Are you ready to take your forex trading to the next level? Do you think you have what it takes to become a professional trader? One of the biggest mistakes new traders struggle with is trying to get rich off a small forex trading account balance. This leads to excessive risk taking and in the worst cases, blown accounts. The thing is though, if you actually want to take your trading to the next level and become a professional trader, all you need is a consistent track record. Once you have a consistent track record, it is possible to get large capital allocations from institutional investors.
Vantage FX has recently partnered with trading analytics and talent scouting firm, PsyQuation. As well as giving all Vantage FX account holders access to PsyQuation’s cutting edge analytics suite, this partnership gives talented Vantage FX retail clients the opportunity to take their trading to the next level and begin their journey towards trading professionally.
Improve your forex trading with PsyQuation’s cutting edge analytical suite
The PsyQuation analytical suite is a powerful set of tools for tracking and improving your trading performance. With a range of advanced metrics absent from the MT4 platform and live alerts with tips to increase your performance, the PsyQuation platform is a powerful addition to any trader’s arsenal. The platform is designed to take the guesswork out of strategy refinement, allowing you to focus on self-improvement and increased performance. Even if you are not looking to trade professionally, the PsyQuation platform will provide priceless insights into your trading process and help you to achieve consistent profitability.
Take your forex trading to the next level with institutional capital allocations
Trying to earn a salary trading a small forex balance is extremely difficult, if not impossible, but what if you were trading a 6 figure balance? If you are a talented and consistent trader, there are a world of opportunities available to you. PsyQuation have already allocated more than 4 million AUD to promising traders and still have a large amount of capital waiting to be allocated. Promising traders are shortlisted according to their PsyQuation score and the best of these traders are then hand selected by the PsyQuation team and allocated forex trading capital. If selected for capital allocation, you will earn a 20% performance fee on investor profits, as per the industry standard high water mark principle.
Do you have what it takes?
Professional forex trading requires discipline, consistency and strict adherence to sound risk management practices – do you think you have what it takes? Sure, you may be comfortable with a 30% drawdown on your $1000 account, but when it comes to managing other people’s money, this level of risk is a bridge too far. Institutional investors aren’t looking for 100% PA returns, they are simply looking for market beating returns, with an acceptable level of risk. Slow and steady wins the race.
Want to become a professional trader? Or perhaps you just want to improve your personal forex trading process and performance? Connect your Vantage FX account to the PsyQuation platform today and you’ll be taking a huge step in the right direction.
Source: Vantage FX Blog