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  • #39,141
  • Jul 13, 2024 9:36am Jul 13, 2024 9:36am
Quoting Stoneyrocks
{quote} the biggest advantage traders like we have is the small size we trade , a good short term trader can outperform any of those big funds …you can scalp profitable with 20 lots , the same strategy wont be profitable with 1000 lots sooner or later the profit you make will reach a maximum as size increases and then start to decline because of limited liquidity in the market so you are comparing apples with oranges in a way..
true, you exchanges edges.
when you are big you have different edges, when you are small you have different edges (if you calculate result in percentage).
it is not like with fast internet connection against slow internet connection, where fast is always better.

the good thing is, there are always advantages and disadvantages, edges you can use and what you cant use because of your size (to have same percentage performance).
as retail trader with only some 100k account balance 100% each year should be possible with small drawdown when you are already consistent profitable after many years.
as bigger fund manager you will have 20% a year (when you are very good) and are very happy with this result.
  • #39,142
  • Jul 13, 2024 9:40am Jul 13, 2024 9:40am
Quoting RoelsMajor
{quote} You're confusing percentage profit with positional size. If the market moves 3%, then both those with large capital and those with small will profit the same percentage-wise (scale). The downside is that small traders with smaller lots are less able to move the market compared to hedge funds.
he spoke about scalping, the big large capital would not come inside this scalp trade with big money, so would only get small percentage win because could often only invest same small amount like small money account (in his case 20 lots until spread increase and chance risk ratio gets bad), thats why big money use different strategies. for long term trading and some swing trade strategies its near same percentage between large or small capital (depends of course how liquid is the trading asset).
  • #39,143
  • Jul 13, 2024 10:00am Jul 13, 2024 10:00am
What does TFT mean by “Platform 5” ? Do they mean MT5? If so, it seems less confusing to use MT5 instead of Platform 5, no?
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If you're not architecting, you're building someone else's plan.
  • #39,144
  • Jul 13, 2024 10:26am Jul 13, 2024 10:26am
Quoting Trader191
{quote} he spoke about scalping, the big large capital would not come inside this scalp trade with big money, so would only get small percentage win because could often only invest same small amount like small money account (in his case 20 lots until spread increase and chance risk ratio gets bad), thats why big money use different strategies. for long term trading and some swing trade strategies its near same percentage between large or small capital (depends of course how liquid is the trading asset).
What I mean is this: mathematically, the comparison is the same if you use percentage scaling, not the psychology aspect. When using 2 lots to scalp 5 pips risk (0.10%) on a 100k account, the risk is the same as when using 20 lots to scalp 5 pips risk (0.10%) on a 1mio account. It's true that the larger the account, the more challenging liquidity becomes, but it seems to be just fine for regular forex trading. For stocks, it might be true as they are typically 10x or 50x smaller in terms of liquidity. So for CAGR (with scale), it's the same thing.
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  • #39,145
  • Jul 13, 2024 10:58am Jul 13, 2024 10:58am
Quoting RoelsMajor
{quote} What I mean is this: mathematically, the comparison is the same if you use percentage scaling, not the psychology aspect. When using 2 lots to scalp 5 pips risk (0.10%) on a 100k account, the risk is the same as when using 20 lots to scalp 5 pips risk (0.10%) on a 1mio account. It's true that the larger the account, the more challenging liquidity becomes, but it seems to be just fine for regular forex trading. For stocks, it might be true as they are typically 10x or 50x smaller in terms of liquidity. So for CAGR (with scale), it's the same...
if you exchange scalp with long term trading you are right. in scalping when you increase the size, you have higher costs (spread, slippage ... but often lower commission) to come in the trade and out of the trade (in case of SL, in case of TP maybe not all amount come out of the trade).

