Prop Firm Hub

Quoting Masterrmind

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{quote} Hi Garfield75, Since I'm trading both accounts manually it is simpler to apply identical risk to both accounts especially in the early stages. 100K uses 2.5 lots per trade on EURUSD. 200K uses 5.0 lots per trade on EURUSD. A 40 pip stop is close to 1% risk per trade. Leverage applied is 2.5 per trade. Risk may vary between the 2 accounts in the later stages. Symbol choice may also change between the 2 accounts in the mid to later stages. Initially the plan was to trade just the $200K challenge account but since each account at MFF has a...

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Quoting garfield75

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{quote} Thank you for the detail response. 100K & 200K MFF combo is a good idea. I will do the same for the next round once I finish this and get a payout. Cheers Garfield

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Quoting Masterrmind

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{quote} Your $200k MFF challenge is going well, almost there. Masterrmind .........

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Quoting QAndy

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Let's do simple math from summarizing facts which are widespread over the websites of FT and FTMO. So about 92% failed challenges according to FTMO. On FT they say the average profitable trader makes 7.5% monthly. That is from $100k account =$7500, with 90% profit split on FT =$6750 profit for the client, which is about ~11 times of the fee of such $100k challenge of $620. So 1 profitable trader can finance 11 loosers, which is exactly the FTMO statistics of 92% failures. So in the sum there is no profit, until they change the rules and refuses...

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Quoting Takisd

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sooooooooooooo today..... There is this thing.... its an interesting thing..... its very interesting actually. There are a group of "amazing traders" who are doing evaluations/challenges for people just buy gridding US30. When US30 dips they obviously get burned, but most of the time they are right because US30 historically only goes up. This has opened my 3rd brain a little bit (the one in my toe) to the idea of amassing challenge victories by doing such strategy after testing of course. Have we just found the secret sauce? More at 11

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Quoting pipmaster77

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{quote} I trade with both MFF and FTMO. Would not touch FT from the get go, too many red flags, which turned out to be a correct decision. I have been paid many times from FTMO and just received my first payout from MFF two days ago. Not sure how FTMO does it, but MFF 100% is executing my trades live in the market. I get a notification every time a trade hits a target or a stop. This notification is not addressed to me, it is actually addressed to MyForexFunds. I assume FTMO executes in the same manner. FT, as has been shown over and over here,...

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Quoting Takisd

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{quote} Its easy to execute all trades and still benefit from a customers losses, especially a customer without a stop loss. Providing you have the brain/know how to identify people who use copiers, EA's that execute, or have ridiculously tight stop losses. Trading against a customer you only really have to earn spread to make profit from volume as the per million is significant. There is a point where per million in volume you earn more than just b-booking someone. In the case of FT its harder because Jessica spends before she earns. Depending...

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Quoting Clint33

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{quote} But what is our benefit? We only have losses from this model(if it true).

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Quoting Muhammedfx

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I visit this thread for only one reason

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Quoting endgame99

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00Was wondering why so many youtube channels promote Funding Talent. And here is the answer. They give you $200 commission for $100K account sale. That is 32% and FTMO offers only 8% commission. With all the money FT has to pay to the affiliates, they have much less left for paying profitable traders. {image}

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Quoting pipmaster77

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{quote} To learn from us experts in prop trading? To share your twitter handle? Waste time? Anyone else have a guess? I give

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Quoting pipmaster77

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{quote} Yes, more of a multi level marketing company than a trading firm. Maybe they can start selling vitamins and skin care as well.

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Quoting endgame99

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00{quote} Herbalife pays 73% back to distributors. Many other MLMs pay less. But 32% is hell of a commission for just recommendation and no need to push overpriced vitamins. FT is taking huge financial hit with this. I find this to be desperate move. Smart business owner would never give up 32% in prop business.

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Quoting Muhammedfx

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{quote} @Takisd knows it ask him

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Quoting pipmaster77

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{quote} Takisd, what's the answer? The suspense is killing me.

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Quoting Takisd

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{quote} He's waiting for Expo to brand Jessicas backside with the Halal symbol... I gave up waiting, felt my breath being baited was not worthy.

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