Thanks for watching, if you enjoyed this video check out my new discord server, with prop firm discounts, resources, recommended books, an explanation of how I make my content, prop firm updates, a content suggestion channel & more! bit.ly/DiscordTPJ
I think the main reason for the low pass rate is main due to how easy seems to access their funds. You pay such a small price for a big potential reward. People think if they get lucky then they can get a payout instead of going in with prior experience of profitability.
Yup even if you're not aware of it you might succumb to the temptation to gamble as a begginer. It's just too easy when you're learning and under immense pressure. And most of these people are amatuer traders.
stats are bad not due to MFF but to the individual trading -- no discipline no trading plan most traders go into these with no structure approach -- He mentions about strict time allowance when MFF allows you to extend you phase 1 by a further 28 days as long as you have reached the 6% area which is better then most other evaluations -- Too many traders pass then get the rush of blood thinking it is easy only to then go straight into the live account and blow it by chasing the payout
The design and graphics of the video are the ingredients that make your videos so appetizing to watch! Keep up with the same style, that's an added advantage you have!
The only problem I have with mff is that the daily drawdown is based on floating unrealized equity. I find that highly unethical. The goal of trading to to minimize losses and maximize profits but this rule forces you to have a lower RR from fear of corrections or retracement alongside a very wide margin of error just so these retracements or correction don’t wipe out your daily maximum loss.
FTMO has the same thing which i find so annoying, what's the point of minimizing losses if even if you dont lose on trades, you still fail because your trade was at one point in the red...makes no sense. Every single trade i take may be a winner and can get me up to the 10% profit target but because they were in the red at one point, it simply invalidates the trade, that's how they make money off of people trying these challenges.
@@ionevenknowchief3517 I feel you, FTMO looks at unrealized loss. Still sucks though, I like to go ham after I see a liquidity sweep at some zone but they’d go bankrupt if they didn’t apply that rule. It makes it so that the timing has to be on point everytime or you lose the account in drawdown and NO ONE can time a position like that everytime.
although that rule is stupid, think of it like this: a 10k account with 2% risk, would mean $200 risk per trade right? So, if you lose that trade, you are down $200 for the day, and you would have to lose 2.5 trades for that rule to apply. But as you said, they also count unrealized equity, then my question is: how much do you risk per trade? For a 2% risk per trade, maximum unrealized equity would be 1.99% for that day. I would say that rule is good because it forces down your throat good habits, like having a 1-2% risk per trade at maximum. I hope I cleared that for you, no bad intentions
@@fdklsklakdk7848 honestly the information given out there is too reckless about risking 1% of total balance during the challenge. It’s much easier for me to risk .5% instead. I mean sure sometimes I make 4-6% a day when I risk 1% on positions but it’s stressful and unsustainable since I push the daily drawdown limit to the max. Your logic would make perfect sense after you pass the challenge, it’s still good money.
@@smolshamer6072 the thing is that what I said in the first comment, largely depends on what type of strategy you personally use. Sure, you are talking about the challenge that needs to be passed in 30 days which puts pressure on you, but it depends on your strategy. The higher the risk, the smaller the R/R would have to be, otherwise it won't be good for the long run. This is why almost all pro traders recommend 1-2%, maybe you can pass both phases with 5% risk, but I can guarantee that you won't be profitable in the long run.
It's because inexperienced traders are taking these challenges, cause they are desperate to make money, most theses traders ain't even traded a full year and expect to be a professional, my advice is don't waste your money and time on challenges until you are consistent in your demo/live account. Take a mock challenge before wasting any real money, also make sure the market conditions are in your favour for when you do take the challenge, for instance don't be taking a challenge when your chosen pair is consolidating, etc. Stop trying to rush success, passing by getting lucky ain't doing you any favours in the long run, you are destined to fail that way. These statistics do not concern me in the slightest, i will know when i'm ready and until then will not be wasting my time and money on sheer luck.
