Prop Firm Hub | Page 640 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Anyone trading with a Prop firm 31 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

prop firm new model - my trading journey 871 replies

Attachments: Prop Firm Hub
Exit Attachments

Prop Firm Hub

  • #12,781
  • Dec 3, 2022 6:23am Dec 3, 2022 6:23am
Quoting Bizziebee
{quote} I think the vast majority would hve preferred to see a new and exciting product rather then some sort of lottery
An advent calendar is not a cow that you milk once a year and then have a cheese factory for 100 years.
It's a little light in these dark days (Europe) where you're amazed at a little surprise and maybe you can say: good idea, surprise succeeded.
Do we have to turn a wooden hut into a skyscraper in our dreams? You will feel little joy if you think like this.
  • #12,782
  • Dec 3, 2022 6:51am Dec 3, 2022 6:51am
Quoting BlackOpz
{quote} Reading through it looks like MFF and TFT and actually have a pretty clever demo/LIVE system. EVERYONE trades on demo and all trades are sent to the broker. AI them decides which trades to offset to the real market. Thats Fair because its EASY for a system to track each account and determine who's a net profitable trader. It could be as simple as a couple crossing SMA's that send qualifying trades to the market for accounts that have been net profitable for the last 30 days. Actually pretty clever since most will fail and they NEVER have...

no my question is no that

I would like to know, who is funded, on which PROP you get your account on a "live" server. I don't care if is a real live or fake,

but if it is a live server, I can sell my trades on MQL5.
in holiday till end of November
  • #12,783
  • Dec 3, 2022 7:51am Dec 3, 2022 7:51am
Quoting forexbali
{quote} no my question is no that I would like to know, who is funded, on which PROP you get your account on a "live" server. I don't care if is a real live or fake, but if it is a live server, I can sell my trades on MQL5.
TFT and MFF show live in their funded accounts (while demos show demo).

If it's a real live or a fake live, I have no idea.
  • #12,784
  • Dec 3, 2022 8:34am Dec 3, 2022 8:34am
TFT says in their website faq, the feed is not live but simulated.
Intraday only.
  • #12,785
  • Dec 3, 2022 10:59am Dec 3, 2022 10:59am
Quoting 1odi
{quote} FTMO copy with better prices, lower targets. haven t looked into the leverage offered, min trading days or BS hidden rules in TC but looks ok thus far. payout history? Nvrmd. Saw Blakes video.
The most irritating thing about most of these firms is the marketing.........they take us for absolute idiots. I guess most people are and is why the marketing works. So this one..........LOWEST TARGET IN THE INDUSTRY!!!!!!!! Yes, it is 7.5% and SO IS THE MAX LOSS, so it is flipping an account just like FTMO (10%,10%) or E8 (8%,8%). You can advertise a 1% target, if the max loss is 1%, it is till 100% they are truly asking for.
It seems miniscule, but the firms with the 8% target and 10% DD do increase your chance of passing as they are asking for 80% as opposed to 100%. Of course MFF with 8% and 12% is still by far the best opportunity for traders. Yes, they give 50 days, MFF gives 60 (once again, I have never been denied an extension regardless of how small the profit was)
This may turn out to be a fim I use, I'm not at all saying it is bad, it is just NO BETTER than any of the others and NOT AS GOOD as most, despite THE LOWEST TARGET IN THE INDUSTRY
  • #12,786
  • Dec 3, 2022 11:24am Dec 3, 2022 11:24am
My experience in passing challenges :

1. Never loose money on the first or second day of challenge. This hurts mentality and thus emotion gets in to you.

2) If asian session works for you...trade only that.

If LO works for you, trade only that.

Some people trade indices, if so, do not try to trade forex pairs.

3) Being consistent is important. If you make 0.6 to 1 % a day, stop trading for that day. Never allow greediness to get into you.

4) Never , ever allow daily floating loss close to 4 or 4.5 %. You can never recover from this level.

If daily loss goes close to 2.5 %, stop trading for that day. Because you already got demoralized.

5 ) Trading easy sessions help you to retain account, like asian session.

6 ) If you know a strategy that works only LO, do that.

7 ) For me, I find asia, LO is ok.

8 ) NY session is dangerous to me.

