I recognize these programs for what they are. An opportunity to get $3.3/$4.5K in margin. For example a $200k challenge from someone like FTMO...
https://ftmo.com/en/faq/who-can-join-ftmo/#:~:text=In%20the%20case%20of%20the,persons%2C%20who%20are%20company%20trusts. USA update – January...
All of these types of challenge "funding firms" should be viewed as stepping stones only--not a long term continuous solution for trading for...
0.4% profitable "live accounts" sounds about right -- imagine how low that % number would be if you look at the math figure on total consistently...
I wonder it at least the USA based firms (like Topstep) could be subject to FTC legal action alleging misleading advertising - etc which could...
Most firms in my opinion are just an illusion, a "mirage", to lure traders in and many do not offer upfront that you can see all the details and...
If its "Traders First" then you (as well as FTMO and others) should offer daily on demand payouts of profits to traders. That goes a long way to...
As long as the funding firm pays the trader 100% real money of what they are owed promptly, on time--every time, with no excuses, delays, or...
--If you are going to try funding firm evaluations/challenges in my opinion you should only consider ones that have fixed max daily loss limits...
Yes--all the "funding" firms are BS/scam in 1 fashion or another (in my opinion)---some much worse than others -- the ones with "trailing...
Yes--all the firms are BS in 1 fashion or another some much worse than others -- the ones with "trailing anything" whether its trailing drawdown...
Trailing drawdown is also worse for intraday session trading FTMO $200k account as an example with a fixed daily drawdown of $10,000. During the...
Definitely a good idea to get familiar using a platform using a demo. Paper trading also a good idea to a point but it can also give you a false...
I have traded both NQ futures and traded US100 on Forex. There is no difference unless you are trying to just do small point scalps then futures...
Not cherry picking--just replied about this firm as that was the firm your post was about. In reality none of the firms offer clear black and...
They dont want the risk in overnight and weekend gaps--there are some firms like FTMO that offer decent sized Swing Trade accts that you can hold...
In my opinion way too much "gotcha" wide discretion here in their wording as it appears to be they have sole discretion as too what they deem to...
This is the reason for the delay in payouts and why no funding firm, to my knowledge, offers daily payouts. They know odds are in their favor that...
The fairest thing to the trader would be payouts on demand. If you make a profit you should be able to withdraw all profits that day and they take...
My understanding is that the $10,000 fixed daily drawdown limit does reset everyday so even though it is a fixed drawdown (and not trailing) that...
Separate names with a comma.