Proprietary Trading is the process of a firm giving a third party (prop trader) the ability to trade using its capital. This practice enables the firm to gain more from a profitable trade than just earning commission from processing client transactions. In addition, the trader receives a substantial profit split from managing to pull off a successful trade.
Prop trading typically focuses on stocks, forex, futures, commodities, or other financial assets.
Trading firms such as these are highly beneficial to people worldwide who seek to trade with minimal risk. Firstly, they only require a registration fee to start. Most prop Trading firms seek a certain level of expertise in the trader to ensure they can be successful trades. Once the firm evaluates the trader's skill level and trading style, once they pass, they'll get a live trading account and start trading and earning as they progress. This incentive is the best step of a trader's career, as it allows them to test themselves among the market's current elite as they scale up the ladder.
The Trading Pit is a perfect example, as it plays an influential role in the prop trading industry. Recently it secured $10 million as growth funding and has taken the prop trading industry by storm. The firm offers all types of traders the chance to showcase their skills by providing an evaluation plan (our challenges!). Once passed, they can proceed and become trading partners and scale upwards, gaining a substantial profit split every time they make a successful trade.
Learn more about our Futures and Forex Challenges!
TTP's scaling plans include more steps to allow its traders to have minimized milestones, reducing risk and enabling them to earn more frequently while rising upwards. An important note to consider when trading with TTP is that traders receive their payout immediately! No minimum or maximum trading days are applied. If traders who trade with TTP show significant results, they will receive larger live trading accounts every time they pass a step, with more potential to earn more.
Another benefit that The Trading Pit provides is that it makes traders better, which is TTP's primary goal. Therefore, the firm aims to make traders the best version of themselves. But it doesn't end there. For example, suppose a client manages to reach the top. In that case, they will complete their scaling journey with large profits and have the skills and requirements necessary to obtain an official asset management license and become a fund manager.
Here are the basic steps of how TTP works:
· Trader pays an initial fee for registration
· Trader goes through the initial evaluation phase
· Trader passes a challenge
· Trader receives a live account using the firm’s capital to journey through a scaling plan
· If successful, the trader receives a split of any realized gains and can proceed to the next level.
· Once a trader reaches the maximum level, they will have the requirements to gain an official asset management license.
While trading with TTP, traders will receive unprecedented support by accessing cutting-edge tools and trading education from trading veterans.
Prop Trading, in general, offers a good career option for traders since they can use the firm's capital and excellent tools to boost their success.
One of the most significant benefits of trading at a prop trading firm is that a trader can use any strategy, such as scalping, day trading, swing trading, or fundamental analysis; the possibilities are endless. While doing this, the trader can work at home as they can develop their trading career from anywhere. This additional flexibility enables traders to trade in their own time, wherever, making The Trading Pit an ideal place to establish a trading career.
Register now and kick-start your trading career!
