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Anyone trading with a Prop firm 31 replies

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  • #2,741
  • Aug 3, 2021 8:39am Aug 3, 2021 8:39am
I attached their example ..once I got 10%...I can't take 5000 out....I need to keep it so that I can go to 100k. Unless you rather take the 5k and work another 10% again.
If I don't withdraw....and use the 100k profit for withdraw...wouldn't that eat into my next 10% level.
Other prop just up you regardless . Maybe my analyse is wrong . Of course asking them would be best. But this is forum and discussion is good. If not, what's the point. All prop is suitable ..it's just adjusting strategy and money management and weather it's worth the effort and time . That's all I have to say.
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  • #2,742
  • Aug 3, 2021 10:43am Aug 3, 2021 10:43am
Quoting Takisd
{quote} Have you used them or you are just link dumping? I highly doubt they have access to 50 million dollar hedge fund investors. Actually to me saying such a thing is a giant red flag given their business type.
It is exciting to trade this us30.

Basically I use support and resistance and then a button EA, for fast setting stop loss and close order
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Intraday only.
  • #2,743
  • Aug 3, 2021 10:52am Aug 3, 2021 10:52am
Quoting navk
{quote} It is exciting to trade this us30. Basically I use support and resistance and then a button EA, for fast setting stop loss and close order {image}
yes
Be careful on the specifications though, US30 is different everywhere. For example, MFF is 1 lot = 1$ / tick and i think FTMO is 1 lot = 10$ / tick im not sure though.
  • #2,744
  • Aug 3, 2021 10:59am Aug 3, 2021 10:59am
Quoting Takisd
{quote} yes Be careful on the specifications though, US30 is different everywhere. For example, MFF is 1 lot = 1$ / tick and i think FTMO is 1 lot = 10$ / tick im not sure though.
yes, i tried MFF live, but not giving me much.

The tick value is different in MFF
Intraday only.
  • #2,745
  • Aug 3, 2021 11:01am Aug 3, 2021 11:01am
i WANTED to trade cautiously in MFF - live with 0.05 lots and added.

Finally made 4 $ profit.

lol
Intraday only.
  • #2,746
  • Aug 3, 2021 12:36pm Aug 3, 2021 12:36pm
Quoting Takisd
{quote} Have you used them or you are just link dumping? I highly doubt they have access to 50 million dollar hedge fund investors. Actually to me saying such a thing is a giant red flag given their business type.
Personally i haven't used FXWW before but i'm going to give it a try and enroll in their funding program especially they don't ask me for evaluation fees and such B.S what makes me interested in their funding model is that they're looking genuinely for future successful traders who are able to prove good track record through their auditing program they don't ask for evaluation fees or any kind of hidden money.

why do you think they don't have access to millions of hedge funds allocations, they don't ask for paid evaluations, if you are experienced and profitable trader then go for it, give it a try you have nothing to lose , they would back you up free of charge just they need a good track record with risk adjusted performance .

In my opinion what most traders lacking not having a good track record to show with no discipline and patience either to get there , some traders looking for a get rich quick scheme through prop firms but instead of hitting the jackpot and make money they keep trying for evaluations with no success thinking that making quick money is easy to do.

It's quite simple , ( have a successful trading strategy+ solid money management + discipline = successful long term fund manager )

I think we traders must think in the long run how to get a real fund management chance if we want to be in this tough business , so we can realize our dreams.

Surely ,it takes patience and diligent work to get funded and scaled in funded account ,but there ain't no such thing as a FREE LAUNCH for a career fund manager with a million dollar Forex account , we have to pay the price for success .

Life is not easy as it used to be , we have to think big and smart .

Thanks
I always knew that someday I would make it big
  • #2,747
  • Aug 3, 2021 12:50pm Aug 3, 2021 12:50pm
Quoting forexer
{quote} Personally i haven't used FXWW before but i'm going to give it a try and enroll in their funding program especially they don't ask me for evaluation fees and such B.S what makes me interested in their funding model is that they're looking genuinely for future successful traders who are able to prove good track record through their auditing program they don't ask for evaluation fees or any kind of hidden money. why do you think they don't have access to millions of hedge funds allocations, they don't ask for paid evaluations, if you are experienced...
Speaking of get rich quick
https://www.forexfactory.com/thread/...to-turn-100-to?
Kind of hypocritical to your post here, no? Just asking.
  • #2,748
  • Aug 3, 2021 1:27pm Aug 3, 2021 1:27pm
Quoting doji
{quote} No, and it's a moot point by now because all Tier1FX accounts have wisely been moved by Lux to Global Prime. (Sorry for my belated reply.)
global prime is a decent broker atleast they appear so with the youtube being open about what type of broker they are etc But other then that I don't know much about them.
It's in fear when people show what they truly value.
  • #2,749
  • Edited 1:42pm Aug 3, 2021 1:32pm | Edited 1:42pm
Quoting forexer
{quote} Personally i haven't used FXWW before but i'm going to give it a try and enroll in their funding program especially they don't ask me for evaluation fees and such B.S what makes me interested in their funding model is that they're looking genuinely for future successful traders who are able to prove good track record through their auditing program they don't ask for evaluation fees or any kind of hidden money. why do you think they don't have access to millions of hedge funds allocations, they don't ask for paid evaluations, if you are experienced...
I am totally agree with you. If i understood good, if provided already of a good 2 years track record (Gold Standard only like KPMG for example) you can even skip their Auditing Program, and start working something like 5-6 days after, right?
  • #2,750
  • Aug 3, 2021 1:40pm Aug 3, 2021 1:40pm
Quoting emicovi
{quote} You know right that FTMO and MFF and all the others are "pay to play" too? I hope you know

Indeed 95% of "Prop Firms" listed in this thread are ambiguous semi-pyramidal scheme with totally no-sense rules. No way for long term collaboration with them. Serious Traders will leave at some point
  • #2,751
  • Aug 3, 2021 1:46pm Aug 3, 2021 1:46pm
Quoting forexer
{quote} Personally i haven't used FXWW before but i'm going to give it a try and enroll in their funding program especially they don't ask me for evaluation fees and such B.S what makes me interested in their funding model is that they're looking genuinely for future successful traders who are able to prove good track record through their auditing program they don't ask for evaluation fees or any kind of hidden money. why do you think they don't have access to millions of hedge funds allocations, they don't ask for paid evaluations, if you are experienced...

