. But wouldn’t you risk burning through this? And if you do then you have to contribute more and if you do exceed your contribution amount you’ll be asked to pay the overage.
Monthly cost to use trading software should also be taken into account. Which means your trading earnings need to exceed your monthly costs out of the gate.
It would seem you’re better off growing your own account. The minimum recommendation to trade forex is $2,000? I’m wondering, is this a big uphill battle to grow an account that size? or isn’t a Prop Firm a bad idea after all?