DislikedI am still in the research phase. There are many scams. And others that don't seem to be scams, but that have a lot of stupid rules.Ignored
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Twitch Journal - Live Journal 4 replies
Another Trading Journal - Yuhu's Journal 16 replies
My Personal journal up 18% in 2 months going to start a journal 8 replies
Newbie Factory Journal 12 replies
Trading Diary/Journal 5 replies
DislikedI am still in the research phase. There are many scams. And others that don't seem to be scams, but that have a lot of stupid rules.Ignored
DislikedBluFX also has no tests. Only subscribe and trade. Do you know anything about them?Ignored
DislikedDon't get me wrong but can you explain to me why you even bother going with a prop program that pays you 10% of your profits? I mean, if you go with a 10K account, after hard working towards 10% profit (you'd make a decent 1K profit) you get paid 100$ ???? Mate you can make those same 100$ on your own 1K account by yourself, so why bother??? and on top of that you pay a monthly fee! Those brilliant minds behind such programs are either joking or they must really believe they'll find retail traders that are complete twads !!! Or am I missing something...Ignored
Disliked{quote} you will end pay fees for them... they offer 1:3 leverage only.. every pair has max lot you can trade ... you can't trade any time you want .. you can't pay monthly fees from profits .. sometimes their customers service can be rude ... not so greatIgnored
Disliked{quote} 249 GBP / monthly (approximately 335 USD) for an account of 50,000 USD. Profit split 50/50 The minimum profit for making a withdrawal is 5% ($ 2,500) which after the profit split the trader has $ 1,250. This can pay almost 4 monthly fees. So despite the rules and low leverage, if the trader manages to make at least 5% in 2 months it will be worth it.Ignored
DislikedI understand what you mean, I guess such low pay out is the trade-off of being able to just join and start trading without having to pass any challenge. but from a pure profit split perspective it's ludicrous. Anyway, thanks for clarifying your point-of-view, which I didn't consider and is very valid. Good luck and many profits!Ignored
Disliked{quote} low payout with Myforexfunds is not great but that firm is good for long-term .. but if you just planning to withdraw from that 10k account then will not be effective i prefer to use my weekly bonus for increase my account size not for withdraw it.. don't forget even if you get access to real account with 1000$ real funds still 12% max drawdown apply so you have only 120$ to trade it... but what i really want is try to use my bi-weekly bonus for increase my account size until reach to 100k size so i can achieve 100$ to 150$ monthly with...Ignored
Disliked{quote} Jscave, does MFF have any group where you can meet other members? Just to be certain they are paying out from a first hand experienceIgnored
Disliked{quote} Honestly it's depending on your strategy if your strategy suitable with them then great .. just don't forget they have lot size limit for each pair for example at 50k max size for eur/usd is 0.94 if i remember correctlyIgnored
Disliked{quote} With 0.94 lots on EURUSD, 10 pips are worth approximately $ 95. 35 pips ~ $ 330 (this already pays a monthly fee for the Pro account). High leverage can make you big profits in a short time, but also big losses and easily breach the drawdown limit. Experiment with 0.94 lots on EURSUSD, a few minutes after opening the position the P/L has already passed $100. {image}Ignored
DislikedBelieve that or not. But i couldn't resist to try fidelcrest .. i registered before and was have 95$ as bonus but i never used it. Today i was check and i found 5000$ account available for 99$ . So i couldn't resist to pay 4$ for try .. i need to bring pen and paper and make list with all their rules . {image}Ignored