it is told that you let the traders start their evaluation process and in the end even if they pass the challenge you tell them they wont be funded since they have breached some risk management rules and that they dont seem to be consistent traders. Is that true?
You can only pass the evaluation account stage if you keep to all the rules, which is normal in any prop trading firm! So, nobody can say they passed our evaluation account stage, and we did not let him pass if they kept to all our trading rules! (It is already strange that you or they say they passed but did not get funded, as they breach some rules! What is the use of rules if nobody needs to keep to them? That makes no sense.) Still, some traders do not read and study our trading rules, and they only focus on reaching the profit targets as soon as possible, and then later, they find out that they have broken many of our rules. All our traders, when they sign up, need to confirm twice that they read and study our trading and risk management rules, but still, even after this, there are some traders who ignore this and then, when they reach their profit target, do not know about our trading rules! So, to be very clear, we do not make up any rules to not let our traders pass; we also have no hidden rules; they only hidden rules are the ones nobody reads
@@LuxTradingFirm I believe the issue is this: some traders who went through the evaluation process may have been under the impression that they had actually obeyed all the rules and successfully passed the challenge, yet they were informed that their style of trading had been too risky, while not actually breaking any of the rules. (This is what I've read in one review, no way to verify and it may well have been just one disgruntled failed trader).
@@LuxTradingFirm no its wrong, in many many firms this happening in fact some firms caping the best traders to use 1% risk coz they have the risk of getting to much money out of them.... we have seen the video of andrew nfx with forex capital funds, other from ftmo and TFT... not know about your firm though
@@wolfgangthiele9147@wolfgangthiele9147 Hi, this is not correct at all. All our rules are clear, and if somebody does not understand them, we offer 24/6 live chat support, 24/7 ticket services, 2 phone desks and a 7-day free trial to learn all our rules. So if somebody did not read them or did not understand them and thinks he did not break the rules, our risk desk shows a very clear analysis in screenshots and shows the rule they broke and what to do next time. So there is not one trader who reached all our profit and active trading days target and kept to all our trading rules, and we did not let him pass! Also we never make up some story about his trading style; that is an absolute a lie. For any of these trades who say this, we can prove that he broke our rules that he could read upfront on our trading rules page.
@@LuxTradingFirm It is nor clear what "concurrent risk" is. Could you explain please? Also, on $1M account, the risk per trade is limited at 5% of the available risk, right? It should be notified more clearly in the dashboard.
@@jerome2874@jerome2874 Concurrent risk is the combined risk from all open positions if you trade with multiple positions, so we have 2 clear charts in your trader dashboard that show risk per trade and how much you risk when you have multiple trades open. All rules are in te rules page, we advice everybody always first to read them and study them and when not understand contact live support on our website. We have a clear analysis page in your trader dashboard where you can see how much risk you take. We can warn traders many times and in different locations what we already do, but the ones who ignore our warnings will still not see them! If you sign up and confirm that you have read and understand our trading rules with the text in front of you and then still do not read them and lie that you did those traders, you can't help. We think that 3 different locations we warn about our trading rules and a clear analysis page where you can track our trading and risk management rules should be more then enough.
@@LuxTradingFirmbut my concurrent risk sometimes hit 7%, on average my concurrent risk is 5%. Please, i had a chance to passed the Evaluation oliver?
Hi, you are right and that is a good point. I can only say that in our program it only take you 3 steps to grow to 10 million account stage from the 1 million evaluation stage.
Even the prop firm who offers real money shoud lower their payout to 60/40 % so they don't make any money from failed trader challenges and their only concern for the money is from their profitable traders. Reduce your profit spilit so more traders can pass your challenge transperntly and you don't want most of the traders to fail for your revenue! An advice from a highly profitable traders with a market expereince of 7 years. I'm 17 Years old
First of all, we do not offer challenges, and our program is not set up to earn fees; the fees cover the cost of finding serious long-term career traders. Second of all, reducing our profit share will make no difference in the end if a trader passes or fail our evaluation account stage. This has only to do with the risk the traders take; if you lower your risk and have some more patience and aim for lower profit expectations, that is what will affect your success rate.
@@LuxTradingFirm You misunderstood! Changing profit split to 60/40 for funded traders for live accounts would be a good way to make your business model successful. This will add transparency to your prop firm and more profitable traders will join because they know that Lux trading firm is taking 40% profit from us and they are definately a genuine prop firm and they want us to grow.
If you make so many videos,why you people dont make video explaining different scenario of risk management rules or SL???It should not be a big deal if so many trader face difficulty to understand your risk management rules.@@LuxTradingFirm
Excelente vídeo. Si hecho en falta esa promoción que hicieron en navidades y de la cual no pude comprar el challenge. Si volviesen a tener esa oferta compraría inmediatamente el challenge de 1 millón.
