Trades
BESOMEBODYFX
THE COMPLETE GUIDE TO GETTING FUNDED AS A SWING TRADER
If you are a swing trader, you have probably felt this already…
Most prop firms are not really swing trader friendly.
They say they accept “all trading styles.”
But then you read the rules.
1. No weekend holding
2. No overnight holding
3. News rules that force you to close a trade every hour
Let me put it VERY simply…
Those are rules designed to make you breach the account!
So it’s time to wake up.
Because if you want to trade with a prop firm properly, you need to know the tricks!
So I spent weeks researching the actual rules, actual fee structures, and actual conditions of dozens of prop firms.
I’ve analyzed, researched, studied and tested all of the popular firms searching for the absolute best one for swing trading.
And the one that came out on top , specifically for swing traders, is…
Now, hold on a second!
Am I just shilling a paid promo getting paid by the firm to promote them?
No!
BrightFunded did NOT sponsor this article.
This is my genuine recommendation for swing traders.
And this is why:
Let me be direct with you.
There are dozens of prop firms, and a lot look swing trader friendly on the surface.
They will tell you that overnight holding is allowed, weekend holding is allowed, all trading styles are accepted, and technically, that’s true.
But then you start trading with them and you realize the real problem is hidden in the details.
For instance…
They restrict when you can hold a trade.
Some firms let you hold overnight, but not over the weekend.
Others let you hold through the weekend, but limit holding through high impact news.
A few let you hold through both… but then hit you with something else…
Fake swaps!
The problem with swaps and prop firms:
Ok, listen…
In regular brokers?
Swaps are ok.
Some trades will pay positive swaps, some will have negative swaps.
This is ICMarkets for instance:
Over the long run, they tend to net each other out to just a small commission.
It’s fine.
But…
Prop firms will trick you with swaps!
There are firms out there that have a NEGATIVE swap on obvious carry trades such as long USDJPY or USDCHF and such.
Like, what are we talking about?!
A firm can allow you to hold trades overnight, but if the swap structure is manipulated against you, then they’re charging you a hidden cost on every position.
That’s the swap trap.
So when I started looking for a prop firm that was genuinely swing trader friendly, I asked one question first:
“Is this firm swap free?”
Simple.
And BrightFunded has that option:
Clean.
This way you are not getting eaten by a hidden holding cost that messes up your trades and strategy.
Ok, so let’s get practical…
What plan should you chose from BrightFunded and what rules you must be aware of?
How to Set Up BrightFunded Properly (step by step)
Ok, let’s make this practical.
To get started you can use this link to get a 10% discount.
It’s an affiliate link, yes! I get 10%, you get 10%, fair 😉
Alternatively you can use the code:
zxx_GJpNSDeb_ls8NK_qww
During your sign up process to get the 10% discount.
Once you are on BrightFunded’s website…
Here’s the exact sequence I recommend for getting set up as a swing trader.
If you want the cleanest setup for swing trading, for the 2 Step Classic.
If you are more conservative and you prefer a lower target, look at 2 Step Bright.
The only difference is lower profit target but also lower max risk.
So keep in mind the trade off there.
You can get funded quicker, but you get less capital to risk.
Both are anyway swing trader friendly.
Both are swap free compatible.
No news restrictions, no trade holding restrictions, you can just…
Trade!
But remember…
Select the swap free addon:
This is the whole point. Don’t miss it.
And beware:
If you are tempted by 1 Step just because it is faster, be careful, because that’s NOT suited for swing trading, the trailing drawdown is exactly the kind of rule that makes the 1 Step unusable.
I know!
1 Step is tempting. It’s faster. It’s simpler.
But for swing trading specifically, don’t!
Why?
A trailing drawdown is exactly the kind of rule that will get you in trouble.
Take the 2 Step Classic.
Or the 2 Step Bright if you want a lower target.
Skip 1 Step entirely.
Ok, once you have an account with them, what’s next?!
Practical advices for your path to getting funded:
Advice #1
The biggest mistake prop firm traders make is trading the rules instead of their strategy.
You don’t change how you trade to fit the firm.
You pick a firm that fits how you trade.
That’s why BrightFunded.
So…
Trade your strategy, not the prop firm.
Advice #2
Read this carefully because this is the mistake I see swing traders make over and over.
And it’s almost never talked about.
Let me explain.
You are in the evaluation phase, or you’re already funded, doesn’t matter!
In any case…
You look at your watchlist.
And you see three setups:
- Long EURUSD
- Long GBPUSD
- Short USDCHF
You think: “These are three different trades. I’m diversified.”
But here’s the thing…
That’s not three trades.
That’s one single exposure.
You’re short USD against a basket of European currencies.
Same trade. Three different expressions.
Now imagine you size each one at 1% risk.
You think you’re risking 1% per trade. Fine.
But you’re actually risking 3% on a single idea: short USD.
If something comes out, a hot CPI print, a hawkish FED comment, a USD positive headline, and USD rallies…
All three of those trades hit stop loss.
At the same time. On the same catalyst.
Understood?
That’s not 1% risk on three different trades.
That’s 3% risk on one idea.
Seriously, swing traders get hurt when they think they are diversified, but in reality, they are just taking the same trade three different ways.
So, watch your comulative risk!
Make it around 0.50% to 1%per whole idea.
Let me explain…
For a swing trader, 0.5% to 1% per trade is a normal risk range.
So if your idea is to long EURUSD, long GBPUSD, and short USDCHF, understand that those are three correlated trades, so you DON’T size each at 1%.
You split the 1% across the three.
Something like:
- Long EURUSD: 0.3% risk
- Long GBPUSD: 0.3% risk
- Short USDCHF: 0.3% risk
Total basket risk: 0.9% on the single USD short idea.
You get diversification across instruments.
But you don’t get overexposed to a single catalyst.
Ok?
Cool!
To conclude:
Look…
Getting funded as a swing trader is not about finding the cheapest challenge or the fastest target.
It’s about finding a firm that allows you to trade for real!
Most firms don’t, they limit your trading with nonsense rules.
BrightFunded doesn’t.
That’s the whole point.
- Pick the 2 Step Classic
- Go swap free
- Size your baskets at 0.5% to 1% per idea
- And trade the way you actually trade
That’s the guide.
Now go get funded 😉
And any question, feel free to reach out!