100% agree The reason 99.9% of people never get a pay-out is because they simply have no idea what they are doing! It takes years of work to master this skill, just like with any other skill in this world. I'm over 3 years working on this now, and things are finally starting to come together! But I won't be taking a prop challenge until I've been profitable trading my own capital for at least 6 months. Firm hand shakes to all of us who are willing to put in the work! We will get there!
@Fit_ Shortbase it's better for begginers but it requires that the begginer has the self discipline to do it on demo accounts first and then start on extremely low risk cheap accounts and work their way up. But this is such a large time investment I can't imagine most people will do that properly
Stats are bad not due to MFF but to the individual trading -- no discipline no trading plan most traders go into these with no structure approach -- He mentions about strict time allowance when MFF allows you to extend you phase 1 by a further 28 days as long as you have reached the 6% area which is better then most other evaluations -- Too many traders pass then get the rush of blood thinking it is easy only to then go straight into the live account and blow it by chasing the payout
How could someone lose in a game of probability/large numbers? EGO! lack of knowledge, mental skills, tested edge. The way Casinos make money, is the same way professional traders make money.
Great video ! But one thing: MFF has a slippage and execution issue on indices. Maybe there is a beginning of explanation on why there is a higher failure rate on US30, US100 and GER30... I tried them and the issue is unsustainable for fast moving markets. I agree though about the news trading...
Every person who I have ever met who makes a living from Forex trading have been trading a minimum of three years before they consistently became profitable. Some even over 5 years. The problem new traders have is when they get into the market they expect to get rich overnight with one trade or two with no trading strategy or risk management. I did the exact same thing when I first started trading. Huge risks, not calculating my lot size and literally just hitting buy or sell base on what I see and feel. It takes serious time to understand how the market functions, moves and to create discipline for a healthy risk management.
Problem is that people thinks that they are getting 10k or 100k as capital but you are getting 10% which is 10k as your capital (as an example) so you need to make 8% from 10% which is 80% not in 30 days as u can't trade on Sundays and Saturdays... which means that you get 20 days max ... prop firms are built to fail you better to trade with your own money let it be 100 dollar or 1000$ .. if u take care of risk management and don't want to get rich quick it will make a sustainable income after few months .
I agree with some of what you are saying, however look at it like this. Traders use RR right, so with a minimum of 2r how can one not make 8% in 1 month from 12% risk. They are giving you a huge amount of risk 12%!! To make 8! If you can’t do that it means you can’t even hit a target less than 1r. You have more R to risk than the target is. Anyone who can’t pass that clearly isn’t ready to be doing the challenge. Simple as that. 12 risk vs 8 profit R. I’d understand if it was 5% risk to make 10%. But 12% risk to make 8% Jesus Christ. They’re being very kind. It’s skills that are letting the losers down.
@@adamstradinghub Most are standardized at 10% drawdown and 10% profit. Most profitable traders can't double their account in 20 days and if they do, many others would call that over leveraging and gambling.
Disagree. People should demo their strategy and follow the evaluation guidelines on a demo, pass their evaluation on a demo account using their strategy before buying an evaluation. It's far more profitable to trade on a funded 50k -100k and eventually a 300k account than it would be to trade with $1,000 with your own money. A 100k evaluation account cost $500 and you get that back after your first payout. Trading with $1,000 with your own money is not going to render much profits at all with proper risk management. I risk half percent per trade to make 1% and I could be in that trade for 2-3 day before hitting my take profit mark. On a 1k account you're looking at maybe $400-$600 a month if that with a low risk trading strategy. Trading can get stressful and the return should be much higher than a few hundred dollars.
The strange thing is that it is much harder, statistically, to be profitable with a funded account than during challenges. Which is absurd, because the funded account gets the best people there, and it should be the other way around. So what's wrong with that? Do they increase your spreads with the funded account? That would need to be investigated, because at this point you have to wonder how a company that gives 12,000 euros to 100 people (12% of 100,000) and only 3/4 people don't lose them stands.
