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  • #39,881
  • Jul 27, 2024 4:22am Jul 27, 2024 4:22am
Quoting xDREx
{quote} just a reminder that if you want you can be my buddy and ill grant you FULL ACCESS to all my accounts
maybe its better you learn trading first, and teach then .

in the moment looks like you can only present luck accounts, you open many hundred accounts and show the accounts that survived after some days.

so you are not even creative with your scam and fake trading most simple way (you are decades to late with this ), at least learn scamming better when you not want learn trading.

so at least you are beginner in trading and scamming, so not biggest danger as faker and scammer.
  • #39,882
  • Jul 27, 2024 4:29am Jul 27, 2024 4:29am
Quoting montygoldy
THis is the BS you get when you make too much money {image}
why with your 100k prop wins you dont trade your own private account (at least additionally)?
then 100% is your win, no rules that block you, just maximum win and maximum loss (what with consistent profitable over 1 month should not happen so easy), real trading.
  • #39,883
  • Jul 27, 2024 4:32am Jul 27, 2024 4:32am
Quoting xDREx
Hidden
Sound like trumpy - god here god there
  • #39,884
  • Jul 27, 2024 4:41am Jul 27, 2024 4:41am
Quoting Trader191
{quote} why with your 100k prop wins you dont trade your own private account (at least additionally)? then 100% is your win, no rules that block you, just maximum win and maximum loss (what with consistent profitable over 1 month should not happen so easy), real trading.
Apex $50k account is $187 (without discount) plus lifetime fee $160 = $347, so $100K accounts will be $694. just simple maths but you might not understand.
  • #39,885
  • Jul 27, 2024 5:09am Jul 27, 2024 5:09am
Quoting failinforex
{quote} Apex $50k account is $187 (without discount) plus lifetime fee $160 = $347, so $100K accounts will be $694. just simple maths but you might not understand.
Exactly With around 200 or 300 USD, you can get a 50k account. For example, if you pass 1 step challenge, you can achieve 10% in one win, which is around 5k, so the profit is about 4.7k to 4.8k. I saw Uncle Monty trading with 20 lots in one position. If it hits just 50 points, 10% is possible, assume forex pip, say $10 per pip. Dunno about future contracts.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #39,886
  • Jul 27, 2024 7:40am Jul 27, 2024 7:40am
Quoting RoelsMajor
{quote} Exactly With around 200 or 300 USD, you can get a 50k account. For example, if you pass 1 step challenge, you can achieve 10% in one win, which is around 5k, so the profit is about 4.7k to 4.8k. I saw Uncle Monty trading with 20 lots in one position. If it hits just 50 points, 10% is possible, assume forex pip, say $10 per pip. Dunno about future contracts.
The whole lot of people went to Futures, because there was uncertainity in fx prop firms once.
Also, they say futures trading is easier compared to FX trading
Intraday only.
  • #39,887
  • Jul 27, 2024 7:41am Jul 27, 2024 7:41am
Quoting genuine007
{quote} I have tuned my strategy to that extent now that it is almost impossible to lose a challenge or funded account. No matter whether its fixed drawdown or trailing drawdown (during the day or end of day or combination of both). Its a matter of time now. I will become millionaire too. I have sorted out my strategy but psychological part is still missing. I have to sort it too. End of Trailing Drawdown is very simple. It means that you have to think always that you are trading on the fresh account. It does not matter how much profit you are making...
Hi genuine007,

I hope all is well with you & your family. I rarely post here anymore & never really posted much, but I do occasionally follow along with what 3 or 4 of you guys are doing & you are one that I read your post. Months ago, you seemed to be in a very down frame of mind with your trading & maybe life in general, but when I read the above referenced post, I detected a difference in your outlook going forward & I wanted to say congratulations on your change of mind & the apparent higher level of self-confidence you are now displaying. I wish you the best in the times ahead. May I suggest once you have accumulated a substantial amount of funds from you prop trading you continue trading you own funds using whatever method that worked for you trading the prop way. Then you can call your own shots without the pressures of prop firm rules. In mho it is just a matter of time before the prop business forex & futures is regulated out of business, or self-destructs. Just my views, but I see signs of the coming collapse. For me trading the futures market has been a much better way to trade with less stress & no worries amount whether I will be paid on time or @ all. Not willing to recommend a futures broker, but there are several good ones out there & one trader on this forum that I do admire for his apparent trading skills does mention his broker from time to time.

Genuine007 these are just my views & nothing more & is not to be understood as advice. Best of trades to you in the future. Keep charging ahead.
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  • #39,888
  • Jul 27, 2024 7:45am Jul 27, 2024 7:45am
Quoting navk
{quote} The whole lot of people went to Futures, because there was uncertainity in fx prop firms once. Also, they say futures trading is easier compared to FX trading
Hi navk,

The above in the very reason I abandoned FX. I still have a demo account that I play with, but my money in now fully in the futures market.
The software learning curve was a bit challenging, but it all came together eventually. I do follow your post & find them enlightening.

