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  • #36,381
  • May 12, 2024 9:48pm May 12, 2024 9:48pm
Quoting sampat
{quote} Challenge passing is different Usually 1,2,3,5% but these days I don't trust and waste time on forex brokers as I am sick of getting scammed again and again. I was talking more about personal accounts as with prop firm even 200K account has more or less not phycological impact once first payout or refund received it is al houses money.
I thought other way.

Forex brokers are better than prop firms.

I have seen many such posts here.... scammers opening prop firms.
Intraday only.
  • #36,382
  • Edited 10:02pm May 12, 2024 9:52pm | Edited 10:02pm
Quoting sampat
{quote} Again 10-15 pips is easy for almost all members in the forum can earn that. Earning money is easy in trading than retaining. For example one can easily makes 300$ for 5 days it will just take 1 day to wipe out every thing. So even if trader has NO skill MONEY MANAGEMENT will make money in long term provided trader has enough capital to throw dart. It is important to know when to stop in loss important as if one stays long enough they will earn money.
my point of posting is for same reason.

If you read my post, i said :

1) 100k funded account
2) Trade only gbpusd, trade only at London open
3) Trade long or short as you see at london open.
4) Trade 2 lots and make 15 pips or 3 lots 10 pips, result 300 $
5 ) Quit trading for that day.
6 ) Repeat next day

It is possible to do in this way, but people mess up with following in prop firm trading :

1) Taking small lot size and aiming big profit.
2) On the computers for 12/18 hrs a day
3 ) Fear of loosing account and so taking small lot size but aiming big profit.
Intraday only.
  • #36,383
  • May 12, 2024 9:55pm May 12, 2024 9:55pm
Quoting navk
{quote} I thought other way. Forex brokers are better than prop firms. I have seen many such posts here.... scammers opening prop firms.
yea by forex brokers I mean forex prop firms.
  • #36,384
  • May 12, 2024 9:57pm May 12, 2024 9:57pm
Quoting sampat
{quote} yea by forex brokers I mean forex prop firms.
I trust FTMO and FXIFY.

No one else.
Intraday only.
  • #36,385
  • Edited 11:02pm May 12, 2024 10:41pm | Edited 11:02pm
Hi folks . looking at a futures prop firm .Platform( tradovate) is there anyway to see spread live on chart ,like MT4 . not wanting to waste ya time .I have been searching for hours. Thanks
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  • #36,386
  • May 12, 2024 11:37pm May 12, 2024 11:37pm
i can't even remember my last day of loss. i looked it up, it was in december 2023

but i still always organise myself by the week because daily goals aren't always achieved.
trading is like dancing, don't think and just listen to the music!
  • #36,387
  • May 12, 2024 11:45pm May 12, 2024 11:45pm
Quoting birdland
i can't even remember my last day of loss. i looked it up, it was in december 2023 but i still always organise myself by the week because daily goals aren't always achieved.
I want to see more of such posts.
Intraday only.
  • #36,388
  • May 13, 2024 12:36am May 13, 2024 12:36am
Quoting navk
{quote} I want to see more of such posts.
just the last month back. my daily target are 2%
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trading is like dancing, don't think and just listen to the music!
  • #36,389
  • May 13, 2024 12:45am May 13, 2024 12:45am
Quoting sampat
{quote} Again 10-15 pips is easy for almost all members in the forum can earn that. Earning money is easy in trading than retaining. For example one can easily makes 300$ for 5 days it will just take 1 day to wipe out every thing. So even if trader has NO skill MONEY MANAGEMENT will make money in long term provided trader has enough capital to throw dart. It is important to know when to stop in loss. If one stays long enough they will earn money.
This is why prop model won't work as we know it for much longer. Even a losing trader (in a real account) can make money in a prop.

It's like I' offered an chance of purchasing calls or puts well below their market value.
  • #36,390
  • May 13, 2024 12:48am May 13, 2024 12:48am
Quoting birdland
{quote} just the last month back. my daily target are 2% {image} {image} {image} {image}
Love it
Intraday only.
  • #36,391
  • May 13, 2024 12:49am May 13, 2024 12:49am
As expected, with all the cowboys coming to futures arena we will see exactly the same pattern that we saw in forex, with more and more relaxed and generous rules, until most of them are not profitable any longer and start with tricks for not paying.
We are in the final Kms of a race to make money in the futures before the scumbags ruin everything.
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  • #36,392
  • May 13, 2024 1:55am May 13, 2024 1:55am
Quoting navk
{quote} my point of posting is for same reason. If you read my post, i said : 1) 100k funded account 2) Trade only gbpusd, trade only at London open 3) Trade long or short as you see at london open. 4) Trade 2 lots and make 15 pips or 3 lots 10 pips, result 300 $ 5 ) Quit trading for that day. 6 ) Repeat next day It is possible to do in this way, but people mess up with following in prop firm trading : 1) Taking small lot size and aiming big profit. 2) On the computers for 12/18 hrs a day 3 ) Fear of loosing account and so taking small lot size...
Can we have account trading history to validate this theory either yours or someone else who's done it in the past?

