For today’s blog post, I’ve decided I’m going to re-purpose something I just wrote up for our “sister site” at MakeTicks.com. Enjoy!

Anyone who’s been around trading any length of time – or has ever visited this site! – should be familiar with the “Trader Evaluation” industry. The TL;DR is that these companies give you a simulated account and let you trade it with some specific (and pretty strict) rules. If you can reach a profit target without breaking the rules, then they will give you a “funded” account that you can take a share in the profits from.

Sounds to good to be true? Well… it really isn’t provided you understand what the real business model is here. If you want to find out all about that, go check out the free courses on passing and “hacking” evaluations. The bottom line is that these companies actually provide a fantastic opportunity for the under-capitalized trader to both earn some actual profits, as well as build up their own trading capital that they can trade for themselves and keep 100% of. This business model isn’t a scam, but it also isn’t nearly as easy as it appears at first glance.

Unfortunately the statistics are not in favor of the trader ever receiving any money. The entire model counts on human behavior being constant (which it mostly is), and these traders breaking the rules and not having the discipline to trade a good edge consistently. It also feeds into addiction for many people who just keep coming back, as if it were one big casino.

Recently we’ve been hearing from quite a few people who have passed their evaluation phases and now have a “funded” account (and I put “funded” in quotes for a reason! Check out this article if you want to know why…). The trouble is, the statistics show that they will have lost these accounts within a matter of days, maybe weeks. We think that’s terrible, so we’ve decided to do what we can to help change this.

Register now to join us this Tuesday, January 31, at 12pm Eastern, for a special unique class on “Evaluations: How To Get To Withdrawal”. Jeff Mayem, Lee Harris, and members of TRG (some of whom have gotten withdrawals from these companies already) will be on hand to share every tip and technique they know on how to avoid being one of the statistics.

So if you’d like to be able to routinely extract real, hard cash out of the markets without having to use any of your own trading capital (or even have a trading account!), you definitely want to be on this class. It’s only $9.99 (or free for TRG members…) and could be the wisest investment you’ve ever made.

Don’t make the mistake of trying to “go it alone”, especially if this is your first time being funded. Whatever you did to pass the evaluation, probably won’t work once funded (and the companies are counting it!) This is your opportunity to learn what to do, and what not to do, in order to maximize your probability of profit. Join us!

Until next time, good trading!

Jonathan van Clute
Community Manager, Trading Research Group