Jameselias:


Don't bother you will not see that kind of gains any more
The lot size has been limited to 5 lot maximum
Before now there was no lot size limit

HumbleTrader:
Nice, gamblers have been eliminated.

But do you know if synthetic is allowed, thinking of trading them Weekend instead of waiting for monday.

Kaybee7000:




may GOD bless u for m bro,have been trying to adjust to those smaller timeframes just to have the share from the market quickly and behold i have failed ALL cos am already used to both monthly and weekly timeframes and hold trades for weeks.SO how can then prove m that i should go for prop firm that i have failed countless time when am profitable in nearly all my condusive technique?



In conclusion DO WHAT U KNOW BEST

hateshit:
Good afternoon huz,
Pls I want to get a 10k mff funded account
But just wanted to know which step is preferably
1 step or 2step
I actually thought it's just 2steps but am seeing options for either 1 or 2 steps
I just want to know if there are different rules for each of d options

Maroka5:


MyFundedFX, BigPip funding, Finotive funding..these are prop firms that have removed time limit from their challenges. So you can trade at your own pace, no need to rush, no need to change your style of trading.

Prop firms are good because you can use them to raise big capital for your personal account.

Maroka5:


If you're referring to MFFX (MyFundedFX), go for the 2 step challenge.

The 1 step challenge has a disadvantage of 6% trailing drawdown. ie if you begin trading, and you start making profit, the 6% DD trails as you close trades in profit. If your balance or equity goes back down to hit 6% loss, you'll lose the account.

I don't know if it's clear enough for you.

Proudpolygamist:


I hope he understands that the DD is based on equity

Proudpolygamist:


Another problem is the daily DD that is drawn based on equity. Which of these propfirms that you've listed draws their DD based on balance lik ftmo biko?

Maroka5:


BigPip's 1 step challenge has a static DD of 5% of the initial account balance.
No daily equity or balance based DD. As you make your profits, you can keep on compounding your account.

This is good for swing traders, as you won't have to worry about violating your account if your profits drop down back to your entry.

Example, 100k balance, floating profit of 6k into the next day, if the profit drops to 0, you won't violate your account. Just don't hit below 95000.

HumbleTrader:
This is what I have been saying, it doesn't make sense to have an equity draw down, or a draw down even when the account isn't below the original starting capital. The aim of trading is to make profit, that's it, profit.

I'm going to violate their equity draw down, hopefully they see I still ended in profit and understand their rules were imposing limit on traders.

HumbleTrader:
This is what I have been saying, it doesn't make sense to have an equity draw down, or a draw down even when the account isn't below the original starting capital. The aim of trading is to make profit, that's it, profit.

I'm going to violate their equity draw down, hopefully they see I still ended in profit and understand their rules were imposing limit on traders.

PrinceofWallstr:
You literally need to go back and understand what trading is all about.

I read your post when you said that your strategy permit you to lose 5% daily but you will still come out profitable, I was like is this guy for real This is someone's company, they created the rules and regulations by themselves, why the unnecessary ranting.
Listen even professional managers at Hedge fund, exchange traded funds, mutual funds , wall street ain't permit to lose more than 5% monthly, that's why they are majorly supervised by risk managers.

In any business endeavor , risk mitigation should be paramount . anyone here who claims that he/she abhors prop firm cus of equity DD of 5%, obviously don't know what he is doing, how on earth would you lose 2% on a particular day and you are Still trading.hmm

Wealth is built overtime, why don't you risk .2- 0.5% per position, if you lose 4 in row call it a day.

If you make 4-7% per month,not bad..
Having this mindset will make your trading journey easy .

I was driving the other day when I tuned in to my favorite podcast, I was listening to a guy of 25 who was diagnosed of kidney failure how he manages $7M for investor, and made 85% last year, when he speaks he always emphasizes on risk, that's how real traders does.. good luck.

Maroka5:
If one intends to succeed long term as a forex trader, you need to conquer prop firm rules.

If you're consistent with trading prop firm accounts, you'll be consistent in growing your personal account long term, because you'll be disciplined enough on risk management.

But then, everyone with their own opinion.

HumbleTrader:
This is what I have been saying, it doesn't make sense to have an equity draw down, or a draw down even when the account isn't below the original starting capital. The aim of trading is to make profit, that's it, profit.

I'm going to violate their equity draw down, hopefully they see I still ended in profit and understand their rules were imposing limit on traders.

Maroka5:
If one intends to succeed long term as a forex trader, you need to conquer prop firm rules.

If you're consistent with trading prop firm accounts, you'll be consistent in growing your personal account long term, because you'll be disciplined enough on risk management.

But then, everyone with their own opinion.

ekesoft:


Mind you, props firm is not a yardstick for measuring traders growth. Remember different strokes for different folks

HumbleTrader:
Demo
Escaped a stop loss hunt.

charly20:
Gbpusd

Sell limit @ .20190
SL @ .20420
TP as you like.

Be safe.

dmahn:


Why demo cheif.. Don't you have a real account

dmahn:


Why demo cheif.. Don't you have a real account

HumbleTrader:
I'm practicing for MFF prop firm competition, grand price is $1,000 registration is still open.

HumbleTrader:
Demo
Swinging Eur_Usd, I also stopped using indicators except for moving average, and that's to retest a trend before following.

Geovanni412:



Swing abi scalp?

Wetin be ya other profit targets?