- Search Metals Mine
- Nsak3y replied Jul 22, 2022
-I was looking more at their evaluation model, which offers as much as 35X draw-down for your buy-in for the bigger models, with only 7%/4% targets for challenges. Would be curious to know if they are legit. Sent them an email last night letting ...
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- Nsak3y replied Jul 21, 2022
Two more funding sites. Only briefly looked over them. Cannot vouch for anything here, just sharing info. url url
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- Nsak3y replied Jul 21, 2022
url This is why I ask if you are functioning as a broker; connecting good traders that can pass challenges with bad traders that cannot, then profiting as the middleman. Not dogging you if you are, but probably better to be transparent and honest ...
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- Nsak3y replied Jul 20, 2022
-I thought that it was determined that this firm is likely a scam? -In the case of AutoPropTrader, their offer is killer. But, they are likely scammers, because there is no way.
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- Nsak3y replied Jul 18, 2022
The funded trader does, but maybe it comes with sacrifices.
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- Nsak3y replied Jul 18, 2022
-True. You can even pass most challenges without taking on a lot of risk so long as you are willing to grind it out each day and spend most of the allotted time doing it. Most want it to happen fast, though. I would bet that most of the traders that ...
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- Nsak3y replied Jul 18, 2022
-That pretty much describes most things. Internet marketing is one of the biggest industries. Most of the money is made through people teaching others how to make money. It's a vicious cycle of redundancy.
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- Nsak3y replied Jul 18, 2022
-I don't know. If people are just gambling, then maybe the odds are 50/50 in their mind. -People are dumb (and lazy). I personally wish people would stop paying for direct-funding models. As far as done-for-you services, people pay for expensive ...
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- Nsak3y replied Jul 18, 2022
-I think that to be truly objective, we could also say that many of these firms are just ponzi scams. Maybe not all of them. But it doesn't really matter at the end of the day because people want to use their services. And maybe it's easy to say ...
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- Nsak3y replied Jul 18, 2022
-Well, to be fair, remote prop firm is not the same, especially if you consider the point about trading on a demo account with potentially-theoretical funds. Is it wise to help your sister? Probably not. Is it ethical? Probably not. Is it a scam? ...
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- Nsak3y replied Jul 18, 2022
-I see. I was referring to cases where you would not be charging someone, such as helping a family member or something. But, whether or not that would be wise, is obviously questionable. To call it a scam though...but again, just semantics.
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- Nsak3y replied Jul 18, 2022
-Why would you think so? I can think of one legitimate scenario where that would not be the case. Whether or not it would be wise is a different matter.
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- Nsak3y replied Jul 18, 2022
-I think that we are mostly in agreement. Compiling a list, maybe not so necessary, but that is not so important. Spreading awareness about the potential pitfalls and a big red warning that says AVOID AT ALL COSTS these types of services while ...
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- Nsak3y replied Jul 18, 2022
-Yes. No point in making a list if you assume that they are all scams anyway.
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- Nsak3y replied Jul 18, 2022
-Maybe most, maybe even all, are scamming. We can choose if we want to educate newbie traders regarding those pitfalls, as I say. Just a matter of choice. I personally think, live and let live is the best approach. Or, in this case, live and let ...
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- Nsak3y replied Jul 18, 2022
-Yes, I understand. But that kind of thing happens all of the time. A drug dealer selling empty promises in the form of illegal PED's to wannabe bodybuilders is not good, but there is always a choice. Even if something is illegal, sometimes people ...
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- Nsak3y replied Jul 18, 2022
-Personally, I see the value in sharing experiences and information, good or bad, relating to these prop firms. But sharing info on 3rd-party scammers that offer services that have nothing to do with the firms and are not required in any way, then I ...
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- Nsak3y replied Jul 18, 2022
-I do not know much about these firms, but based on the little bit that I have seen, I would suspect that Expo33's comment about CTI is probably accurate by describing them as an aggressively-marketed education company. So, it may be possible that ...
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