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a.1) Who is trader2B?

  • Since 2006, trader2b has been helping traders realize and achieve their financial goals. Our mission is to build the largest virtual trading floor in the world, achieving our goals by helping others achieve theirs. We help traders achieve financial freedom, trading from the comfort of their home by providing training, funding and coaching.


a.2) What is remote day trading?

  • Day trading is opening and closing of positions on the same day “No overnight positions”. The trading network is remote, and traders can have online access from all over the globe.


a.3) Am I eligible to be a trader? what if I live in Quebec?

  • Trader2B offers remote day trading which means that we are able to cater to traders from all over the globe who are of 18 years or older.

    Unfortunately, trader2B was advised that proprietary traders in Quebec must be regulated by the AMF.
    You can sign up here whenever you’re ready.


a.4) Which exchanges does Trader2b have access to?

  • You will have remote trading access to U.S. equities and securities from NASDAQ and New York Stock Exchange.

    Exchanges that capital market Wall Street players are using such as Goldman Sachs, S&P 500 and SEC’s

    For a list of the symbols that are being offered, please refer below:

    ToroChallenge Symbols List


a.5) Can I have more than one active account?

  • We understand that some traders may have their own trading strategies that require more than one account which we can accommodate, but within the rules such as no wash trading within the accounts.


a.6) What holidays affect my trading schedule?

  • Trader2B follows the same holiday schedule as the New York Stock Exchange (NYSE). Please click here for the list of the official holiday calendar.


a.7) What is the difference between ToroChallenge™, Live Evaluation & Pro Trader?

  • ToroChallenge™: traders must prove themselves through a simulation account, with no coaching.
    Live Evaluation: receive online courses along with one-on-one coaching sessions to guide you throughout the whole learning process.
    Pro/Funded Trader: traders that have proven themselves (passed) on the Live Evaluation or ToroChallenge™ and are eligible for payouts.


a.8) What is my goal at Trader2B?

  • The objective of any of the two programs (Toro or Live) that we offer is to your reach the profit target without breaking any rules. The profit target is the amount of net profit that needs to be achieved upon completion of any of the programs, in order to be considered for a Funded Live Account.


a.9) Can I trade TSX, Forex and Cryptocurrencies?

  • We are always listening to our traders to try and add more markets. For more questions please contact trading@trader2b.com


a.10) Which platform will I be using with Trader2B?

  • You will be using Haywood platform and Haywood Mobile.

    For more information please visit Haywood Trader


a.11) Is there a deposit required for my account?

  • There is no capital investment or risk deposit required.


a.12) Why does t2B allow for traders without experience to join their community?

  • We are looking for promising traders with a desire to succeed. Our philosophy is to invest in you to help you build on the talent you have to succeed. Beginner, intermediate and advanced traders are welcome to join the fast-growing trader2B community.


a.13) Can I have a Demo Account?

  • Yes. We offer a 14-day trial account with delayed market data. Traders engaging in this demo account will not be given the chance to be eligible for a funded live account because a demo account has delayed market data. Apply now!


a.14) Can we apply as a trading group or trading school?

  • Yes. We have the capital, technology, and infrastructure to accommodate sizable groups or schools.


a.15) What do you offer experienced day traders and groups?

  • Established traders and groups are provided:
    • Direct market access
    • Dark pool access
    • Customizable order routing
    • Higher payouts paid weekly
    • Automated trading availability
    • A state of the art trading desk
    • Competitive fees
    Please contact trading@trader2b.com if you have any questions.


a.16) Can I short trade or just long trade?

  • Yes, you can short stocks and ETF’s. We will provide the traders with a list of the most liquid symbols that can be short. But if the symbol you would like to trade is not in the list, please contact us and we will add it the list if it is available to short.


a.17) What are the platform requirements?

  • • 64-bit OS Windows 7
    • 8GB RAM
    • At least 1MBS internet connection
    • At least Windows 7
    • Preferably 2 screens


a.18) How can I improve my trading?

  • Trader2B offers a variety of resources to help develop your trading:

    • Log into the Dashboard and listen to one of the highly decorated veteran trader.

