Train to Trade For A Fund
Diploma In Professional Forex Trading
Trader Development Program
Smart Trading. Smart Traders.
Experience Level: Intermediate to Experts
- Completion of Module 1 – Foundation Forex Trading Course
- Completion of Module 2 – Advanced Forex Trader Workshop
The Trader Development Program is a demanding program that prepares and develops traders for full-time employment as a trader with T4TCapital LLC, or in fact with any professional forex trading fund or company.
The Trader Development Program is designed to turn you into a professional forex wealth trader to trade for the newly formed T4TCapital FX Incubator Fund. It will help you develop the skills and gain the experience required to build a successful trading career with us.
Typically, the program takes 3 to 6 months to complete, but it may take longer if it established that you need more time to reach the qualification, we stay with you to final qualification. You will find that the program is highly individualized and dynamic, tailored to your aptitude and experience, as well as the requirements of the T4TCapital Trading Team. When you join the program, you will no longer be a customer of T4T but a team member of the T4TCapital Team. With the ongoing support of a dedicated mentor, you’ll be learning and practicing at all stages of development. Upon graduation and completion, you will become an Associate Trader. Along the way, you will sharpen your ability to analyze the FX Market and fine tune your Trade Execution whilst discovering opportunities to generate profit with excellent Capital Management skills.
We will provide you with plenty of feedback and assess you regularly– there are several ‘stages’ that you need to pass through – so you’ll always know how you’re progressing.
At the end of the Trader Development Program, there’s a final assessment to validate your readiness to trade. Pass this and you will be officially Trader Ready and fully equipped to trade and become an Associate Trader with T4TCapital.
Part 1 – Team Training Objective
The Trader Development Program introduces to the student the importance of trading as a team but with their own risk appetite and trading style. To implement this training the student will now put into practice all that has been learned in Module 1 & 2. Team Training has been designed to allow Student traders time to iron out and fine-tune all trading skills in a collaborative ‘team’ environment.
The team approach will take the pressure off traders to come up with trade ideas and allow them to explore and learn various methods of analysis and execution. Student Traders will be assigned to a team led by an experienced mentor.
The mentor will conduct weekly group meetings. Traders will be required to participate by providing potential trade setups, and actively participating in the webinars. Traders can also request one-on-one meetings at anytime with their mentor.
In any industry teamwork is key to the success of any business. A teams objective is to implement the business goals of a company using team members that have the skill sets to achieve those goals and the combined effort to excel in achieving those goals. It is no different in trading for a fund. The fund will have a strategy for the fund and the trading team will be responsible for implementing that strategy to its best ability. Each trader will have the core methodology to trade the forex market and will have their own risk appetite that will contribute to the team objectives. This differs widely from the Retail Forex Trader who traditionally trades by themselves.
It is important to grasp the importance of teamwork and this training is a lead in to the weekly online meetings that will be held when you trade for a fund.
Delivery & Assessment – $100,000 Practical Assessment Account
Student Traders will be provided with a $100K Practical Assessment trading account which they will use to test trading strategies, execution and implement team trade plans. All student traders accounts will be linked to MyFxBook and visible to all other traders in the program. Student Traders will be encouraged to maintain a trade journal – including trade ideas, setups, strategies before and after results.
There is no reset fee in the program. If you breach the drawdown limits for the first time your trading account is suspended for a week. After the week is over your account is reset to the starting balance and you can continue to trade. If you breach the drawdown limits for the second time your trading account is suspended for two weeks. After the two weeks is over your account is reset to the starting balance and you can continue to trade. This process is ongoing, and a week is added to the suspension of the account with every new breach. So, the 3rd breach gets a 3-week suspension, so on and so forth. The same rules apply if you choose to reset the account early before breaching the drawdown limits.
Objectives to Pass the $100,000 Practical Assessment
Make 8% profit without breaching any drawdown limits and have an overall win ratio ≥50%.
Weekly Team Meetings
The purpose of the Weekly Team meeting is to provide a sounding board for traders to discuss topics they either don’t understand or are having issues with and allow collaboration on market analysis. The small group discussions will ensure no traders get left behind in the development program. Attendance at weekly team meetings is expected.
The weekly team meeting will be divided into two parts:
Part 1 – Mentor Presentation
- In the first part (5-10 mins) of the team meeting, the mentor will run through the previous weeks key events and results as well as look at potential opportunities for the week ahead.
Part 2 – Student Participation
- Students will be asked to participate by presenting their own trade ideas and potential upcoming opportunities.
- There will also be time for students to raise any issues or problems they may have.
Monthly Individual Trader Reviews
The purpose of the monthly trader reviews is to provide positive feedback on trading activities and overall performance by reviewing the traders ‘Dashboard’ trade statistics. This is a key component of the student trader’s development and improvement. We will be analyzing all aspects of the trader’s performance including profitability, traded pairs, performance on various pairs, average holding time, the risk to reward ratio to name but a few. The student trader is expected to provide details of their trading activities by way of their trade journal including why, when and how they traded and the overall result. Through the Team Training process student traders will understand what it means to be part of a trading team and get used to speaking in front of their peers.
A leaderboard will be in force for each Mentor team. Each Team will come up with a team name. The leaderboard will display the overall combined account performance, replicating the whole fund. It will show the performance of each Mentor Group and will also display the individuals’ performance.
Team Training is a key module of the Diploma in Professional Forex Trading. The next module of development builds upon the teamwork skillset but now concentrates on the individual student characteristics and risk appetite to improve personal trading performance and to provide overall training feedback.
Part 2 – One On One Training Objective
During Module 3 students can request One On One meetings when they feel they need additional help. Students will continue to trade in their respective teams, however they will focus on improving their individual trading performance, and will be provided guidance with respect to Trade Plans and Performance Targets. This will lead to enhanced team performance and overall fund performance. They will build on their existing trading account.
Monthly One On One Online Meetings
Monthly Individual trader analysis – our team analyses your performance: risk management, trade execution, and trade selection.
Additional mentoring from senior traders will continue throughout this 2-month period. Student Traders will be expected to adhere to the T4T Rules of Engagement. If a trader breaches the Drawdown limits 3 times a complete reset of the account and further training in this module will be required.
Part 3 -Trading Live Accounts
Once the Student has passed the $100K Practical Assessment, they will now be provided with a fully funded Live T4TCapital USD$100,000 account to trade and will sign a trading agreement with T4TCapital.
Scaling Up Your Live Account to $1,000,000
This funded trading account will be traded and scaled up to $250,000 if they make 8% profit and have an overall win ratio ≥50%.
It will be scaled up to $500,000 if they make a further 8% profit and have an overall win ratio ≥50%.
It will be scaled up to $750,000 if they make a further 8% profit and have an overall win ratio ≥50%.
It will be scaled up to $1,000,000 if they make a further 8% profit and have an overall win ratio ≥50%.
Once the Student has achieved this they will now qualify for Graduation. All graduates that move to the T4TCapital Incubator Fund do so with a starting account of USD$1M. Once they have qualified for Graduation, the Chief Education Offer will make an assessment on the whole of the Trader Development Program and decide if the student needs more instruction or has now graduated.
Tuition Rebate Scheme
Module 3 makes the student eligible for the 100% Tuition Rebate Scheme. All tuition fees and costs for the Workshop are included. The first profits made within this stage up to the agreed amount will be reimbursed at a rate of 100%. Once the amount has been returned the student will then continue trading using the Profit Share Schedule.
This is the students opportunity to get the whole program free of charge.