Anyone who suggests a prop firm should reveal details of their business model is a fool. Those details are proprietary information. Prop firms have competition from other prop firms. Suppose prop firm #1 says they have a success rate of 6.3%, or they have 755 funded traders, or their average funded account lasts 4.5 months, or whatever. What do you think prop firm #2 is going to do with that information? I'll tell you -- they'd use it as a baseball bat against prop firm #1. For the same reason a profitable trader doesn't reveal details of their trading strategy, a business doesn't reveal details of their internal workings. If FTMO were too transparent that's when I would be skeptical because (a) either they'd be lying, or (b) they'd be fools.
The guys who insist on knowing the inner workings aren't really traders. It wouldn't make any difference if FTMO provided more details -- they would still ask for more. These are the same guys who ask for TEs, proof of this, proof of that. They're just looking for a guarantee -- thinking if you pull your pants down and bend over the more they can see then the greater their chance of success -- as if a prop firm's inner workings has any affect on their trading skill. And if you won't bend over, then they label you a scammer and use it as an excuse not to take a risk. Which is really what it comes down to. They're afraid, and they're looking for an excuse to justify their fear. Nearly 6000 posts of positive experiences, and they're still afraid...
EDIT: FF used to be a nice escape -- a place to browse, learn a little, share a little, discuss a little, argue a little. But no more. It's dominated by whiners and it's discouraging to listen to grown men cry, especially when you consider the times we currently live in...
EDIT: The whiners claim they need additional information -- they need to know. However, the information has already been provided dozens of times in this thread. So, in addition to being afraid, they are also lazy. And they don't give a damn that they're subjecting serious followers to the same questions, concerns, drivel we've already been subjected to dozens of times already.
The guys who insist on knowing the inner workings aren't really traders. It wouldn't make any difference if FTMO provided more details -- they would still ask for more. These are the same guys who ask for TEs, proof of this, proof of that. They're just looking for a guarantee -- thinking if you pull your pants down and bend over the more they can see then the greater their chance of success -- as if a prop firm's inner workings has any affect on their trading skill. And if you won't bend over, then they label you a scammer and use it as an excuse not to take a risk. Which is really what it comes down to. They're afraid, and they're looking for an excuse to justify their fear. Nearly 6000 posts of positive experiences, and they're still afraid...
EDIT: FF used to be a nice escape -- a place to browse, learn a little, share a little, discuss a little, argue a little. But no more. It's dominated by whiners and it's discouraging to listen to grown men cry, especially when you consider the times we currently live in...
EDIT: The whiners claim they need additional information -- they need to know. However, the information has already been provided dozens of times in this thread. So, in addition to being afraid, they are also lazy. And they don't give a damn that they're subjecting serious followers to the same questions, concerns, drivel we've already been subjected to dozens of times already.
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