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  • #25,881
  • Nov 9, 2023 10:44pm Nov 9, 2023 10:44pm
Quoting josh1111
{quote} Thanks for the list. That AndrewNFX guy seems to be one of the Bad Ass Traders in the FX Prop Firm space. I was also interested in what he is having success with. I can't ID the other props either. I watched an interview with him and a Funded Engineer guy he and seemed to be getting paid out buy them still. I have a Funded Engineer Challenge right now and it definitely does not execute orders like an ICMarkets account. Much harder to scalp profitably. FX Props=Losing Hope Maybe Apex will be a winner. At least it seems like the price feeds...
yep there is a fixed slippage of at least 1pip on opening/closing a trade on all the props firms btw i have tried 7 or 8 of them. But its good if u aim for 10 or more pips. Thats what i do minimum target is 10 pips works for me. Also from these challenges my personal lesson learnt
1. For Phase 1/2 - directly go for 2-3% risk and target 1:2 RR (that's what i did with Skilled and My flash funding) worked.
If first is a loser go back to 1% or .5% to go back to breakeven. The reason being is buy multiple challenges at a time so i dont worry about if i lose 1. right away it reduces my mental pressure.
2. For funded never go beyond .5% per trade no matter how good the setup is and (Already lost one funded account with MFF coz followed the 1 step while trading that)

Plus always improve never make the same mistakes
My passing ratio so far without prop exp and coming with risky casino style trading....

First Attempt bought 5 x 100k accounts only 1 funded (Bespoke still there went to 5% drawdown and came back. Really close to get the first payout not a huge one only 1k) - these challenges took 4 days in total.
Second Attempt 3 x 200k (2 funded (1 already blown) and one lost in phase 2) - all done within 7 trading days.

I am also preparing something HUGE now. Will reveal by the end of the month.
Extreme gut feeling trader
  • #25,882
  • Nov 10, 2023 1:35am Nov 10, 2023 1:35am
Quoting montygoldy
question for everyone i got the list from andrewnfx twitter. Can anyone tell the full names of these firms. FE- Fundedengineer FN- Fundednext MFFx - My funded fx TFT - the funded traader DOnt know the rest...... {image}
Probably but not sure.
Lark funding
Unions wealth management
Alpha capital
Glow node
Funding pips
  • #25,883
  • Nov 10, 2023 1:38am Nov 10, 2023 1:38am
The two proposals for the judge in the MFF case are out.

An interesting point is that the CFTC attorney, despite learning that a material amount of money was being misrepresented in the complaint on the 5th of september, still used that money in a misrepresented way on the 22nd in an argument. Also failed to inform the court of his mistake. The judge will not be happy with that.

CFTC is going for more money than exists in MFF accounts as disgorgement and MFF is saying the injunction needs to be tossed but if its not tossed they are happy to freeze 12 million till trial.

Judge is already leaning MFF side so likely one of those two options are most likely. I dont see cftc getting what they are proposing as there were no complaints and still a large number of people who financially benefited from the trading activity of MFF.

Also, with some light reading on the toilet, I would say that asking for the 150m to the judge was a mistake given the circumstances.
  • #25,884
  • Nov 10, 2023 2:32am Nov 10, 2023 2:32am
Profit Manager Thread started :


https://www.forexfactory.com/thread/...3#post14649713
I will succeed Not immediately... but definitely
  • #25,885
  • Nov 10, 2023 3:08am Nov 10, 2023 3:08am
Quoting Phoenix-
Profit Manager Thread started : https://www.forexfactory.com/thread/...3#post14649713
i smell commercial member intentions
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #25,886
  • Nov 10, 2023 3:11am Nov 10, 2023 3:11am
Quoting Soros
{quote} i smell commercial member intentions
no any way
just to help each other to make profit
I will succeed Not immediately... but definitely
  • #25,887
  • Nov 10, 2023 3:25am Nov 10, 2023 3:25am
Quoting TrAndy1
Anyone here who already paid taxes on his prop firm gains for the year 2022 ? I did started more in 2023 so I cannot tell my experience. I would like to know if you had to pay sales tax or turnover tax on your profit split in addition of income taxes ? Because others say on financial transactions there is no sales tax to be paid on tax authorities. So what was reality for you then ?
I doubt you will have a definitive response, except from someone living in your country.

