The Best $100K Prop Firm Challenges in 2026: Eight Firms at the Primary Income Tier

The Best $100K Prop Firm Challenges in 2026: Eight Firms at the Primary Income Tier
The $100K account is where prop trading stops being supplementary income and starts being a genuine income source.
A $100K funded account generating 5% monthly returns produces $4,000/month at 80% profit split. That's no longer pocket money — that's an income level that genuinely competes with what alternative full-time employment could provide for many traders. For a trader running a multi-firm portfolio at $100K each, the combined income can match or exceed senior professional salaries while operating with significantly more autonomy.
The pricing reflects this transition. $100K challenges typically run $500-$900 at quality firms ($350-$700 with PFC discounts), which structurally filters out everyone except traders making genuinely committed decisions. The traders buying $100K challenges have typically already verified themselves at $25K or $50K, taken multiple payouts, and made the decision to commit prop trading capital at a level that justifies sustained attention.
This guide names the eight firms in PFC's database whose $100K offerings genuinely work in 2026 — covering both CFD firms with strong $100K positioning and the futures firms where $100K represents serious multi-account capability. It also addresses why $100K marks the "primary income" tier and what changes structurally when traders move to this commitment level.
For traders building incrementally, our best $50K challenges guide covers the natural pre-step that most traders should verify before scaling to $100K.
TL;DR – The Eight Best $100K Prop Firm Challenges
CFD Firms with Strong $100K Offerings:
- FundedNext — Best overall value. Stellar 2-Step with balance-based drawdown + 15% challenge profit share + scaling to $4M.
- FTMO — Best for stability-first. 11 years operating, OANDA-backed, Quantlane progression at top tier.
- FundingPips — Best for trust signals. 52,000+ Trustpilot reviews, static drawdown.
- City Traders Imperium — Best for long-term career builders. VIP ladder to 100% split + monthly salary at top tiers.
- Funded Trading Plus — Best for scaling. 100% profit split ceiling, news trading permitted at every stage.
- E8 Markets — Best for refundable fees. Full evaluation fee refund on first payout.
Futures Firms with Strong $100K Offerings:
- Apex Trader Funding — Industry-dominant US futures benchmark. $100K is where serious multi-account stacking becomes structural strategy.
- MyFundedFutures — Trustpilot 4.9 from 11,000+ reviews. Strong $100K offerings across all five plans.
👉 Browse all $100K challenges on PFC →
Why $100K Marks the Primary Income Tier
The $100K account is structurally different from the $5K-$50K range. Not just bigger numbers — fundamentally different in what it produces and what it requires from the trader.
Income Becomes Genuinely Substantial
The clearest structural shift at $100K is that monthly returns produce real income:
- 3% monthly returns at 80% split: $2,400/month
- 5% monthly returns at 80% split: $4,000/month
- 8% monthly returns at 80% split: $6,400/month
Compare this to $25K (where 5% returns produce $1,000/month) or $50K (where 5% returns produce $2,000/month). At $100K, those same percentage returns produce supplementary income approaching full-time-equivalent salaries — and at multi-firm portfolio scale ($100K at 2-3 firms), genuinely competing with senior professional employment.
This changes how traders relate to prop trading. At $5K-$25K, prop trading is "let me see if I can do this." At $50K, it's "supplementary income worth my time." At $100K, it's "this is my income now" — the decision threshold where traders genuinely depend on returns to fund their living expenses.
Entry Pricing Structurally Filters For Commitment
$100K challenges typically run $500-$900 at quality firms ($350-$700 with PFC discounts). That's not prohibitive for traders making genuinely committed decisions, but it's expensive enough that casual buyers self-select out at the prior tiers.
The traders buying $100K challenges have typically:
- Already verified themselves at $25K or $50K and graduated up after taking payouts
- Built sustained trading discipline at meaningful capital sizes
- Made the decision to commit prop trading capital at career-level scale
- Are running multi-firm portfolios where $100K represents a meaningful position rather than experimentation
This produces a different competitive environment within the firm — other traders at the $100K tier are typically the most disciplined cohort, which paradoxically makes the rule structures feel less arbitrarily restrictive. The traders breaching rules are mostly at smaller sizes.
Position Sizing Becomes Significant
At $100K, proper risk management produces position sizes that feel substantial. A trader risking 1% per trade has $1,000 of risk per position — large enough that individual trade outcomes feel meaningful in your trading psychology, but not so large that single trades dominate account dynamics.