Best of trades to you.
  • #39,889
  • Jul 27, 2024 7:49am Jul 27, 2024 7:49am
Quoting acetrader
{quote} Hi navk, The above in the very reason I abandoned FX. I still have a demo account that I play with, but my money in now fully in the futures market. The software learning curve was a bit challenging, but it all came together eventually. I do follow your post & find them enlightening. Best of trades to you.
Do you see futures trading is less challenging compared to fx trading ?

or

You left fx trading because of uncertaintity in fx prop firms ?
Intraday only.
  • #39,890
  • Jul 27, 2024 8:00am Jul 27, 2024 8:00am
Quoting navk
{quote} The whole lot of people went to Futures, because there was uncertainity in fx prop firms once. Also, they say futures trading is easier compared to FX trading
I don't understand the futures market. Regarding prop firms, it's pretty much the same. For those who are specialists with the rules and have the skills to make a profit, good self-control, enough luck, consistency, and sufficient funds to buy accounts, they keep trying. For those who haven't been able to be consistent and still have issues in trading, Darwinex can be a good controlling tool.

In prop firms, there is no guarantee of payment, as their source of capital is not disclosed in terms of amount and origin. In Darwinex or Axi, they might have secured sufficient capital to distribute to selected traders and have access to a network of investors.

You cannot be completely sure about the evidences presented for all prop firms. For Axi, I haven't seen its track record either, but for Darwinex, they have a robust trade history validation tool or track records.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #39,891
  • Jul 27, 2024 8:32am Jul 27, 2024 8:32am
Quoting acetrader
{quote} Hi genuine007, I hope all is well with you & your family. I rarely post here anymore & never really posted much, but I do occasionally follow along with what 3 or 4 of you guys are doing & you are one that I read your post. Months ago, you seemed to be in a very down frame of mind with your trading & maybe life in general, but when I read the above referenced post, I detected a difference in your outlook going forward & I wanted to say congratulations on your change of mind & the apparent higher level of self-confidence you are now displaying....
Thanks a lot,
Yeah definitely, trading personal account is much better than trading prop firm accounts when we talk about rules:
like drawdown, trailing drawdown, news rules, consistency rules, fixed lot size rule etc etc all these restrict us from maximum utilization of our strategy.
I will start my personal account very soon when I gather funds like 1,000 $. This will be enough as a starting balance.
If my strategy worked out and I withdraw nothing or very less for meeting expenses only.
Then just these 1,000 $ can be converted into 1,00,000 $ without any doubt. We can capitalize on the profits we make in personal account.
We just need a broker in which we can put our trust on.

My first 1,00,000 $ is very important. After that my growth will be sky rocketed.
I will later use at least 10 different brokers with 1,000 $ each & Just do copy trading either manually or by using online available copy trading websites.
This way my whole eggs will not be in the same basket although I will do same trades in all the accounts.

I have seen very hard time in my life, soon my life is going to be changed and my goods days are almost coming.
I will be jacked, healthy, wealthy & wise. I will achieve all those things back which I have lost in pursuit of becoming trader.
I have lost not just wealth [55,000 $],
I have also lost my health, my time, opportunity experience & income which I could have earned if doing something else other than trading.
I have gone through depression, mental trauma, bad relations with the family, fights, self doubt etc etc
  • #39,892
  • Jul 27, 2024 8:50am Jul 27, 2024 8:50am
Quoting navk
{quote} Do you see futures trading is less challenging compared to fx trading ? or You left fx trading because of uncertaintity in fx prop firms ?
navk,

Futures trading was a challenge with regards to learning the software involved. After becoming familiar with the software, the process of trading futures became much easier. Left FX mainly because of the unreliable brokers & too many restrictive rules dealing with prop firms. Their rules are in my opinion are to benefit the said firms. Future trading for me is a much smoother way to trade & so far, the broker can be trusted.

Best of trades to you, my friend.
  • #39,893
  • Jul 27, 2024 8:52am Jul 27, 2024 8:52am
Quoting genuine007
{quote} Thanks a lot, Yeah definitely, trading personal account is much better than trading prop firm accounts when we talk about rules: like drawdown, trailing drawdown, news rules, consistency rules, fixed lot size rule etc etc all these restrict us from maximum utilization of our strategy. I will start my personal account very soon when I gather funds like 1,000 $. This will be enough as a starting balance. If my strategy worked out and I withdraw nothing or very less for meeting expenses only. Then just these 1,000 $ can be converted into 1,00,000...
best of luck
Intraday only.
  • #39,894
  • Jul 27, 2024 8:57am Jul 27, 2024 8:57am
Quoting genuine007
{quote} Thanks a lot, Yeah definitely, trading personal account is much better than trading prop firm accounts when we talk about rules: like drawdown, trailing drawdown, news rules, consistency rules, fixed lot size rule etc etc all these restrict us from maximum utilization of our strategy. I will start my personal account very soon when I gather funds like 1,000 $. This will be enough as a starting balance. If my strategy worked out and I withdraw nothing or very less for meeting expenses only. Then just these 1,000 $ can be converted into 1,00,000...
genuine007,

You're most welcome. That can do & will do attitude should bring you much success in the times ahead. Stay the course, plan your trades & keep you goals in mind every day. In the words of the late Steve Jobs, "Stay Hungry." I believe that was his quote.

