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If you haven't made it yet, what makes you think you will? 212 replies

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  • #61
  • Apr 16, 2017 8:30am Apr 16, 2017 8:30am
Quoting AT-Mika
{quote} So, basically (if i understand it correctly ?), one would be allowed to lose 2500$ for a fee of 100$? Doesn't sound right to me. Guess there has to be some criteria too.

No one will lose 2500 in one time. It's one position of 2.50 per pip, so it would take months to lose and by that time one would have paid into it
  • #62
  • Apr 16, 2017 8:41am Apr 16, 2017 8:41am
Quoting TraderThomas
{quote} No one will lose 2500 in one time. It's one position of 2.50 per pip, so it would take months to lose and by that time one would have paid into it

I question them too! They claim it's real $ off the start. It seems truth is subjective and absolutes take more time to see. I have tried about 6 different kind of these and lost around 1k on nothing. I tried one or two that had no fee. One had no fee and had no limits or targets and it was about consistency. So, to me the absolute value is no limit or targets set by anyone but me and to be consistent with real $ in real markets.
  • #63
  • Apr 16, 2017 8:43am Apr 16, 2017 8:43am
"No one will lose 2500 in one time. It's one position of 2.50 per pip, so it would take months to lose and by that time one would have paid into it"
Okay, i hear you. I guess worst case scenario during normal market volatility is a loss of 250-500$ in a day.
Upside of course equally limited by position size. Anyway - as I mentioned earlier we have been thinking about offering a service where the trader gets to trade real money right away against a fee rather than taking a test 1st, so because of this i was interested to hear more about your suggestion. Thank you for your answer.
  • #64
  • Apr 16, 2017 8:52am Apr 16, 2017 8:52am
I find it absurd to charge people that you hope to recruit to trade for your company. That's like me applying for any job and me giving them a salary. If you want real good traders to trade a funded account why not just check out their trading geesh cant believe the non sense people try to sell
  • #65
  • Apr 16, 2017 8:54am Apr 16, 2017 8:54am
Quoting AT-Mika
"No one will lose 2500 in one time. It's one position of 2.50 per pip, so it would take months to lose and by that time one would have paid into it" Okay, i hear you. I guess worst case scenario during normal market volatility is a loss of 250-500$ in a day. Upside of course equally limited by position size. Anyway - as I mentioned earlier we have been thinking about offering a service where the trader gets to trade real money right away against a fee rather than taking a test 1st, so because of this i was interested to hear more about your suggestion....

But this place encourages large stops and targets, that's why it 5 trades only. 100 loss and 200 target, which is almost impossible to consistently do too. Some places will allow you to lose. On place was equities and it had no fee at all with small size and works it's way up to larger and larger bumps but the limit was based on the original bp, so if you lost 500 in 5 months but you bp increased, then the limit stayed the same., so you have to be consistent from the start otherwise the risk to fail increases. but there were never any fees until you made money.
  • #66
  • Apr 16, 2017 9:39am Apr 16, 2017 9:39am
Quoting Divergence
I find it absurd to charge people that you hope to recruit to trade for your company. That's like me applying for any job and me giving them a salary. If you want real good traders to trade a funded account why not just check out their trading geesh cant believe the non sense people try to sell

Yeah! I have learned the hard way but the reality now is this is normal. The brokers are crooked, so few options exist to even trade FX anymore. Even the big banks scam people. Seems like Futures or stocks is about the only options . Futures with own money and orders go to a central exchange, no MM. Stock trading firms take people with no capital but are less and less and require more academia credentials.
  • #67
  • Apr 16, 2017 9:44am Apr 16, 2017 9:44am
Quoting Divergence
I find it absurd to charge people that you hope to recruit to trade for your company. That's like me applying for any job and me giving them a salary. If you want real good traders to trade a funded account why not just check out their trading geesh cant believe the non sense people try to sell

It's true to an extent but in a regular job you get paid even if you slack, not in trading. Only if you are trading a firms specific algorithmic strategies but they will require you to have credentials or proof. Reality is robots have run people out of the game, so one has to find a niche and in major currencies that is few and far.
  • #68
  • Apr 16, 2017 9:47am Apr 16, 2017 9:47am
Quoting TraderThomas
{quote} Yeah! I have learned the hard way but the reality now is this is normal. The brokers are crooked, so few options exist to even trade FX anymore. Even the big banks scam people. Seems like Futures or stocks is about the only options . Futures with own money and orders go to a central exchange, no MM. Stock trading firms take people with no capital but are less and less and require more academia credentials.
I left the forex market 4 years ago and started trading futures especially the e mini nasdaq no broker interference just trading
  • #69
  • Apr 16, 2017 9:59am Apr 16, 2017 9:59am
[quote=Divergence;9766315]{quote} I left the forex market 4 years ago and started trading futures especially the e mini nasdaq no broker interference just trading[/quote

That is where I am with it. Small stocks with my own money or maybe Futures. FX is done for regular people mostly unless they program alphas really well and have funds to back it.
  • #70
  • Apr 16, 2017 4:04pm Apr 16, 2017 4:04pm
I am very interested in the Actual Traders program and also have my reservations. My concern is not with the requirements as, imho, using proper trade management and dynamic position sizing both the daily stop limits and the overall profit requirement can be done.