This is the position sizing range that genuinely matches institutional trading thinking. Below $100K, position sizes feel small relative to "real money" trading; above $100K (particularly $500K+), position sizes can feel uncomfortably large for traders running discretionary strategies. $100K hits the sweet spot for serious retail prop traders.
Scaling Infrastructure Becomes Strategically Important
At $100K, scaling pathways stop being "nice to have" and start being core strategic infrastructure. Most firms have meaningful $100K → larger size scaling:
- FundedNext: $100K → $4M scaling pathway
- FTMO: $100K → multi-million through Quantlane progression
- CTI: $100K → top VIP tiers with monthly salary
- Apex: $100K → multi-account stacking up to enormous combined capital
- MyFundedFutures: $100K → scaling across multiple plans
The $100K is the structural foundation that justifies firm investment in your scaling. A trader who passes $100K and builds 12-18 months of track record is the trader firms want to scale aggressively — both because the trader has proven they can operate at meaningful capital and because retaining them at larger sizes produces better long-term economics for both parties.
Multi-Firm Portfolios Become Structurally Necessary
At $100K, running a single firm becomes strategically risky. The firm-specific operational risk that's manageable at $25K (where one failed firm relationship is $25K of simulated exposure) becomes meaningfully larger at $100K (where the same is $100K of exposure).
Serious traders at $100K typically run 2-3 firms in parallel — diversifying firm-specific risk across multiple operators. A trader with $100K at three firms has $300K total funded exposure with no single firm representing more than 33% of their prop trading book. This is the multi-firm portfolio approach we cover in detail in our multi-firm portfolio guide.
Time Investment Becomes Career-Level
Below $100K, prop trading can reasonably operate as a serious hobby. At $100K, it's genuinely a career-level time commitment. A trader producing $4,000-$6,000/month from $100K is operating at an effective hourly rate that justifies treating prop trading as primary professional activity. Many $100K traders are working at this level full-time or transitioning toward it.
This shifts the calculus on every prop trading decision. Firm selection matters more (you can't afford operational issues). Rule compliance matters more (failures cost real income). Multi-firm strategy matters more (no single firm should represent your entire income). The traders sustaining $100K accounts long-term aren't just better traders — they're operating prop trading with the discipline of any serious professional career.
The Eight Best $100K Prop Firm Challenges
All eight firms verified as currently listed on PFC, with strong $100K offerings positioned for serious primary-income traders.
1. FundedNext — Best Overall Value at $100K
FundedNext's Stellar product line offers the strongest overall value-feature combination at the $100K size. Modern features, balance-based drawdown, the unique 15% challenge profit share, and scaling all the way to $4M from your initial $100K position.
Why it works at $100K:
- Balance-based drawdown on Stellar 1-Step and 2-Step — significantly more forgiving than trailing structures
- The unique 15% challenge-phase profit share — at $100K, profits during the challenge phase translate into substantial additional capital when you pass and reach 10% growth on the funded account
- Scaling to $4M — among the largest scaling pathways in the industry, meaningful long-term path from $100K
- No time limits
- Monthly payout transparency reports showing 99.98% of payouts processed within 24 hours
- MT5, cTrader, and Match-Trader platform support
- Multiple challenge formats at $100K — Stellar 1-Step, 2-Step, Lite, and Instant Funding all available
- $284M+ paid out since 2022 across all products
Where to be careful: 3.5% withdrawal fee on payouts. The recent leverage changes on Gold if you trade XAU news specifically. For full detail, see our FundedNext 2026 review.
Best for: $100K traders wanting maximum modern features and value at the primary-income tier — particularly those committing to scaling toward FundedNext's $4M ceiling over a multi-year horizon.
2. FTMO — Best for Stability-First $100K Traders
FTMO is the strongest choice at $100K for traders prioritising firm stability. Eleven years of operations. $500M+ in verified payouts. Trustpilot 4.8/5 from 40,000+ reviews. The December 2025 OANDA acquisition brought NFA-regulated brokerage backing into the FTMO group.
At $100K specifically, FTMO's premium pricing becomes proportionally more reasonable. The firm stability premium is structurally more valuable when you're committing capital at primary-income scale — and FTMO's Quantlane progression at the top tier provides genuine career pathway infrastructure.
