Economy
Should You Start with a Funded Trading Program?
If you’ve been exploring the world of trading—whether you’re just starting out or already have experience—you’ve probably come across the concept of funded trading programs. These programs are becoming increasingly popular, and for good reason. They offer traders a chance to prove their skills and trade with someone else’s capital, rather than risking their own money. But is it the right path for you? Let’s dive into why funded trading programs might be the smartest move for your trading journey.
What Is a Funded Trading Program?
A funded trading program is a type of partnership between a trader and a proprietary trading firm. The trader usually goes through an evaluation phase to prove their skills and discipline. Once they pass, they receive a funded trading account with a set amount of capital provided by the firm. The trader then earns a share of the profits they make, while the firm handles the losses.
Why Beginners Should Consider Funded Trading
One of the biggest hurdles for new traders is risk. When you’re still learning the ropes, it’s easy to blow through your personal savings trying to figure out what works. Funded programs allow beginners to develop and test their trading strategies with significantly less financial risk. Here are a few key benefits:
1. Learn Without Risking Your Own Capital
Most funded programs require you to pay a small fee to take an evaluation, but after that, you’re trading with the firm’s money. This can take a lot of the emotional stress out of trading and help beginners stay more focused and disciplined.
2. Structured Environment
Funded programs often have rules in place for things like drawdowns, daily losses, and risk management. For beginners, this structure is incredibly helpful in developing good habits from the start.
3. Faster Learning Curve
With real-time market exposure and feedback, new traders can learn more quickly. Instead of being stuck in demo accounts or risking too much too soon, they get a guided experience with real consequences and real rewards.
Why Experienced Traders Can Benefit Too
Even seasoned traders often face the challenge of limited capital. Funded programs offer an attractive way to scale their strategies without having to put more of their own money on the line. Here’s how:
1. Access to Larger Capital
Many traders have a winning system, but not enough capital to see meaningful returns. Funded programs can provide accounts ranging from $25,000 to $200,000 or more, giving traders the power to earn bigger profits.
2. No Need to Risk Personal Funds
Risk is always present in trading, but with a funded account, experienced traders can focus on execution without worrying about personal losses. This freedom can improve decision-making and reduce emotional trading.
3. Earn a Professional Income
With profit splits often ranging from 70% to 90%, consistent traders can earn a significant income. Many funded traders eventually turn it into a full-time career.
Things to Look for in a Funded Program
Before jumping into a funded trading program, it’s important to choose the right one. Look for:
- Transparent Rules: Make sure the program clearly outlines its rules, fees, and profit split.
- Reasonable Challenge Conditions: Some firms have evaluation phases that are too difficult or unrealistic. Find one that balances challenge with opportunity.
- Good Customer Support: A responsive support team is crucial when you need answers quickly.
- Fast Payouts: Check reviews or testimonials about how fast and consistently they pay traders.
Why TenTrade Is a Great Place to Start
If you’re looking for a trustworthy and beginner-friendly funded trading program, TenTrade is a fantastic choice. Their platform is easy to use, and their challenge structure is fair and accessible. TenTrade also offers fast payouts and excellent support, making them a favorite among new and seasoned traders alike.
Common Myths About Funded Trading
Let’s bust a few myths that might be holding you back:
- “Only pros can pass the challenge.” Not true. Many beginners have passed on their first or second try. If you have discipline and follow the rules, you’ve got a solid shot.
- “They never pay out.” Reputable programs like TenTrade have a long track record of timely and fair payouts.
- “It’s just a scam to collect fees.” While there are bad actors in any industry, funded trading as a whole is a legitimate and fast-growing field. Do your research and choose a trusted provider.
Final Thoughts
Funded trading programs offer a rare opportunity: trade with someone else’s money, keep most of the profits, and limit your personal risk. Whether you’re just getting started or looking to scale up, they can be a game-changer. With the right mindset, discipline, and a good platform like TenTrade, you can take your trading skills to the next level without taking on the financial stress that usually comes with it.
So, should you get started with funded trading? If you’re serious about becoming a better trader and want to accelerate your progress, the answer is a definite yes.
By Dipo Olowookere
The Nigerian Exchange (NGX) Limited witnessed Santa Claus rally on Wednesday after it closed higher by 0.12 per cent.
Strong demand for Nigerian stocks lifted the All-Share Index (ASI) by 185.70 points during the pre-Christmas trading session to 153,539.83 points from 153,354.13 points.
In the same vein, the market capitalisation expanded at midweek by N118 billion to N97.890 trillion from the preceding day’s N97.772 trillion.
Investor sentiment on Customs Street remained bullish after closing with 36 appreciating equities and 22 depreciating equities, indicating a positive market breadth index.
Guinness Nigeria chalked up 9.98 per cent to trade at N318.60, Austin Laz improved by 9.97 per cent to N3.20, International Breweries expanded by 9.85 per cent to N14.50, Transcorp Hotels rose by 9.83 per cent to N170.90, and Aluminium Extrusion grew by 9.73 per cent to N16.35.