    • Watch videos in-depth and test yourself with questions based on what you learnt

    • Trader2Bs Coaches work one-on-one with traders to help them find market opportunities, review daily statistics, manage setbacks and progress in their trading.


a.19) Can I trade Forex, Options and Futures with Trader2B?

a.20) Do I need to be licensed to apply with you?

  • No, you don’t need a license to join, however only Quebec residents will not be able to trade because they might need to be licensed.


a.21) Why does my account status say ‘Closed Position Only’

  • There are two reasons why an account will be placed in ‘Closed Position Only’:

    • Traders have reached their Daily Max Loss during the day and are unable to execute trades for the remainder of the day, until the next trading day.
    • Sometimes a traders Total PnL will reach the Daily Max Loss momentarily which will change the account status to “Closed Position Only”. If the Open PnL brings your Total PnL under the Daily Max Loss, your account should be enabled automatically. If after a few minutes your account has not been enabled, please contact support@trader2b.com.

a.22) Can I use my own algorithms to trade with Trader2B?

  • Yes, we can provide traders to trade using their own algorithms, please contact us for the process and exchange approval for algo trading


b.1)What are the rules for ToroChallenge™?

  • Your account will be deemed ineligible to receive a Funded Live Account should you fail to respect the following rules:

    1. Execute at least 150 round trades.
    2. Trade only the allowable symbols, during market hours.
    3. Do not reach or exceed the Total Max Drawdown.
    4. Respect the Per Position Max Loss. If the position Open PnL exceeds the amount below, the Risk Management System will flat the positions automatically.

     

    Stock Price Range Max Loss Per Share
    $1.00 – $20.00 $0.20
    $20.01 – $30.00 $0.25
    $30.01 – $50.00 $0.30
    $50.01 – $70.00 $0.35
    $70.01 – $100.00 $0.45
    $100.01 – $160.00 $0.55
    $160.01 – $500.00 $0.65

     

     

    For Example:

    • Trader X bought 100 shares of FB @ $180.21. The market moved against Trader X and FB went down to $179.55 which equals to a loss of $0.66 and as a result is then flattened by the Risk Monitor System.

    You can always contact our support line by emailing trading@trader2b.com if you wish to discuss modifying the parameters to follow a specific strategy or system that you wish to experiment on and we will surely try to assist you with your preferences.


b.2) What does ‘Have a minimum of 150rt’ mean?

    • Buying a stock equals to one trade and selling a stock equals to another trade.
    • Simply put, having 300 trades is considered 150 round trades.

b.3) What is the Daily Max Loss?

  • Your Daily Total PNL cannot reach or exceed the Daily Loss Limit at any point during the trading day (9:30am – 4pm). If at any time your Total PNL does exceed this amount for your account, any open trading positions may be flattened, any pending orders may be canceled, and your account may be prevented from placing any new trades until the start of the next trading day (9:30am). The Daily Loss Limit is factored based on each trader’s Total PNL, which includes both unrealized and realized trade PNL values.

    For example, in a $100K ToroChallenge, the Daily Max Loss is $500. Therefore, if at any point during the trading day your Total PNL reaches or exceeds -$500, the Daily Max Loss is considered to be breached.

    You can reach the Daily Max Loss a maximum of two times within two consecutive trading days or three times during the enrollment.


b.4) What does Max Position Size mean?

  • The Max Position/Symbol is the maximum shares of one symbol position allowed. For example, if you have a Max Position of 300 shares, you can only trade up to 300 shares per symbol. You can trade multiple symbols at the same time.


b.5) If I reach the Max Drawdown, does my account automatically shutdown?

  • If your account balance from the trading report exceeds the Max Drawdown, your account’s buying power will be set to $0 until you reset your account.


b.6) How do I get started?

  • The first step is to sign up to the trader2B Dashboard and enroll in one of the ToroChallenge™ options. The ToroChallenge™ is a real-time, simulated trading system. You can test your strategy and prove to be profitable in the markets. You also must demonstrate you can manage risk and that our capital is safe in your hands. This is designed to ensure consistency and to get you to your ultimate goal of a Funded Live Account. If you meet the Profit Targets in the ToroChallenge™ without breaking a rule, your Funded Live Account will be waiting.

