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  • #26,401
  • Nov 18, 2023 9:22pm Nov 18, 2023 9:22pm
Quoting Expo33
{quote} Strange choice but good luck and let us know about your experience. There are several other props with better prices for a 10K one-step with the same rules and a reputation as good or better than FX2.
please can you recommend which other firms are cheaper and better than FX2 ?
  • #26,402
  • Nov 18, 2023 11:50pm Nov 18, 2023 11:50pm
Quoting vidvad
{quote} FF is one of the few remaining trading forums where people are actually trying to figure out the business of trading. What few forums remain have largely been abandoned by anyone trying to solve the market and instead are home to bitter nay-saying trolls. We have that here too, but by and large FF people are good people trying to help and support one another. Elsewhere people are there to tear others down. I for one am thankful for FF.
We have that here too, but by and large FF people are good people trying to help and support one another. Elsewhere people are there to tear others down.

I for one am thankful for FF.

  • #26,403
  • Edited 5:19am Nov 19, 2023 12:52am | Edited 5:19am
Regarding youtube trading gurus and such. Something I noticed as well throughout the years even when I was total newbie how these self proclaimed gurus were often people who got bored at trading and realized they could make more cash trying to teach others basics of trading which in reality has no value at all. Since the basics are learning the charts and price action. But they always proclaim to have this holy grail and none do. So its deception at its finest but I suppose entertainment.

I only read one comment about this many years ago on reddit actually which was true. The only genuine videos online which brings some value tends to be those which are of very low quality and no preproduction since no sincere trader would bother with such I noticed too. Generally they have very few view counts too. They dont bother with getting followers, subscribers etc just to get the info out there how they do it for the little time they can spare. Since they dont have to "deceive" the viewer as the youtube trading gurus does.

So in this regard I must agree with TrAndy for sure. Its high risk and higher chance its a "scammer" and about 99% in cases whoever is a self proclaimed guru. Granted rest who doesnt care about followers really, just put videos out there with bad quality , watermarks etc just straight to business can be ok. But even those tbh I watched many years ago the rest 1% didnt give me much value as semi newbie trader I noticed apart from understanding one could actually make profit in the markets even if it seemed hopeless at the point to understand it and the patience required.

Whoever brings more attention to himself than the trading, names or faces I would run so fast . Since that person isnt a veteran trader. Veteran Traders value time I noticed rather than building ego. Since experienced traders, understands how ego works from what I noticed the mind game , psychology trading etc. Due to this would make no sense at all why they would act as a self proclaimed trading guru and give any time for it.
  • #26,404
  • Nov 19, 2023 1:20am Nov 19, 2023 1:20am
Quoting labu
Regarding youtube trading gurus and such. Something I noticed as well throughout the years even when I was total newbie how these self proclaimed gurus were often people who got bored at trading and realized they could make more cash trying to teach others basics of trading which in reality has no value at all. Since the basics are learning the charts and price action. But they always proclaim to have this holy grail and none do. So its deception at its finest but I suppose entertainment. I only read one comment about this many years ago on reddit...
Retail FX is a market of customers (wannabe traders) that are being marketed to on every level from experienced participants of the infrastructure and some traders, and talking trading youtubers that can't trade real accounts otherwise why would they bother if the real accounts were bringing in bank? A bit like selling tools to gold diggers of yester-year instead of digging for gold because that would be hard work now hey? So it's no surprise the market of 'let's promote tools, courses etc.' to customers is not new.

Find one thing from someone that helps. Start at FF and then seek what is lacking. Don't get caught up in dogma and groupie thinking chappies that can't handle a slightly different approach or chat even. And the myths that retail snowball in popularity points of view need to be critically interrogated so you don't waste time learning crap that is not real. Sit in front of a chart and watch it for min 3 years and it'll start to standout. Like gold digging it's hard work and never stops.

