ilmscore | Prediction Details
"The third method, which is the safest and easiest, is funded accounts. Funded accounts have a very simple principle. Let's explain with an example. Funded accounts are basically you're trading with someone else's money and making money and giving it to them, and you're keeping a percentage of it. Okay, so let's assume that there are 10 people in the US who have invested money in a firm called XY. They told us that after making a small profit, what will the company do? The company wo n't do the hard work itself. The company will find different good traders and give them small amounts of that money. And those people will invest in that money. They will make a profit and give it to you. Okay, traders are traders, and those traders will be us and you. Basically, what will happen is that the company will give you money to trade, and those traders are trading with that money, and you and I become traders. We are called funded traders who will trade with their money. But there's a catch: they wo n't give you that money directly because you have to prove yourself as a good trader. So, how will you do that? The company conducts an exam. Only when you clear that exam will you get a funded account."
By Trade with Purab | October 5, 2024 | Pending
From video
How to Trade Forex - LEGALLY | Trade with Purab @acetradingofficial 00:09:27 - 00:10:41
Interpreted Prediction
Funded accounts offer a legal and relatively safe way to trade Forex in India. This involves trading with money provided by a firm, where traders are essentially employees who make profits and receive a percentage, while the firm retains the rest. To obtain a funded account, traders must pass an exam.

Prediction Details

Topic
Funded Accounts for Forex Trading

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