TopStepTrader – You May Have a Chance (or not)
Getting started with financial investing in this day and age is less complicated than it has ever been. This is especially true of mobile applications, which make it possible for us to keep track of our investments at any time, wherever we are. This comes in useful since, as we are all aware, changes in the market can occur suddenly, and in order to maximise one’s chances of making a profit, one needs to be present at the time the event takes place.
On the other hand, it’s possible that you have the impression that you lack the necessary expertise to begin truly trading and bartering. You may be familiar with a few financial phrases or have a broad grasp of how things operate, but in order to truly transform your hazy guesses into intelligent decisions, it is likely that you will need some help. Perhaps even the opinions of certain specialists.
A tool such as TopStepTrader can be helpful in situations like these. Users of TopStepTrader are put in control of their trading accounts without being fully responsible for the outcomes of their decisions. Because it is a simulator, one does not risk losing real money while experiencing what it is like to engage in gun slinging. It’s all in your head, and you’ll have a great time doing it.
But, hey, you do realise that we are not in the business of producing video games, right? The goal of our investments is to increase our income, therefore that’s why we’re in this game. And this is exactly where TopStepTrader shines: if you have the knack, it is possible to be rewarded with a full-fledged day trading account. TopStepTrader is an excellent platform for beginners.
Therefore, at the beginning, TopStepTrader will function as a kind of competition between novice day traders. Because of the nature of this environment, only the most qualified will emerge victorious. But what a select few they are: sponsored users of TopStepTrader earned out more than $2 million dollars in 2020, potentially keeping up to 80 percent of profits.
And the outlook is much more positive for the year 2021. Profits can be made now that the pandemic is coming to an end, and a new commercial landscape is beginning to take shape, making it an ideal time for people to come up with innovative ideas. Is there a good chance that TopStep will sponsor a trader in the future? That, of course, is dependant on who you are.
Features of TopStepTrader
Regardless, TopStepTrader has a lot to offer those who are just starting out in the trading world. Even if you decide not to upgrade to a fully financed account, taking use of the free trial for a period of 14 days still comes with a variety of advantages that you can take advantage of. Let’s go through some of the more crucial points.
- Platforms that TopStepTrader supports include a whopping thirteen different trading environments. TopStepTrader’s features include: Even though it lacks some of the features of the more advanced platforms, their beginner platform, TSTrader, is an excellent place to begin. This platform contains all the fundamental charts and options for managing your accounts, and even though it does not have all the features of the more advanced platforms, it enables users to become familiar with all the ins and outs of day trading.
- Education and mentoring are two areas in which TopStepTrader excels at an exceptional level. In addition to daily live trading seminars, training on trading psychology, and the opportunity to observe seasoned professionals engage in their trade in real time, there is also the possibility to trade yourself. There are also specific one-on-one sessions for individuals with more financial resources available, in case you need some additional assistance; nevertheless, many of these possibilities are provided at no cost to subscribers.
- Community: This is a crucial consideration for any trading applications, as is the case. It’s always good to feel like you’re a part of something, and it appears that TopStepTrader has successfully fostered a genuine community. There is a lively chat area where both newcomers and seasoned players may discuss their experiences and share strategies with one another. Additionally, there is a vibrant community on Facebook that is dedicated to
A Reasonable Margin: The primary advantage of TopStepTrader is that users get to keep the first $5,000 in profit they produce, and then 80 percent of whatever profits they make after that. This creates the possibility for extremely high earnings for both the individual and the service. It is something that might be referred to as a “win-win” situation.
Pricing on TopStepTrader.com
TopStepTrader provides users with a total of four distinct membership tiers. These equate to a maximum purchasing power, so there is quite a bit of freedom; nevertheless, it all relies on where you are in your life at the moment.
- Buying Power of $50,000 at $165 per month
- $325 is the monthly cost for a $100,000 buying power.
- Buying Power of $150,000 at $375 per month
But the most essential thing is that you may test out their service for free for a whole two weeks. There is no requirement for you to enter any payment information at all. Because of this, you will be able to log in right away, get a feel for the software, and start making some moves right away.
The Bottom Line
I believe it is important to be straightforward and point you that the likelihood of becoming a financed trader is quite low. Perhaps “thin” is too weighty of a word, but it does demand a certain kind of particular aptitude and energy. But hey, you might be in that situation. Imagine working from the comfort of your own home, moving at your own pace, and having the entire world at your disposal; that is the life of a successful day trader. And if you do manage to become a sponsored and financed trader, the potential rewards are huge.
However, the free trial period of 14 days will at the very least give you an idea of how things operate and may perhaps provide you with one or two helpful insights that will be profitable in the long run. Even if only for the community and educational lectures, it would be worthwhile to sign up.