I am one of who passed challenge and made a whooping 23% on live account in first month with little to no drawdown at all. Preparing for an interview with MFF. Beat that!
you also have to consider lets say two people hear about mff and try it out. one is profitable and one isnt. the profitable one will simply take one challange, pass it and go on in life. the one who fails might not fail once but fail like 5-10 times until he starts trading demo again. those people are the cause for those ridiculous stats. better thats would be how many PEOPLE get payouts not how many challanges.
I think that the 2nd least profitability stat for nas coupled with the sheer amount of news that's almost daily for anything US tells me that nas itself isn't profitable. I think it's the ultimate kill zone for people that think they can trade through news consistently. I only trade nas and find it profitable but have tried to trade like the people that get stopped out In 2 weeks in the past
People better practice on that demo it’s crazy cause it’s hella info on trading like patterns books all type of useful info I refuse to blow 30 accounts before actually studying I blew one account that was enough for me lol
I was reading the statistics on the MFF blog, but I don't seem to understand the following line: "Of the 80% who had stop losses, 99% of them have trades closed in loss before their stop loss was hit in their statement". Does this mean that 99% of profitable traders with a SL, close their trades in a loss manually before their SL is hit? To me it just seems unlikely that 99% of profitable traders with a stop-loss, close it in a loss before that stop-loss is hit....
I think what they meant was 99% of profitable traders with a stop loss have closed a trade manually before the stop loss is hit at least once, I agree it is unlikely that they all close all their trades before SL every time
Yeah,ict talks abt that regularly,closing your trade when it breaks your rule because your setup has to behave a certain way,and if it doesn't,you kill it to manage loss,managing your losses make you profitable,not your winning trades. Always good to learn from the more experienced ones.
Hey The5ers have a brand new ecosystem as a prop firm , when are you doing a new video comparing their programs to others?? It is very good they now have soft breach instead of hard breach for daily drawdown rule, which let you continue next day as long as you don't breach max drawdown.
Great statistics the earth has plenty of idiots, and bad educated people, the gold, milk and candy are for our guys who devote many hours of their midnights trying to figure out the best setups, entries, how to recognize patterns and foremost fully stoic people, who are totally emotional dissociated. These guy's will be amazing traders and do millions of profits 🎉👏
So for example i make the 10k challenge for about hundred bugs and i fail 20 times means i paid 2k to trade with 10k. So in the worst case i see not a problem.
I do not completely agree with the news part. You will lose money trading news if you intentionally trade news. E.g waiting for the news and entering a trade. But if you ignore the fact that news exist and just trade your technicals, you will not lose money if your strategy is good. You see, when you back test, you do not take into account the impact of news and more likely then not, you conclude that your strategy work after collecting good backing testing data. In addition, those big moves you see when you back test that is in line with the trend or your strategy are caused by news. But you do not know that when you back test. So why should news matter when you trade live but it didn't matter when you were back testing ?
Slippage can definitely affect your edge as it's something you can't factor into your backtesting data. Generally still better to be out of the market during major news as you can get slipped and end up down 5R even with a 1R SL in place.
Yeah u can see if there was news, Forex factory tells you when news hit at the time and day of it. Just check for news on the days you were backtesting. Example if I traded on March 3 New York session open, I would check to see if there were any news on that day, and see how my strategy aligns on the certain news event. So whatever day you backtest just check news on the certain day.
people see how much money you can make in this bussiness but they dont see how much effort it takes to get this skill, the markets will get from you more than can you afforde to lose if you dont know what your doing
Interesting video, thanks for sharing. The only reason I won’t be choosing them is because I’m currently doing a martingale/multiple hedge position type of trading using an EA. I don’t believe they allow this so I can’t recommend or try them at this time. Hopefully, someday they will allow this.
Pass rate (8%) * Traders who get funded that earn a profit split (3.5%) = 0.28% -> percentage of traders who take an evaluation that get a profit split
Your videos are very engaging. I just wish your designs could mirror that as well. But if your CTR is already high enough sweet. But you could start AB testing using legend license in tube buddy. But amazing work over all
i have a question, since 3% of funded traders receive a payout then why on earth do prop firms give traders a live account? do prop firms really give traders live account ? i mean they are losing alot of money if only 3% are making money
So are those passing services legit? Usually for the cost of almost the evaluation fee they pass your account, I always wonder if they're just a money grab scam,.some show convincing proof.