the problem is, in 1 mio account you use more 100 lot and 25 lot in the 100k account (just random numbers, but many use higher than 0,1% for risk/trade) . then you see a bigger difference.
  • #39,146
  • Jul 13, 2024 11:06am Jul 13, 2024 11:06am
Quoting Capablanca
{quote} I don't trust them a bit but I got paid several times. My first experience was bad. Vitore has a payout denied for using copier, if I remember well. https://www.forexfactory.com/thread/...7#post14660217 My recent experience: https://www.forexfactory.com/thread/...4#post14844114 I would recommend that you keep payouts low, let's say in the 4 figures medium / low, don't use crazy lots, keep a decent risk per trade and don't use VPN, VPS and copiers. If you do that I believe you have better chances of...
Hi @Capablanca,
I decided to pay for the account because they were offering a bonus of $1,000 for any delayed payouts.
This seemed like a good way to get a better overall experience.
  • #39,147
  • Jul 13, 2024 11:28am Jul 13, 2024 11:28am
Quoting TraderTero
{quote} Climate change is a fact believe or not and none of his claims are proven facts. Do your your research and don't believe in fairy tales and DT.

https://x.com/CovertRecon_17/status/1811820139509113161

  • #39,148
  • Jul 13, 2024 11:37am Jul 13, 2024 11:37am
Why does The Funded Trader keep changing their broker provider? or is this the case with other prop firms too? When they change does that mean current traders have to change or they can keep their previous broker?
If you're not architecting, you're building someone else's plan.
  • #39,149
  • Jul 13, 2024 11:39am Jul 13, 2024 11:39am
why are people still using confirmed scam thefundedtrader?
  • #39,150
  • Jul 13, 2024 11:42am Jul 13, 2024 11:42am
Quoting Takisd
why are people still using confirmed scam thefundedtrader?
Ah good to know about TFT. I haven’t started with any of them, but I’m thinking of IC Funded, assuming they’re using IC Markets Standard Account as their broker provider.
If you're not architecting, you're building someone else's plan.
  • #39,151
  • Jul 13, 2024 11:48am Jul 13, 2024 11:48am
Quoting XMR
What does TFT mean by “Platform 5” ? Do they mean MT5? If so, it seems less confusing to use MT5 instead of Platform 5, no?
-If I had to guess, it is a clone of metatrader 5 (or actually MT5 and an attempt to stay off the radar). I know of a broker that started using a clone of MT4 shortly after Meta went on a banning spree, and it is literally the same thing, just called something else. Honestly, I would not use any firm/broker that takes this 'blackhat' route. As mentioned, I would stay far away from The Funded Trader anyway.
  • #39,152
  • Jul 13, 2024 12:04pm Jul 13, 2024 12:04pm
Quoting NolanFelix
{quote} Hi @Capablanca, I decided to pay for the account because they were offering a bonus of $1,000 for any delayed payouts. This seemed like a good way to get a better overall experience.
It's a false promise, a marketing trick to attract people and easily to manipulate.

They say "within 24 hours of the request".

However, in one of the request days I had my account pending for verification until the next day. Then, yes, the request bottom is activated and after my request the 24h count started. It was an easy way of making it 48 hours, despite they make that false promise of the 24 hours.

