Trader Programme

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This provides a more detailed activity plan of the Trader Programme with web link helps to get the trader working more effectively in our Trader Programme. Please review in detail and be ready to discuss at your initial orientation meeting..
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Trader Programme: Design

1. Orientation of the programme and a discussion of it’s mission and objectives.
2. Review your trade infrastructure setup and your work schedule, all from the comfort of your home or office as an independent contractor.
3. Review of educational material available to you. In addition, we provide an eLearning Trader Trading Course. Please review the course syllabus by clicking here. This material will be instrumental in building an understanding to be successful at Blue Point Trading. Remember you are discretionary trader and you must assume all the responsibilities that this entails. All trading decisions you make is all yours and only yours.
4. If you have never traded before or unfamiliar with our designated broker AVA FX, we strongly suggest you down load the AVA Trader software and practice with a demo account to get familiar with its operations before you start trading real money.
5. Building of your Trade Plan(s). You with coaching feedback will build an appropriate set of Trade Plan(s) for your own personal toolbox. Take time and due consideration in this activity – you can logon to the Database Management System located in the Toolbox to perform this activity.
6. Once complete you are ready to head to the next phase of the Trader Programme. The date you receive your trader account login ID and password from Blue Point Trading, will be your monthly cycle baseline date. Please re-review this link on leverage.

Trader Programme: Trade

1. Begin your live trading with your own trader account.
2. When your targets have been met, you progress each 3 months in your capital progression plan to higher account sizes. You start first with $2000, then $4000 and then $8000.
3. Trader payouts are performed monthly. Trader payouts are 50% of all trading profits you have made.
4. Your trading targets are 10% profit and no more than 20% draw down on your monthly capital account baseline. Baselines are calculated monthly upon the date of reception of your trader account.
5. The risk manager will automatically close your positions and your trader account, if the draw down limits have been exceeded. Effectively your participation in the Trader Programme unfortunately has been terminated at this point.
6. You will have continual coaching via your participation in the Trader Lounge as per your work schedule.
7. Upon each trade you make, you will log your trade activities in your Trade Journal and submit real-time via our Data Base Management System located in our Toolbox.
8. Each month, the Trade Journal will be reviewed to ensure your Trade Plan(s) have been executed accurately and suggest any iterative updates to your Trade Plan(s) accordingly.
9. At the completion of this Trader Programme we will review your performance and make plans for your continued Blue Point Trading participation at a potentially higher capital account level.

Note: Typical financial instruments traded are most spot forex pairs and equity indexes, bond and many commodity and individual stock CFDs. Typical bid ask spreads and margins requirements can be found here. However, spreads can be dependent on market conditions and instrument liquidity. BPT and AVA FX do make money from the bid ask spreads, but do not charge commissions. Please read our disclaimer.