Why it works at $100K:
- The longest CFD prop firm track record in the industry — eleven years operating
- OANDA-backed since December 2025 — NFA-regulated brokerage infrastructure
- Refundable challenge fee on the 2-Step — effectively making successful challenges free
- Widest platform support (MT4, MT5, cTrader, DXTrade) in the industry
- No time limits on standard evaluations
- Quantlane salaried contract at top tier — genuine career pathway
- Both 1-Step and 2-Step formats available at $100K
- $500M+ in verified payouts — most extensive cumulative track record in the industry
Where to be careful: Standard 2-Step has a 2-minute news restriction (the Swing variant is the answer for news traders). Pricing sits at the premium end of $100K offerings. For broader context, see our FTMO vs FundedNext comparison.
Best for: $100K traders whose top priority is firm stability and the longest CFD track record — particularly traders aiming for Quantlane-level career progression.
3. FundingPips — Best for Trust Signals at $100K
FundingPips offers $100K challenges in the $500-$700 range with one of the most extensive operational records of any newer-generation firm: $180M+ paid out since 2022, 52,000+ Trustpilot reviews at 4.5/5.
At $100K specifically, trust signals matter more than at smaller sizes. You're committing meaningful capital ($500-$700 entry, $100K simulated exposure) so the firm's verifiable reliability becomes proportionally more important.
Why it works at $100K:
- Static drawdown on main 1-Step and 2-Step programs — more forgiving than trailing
- 52,000+ Trustpilot reviews at 4.5/5 — extraordinary trust signal density
- Tiered profit split system — monthly cycles for 100% split, bi-weekly for 90%, etc.
- cTrader, MT5, and Match-Trader platform support
- No time limits on standard 1-Step and 2-Step programs
- $100K accounts available across multiple challenge formats
- $180M+ paid out since 2022 — verifiable track record
Where to be careful: The Zero (instant funding) product has a 15% consistency rule that catches lumpy-distribution traders — stick to standard 1-Step or 2-Step at primary-income tier. For more, see our FundingPips vs Blueberry Funded comparison.
Best for: $100K traders who want maximum public verification of payout reliability before committing primary-income-tier capital.
4. City Traders Imperium — Best for Long-Term Career Builders at $100K
City Traders Imperium operates with a different philosophy from most prop firms. Rather than building around fast challenges and quick payouts, CTI is built around traders developing genuine multi-year careers — with VIP progression up to 100% profit split and a monthly salary at the highest tiers.
$100K is the natural account size where CTI's VIP progression infrastructure becomes structurally meaningful. The infrastructure was built specifically for traders operating at meaningful capital scale over multi-year horizons.
Why it works at $100K:
- Balance-based drawdown across main programs — significantly more forgiving than trailing
- VIP progression ladder that genuinely rewards long-term performance
- No time limits on evaluations
- UK-based operations with established presence
- 100% profit split + monthly salary at top VIP tiers
- Strong scaling pathway for genuine multi-year careers
- $100K positions you firmly within the VIP progression structure
Where to be careful: No MT4 or cTrader support (MT5 and Match-Trader only). No stocks or crypto trading. The path to top VIP tiers is structurally demanding. For more, see our CTI review.
Best for: $100K traders thinking in years rather than weeks — building toward a long-term prop trading career with structured progression that genuinely rewards multi-year commitment.
5. Funded Trading Plus — Best for Scaling at $100K
Funded Trading Plus has built around traditional evaluation challenges with strong scaling pathways. At $100K, the milestone-based scaling structure produces genuinely substantial capital growth potential.
Why it works at $100K:
- Profit splits scale to 100% — 80% start, 90% at 20% profit milestone, 100% at 30% profit milestone (rule-based, not discretionary)
- News trading permitted at every stage — including the funded account, on every product type (industry-rare)
- No time limits on evaluations
- Multiple challenge formats at $100K — 1-Step Express, 2-Step Classic, Instant Funding, Master Trader Program
- UK-registered with London-based operations
- cTrader support alongside MT5
- $19.5M+ paid across 60K+ traders since 2021
- Trustpilot Excellent rating
Where to be careful: Tighter 3% daily drawdown than most firms (5% is industry norm). 35% consistency rule on 2-Step Classic during challenge phase. Now part of the Instant Funding group following the May 2026 acquisition. For broader context, see our FTP vs Instant Funding comparison.
