Cdn, Why have you done this with several of these firms? Is it to get first hand knowledge of how they operate? You obviously know how to trade so you don't need them. OK after clicking on your site I get in now. Editing now for a 2nd time. I have spent 15 minutes looking around your site and plan to spend a lot more. I recommend it to all on ET especially if you have even a remote interest in a funded account.
You have come a long way since late 2021, suddenly passing all these evals after starting your YouTube channel... "Towards the end of 2020 when I started my YouTube channel is when I finally found my footing and began seeing success to the point of being funded again with Topstep and with OneUp Trader. That’s when I started creating more content since I wanted to help other traders starting out with information that it took me months to learn. Whether it’s the pros and cons of a specific funded trader evaluations, tips on how to pass funded trader evaluations, or other tips and tricks I can share, I hope my journey can help others be successful at trading as well. As of Late 2021, I have passed and been funded with Apex Trader Funding, Topstep, OneUp Trader , LeeLoo Trading and Uprofit Trader. Although I didn’t keep my Topstep account (blew it after a few days, it happens). I still trade my other funded trader evaluation accounts, as well as my own brokerage accounts. I also still try to pass additional futures trader evaluations both to add to my list of accomplishments, and to record and demonstrate what the various companies are like to be with from a normal futures trader like yourself..." ------------------- "The external links on my site and in my video descriptions to trader evaluation companies and software companies are primarily affiliate links. I earn a commission from these companies on any sale made from people visiting these links. That said, I only recommend companies and software I personally use and actually do recommend. Believe me, I turn down a lot of companies who approach me. You can read my full Affiliate Disclosure here. Affiliate Disclosure Throughout my site and video descriptions I talk about several different trader evaluation companies, software products, services you can use as a trader and probably more. Not every link is an affiliate link, but as a catch all, you should assume every link is an affiliate link. As an affiliate, I earn a commission on any sale made from people who sign up for a service or buy software. At the point I’m writing this, it would be difficult to go back and add this disclaimer to each and every post and video. That said, I want to reassure everyone that I would only recommend companies I personally believe in, and those whose product or service I’ve actually tried out. I am a trader just like all of you, and my entire goal with starting this website and my YouTube channel was to help out fellow traders with all the information I had a difficult time finding when I first started out." Here's the important bit to note... "and my entire goal with starting this website and my YouTube channel was to help out fellow traders with all the information I had a difficult time finding when I first started out." That is disingenuous because your motive is not clear. I started my journal here to try to help traders with small futures accounts to see what is possible, and how they can make money, and the perils/pitfalls that may lie within. I did not ask for a dime from them, I did not start a YT to profit off of them by making them subscribe, and I certainly did not start selling them a course on those bits through a website. And hell no, I did not become a 3rd-party affiliate of some other entity. If you were truly altruistic, you would do it all for free. But you don't. You're here to make money, plain and simple. Admit that to yourself and to all of us, and you will not face the vitriol you are facing here.
So you don't dare to respond to the question I asked you. You don't dare to say whether drawdown is the funds prop firms offer. The point is simple, if drawdown is the funds prop firms offer, then earn2trade is not cheap at all. Even consider it has 50% discount, it is still significantly more expensive than MFF. The point is you did not tell people pros and cons on each prop firm program, you did not tell the truth. I hate prop firms? You must not read my previous posts that I defended some prop firms and I myself had funded account at MFF and had withdrawal of my profit split. Drawdown is the funds you get once you pass challenge and get funded. Because prop firms never risk more than drawdown, and you never get trading capital from them more than drawdown.
I am interested in myforexfunds but my question is can i trade CFDs as a prop trader from the US? if you are going to tell me to ask MFF directly, don't bother responding.
Yes, you can. I mostly trade SPX500 with MFF , which is a CFD corresponding to ES. First, US law prohibit CFD in US, but US traders are not prohibited to trade CFD at foreign brokers. Second, MFF is not a broker, and from legal point you do not trade CFD, you are trading a demon account, and MFF decide who and when they connect your account to real money account, which you never know.
Thanks for a thorough answer. That's great. Would you mind telling me if i signed up for a 20000 account what is the max lot size that i can place in a single trade in SPX500? It says 1:50 leverage. Hope you don't mind a newbie type question.
There's no size limit on an order. You are responsible for not blowing up your account. When you place an order in mt4, you will be able to see what is maximum size their margin allow, but market is not open, so I can not do it right now.
I tried to be polite, but I'll take off the gloves, then. You're a paid sponsor, meaning you pay Baron to advertise on this board in order to collect affiliate fees by people signing up for these programs through your links or web page. If you were pulling any serious coin out of the markets or these firms I don't think you would be a paid sponsor trying to collect affiliate fees. You should not be calling people idiots just because you're asked legitimate, critical questions both on your claims and the general business model of these firms. Merry Christmas!
1 lot on SPX500 is worth $1, their margin allow you to trade 179 lots on a 20000 account,which is equal to 3.6 ES. Since daily drawdown is 1000,you have 5.6 points cushion on SPX before you blowing up your account if you trade maximum lots.
I felt like adding to the earlier discussion because I wanted to show just how easy it is to pass these programs in the ~1 month that most of them require. Someone said it should take an average of 3 months, which was quite funny to me. Disclaimer: I want aspiring traders to know that you should not attempt to do these programs until your trading is at a level where you can guarantee profits everyday. But once you are at that level, it should be a walk in the park. This program I'm doing requires $2500 profit on a $50k account in a minimum of 10 days, and I am currently on day 6, trading about 5-30 minutes after market open and then going back to my main account to my regular trading. I take 1 trade most days, sometimes I took a few more, and I'll probably continue taking 1-2 a day until I finish the program. The point I'm making is that making profit is not the problem with these programs. The difficulty is developing your own system/plan and sticking to it. If you can do that, the money will come naturally. Do not focus on making $X per day or risking Y to make Z! Focus on the technicals and do what the market is telling you. And tune out the people who refuse to open their minds. I promise you, the profit target is not remotely the hardest part about these evaluations. If you are struggling, keep paper trading or consider doing micros on a live account instead of this. But you can get there. Just keep working at it, learn your technicals, and trust the process. If you do not have enough funds to make your own $50k account (like me) this is a great way to start your own path toward getting paid well despite not having the capital to start off with. Once you do enough training in trading, you can and should make a solid income without getting a loan or having to work a full time job. This game is not rigged against you just because you don't have $25k of your own. You just have to explore the opportunities that are out there and put in the work. If you start off obsessed about your profits you will just struggle more.