On the flip side, Legend Internet lost 9.26 per cent to close at N4.90, AXA Mansard shrank by 7.14 per cent to N13.00, Jaiz Bank declined by 5.45 per cent to N4.51, MTN Nigeria weakened by 5.21 per cent to N504.00, and NEM Insurance crashed by 4.74 per cent to N24.10.
Yesterday, a total of 1.8 billion shares valued at N30.1 billion exchanged hands in 19,372 deals versus the 677.4 billion shares worth N20.8 billion traded in 27,589 deals in the previous session, implying a slump in the number of deals by 29.78 per cent, and a surge in the trading volume and value by 165.72 per cent and 44.71 per cent apiece.
Abbey Mortgage Bank was the most active equity for the day after it sold 1.1 billion units worth N7.1 billion, Sterling Holdings traded 127.1 million units valued at N895.9 million, Custodian Investment exchanged 115.0 million units for N4.5 billion, First Holdco transacted 40.9 million units valued at N2.2 billion, and Access Holdings traded 38.2 million units worth N783.3 million.
By Adedapo Adesanya
Nigerian food and beverage company, Rite Foods Limited, has extended warm Yuletide greetings to Nigerians as families and communities worldwide come together to celebrate the Christmas season and usher in a new year filled with hope and renewed possibilities.
In a statement, Rite Foods encouraged consumers to savour these special occasions with its wide range of quality brands, including the 13 variants of Bigi Carbonated Soft Drinks, premium Bigi Table Water, Sosa Fruit Drink in its refreshing flavours, the Fearless Energy Drink, and its tasty sausage rolls — all produced in a world-class facility with modern technology and global best practices.
Speaking on the season, the Managing Director of Rite Foods Limited, Mr Seleem Adegunwa, said the company remains deeply committed to enriching the lives of consumers beyond refreshment. According to him, the Yuletide period underscores the values of generosity, unity, and gratitude, which resonate strongly with the company’s philosophy.
“Christmas is a season that reminds us of the importance of giving, togetherness, and gratitude. At Rite Foods, we are thankful for the continued trust of Nigerians in our brands. This season strengthens our resolve to consistently deliver quality products that bring joy to everyday moments while contributing positively to society,” Mr Adegunwa stated.
He noted that the company’s steady progress in brand acceptance, operational excellence, and responsible business practices reflects a culture of continuous improvement, innovation, and responsiveness to consumer needs. These efforts, he said, have further strengthened Rite Foods’ position as a proudly Nigerian brand with growing relevance and impact across the country.
Mr Adegunwa reaffirmed that Rite Foods will continue to invest in research and development, efficient production processes, and initiatives that support communities, while maintaining quality standards across its product portfolio.
“As the year comes to a close, Rite Foods Limited wishes Nigerians a joyful Christmas celebration and a prosperous New Year filled with peace, progress, and shared success.”
By Adedapo Adesanya
The Naira closed the pre-Christmas trading day positive after it gained N6.61 or 0.46 per cent against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Wednesday, December 24, trading at N1,443.38/$1 compared with the previous day’s N1,449.99/$1.
Equally, the Naira appreciated against the Pound Sterling in the same market segment by N1.30 to close at N1,949.57/£1 versus Tuesday’s closing price of N1,956.03/£1 and gained N2.94 on the Euro to finish at N1,701.31/€1 compared with the preceding day’s N1,707.65/€1.
At the parallel market, the local currency maintained stability against the greenback yesterday at N1,485/$1 and also traded flat at the GTBank forex counter at N1,465/$1.
Further support came as the Central Bank of Nigeria (CBN) funded international payments with additional $150 million sales to banks and authorised dealers at the official window.
This helped eased pressure on the local currency, reflecting a steep increase in imports. Market participants saw a sequence of exchange rate swings amidst limited FX inflows.
Last week, the apex bank led the pack in terms of FX supply into the market as total inflows fell by about 50 per cent week on week from $1.46 billion in the previous week.
Foreign portfolio investors’ inflows ranked behind exporters and the CBN supply, but there was support from non-bank corporate Dollar volume.
As for the cryptocurrency market, it witnessed a slight recovery as tokens struggled to attract either risk-on enthusiasm or defensive flows.
The inertia follows a sharp reversal earlier in the quarter. A heavy selloff in October pulled Bitcoin and other coins down from record levels, leaving BTC roughly down by 30 per cent since that period and on track for its weakest quarterly performance since the second quarter of 2022. But on Wednesday, its value went up by 0.9 per cent to $87,727.35.
Further, Ripple (XRP) appreciated by 1.7 per cent to $1.87, Cardano (ADA) expanded by 1.2 per cent to $0.3602, Dogecoin (DOGE) grew by 1.1 per cent to $0.1282, Litecoin (LTC) also increased by 1.1 per cent to $76.57, Solana (SOL) soared by 1.0 per cent to $122.31, Binance Coin (BNB) rose by 0.6 per cent to $842.37, and Ethereum (ETH) added 0.3 per cent to finish at $2,938.83, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) remained unchanged at $1.00 each.
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