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  • #1,381
  • Jun 2, 2021 11:07pm Jun 2, 2021 11:07pm
Quoting Takisd
ah yes... the old "Why not"... BRB guys, going to go ask goldman sachs if i can trade their money using a guy from instagrams signals bot. Wish me luck.


Zero chances.

Masterrmind ........
Master your Mind then Master your Trades
  • #1,382
  • Jun 3, 2021 1:44am Jun 3, 2021 1:44am
Quoting MaryAnne
{quote} Oh you are right. That's exactly what I am thinking too. It is a lot of headache and pain dealing with emails and queries from 100 ppl esp if they are screaming about losses and demanding refund (these types will always be around). Also, will it affect credit rating if they do chargeback? {quote} Haha nice one. But yes, I've gotten your point
I do know people than can trade and they run a signal service on the side. As long as you position your service correctly making sure clients understand you provide the service with no guarantees and you cannot be held liable for their losses and make them sign a disclosure agreement stating the fact. If you have 100 clients each paying $75 per month, it is a nice revenue stream without any risks, you can actually fund your own trading account with this money for example.
  • #1,383
  • Jun 3, 2021 6:23am Jun 3, 2021 6:23am
Quoting fxbarwise
{quote} I do know people than can trade and they run a signal service on the side. As long as you position your service correctly making sure clients understand you provide the service with no guarantees and you cannot be held liable for their losses and make them sign a disclosure agreement stating the fact. If you have 100 clients each paying $75 per month, it is a nice revenue stream without any risks, you can actually fund your own trading account with this money for example.
That's what I am saying. That $75 x 100 client money per month is too little for those US top traders I know staying staying in gated communities. They make much more every week trading options... I don't have the money and experience tho so I can't do that.

2nd, because they are so good they have big ego. They think it is too 'humbling' for someone of their expertise and position to waste time replying emails. If you are already earning so much, would you wanna risk your reputation running a signal service?

You are right about the disclosure thing. Many gurus do that but regardless, word still spreads around from disappointed customers. Like although I have not personally subscribed to McClellan market reports, I know it is NOT worth it because my trading buddies in slack told me so and proved it. They used to share their subscription (daily newsletter) in there so we could judge for ourselves and see all the hits and misses...
  • #1,384
  • Jun 3, 2021 2:07pm Jun 3, 2021 2:07pm
Quoting MaryAnne
{quote} That's what I am saying. That $75 x 100 client money per month is too little for those US top traders I know staying staying in gated communities. They make much more every week trading options... I don't have the money and experience tho so I can't do that. 2nd, because they are so good they have big ego. They think it is too 'humbling' for someone of their expertise and position to waste time replying emails. If you are already earning so much, would you wanna risk your reputation running a signal service? You are right about the disclosure...
You cannot compare top US traders and retail forex traders.Their trading style is useless for us.We cannot trade like them and they don't trade like us.It's completely different game.
But if you are regular Joe,who's able make in retail forex,I don't see anything wrong on making additional income on selling signals or couching.It helps to kill boredom coming from this profession.
Most of them are anyway scam.
Whether you think you can, or you think you can't,you're right. H.F.
  • #1,385
  • Jun 3, 2021 2:23pm Jun 3, 2021 2:23pm
Quoting Simply-Me
{quote} You cannot compare top US traders and retail forex traders.Their trading style is useless for us.We cannot trade like them and they don't trade like us.It's completely different game. But if you are regular Joe,who's able make in retail forex,I don't see anything wrong on making additional income on selling signals or couching.It helps to kill boredom coming from this profession. Most of them are anyway scam.
I want to be like them one day. They are in stocks, futures and options but yes, some of them said they used to trade forex many years ago I think before the CFTC changed the leverage rules for american traders so who knows? We could join them one day.

And true. Only thing it will prob be too stressful and tiring replying tons of email and Q&A everyday unless I can find a 'partner' lol.
  • #1,386
  • Jun 3, 2021 6:20pm Jun 3, 2021 6:20pm
I'm on the second step for Traders Prop...
60 days to make 5%.
I'm noticing the same as I noticed on FTMO re: bitcoin volumes...
the volumes are very, very steady...
only really rising when there's huge volatility, up or down.
I'm on their Exness feed.

Do you think this is a feed feature,
or related to bitcoin itself?

Axitrader's volume is much more variable, day in and day out, on bitcoin.
  • #1,387
  • Jun 3, 2021 7:39pm Jun 3, 2021 7:39pm
Quoting doyathink
I'm on the second step for Traders Prop... 60 days to make 5%. I'm noticing the same as I noticed on FTMO re: bitcoin volumes... the volumes are very, very steady... only really rising when there's huge volatility, up or down. I'm on their Exness feed. Do you think this is a feed feature, or related to bitcoin itself? Axitrader's volume is much more variable, day in and day out, on bitcoin.
Good going Yo!!

