- Search Metals Mine
- sampat replied May 14, 2024
Problem with that thing is it will get too big to handle. For example with 3 months cap traders are accumulating 100K+ what if they do for 12 months?
Prop Firm Hub
- sampat replied May 14, 2024
Real news will not come out until it happens. Money gone for challenge or eval is considered as write off for trading business.
Prop Firm Hub
- sampat replied May 13, 2024
Well they had back to back 90% of every long weekend last year and still they were strong. Again people getting confused with eval fees. Their main bread and butter is in PA fees which will never have discount.
Prop Firm Hub
- sampat replied May 13, 2024
I am not sure how it is good? Even if there is 1000 fake ponzi prop firms and payout money. Why do we as a trader care about real or fake?
Prop Firm Hub
- sampat replied May 13, 2024
Yes only for Darwin Zero. Opening classic account (brokerage account) is not allowed.
Prop Firm Hub
- sampat replied May 13, 2024
DarwinIA calibration (stage where they learn trading style and adjust risk for signal account) is done
Signal account Overall profit - 60.26% Max loss - 15% Total Trades - 1656 Trading days - 15 Mostly traded - NDX Index Darwin Index profit - ...Prop Firm Hub
- sampat replied May 13, 2024
Failed challenges + PA fees + no refunds + payout cap. Lets do math one challenge with 80% discount is like 35$ (pass rate best case scenario is 25%) for 50K account and PA fees is 140$. Total income = (35 * 4 + 140) 280$ (minimum) for 2.5K drawdown ...
Prop Firm Hub
- sampat replied May 13, 2024
For futures odds are more in their favor probably 100 times more as compared to forex prop firms. Unless CFTC disrupts they will remain.
Prop Firm Hub
- sampat replied May 12, 2024
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 ...
Prop Firm Hub
- sampat replied May 12, 2024
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 ...
Prop Firm Hub
- sampat replied May 12, 2024
Playing devils advocate one can make profits more than 300$. I think there should be target lower target and upper target limit and most important daily loss limit. Also we are not hedge fund one needs to take risk to make money. Once account gets ...
Prop Firm Hub
- sampat replied May 12, 2024
May I know what reason they gave for freezing funds? I am using from last 5 years surprisingly they are faster than local bank.
Prop Firm Hub
- sampat replied May 12, 2024
Yes it will be like local bank. You can treat like Multi currency wallet
Prop Firm Hub
- sampat replied May 12, 2024
I think it is easier to have small account and copy to larger accounts. For example if I have 1000$ account and make 30$ (copy 10x over larger account. Mentally it is easier to reach target 30$ and stop at 30$) and user tradecopier on larger account
Prop Firm Hub
- sampat replied May 12, 2024
Highlighted part is the most difficult. When to stop? Usually trader becomes greedy when reaches target or if there is no loss limit try to recover loss to reach target on loosing days.
Prop Firm Hub
- sampat replied May 12, 2024
100K account is technically 10K account so 6% is 600$ yes it is possible. 6K is 60%. Even 60% is possible but million dollar question how emotional a trader is with the money thats why it is easy to make 50$ from 100$ in 1 day or week but not 50K ...
Prop Firm Hub
- sampat replied May 10, 2024
Because wise gives pre-paid digital card. Usually those type of cards are like debit card. Actually they are better than crypto payments as there is no transaction fees or anything. If you want to pay in euro covert our local currency to euro wallet ...
Prop Firm Hub
- sampat replied May 9, 2024
Usually this kind of profits are not made on daily basis trader is accumulating probably over 6+ months as for first 3 month there is consistency rule and you have to make request atleast once a month to become eligible for withdraw full amount. ...
Prop Firm Hub
- sampat replied May 9, 2024
Because Canadians are privileged people
as we pay higher taxes. They are protecting us for predatory forex world. Open wise account and use digital card from there. It will be cheaper saves lot of foreign transaction fees and never blocks ...Prop Firm Hub