Trading at home, being your own boss, having real financial freedom. That’s why most people get involved with forex.
The average trader has less than $5,000 in his account. You’re thinking that you need to make well above 100% annual returns for YEARS before trading could possibly provide an income to live off of.
How are you going to make it big?
You are setting the bar WAY too high. You don’t need to shoot for returns of a million bajillion percent per year to make a lot of money. Most institutional investors would kill for 20% a year.
How can I amplify my 20% annual returns?
Let’s do some simple math. You make 20% per year on your $5,000 trading account. That’s a profit of $1,000.
But, I said you could make a 140% return on your trading account. If you have an account with $5,000 in it, that’s a total profit of $7,000. You start the year with $5,000. You finish the year with $12,000.
So far, I’ve only calculated the first $1,000 of profit. Where’s the remaining $6,000? Where is that coming from?
You trade other people’s money to increase your own profit.
Say that you’re like Amir Samih from Egypt and that you received an allocation of $120,000. You earn 20% annually on the allocation, of which you get to keep 25%.
$120,000 * 20% annual return = $24,000 annually
You get to keep 25% of $24,000, which is $6,000.
You make $1,000 trading your own money. You make $6,000 trading the allocation.
Voila – you make $7,000 a year in profit with only $5,000 in your account. $5,000 becomes $12,000 in only one year. A 20% annual return magnifies 7x by having investors.
How am I going to get an investor?
Not the way you’re thinking. Trading money for other people is a highly regulated industry. In the United States, for example, you have to register with the NFA. In Europe, you have to follow MiFID II regulations. All of this requres a serious time commitment to find people willing to invest in your trading skills.
Even worse, you would have to raise at least $10 million dollars to offset your regulatory costs. That’s totally out of reach for most people.
You don’t need to shoot for returns of a million bajillion percent per year to make a lot of money.
The best way for you, the stay at home trader, to raise money is by signing up for free with TopTradr. TopTradr is a specialized proprietary trading firm that discovers hidden talent and backs that talent with its own money.
It’s a pure meritocracy. You don’t need to do any sales or marketing. You don’t need to meet any education or experience requirements. You’ll never be asked for a CV.
Trade well, make a profit and you’ll earn points on Top Tradr. The more points you earn and the longer your track record, the more money you’ll be able to receive and apply towards trading.
How are points awarded?
The exact formula is not publicly shared to avoid traders trying to game the system. That said, the allocation rules are very straight forward. You need to be profitable. You need to be consistent.
Here are some specifics on how to maximize your chances of winning an allocation.
- You need to be positive on the period to have a score above 100.
- For each trade you get points based on the % returns of the trade and the risk / reward of that trade. If the drawdown is 10pts and you get 100pts out of the trade, you get a lot of points. If you get 100pts but have 500pts of drawdown, the trade will score much lower.
- The sum of your points is then factored by the consistency of your daily equity growth. If you are up one day 10% then down 20% then up 30% and are not consistent, this factor will be low. If you do 2% every month, then this factor will be sky high.
Does this cost money?
No. The program is 100% free to participate. In order for TopTradr to find talented traders, the service must always remain open to the general public free of charge.
How do I participate?
Sign up using the form below. You will create a TopTradr profile and receive instructions for how to hook your live forex trading account up to TopTradr. Everything after that is completely automatic. TopTradr watches your live trading and assigns you points. When you earn enough points, you receive automatic allocations every 2 weeks. When you earn a profit, you receive 25% of the total profit once per quarter.
Are you ready to magnify your returns by trading TopTradr’s money? Click here to get started.
“If you do 2% everyday, then this factor will be high”.
Anyone who makes 2% everyday doesn’t need to trade other people’s money as they will be making the million bajillion annual returns you previously mentioned to be unrealistic. If someone actually performed at 2% daily their compounded annual return would be 16,783% and they only need start with $6k to have a million dollars by the end of one year of trading.
“Most institutional investors would kill for 20% a year.” That’s right. And 20% a year equates to about .0704% per day on compounded basis.
I wonder if TopTradr’s performance algos take this into consideration and shy away at those making 1-2% a day (for a while) while more heavily weighting those with more realistic returns. The fact that they have monthly contests and all of this is being shopped to retail traders—the vast majority of whom aren’t making money—is a bit suspicious as in this is all about someone getting cuts of commissions/spread for trading.
I really didn’t intend to tee you up for a rant. This comment is at the bottom of the article and is clearly superlative. The point is to emphasize the desire for consistency over absolute returns.
I’ll modify the article to read “2% monthly” for the sake of consistency.
Yes, the allocation algorithm favors safe over absolute returns. The hidden talent that Top Tradr uncovers are hidden among retail traders. That’s TT’s audience and that’s where it’s uniquely able to discover talent.
Are 95%+ going to wash out? Yes. Francois himself said that in his TipTV interview. If you’ve got what it takes, TT really does allocate its money to talented traders. And, more than one really has gone on to a career in trading. The best example is a young man that graduated from a Top Tradr allocation to a position on Citi’s FX desk in London. If you want a shot at being a pro, this is the easiest way to get discovered. And, it’s free. It’s good for talented traders and it’s good for Top Tradr. How is that possibly unfair or suspicious?
Are you advertising for TopTrader, is there something here for you? Are you using them for your trading? How reputable is this firm? I noticed they are out of Europe. These are my questions to you.
Thanks
Hi Joe,
Great questions. Yes, I am an affiliate for Top Tradr. I personally endorse their services based on my personal friendship with Francois Nembrini, a director of the company. We worked together at FXCM over a decade ago. I recently met up with him in London and was very excited to learn about what Top Tradr does for my readers. As you correctly noted, Top Tradr is based out of the UK.
US traders are not currently eligible, which rules me out. When Top Tradr strikes a deal with a US broker, I’ll be one of the first to participate.
Which broker do you use with Top Tradr? I don’t see any reputable brokers that accept US clients.
Hi Kenley,
Top Tradr is not currently available to US traders.
–Shaun
Hi Shaun,
Are you sure about this? I suspect that this toptradr website is only made to make people open an account at their two brokers. It is only possible to participate when you open an account at the two brokers. I doubt that they really let some users trade with 100’000 $ of other people
Hi Eddi,
Yes, I’m 100% sure that Top Tradr is real. I’ve known Francois for more than a decade when we worked together at FXCM. He’s a leading figure in the forex industry. If you Google his name, you’ll find plenty of information about him and his reputation. To make that easier, click here to see a Google search of Francois.
But more importantly, I’ve known Francois for a very long time. I don’t casually endorse services or brokers. I only do it for people that I know and trust.
Hi Shaun
Is it possible to trade in toptrader with a demo account?