My concern is that I can not find any reviews, positive or negative, from anybody that has gone through the program, either on this site, FPA or other sites. I am in no way implying that this is a fake operation however prudence requires research to establish credibility.

AT- Mika, is it possible to point me in the direction of reviews by people who have actually gone through your program?

Thank you
  • #71
  • Apr 16, 2017 4:10pm Apr 16, 2017 4:10pm
Thank you for your interest in our service Agold54. We believe in transparency and will thus say it as it is: Actualtraders is still a new business, and so far those who have tried us have not wanted to review their experience publicly. When someone does, we will certainly publish this.


Cheers,

Mika
  • #72
  • Apr 16, 2017 8:44pm Apr 16, 2017 8:44pm
Quoting Agold54
I am very interested in the Actual Traders program and also have my reservations. My concern is not with the requirements as, imho, using proper trade management and dynamic position sizing both the daily stop limits and the overall profit requirement can be done. My concern is that I can not find any reviews, positive or negative, from anybody that has gone through the program, either on this site, FPA or other sites. I am in no way implying that this is a fake operation however prudence requires research to establish credibility. AT- Mika, is...
I tried it twice as you can read. My conclusion with any pay for simulations is it doesn't hold any weight with putting on actual money against live market data. Psychological and emotional. In my opinion my mind experiences this very different. For me, on these types of things, is if I am up some money, then I tend to put more risk on and this is where the problem comes in because a few losses and my mind will see that I can have a max position of a very large out of proportion size and I blow out the account. It creates a false sense and an illusion. This is why I think they don't work. it's an illusion.
  • #73
  • Apr 16, 2017 8:51pm Apr 16, 2017 8:51pm
Quoting Agold54
I am very interested in the Actual Traders program and also have my reservations. My concern is not with the requirements as, imho, using proper trade management and dynamic position sizing both the daily stop limits and the overall profit requirement can be done. My concern is that I can not find any reviews, positive or negative, from anybody that has gone through the program, either on this site, FPA or other sites. I am in no way implying that this is a fake operation however prudence requires research to establish credibility. AT- Mika, is...

Read through this bro. This is my review! I did two times Actual Traders.
  • #74
  • Apr 17, 2017 8:36am Apr 17, 2017 8:36am
Thanks TraderThomas
  • #75
  • Apr 19, 2017 5:33am Apr 19, 2017 5:33am
We have some exciting news to share with you! ActualTraders will arrange a competition starting from 18.04.2017 for a Free TraderTryOut Pro Account. Email [email protected] for more information and for the instructions on participation.
  • #76
  • Apr 19, 2017 5:35pm Apr 19, 2017 5:35pm
I have signed up for the Trading competition and am very excited to work with Actual Traders. I will update my experience with them in this Thread as the competition develops.
  • #77
  • Apr 19, 2017 6:07pm Apr 19, 2017 6:07pm
Quoting AT-Mika
we have been thinking about offering a service where the trader gets to trade real money right away against a fee rather than taking a test 1st,
//-----

hey mika..... have you gone so far as to figure out what would be expected monthly average % gain on a deal like this, in order not to waste your time or tie up your money needlessly......

just wonderin, that's all....... thanks.....h
to trade and code, keep both simple... no call to impress....h
  • #78
  • Apr 19, 2017 8:56pm Apr 19, 2017 8:56pm
There are TWO major draw-backs to ALL of these schemes.

  1. Trading hours are 7PM – 4PM EST (New York Time).
  2. All positions must be closed before 4PM EST and during major news events

Believe me. I know first hand.
If traders were allowed to keep trades open until targets are hit regardless of NEWS announcements & holding over night & weekends, money could be made to the benefit of traders & Prop Co's alike.
These rules are designed solely for the prop' Co's. No trader can win long term with these rules. It's just a ploy to keep the traders paying to keep going & "Have another go"
To say it is a scam would be wrong but the word comes to mind all the same.

Money Makes Money
  • #79
  • Apr 19, 2017 10:46pm Apr 19, 2017 10:46pm
Quoting KiwiOz
There are TWO major draw-backs to ALL of these schemes. Trading hours are 7PM 4PM EST (New York Time). All positions must be closed before 4PM EST and during major news events Believe me. I know first hand. If traders were allowed to keep trades open until targets are hit regardless of NEWS announcements & holding over night & weekends, money could be made to the benefit of traders & Prop Co's alike. These rules are designed solely for the prop' Co's. No trader can win long term with these rules. It's just a ploy to keep the traders paying to keep...
You can trade intraday. It is enough to scalp 5-10 pips per day with them. I'm also planning to join with the program.

SP
  • #80
  • Apr 19, 2017 11:02pm Apr 19, 2017 11:02pm
Quoting SuperPip
{quote} You can trade intraday. It is enough to scalp 5-10 pips per day with them. I'm also planning to join with the program. SP
Best of luck. Hope you don't learn the hard way
Money Makes Money
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