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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

Attachments: Prop Firm Hub
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Prop Firm Hub

Quoting 1odi
{quote} u don t pay taxes on ur crypto withdra?
In my country, from fiscal perspective what matters is the nature of the income (prop trading income) and not how is that paid.
So, in other words, the tax is the same no matter if I receive in EUR, USD, USDT or in water bottles (I would have to define the EUR market value equivalent to those water bottles, of course).
And I don't pay when withdrawing. I only pay after submitting my anual IRS declaration with all my income on it. They make the calculations and send me the liquidation note informing me how much they stole from me I have to pay.
Quoting genuine007
i am little bit in hurry now because i really need big payout from some big funded account my feeling saying to me just buy a new challenge account somewhat from a new prop firm and do trading on that but.. as i don't have money to buy any new challenge
Quoting genuine007
i am in little hurry and risking daily loss limit as i have big debt which i am paying in monthly installment every month
Quoting genuine007
as now i am fully dependent on this trading alone, no job and no side income
-Stop trading. Would be my advice. If you are hurting for cash, pushing for big wins etc., then you are bound to go bust and be worse-off as you were before you even started. Work a regular job for a while. Save up some money. Do not consider trading until you can comfortably afford to do so. There are ways to deal with debt, but gambling what little bit that you have left is not a good approach in my opinion.
Quoting Takisd
Hahah miss MFF yet? seems it, everyday is drama with the prop firms currently in the market. Ftmo laughing all the way to the virtual funds bank. also I’ll take this chance to further express the funding pips ceo is a clown in the biggest circus
No.
Inserted Video

RIP MFF.
Another week without MFF. Prop firm industry is better, more transparent, more promotion.
Quoting Tim_isoara
{quote} No. https://youtu.be/wTkLLQjgoEU?si=xbTPQy0_aKwqUcMg RIP MFF. Another week without MFF. Prop firm industry is better, more transparent, more promotion.
The serpent's head is severed but the body is still wiggling.
Guys look at this, Tools4brokers now offers solution for prop trading firms, so we will see some brokers in the future having their prop firms
Quoting OutThere
{quote} The serpent's head is severed but the body is still wiggling.
No. He let his body to pay. The head of the snake flees. He doesn't like prison.
Quoting DeltaCapital
Guys look at this, Tools4brokers now offers solution for prop trading firms, so we will see some brokers in the future having their prop firms
Used to work with them and the experience was not very good.
Trolls hunt in packs. Amazing.

People got me curious about brokers with leverage for offshore US and EU citizens. I asked a round, came up with a short list I am going to take a look at and treat as a prop firm account for fun.

As mentioned previously, until the MFF case is over and we know what shit storm is behind it, no prop accounts for me. Telegram and twitter goings on is only further confirming that a shit storm is coming.
Quoting Takisd
Trolls hunt in packs. Amazing. People got me curious about brokers with leverage for offshore US and EU citizens. I asked a round, came up with a short list I am going to take a look at and treat as a prop firm account for fun. As mentioned previously, until the MFF case is over and we know what shit storm is behind it, no prop accounts for me. Telegram and twitter goings on is only further confirming that a shit storm is coming.
I'd be curious to see your list once you've had a chance to test them. Is Coinexx on it?
Quoting AaronPriest
{quote} I'd be curious to see your list once you've had a chance to test them. Is Coinexx on it?
No but I will add it.

I won't release any names until I test them. I try to avoid crypto as much as possible but if i have to.....
Quoting AaronPriest
{quote} I'd be curious to see your list once you've had a chance to test them. Is Coinexx on it?
Tradersway, by far, is the best option. I have used them for 9 years without issue. They do not onboard NEW customers from the US though. Since last couple of years I believe. I have used LQDFX, Coinexx, FXChoice, EagleFX as well.
Quoting pipmaster77
{quote} Tradersway, by far, is the best option. I have used them for 9 years without issue. They do not onboard NEW customers from the US though. Since last couple of years I believe. I have used LQDFX, Coinexx, FXChoice, EagleFX as well.
I have a TradersWay login and used a demo there for many years, sadly I did not actually fund an account and now I can't. So it's not just new customers, it's new accounts apparently.
Quoting fxbarwise
Does anyone have experience with Lux Trading. They claim that they have all their funded traders on A-book only, trading real money not demo. I have signed up for a demo account on their Lux Trader platform which is a custom version of Tradingview. Their 1 minute time frame feed has been up and down (down mostly) for the last couple of days. They say they are working on the problem but have not been able to fix it. I would not be comfortable buying an evaluation account if they cannot fix an issue like this on their platform. Is anyone here a funded...
not recommended...
Quoting Takisd
Trolls hunt in packs. Amazing. People got me curious about brokers with leverage for offshore US and EU citizens. I asked a round, came up with a short list I am going to take a look at and treat as a prop firm account for fun. As mentioned previously, until the MFF case is over and we know what shit storm is behind it, no prop accounts for me. Telegram and twitter goings on is only further confirming that a shit storm is coming.
Business us usual. No prop accounts in the past, no prop accounts now. You can have a broker account, you don't need to pass a challenge.
Just out of curiosity. These prop trading companies like FTMO will pay you out even if you're just looking to risk a massive gamble trade after getting, say, a 100k "funded" account?

Let's say I then place a single trade, risk the allowed -5% per day (-1R) and time the start of a massive trending day correctly and i am at +50% (+10R) 8 hours later. I stop and request a withdrawal of this winnings.

At 100k that would mean 40k (minus the 20%) that stays with FTMO. What is the catch?
Quoting lddd
Just out of curiosity. These prop trading companies like FTMO will pay you out even if you're just looking to risk a massive gamble trade after getting, say, a 100k "funded" account? Let's say I then place a single trade, risk the allowed -5% per day (-1R) and time the start of a massive trending day correctly and i am at +50% (+10R) 8 hours later. I stop and request a withdrawal of this winnings. At 100k that would mean 40k (minus the 20%) that stays with FTMO. What is the catch?
Please show me a single (seriouse and tradable) instrument that can make 50 % in one day...??? What are you talking about?
Quoting pipmaster77
I have used LQDFX, Coinexx, FXChoice, EagleFX as well.
-Indeed. There are others, as well, but I won't mention them here. Coinexx used to be better than it is now.
Quoting doyathink
{quote} not recommended...
can you elaborate a bit ?
Quoting Alesamo
Please show me a single (seriouse and tradable) instrument that can make 50 % in one day...??? What are you talking about?
-Probably, this would depend on what your definition of serious is. Risk is subjective, of course, but flipping an account in a day is very possible.
Quoting Alesamo
{quote} Please show me a single (seriouse and tradable) instrument that can make 50 % in one day...??? What are you talking about?
He's saying if he timed a move perfectly. Let's say 50 lots of EURUSD ($500/pip) with a 10 pip stop and it runs for 100 pips. Profit would be 50K, 80% split gets you 40K. It is not the instrument, it is the size of the trade.
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