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Quoting Capablanca

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{quote} I think flipping day is not defined in their T&C or FAQs but as far as I understand is a day where you just buy 1 micro and close it immediately, just to count another day. No more than 20% of those. That's just in funded accounts, not in the evaluation. montygoldy forgot to mention but together with the consistency rules in funded account, make sure to see the cap they have for withdraws in the initial 3 months.

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Quoting montygoldy

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Some update guys good day today 1. After YOLO,ing 8 accounts passed 4 more on Apex. Total 5 passed. 2. Passed phase 1 of ftmo 2x200k after a month (phewww.....) 3. Alpha so unlucky today as well. phase 2 - Down -6% (gonna go slow on this and slowly recover it) {image} {image} {image}

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Quoting montygoldy

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Strategy for apex funded is to pull 150$ a day with 1contract.

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Quoting Expo33

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{quote} Maybe they should regulate how many cigarettes you can smoke or how many shots of Tequila you can take. Afterall, people who chain smoke and get wasted drunk probably don't know about the health risks and need the government to protect themselves from their own ignorance, stupidity, and lack of discipline.

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Quoting PropDude1234

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{quote}Alcohol and tobacco are highly regulated products. Your analogy doesn't work. In fact it works in the opposite way you intended. The government doesn't regulate how many cigarettes you can smoke just as a regulator doesn't limit how many trades you may take. The government does regulate how much nicotine etc is in cigarettes just as a regulator limits how much leverage is available to you.

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Quoting Capablanca

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{quote} With 20 accounts, which is zero additional work with a copier, that makes 3K/day

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Quoting pipmaster77

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{quote} Yes, they "regulate" a product that we have know for 60+ years will KILL YOU, but, God forbid I trade with high leverage........it's actually worse, way worse than how you have explained it. Bottom line is......if the government makes money from it, all is good.....if they don't, it is forbidden......all in the disguise of "protecting: it's citizens...... C'mon, I know you are smarter than this.

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Quoting PropDude1234

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The government would make more money if it allowed higher leverage. ... / ... More profit for the broker = higher taxes and more government revenue... More profits = higher bonuses / larger company / more spend all of which are / may be taxed.

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Quoting Nsak3y

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{quote}-You should stop.

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Quoting montygoldy

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{quote} not gonna go beserk with apex yet .... still learning furtures..... Goal is to get some payout from fore firms and then invest in apex n other futures firms.... btw achieved todays target on funded account Its easy to YOLO on apex just 35$ in in comparison to 200k account 900$ on forex. Gives mein 25 opportunites to pass evals.. {image}

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Quoting PropDude1234

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{quote}The government would make more money if it allowed higher leverage. As I wrote, higher leverage results in greater losses for the traders as well as other things which were prohibited like bonuses for redeposits. Greater losses = more profit for the broker. More profit for the broker = higher taxes and more government revenue... More profits = higher bonuses / larger company / more spend all of which are / may be taxed. Some brokers are public companies = more profit higher & share price where realised gains are taxed, more dividends which...

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Quoting pipmaster77

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{quote} How is it the opposite

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Quoting pipmaster77

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{quote} Bottom line is......if the government makes money from it, all is good.....if they don't, it is forbidden.

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Quoting PropDude1234

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{quote}Because you wrote: {quote}Which is saying that the government intervened in FX retail leverage because they government wouldn't make money from it. When in fact they would make more if they left it high as I outlined. Please take the time to understand what I've written. It's not hard.

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Quoting pipmaster77

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{quote} You are the one that doesn't get it.......the government makes a mint from futures....the more unattractive they make forex, well, as you stated "it's not that hard"

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Quoting Cryptosurf

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{quote} You trading mini’s or micro’s?

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Quoting montygoldy

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{quote} mini i guess

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Quoting pipmaster77

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Bottom line is......if the government makes money from it, all is good.....if they don't, it is forbidden......all in the disguise of "protecting: it's citizens......

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Quoting pipmaster77

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{quote} does it have an M in front of it? YM is mini dow, MYM is micro, mini is $5/point, micro 50 cents.

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