Setting a daily target is never a good thing imo. Just hold your strategy and set reasonable risk, then take what market gives. Some day might be less, some more, some big. Avoid the big losses and stay consistent with your trading and you will be ...

Prop Firm Hub

Only thing I don't fancy about MFF is the limited hedging. I use hedging extensively, I hedge instead of placing TP/SL and would only close trades before weekends. I often manage to recover many of the losing positions and that improves my stats a ...

Prop Firm Hub

I either close a trade before news or hedge it. BTW, thanks for the link on top of page about FTMO feed, didn't know.

Prop Firm Hub

I know that feel I go through times of bad brain fog and cant think straight, I generally avoid trading cause it often ends up with bad trades. Some rebound with indices atm but short lived imo.

Prop Firm Hub

Noted. Admittedly I dont know much about the inner technical workings.

Prop Firm Hub

Should be lightning fast if happening on same server. But I dont see how few milliseconds delay would be bad. Anything happening on your computer or network could cause much longer delay. Unless the argument is microscalping, I dont see how people ...

Prop Firm Hub

It was quite interesting but I'd argue the accounts aren't really "live" since trades don't go directly to market, but are routed to a master account. Also the "capital" is a virtual allocation as it was specified in the MFF thread. The accounts ...

Prop Firm Hub

I've seen the bad reviews on MFF before coming here but the experienced shares in this thread seemed genuine, so I got convinced of contrary. They might run into some technical issues here and there but that's normal. Try checking their discord ...

Prop Firm Hub

Right click into chart -> properties -> show ask price line. So you can visualize it on the chart. If you are selling either sl and tp will close trade if hit by the ask price line. Cause well, you are selling and you need look at ask price. You ...

FTMO - For serious traders

It's all about maths. Pretend its a 10k account with 10% DD if you are more comfortable with that.

Prop Firm Hub

Or the whole retail trading thing...

FTMO - For serious traders

You are most likely right but I've already got in touch with local accountants and they were clueless. Ill need to look online.

FTMO - For serious traders

Yes, private contract. The contract changes things a lot. The problem is prop firms forces the trader to set up as a business providing a service, hence the regulation. If the trader was employed or the contract was the kind of a collaboration ...

FTMO - For serious traders

I've been looking into this further. Applies to any mirror or copy trading. ESMA considers any automated copy trading portfolio management. There are three parties, the trader, the platform, and the client. If trader also provides the platform ...

FTMO - For serious traders

I think we are good if the money sum is small. If it get serious it might draw attention and at that point is best to set up company ashore and pay yourself via dividends. BTW the ESMA sounds confused herself about the topic. Portfolio management by ...

FTMO - For serious traders

This is what CONSOB (Italian BaFin) has to say about copy trading, basing on ESMA mifid regulations: url Basically says if copy trading is fully automated the service if portfolio management and you need authorisation. If client (like FTMO does) ...

FTMO - For serious traders

This. Even if it was live (technically none of the account with these props is, not even if every trades go to real market), account is managed by the prop firm as its internal to its infrastructure. Its very much unlike a trading account with a ...

FTMO - For serious traders

You don't. You will be managing a simulation. You are basically selling information to FTMO, its consulting service. Then they can do whatever they want with the info, its clearly written in the contract. Trades might or might no go to real market. ...

FTMO - For serious traders

Proper correction with US indices is due. Fed will start tapering in the coming months imo are rates hikes are likely next in 2022. Inflation is not that temporary and leg higher could be next due to gas price and chips shortages. BTW, got a ...

Prop Firm Hub

I've been lucky forgot a buy stop on eurusd yesterday and woke up to green position... not good anyway to forget about pending orders.

Prop Firm Hub