How to become a day trader with $100

Yes, it is possible to become a day trader for less than $100.00. You will need to work a plan, and follow the process but several Day Trading Prop Firms will help provide assistance to make a real living Day Trading with fees under $100.00 a month. In fact, at the time of writing this article, the author passed a prop firm PA account and has started a funded account that is now $27,555.00 in its balance.

Apex Prop Firm

How to Set Up an Apex Trader Funding Account and Use Them as a Prop Firm

Apex Trader Funding is a proprietary trading firm (prop firm) that provides traders with the capital they need to trade futures markets. Here’s a step-by-step guide on how to set up an Apex Trader Funding account, use their services, and understand what it takes to qualify.

Setting Up an Apex Trader Funding Account

1. Visit the Website:
   • Go to the Apex Trader Funding website and review the details about their funded trader programs.
2. Choose a Funding Plan:
   • Apex Trader Funding offers various funding plans based on account size and trading rules. Select the plan that best matches your trading style and goals.
3. Create an Account:
   • Sign up by providing your personal information and creating a login on their platform.
4. Complete the Application:
   • Fill out the necessary forms and agree to the terms and conditions.
5. Payment:
   • Pay the evaluation fee, which varies depending on the account size and plan chosen. This fee grants you access to a simulated account where you’ll prove your trading skills.
6. Download Trading Software:
   • Apex Trader Funding uses popular trading platforms such as NinjaTrader. Download and install the required trading software.
7. Connect to the Trading Platform:
   • Use the credentials provided by Apex Trader Funding to connect your trading platform to their simulated trading environment.

Using Apex Trader Funding as a Prop Firm

1. Trade in the Evaluation Account:
   • Start trading in the evaluation account. Follow the specific rules and guidelines provided, such as daily loss limits, profit targets, and maximum drawdowns.
2. Meet the Evaluation Criteria:
   • To qualify for funding, you must meet specific performance criteria within a set timeframe. This typically involves achieving a profit target without breaching the risk management rules.
3. Pass the Evaluation:
   • Once you meet the evaluation criteria, your performance will be reviewed. If you pass, you’ll be offered a funded trading account.
4. Trade in the Funded Account:
   • Begin trading with real capital provided by Apex Trader Funding. Continue to adhere to their risk management rules to maintain your funded status.
5. Profit Sharing:
   • Profits earned in the funded account are usually split between you and Apex Trader Funding according to their profit-sharing agreement. Familiarize yourself with these terms to understand your potential earnings.

Qualifying for Funding

To qualify for a funded account with Apex Trader Funding, you need to:

1. Demonstrate Consistent Profitability:
   • Achieve the required profit target in the evaluation account while adhering to the risk management rules.
2. Follow Risk Management Rules:
   • Maintain discipline in your trading by not exceeding daily loss limits, adhering to maximum drawdown limits, and following other risk management guidelines.
3. Prove Trading Skill and Strategy:
   • Showcase your ability to trade effectively over the evaluation period. Apex Trader Funding looks for traders who can manage risk and generate consistent returns.
4. Pass the Evaluation Period:
   • The evaluation period can vary in length. Successfully navigating this period without significant rule violations is crucial to qualifying for funding.

Conclusion

Setting up an Apex Trader Funding account involves selecting a plan, completing the application, and demonstrating your trading skills in an evaluation account. By adhering to risk management rules and achieving profitability, you can qualify for a funded account, allowing you to trade with significant capital and share in the profits. This opportunity is ideal for traders looking to leverage their skills without risking their own capital.