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  • #13,341
  • Jan 6, 2023 2:47am Jan 6, 2023 2:47am
Quoting doyathink
{quote} Lux may be an option. Search out all the Lux discussions here if their offering looks good. I tried, but did not succeed in the long run, but it may suit you. Positives: no time limit, 6% goal with 4% dd allowed, reasonable trading conditions, good scaling plan. Negatives: The 4% dd is trailing. Must declare and then trade asset classes and sizes... i.e. if trading indices, forex pairs and metals are not an option. If you trade 1 lot usually, trading 0.1 or 10 lots may get you denied. Expert advisors must be pre-approved and written by you....
Stay far far away from Lux trading firm. We have discussed it before:

https://www.forexfactory.com/thread/...6#post14172146
  • #13,342
  • Jan 6, 2023 3:22am Jan 6, 2023 3:22am
1320 traders on Tom Hougaard live trading chat this morning - my goodnes that is a lot of traders!
  • #13,343
  • Jan 6, 2023 3:49am Jan 6, 2023 3:49am
Quoting fxbarwise
{quote} It is not good to have a strategy based on luck mate.
My point exactly.
  • #13,344
  • Jan 6, 2023 4:06am Jan 6, 2023 4:06am
I personally prefer instant funding which scales up 2x each time you hit profit target. Cost less than $100 to get started and you can trade almost any way you want. I have no interest in spending 1-2 months trading challenges when I can make money from day 1.
  • #13,345
  • Jan 6, 2023 5:57am Jan 6, 2023 5:57am
Quoting TraderTero
I personally prefer instant funding which scales up 2x each time you hit profit target. Cost less than $100 to get started and you can trade almost any way you want. I have no interest in spending 1-2 months trading challenges when I can make money from day 1.
With who?
  • #13,346
  • Jan 6, 2023 6:42am Jan 6, 2023 6:42am
Quoting Bizziebee
{quote} With who?
Please see https://www.forexfactory.com/thread/...nded-instantly
  • #13,347
  • Jan 6, 2023 6:58am Jan 6, 2023 6:58am
Quoting TraderTero
Please see https://www.forexfactory.com/thread/...nded-instantly
-Instant funding programs are not the best option in most cases. That has been discussed here ad nauseam.

It seems that you are directing people to a thread that you created, which directs people to a website that you presumably created, that is full of affiliate/referral links. You should probably have a commercial member label added to your profile here. Not sure what the requirements are for that, though.
  • #13,348
  • Jan 6, 2023 9:23am Jan 6, 2023 9:23am
Quoting Nsak3y
{quote}-Instant funding programs are not the best option in most cases. That has been discussed here ad nauseam. It seems that you are directing people to a thread that you created, which directs people to a website that you presumably created, that is full of affiliate/referral links. You should probably have a commercial member label added to your profile here. Not sure what the requirements are for that, though.
This thread is 668 pages long and I'm sure that many things have been discussed here several times. I have read approximately the last 50 pages and noticed only one discussion about instant funding accounts. In this someone was posting an xls explaining why trading your own money would be better than using instant funding.

I don't agree with that because if your instant funding account scales up 2x every time you make 10% profit, you could soon be trading a 1 mil account with a minimal investment. Your PF would be a bit less than with a challenge account but equity could be 10x and on top of that you can grow your account at your own pace without any pressure artificially created by the prop firm. You would also not be risking your own equity which could be an important factor.

The fact is that if you are not able to perform steady results with low DD, no prop account will be working for you. In my books the challenges are just a way for the prop firms to collect easy money from people who are not experienced or lucky enough to pass them. They are also doing their best to prevent people from succeeding.

Btw, I posted my thread on this same Commercial forum so I don't think it was such a big crime. It's up to FF to decide if my status should be Commercial, I personally could care less.
  • #13,349
  • Jan 6, 2023 9:41am Jan 6, 2023 9:41am
Quoting TraderTero
This thread is 668 pages long and I'm sure that many things have been discussed here several times. I have read approximately the last 50 pages and noticed only one discussion about instant funding accounts.
-Depending on your forum settings, you may need to read more than 50 pages.

