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  • #32,501
  • Edited 7:19am Mar 4, 2024 6:57am | Edited 7:19am
Quoting TrAndy1
{quote} You understand nothing or do not want to understand anything. If you have not made your driver license you should not drive a Formula 1 car or Bugatti with 1000 PS. But it does not mean that such leverage should not exist, because you said there are so many dumbass traders who cannot trade at all. Your argument is NONSENSE!
It would be the equivalent of sitting down with your life savings at a poker table full of pros. Once again, accountability and self-dicipline are so lacking in this world.......hence the need for regulation. It truly is for those on the lower end of intelligence. Provide experienced, intelligent traders with leverage and they are more profitable....the un-intelligent are going to lose either way.
  • #32,502
  • Mar 4, 2024 7:03am Mar 4, 2024 7:03am
Quoting TrAndy1
{quote} There is another contradiction in your sentence. Anyone with wages doing his 9to5 job should not trade at all. Trading is a fulltime job. You either take it seriously doing it all day or forget it and just invest longterm. There is no in between like you wanted to say. If you loose you should not trade at all regardless of any leverage level. But you show you are on the side of regulators who wants to be regulated. You want lower leverage so you cannot loose that fast. But it is in everyone his own response what to do. Less freedom is no...
Must disagree here. How does one learn to trade if not doing it on the side while holding a 9 to 5? Quit you job and just proclaim "I am a full time trader now".
  • #32,503
  • Mar 4, 2024 7:27am Mar 4, 2024 7:27am
Quoting KarlKraus
Not only because futures are a transparent, honest market, exactly as pipmaster77 rightly says, but because the brokers are actually brokers, not counterparties, and they’re therefore on your side, rather than constantly looking for excuses not to pay you!!
Futures trading (in real brokers) are a transparent market, no doubt about it. Besides being centralized, you can audit all your orders/trades in the exchange.

Quoting KarlKraus
It’s much better, easier and safer to use futures than CFDs, and for that reason (among many others!)
It's not easier to trade futures when we're dealing with currency trades, IMO. It's really worse if we use curencly futures, both in liquidity, spreads, slippage and granularity (difficult to trade correctly 1.23 lots in futures, for example).

Quoting KarlKraus
in the context of this thread it’s FAR better to use futures funding companies than CFD ones. Honestly, this whole issue is such a no-brainer, to anyone who actually knows the facts.
Quoting Quickly
{quote} And (like so much else of what you post) that’s just completely wrong. What actually matters in the long run is whether it’s an honest, transparent market, how well regulated it is, and whether the "broker" is on your side or against you.
This is the jump you and Quickly are constantly doing which is not correct.

Why ? Because first you talk about futures with legit brokers (which is a legit and transparent business) and then you jump into saying that's why we should use futures funding.

Futures funding props are not brokers !

They are arcade games just like the CFDs arcade games. They are subject to the same tricks and scammers running them. They may find more difficulty to manipulate prices but all the rest is the same. Wait till we see the cowboys from CFDs coming to futures and it will be even more evident that futures funding is not the safe avenue you say.
  • #32,505
  • Mar 4, 2024 7:41am Mar 4, 2024 7:41am
Quoting TrAndy1
Hidden
All the chaos in this space and yet they keep coming....2 to 3 per day. Trying for that money grab before it's all over.
As everyone knows, I am 100% pro prop firm.
However, other than trading what you currently have, anyone purchasing new challenges with a new company needs their head examined. If regulation benefits anyone, it would be these folks who simply don't have a clue.
I woke up today and my firm will not let me trade, my trading platform is shut down and there are no payment processors to receive my money, but hey let me go grab one of those 50% off challeneges over there at Artic........what could go wrong?
  • #32,506
  • Mar 4, 2024 7:47am Mar 4, 2024 7:47am
Hi, guys, is it still possible to use Wise to withdraw payout at ACG?