In my case I paid taxes as contactor. For tax services I'm a normal consultant for financial markets and my remuneration is the profit split I received.
Challenge fees could be expenses but I'm avoiding it because I know this will be to auditing and troubles with tax services.
  • #25,888
  • Nov 10, 2023 3:32am Nov 10, 2023 3:32am
Quoting felinex
{quote} Hi MxIRTC , these are a couple of opinions about FTUK : https://www.forexfactory.com/thread/...9#post14629129 https://www.forexfactory.com/thread/...4#post14465284 https://www.forexfactory.com/thread/...4#post14462784 Also FTUK uses the trailing Drawdown , which is not a good thing.
I think they changed recently to static DD
  • #25,889
  • Nov 10, 2023 3:48am Nov 10, 2023 3:48am
Quoting Cryptosurf
{quote} I was looking at the 10 Year Treasury last week as it intrigued me since others were talking about how smooth it moves compared to Indicies. Contract price is $15.625 for every 5 points. {image}
That's because they still trade in the old fashioned way on 1/16, 1/32 and 1/64 intervals, depending on the contract.

I don't know about MT4/5 linked to AMP but Interactive Brokers still allow us to enter values for treasuries either in decimal or in fractions. When trading them I found myself like if I was still in the 90s, entering orders for stocks in fractions.

And yes, the movement is very smooth most of the time, you may even fall asleep trading them, but during news or speeches it seems a patient with a tachycardia.
  • #25,890
  • Nov 10, 2023 3:54am Nov 10, 2023 3:54am
For what I'm reading in twitter I have a concern regarding future props.

We may be considered professionals and this would radically change the fees that we would have to pay to CME.

One may say that we don't trade real money but in MFF all was videogame and still there is a legal case.

Knowing that we sign a contract as independent contractor to trade (either simulated or realized), this may open the door for CME to demand Apex and others to charge us pro fees.

Let's see if they don't fck up also the futures side of the industry.

Takisd do you have any take on this ?
  • #25,891
  • Edited 4:51am Nov 10, 2023 4:08am | Edited 4:51am
Quoting Capablanca
For what I'm reading in twitter I have a concern regarding future props. We may be considered professionals and this would radically change the fees that we would have to pay to CME. One may say that we don't trade real money but in MFF all was videogame and still there is a legal case. Knowing that we sign a contract as independent contractor to trade (either simulated or realized), this may open the door for CME to demand Apex and others to charge us pro fees. Let's see if they don't fck up also the futures side of the industry. Takisd...
The future props are saying you can opt between non-pro or pro fees. So basically you are considered as non-pro when you join them. But again as I already told here I find this view problematic. But I hope the best. Otherwise Apex and all the other Future props would be way more expensive to join.
  • #25,892
  • Nov 10, 2023 4:10am Nov 10, 2023 4:10am
Quoting Capablanca
For what I'm reading in twitter I have a concern regarding future props. We may be considered professionals and this would radically change the fees that we would have to pay to CME. One may say that we don't trade real money but in MFF all was videogame and still there is a legal case. Knowing that we sign a contract as independent contractor to trade (either simulated or realized), this may open the door for CME to demand Apex and others to charge us pro fees. Let's see if they don't fck up also the futures side of the industry. Takisd...
Attached Image (click to enlarge)
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https://help.earn2trade.com/en/artic...vesim-accounts
  • #25,893
  • Nov 10, 2023 4:53am Nov 10, 2023 4:53am
Quoting Capablanca
For what I'm reading in twitter I have a concern regarding future props. We may be considered professionals and this would radically change the fees that we would have to pay to CME. One may say that we don't trade real money but in MFF all was videogame and still there is a legal case. Knowing that we sign a contract as independent contractor to trade (either simulated or realized), this may open the door for CME to demand Apex and others to charge us pro fees. Let's see if they don't fck up also the futures side of the industry. Takisd...
My opinion is that if jurisdiction is proven in the MFF case, all are screwed including futures props.

