Recently, I decided to do a little Google search to see if I could find a prop firm with one of the easiest possible profit targets, while still maintaining a gratuitous drawdown allowance. I also wanted to make sure that the firm offered minimal rules on both challenge accounts and funded accounts. And I think […]
Have you ever traded a prop challenge before? If so, then you’re probably familiar with the limited selection of trading platforms that are offered by the firms with which you’ll need to trade. Most prop firms offer the meta trader MT4 and MT5 as their sole offering for trading with the firm. While this platform […]
As 2024 rolls along, the number of resilient prop firms seems to continue to dwindle as more regulatory fears are changing the online prop trading industry as we know it. One of the most professional and respectable firms I’ve ever traded with is Funded Trading Plus (FT+) and I am seeking to test a simple […]
We’re only two weeks into the beginning of 2024 and the first major prop firm change for the year is already upon us. FTMO has announced that it will no longer be accepting new US clients – based upon the fine print, it sounds like current accounts held by US customers are unaffected but all […]
Hey there trader, I invite you to do a little reflective exercise with me right now. I want you to answer the following question off the top of your head. Ready? Ask yourself: After I add up all trade outcomes, was I profitable over the last year? This is a basic yes or no response. […]
It’s no secret that one of the most high-return and successful styles of trading taught for contemporary markets is the application of smart money concepts. This is the art of analyzing where institutions with deep pockets and massive order sizes place their trades. Then take those trades alongside them rather than against them. If you […]
Since you first had the realization that it’s possible to make consistent money from trading markets, it’s likely that you subsequently formed an idea that “there must be a strategy out there that always, or at least almost always, makes a profit with every set up”. Forget your psychology, how much money you have to […]
In this article I’m going to be talking about Funded Trading Plus and why it’s no longer a prop firm. Hereafter, I will be alluding to the firm’s updated name as FT+ For those of you who don’t know, a prop firm is a company that provides funding to traders in exchange for a fractional […]
Last month, one of the biggest and most popular prop firms, MyForexFunds (MFF), was shut down by US regulatory agencies. [Above is a screenshot of the $200k challenge I passed, and have (sadly) lost through the shutdown.] MFF is not the first firm to meet its demise due to regulatory or financial troubles. Other firms […]
Prop firms, which grant capital to traders who can pass a challenge within a given set of trading rules, are often a beneficial resource for profitable traders who do not have access to large accounts otherwise. In many ways, they are a boon to Forex retail traders, but not every prop firm is trustworthy and […]
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