Support Board
Date/Time: Sat, 23 Nov 2024 08:54:37 +0000
Post From: Feedback Requested: Trading Evaluators (Top Step Trader etc.)
| [2020-01-25 11:00:08] |
| binaryduke - Posts: 369 |
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If an organisation's business model can be profitable based upon selecting/recruiting profitable traders for a split of their trading profits, then this approach works. It requires profitable traders that either do not have the funds to open/trade their own account, or they feel more comfortable trading other people's money in exchange for a split, or their strategy requires account capacity that they do not have. If the organisation's model requires combine/evaluation fees in order to be profitable, then what's written above is of no value to/interest for a trading evaluation organisation. What you write and the mechanism is super clear. One can open a live account (to be non-pro) for $100 deposit. One can subscribe to live data from SC for c.$25/month plus exchange fees (so c. $50/month). Trading results can be published on the Sierra Chart leaderboard. The question is whether anyone would fund a trader who is doing this vs the current 'walled garden' approach that generates profit through assessment for trading evaluation businesses. I'm interested to see who, if any, are the first organisation to step forward and say 'we are interested in recruiting from traders that can demonstrate their results against our template'. |