I would stop trading the Aussie if I were you. It had good run back in Feb. but it's stopped. The market range and momentum has been terrible starting in March. If your trade system is a trend-following one, I would recommend you to trade the EU or ...

Funded Traders - Pros n Cons

We are doing EXACTLY what the title of this thread says: Discussing the "Pros AND Cons of Funded Trading". Unfortunately with the information that we know and the answers that we could not get for the questions that we asked (we are still waiting ...

Funded Traders - Pros n Cons

And he's touting even in the wrong forum. LOL This is a FOREX forum but MES Capital only funds for Futures trading ONLY so it really begs the question WHY is this thread here?

Funded Traders - Pros n Cons

I actually went to MES Capital's website. For Step 1, you need to send in your personal trading statement over FIVE days (apparently 5 days is long enough for MES to deduce how good of a trader you are when they are potentially prepared to fund you ...

Funded Traders - Pros n Cons

First I am just using the 41% performance record published by Trader1988 as an example. Second, no profit % is 100% sustainable. That is WHY at the end of every single Mutual Fund Prospectus, there is always that tiny fine print that says "Past ...

Funded Traders - Pros n Cons

What are the criterias SPECIFICALLY for the firm to decide to fund the trader or not? For example, what is the target profit % that the trader needs to achieve over how long of a period? What is the daily draw-down limit that the trader can have in ...

Funded Traders - Pros n Cons

I didn't see this post until now. They make you PAY 1000 POUNDS JUST to try out with them? Seriously??!!! So is that 1K pound going to be injected into the funds that they gave you to trade or just payment to them and that's it? If not, with your ...

Funded Traders - Pros n Cons

This is fair. After all you are dealing with other people's hard-earned money. Given all those stringent requirements albeit from Australia, you still had crooks like Bernie Madoff who was able to make away with $70 BILLION. Imagine these ...

Funded Traders - Pros n Cons

When a prop trading firm is REALLY set up to be *genuinely* invested in the trader AND is REALLY set up to help the trader to succeed then yes, it could be a venue for traders to be more accessible to larger trading capital BUT this will expose the ...

Funded Traders - Pros n Cons

But the problem is you are NOT going to get that money from funded prop trading. This is EXACTLY what those funded prop trading firms preys on to lure the traders in. They KNOW that it's hard to start a hedge fund so they dangle this "funded trading ...

Funded Traders - Pros n Cons

If you have read my posts from the beginning, you will see that's EXACTLY my point. If you are making money, why do you need to get other people's money? You can just make your own. I believe the best way to for trader to build up capital is just to ...

Funded Traders - Pros n Cons

Yes hedge funds investors do look for a track record of several years which is fair considering that you are supposed to demo trade for at least *6* months profitably in a consistent manner before you trade live and this is just trading for ...

Funded Traders - Pros n Cons

If you are just looking for people to exchange ideas, you can always come to FF or any other trading forums. Plenty of people here and we are all your colleagues except the few trolls. You don't need to be face to face with people to exchange ideas ...

career as a professional FX trader for hedge funds, banks, etc

Nothing is ever easy whether it's starting a hedge fund or getting hired by a legitimate prop trading firm who is *genuinely* interested in seeing traders succeed. I don't have any experience starting a hedge fund myself but if you do some research ...

Funded Traders - Pros n Cons

Well I disagree. Nothing is ever irrelevant just because of time. The topic this thread discusses is something that traders feel from time to time and I thought it's worth discussing and I wanted to put in my two cents. If you or anybody feels that ...

career as a professional FX trader for hedge funds, banks, etc

I just came across this thread somehow and saw the first post and thought I respond to it. WHY? Do you actually care that much about when a thread is started? A thread is a thread. Is it somehow against some kind of law to reply to a thread that was ...

career as a professional FX trader for hedge funds, banks, etc

Job Title: Foreign Exchange Trader, Investment Trader, Financial Trader or just simply Trader. Why does this a thread need to be started for this? What job title do you think it should be? LOL

What's the job title when working as a retail forex trader?

boredom? You think you will be less bored just because you are trading with a bunch of people in a room? LOL Listen, trading itself IS boring, no matter how you do it where you do it and with how many people you are doing it. It takes a lot of ...

career as a professional FX trader for hedge funds, banks, etc

Well you targetted me on pretty much all of your posts, accusing me of cherry-picking websites and having bias against any firms. Anyway regardless of what scheme the prop trading firm has, whether it's selling courses or being an introducing ...

Funded Traders - Pros n Cons

If you are a successful FX trader, WHY do you need a job? You will be making money for yourself to make a comfortable living and tell those "institutions" to go f*** themselves. Seriously I still hate this notion that "jobs" can only be created by ...

career as a professional FX trader for hedge funds, banks, etc