Suppose the funded account made 1000 $ profit, the 'withdraw amount' is 1000 or 800(80% split)?
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  • #32,507
  • Mar 4, 2024 7:56am Mar 4, 2024 7:56am
Quoting ladder
Hi, guys, is it still possible to use Wise to withdraw payout at ACG? Suppose the funded account made 1000 $ profit, the 'withdraw amount' is 1000 or 800(80% split)? {image}
I can't answer about Wise because I was never able to withdraw using Wise but for the other question I can confrm that's the net amount. In your example it's $800.
They should be more clear about it in that form.
  • #32,508
  • Mar 4, 2024 9:05am Mar 4, 2024 9:05am
All prop getting competitive and TheTradingPit just got even less interesting
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  • #32,509
  • Mar 4, 2024 9:05am Mar 4, 2024 9:05am
Angelo and TFT revolutionizing the industry
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  • #32,510
  • Mar 4, 2024 9:13am Mar 4, 2024 9:13am
Quoting Capablanca
Angelo and TFT revolutionizing the industry {image}
That is one firm and one CEO I would love to see go down hard.
  • #32,511
  • Mar 4, 2024 9:23am Mar 4, 2024 9:23am
Quoting DeltaCapital
All prop getting competitive and TheTradingPit just got even less interesting {image}
The conditions get considerably worse. Is the challenge fee reduced accordingly?
  • #32,512
  • Mar 4, 2024 9:24am Mar 4, 2024 9:24am
Quoting pipmaster77
{quote} That is one firm and one CEO I would love to see go down hard.

Lol - there you have it: there are occasional things about which we all agree.
  • #32,513
  • Mar 4, 2024 9:25am Mar 4, 2024 9:25am
Which 3 prop firms are worth my money to buy a challenge?
Anything above the line is an uptrend, below the line is a downtrend.
  • #32,514
  • Mar 4, 2024 9:30am Mar 4, 2024 9:30am
Quoting ladder
{quote} The conditions get considerably worse. Is the challenge fee reduced accordingly?
They dont mention price reduction, so i was considering them as they on holidays they offer 30% or 40% off but now not even worth
  • #32,515
  • Mar 4, 2024 9:40am Mar 4, 2024 9:40am
Quoting Degolep
Which 3 prop firms are worth my money to buy a challenge?
For futures (better, safer, more honest): Tradeday, Topstep and Earn2Trade (no preferred order - all decent and reliable).

For CFDs (less good, less safe, less honest): 5%ers first, Lux second, and then maybe FTMO as third choice.

All personal opinion, obviously, just like all/any other replies.
  • #32,516
  • Mar 4, 2024 9:46am Mar 4, 2024 9:46am
Quoting Capablanca
{quote} People that make money trading futures deserve my most sincere appreciation. I always found gold a fcking wild animal impossible to dominate (for me).
I was into gold at one time trading the Yen carry trade with UJ. Results were mixed at best. Then I moved on to Natural Gas, Tradersway at one point had zero commission and zero swaps. After they dropped it I tried my hand at Oil with mixed results as well.

So far indicies has treated me kinder then anything else.
Trade with confidence, trade without fear.
  • #32,517
  • Mar 4, 2024 9:52am Mar 4, 2024 9:52am
Quoting Cryptosurf
{quote} I was into gold at one time trading the Yen carry trade with UJ. Results were mixed at best. Then I moved on to Natural Gas, Tradersway at one point had zero commission and zero swaps. After they dropped it I tried my hand at Oil with mixed results as well. So far indicies has treated me kinder then anything else.
What indices you trade and which one is the easiest to trade?
  • #32,518
  • Mar 4, 2024 9:59am Mar 4, 2024 9:59am
Quoting DeltaCapital
{quote} What indices you trade and which one is the easiest to trade?
Mostly NQ and YM, sometimes ES


Edit: they are all fairly easy to trade after the opening bell. I’m usually waiting till after 10am est to see which direction it’s taken.
Trade with confidence, trade without fear.
  • #32,519
  • Mar 4, 2024 10:04am Mar 4, 2024 10:04am
Quoting DeltaCapital
which one is the easiest to trade?
"Easiest to trade" is entirely subjective and depends a lot on your style and preferred chart-speeds.

NQ is very fast and very wild. Suits some people. Not me.
  • #32,520
  • Mar 4, 2024 10:41am Mar 4, 2024 10:41am
Quoting Cryptosurf
{quote} Mostly NQ and YM, sometimes ES Edit: they are all fairly easy to trade after the opening bell. I’m usually waiting till after 10am est to see which direction it’s taken.
its trailing DD kills me..I had one account $6400+ profit shorting NQ overnight to do one day pass.. unfortunately the morning bounce ended losing the account.. so annoying
how you manage your trailing DD ? any ea available to do this kind?/ I have so many EAs in mt4 to take care of this situation, now I use TV and tradovite to trade futures.. all new to me..
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