So, it all depends when your account is ready for request, sometimes is immediate, sometimes you may end the 14 days cycle and be waiting 1, 2, 3 days to request.
  • #39,153
  • Jul 13, 2024 12:06pm Jul 13, 2024 12:06pm
Quoting Nsak3y
{quote}-If I had to guess, it is a clone of metatrader 5 (or actually MT5 and an attempt to stay off the radar). I know of a broker that started using a clone of MT4 shortly after Meta went on a banning spree, and it is literally the same thing, just called something else. Honestly, I would not use any firm/broker that takes this 'blackhat' route. As mentioned, I would stay far away from The Funded Trader anyway.
Appreciate the insight guys. Thanks for looking out.
If you're not architecting, you're building someone else's plan.
  • #39,154
  • Jul 13, 2024 12:11pm Jul 13, 2024 12:11pm
Quoting XMR
Why does The Funded Trader keep changing their broker provider? or is this the case with other prop firms too? When they change does that mean current traders have to change or they can keep their previous broker?
Because no broker or platform wishes to deal with all of the issues surrounding forex prop firms. They switch platforms, the new platform drops them.....they switch brokers, the new broker drops them. It is so unstable at this point I truly do not understand how folks are still pursing trying to make money with them.
Futures props, Darwinex and your own account.....you'll Thank me later.
  • #39,155
  • Jul 13, 2024 12:17pm Jul 13, 2024 12:17pm
Quoting pipmaster77
{quote} Because no broker or platform wishes to deal with all of the issues surrounding forex prop firms. They switch platforms, the new platform drops them.....they switch brokers, the new broker drops them. It is so unstable at this point I truly do not understand how folks are still pursing trying to make money with them. Futures props, Darwinex and your own account.....you'll Thank me later.
Yeah I’m getting that impression too. But the Broker versions of prop firms, I assume those are stable?
If you're not architecting, you're building someone else's plan.
  • #39,156
  • Jul 13, 2024 12:17pm Jul 13, 2024 12:17pm
Quoting XMR
What does TFT mean by “Platform 5” ? Do they mean MT5? If so, it seems less confusing to use MT5 instead of Platform 5, no? {image}
I can't speak for TFT but Platform 5 in E8 and Blue is an apparently absolutely normal MT5 standard installation and then they provide the credentials just like a normal meta account. I don't know why they can't y meta. Maybe it's because of the recent problems of meta and props. But I see no difference between MT5 and that so called Platform 5. Even the name is Meta 5 in the menu "About".

I wouldn't go with TFT. This is a proven scam and they were not even providing challenges to the people that had funded accounts in the past.
  • #39,157
  • Jul 13, 2024 1:33pm Jul 13, 2024 1:33pm
Quoting Capablanca
{quote} It's a false promise, a marketing trick to attract people and easily to manipulate. They say "within 24 hours of the request". However, in one of the request days I had my account pending for verification until the next day. Then, yes, the request bottom is activated and after my request the 24h count started. It was an easy way of making it 48 hours, despite they make that false promise of the 24 hours. So, it all depends when your account is ready for request, sometimes is immediate, sometimes you may end the 14 days cycle and be waiting...
Lets see what happens after passing the challenge, but this made me feel bad,
why they are doing this kind of scams, instead they can earn much much more by just doing legit things.
If i feel my hardwork is going to pay off that will incurrage me to work better
but when i feel my hardwork's return could be scammed that will totally destroy mindset and for a trader psychology is everthing.
  • #39,158
  • Jul 13, 2024 1:53pm Jul 13, 2024 1:53pm
Quoting 1odi
{quote} https://x.com/CovertRecon_17/status/1811820139509113161
Instead of watching those stupid videos spend some time reading this:

https://en.wikipedia.org/wiki/Climate_change_denial

We are in the process of destroying our planet and ignorant people like you are speeding up the process.
  • #39,159
  • Jul 13, 2024 2:13pm Jul 13, 2024 2:13pm
Quoting Nsak3y
{quote}-If I had to guess, it is a clone of metatrader 5 (or actually MT5 and an attempt to stay off the radar). I know of a broker that started using a clone of MT4 shortly after Meta went on a banning spree, and it is literally the same thing, just called something else. Honestly, I would not use any firm/broker that takes this 'blackhat' route. As mentioned, I would stay far away from The Funded Trader anyway.
you would think Metaquotes is going after those using a clone of their platform ?
  • #39,160
  • Jul 13, 2024 2:25pm Jul 13, 2024 2:25pm
Quoting TraderTero
{quote} Instead of watching those stupid videos spend some time reading this: https://en.wikipedia.org/wiki/Climate_change_denial We are in the process of destroying our planet and ignorant people like you are speeding up the process.
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