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  • #3,101
  • Aug 23, 2021 7:55pm Aug 23, 2021 7:55pm
Quoting Takisd
{quote} Its not really pleasant. I did go as far as quote out an entire prop firm set up.. Like an FTMO tier one, but decided i don't want to be a support person temporarily ... Especially with the stupid shit I see in firms discords... "WHY DID THE SPREAD INCREASE AT MIDNIGHT WTF SCAM"... Maybe I can call my firm "noBStrading" and then if someone commits BS they get removed and no refunds. "Ask a question that indicates you dont know anything about the FX market and you will be banned immediately with no refund as you have wasted everyones time"....
It's certainly worth looking into.

One needs thick skin to endure some of the discord clowns but that's life in this space.

Masterrmind ........
Master your Mind then Master your Trades
  • #3,102
  • Aug 23, 2021 10:55pm Aug 23, 2021 10:55pm
What do you guys think about the5ers?
  • #3,103
  • Aug 24, 2021 12:15am Aug 24, 2021 12:15am
Last Friday was very volatile, how many funded traders survived.
Allergic to bullshitters, never argue with fools
  • #3,104
  • Aug 24, 2021 3:23am Aug 24, 2021 3:23am
One of the so called expert who run discord channel and claims to be a great trader
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2021-08-24_13-48_Discord server for all.jpg Size: 135 KB
Click to Enlarge Name: 2021-08-24_13-50_Discord server for all.jpg Size: 81 KB
Allergic to bullshitters, never argue with fools
  • #3,105
  • Edited 6:31am Aug 24, 2021 3:26am | Edited 6:31am
I think if you trade the Dow (US30) which is probably the most heavily traded of any FX pair/indices, you must have max 1 - 2 pip (or point if you like) spread.

Anything more then that is a no-go in my opinion.
  • #3,106
  • Aug 24, 2021 3:59am Aug 24, 2021 3:59am
Quoting Muhammedfx
One of the so called expert who run discord channel and claims to be a great trader {image} {image}
Lol Not the place for rival Commercial member mudslinging dear Muhammed.
  • #3,107
  • Aug 24, 2021 4:01am Aug 24, 2021 4:01am
Quoting Koop
{quote} Lol Not the place for rival Commercial member mudslinging dear Muhammed.
off course I dont post any such thing, I was just showing how so called funded trader vanish over night.
Allergic to bullshitters, never argue with fools
  • #3,108
  • Aug 24, 2021 5:22am Aug 24, 2021 5:22am
Quoting sampat
{quote} Couldn't agree more plus with FTMO you can have buffer challenges like you can have 600K of passed exams but you can have only 400K of live so if in case you are thinking of loosing them you can have them ready in buffer.
You can have more than 400k live with FTMO via scaling up. This way you can double your account every 16 months (along with taking all the profit you can have e.g. 3,200k for trading in 4 yrs). There's no upper limit with FTMO
Money is made by sitting, not trading
  • #3,109
  • Aug 24, 2021 6:46am Aug 24, 2021 6:46am
Quoting Muhammedfx
Last Friday was very volatile, how many funded traders survived.
Lost 0.3% on Friday, still a profitable week of almost 2%. If it was volatile Friday and prop traders blew their accounts, those same folks would've blown up their personal accounts.
I know some like to come here and try to poke holes in the prop trading model. It's just like trading anywhere else.......CONTROL THE RISK. It's simple adjustments, if you normally allow 20% DD in your personal account, reduce your positions to 1/4, if you normally allow 50%, reduce to 1/10. If you're conservative in your personal account, you probably don't need to change a thing.
  • #3,110
  • Aug 24, 2021 6:52am Aug 24, 2021 6:52am
Quoting pipmaster77
{quote} Lost 0.3% on Friday, still a profitable week of almost 2%. If it was volatile Friday and prop traders blew their accounts, those same folks would've blown up their personal accounts. I know some like to come here and try to poke holes in the prop trading model. It's just like trading anywhere else.......CONTROL THE RISK. It's simple adjustments, if you normally allow 20% DD in your personal account, reduce your positions to 1/4, if you normally allow 50%, reduce to 1/10. If you're conservative in your personal account, you probably don't...
Thats really cool if you can maintain that for long time
Allergic to bullshitters, never argue with fools
  • #3,111
  • Aug 24, 2021 6:57am Aug 24, 2021 6:57am
Quoting Muhammedfx
{quote} Thats really cool if you can maintain that for long time
Unless you overtrade (which would be a problem no matter where you trade), why wouldn't it be? If you're constantly trying to double or triple an account, you will always lose long term......this is no matter where you trade.
  • #3,112
  • Aug 24, 2021 7:00am Aug 24, 2021 7:00am
Quoting snf
What do you guys think about the5ers?
Their summer plan is great, unfortunately no longer available. It is a 3 step challenge model which is free, you pay after you pass all 3 stages. As far as their standard model, it's just like all of the other "scaling" models, your fee is more than what they allow you in DD. That money will perform better in your personal account. Always look for fee vs. DD allowed, it should be filter #1.
  • #3,113
  • Aug 24, 2021 7:02am Aug 24, 2021 7:02am
Quoting pipmaster77
{quote} Lost 0.3% on Friday, still a profitable week of almost 2%. If it was volatile Friday and prop traders blew their accounts, those same folks would've blown up their personal accounts. I know some like to come here and try to poke holes in the prop trading model. It's just like trading anywhere else.......CONTROL THE RISK. It's simple adjustments, if you normally allow 20% DD in your personal account, reduce your positions to 1/4, if you normally allow 50%, reduce to 1/10. If you're conservative in your personal account, you probably don't...
Simple.