Best for: $100K traders wanting milestone-based 100% profit split scaling + news trading flexibility + UK-based operations at primary-income tier.
6. E8 Markets — Best for Refundable Fees at $100K
E8 Markets takes the refundable-fee model and applies it across more of the product range. The Standard 2-Step at $100K refunds the full evaluation fee on your first funded account payout — effectively making successful challenges free.
At $100K specifically, the refundable fee mechanic produces substantial cost savings. The $500-$700 entry fee being refunded on first payout represents meaningful capital that compounds favorably across a sustained funded trading career.
Why it works at $100K:
- Full evaluation fee refund on first payout — successful challenges effectively free at primary-income tier
- $68M+ paid out across 18,900+ withdrawals since 2021 — verifiable track record
- On-demand payouts on funded accounts (1-5 business days processing)
- EAs allowed on standard accounts
- MT4 support alongside MT5 and Tradovate
- Multiple challenge variants at $100K — Standard 2-Step, E8 ONE, and Lite
Where to be careful: The 40% Best Day Rule applies on funded E8 ONE accounts (but not the Standard 2-Step). The E8 ONE consecutive-day scaling mechanic is structurally interesting but complex. For more, see our E8 Markets vs Maven Trading comparison.
Best for: $100K traders wanting verifiable track record + refundable-fee structure that produces substantial cost savings at primary-income tier.
7. Apex Trader Funding — Best for Futures Multi-Account Stacking at $100K
Apex Trader Funding is the industry-dominant US futures prop firm. At $100K specifically, Apex transitions from "serious futures size" to structural multi-account stacking strategy — most established Apex traders at this tier run multiple $100K accounts simultaneously for risk diversification across the same firm.
Why it works at $100K (for futures):
- Industry-leading US futures execution via Rithmic-backed platforms
- Deep liquidity on ES, NQ, CL, GC — the most-traded US futures
- Wide platform support (NinjaTrader, Tradovate, TradingView Pro, R|Trader Pro)
- Multi-account stacking at $100K — sophisticated risk management strategy
- Active globally-distributed trader base at this tier specifically
- Strong scaling structure that compounds across multiple $100K accounts
Where to be careful: Trailing drawdown structure (less forgiving than EOD or balance-based). Multi-account discipline matters significantly more at $100K than at smaller sizes — Apex traders running multiple $100K accounts simultaneously need robust operational systems. For broader futures context, see our best futures prop firms guide and futures vs CFD prop firms guide.
Best for: Futures traders specifically wanting the industry benchmark at the size where multi-account stacking becomes the structural advantage — particularly traders building toward enormous combined funded capital.
8. MyFundedFutures (MFFU) — Best Newer Futures Option at $100K
MyFundedFutures is a US-based futures prop firm operating from Fort Worth, Texas. Founded by Matthew Leech in late 2023, the firm has scaled rapidly with Trustpilot 4.9 from 11,000+ reviews — an extraordinary trust signal density for a 3-year-old firm.
At $100K, MFFU's flexible payout cadences become structurally meaningful for traders generating substantial monthly returns who want frequent payout access.
Why it works at $100K (for futures):
- Trustpilot 4.9 from 11,000+ reviews — extraordinary trust verification
- Five active plans (Rapid, Pro, Flex, Builder, Core) covering different futures trader styles at $100K
- No daily loss limit on any plan during evaluation or sim funded trading
- Multiple payout cadences ranging from 48-hour Builder payouts to 14-day Pro payouts
- Rapid Plan offers daily payouts with 90% trader split
- Brokers: Tradovate and Rithmic
- US-based corporate presence (Fort Worth, Texas) — pursuing IB registration with US regulators
Where to be careful: 50% consistency rule on evaluation phase. Core plan has additional 40% funded consistency rule. T1 news event restrictions on FOMC, CPI, NFP. For more context, see our news traders firm guide.
Best for: Futures traders prioritising verified track record + flexible payout cadence options + US-based operational presence at primary-income tier.
