Jack Schwager joins Michael Martin to discuss his new venture with FundSeeder.
There are some great free tools there that are of great value to a new trader. What I like about what I’ve seen so far, is that it helps the newer trader focus on what’s important…managing your equity curve.
FundSeeder is great for helping you build a legit track record. You can get ranked as well to see how your strategy ranks against other traders.
Here is a video on how FundSeeder works:
FundSeeder will help you along and get licensed when after you’ve shown some promise and you have a good shot at raising equity – they will work with you accordingly. Not everyone will get to this point, however, if you don’t start out with the best resources, it is fantastically difficult to play “catch-up ball” in trading.
Even rank amateurs and trading moonlighters will find the tools useful.
During the interview, Jack and I discussed reporting of returns (VAMI Calculations) if you are registered with the NFA as either CTA or CPO. If you are interested in that sort of thing, here are a few links that you’ll find useful, both courtesy of the National Futures Association:
Hedge Fund Market Wizards
Market Sense and Nonsense