Secrets To Get Funded 6-7 Figures in 2024 - Michael Toma
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- Опубликовано: 22 май 2024
- Watch the Private Training: “Your Trading & Business Plan For 2024”
🔗 desiretotrade.tv/trading-2024
In this Forex trading video, Etienne sits down with Michael Toma and he shares secrets to get funded 6-7 figures in 2024. Listen to experienced traders discuss things you need to know about prop firms this year.
Chapters:
00:00 Secrets To Get Funded 6-7 Figures in 2024
00:58 Where are you with prop firms these days?
2:11 Knowing when you’re ready to scale up
4:20 How to figure out if you’re good enough to pass the challenge
5:33 Key pillars in risk management
7:11 Thoughts on the moving average strategy
8:21 Going above and going below is a bit unreliable
9:12 What about drawdowns?
10:35 Difference between options for drawdowns in prop firms
11:45 How do you fix it when you fail a Prop Firm challenge?
14:03 Common mistakes people make
15:25 Picking the right timing
17:23 Michael's opinion on backtesting
19:56 The future of prop firms
22:21 Difference between private capital and prop firms
23:58 Risk-reward - 1:1 vs 5:1
25:44 Higher win rate builds confidence
26:52 How to become Michael's student
28:23 Expert advisors (EA) trading
30:43 What is the best place to convert my strategies into algos?
#desiretotrade #forextrading #traderinterview #propfirm
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Развлечения
By far Michael is on of your best interviewees. He speaks to what struggling and existing traders want to hear !!!
Very true! Glad you liked that video! Thrilled to have Michael part of the Desire To Trade team
Moving Averages Crossover. I treat MA like zones where price is likely to pause (consolidate, range, etc) on a daily chart. Reversal bars, dojis, long exhaustion wicks at the end of a move are trading ranges on a smaller time frame.
Draw your support and resistance lines. Dig down to inspect. Your 200MA is major moving support/resistance. Let the market Break Out (add a little) and confim direction with a pull and continuation in direction (add rest of lot). Ride trend until it breaks.
! awesome ur questions , really makes me feel you ask in the behalf of the viewer ps. the little ant explanation was the highlight of the interview amazing analogy
Glad you enjoyed it!
Great interview. Thanks for the info!👍🏾💯
Glad you enjoyed it!
8 months into trading and still thought than I was expecting. I will get that consistency 💪
One of the greatest interviews Ive seen amazing content
I’m really glad you liked it!
good one!
Thank you! Cheers!
awesome webinar !
Glad you liked it
Thank you guys, this was super valuable!
Glad it was helpful!
Good vid.
I have a question that I just don't understand.
It's...how can a company offer 95 percent of the profits to a prop trader? It just doesn't make sense to me.
I can answer that. When a propfirm pay you more than 90% that means they book you in their good list and copy your trades in their trading account. Ex: you have 100k account and prop fork will babe 100k account which they will copy your trades in their 100k account. This way what ever profit you make they pay you 95% or some time full 100% as they made already profit on their account by copying your trades. Win win for both parties.
@@dawoodjanan4167
Thanks for the reply.
I'm still a bit puzzled by the whole concept though.
I understand what you mentioned.
But - does that mean the prop firms aren't really giving you a live account to trade , just a demo, linked to their live accounts?
Because that would mean that the person has 100k to trade with and the prop firm has 100k - so total 200k ? And the trader receives 90-95 percent of that 200k? Right?
And what about losses?
Sorry man it's just not digesting well with me.
Thanks E great interview
Glad you liked it!
thank you!
You're welcome!
Great content
Thanks for watching!
I love Michael. Great person
Absolutely! Cool guy!
How 🤔
What prop firms do you recommend for swing or trend following?
Here’s how to calculate it: ruclips.net/video/4k_FtoFM_RQ/видео.htmlsi=lRgpD-4Ww9Rg9kgj
does michael think most traders should use automation and does he have robot for scalping
I think automation should be considered when the trader lifestyle or discipline challenges requires it. Automation is a small part of my trading but all of my scalping trades are manual and in front of a screen. Great question.👍
@@michaeltoma1023 I am trying to work on my scalping strategy I am funded with bulenox futures prop with two accounts. I wish I had the money to take you on as a coach. I would like your opinion on darwinex and if it fits scalping
It s not ok to denigrate clients. Thanks
Is it just my phone ? Can't hear a thing
I think it’s just your phone. My mom is the same way 😂
Cronstructive feedback to Ettiene,
Love the Pro Guests and content. But is the first time what you say is understandable (English), hard to after checking other of your Videos. 👍
this was one f the worst discussion ...I guess the beer was good. Not a pretext to diminush othrsthough ...their Money I gues was good and you ve accepted it righ ^ unreal