Can someone do a statistic how much young boys have a dream to become famous football player and how much of them actually achieve that dream. all of them know how hard is it and how small chance they have but still they train every day.
I think your editing skills can be better used making other types of videos to reach a wider audience. Like Neo, Johhny Harris documentary style in finance.
Trading always to be destined to make people lose money, because the people just following the rules and the rules will always be change by someone, unfortunately it's not you. Im a trader 8+ years. Ama if you want
Which instruments have you had high slippage and spreads on? The EURUSD spread is generally quite good, and I haven't been experiencing high slippage, but to be fair I use low lot size
Thanks for watching, if you enjoyed this video check out my new discord server, with prop firm discounts, resources, recommended books, an explanation of how I make my content, prop firm updates, a content suggestion channel & more! bit.ly/DiscordTPJ
I think the main reason for the low pass rate is main due to how easy seems to access their funds. You pay such a small price for a big potential reward. People think if they get lucky then they can get a payout instead of going in with prior experience of profitability.
Yup even if you're not aware of it you might succumb to the temptation to gamble as a begginer. It's just too easy when you're learning and under immense pressure. And most of these people are amatuer traders.
Damn .. Those statistics are so gruesome. No wonder prop firms are just popping up allover the place. It looks like a very profitable business.
No wonder cause 90% traders suck and give up
@@Beebeepbooboop lmao bro said 90% XD....its about 99.8% of forex traders who lose lol
stats are bad not due to MFF but to the individual trading -- no discipline no trading plan most traders go into these with no structure approach -- He mentions about strict time allowance when MFF allows you to extend you phase 1 by a further 28 days as long as you have reached the 6% area which is better then most other evaluations -- Too many traders pass then get the rush of blood thinking it is easy only to then go straight into the live account and blow it by chasing the payout
@@DroughtFX "Lmao XD lol" all in one sentence😹 You talk like a cornball
@@ForexFire I 100% agree! Couldn't of said it better!
The design and graphics of the video are the ingredients that make your videos so appetizing to watch! Keep up with the same style, that's an added advantage you have!
Thank you I appreciate it, will do!
@@ThePropJournalist you're welcome
Thank you for replying
They go in trading the biggest indices with the biggest dreams. Then can't close the trade when it pulls back on them 😂
😂😂😂
WOW! That is nuts. Excellent video as always.
fancy finding you here too 😅 Awesome content to the Prop firm Journalist👌
The only problem I have with mff is that the daily drawdown is based on floating unrealized equity. I find that highly unethical. The goal of trading to to minimize losses and maximize profits but this rule forces you to have a lower RR from fear of corrections or retracement alongside a very wide margin of error just so these retracements or correction don’t wipe out your daily maximum loss.
FTMO has the same thing which i find so annoying, what's the point of minimizing losses if even if you dont lose on trades, you still fail because your trade was at one point in the red...makes no sense. Every single trade i take may be a winner and can get me up to the 10% profit target but because they were in the red at one point, it simply invalidates the trade, that's how they make money off of people trying these challenges.
@@ionevenknowchief3517 I feel you, FTMO looks at unrealized loss. Still sucks though, I like to go ham after I see a liquidity sweep at some zone but they’d go bankrupt if they didn’t apply that rule. It makes it so that the timing has to be on point everytime or you lose the account in drawdown and NO ONE can time a position like that everytime.
although that rule is stupid, think of it like this: a 10k account with 2% risk, would mean $200 risk per trade right? So, if you lose that trade, you are down $200 for the day, and you would have to lose 2.5 trades for that rule to apply. But as you said, they also count unrealized equity, then my question is: how much do you risk per trade? For a 2% risk per trade, maximum unrealized equity would be 1.99% for that day. I would say that rule is good because it forces down your throat good habits, like having a 1-2% risk per trade at maximum. I hope I cleared that for you, no bad intentions
@@fdklsklakdk7848 honestly the information given out there is too reckless about risking 1% of total balance during the challenge. It’s much easier for me to risk .5% instead. I mean sure sometimes I make 4-6% a day when I risk 1% on positions but it’s stressful and unsustainable since I push the daily drawdown limit to the max. Your logic would make perfect sense after you pass the challenge, it’s still good money.