Quoting TraderTero
Btw, I posted my thread on this same Commercial forum so I don't think it was such a big crime. It's up to FF to decide if my status should be Commercial, I personally could care less.
-I do not think that it is a crime, either. I do think that it should be disclosed that you are leading people to a website with your affiliate links, though, especially since you are not labeled as a commercial member here. Transparency is best.
  • #13,350
  • Jan 6, 2023 9:50am Jan 6, 2023 9:50am
Quoting Nsak3y
{quote}-Depending on your forum settings, you may need to read more than 50 pages. {quote}-I do not think that it is a crime, either. I do think that it should be disclosed that you are leading people to a website with your affiliate links, though, especially since you are not labeled as a commercial member here. Transparency is best.
I believe also on transparency. That's why I made the new thread, there are no affiliate links on the thread page. You are not forced to press any affiliate link unless you want to. It's good that you protect us consumers.
  • #13,351
  • Jan 6, 2023 9:56am Jan 6, 2023 9:56am
Quoting TraderTero
{quote} This thread is 668 pages long and I'm sure that many things have been discussed here several times. I have read approximately the last 50 pages and noticed only one discussion about instant funding accounts. In this someone was posting an xls explaining why trading your own money would be better than using instant funding. I don't agree with that because if your instant funding account scales up 2x every time you make 10% profit, you could soon be trading a 1 mil account with a minimal investment. Your PF would be a bit less than with a...
But it doesn't scale every time you make 10% profit.......if you are making 10% profit with a 5% DD limit........THAT IS 200% ON YOUR PERSONAL ACCOUNT. There are no opinions when it comes to math.
  • #13,352
  • Jan 6, 2023 10:27am Jan 6, 2023 10:27am
Quoting TraderTero
That's why I made the new thread, there are no affiliate links on the thread page. You are not forced to press any affiliate link unless you want to.
-Not everyone will realize that they are clicking on an affiliate link. In some countries, you are legally required to disclose that you are affiliated.

Quoting TraderTero
It's good that you protect us consumers.
-Not really about that. It is about integrity and advocating for transparency.
  • #13,353
  • Jan 6, 2023 10:27am Jan 6, 2023 10:27am
Quoting pipmaster77
{quote} But it doesn't scale every time you make 10% profit.......if you are making 10% profit with a 5% DD limit........THAT IS 200% ON YOUR PERSONAL ACCOUNT. There are no opinions when it comes to math.
It does scale every time but there is obviously a limit. You should also not compare the equity directly. For example an instant funding account for $1250 cost you around $90 to open and it can scale up to 40k. My investment and risk is $90 and if I'm successful I will be making soon profits from a 40k account.

Let's presume that you make 10% per month, it will take 65 months for $90 to reach 40k. Your instant funded account gets to 40k after 6 months. Your PF is 50% and you withdraw every month the profit of 2k, 60mx2k=120k. So, in this case I would have made 80k more than with trading my $90 to 40k with only risking $90.
  • #13,354
  • Jan 6, 2023 10:34am Jan 6, 2023 10:34am
Quoting TraderTero
{quote} It does scale every time but there is obviously a limit. You should also not compare the equity directly. For example an instant funding account for $1250 cost you around $90 to open and it can scale up to 40k. My investment and risk is $90 and if I'm successful I will be making soon profits from a 40k account. Let's presume that you make 10% per month, it will take 65 months for $90 to reach 40k. Your instant funded account gets to 40k after 6 months. Your PF is 50% and you withdraw every month the profit of 2k, 60mx2k=120k. So, in this...
That $1250 account with 4% DD is really a $50 account, it cost you $90........IT'S NOT A GOOD DEAL. You see, your risk is not based on the "equity", that amount is meaningless, your risk needs to be based on your max loss. I have been trading with props for 3 years, unless you are getting DD 5x or more what your fee is......better off in a personal account. Instant funding is the opposite, fee is higher than max loss allowed, you actually start losing money from day 1.
  • #13,355
  • Jan 6, 2023 10:38am Jan 6, 2023 10:38am
Quoting pipmaster77
{quote} That $1250 account with 4% DD is really a $50 account, it cost you $90........IT'S NOT A GOOD DEAL. You see, your risk is not based on the "equity", that amount is meaningless, your risk needs to be based on your max loss. I have been trading with props for 3 years, unless you are getting DD 5x or more what your fee is......better off in a personal account. Instant funding is the opposite, fee is higher than max loss allowed, you actually start losing money from day 1.
Wait, i wanna understand more of this logic you just explained. Can you do it from zero and try to explain in to like a kid?