    Since the ToroChallenge™ is designed to allow you to learn from your mistakes in a safe environment, you may reset your account balance and rules at any point in the ToroChallenge™ for $100. (The Reset button is found on your dashboard.)

     


b.7) How can I review my trading performance?

  • Trader2B provides traders with MyMetrics, which is available from the Dashboard. This gives traders a detailed summary of their trading history to better analyze and improve.


b.8) Do I get a funded live account if I reach the profit target but not the 150 rt?

  • No. the reason being is that trader2B wants to ensure that traders can maintain consistency in their trades.


b.9) What will happen to my account balance when I renew?

  • Traders carry forward their account balances when they renew their account regardless if it was positive or negative.


b.10) When & what symbols can I trade in the ToroChallenge™?

  • Trader2B offers a real-life trading experience as a result, traders must trade within Open Market hours which are 9:30am – 4:00pm EST.

    You can find a list of the symbols we offer for the ToroChallengeTM traders here.


b.11) What is the max loss per share of a symbol?

  • Please refer to the t2B symbols reference table for the max loss per share of a symbol. It is the responsibility of the trader to monitor and implement their drawdown positions when the max loss is reached.


b.12) When and how will I get my credentials?

  • Once enrolled, you will receive an email containing the login credentials, the procedures, rules and a symbols list to get started with your ToroChallengeTM Account. Please contact trading@trader2b.com if you have any questions.


b.13) After proving myself, do I still have to pay the monthly Toro subscription?

  • Once you become a pro-trader, there will be no need to pay the monthly ToroChallengeTM subscription. The only monthly fee you will need to pay is $85 for the Haywood Trading Application plus professional market data.


b.14) Can I trade right after I get the email with my login credentials?

  • You will be able to log into your account once you get the email from the support team containing your username and password. However, you will not be able to execute trades until you follow the steps provided in the email to create your market data.


b.15) How long do I have to complete the ToroChallenge™?

  • We understand that not everyone has the same schedules and are not able to be active traders every day during market hours. Which is why there is no set time limit to complete the ToroChallenge. Traders usually become eligible for funding in 2 – 6 months or maybe even more depending on their personal lifestyles.


c.1) How do I get started with Live Evaluation?

  • The first step is to sign up to the trader2B Dashboard and enroll in one of the Live Evaluation options. You will go over all the online training videos, get on the path to trading success with one-on-one coaching and mentoring support. You can test your strategy and prove to be profitable in the real markets with funded live account.


c.2) What is the Evaluation Period?

  • Each trader must undergo an evaluation period upon signing with trader2B. Initial buying power is set at $25,000 with zero payout. Completion of the evaluation period is reached when the trader has made a minimum of 150 round trades and has earned a net profit of $1,000 or more. Graduates from the evaluation period are awarded greater buying power and a monthly profit.


c.3) How can I review my trading performance?

  • Trader2B provides traders with MyMetrics which is available from the Dashboard. This gives traders a detailed summary of their trading history to better analyze and improve.


c.4) What is the max loss per share of a symbol?

  • Please refer to the t2B symbols reference table for the max loss per share of a symbol. It is the responsibility of the trader to monitor and implement their drawdown positions when the max loss is reached.


c.5) What are the requirements for passing and becoming a profitable t2B trader?

  • Traders must complete 150 round trades or more AND achieve a net PNL of $1000+ to pass the evaluation period, and to receive a weekly payout.


c.6) Do I get a funded live account if I reach the profit target but not the 150rt?

  • No, the reason being is that trader2B wants to ensure that traders can maintain consistency.


c.7) Will I receive a payout during the evaluation period?

  • Once the evaluation period has been completed and is proven to be a successful trader, he/she is then eligible to receive payouts commencing from their Live-Funded trading account.


c.8) Will my Account Performance be carried on to the following month?

  • Yes. The number of shares traded as well as the amount remaining to reach the profit target will be pushed over to the following month, making it one step easier to be funded.


c.9) How long does it take to increase my buying power and share limits?

  • Buying power will be increased immediately following the evaluation period. Share limits may be increased anytime during the evaluation period and thereafter.


c.10) How does Trader2B evaluate my performance?