@@smolshamer6072 the thing is that what I said in the first comment, largely depends on what type of strategy you personally use. Sure, you are talking about the challenge that needs to be passed in 30 days which puts pressure on you, but it depends on your strategy. The higher the risk, the smaller the R/R would have to be, otherwise it won't be good for the long run. This is why almost all pro traders recommend 1-2%, maybe you can pass both phases with 5% risk, but I can guarantee that you won't be profitable in the long run.
It's because inexperienced traders are taking these challenges, cause they are desperate to make money, most theses traders ain't even traded a full year and expect to be a professional, my advice is don't waste your money and time on challenges until you are consistent in your demo/live account. Take a mock challenge before wasting any real money, also make sure the market conditions are in your favour for when you do take the challenge, for instance don't be taking a challenge when your chosen pair is consolidating, etc. Stop trying to rush success, passing by getting lucky ain't doing you any favours in the long run, you are destined to fail that way. These statistics do not concern me in the slightest, i will know when i'm ready and until then will not be wasting my time and money on sheer luck.
100% agree
The reason 99.9% of people never get a pay-out is because they simply have no idea what they are doing!
It takes years of work to master this skill, just like with any other skill in this world.
I'm over 3 years working on this now, and things are finally starting to come together!
But I won't be taking a prop challenge until I've been profitable trading my own capital for at least 6 months.
Firm hand shakes to all of us who are willing to put in the work!
We will get there!
@Fit_ Shortbase it's better for begginers but it requires that the begginer has the self discipline to do it on demo accounts first and then start on extremely low risk cheap accounts and work their way up. But this is such a large time investment I can't imagine most people will do that properly
Stats are bad not due to MFF but to the individual trading -- no discipline no trading plan most traders go into these with no structure approach -- He mentions about strict time allowance when MFF allows you to extend you phase 1 by a further 28 days as long as you have reached the 6% area which is better then most other evaluations -- Too many traders pass then get the rush of blood thinking it is easy only to then go straight into the live account and blow it by chasing the payout
How could someone lose in a game of probability/large numbers? EGO! lack of knowledge, mental skills, tested edge. The way Casinos make money, is the same way professional traders make money.
Great video ! But one thing: MFF has a slippage and execution issue on indices. Maybe there is a beginning of explanation on why there is a higher failure rate on US30, US100 and GER30... I tried them and the issue is unsustainable for fast moving markets. I agree though about the news trading...
Yes. Don't choose MFF if you want trade indices. Their slippage / spread are crazy during NY opening. Its like cheating the trader. LOL
Hi, is the slippage only for indices or on forex too. Does it happen too often. Can you please explain more?
Every person who I have ever met who makes a living from Forex trading have been trading a minimum of three years before they consistently became profitable. Some even over 5 years.
The problem new traders have is when they get into the market they expect to get rich overnight with one trade or two with no trading strategy or risk management. I did the exact same thing when I first started trading. Huge risks, not calculating my lot size and literally just hitting buy or sell base on what I see and feel.
It takes serious time to understand how the market functions, moves and to create discipline for a healthy risk management.
hi ! what happened with the my forex funds video you mentioned ?
Problem is that people thinks that they are getting 10k or 100k as capital but you are getting 10% which is 10k as your capital (as an example) so you need to make 8% from 10% which is 80% not in 30 days as u can't trade on Sundays and Saturdays... which means that you get 20 days max ... prop firms are built to fail you better to trade with your own money let it be 100 dollar or 1000$ .. if u take care of risk management and don't want to get rich quick it will make a sustainable income after few months .
