DislikedVWAP ... This resolves the profile issue, as it simulates real life liquidity.Ignored
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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
DislikedVWAP ... This resolves the profile issue, as it simulates real life liquidity.Ignored
Disliked{quote}-Disclosures are good. So is transparency, annual auditing etc.. But what we deem as appropriate is moot and nothing close to reality, unfortunately.Ignored
Dislikeddoes anyone knows something about the Trading Pit, or the FxFlat Broker? I löst a challage but it was porly my stupid fault. I thought that the daily Max dd Was important during the daytrading and the Max dd only at the end of the day. Now with all this Bad News about proptrader I wonder if it is a good idiee to start a new challageIgnored
Disliked{quote} nếu bạn muốn tham gia, trước hết hãy nghiên cứu về các điều khoản và điều kiện. Điều quan trọng nhất là tổn thất hàng ngày và tổn thất tối đa. Nếu bạn muốn luyện tập nhiều thời gian hơn, hãy đăng ký dùng thử miễn phí FTMO. Sau đó bạn có thể bước vàoIgnored
Disliked{quote} IMO the main problem is not if the traders order is A or B-booked. People also suffer that in brokers. The main problem is the execution slippage. Differentiate that according with the trading style is the difficult thing. Someone trading 50 lots has to have a different treatment from someone dealing with 0.1 lot. Or trading news, for example. It's difficult to do that even behind curtains (as we see in the internal conversations of MFF). I can't even imagine how this could be written in an official disclaimer, visible to everyone (and how...Ignored
Disliked{quote} That map will look very much different soon as most will be located off shore.Ignored
Disliked{quote} You get the same slippage issue also with ECN brokers depending on their top of book. Receiving the same slippage for a 50 lot order and 0.1 lot order would not reflect real live trading conditions. The biggest issue what I saw with MFF was the extreme spread widening during news and RO compared to most other props and real market conditions. They also probably put some markups and small slippage on most trades but that's not so significant as almost every b-booker does the same as well as place the clients under different trading conditions...Ignored
Disliked{quote} Moving offshore is definately something in consideration. One major problem on that move is bank accounts and credit card payments. It is almost impossible to get a bank account for any offshore company and therefore only option for payments is crypto.Ignored
Disliked{quote} the slippage stuff we already know from the evidence it was volume based starting at 5 lots. you are of the same mind as me, if MFF goes down whole industry goes downIgnored
Disliked{quote} I think that MFF will go down because of this: 150. Each instance of soliciting or accepting orders in a retail forex transaction, including but not limited to those specifically alleged herein, is alleged as a separate and distinct violations of 7 U.S.C. § 2(c)(2)(C)(iii)(I)(aa) and 17 C.F.R. § 5.3(a)(6)(ii). Count V: Off-Exchange Retail Commodity Transactions in Violation of Section 4(a) of the Act, 7 U.S.C. § 6(a) This could keep the door open for currently licensed operators in US for offering prop accounts.Ignored
Disliked{quote} if you want to step in, first of all study about terms and conditions. The most important thing is daily loss and maximum loss. If you want to practise more time, sign up with FTMO free trial. Then you can step inIgnored
Disliked{quote} there is a pretty solid argument on both sides of this. But the classification of the funds will determine the result. If the classification is that prop purchases are investments in custodian then not just MFF dies. All die. Because then it’s reclassification regardless of a/b book as the b book or virtual funds would still be retail forex transactions. So licscenced broker dealers win and plot thickens. But I think it will settle out without a stoppage of business. Purely due to resources required by cftc to actually get a conviction.Ignored
Disliked{quote} thanks for the Tipp. I will Check it out My reason for asked the Trading Pit is ... they have Website and all in german, my englisch is poorIgnored
Disliked{quote} You could be right. Does accepting an administrative fee make you a counter party in demo/virtual trades? Not a simple case in any way. The CA regulator has been very quiet. Are they having a different approach such as ponzi or is this a combined effort?Ignored
DislikedI found this article very interesting... https://mdfinancialskills.org/are-pr...rms-regulated/Ignored
DislikedI found this article very interesting... https://mdfinancialskills.org/are-pr...rms-regulated/Ignored
Disliked{quote} Good article. Noticed this in the law suite: 49. Traders Global is, and has been through the Relevant Period, counterparty to substantially all customer trades. Customers do not trade “live funds” against “multiple liquidity providers” nor do customers share in “trading profits,” as Traders Global claims. In reality, customers trade against Traders Global in an electronic trading environment that Traders Global controls. How can any of the traders be a counter party when you don't invest and trade your own funds? In B-book environment you...Ignored