Best of trades to you, my friend.
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  • #39,895
  • Jul 27, 2024 9:20am Jul 27, 2024 9:20am
Why I cannot join FTMO or why it does not make sense for me as German trader ?

Reason: Taxes.
Euler Figure is 2.71828. So for 10% and 5% target on 10% max. DD for challenge with a tag of 1080 Euro on a 200k account at FTMO,
it is equivalent of €1080*(e^(1.5))= €1080*(2.71828^(1.5))=€1080*4.48=€4840. So I am funded now and I target 10% as goal here.
So it then equivalent of €4840*e^(1)=€4840*2.71828=€13155 before taxes, which is 26.4% for personal accounts profits in Germany,
so net after taxes I gained €9682.

On a 10% profit on 200k funded I recieve 80% of that with FTMO, which is $16000 or in Euro €14737. Now I need to pay sales or turnover taxes because FTMO is in EU located. So I need to deduct 19% first, and then 42% for income taxes. So I have in the end after taxes here: €6923, which is much lower than personal trading.

So if I trade on personal account versus FTMO account I have 40% more profits with trading on personal account and compound all profits there.
  • #39,896
  • Jul 27, 2024 9:24am Jul 27, 2024 9:24am
Even I disregard any taxes the difference before taxes is €13155 on personal account versus €14137 trading on funded prop account on a 200k FTMO.
So I have just 7.5% more profits on funded accounts. But I have all the rules which are not reflected here in those numbers. And for all other props, except a few,
the payout safety where I can guaranteed a payout is far less than 100% and I have usually much more rules I need to take care of. So basically from a trading point, it does not make really sense to trade on funded prop account versus just focus on trading personal broker accounts. Whereas the whole story is different if you cheat and reverse hedge any trades on prop accounts with your personal broker account. Then you can make a guaranteed kind of profit, with no trading ability required at all.
  • #39,897
  • Jul 27, 2024 9:25am Jul 27, 2024 9:25am
Quoting navk
{quote} The whole lot of people went to Futures, because there was uncertainty in fx prop firms once. Also, they say futures trading is easier compared to FX trading
Nope it is not easy. It has illusion of being cheap and prop traders doesn't have any option to switch.
So lot of people switch because of lack of genuine option.
For example 50K evaluation cost will around 30-50$ depending on prop firms but passing is 5 times tougher than forex firms due to trailing drawdown.
Once passed you need to pay 150$ more which totals around 200$. Than again you have to pass evaluation and make equal amount as allowed drawdown.
So futures prop firm is basically 2 step challenge with trailing drawdown. In futures trailing drawdown means unrealized P&L not like forex where they calculate based on balance. In futures it is equity based.
Futures have great spreads if one is trading CFD but platform really sucks. MT4 is 1000000000000000000% more stable and reliable than so called tradovate or ninja

Only edge in futures prop firm is having multiple accounts and more people failing so house has edge.
  • #39,898
  • Edited 10:12am Jul 27, 2024 9:35am | Edited 10:12am
Quoting xDREx
Hidden
You bulshitty words
She has always survived since 2015 (at least in this forum) as a retail trader, who has skill and consistency, one of the best practitioners and mentors. She is likely to survive for the next 9 years. You have only been around since 2020 (just 4 years) and might not even survive the next 4 years.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #39,899
  • Jul 27, 2024 10:03am Jul 27, 2024 10:03am
Quoting sampat
{quote} Nope it is not easy. It has illusion of being cheap and prop traders doesn't have any option to switch. So lot of people switch because of lack of genuine option. For example 50K evaluation cost will around 30-50$ depending on prop firms but passing is 5 times tougher than forex firms due to trailing drawdown. Once passed you need to pay 150$ more which totals around 200$. Than again you have to pass evaluation and make equal amount as allowed drawdown. So futures prop firm is basically 2 step challenge with trailing drawdown. In futures...
Beuatiful.

I always used toto say here to go with reputed fx prop firms like FTMO, FXIFY atleast.

Trading with fx brokers is for long term, IMO
Intraday only.
  • #39,900
  • Edited 2:48pm Jul 27, 2024 1:38pm | Edited 2:48pm
Spread widening of FundedNext in the funded phase

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