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  • #14,141
  • Feb 28, 2023 9:16am Feb 28, 2023 9:16am
Quoting Vitore
Firms hope to eliminate lucky winners but they also eliminate eg. trend followers who have a lot of small losses for one bigger win.
-Yes. Not all firms are accommodating for all trading types, unfortunately. But this is why having more options is good.
  • #14,142
  • Feb 28, 2023 9:52am Feb 28, 2023 9:52am
I see all this prop industry as a big forex videogame where we insert coins and cash out coins. Hopefully we extract more coins than the ones we insert, at the expenses of the losing players. Nothing wrong with that and I hope this doesn't change, because the day this changes is probably because the regulators came for it and the videogame machines will be switched off.
  • #14,143
  • Feb 28, 2023 10:00am Feb 28, 2023 10:00am
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Virtue signaling is for those who are devoid of actual virtue
  • #14,144
  • Feb 28, 2023 10:44am Feb 28, 2023 10:44am
Quoting Capablanca
I see all this prop industry as a big forex videogame where we insert coins and cash out coins. Hopefully we extract more coins than the ones we insert, at the expenses of the losing players.
-For me, trading is like walking into a casino and being able to count cards at a blackjack table. Taking money from the house is like taking money from the market. It's no longer gambling when the odds are so heavily in your favor.
  • #14,145
  • Feb 28, 2023 10:51am Feb 28, 2023 10:51am
Quoting Nsak3y
{quote}-For me, trading is like walking into a casino and being able to count cards at a blackjack table. Taking money from the house is like taking money from the market. It's no longer gambling when the odds are so heavily in your favor.
To quote a blog I used to read by a FF member from long ago (BillyRayVal) who wrote No Brainer Trades, "Take the easy ones, and don't do anything stupid in the meantime." Sticking to that rule really does put the odds in your favor.
Virtue signaling is for those who are devoid of actual virtue
  • #14,146
  • Feb 28, 2023 11:22am Feb 28, 2023 11:22am
Today I had a bad experience with Fundednex. For half an hour, I couldn't manage an open position, I couldn't even close it or move my stop loss. I don't know if it's a problem with Fundednex or with the broker Eightcap.
I ended up closing with profits, but what would have happened if I couldn't close and the position went against me? I contacted customer support, but they told me that my account manager's office was closed and they couldn't do anything.
Enter Signature
  • #14,147
  • Feb 28, 2023 2:55pm Feb 28, 2023 2:55pm
Quoting Katfx
I contacted customer support, but they told me that my account manager's office was closed and they couldn't do anything.

The question is: did that tell you everything you need to know about this firm?
  • #14,148
  • Feb 28, 2023 4:34pm Feb 28, 2023 4:34pm
Quoting Capablanca
I see all this prop industry as a big forex videogame where we insert coins and cash out coins. Hopefully we extract more coins than the ones we insert, at the expenses of the losing players. Nothing wrong with that and I hope this doesn't change, because the day this changes is probably because the regulators came for it and the videogame machines will be switched off.
You basically described FOREX / trading in general. Coin goes in, hope coin comes out.
  • #14,149
  • Mar 1, 2023 12:38am Mar 1, 2023 12:38am
Quoting KarlKraus
{quote} The question is: did that tell you everything you need to know about this firm?
I was not given any kind of information, nothing. Just that they had a problem, and they were working on it.
you can´t trust this kind of companies that leave you hanging 30 min
Enter Signature
  • #14,150
  • Mar 1, 2023 1:22am Mar 1, 2023 1:22am
I'm on holiday but I'm still trading on a live account, I'm worried about breaking the rules because of different IPs, but I asked FMTO and TFTP customer support, they said it's okay
let see what happen
  • #14,151
  • Mar 1, 2023 1:46am Mar 1, 2023 1:46am
Does anyone know of a prop trading firm that trades fx spot and not CFD?
  • #14,152
  • Mar 1, 2023 2:52am Mar 1, 2023 2:52am
Quoting Nsak3y
{quote}-For me, trading is like walking into a casino and being able to count cards at a blackjack table. Taking money from the house is like taking money from the market. It's no longer gambling when the odds are so heavily in your favor.
Wow, you found holy grail friend?
  • #14,153
  • Mar 1, 2023 3:29am Mar 1, 2023 3:29am
Quoting hfarooqui48
Does anyone know of a prop trading firm that trades fx spot and not CFD?
all of them trade fx spot.
  • #14,154
  • Mar 1, 2023 3:40am Mar 1, 2023 3:40am
Quoting Katfx
Today I had a bad experience with Fundednex. For half an hour, I couldn't manage an open position, I couldn't even close it or move my stop loss. I don't know if it's a problem with Fundednex or with the broker Eightcap. I ended up closing with profits, but what would have happened if I couldn't close and the position went against me? I contacted customer support, but they told me that my account manager's office was closed and they couldn't do anything.
account manager, that's the thing make me feel suspicious about fundednext.
with each problem you face no one can help you if you couldn't contact your account manager and you would be lucky if you get a response from him within 24hours.
feels like the account manager is separated from the company. I don't understand why do we struggle getting to contact account manager while they can simply forward our query to him.
Folks, it looks like a new fad. just imagine account manager doesn't have an email belong to the company !
you only contact him through telegram and ofcourse you wont have any history record and no evidence for following your complaint.
when you ask by email @support , they just keep saying you have to contact your account manager through telegram.

we have to be more aware of this company seems like they're doing suspicious business.
  • #14,155
  • Mar 1, 2023 3:56am Mar 1, 2023 3:56am
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Money is made by sitting, not trading
  • #14,156
  • Mar 1, 2023 4:28am Mar 1, 2023 4:28am
Quoting Takisd
{quote} all of them trade fx spot.
Interesting most if not all of the top of the line prop firms have told me the currency pairs that are traded are CFD
  • #14,157
  • Mar 1, 2023 5:05am Mar 1, 2023 5:05am
I am coming back to end my review about Ever Trade. My first split was paid and review done within 2hr time, this was actually the fastest payment I ever received. Automatically I received new account credentials and even been ask for interview so by now cannot say nothing bad about this company.
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  • #14,158
  • Mar 1, 2023 5:31am Mar 1, 2023 5:31am
Quoting youngD
I am coming back to end my review about Ever Trade. My first split was paid and review done within 2hr time, this was actually the fastest payment I ever received. Automatically I received new account credentials and even been ask for interview so by now cannot say nothing bad about this company. {image}
Thank you! EverTrader looks great and I have them high on my list too. The only con I can see are their relatively higher eval prices
Money is made by sitting, not trading
  • #14,159
  • Mar 1, 2023 5:42am Mar 1, 2023 5:42am
Quoting youngD
I am coming back to end my review about Ever Trade. My first split was paid and review done within 2hr time, this was actually the fastest payment I ever received. Automatically I received new account credentials and even been ask for interview so by now cannot say nothing bad about this company. {image}
Could you share what their commission is and if they charge it on indices?
Money is made by sitting, not trading
  • #14,160
  • Mar 1, 2023 7:07am Mar 1, 2023 7:07am
Quoting Vitore
{quote} Could you share what their commission is and if they charge it on indices?

I think they will give you a trial account if you ask on chat. It's Purple markets broker. Spreads are OK but not as good as FTMO of course
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