How to Pick the Right $100K Challenge for You
Eight firms is a lot of options. Here's a decision framework based on what matters most:
If you want maximum value at $100K → FundedNext (15% challenge profit share + balance-based drawdown + scaling to $4M)
If you want maximum firm stability + Quantlane progression → FTMO (eleven-year track record, OANDA-backed, top-tier career pathway)
If you want maximum trust signals → FundingPips (52,000+ Trustpilot reviews)
If you want long-term career building → City Traders Imperium (VIP ladder to 100% split + monthly salary)
If you want 100% scaling + news permission → Funded Trading Plus (milestone-based scaling, news allowed everywhere)
If you want refundable challenge fees → E8 Markets (full refund on first payout)
If you want futures with multi-account capability → Apex Trader Funding (industry benchmark, multi-account stacking territory)
If you want newer-generation futures → MyFundedFutures (US-based, Trustpilot 4.9, flexible payouts)
For traders unsure which firm fits their specific situation, PFC's AI Challenge Finder matches your trading profile against the full firm database in about two minutes.
What Comes After $100K
The $100K tier is the primary income threshold, but for traders building genuinely large funded capital, scaling beyond $100K is the long-term play. The natural progression:
- $100K verified → scale to $200K for substantially larger monthly income
- $200K verified → scaling pathways to $500K+ through firm-specific structures
- Top-tier scaling → $1M+ through programs like FTMO's Quantlane, FundedNext's $4M ceiling, or CTI's top VIP tiers
For traders running multi-firm portfolios, $100K positions at multiple firms is also a valid strategic configuration. Running $100K at three firms gives you $300K total funded exposure while diversifying firm-specific operational risk. For the framework, see our multi-firm portfolio guide.
How to Stack Savings on Your $100K Challenge
The PFC discount infrastructure produces meaningful savings at the $100K size. Combining the savings layers reduces effective cost-to-funded by 30-50% — and at $500-$900 entry pricing, those percentages translate into $150-$450 absolute dollar savings per challenge.
Step 1: Check Flash Discounts first. The PFC Discounts page (toggle to "Flash") shows time-limited deals — often 30-80% off — across firms. Flash Discounts on $100K challenges produce some of the largest absolute dollar savings in PFC's discount infrastructure.
Step 2: Fall back to Exclusive codes if no Flash is active. Toggle to "Exclusive" for reliable baseline savings (typically 5-15% off).
Step 3: Earn loyalty points on every purchase. The PFC Loyalty Program credits 1 point per $1 spent — at $100K challenge pricing of $500-$900, each purchase generates substantial loyalty point accumulation.
Step 4: Use the Challenge Finder for matched recommendations. PFC's AI Challenge Finder auto-incorporates applicable discounts.
For the complete framework, see our Exclusive vs Flash Discounts guide.
What to Do After Passing Your $100K Challenge
Passing a $100K challenge is a meaningful career milestone. The right post-pass moves:
1. Take your first payout to verify the firm pays as promised. Non-negotiable. At $100K, your first payout should be substantial — somewhere in the $2,000-$5,000 range depending on your monthly returns. For more on the payout process, see our how prop firm payouts work guide.
2. Trade the funded account for 90-120 days minimum before scaling. Longer verification window than at smaller sizes — you're committing primary-income-tier capital, so the firm's operational track record at this size for your specific account matters proportionally more. Watch for: payout consistency, customer support quality at this account size, any subtle rule enforcement issues.
3. Then scale up. Most firms make scaling progressive — $100K → $200K → $500K+. The $100K verifies the firm at primary-income tier; the $200K and beyond produce genuinely substantial monthly income.
4. Add a second firm in parallel. At $100K, running a single firm is structurally risky. Add a $100K position at a second firm to diversify firm-specific risk. Running 2-3 firms at $100K each is the multi-firm portfolio approach that protects against any single firm's operational issues. See our multi-firm portfolio guide.
5. Apply the discipline systematically. At $100K, rule violations cost real income — the common rule violations guide covers the discipline that prevents most account terminations. Even more important at primary-income tier than at smaller sizes.
6. Treat prop trading as professional activity. At $100K, prop trading genuinely competes with full-time employment for many traders. Operate it with the discipline of any serious professional career — sustained schedule, journal discipline (see our trader's journal template), and rigorous risk management.
Browse All $100K Challenges on PFC
The eight firms above are PFC's editorial picks for the strongest $100K offerings in 2026, but they're not the only options. PFC's filter system covers $100K accounts across the entire database:
👉 Browse all $100K challenges →
You can also filter by:
- Other account sizes — $5K, $10K, $25K, $50K, $200K
- Number of evaluation steps — Instant, 1-step, 2-step, 3-step
- Asset class — forex, futures, indices, crypto, commodities
Or use the AI Challenge Finder to get matched against the full database in two minutes.
