How To Get Funded $100k+ For Trading (The5ers Prop Firm)
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- Опубликовано: 9 май 2024
- In this interview, I sit down with Saul Lokier full-time trader and general manager at The5ers prop firm. We discuss how traders can get funded by The5ers and scale up to $3.6M (currently the maximum capital you can get from this prop firm). You'll also learn from Saul's journey as a trader as well as the obstacles he had to overcome.
Take The5ers prop firm challenge (5% Discount on your 1st Evaluation): d2t.link/the5ers
Chapters:
0:00 Start of the intervierw
0:13 Introduction
0:48 Who are Saul and The5ers?
1:24 Why did Saul join The5%ers in the 1st place?
2:10 How The5%ers is different from most online prop firms
3:42 When should you look to become a funded trader
4:48 Saul's experience with other online prop "challenges"
6:32 Why 30-day time limits are bad for traders
7:53 Quick overview of The%5ers options for trader funding
11:00 How The5%ers makes money
11:37 Why the5%ers need profitable traders
12:05 How the new Freestyle program helps profitable traders
13:53 What is the maximum drawdown for funded traders
14:42 Why you don't need more than 1:30 leverage
15:46 How to choose the correct prop firm for you
18:11 Top tips to pass a prop firm evaluation and get funded
20:29 Why your trading strategy doesn't matter
21:10 Top habits from funded traders
22:38 How many funded traders are then in The5%ers
24:32 How prop firm traders inspire growth
25:26 How fast can you scale your funding with the5%ers
27:36 How can trading millions affect trader psychology
29:02 The importance of having a team for funded traders
30:05 Areas of improvement for The5%ers
33:04 Where to find Saul and The5%ers
#propfirm #fundedtrading #fundedtrader
// SOCIAL
Forex Trader Community (Facebook Group): d2t.link/FBgroup
Facebook: / desiretotrade
Twitter: @desiretotrade
IG: @etiennecrete
// TRADING MUST-HAVE RESOURCES
Forex Broker (Pepperstone): d2t.link/pepperstone
Forex Broker for Canada (Axi): d2t.link/axitrader
Best Platform: d2t.link/tradingview
Backtesting Tool: d2t.link/soft4fx
VPS (for algo trading): d2t.link/vps
Trading Journal: d2t.link/journal
// ABOUT ME
My name is Etienne Crete (from Montreal, Canada). I'm a swing Forex trader and help aspiring Forex traders develop a trading method that works for them so they can produce income allowing them to live with more freedom.
I blog at www.desiretotrade.com and host the Desire To Trade Podcast. I was fed up with the “fake” millionaire traders and the “get-rich-quick-trading guys”. That's why you can expect more free content from me than what other people charge for!
If you truly want to succeed in Forex trading, I believe you need to keep working on yourself so you can improve your strengths, but also your weaknesses. Do not focus solely on what you're good at.
// Disclaimer
This video expresses my personal opinion only. Forex trading is risky. Make sure you are ready to trade. Even this will not guarantee you positive results. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action.
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Thanks Etienne for this informative interview. It appears that The5ers have well thought out programs in tune with what traders need for sustainable trading success. eg. realistic goals, low leverage, gradual scaling to build traders risk control "muscle memory".
Won't be fair if I don't mention their trading room facility. I have gained great exposure and learned a lot from te trading room. This is what makes the5ers a true love for traders
Thanks for sharing!
Thank you, Étienne, for this interview, and for all your RUclips content in general. You are doing a very useful and informative work.👍
Glad it was helpful! Much appreciated!
I checked their direct funding model, I like the fact that the max drawdown is relative to the starting balance at 6 and 4 % and not trailing. It follows that the risk should be low in the beginning and then it can increase somewhat. The max risk is 2%.
Thanks E great interview as always, you put out constantly good advice.
My pleasure, Bruce! Thanks for the support!
I love their portfolio analysis. Saul's webinars are also amazing. Trading with 5ers is really helping me sharpening my skills.
Awesome to hear :)
Thank you for this bro
Great interview, as always! I’m just in the backtesting process of my system but once I have optimised my strategy the 5ers are definitely my prop firm of choice. Really like the sound of the freestyle account.
They closed registration for freestyle
I love the the5ers bootcamp program. It's easy with realistic targets.
really great thank you!
Glad you liked it!
