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The Minimum?
£10,000 deposited in your trading account is the absolute
minimum to become an Institute Trader, although to do things
meaningfully we would suggest £25,000+
The Maximum?
There is no maximum amount.
For more details please read on;-
There are no Short-Cuts
A typical Spread Betting or Contracts for Difference Retail
Trader is always looking for short-cuts and a "Rule Book" to make
their "quick million" from trading. Unfortunately there are no
shortcuts and there is no "Rule Book." If there was we would all be
Billionaires and all be living in The Garden of Eden. One of the
worst mistakes you can make as a retail trader is to believe the
nonsense that you can open a trading account with a small amount of
money say £1,000, then trade your way to a multi million fortune by
leveraging 100X in FOREX and 10X in stocks. The fact of the matter
is that the vast majority of these people just lose all of their
original deposit and "Blow Up." There is no logic to their trading
and no research or thought process into why they are taking a
position. Most of these people are just following lines on a chart
that follows the price of the asset. That "science" is called
Technical Analysis and it isn't even a science at all. Most of it
is "Mumbo Jumbo" that is used by salesmen to make you believe that
you have the ability to trade. Most of the time they don't even
understand what they are presenting to you themselves.
A Proper and Professional approach is
Required
At the Institute we respect leverage and we educate our traders
properly so that they become "Proper" traders. Proper
(Professional) traders DO NOT trade in the way outlined above. For
this reason, we DO NOT accept people who believe that depositing a
small amount of money and leveraging massively is the way "Real,"
"Professional" or "Proper" traders actually trade. This is just a
"story" that has been "sold" to Retail Traders so you form an
unbreakable bad habit and keep topping up your trading account and
continually "Blow Up." If you are addicted to trading then you are
not a "proper trader" - Infact, you may have a gambling problem and
should try to address this issue by seeking professional advice.
Professional traders fully understand the numbers and respect the
risk parameters that are necessary to become consistently
succesful.
Minimum and Maximum Deposits
The minimum initial deposit for an Institute Trader is £10,000.
Most of our Traders deposit multiples of this. We do things
properly at the Institute and we DO NOT accept people who believe
opening trading accounts with small amounts of money and maxing out
their leverage capacity is what professional traders do and that
they should be taking this approach. If you want to take this
approach, we are happy for you to go somewhere else and lose your
money. However, if you want to take a PROPER approach and learn how
to trade correctly and make consistent long term returns, we will
be happy to teach you how to do this. The minimum deposit after you
have learnt how to do this and to open your trading account is
£10,000.
There is no maximum deposit. We have multiple traders with 6 and
7 figure sums deposited in their trading accounts. However, we
would advise that no matter what size of account you open, you
should not deposit 100% of your entire life savings into a trading
account. This applies not just at the Institute but anywhere and
for all amounts of money. To us, that is just totally
irresponsible. You don't know if you are any good at trading yet,
so why would you start off trading with everything you own? If you
are good then you can explore the possibility of adding to your
account once you have proven to yourself that you can make money
trading. If not, don't increase your risk.
What if I don't have the minimum £10,000?
You can still learn how to trade properly via the Institutes
Educational Trading Programme; however you will not qualify when
applying to open your account. If you think that's unfair, then
that's fine. Unfortunately, there is a barrier to entry when
trading properly with real money. The fact we have told you this
and we stop you from blowing up means we are responsible and have
protected you from losing your money by trading incorrectly, so
please don't hate us! Hate the people that try to make you believe
the opposite! These are the people that will end up making you
poor.
Track Record
Your Track record as a trader is extremely important. For
further details on this please go to the section on this website
entitled "Trading and Portfolio Management Education" or to be
redirected to this area please click HERE. You must
think seriously about your Track Record and how your account would
be viewed by an outside investor. If you want someone to invest 6
or 7 figures in you to trade with, and earn a performance fee from
this, then your track record has to display that you have the
ability to handle decent amounts of risk over long periods of
time.
The absolute minimum for becoming an Institute Trader is to
deposit £10,000 in your trading account. You can still be a
competent trader and display profitability, consistency and good
trading traits with this amount deposited. However the less you
deposit, the less likely you are to receive a significant
investment in you as a trader from an outside investor. Its pretty
obvious that if you trade with small levels of capital and
exposure, it is unlikely that someone will be willing to sponsor
you with large amounts of capital. You may be a really good trader
for the level of capital you have on account and the level of
exposure you take, however you have to be realistic. Outside
investors are not stupid. The same goes for Traders with large
amounts of capital. Just because you have a sizeable balance in
your trading account, doesn't mean you are a good trader. You must
display the same abilities as a trader that has a small trading
account balance who is good at trading, in order to be backed.
However, you would be more likely to receive sizeable amounts of
capital because you have displayed that you are a competent trader
over time, managing sizeable amounts of capital.
Click here to go to the NEXT PAGE -
"Contract for Difference (CFD) Trading"
CFDs are a leveraged product and can result in
losses that exceed your initial deposit. Trading CFDs may not be
suitable for everyone, so please ensure that you fully understand
the risks involved.