9 ) NFP, CPI ( USA ) are very dangerous news events and if possible try to avoid trading this or trade after 15 mins from news release.

10) Process is important than seeing profits.

Do not day dream how your life is going to change once you earn 600 k account.

11) If i make reasonable money in asian session ( say 0.4 to 0.5 % ), the LO and london session, I try mini basket profits. It may be even 50 dollars profit basket for a 100 k account.

More to come.
Intraday only.
  • #12,787
  • Dec 3, 2022 12:29pm Dec 3, 2022 12:29pm
Quoting navk
My experience in passing challenges : 1. Never loose money on the first or second day of challenge. This hurts mentality and thus emotion gets in to you. 2) If asian session works for you...trade only that. If LO works for you, trade only that. Some people trade indices, if so, do not try to trade forex pairs. 3) Being consistent is important. If you make 0.6 to 1 % a day, stop trading for that day. Never allow greediness to get into you. 4) Never , ever allow daily floating loss close to 4 or 4.5 %. You can never recover from this level. If daily...
Great advice, thanks, but how do you overcome the wider spreads during early asian session ?
  • #12,788
  • Dec 3, 2022 1:01pm Dec 3, 2022 1:01pm
Everyone needs to understand this prop space is as maxed out as it gets. Anyone who is doing better than the next is making a loss somewhere. They are tapped out, there is no more to give. Asking for more is dumb.

It is soooooooooo competitive, the margins are razor thin. FTMO didn't lower their prices for a reason. People expecting more need to have a mental check. If anything, at some point, it will revert to mean.
  • #12,789
  • Dec 3, 2022 3:37pm Dec 3, 2022 3:37pm
Quoting Takisd
Our good friend Jessica Ghaney is making a prop firm with no fees, impossible to achieve trading goals and wait for it.... affiliates get paid for referrals. My guess is there are micro transactions somewhere and a whole new element of scamming.
BTW, do you know the name of the firm I'd like to apply for their public relations job?
Pride always comes before destruction.... -Proverbs 16:18
  • #12,790
  • Dec 3, 2022 4:30pm Dec 3, 2022 4:30pm
Quoting 1odi
now where have you heard that?
A little birdie told me..

Just a thought for everyone on here: IF less liquidity, then less fees for props, means less capacity to pay traders, means increased probability props fold, except orders are being routed to market..

Perhaps this is worth a bother when selecting for a prop..
  • #12,791
  • Dec 3, 2022 4:33pm Dec 3, 2022 4:33pm
Quoting pipmaster77
It seems miniscule, but the firms with the 8% target and 10% DD do increase your chance of passing as they are asking for 80% as opposed to 100%..
straight up..

In order of importance -

1. DD
2. Targets
3. Time
  • #12,792
  • Dec 3, 2022 4:35pm Dec 3, 2022 4:35pm
Quoting pipmaster77
{quote} The most irritating thing about most of these firms is the marketing.........they take us for absolute idiots. I guess most people are and is why the marketing works. So this one..........LOWEST TARGET IN THE INDUSTRY!!!!!!!! Yes, it is 7.5% and SO IS THE MAX LOSS, so it is flipping an account just like FTMO (10%,10%) or E8 (8%,8%). You can advertise a 1% target, if the max loss is 1%, it is till 100% they are truly asking for. It seems miniscule, but the firms with the 8% target and 10% DD do increase your chance of passing as they are...
on paper 0.5% margin is still better then FTMO, prices are lower, no min trading days etc.. while i do agree with most of what u said. the way i see it, u can have 30% max daily loss, if ur not mentally prepared then all the math goes out the window. let s face it, at this point, what can they offer that s better then the competition and not lose in the process like Takisd said? anyways, it might be worth checking it out, competition can t hurt.
  • #12,793
  • Dec 3, 2022 4:39pm Dec 3, 2022 4:39pm
Quoting Thoughts
{quote}A little birdie told me.. Just a thought for everyone on here: IF less liquidity, then less fees for props, means less capacity to pay traders, means increased probability props fold, except orders are being routed to market.. Perhaps this is worth a bother when selecting for a prop..
define what liquidity means for you pls.
Scratch that. u all have a good 1.
  • #12,794
  • Dec 3, 2022 5:30pm Dec 3, 2022 5:30pm
Quoting tradista
{quote} Great advice, thanks, but how do you overcome the wider spreads during early asian session ?
I am trading with TFT and MFF.
TFT spreads are super compared to MFF.
And after Tokyo open, the spread becomes normal.
Trading and mastering one pair is also a good thing for long term success.
I trade only gbpusd
Intraday only.
  • #12,795
  • Dec 3, 2022 6:18pm Dec 3, 2022 6:18pm
Quoting Expo33
{quote} BTW, do you know the name of the firm I'd like to apply for their public relations job?

