The reason to post it was that a ff memeber asked for the trading idea,And i was think that it could help more members i posted,but you know what?NO problema,.i deleted, .Solved
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prop firm new model - my trading journey 871 replies
Anyone trading with a Prop firm 2 replies
So I accepted a Prop Trading job in South Beach Miami 43 replies
DislikedGuys the Traders central fund white label factory is getting out of hand. I hope pipmaster et al will consider a blanket black list for this firm and its affiliates. Its disgusting behavior. How the f..... would a firm who can only afford 5k for an out of the box solution afford to put up capital to fund traders. These are firms built to take your fees, nothing else.Ignored
DislikedGuys the Traders central fund white label factory is getting out of hand. I hope pipmaster et al will consider a blanket black list for this firm and its affiliates. Its disgusting behavior. How the f..... would a firm who can only afford 5k for an out of the box solution afford to put up capital to fund traders. These are firms built to take your fees, nothing else.Ignored
DislikedI am ok with FTMO's model because they definitely execute some trades. I don't expect people to execute the trades of someone who passed with a high risk coinflip. I don't like Funding talent's model because they keep lying about it. On one hand says they dont execute anything (in court) then when they get backlash say "oh no we execute some" whilst at the same time saying anyone executing is breaking laws. Just unprofessional overall. I am confident MFF are executing after conversations with them and fxpig. I dont care if they execute everyones,...Ignored
Disliked{quote} surprised? the binary option cash cow had to go, been banned most places/regulators. this new "prop trading" industry ( there is a good reason frot he quote mark) is basically filling up the void. there is lots of parallel too, shady biz, deliberate lies, masked up information, and a similar 60-80% payout for the 'winners'. when the nigerians jumping on the bandwagon with 1k demo for 300$ challenge, you know that the end isnt far probably. the "Ghaney Affidavit" was largely ignored, still too many starry eyed noobs lining up to understand...Ignored
DislikedI really only intended to use these firms until my personal account is large enough where the monthly profits meet my monetary goals. Unfortunately, that will take 300-400K. If/when I get there, the dilemma becomes why would I want to park that money at a broker, when I can make 70%/50%/85% and not have a dime of my own at risk. I'll cross that when I get to it, but I truly can't see ever having to put a dime of my own money at risk EVER AGAIN.Ignored
Disliked{quote} Eventually you might get to the point where you park some of the profit in a quality broker. Certainly can’t park excess profit in a bank, you get next to nothing. In any case I have no doubt that even if the current Prop Firm offerings disappear, firstly its going to take some time and secondly there will be many new entrants to follow. Good trading whichever way you choose to go, Masterrmind ........Ignored
DislikedPersonally for me fiding the personal account prop firm is good idea to be used, in other hand these is said before but i will repeat, i have 2 reasons for wich i think that these busines model will last: 1. Home (ftmo) never loses; 2. As soon as you have refund the payment you don't have what to lose even if they dissapere;Ignored
Disliked2. As soon as you have refund the payment you don't have what to lose even if they dissapere;Ignored
Disliked{quote} This here is the point most people can't just understand. As a trader it is great to think long term and plan for the future, but I also think it is seriously detrimental to ignore the potential of gaining short term rewards if the risk can be managed. Every successful scalper would know this. Why would I be so worried about if a prop firm would still be here in 2023 when I could collect a refund of my fees in one month, be free of any financial risk and then earn a good amount of money over the next 6 months? How would I have lost anything...Ignored
Disliked{quote} Hi Mastermind I made a post here about the lack of chart history for all but 2 instruments. https://www.forexfactory.com/thread/...6#post13511796 Does this aspect not concern you that they are only offering 12 months data for most instruments ? I am really shocked by it and surprised this hasn't been mentioned before. Poor quality brokers used to do this many years ago and charge for more chart history.Ignored
Disliked{quote} I don't have this issue with limited data on the FTMO feed. Using MT4 or MT5 I have data on the pairs I trade all the way back to 2000 so it doesn't impact me. Cryptos only 12 months so if you mainly trade these do your analysis on TradingView or better platform. cTrader the data provided is indeed less but I use another platform for analysis if required such as Trading View or Optuma etc. In any case unless you are running an EA that requires bucket loads of historical data then 12 months is usually sufficient for a manual day trader approach....Ignored
Disliked{quote} Hi Mastermind I made a post here about the lack of chart history for all but 2 instruments. https://www.forexfactory.com/thread/...6#post13511796 Does this aspect not concern you that they are only offering 12 months data for most instruments ? I am really shocked by it and surprised this hasn't been mentioned before. Poor quality brokers used to do this many years ago and charge for more chart history.Ignored