FAQs – Best $100K Prop Firm Challenges
Why is $100K the primary income tier?
Three structural reasons: monthly returns produce genuinely substantial income ($4,000+ at 5% returns and 80% split), entry pricing filters for committed traders ($500-$900 typically), and position sizing hits the institutional-trading sweet spot ($1,000 per 1% position). The $100K is where prop trading transitions from supplementary income to genuine income source.
What's the best $100K prop firm challenge overall?
FundedNext offers the strongest combination of modern features and value at the $100K size — balance-based drawdown, the unique 15% challenge profit share, scaling to $4M. FTMO is the strongest stability-first option with Quantlane progression at the top tier. Apex Trader Funding is the best futures-specific option. The right choice depends on your specific priorities and whether you're CFD or futures-focused.
Should I start with $100K or scale up from $50K first?
Scale up from $50K first unless you're already a verified successful prop trader. Jumping straight to $100K without verification at smaller sizes means higher exposure to firm-specific operational risk at meaningful capital scale. $100K directly if you've already passed challenges at multiple firms, taken sustained payouts, and have the disposable capital for higher entry costs.
Are $100K challenges worth the higher entry cost?
Yes, for traders ready to commit at this tier. The math: a $100K funded account generating 5% monthly produces $4,000/month at 80% split — genuine income approaching full-time-equivalent salary for many traders. A $50K funded account at the same return produces $2,000/month — meaningful supplementary income but not primary. The $100K is where prop trading genuinely competes with alternative employment.
How does $100K compare to $200K?
$100K is the primary-income tier (one funded account producing $4,000+/month). $200K is the substantial-income tier (one funded account producing $8,000+/month). Most traders successfully running $100K accounts naturally scale to $200K over 12-18 months as they build verified track record. $200K isn't structurally harder than $100K — it's the next progression step.
Can I use EAs on $100K challenges?
Depends on the firm. FundedNext, FTMO, FundingPips, CTI, FTP, E8 Markets, Apex, and MFFU all allow EAs (with disclosure or specific conditions where required). Always verify the firm's specific EA policy before purchasing — some firms have HFT or copy-trading restrictions even when EAs are technically allowed.
How long should I trade a $100K funded account before scaling?
90-120 days minimum. Longer than the 60-90 days recommended at smaller sizes because the capital commitment is meaningfully higher. You want substantial verification of the firm's operational standards at $100K specifically before committing to $200K+ at the same firm.
Should I run multiple $100K accounts at the same firm?
Yes at firms structured for it — particularly Apex Trader Funding, where multi-account stacking is a core strategic feature. Probably not at firms structured around single-account relationships — running multiple $100K accounts at FundedNext or FTMO without explicit firm encouragement can trigger copy-trading violations even when you're trading independently.
Should I run $100K at multiple different firms?
Yes — this is the recommended structure at primary-income tier. Running $100K at 2-3 firms diversifies firm-specific operational risk and protects your income stream against any single firm's operational issues. A trader with $100K at three firms has $300K total funded exposure with no single firm representing more than 33% of their prop trading book. See our multi-firm portfolio guide.
Are $100K challenges harder to pass than smaller accounts?
Same rule structures, higher emotional stakes. Profit targets, drawdown limits, and execution requirements are typically identical on $100K vs $50K accounts at the same firm. What changes is the dollar exposure ($1,000 risk per 1% position at $100K vs $500 at $50K) and the psychological response to position sizing. Many traders find $100K challenges easier than $50K because position sizes feel "right" for serious trading rather than "too small."
Where do I find the AI Challenge Finder for $100K?
PFC's AI Challenge Finder lets you specify your preferred account size (including $100K) as part of the 2-minute questionnaire. The tool returns a personalised top-3 ranked match against the full firm database with applicable discounts incorporated.
Last updated: 6 June 2026. Pricing and rules across the prop firm industry change frequently. Always verify current details on the official firm websites or PFC's live comparison tool before purchasing.
Risk disclaimer: Trading involves substantial risk of loss. Past performance is not indicative of future results. The information in this article is for educational purposes only and is not investment advice.