All the best.
  • #26,405
  • Nov 19, 2023 1:28am Nov 19, 2023 1:28am
Quoting labu
Regarding youtube trading gurus and such. Something I noticed as well throughout the years even when I was total newbie how these self proclaimed gurus were often people who got bored at trading and realized they could make more cash trying to teach others basics of trading which in reality has no value at all. Since the basics are learning the charts and price action. But they always proclaim to have this holy grail and none do. So its deception at its finest but I suppose entertainment. I only read one comment about this many years ago on reddit...
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  • #26,406
  • Nov 19, 2023 3:22am Nov 19, 2023 3:22am
Anyone has any experience with Funded Next.
I'm thinking of buying an account with them, good reviews..
Not sure why they're hardly mentioned here, unless i missed it. Thanks guys..
  • #26,407
  • Nov 19, 2023 5:26am Nov 19, 2023 5:26am
Quoting Lrg
Anyone has any experience with Funded Next. I'm thinking of buying an account with them, good reviews.. Not sure why they're hardly mentioned here, unless i missed it. Thanks guys..
I got paid by them but had a negative experience.
https://www.forexfactory.com/thread/...9#post14343109

Customer service is provided by people worse than bots. If you have a problem you only get attention if you scream in Telegram groups, twitter or such. Otherwise forget it.

I had to do a video interview (not for social media) to receive my bonus from phase 1 and 2. There are people reporting in Telegram that they had to do an interview before they granted a funded account. Make sure you have a video and are decent speaking English.

Furthermore they have stupid rules about devices and IPs. Make sure you can respect that.
https://help.fundednext.com/en/artic...-at-fundednext

One of our colleagues here (Vitore) was scammed by them. They denied him a payout. He uses copiers and they flagged that as being using services, despite all the proof he provided.

I would avoid Funded Next but if you go ahead be prepared to deal with shady people.
  • #26,408
  • Nov 19, 2023 6:11am Nov 19, 2023 6:11am
Quoting vidvad
{quote} FF is one of the few remaining trading forums where people are actually trying to figure out the business of trading. What few forums remain have largely been abandoned by anyone trying to solve the market and instead are home to bitter nay-saying trolls. We have that here too, but by and large FF people are good people trying to help and support one another. Elsewhere people are there to tear others down. I for one am thankful for FF.
Yes - I agree with a lot of what you say but stand by what I wrote as a generality. After all, healthy debate is being stamped upon by the " Wokes" in our society.Helping also includes constructive criticism which is not always welcome here or elsewhere.
every Saint has a past. Every Sinner has a Future
  • #26,409
  • Nov 19, 2023 6:27am Nov 19, 2023 6:27am
Quoting turnip15
A weekend video for new and struggling traders and prop firm seekers.. Enjoy your week end folks https://www.youtube.com/watch?v=krNmx9loVHM
unfortunately he speaks often so wrong facts, that is bad to hear for my ear and teach so many people wrong facts (but near any coaches has same mistakes, looks really one writes same like next). he miss a lot of the bascis, but when his wins are real (i mean with proofed performance records from his accounts over 10 years ) you can see you can win even by not understanding basic full. but the chance to win gets much lower with this wrong understanding in many points.
  • #26,410
  • Nov 19, 2023 6:33am Nov 19, 2023 6:33am
Quoting T721
{quote} {image}
That quote: "The only thing a Guru sells you is hope," is largely true. Out of the many threads and posts on FF very few are useful ,many post to while away lonely trading hours or to fill a rainy afternoon
However, amongst the mountain of words that constitute FF there are a very few posters who attempt to share, for free, their trading knowledge. What cannot be given away for free is the psychological mindset that marks out a successful trader - that is your battle alone. Skimp that and no amount of buying prop products will assist you to make profit long term. Then you have the challenge of finding a fair prop shop ! Some here, attempt to do so, many haven't a kin clue! Sadly, many blow up because they never learn that the "Drawdown" on a prop firm is the actual amount you have to trade with and to set their 1% of account to trade with accordingly. Alternatively, surely a trader, after proving to himself he can actually trade profitably, after maybe 100 trades ( demo or small account,) would be better funding his own Micro Futures account where he only has to contend with margin ( look at Ninja Trader brokerage,AMP Futures or the main CME website for information on Micro Futures.) Why complicate your life by trying to jump through the hoops of various prop shops, ( Fair props or shady.)
every Saint has a past. Every Sinner has a Future
  • #26,411
  • Nov 19, 2023 6:35am Nov 19, 2023 6:35am
Quoting Capablanca
{quote} I got paid by them but had a negative experience. https://www.forexfactory.com/thread/...9#post14343109 Customer service is provided by people worse than bots. If you have a problem you only get attention if you scream in Telegram groups, twitter or such. Otherwise forget it. I had to do a video interview (not for social media) to receive my bonus from phase 1 and 2. There are people reporting in Telegram that they had to do an interview before they granted a funded account. Make sure you have a video and are decent speaking...
Thank you for your detailed response, really appreciate it.
I wasn't aware that one has to be interviewed and the other shady business.
Maybe I'' go with TFF as many traders here are with them and not much negative being said about them..
  • #26,412
  • Nov 19, 2023 6:46am Nov 19, 2023 6:46am
Quoting Trader191
{quote} unfortunately he speaks often so wrong facts, that is bad to hear for my ear and teach so many people wrong facts (but near any coaches has same mistakes, looks really one writes same like next). he miss a lot of the bascis, but when his wins are real (i mean with proofed performance records from his accounts over 10 years ) you can see you can win even by not understanding basic full. but the chance to win gets much lower with this wrong understanding in many points.
I appreciate English is not your first language but can you elaborate what these "wrong" facts are and what the "correct" facts are, with reference to your sources please?
every Saint has a past. Every Sinner has a Future
  • #26,413
  • Nov 19, 2023 7:04am Nov 19, 2023 7:04am
Quoting turnip15
{quote} I appreciate English is not your first language but can you elaborate what these "wrong" facts are and what the "correct" facts are, with reference to your sources please?
of course. would be better one by one by watching the videos same time, because this are to many mistakes and more easy to understand when hearing his words same time. and difficult to remember all the points and parts at what minutes was exactly.
if you want, you can write me a message (PM) here and we can communicate over a messenger same time and we go through one by one.