The CFTC clearly does not want registration, they want demolition so if one goes, all will go regardless of product. But it looks to me MFF will get a positive result and so likely in speaking with the CFTC they will come up with some registration and MFF will likely be in the drivers seat on what that looks like.
  • #25,894
  • Nov 10, 2023 5:35am Nov 10, 2023 5:35am
These words in gods ears. I mean in the judge ones. A judge that has the whole future of an industry in his hands. Soon there will be a decision, in a matter of days...
  • #25,895
  • Nov 10, 2023 6:15am Nov 10, 2023 6:15am
Quoting Capablanca
{quote} Challenge fees could be expenses but I'm avoiding it because I know this will be to auditing and troubles with tax services.
Exactly. Very smart. Sometimes it is better to give up certain rights so as not to be put in compromising situations
  • #25,896
  • Nov 10, 2023 6:34am Nov 10, 2023 6:34am
Guys, with all due respect, you are just assuming the worse in any situation.
Futures trading is just a niche and future props is a niche in a niche. No one cares if a tiny tiny minority of traders can make money with them. You are among the top 1% here for many of you but you forget that trading is very difficult for the very vast majority of prople and they lose their hard earned money.

And I don't think the regulators are thinking of stopping people from making money. They just focus on the majority of traders and those lose their money and then complain to them. I don't believe there are some rich people who say "oh there are a few "poor" people who are going to make money and become rich almost like us, please stop them". They are in another galaxy in term of wealth making billions of dollars out of Covid crisis and working to shape the future of humanity instead of worrying about money like us.

If you know how to trade, it means you have worked very hard and for many years to achieve this talent, and believe me, you will always be able to make money with it and have a comfortable life. But you will never become a threat for the powerful guys or be anywhere close to them...
Don't give up on your dreams. Keep sleeping.
  • #25,897
  • Nov 10, 2023 7:06am Nov 10, 2023 7:06am
My levels ready for today 10th Nov on E-Mini S&P500 - ESZ3

I expect a daily high in 4389 area up to 4399, a daily low at 4344 area up to 4329

Higher resistance 4439, lower support 4314.

Have a nice trading day.
in holiday till end of November
  • #25,898
  • Nov 10, 2023 7:08am Nov 10, 2023 7:08am
Quoting montygoldy
question for everyone i got the list from andrewnfx twitter. Can anyone tell the full names of these firms. FE- Fundedengineer FN- Fundednext MFFx - My funded fx TFT - the funded traader DOnt know the rest...... {image}
and what is that page? how he can group different firms? which website he use to group statistics?
in holiday till end of November
  • #25,899
  • Nov 10, 2023 7:15am Nov 10, 2023 7:15am
Quoting forexbali
{quote} and what is that page? how he can group different firms? which website he use to group statistics?
tradingzella i guess.
Extreme gut feeling trader
  • #25,900
  • Nov 10, 2023 7:38am Nov 10, 2023 7:38am
A friend funded with Topstep says there is a sale *tomorrow* on $50k accounts ($11). It was announced recently in a TopStep TV session. The catch is you must be signed up on their email to receive the code. Don't know if that is absolutely required, maybe the code will be generic and can be used by all. I am not associated with Topstep, just passing along info.

Tech question for you guys who are good with Tech. Can I copy an Apex Tradovate account to a TopStep Tradovate account? If yes, must it be funded account only, or can it be done with Eval accounts? Please reply with the how-to in simple terms because that's the only way I will get it. Thank you.
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