Why did you choose to try out Trader's prop btw?
All the best, looking forward to good reports once funded. Their direct funding offer's the best on paper.
  • #1,388
  • Jun 3, 2021 8:46pm Jun 3, 2021 8:46pm
Quoting doyathink
I'm on the second step for Traders Prop... 60 days to make 5%. I'm noticing the same as I noticed on FTMO re: bitcoin volumes... the volumes are very, very steady... only really rising when there's huge volatility, up or down. I'm on their Exness feed. Do you think this is a feed feature, or related to bitcoin itself? Axitrader's volume is much more variable, day in and day out, on bitcoin.
Traders Prop looks exceptionally good.
Wonder why there has been no discussion on them?
Look Left Trade Right
  • #1,389
  • Jun 3, 2021 9:54pm Jun 3, 2021 9:54pm
Quoting Basill
{quote} Traders Prop looks exceptionally good. Wonder why there has been no discussion on them?
because its an obvious scam.
  • #1,390
  • Jun 3, 2021 10:14pm Jun 3, 2021 10:14pm
Quoting navk
There was a bit draw down there in NY session, but then I just closed all for a small profit. Now well over 5.2 k. 3 trading days elapsed. 4th day in progress. 6 more days to go for minimum trading days. ( 10 days ) Can afford to go slow. {image}
Very unlike you that there is no update.
  • #1,391
  • Jun 3, 2021 10:15pm Jun 3, 2021 10:15pm
Quoting Masterrmind
{quote} Zero chances. Masterrmind ........
How's your $200k challenge?
  • #1,392
  • Jun 3, 2021 11:55pm Jun 3, 2021 11:55pm
Quoting Takisd
{quote} because its an obvious scam.
Is it?? What brings you to that conclusion?
Look Left Trade Right
  • #1,393
  • Jun 3, 2021 11:58pm Jun 3, 2021 11:58pm
Quoting Koop
{quote} Good going Yo!! Why did you choose to try out Trader's prop btw? All the best, looking forward to good reports once funded. Their direct funding offer's the best on paper.
thanks, Koop!
the killer terms tempted me...
7% daily and 12% overall losses can be helpful... and 9% goal on the first step, too.
Nice account growth terms, too.
I am 100% algo...
though will intervene very occasionally,
so it was no trouble to add them in after backtesting on their history.
They are untried, having just started up, so I got their smallest account...
$80 for 10k. They just listed their about 30 traders who were eligible for payout a couple of days ago,
but I haven't heard how it's gone for them. They are not a traditional business by any means,
so it's a gamble. No contracts. I suspect some of this is related to their religious beliefs, but I'm not sure.
  • #1,394
  • Edited 12:27am Jun 4, 2021 12:05am | Edited 12:27am
I understand Takisd's take...
they don't project a very professional air,
and are scant on details and paperwork.

The proof is in the pudding, though.
We'll see how they pay out and treat traders.

They had a very active Telegram,
which they closed to public comment a couple of days ago...
shame, as it was chock full o info and helpful folks,
including TP staff...
as well as the usual rodeo crowd.
Quite a few impatient folks...
they also closed the taking of more accounts for a week or so while they dealt with the existing traders...
not totally staffed, I assume...
it took a week after I emailed them asking for advance to step 2 to hear back at all...but I finally did,
and with the details for the next stage.
re-opened now for new accts, I think.
  • #1,395
  • Jun 4, 2021 6:02am Jun 4, 2021 6:02am
Quoting mixedbags
{quote} How's your $200k challenge?
Post 1 will outline in brief how that challenge and any future challenge turns out.

Elaboration will occur once funded capital hits 1M.

When I take the next challenge it will be mentioned in Post 1.

Masterrmind ........
Master your Mind then Master your Trades
  • #1,396
  • Jun 4, 2021 8:18am Jun 4, 2021 8:18am
Quoting Masterrmind
{quote} Post 1 will outline in brief how that challenge and any future challenge turns out. Elaboration will occur once funded capital hits 1M. When I take the next challenge it will be mentioned in Post 1. Masterrmind ........
Hi MM,I wish good luck to you with your plan.
I've read in post 1,that you failed to reach 10% PT. Sorry to hear that, but maybe you can share with us little bit more information,so we all can learn from it.
Like how much you did? Maybe trade history from MT4 or MyFx.
Might be useful for you to get another insight and for us to see your work.
Whether you think you can, or you think you can't,you're right. H.F.
  • #1,397
  • Jun 4, 2021 8:19am Jun 4, 2021 8:19am
Quoting Basill
{quote} Is it?? What brings you to that conclusion?

They are offering up 2k free money if you just pay? No program should offer you direct funding with insane company risk. Prop firms are about benefiting from minimal risk and highest reward. If they are offering you too much risk from their side, then its them expecting not to pay you anything.

Their website is pixelated and grainy.
  • #1,398
  • Jun 4, 2021 10:55am Jun 4, 2021 10:55am
Wow, this is a great thread, couple of hours to get through. My first post, and no I am not promoting this, just came across it a few days ago, it looks like Blake is getting his cut of the prop trading gold rush. thefundedtraderprogram
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  • #1,399
  • Jun 4, 2021 1:19pm Jun 4, 2021 1:19pm
Quoting MoxFulder
Wow, this is a great thread, couple of hours to get through. My first post, and no I am not promoting this, just came across it a few days ago, it looks like Blake is getting his cut of the prop trading gold rush. thefundedtraderprogram {image}

The website looks like a mobile game. However the 200:1 leverage and 5 added days for the first stage and 80% makes it attractive. Also max per trader is 600k.


Broker is FXChoice.

( I am also not promoting this.) I am gonna start soon with FTMO.


I think this ''competition'' might lead the top choices make the experience better for the customer meaning us.
  • #1,400
  • Jun 4, 2021 2:18pm Jun 4, 2021 2:18pm
Quoting Phenotype
{quote} The website looks like a mobile game. However the 200:1 leverage and 5 added days for the first stage and 80% makes it attractive. Also max per trader is 600k. Broker is FXChoice. ( I am also not promoting this.) I am gonna start soon with FTMO. I think this ''competition'' might lead the top choices make the experience better for the customer meaning us.
Not sure how he is doing this based in US. I have used offshore brokers for many years, FXChoice being one of them. They stopped onboarding NEW US clients back in October. Being a previous customer, I still trade with them. Point I am getting at is.....unless there was an existing FXChoice account, this is 100% all demo. Which, no big deal, not sure how their model is going to be working, just throwing some facts out there.
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