and yes, English is not my first language, grammar sucks .
and most of the time source is math, we speak about objective wrong facts here, not subjective. when it is subjective wrong i would not comment, because i could be wrong too, because its just a matter of experience often.
  • #26,414
  • Nov 19, 2023 7:21am Nov 19, 2023 7:21am
Quoting Trader191
{quote} of course. would be better one by one by watching the videos same time, because this are to many mistakes and more easy to understand when hearing his words same time. and difficult to remember all the points and parts at what minutes was exactly. if you want, you can write me a message (PM) here and we can communicate over a messenger same time and we go through one by one. and yes, English is not my first language, grammar sucks . and most of the time source is math, we speak about objective wrong facts here, not subjective....
Not sure if i have done zoom with you but if not let me know and we can sort a time out. I am not saying my way of trading is the only way, it aint. There are thousands of ways to trade but i show how i trade and what to look for and you can record to keep going over it. Also i am no guru -- have nothing to sell ever, i make my money in the market and have a severe disregard for Gurubastards, and even with 3decades of experience i still get trades wrong
  • #26,415
  • Edited 7:39am Nov 19, 2023 7:29am | Edited 7:39am
Quoting T721
{quote} Not sure if i have done zoom with you but if not let me know and we can sort a time out. I am not saying my way of trading is the only way, it aint. There are thousands of ways to trade but i show how i trade and what to look for and you can record to keep going over it. Also i am no guru -- have nothing to sell ever, i make my money in the market and have a severe disregard for Gurubastards, and even with 3decades of experience i still get trades wrong
no, we did not.
we can do for sure. my way is also only one of 1 million ways to do and by best chance not even the near the best way because i dont know some better things , ideas, combinations,.... any part of trading and construction i do because of a special reason (because thats important for me) ,my main goal was to get 100.000% from my starting investment (with low drawdown) in 20 years and got this even much before, by simple doing small step by step.

and losing trades are part of trading, i have many thousand losing trades any year. near any day i have losing trades, just normal in daytrading when you want very small standard deviation and small drawdown. so losing trades are not wrong trades, only wrong is by doing trades outside of tradingplan or doing trades without knowing historic positive outcome of this trade over a set of 1000 trades minimum.

but i will not describe my way of trading, because of daytrading short term i take already big amounts when i trade and i dont want find new and new strategy combinations again and again because people trade exactly same. for swing or long term trading of course not important or less important .
i can only teach to find your own edge, trading strategies, trading plan.... but knowing the way and going the way are 2 different things.
  • #26,416
  • Nov 19, 2023 7:36am Nov 19, 2023 7:36am
Quoting turnip15
{quote} That quote: "The only thing a Guru sells you is hope," is largely true. Out of the many threads and posts on FF very few are useful ,many post to while away lonely trading hours or to fill a rainy afternoon However, amongst the mountain of words that constitute FF there are a very few posters who attempt to share, for free, their trading knowledge. What cannot be given away for free is the psychological mindset that marks out a successful trader - that is your battle alone. Skimp that and no amount of buying...

