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Myth Busting: No, You Won't Trade Better With Live Capital

Posted by TopstepTrader on August 07, 2018

Whether it actually takes 10,000 hours to learn a skill is up for debate, but the old adage: “practice makes perfect” remains true, especially for new futures traders. But for some traders tempted by the prospect of making a profit, jumping right into the trading without practicing first makes more sense. How can you really figure things out without having some skin in the game, right? Wrong.

That's why Senior Performance Coach John Hoagland even goes so far as to say that simulated trading is the key to trading success. Hoag should know. He has more than 30 years of experience in the futures industry, working his way up from being a runner to a broker at the Chicago Mercantile Exchange and Board of Trade. At TopstepTrader, Hoag works with many traders (new and experienced alike), some of whom mistakenly believe that they’ll do better once they trade with real cash. 

Here’s why they're wrong.

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Topics: Futures, Trading Basics, Forex, Lydia Finkley, Linda Bradford Raschke, Profit Trading, Simulated Trading, Currency Pages

Did You Miss What Barron's Said About TopstepTrader...

Posted by TopstepTrader on February 26, 2018

This weekend in a profile of TopstepTrader, Barron's completely nailed our value proposition — that TopstepTrader is the place to go to safely engage in markets, while gaining access to up to $150,000 in futures buying power:

"TopstepTrader, which was founded in Chicago in 2012, has a service to help the at-home day trader develop good habits and an appreciation of risk management, and if funded by the firm, keep 80% of the profits."

Founder and chief visionary officer Michael Patak [...] wants to provide a learning environment for rookies, and offer those who are successful a chance to trade his firm’s money. “Our goal is to make you be accountable for your actions, and follow basic risk criteria,” Patak says.

There's a whole lot more to the article, and we'd recommend you give it a read.

And while we love what Barron's said, we're even more proud of what traders have said about us. 

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Topics: Futures, TopstepTrader Company Updates, Risk Management, Profit Trading

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