Volatility is never a concern for those who know how to manage risk.
I'd be more worried about trading around times of thin liquidity. Crazy slippages..... Still, if one is not over leveraged it won't hurt as much.
  • #3,114
  • Aug 24, 2021 7:03am Aug 24, 2021 7:03am
Quoting Mtinifx
I think if you trade the Dow (US30) which is probably the most heavily traded of any FX pair/indices, you must have max 1 - 2 pip (or point if you like) spread. Anything more then that is a no-go in my opinion.
I got funded with a 6.6 point spread at TPTP or whatever it is blakes dump. But I won't be contributing equity to them. Its such a shitbox. The beauty of dow is that 6 points during market hours isnt much to make up. If you need a 1 tick spread then you're doing it wrong.
  • #3,115
  • Aug 24, 2021 7:13am Aug 24, 2021 7:13am
Quoting Muhammedfx
One of the so called expert who run discord channel and claims to be a great trader {image} {image}

Dear Globaltech,

I really tried to be kinda polite, but now you want to get on my nerves?

1st) try to make some money first before you judge others
2nd) IŽve never claimed myself to be a good trader, just a trader (as thats my fulltime job) and holy cow I would never claim to be "the best in the world"
3rd) Thats not a funded account, thats my own money, profits I made on the main accounts to play around now so shut the f**k up here and never ever try again to say some BS about me or the other really nice guys on the discord channel you have no idea about.

Dont be sad we banned you from that server some weeks ago, we have rules there and that includes no excessive advertising for yourself.

have a very nice day yaŽall (except globaltech, thats done now)
Pip
  • #3,116
  • Aug 24, 2021 7:20am Aug 24, 2021 7:20am
Quoting ProPipHunter
{quote} Dear Globaltech, I really tried to be kinda polite, but now you want to get on my nerves? 1st) try to make some money first before you judge others 2nd) IŽve never claimed myself to be a good trader, just a trader (as thats my fulltime job) and holy cow I would never claim to be "the best in the world" 3rd) Thats not a funded account, thats my own money, profits I made on the main accounts to play around now so shut the f**k up here and never ever try again to say some BS about me or the other really nice guys on the discord channel you...
hahaha Who came to report to you? Some kind of magic?

Lol Muhammed, see? Take the war elsewhere.
  • #3,117
  • Aug 24, 2021 7:20am Aug 24, 2021 7:20am
Quoting ProPipHunter
{quote} Dear Globaltech, I really tried to be kinda polite, but now you want to get on my nerves? 1st) try to make some money first before you judge others 2nd) IŽve never claimed myself to be a good trader, just a trader (as thats my fulltime job) and holy cow I would never claim to be "the best in the world" 3rd) Thats not a funded account, thats my own money, profits I made on the main accounts to play around now so shut the f**k up here and never ever try again to say some BS about me or the other really nice guys on the discord channel you...

You literally came into this thread for that reason, and he did too. Why don't you both go throw sand at each other in the sandbox elsewhere. This is a thread for adults.
  • #3,118
  • Aug 24, 2021 7:27am Aug 24, 2021 7:27am
Quoting Koop
{quote} Simple. Volatility is never a concern for those who know how to manage risk. I'd be more worried about trading around times of thin liquidity. Crazy slippages..... Still, if one is not over leveraged it won't hurt as much.
I agree volatile days are a trader wet dream. We cant profit from a flat market.

Friday was good USDCAD and CADJPY overbought and oversold respectively on daily chart, waited for a reversal for both and went good.

Indices also rallied and quite a lot after shift in sentiment.
  • #3,119
  • Aug 24, 2021 7:34am Aug 24, 2021 7:34am
Quoting Takisd
{quote} You literally came into this thread for that reason, and he did too. Why don't you both go throw sand at each other in the sandbox elsewhere. This is a thread for adults.

Thats.. thats exactly what I mean. Why the hell cant he write some DM to me or smth? I just dont accept some BS writing about me and the others anymore. I dont wanna bother you guys here anyway thats not my intention.

And btw.. if this is a thread for prop funding - you may wanna check out the fx horizon private funding project

Have a nice day!
  • #3,120
  • Aug 24, 2021 7:36am Aug 24, 2021 7:36am
Hello,

are there any server lags on MyFF e.g. around high impact news or do their quotes always represent actual markets ? Because they say you trade on a live server once evaluation is passed.
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