100 trades it's to small data set. I rather say if trader go thru whole cycle facing grid when market is easy and losing profits, and than facing fear time when market is in fast bear cycle and most are loosing, maybe this will teach him something. For. Me the game changer was when i splitted my trading into 3 categories from emotional/psychology perspective. A game - good execution, market in my favor not to greedy not to fear. B game- first signs of trying outsmart market, too much confidence, too much expectations, overtrading.C game -braking rules, fighting with market, not expecting loss etc. Now next step is you take paper and write down what happen to you when you trade, how you react on losses every details /emotion you can spot. After some time it just clicks and you can spot the moment troubles are coming. The best long-term is stick to B game (average) because you don't face too much extreme emotions and what is most important you stay away from acumulating emotions over time. I believe that acumulated emotions over time are the biggest problem and the hardest to spot. Your strategy can work for months and you become more and more greedy. At some point you are in your bubble and you don't see signs that market has changed. You can loose everything you earn in short time even in one day when you don't react on time.
  • #26,417
  • Nov 19, 2023 7:42am Nov 19, 2023 7:42am
Quoting youngD
{quote} 100 trades it's to small data set. I rather say if trader go thru whole cycle facing grid when market is easy and losing profits, and than facing fear time when market is in fast bear cycle and most are loosing, maybe this will teach him something. For. Me the game changer was when i splitted my trading into 3 categories from emotional/psychology perspective. A game - good execution, market in my favor not to greedy not to fear. B game- first signs of trying outsmart market, too much confidence, too much expectations, overtrading.C game...
you can do like this or make a trading strategy with low wins and low losses, so you dont get the problem of emotions. you get used to a lot of losses and never have this extrem wins to get greedy.
for all problems an easy solution exist, if its a complicated solution then you can improve always.
  • #26,418
  • Nov 19, 2023 9:29am Nov 19, 2023 9:29am
Quoting turnip15
For some reason it seems ( reading peoples questions on prop discord sites and FF) that candidates are simply gamblers
  • #26,419
  • Nov 19, 2023 10:29am Nov 19, 2023 10:29am
Quoting youngD
{quote} 100 trades it's to small data set.
Somewhere You must start. And 100 good trades (I mean well based, and executed) that s SOMETHING.

Quoting youngD
{quote}I rather say if trader go thru whole cycle facing grid when market is easy and losing profits, and than facing fear time when market is in fast bear cycle and most are loosing, maybe this will teach him something. For. Me the game changer was when i splitted my trading into 3 categories from emotional/psychology perspective. A game - good execution, market in my favor not to greedy not to fear. B game- first signs of trying outsmart market, too much confidence, too much expectations, overtrading.C game -braking rules, fighting with market,...
When You can spot them, that s great. When You can handle them, Your chanses are up to the sky. But You must do this again-again...

[/quote]The best long-term is stick to B game (average) because you don't face too much extreme emotions and what is most important you stay away from acumulating emotions over time. [/quote][

You meant A game, I think? Overtrading is not ok...

[/quote]I believe that acumulated emotions over time are the biggest problem and the hardest to spot. Your strategy can work for months and you become more and more greedy. At some point you are in your bubble and you don't see signs that market has changed. You can loose everything you earn in short time even in one day when you don't react on time.[/quote]
Seems You lost one day big time... In the '90-s years, when I started speculation, I gave back under 2 days one and a half years profit...on futures I had been 5x more overleveraged than I should had...I know how does it feels...I did not traded for a full Year. But that was my best speculation decision ever! I mean to close that trade. It would have whipped me out fully! I learnt than, what RISK means, too. When I came back, with small size, and humble, I had the chance. Step by step I grabbed it. I had to resolve in my mind the damage. It took time. But FEAR and GREAD are REALLY important things to handle. They are keys, AFTER YOU: - HAD SOME TALENT FOR THIS
-AND KNOW WHAT ARE YOU DOING.
Be well!
  • #26,420
  • Nov 19, 2023 11:44am Nov 19, 2023 11:44am
Quoting Capablanca
{quote} I got paid by them but had a negative experience. https://www.forexfactory.com/thread/...9#post14343109 Customer service is provided by people worse than bots. If you have a problem you only get attention if you scream in Telegram groups, twitter or such. Otherwise forget it. I had to do a video interview (not for social media) to receive my bonus from phase 1 and 2. There are people reporting in Telegram that they had to do an interview before they granted a funded account. Make sure you have a video and are decent speaking...
Your experience in prop firm trading is huge and motivational for many including me.

It would be nice if you share here with whom you have funded accounts and your experience and rating.

Thank you
Intraday only.
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