I agree with some of what you are saying, however look at it like this. Traders use RR right, so with a minimum of 2r how can one not make 8% in 1 month from 12% risk. They are giving you a huge amount of risk 12%!! To make 8! If you can’t do that it means you can’t even hit a target less than 1r. You have more R to risk than the target is. Anyone who can’t pass that clearly isn’t ready to be doing the challenge. Simple as that. 12 risk vs 8 profit R. I’d understand if it was 5% risk to make 10%. But 12% risk to make 8% Jesus Christ. They’re being very kind. It’s skills that are letting the losers down.
@@adamstradinghub Most are standardized at 10% drawdown and 10% profit. Most profitable traders can't double their account in 20 days and if they do, many others would call that over leveraging and gambling.
Disagree. People should demo their strategy and follow the evaluation guidelines on a demo, pass their evaluation on a demo account using their strategy before buying an evaluation.
It's far more profitable to trade on a funded 50k -100k and eventually a 300k account than it would be to trade with $1,000 with your own money. A 100k evaluation account cost $500 and you get that back after your first payout. Trading with $1,000 with your own money is not going to render much profits at all with proper risk management. I risk half percent per trade to make 1% and I could be in that trade for 2-3 day before hitting my take profit mark. On a 1k account you're looking at maybe $400-$600 a month if that with a low risk trading strategy. Trading can get stressful and the return should be much higher than a few hundred dollars.
The strange thing is that it is much harder, statistically, to be profitable with a funded account than during challenges. Which is absurd, because the funded account gets the best people there, and it should be the other way around. So what's wrong with that? Do they increase your spreads with the funded account? That would need to be investigated, because at this point you have to wonder how a company that gives 12,000 euros to 100 people (12% of 100,000) and only 3/4 people don't lose them stands.
Thank you. You're a great educator. Helpful graphics too! Bless
I am one of who passed challenge and made a whooping 23% on live account in first month with little to no drawdown at all. Preparing for an interview with MFF. Beat that!
Whats your Strategy
Congrats!
Lots of hard work you put in making the videos! Great job!
Always ahead of the game...Thanks mate!!
Some people just suck with numbers, so good visuals, I think you really enlightened some traders.
you also have to consider lets say two people hear about mff and try it out. one is profitable and one isnt. the profitable one will simply take one challange, pass it and go on in life. the one who fails might not fail once but fail like 5-10 times until he starts trading demo again. those people are the cause for those ridiculous stats. better thats would be how many PEOPLE get payouts not how many challanges.
Nice video thank you for the infos. I think it's crazy the stats shows massive fails. Extremely hard to be consistently profitable
I think that the 2nd least profitability stat for nas coupled with the sheer amount of news that's almost daily for anything US tells me that nas itself isn't profitable. I think it's the ultimate kill zone for people that think they can trade through news consistently. I only trade nas and find it profitable but have tried to trade like the people that get stopped out In 2 weeks in the past
Not talking about the equity stop loss that's one of the most biggest hurdle for traders
ruclips.net/video/RauKRYOosbk/видео.html
Even the funded profitable traders blow their accounts after some time. Very very few can maintain the account for over a year.
People are trying to trade before they learn the skill.
Right im more focused on learning the skill the money is definitely there it’s not going no where the skill set is what’s missing
Yeah people learn for 2 weeks and then start buying challenges lol
People better practice on that demo it’s crazy cause it’s hella info on trading like patterns books all type of useful info I refuse to blow 30 accounts before actually studying I blew one account that was enough for me lol
I was reading the statistics on the MFF blog, but I don't seem to understand the following line:
"Of the 80% who had stop losses, 99% of them have trades closed in loss before their stop loss was hit in their statement".
Does this mean that 99% of profitable traders with a SL, close their trades in a loss manually before their SL is hit? To me it just seems unlikely that 99% of profitable traders with a stop-loss, close it in a loss before that stop-loss is hit....