  • We use our proprietary analytics systems to evaluate trades and predict consistent performance. We keep in contact with each trader so that they can improve their trading strategies.


c.11) When & what symbols can I trade?

  • Trader2B offers a real-life trading experience as a result, traders must trade within Open Market hours which are 9:30am – 4:00pm EST.

    You can find a list of the symbols we offer in Live Evaluation traders here.


c.12) What is trading commission cost?

  • We fund our traders the lowest rates on the market. The commission for the transactions are $0.30/100 shares.


c.13) What is the max loss per day?

  • The max loss for new traders is at least $40.00 per day. Successful traders are awarded with max loss increases, up to $250.00. Once the max loss is reached, the individual’s account will be deactivated temporarily for the day.


c.14) What is the max loss per share of a symbol?

  • Please refer to the t2B symbol’s reference table for the max loss per share of a symbol. It is the responsibility of the trader to monitor and implement their positions drawdown when the max loss is reached.


c.15) Can I send orders with odd lots?

  • No. Traders must send orders with size multiples of 100 shares. If the order gets partially filled, individuals can send cover orders with odd lots.


d.1) How long does it take to increase my buying power and share limits?

  • Buying power will be increased immediately following the evaluation period. Share limits may be increased anytime during the evaluation period and thereafter.


d.2) What is the frequency of the payout and how is it made?

  • Trader2B makes payouts for the traded month on the 20th day of the following month. Payments are made through PayPal or bank wire transfer.


d.3) Does t2B pass the exchange rebates back to the trader?

  • Yes. Trader2B includes the exchange market rebates in the payout.


d.4) What is the Payout rate?

  • If traders make a profit of up to:
    • $1-$5,000 > keep 50%
    • $5,001-$10,000 >  keep 75%
    • $10,000 + > keep 90%


d.5) How much is Pro Market Data?

  • Professional market data will range from $80 – $300 depending on the amount of data the trader requires such as more markets, dark pools and exchanges.

    Pro market data will only be available for Pro/Funded Traders once they complete their ToroChallenge™ of Live Evaluation.


e.1) TeamViewer

  • We advise traders to download TeamViewer to allow the support team have access to a trader’s computer. This way our team of dedicated support representatives can work on your troubleshooting issues first-hand.


e.2) Why can’t I log in?

  • Normally traders don’t have any issues logging in to the platform. In the case that a trader has trouble logging in, it is usually due to the trader’s computer connection with the server. You will need you close the application and restart the computer to revive your connection to the servers.
    If you are still having trouble logging in, please contact our support team at trading@trader2b.com


e.3) Why aren’t I able to execute orders?

  • There are a few reasons why traders are not able to execute orders:
    • You didn’t assign a destination for your orders and executions.
    • You did not select the desired amount of positions to trade for the chosen symbol
    • Make sure the ‘Market Data’ and ‘Haywood’ connection is active (if not try closing the application and logging back in. Normally it’s because your computer missed a signal from the server)


e.4) Why is my Market Data not showing?

  • Trader’s market data subscription restarts at the end of every month for a small fee of 45$


e.5) Why aren’t I allowed to execute trades directly from the Chart?

  • The Chart trading functionality only works when you assign your Default Destination in the Settings Menu.


e.6) When flatting, what does “Insufficient Buying Power or Account Balance” mean ?

  • That means you have open orders on the market, please cancel open orders and then send order to close the position again.


e.7) Why isn’t the Haywood Trading Application turning on on my desktop?

  • Obtain the TeamViewer credentials from the trader and log on to their computer. Then verify the computers software settings and check if they have atleast 8gb of RAM and 64-bit. Next, check the Task Manager as verify if the computer is being used more than normal. Mostly likely the case but if not then check the internet connection.


e.8) Why isn’t my chart working?

  • Check the link of the chart if it responds from the internet browser. If not, clean the cookies


What are the main features of Haywood Trading Platform?

  • Chart Trading is a feature that allows you to execute trades directly from the chart. We try to make life easier by making trading easy.

    QuickTrade is also a feature which enables traders to trade with a simple click of either buy or sell, without having to stress over which button to press or not to press.

    For all other key features and benefits, please visit www.haywoodtrader.com/products


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Day Trader with trader2B