What are the bad things you hear about Lux? We have many interviews with our funded traders in many different stages of our program on our You Tube channel.
29minimum trading days is way too much..... I'm still waiting for u guys to reduce the minimum trading days before I'll join, I've always loved lux❤ please reduce ur. Minimum trading days please
Hi, 29 trading days are needed as we give retail traders without any audited track record of real money in our live accounts. We understand that these simulated virtual money prop firms do not have any minimum active trading days or only a couple, but they will never give you real money to trade with, so they do not care if you lose their virtual money. If you want to become a trader in a bank trading department, it can take up to 2 years before you can trade real money. If you want to become a trader in a hedge fund or asset management trading department, you will need to show an audited track record from a real money account that has at least a 500k account size and is more than 2 or 3 years old. We only ask for 29 active trading days to show us if you can trade with our trading and risk management rules. So, we think this 29-day is very low compared to all these others if you want to build up a real money trading career. You even get by us if you trade at least one year with your Lux real money account, an audited track record that you can use if you want to trade for a bank, hedge fund or asset management one day
Does that mean you have to for ex. leave a position open for 29 minimum days? Or could you open and close 1 trade on monday then the next days as well till the 29th? If first is true, scalp traders are just out?
That's funny ... I'm surprised you even compare yourselves to Surgetrader...which is what I would describe as the prop industry's porn firm. The couple that run that operation sure are interesting ... didn't they stand accused of ripping off $millions from members of their church?
Hi, we do not compare ourselves to the prop firm, and also we do not know the owners behind this prop firm but the topic of this video is about the 1 million account size and there are only a few prop firms that offer this size.
it is told that you let the traders start their evaluation process and in the end even if they pass the challenge you tell them they wont be funded since they have breached some risk management rules and that they dont seem to be consistent traders. Is that true?
You can only pass the evaluation account stage if you keep to all the rules, which is normal in any prop trading firm! So, nobody can say they passed our evaluation account stage, and we did not let him pass if they kept to all our trading rules! (It is already strange that you or they say they passed but did not get funded, as they breach some rules! What is the use of rules if nobody needs to keep to them? That makes no sense.)
Still, some traders do not read and study our trading rules, and they only focus on reaching the profit targets as soon as possible, and then later, they find out that they have broken many of our rules. All our traders, when they sign up, need to confirm twice that they read and study our trading and risk management rules, but still, even after this, there are some traders who ignore this and then, when they reach their profit target, do not know about our trading rules!
So, to be very clear, we do not make up any rules to not let our traders pass; we also have no hidden rules; they only hidden rules are the ones nobody reads
@@LuxTradingFirm
I believe the issue is this: some traders who went through the evaluation process may have been under the impression that they had actually obeyed all the rules and successfully passed the challenge, yet they were informed that their style of trading had been too risky, while not actually breaking any of the rules. (This is what I've read in one review, no way to verify and it may well have been just one disgruntled failed trader).
@@LuxTradingFirm no its wrong, in many many firms this happening in fact some firms caping the best traders to use 1% risk coz they have the risk of getting to much money out of them.... we have seen the video of andrew nfx with forex capital funds, other from ftmo and TFT... not know about your firm though
@@wolfgangthiele9147@wolfgangthiele9147 Hi, this is not correct at all. All our rules are clear, and if somebody does not understand them, we offer 24/6 live chat support, 24/7 ticket services, 2 phone desks and a 7-day free trial to learn all our rules. So if somebody did not read them or did not understand them and thinks he did not break the rules, our risk desk shows a very clear analysis in screenshots and shows the rule they broke and what to do next time. So there is not one trader who reached all our profit and active trading days target and kept to all our trading rules, and we did not let him pass! Also we never make up some story about his trading style; that is an absolute a lie. For any of these trades who say this, we can prove that he broke our rules that he could read upfront on our trading rules page.
Good day Oliver. I hope to see your firm start also offering Futures accounts.
Kindly make a video in which explain all the rules of lux trading firm
A Book is the most important thing for me and also no daily stop loss limit.
Huh.. the profit targets for lux trading is 10 percent right before your account grows.. not 15?
Share the link please🙏🙏🙏
www.luxtradingfirm.com
Thank you so much ❤
How much the maximum raising amount of account? I think the lux prop firm let us raise the account until 10 million dollars
What platforms are available for traders?
Hi, we have the MT5 and a TLT platform ( luxtradingfirm.com/lux-trader-tradingview/ )
Oliver, i'm in $1M acc rn, my risk is 1.8% per trade from RRC or 0.1% from $1M and my concurrent risk are 5%. What do you think??
Hi, that souds good.