I think what they meant was 99% of profitable traders with a stop loss have closed a trade manually before the stop loss is hit at least once, I agree it is unlikely that they all close all their trades before SL every time
Yeah,ict talks abt that regularly,closing your trade when it breaks your rule because your setup has to behave a certain way,and if it doesn't,you kill it to manage loss,managing your losses make you profitable,not your winning trades. Always good to learn from the more experienced ones.
Hey The5ers have a brand new ecosystem as a prop firm , when are you doing a new video comparing their programs to others?? It is very good they now have soft breach instead of hard breach for daily drawdown rule, which let you continue next day as long as you don't breach max drawdown.
The5ers are very bad lool
@@Kev_Ridge So why is that?
@@Kev_Ridge why?
Can you please also review The Funded Trader vs MFF? Thank you!
can you do a video on Top Tier Trader?
Very informative, thanks! Also, the quality of your vids is off the charts :)
Thank you very much for the super comment, I greatly appreciate it! Glad you enjoy my videos :)
Great statistics the earth has plenty of idiots, and bad educated people, the gold, milk and candy are for our guys who devote many hours of their midnights trying to figure out the best setups, entries, how to recognize patterns and foremost fully stoic people, who are totally emotional dissociated. These guy's will be amazing traders and do millions of profits 🎉👏
Amazing charts to see the big picture. Thanks for sharing.
I feel special for being a trader
Great stats! Prop firms will always be rich! 😂
But, how much % of people success in other bussines?
Great info. Well presented. Thanks
can you make a video about which prop firms offer swap free accounts?
Hi
Can you kindly review Alpha Capital Prop Firm
What's about Maven trading??
In new video :)
So for example i make the 10k challenge for about hundred bugs and i fail 20 times means i paid 2k to trade with 10k. So in the worst case i see not a problem.
Why do people even try to get funded when they are clearly not profitable with demo?
How long do these prop firms take to payout trades?
is it instant?
My Forex Funds pays out 1 month after the first trade on the live account, then biweekly after that. When payouts are requested it takes about 24-48h
I do not completely agree with the news part.
You will lose money trading news if you intentionally trade news. E.g waiting for the news and entering a trade.
But if you ignore the fact that news exist and just trade your technicals, you will not lose money if your strategy is good.
You see, when you back test, you do not take into account the impact of news and more likely then not, you conclude that your strategy work after collecting good backing testing data.
In addition, those big moves you see when you back test that is in line with the trend or your strategy are caused by news. But you do not know that when you back test.
So why should news matter when you trade live but it didn't matter when you were back testing ?
Slippage can definitely affect your edge as it's something you can't factor into your backtesting data.
Generally still better to be out of the market during major news as you can get slipped and end up down 5R even with a 1R SL in place.
Plus you can't really not agree with it, it's not just their opinion, it's based on their data over thousands of trades.
Yeah u can see if there was news, Forex factory tells you when news hit at the time and day of it. Just check for news on the days you were backtesting. Example if I traded on March 3 New York session open, I would check to see if there were any news on that day, and see how my strategy aligns on the certain news event. So whatever day you backtest just check news on the certain day.
have to disagree with you. news is just price completing its direction faster.
Thanks for the stats!
Can you please make a video about the best prop firms that support ninja trader? thanks!
Please review The Concept Trading
I love your edits!
Thanks!
thanks a lot I just made up my mind to get a prop firm account and I'm really happy i got to see this online from you well keep the good work
They put 30 day payout rule because they hope that you will trade on, even if you made profits. So they dont have to give you a penny...
How do you make your videos so slick and smooth☝️
After Effects! I will be releasing channel memberships soon where members can join a discord and discuss questions about my content creation process!
CAN YOU MAKE A REVIEW ON LUX TRADING FIRM?
Sorry forgot - great videos
people see how much money you can make in this bussiness but they dont see how much effort it takes to get this skill, the markets will get from you more than can you afforde to lose if you dont know what your doing
Nice one. Thank you!
Very Glad I found this channel :)
You should do a review on the funded engineer
Just stay discipline it’s like trading at a firm if your not good enough you won’t be there
Thanks mate - this was really helpful.
Excellent info, ty man
I personally don't believe that only 3% of passers get a payout.