Thanks!
How to succeed in zero sum game?
  • #13,356
  • Jan 6, 2023 10:43am Jan 6, 2023 10:43am
Quoting dempire1
{quote} Wait, i wanna understand more of this logic you just explained. Can you do it from zero and try to explain in to like a kid? Thanks!
Search my posts in this thread, it has been explained numerous times. Just wrapping up my week, if I get a few moments, I'll try to summarize the benefits of challenge accounts vs. instant funding.
  • #13,357
  • Jan 6, 2023 10:51am Jan 6, 2023 10:51am
Quoting pipmaster77
{quote} That $1250 account with 4% DD is really a $50 account, it cost you $90........IT'S NOT A GOOD DEAL. You see, your risk is not based on the "equity", that amount is meaningless, your risk needs to be based on your max loss. I have been trading with props for 3 years, unless you are getting DD 5x or more what your fee is......better off in a personal account. Instant funding is the opposite, fee is higher than max loss allowed, you actually start losing money from day 1.
Not sure how you get to that number. The max DD is 8% plus you can create a buffer by not withdrawing all your profits. I hardly ever have more than 8-10% DD even when trading a small account and the 1:100 leverage is enough. With bigger accounts I'm trying to keep the DD at max 2-3%.

I'm trading my own funds, using instant funding and also manage substantial amounts of client funds. I find using instant funding a good way to minimize your own risk and the payout is better than with normal managed accounts.
  • #13,358
  • Jan 6, 2023 11:16am Jan 6, 2023 11:16am
Quoting TraderTero
{quote} Not sure how you get to that number. The max DD is 8% plus you can create a buffer by not withdrawing all your profits. I hardly ever have more than 8-10% DD even when trading a small account and the 1:100 leverage is enough. With bigger accounts I'm trying to keep the DD at max 2-3%. I'm trading my own funds, using instant funding and also manage substantial amounts of client funds. I find using instant funding a good way to minimize your own risk and the payout is better than with normal managed accounts.
OK, so 8% is $100, you paid $90....not withdrawing your profits simply means you are scaling your own account. Here's the question, if you normally risk 1% per trade....are you going to risk 1% of the $1250 or 1% of the $100? If it is the $1,250, you are actually risking 12.5% because 8 losses and you're done.
With the average challenge account, you pay $500 for 100K with 10% DD (10K).........so pay $90 for $100 max loss or $500 for $10K max loss?
The no time limit and the scale to billions of dollars using your own profits is all very clever marketing.
  • #13,359
  • Jan 6, 2023 11:35am Jan 6, 2023 11:35am
Quoting pipmaster77
{quote} OK, so 8% is $100, you paid $90....not withdrawing your profits simply means you are scaling your own account. Here's the question, if you normally risk 1% per trade....are you going to risk 1% of the $1250 or 1% of the $100? If it is the $1,250, you are actually risking 12.5% because 8 losses and you're done. With the average challenge account, you pay $500 for 100K with 10% DD (10K).........so pay $90 for $100 max loss or $500 for $10K max loss? The no time limit and the scale to billions of dollars using your own profits is all very clever...
I would pay the $90 and start to make instant profits rather than spend 2 months on some stupid challenges. I for example bought a 100k direct funding account for around $1200. I paid $700 more than for a challenge account but during the time the challenge takes, I could be making some 10-15k in profits without any time constrains.
The DD is counted from initial balance so using you own profits as buffer is only for a very limited time under normal circumstances.
  • #13,360
  • Jan 6, 2023 12:00pm Jan 6, 2023 12:00pm
Quoting TraderTero
{quote} I would pay the $90 and start to make instant profits rather than spend 2 months on some stupid challenges. I for example bought a 100k direct funding account for around $1200. I paid $700 more than for a challenge account but during the time the challenge takes, I could be making some 10-15k in profits without any time constrains. The DD is counted from initial balance so using you own profits as buffer is only for a very limited time under normal circumstances.
and that's fine.......my point is take the $90 and trade it on your own.......the outcome is the same without giving up 50% or whatever split.
There is simply no advantage whatsoever to instant funding over personal. Your risk per trade is the same on $90 as it is on a $100 account. Done proving my point, it is simple math. You either get it or you waste your time with instant funding. Choice is ultimately yours.
Why do you think nobody here is using any of the instant funding companies?
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