Thanks for the info.
Hate to say it though: I’m not impressed with any of this.
My advice to you would be to watch out is all.
Here’s why I say this:
I can fully understand somebody with capital looking for traders that have PROVEN track records and giving them a slice to trade and then splitting the profits or something. But in this scenario: I cannot see how the trader would be CHARGED for the privilege. It would make absolutely no sense to me. Only other POSSIBLY understandable scenario to me is where the trader must put up a certain amount of their own capital and their losses if any are then limited to that amount.
In your case (and I can tell you this is what I would do if I were to go down that road i.e. easy money): I’d let you pay for the course, give you the course, and when done (assuming you “pass”) I’d say “well your score was not high enough and others scored higher than your so don’t call me I’ll call you” type of thing. And then to still pay for a “mentor”??? Why is the “mentor” just not trading the capital then??? Makes absolutely no sense I’m afraid. Not to me anyway. You say that maximum draw down is 4%, So they’re training a new trader with no experience or track record and saying “well if he loses 4% of capital that’s alright”. Nah. Would YOU do that??? With YOUR money???
Sorry. I really wanted more info. because this stuff has been suggested to me more than once. But nah. Personal opinion is that some very clever people have come up with yet another way to fleece people of their money and in such a way that they actually look forward to parting with it.
I do wish you (all) well with this. But I think I’ve seen and read and heard enough.
Tell you something else though:
If you get a job as a trainee at the like of Goldman Sachs for example: you’re not just let loose on an account after some initial training that is FOR sure. The training ain’t just one little course for four weeks and that’s that. Takes ages. And even THEN you’ll only be allowed in the same ROOM as the experienced traders and will have to sit and watch them for a good while. And even AFTER that you’ll be under supervision for a while. They certainly would not send you on your merry way to go play at home remotely while trading their money.
Nah. Sorry. This stinks to high heaven.