What do they sell? What could possibly lure heaps of traffic to their website? Why would a hedge fund work with such a website when they can literally go to the best places in the world and find talent with proven records?

Many questions young padawan, many questions.
  • #2,752
  • Aug 3, 2021 2:14pm Aug 3, 2021 2:14pm
Quoting JFX95
{quote} Indeed 95% of "Prop Firms" listed in this thread are ambiguous semi-pyramidal scheme with totally no-sense rules. No way for long term collaboration with them. Serious Traders will leave at some point
Lol Serious traders only care about making money. If they can work with the rules of any firm, they will milk it till kingdom come.
Do not project your own inabilities and shortcomings on others, many traders have been with some of these firms for over 6 months to a year.
  • #2,753
  • Aug 3, 2021 2:49pm Aug 3, 2021 2:49pm
Quoting pipmaster77
{quote} Speaking of get rich quick https://www.forexfactory.com/thread/...to-turn-100-to? Kind of hypocritical to your post here, no? Just asking.

Hi pipmaster,

yes, this is my thread and i do believe that turning small sum of money like 100 to 10.000 USD is a kinda of real challenge but it's possible with the right mindset and strategy .

Yes i do believe that if i could turn 100 to even 1000.000 is possible but it takes real talented trader is the real challenge and not get rich quick scheme , it's real challenge in your personal account .
I always knew that someday I would make it big
  • #2,754
  • Aug 3, 2021 2:50pm Aug 3, 2021 2:50pm
Quoting Takisd
{quote} What do they sell? What could possibly lure heaps of traffic to their website? Why would a hedge fund work with such a website when they can literally go to the best places in the world and find talent with proven records? Many questions young padawan, many questions.
Wow, membership plans from 3K up to a paltry 30K? Where do I sign up. After all, they're looking for good traders
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Pride always comes before destruction.... -Proverbs 16:18
  • #2,755
  • Aug 3, 2021 2:54pm Aug 3, 2021 2:54pm
Quoting pipmaster77
{quote} Speaking of get rich quick https://www.forexfactory.com/thread/...to-turn-100-to? Kind of hypocritical to your post here, no? Just asking.
You've totally missed the point here.
I always knew that someday I would make it big
  • #2,756
  • Aug 3, 2021 2:56pm Aug 3, 2021 2:56pm
Quoting forexer
{quote} You've totally missed the point here.
No, actually, judging from the replies, I think EVERYONE here got the point.
  • #2,757
  • Aug 3, 2021 3:00pm Aug 3, 2021 3:00pm
Quoting Expo33
{quote} Wow, membership plans from 3K up to a paltry 30K? Where do I sign up. After all, they're looking for good traders {image}
Again I would like to make it clear here, there is misunderstanding

I'm talking about their funding program NOT their membership plan , the two things are different .

As i can see their funding program doesn't ask for membership or evaluation fees . check their funding program , all they ask is track record of 12 months or get audited through their own auditing firm .

Thanks
I always knew that someday I would make it big
  • #2,758
  • Aug 3, 2021 3:14pm Aug 3, 2021 3:14pm
Quoting Takisd
{quote} What do they sell? What could possibly lure heaps of traffic to their website? Why would a hedge fund work with such a website when they can literally go to the best places in the world and find talent with proven records? Many questions young padawan, many questions.
Hi Taskisd,

Talented traders are hard to find , even there are experienced asset managers failed , and these firms are looking for talented and special traders with catchy track-record in order to replace the losing traders so it's justifiable why they need to test new traders to discover talents.

Do you think a firm collaborated with prestigious asset management firm like CURTIS is not trustworthy!!!!


Thanks
I always knew that someday I would make it big
  • #2,759
  • Aug 3, 2021 3:26pm Aug 3, 2021 3:26pm
Quoting forexer
{quote} Hi Taskisd, Talented traders are hard to find , even there are experienced asset managers failed , and these firms are looking for talented and special traders with catchy track-record in order to replace the losing traders so it's justifiable why they need to test new traders to discover talents. Do you think a firm collaborated with prestigious asset management firm like CURTIS is not trustworthy!!!! Thanks
So you send them your live track records?
You give them years track records...then would be better. You can put up an trade explorer here and if you managed to get their funding. We can gauge what they looking for...
  • #2,760
  • Aug 3, 2021 3:33pm Aug 3, 2021 3:33pm
Quoting JFX95
{quote} Indeed 95% of "Prop Firms" listed in this thread are ambiguous semi-pyramidal scheme with totally no-sense rules. No way for long term collaboration with them. Serious Traders will leave at some point
Hi JFX95,

Yeah you're right , they are running business in the end but their business is based on probabilities game which is 95% of traders lose in the end .

Let's get real here my friends ,it's so lucrative to collect evaluation fees out of 95% losers out there.

What i'm talking about is long term collaboration with traders not by setting awkward unfair rules with deadline to get the evaluation done

I second you on this JFX95.

Thanks
I always knew that someday I would make it big
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