LMI prop - account types review. Opinions wanted.

#1
I want to try myself in futures trading. Don't want to invest too much form the very beginning and I think that trading with a prop firm can be a good start to test the skills with a moderate risk. Demo is good, but not the same as trading when you actually risk something.
LMI (Liberty Markets Investments) looks good enough, I've heard some good reviews about it from the traders that have started their career there but later moved on to trade with their own capital.
I'd really appreciate some help with choosing the account type that has the best conditions. I mean the price of the practice : trading conditions ratio. All accounts have different max drawdowns, profit targets and price.
There must be some mathematical method to understand which accounts gives better chances to win a funded account. Any ideas?
 
#2
They hire noobs?
 
#3
I want to try myself in futures trading. Don't want to invest too much form the very beginning and I think that trading with a prop firm can be a good start to test the skills with a moderate risk. Demo is good, but not the same as trading when you actually risk something.
LMI (Liberty Markets Investments) looks good enough, I've heard some good reviews about it from the traders that have started their career there but later moved on to trade with their own capital.
I'd really appreciate some help with choosing the account type that has the best conditions. I mean the price of the practice : trading conditions ratio. All accounts have different max drawdowns, profit targets and price.
There must be some mathematical method to understand which accounts gives better chances to win a funded account. Any ideas?
That probably should depend on your trading style.
And you can always start with the cheapest account simply to test all the conditions and understand whether LMI is actually worth any attention at all.
 
#4
The mini account has got only $500 max drawdown allowed, which is very little for futures. IMO that's a meat grinder for traders.
Intuitively, 50k or 30k accounts looks more or less fair, but I'm afraid I'm missing something here. There must be some reliable scientific method to calculate the risk:reward ratio for this particular problem.
Ideas, anybody?
 

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