@@LuxTradingFirm It is nor clear what "concurrent risk" is. Could you explain please? Also, on $1M account, the risk per trade is limited at 5% of the available risk, right? It should be notified more clearly in the dashboard.
@@jerome2874@jerome2874 Concurrent risk is the combined risk from all open positions if you trade with multiple positions, so we have 2 clear charts in your trader dashboard that show risk per trade and how much you risk when you have multiple trades open.
All rules are in te rules page, we advice everybody always first to read them and study them and when not understand contact live support on our website. We have a clear analysis page in your trader dashboard where you can see how much risk you take.
We can warn traders many times and in different locations what we already do, but the ones who ignore our warnings will still not see them! If you sign up and confirm that you have read and understand our trading rules with the text in front of you and then still do not read them and lie that you did those traders, you can't help. We think that 3 different locations we warn about our trading rules and a clear analysis page where you can track our trading and risk management rules should be more then enough.
@@LuxTradingFirmbut my concurrent risk sometimes hit 7%, on average my concurrent risk is 5%. Please, i had a chance to passed the Evaluation oliver?
You did not talk about the scaling plans for each of these firms
Hi, you are right and that is a good point. I can only say that in our program it only take you 3 steps to grow to 10 million account stage from the 1 million evaluation stage.
Even the prop firm who offers real money shoud lower their payout to 60/40 % so they don't make any money from failed trader challenges and their only concern for the money is from their profitable traders. Reduce your profit spilit so more traders can pass your challenge transperntly and you don't want most of the traders to fail for your revenue!
An advice from a highly profitable traders with a market expereince of 7 years. I'm 17 Years old
First of all, we do not offer challenges, and our program is not set up to earn fees; the fees cover the cost of finding serious long-term career traders. Second of all, reducing our profit share will make no difference in the end if a trader passes or fail our evaluation account stage. This has only to do with the risk the traders take; if you lower your risk and have some more patience and aim for lower profit expectations, that is what will affect your success rate.
@@LuxTradingFirm You misunderstood! Changing profit split to 60/40 for funded traders for live accounts would be a good way to make your business model successful. This will add transparency to your prop firm and more profitable traders will join because they know that Lux trading firm is taking 40% profit from us and they are definately a genuine prop firm and they want us to grow.
@@LuxTradingFirm Call it challenge or anything else you are charging people for a TEST ! same as others
Do you offer real money in funded account?
Hi, yes we do.
are usa citizens welcomed?
Hi, we no longer are allowed to onboard new traders from the US.
Can you make a video on SL rule?
If you need to know how our SL rules work then contact our 24/6 live chat support.
If you make so many videos,why you people dont make video explaining different scenario of risk management rules or SL???It should not be a big deal if so many trader face difficulty to understand your risk management rules.@@LuxTradingFirm
Excelente vídeo. Si hecho en falta esa promoción que hicieron en navidades y de la cual no pude comprar el challenge. Si volviesen a tener esa oferta compraría inmediatamente el challenge de 1 millón.
I keep hearing bad things about lux... You got any funded traders on socials ??
What are the bad things you hear about Lux? We have many interviews with our funded traders in many different stages of our program on our You Tube channel.
29minimum trading days is way too much.....
I'm still waiting for u guys to reduce the minimum trading days before I'll join,
I've always loved lux❤ please reduce ur. Minimum trading days please
Hi, 29 trading days are needed as we give retail traders without any audited track record of real money in our live accounts. We understand that these simulated virtual money prop firms do not have any minimum active trading days or only a couple, but they will never give you real money to trade with, so they do not care if you lose their virtual money. If you want to become a trader in a bank trading department, it can take up to 2 years before you can trade real money. If you want to become a trader in a hedge fund or asset management trading department, you will need to show an audited track record from a real money account that has at least a 500k account size and is more than 2 or 3 years old. We only ask for 29 active trading days to show us if you can trade with our trading and risk management rules. So, we think this 29-day is very low compared to all these others if you want to build up a real money trading career. You even get by us if you trade at least one year with your Lux real money account, an audited track record that you can use if you want to trade for a bank, hedge fund or asset management one day
Does that mean you have to for ex. leave a position open for 29 minimum days? Or could you open and close 1 trade on monday then the next days as well till the 29th? If first is true, scalp traders are just out?
@@Soma430 1 active trading day is counted if you open at least 1 trade per day.
@@LuxTradingFirm thx
That's funny ... I'm surprised you even compare yourselves to Surgetrader...which is what I would describe as the prop industry's porn firm. The couple that run that operation sure are interesting ... didn't they stand accused of ripping off $millions from members of their church?
Hi, we do not compare ourselves to the prop firm, and also we do not know the owners behind this prop firm but the topic of this video is about the 1 million account size and there are only a few prop firms that offer this size.
LUX is the best!