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What Happened to Funding Talent?

At its peak, Funding Talent claimed to have more than 13,000 traders. Their CEO was listed in the Wall Street Journal as “a financial guru millennials listen to.” In less than two years they were out of business and widely labeled a “scam.” So in lieu of a Funding Talent review, I’m writing a post-mortem. Hopefully by looking back at their demise, we can avoid other prop trading firms that may be heading in a similar direction.

What is Prop Trading?

Financial markets are more accessible today than they’ve ever been. People from all walks of life are trading stocks, bonds, forex, commodity futures, derivatives, and any other financial instrument you can think of.  Good traders are supplementing their incomes and adding to their retirement funds. Great traders are getting filthy rich.  But before they started … Read more