Leverage will not kill your account if you hedge every trade properly!
maybe should've mentioned the freestyle option is not currently available for registration - sounds like a good option, hope you bring it back.
I love 5ers and the community
The interview was good but when i look at the website i just felt dizzy , far too much text , poor colour scheme and overall I felt so confused . I think they would be more approachable when they remodel that website ..Until then i continue with others .
great interview
I'm glad that you liked it!
no other prop firm provides access to 3.6 million usd. If we manage these accounts as assets, we are sueely gonna make good wealth out of these.
And for Small caps?
I have been looking all over their website and listening in detail to your interview. I have not heard if EA's are allowed on any or on one specific program? Do they allow EA's?
Yes, you can use EA
@@The5ersFundingAndBeyond - Perfect, I am in!
Does this firm work with iranian traders?
But why can't we trade Nas or sp500 with them?
If in the future they decided to bump the leverage to 1:50, I'll try them out. since I use a US broker for FX and US FX broker use a 1:50 so I'm used to it. Not too high not too low.
Do they offer trading stocks or indices?
@@samtavoosian3059 Their website says they trade forex, metals, and indices.
@@YYTrading I can’t find that on website ! I think it’s only forex
@@samtavoosian3059 lol. When you open their website there is a big yellow print that says "INSTANT FUNDING FOR TRADERS" read right below it and it will say "Trade Forex, Metals & Indices up to 4 million USD" hope that helps. ^^
@@samtavoosian3059 they have indices and metals as well
I think their profit split and leverage is far smaller than other prop firms
but you have great subscription styles
I'm currently funded by CTI once I collect profit from it I'm joining 5es
Hello, please can we connect? Want to buy CTI in a few days. Just want to ask questions.
why give up your profits to a firm?
@@mda0214 should I give it to you?
@@entaprenuerialtradingacademy no you should keep it and build yourself. Don't need your money. You or anyone at that firm couldn't make more than me
@@mda0214 cool. Then let us be. Not looking to make more than you. I may not have half the knowledge and prowess in trading as you do, but I am fine with the little I know. Thank you.
the freestyle program is no longer offered
We stop the registration, for now, to make some changes, hopefully, to bring it back for an even better program.
In an inflationary environment, in which capital is no longer cheap, these funded trader programs are going to demand higher and higher levels of performance. And retail traders cannot produce extra performance on demand, otherwise they wouldn't have to bother with these funds. Do not see it as a path to long term success, because they won't exist for long.
Allow us to trade more than forex pairs and your program will blow up.
The 5ers is becoming outdated. Profit split is to small and they don't offer indices. There are other prop firms who offer unlimited time, indices and cripto, higher leverage, cheaper fees and way higher profit splits.
The5ers do offer indices
@@SmallStepsFx really? Since when?
Please how can I get the attention of this company...I got a system for them to always beat the market if they can provide me the direct access to the real fx market
I will use any prop firm if their Leverage is 1:500 or above…otherwise better i use my own money as a scalper….$300 to $100K can be achieve in 10 days as a scalper just by using 1:500 leverage.
My friend did $200 to $30k in one week by using 1:2000 leverage broker. 😃😅
Everything is possible..u dont even need any money from Prop firm if u are good at scalping.
Keep doing what you do
Nope
It can happen like that, but in all probability it wont
Lets see if he can be consistent for 5 years doing that
I can see right through this guy, I know that those guys are on the otherside of the trade of the losers. I really believe that some of these firms are financed by brokers and institutions. Yes I can see it. He sure does studder alot. 🤣😂
This obsession over leverage is nonesense. There is nothing wrong with high leverage. It's the traders responsibility to use the leverage offered appropriately. They key is to manage your percentage risk each trade. If I have a HIGH LEVERAGE, yet utilize a stoploss that would only result in 1% loss or less, what does it matter how high my leverage is? Retracting leverage only restrict skilled traders from making a good buck. Who cares about the reskless trader that use leverage incorrectly? They were destined for failure anyway.
It would be great if they introduce stocks, i love trading stocks more than forex..
Hello Etienne, hope you are well. I'm Kingsley in Lagos. Listened to this interview and was encouraged to try funding from 5%ers. Paid for the USD100k bootcamp since last Tuesday, and got account details, I think before end of last week. Since the, I have been in a battle of logging in successfully. Log in details arent working. Have emailed, chatted and called today without success. Is there a way you could either link me up with Saul or someone there that can help resolve my issue? Many thanks in advance.