No matter the amount of pip or dollar target one has, no trader makes profit every single trading day in a month. It's possible to make profit every month and 12 months a year but not profit 20 or 22 trading days a month. I have not seen that genius trader and I would be glad to see one with account trading history to back the claim.

Set daily or monthly target but be sure that losing days are part of your trading journey.
  • #36,393
  • May 13, 2024 2:11am May 13, 2024 2:11am
Quoting sampat
{quote} May I know what reason they gave for freezing funds? I am using from last 5 years surprisingly they are faster than local bank.
they referred to their terms of service in regard to crypto, forex and other stuff - per their ToS it is forbidden. Went quite a bit back and forth with their incompetent support and eventually, out of all things an automatic payment for a service unfroze my account.

Still, even in 2024 I was getting paid for some financial research by a client who has been paying through Wise for years, it took a month to sort it out. In the last year or so they really went down the hill and I am tentative to keep more than like 1k on there.
  • #36,394
  • May 13, 2024 2:34am May 13, 2024 2:34am
Quoting stirmatt
{quote} Can we have account trading history to validate this theory either yours or someone else who's done it in the past? No matter the amount of pip or dollar target one has, no trader makes profit every single trading day in a month. It's possible to make profit every month and 12 months a year but not profit 20 or 22 trading days a month. I have not seen that genius trader and I would be glad to see one with account trading history to back the claim. Set daily or monthly target but be sure that losing days are part of your trading journey.
making stupid statements like this """""no trader makes profit every single trading day in a month. It's possible to make profit every month and 12 months a year""" and even seeing the the truth from the account how does that help you be a better trader ,
people leave, but this thread will go on for ever
  • #36,395
  • May 13, 2024 2:50am May 13, 2024 2:50am
Quoting sampat
{quote} Again 10-15 pips is easy for almost all members in the forum can earn that. Earning money is easy in trading than retaining. For example one can easily makes 300$ for 5 days it will just take 1 day to wipe out every thing. So even if trader has NO skill MONEY MANAGEMENT will make money in long term provided trader has enough capital to throw dart. It is important to know when to stop in loss. If one stays long enough they will earn money.
I agree. Trading is more than making 10 pips a day. The problem is the losing days, when you cant seem to catch the 10 pips, then 50 pips loss means you have lost a weeks worth of work and that will work you up. Traders need to learn how to trade professionally
I'm high on trading, cant you tell?
  • #36,396
  • May 13, 2024 2:53am May 13, 2024 2:53am
Quoting Trader191
{quote} i don't know if he is better, never compared to him, because would need to compare the live accounts. i would need to check how much drawdown he accepts and how much he wins in all accounts he has together. so not so easy to do comparing with an other trader. but he is not doing what he is writing in his books to 50%, he cant because of his character. that's not total bad, just reduce the chances and people often think he trades like the words he write (what is not) . some ideas are by math wrong, but that's an other story. but when you...
I agree that he is not good at keeping his own advice. If you think you can meassure your winnings with him, then you are really good!

And ok, we should not go further in this discussion. Have a nice winning day.
MetaTrader 4 - so many advantages.
  • #36,397
  • May 13, 2024 3:00am May 13, 2024 3:00am
Quoting stirmatt
{quote} Can we have account trading history to validate this theory either yours or someone else who's done it in the past? No matter the amount of pip or dollar target one has, no trader makes profit every single trading day in a month. It's possible to make profit every month and 12 months a year but not profit 20 or 22 trading days a month. I have not seen that genius trader and I would be glad to see one with account trading history to back the claim. Set daily or monthly target but be sure that losing days are part of your trading journey.
i gave some advice. If it is worth, follow it. Or leave it.
Intraday only.
  • #36,398
  • May 13, 2024 3:07am May 13, 2024 3:07am
Quoting Aussi
{quote} making stupid statements like this """""no trader makes profit every single trading day in a month. It's possible to make profit every month and 12 months a year""" and even seeing the the truth from the account how does that help you be a better trader ,
Truth is the only thing that help people become better in life not this hype that I see here on daily basis. Some of you only know how to post comments and insult people who refused to buy into your reasoning. You can post more insults but until someone here can show me trading account history to back this theory, I won't buy into it.

FX brokers know that people buy into false hope and that's why most of them are still in business.

You have never in your trading life makes profit everyday and you'll not.
  • #36,399
  • May 13, 2024 3:19am May 13, 2024 3:19am
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Have you received it yet?
  • #36,400
  • May 13, 2024 3:27am May 13, 2024 3:27am
Quoting navk
{quote} i gave some advice. If it is worth, follow it. Or leave it.
Advise is freely given and I understand you my friend. There's account analysis you did around January 2024 using prop firm and your personal, as much as I cherished it and the possibility of it but I know you can not maintain that kind of grow for long without blowing the account.
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