I'm funded with MFF.
The other props say 30% so why is MFF so much lower?
HE DOESNT MISS ITS SO AESTHETICALLY PLEASING
What about Funded next prop?
Great presentation.
Interesting video, thanks for sharing. The only reason I won’t be choosing them is because I’m currently doing a martingale/multiple hedge position type of trading using an EA. I don’t believe they allow this so I can’t recommend or try them at this time. Hopefully, someday they will allow this.
please i beg you to make a video on Glow-Node Prop firm please
Awesome content please keep them coming!
Thanks!
Thanks its very informative
Thank You
Do you work with Iranians ??
very insightful
Makes you want to keep scaling your own account. And say forget them 😂
why 0.28% ? dont understand that number
Pass rate (8%) * Traders who get funded that earn a profit split (3.5%) = 0.28% -> percentage of traders who take an evaluation that get a profit split
Amazing video !
amazing content buddy
Glad you enjoyed!
Work on your thumbnails cause your videos are bomb
Thanks, I think my thumbnails are alright because they have a good CTR but what do you think I could do to improve them?
Your videos are very engaging. I just wish your designs could mirror that as well. But if your CTR is already high enough sweet. But you could start AB testing using legend license in tube buddy. But amazing work over all
can you make a video like this but about ftmo
Will do, but there's so much content on it already I'm focussing on other firms
i have a question, since 3% of funded traders receive a payout then why on earth do prop firms give traders a live account? do prop firms really give traders live account ? i mean they are losing alot of money if only 3% are making money
So are those passing services legit? Usually for the cost of almost the evaluation fee they pass your account, I always wonder if they're just a money grab scam,.some show convincing proof.
Passing services are a scam and are against prop firm policy
Great content 🔥🔥🔥
thx bro
I have a very simple strategy....win... yep, just like that
Can someone do a statistic how much young boys have a dream to become famous football player and how much of them actually achieve that dream. all of them know how hard is it and how small chance they have but still they train every day.
Funded Engineer waiting
Next video will be mentioning them
@@ThePropJournalist funded engineer prop frim?
Bringing value, well deserved LIKE, and I am subscribing too.
99.99% will just enter to give free money to thus company
The whole market and business concept is how to get more money from majority of novice ppl
Please sir , post more propfirm like lark trading , consummate traders etc .. . .. post atleast 1 video a week
audacapital
I think your editing skills can be better used making other types of videos to reach a wider audience. Like Neo, Johhny Harris documentary style in finance.
Soo people geta happy when they pass a d get funded just to realice That's the actual challenge and they have way highter chance of failing
Trading always to be destined to make people lose money, because the people just following the rules and the rules will always be change by someone, unfortunately it's not you. Im a trader 8+ years. Ama if you want
great vid
Reality check, great video!
Everything @dapo Willis has been preaching about was highlighted here
This is definitely a gem❤
Hello, are you a forex mastery student
Yes
High slippage and high spreads are reason for failure.
Which instruments have you had high slippage and spreads on? The EURUSD spread is generally quite good, and I haven't been experiencing high slippage, but to be fair I use low lot size
Ger30, us30, jpy snd usd have a good spread.
Bullshit
thats the reason i lost 2 accounts at mff they slippage did not stop my positions and mff doesnt give af
Total lack of any experience and a trade plan is the reason for failure! Nothing to do with slippage or spreads lol
Wanna be traders, spend some time on demo. We are eating your money
Bruh I might just quit trading no cap
My forex funds is garbage, why would anyone pick this one? Lol
It has the best drawdown to profit target ratios in the industry and trusted
Now you wonder where are all the SMC and order block traders that always claim they are the best out there😂
If the system works but the trader doesn’t, the system doesn’t work
Zaten bu piyasa da %90 kayıp yaşanıyor... Yani normal o kadar az kişinin kazanması..
@@oskuosku3383 biz insanlar olarak aç gözlü olduğumuz için daha fazla olsun istiyoruz...
People and over leveraging 🤌
Nah