Tradezie or whatever.

I am not an advocate for new firms or feeding whales.
  • #12,796
  • Dec 3, 2022 7:29pm Dec 3, 2022 7:29pm
I trade Asia after tokyo open ( 9 pm est ) and frankfurt open, London open for a good profit of 0.4 to 0.6 % of the capital. Trade only gbpusd.

Also I find 2hrs after tokyo open and 2 hrs after London open are reasonably quiet sessions, scalping mini basket profits in the range of 100 to 150 bucks ... 4 to 5 baskets..easy in GBPUSD, easy money.

Only gbpusd.

TRading high volatile pairs like gold, Indices are extremely risky to trade in NY session.

Loosing the account is easy.

why I say trading tokyo session in gbpusd is comparatively easy ?

Maximum 60 pips is the range in asia, and price mostly come back to close to daily open before London open.
Intraday only.
  • #12,797
  • Dec 3, 2022 9:01pm Dec 3, 2022 9:01pm
Quoting Takisd
{quote} Tradezie or whatever. I am not an advocate for new firms or feeding whales.
Oh, yea I think I checked that out a few months ago. It's still just a landing page asking for your email.

Sad story. She goes from "I'm flying around on a private jet on your dime bitch" to her pathetic youtube apology crying about how she's so sad that she let everyone down.
Pride always comes before destruction.... -Proverbs 16:18
  • #12,798
  • Dec 3, 2022 10:28pm Dec 3, 2022 10:28pm
Mypropfund i think is the lowest target in the industry at 7% and best scaling,doubling account for every 10%. but no withdrawal,at 15% accounts doubles also and you can withdraw the 15% share. maximum account size though is only 100k,you can only get 200k account at MPF thru Mypropchoice gateways
  • #12,799
  • Dec 4, 2022 12:54am Dec 4, 2022 12:54am
Quoting Takisd
Everyone needs to understand this prop space is as maxed out as it gets. Anyone who is doing better than the next is making a loss somewhere. They are tapped out, there is no more to give.
-To be fair, though, perhaps this is easier for you to understand. But for most of us, we have little idea about what they are working with. We can only go by the numbers/statistics, which generally look pretty favorable. Probably, many of us learn more about the behind-the-scenes stuff from you than from anywhere else.

Quoting navk
TRading high volatile pairs like gold, Indices are extremely risky to trade in NY session. Loosing the account is easy.
-I cannot speak about gold, but indices respond very well to indicators and can be traded on the lower time-frames. Use higher time-frames to gauge direction and lower time-frames for entry/exit. You will see that the market will move differently, depending on the time-block that you are trading, so better to familiarize yourself with that and try sticking to the same block(s) each day. Point being, trading indices does not have to be risky.
  • #12,800
  • Dec 4, 2022 4:31am Dec 4, 2022 4:31am
Quoting Nsak3y
{quote}-To be fair, though, perhaps this is easier for you to understand. But for most of us, we have little idea about what they are working with. We can only go by the numbers/statistics, which generally look pretty favorable. Probably, many of us learn more about the behind-the-scenes stuff from you than from anywhere else. {quote}-I cannot speak about gold, but indices respond very well to indicators and can be traded on the lower time-frames. Use higher time-frames to gauge direction and lower time-frames for entry/exit. You will see that the...

True, but you have to think more about the opportunity. Its like what 2k for 500k of capital if you pass an evaluation? There is only so much a business can risk and if people start chopping the risk and increasing it then we will see more prop firms fall.

I believe there was an instant funding company at some point who died because it was like 500$ for instant funding of 50k or something. Remember, the one with the boat in the google images in dubai?

We have seen these things before, but we just haven't seen it as frequently.
50 traders viewing now