FTMO Vs My Forex Funds - Which is Better? Surprising Results...

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  • Опубликовано: 19 авг 2021
  • In this video I compare FTMO Vs My Forex Funds and the results are surprising in this prop firm comparison!
    💡 LEARN How to Trade Forex here - bit.ly/3ujBm5w
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    //
    TIMESTAMPS
    0:01 Intro
    1:13 Account sizes
    1:59 Challenge costs
    3:34 Challenge rules max drawdown
    4:05 Max daily drawdown
    4:18 Profit targets
    5:01 Trading days
    5:37 Leverage
    5:54 Trading restrictions
    6:25 Profit splits
    7:16 Withdrawals
    7:39 Refund policy
    8:16 Challenge retakes
    9:27 Failed challenges
    9:54 Account scaling growth
    10:39 Markets
    11:13 Key points summary
    As a beginner trader, I have been in the world of trading the stock market for only a few years and I love it. Previously a Warrior Trading student, I carried out the Pro class with Warrior Trading, and I focused on learning to day trade penny stocks, aka small caps stocks.
    Since then, my trading journey has led me to trading Forex where I continue to learn and develop as a profitable Forex trader.
    Recently I have been thinking of carrying out the trading account challenge with the prop firm FTMO. However after comparing FTMO Vs My Forex Funds, I am having a change of mind as to which prop firm provides the best product for account funding.
    OTHER TRADING VIDEOS
    👉 My Forex Trading Recap Videos (PLAYLIST)- bit.ly/33fLRFF
    👉 Trading Setup For Beginners - • Trading Setup for Begi...
    👉 What Are The 5%ers? Forex Trading Prop Firm - • What Are The 5%ers? Fo...
    👉 Tradingview tutorial for beginners • TRADINGVIEW TUTORIAL F...
    👉 Magic Keys Review - WicksDontLie - • Magic Keys Review - Wi...
    👉 6 Best Platforms to Trade FOREX - • 6 Best Platforms to Tr...
    👉 Can You Make a Living From Trading Forex?- • Can You Make a Living ...
    👉 Scalping US30 Trading Recap - • Scalping US30 Trading ...
    👉 5 Minute Scalping Strategy Forex Trading - • 5 Minute Scalping Stra...
    👉 Scalping the DAX Trading Recap- • Scalping the DAX Tradi...
    You will like this video if you are interested in:
    - ftmo vs my forex funds
    - ftmo funded account rules
    - ftmo challenge
    - ftmo challenge explained
    - ftmo vs funding talent
    - my forex funds review
    - my forex funds evaluation
    - my forex funds prop firm
    - best prop firm forex
    - forex trading for beginners UK
    - forex trader
    - day trading for beginners UK
    - day trader documentary
    - warrior trading student
    If you enjoyed this video, please LIKE and SUBSCRIBE for more videos! ✔️
    Thanks!
    Emily
    - Mindfully Trading -
    // DISCLAIMER
    This video is for entertainment and educational purposes only. I am not a financial advisor and I am not telling you where or when to take a trade. I express my personal opinion only. Trading financial markets involves risk. I am not responsible for any losses incurred due to your trading. I do not recommend any specific trade or action, and any trades you decide to take are your own
    #ftmo #myforexfundschallenge #propfirm #forextrading

Комментарии • 778

  • @MindfullyTrading
    @MindfullyTrading  Год назад +2

    👉 My Forex Funds FUNDING - Use 'mindfullytrading' for a 5% DISCOUNT- mindfullytrading.com/myforexfunds

  • @Knosferatu
    @Knosferatu 2 года назад +44

    This was literally what I was about to research and boom saw your post. Great timing. All the best with your pregnancy as well. Thank you

    • @MindfullyTrading
      @MindfullyTrading  2 года назад

      Thank you so much, glad you enjoyed the vid 👍😄

    • @queenb9668
      @queenb9668 2 года назад

      Same lol was just about to search when this was this first recommended in my feed.. and this was uploaded 2 months ago!
      Gotta love the algorithm

  • @Omarateastwind
    @Omarateastwind 2 года назад +3

    Excellent video...thank you very much...I was just about to sign up for the 5ers Bootcamp challenges but I'm going to do more research now. Have you looked at the bootcamp?

  • @sarahgachugi1059
    @sarahgachugi1059 2 года назад +10

    Thank you so much . this is excactly what i needed to make a decision on which prop firm to join!

  • @altoqa5557
    @altoqa5557 2 года назад +2

    thanks for sharing comparison also share your trading history one of them

  • @sym7137
    @sym7137 2 года назад +4

    They have updated and you can trade crypto. Should compare spreads and commissions

  • @andreeagheorghita7033
    @andreeagheorghita7033 2 года назад +5

    The advantage with FTMO is that we are allowed to use Ctrader.

  • @jenniferray4388
    @jenniferray4388 2 года назад +11

    Great video !! However just wanted to add that MFF now allows trading on crypto on all its models.

  • @dominiquechisolm74
    @dominiquechisolm74 2 года назад +13

    Flawless presentation… thank you for the research

    • @MindfullyTrading
      @MindfullyTrading  2 года назад

      Glad you enjoyed it! 👍😄

    • @mrsTessy1telgrm.
      @mrsTessy1telgrm. 2 года назад +1

      👆👆I'll recommend you to expert Mrs Jessica of finance education, tell her jack referred you,she's the key to crypto.

  • @brianbobila8982
    @brianbobila8982 2 года назад +2

    Great video on the comparison! Very concise..thank you! ..and..LOVE your Magic Keys!!!

    • @MindfullyTrading
      @MindfullyTrading  2 года назад

      Thank you, so glad it was helpful!
      I created a separate video on magic keys, here is a link if you're interested; 😉
      ruclips.net/video/ExdrUuggE_k/видео.html

  • @Kimkong2
    @Kimkong2 2 года назад +80

    MFF is extremely reasonable, im doing the evaluation and i managed to get two extensions and a retry, im yet to pass but so far, as long as you keep the rules and are consistent in your trading method, they really are lenient.

    • @vietdungcao8779
      @vietdungcao8779 2 года назад +1

      hi Fred, is the maximum day is 30 days for phase 1? thanks

    • @Kimkong2
      @Kimkong2 2 года назад +4

      @@vietdungcao8779 Yes. 30 days. The timer starts as soon as you place your first trade.

    • @MindfullyTrading
      @MindfullyTrading  2 года назад +4

      That's great, best of luck! 😄

    • @Temur1919
      @Temur1919 2 года назад

      @Fred Kimani may I know what is the Spread of Gold XAU/USD please?

    • @Kimkong2
      @Kimkong2 2 года назад +1

      @@Temur1919 right now it’s 15

  • @ericlb8769
    @ericlb8769 2 года назад +5

    i would like to know the withdrawal speed process for these 2 firms, and which one is the oldest

  • @jfxtrading33
    @jfxtrading33 2 года назад +16

    Ok guys, here's my take after trying to pass MFF damn near 6 times...MFF is great for many, many things, but not great for the most important thing needed to pass.....DAILY LOSS LIMIT. As you gain on MFF, you only gain about 5% for every dollar you gain. This means, for every $100 you make, you gain extra daily loss limit of just $5.00. For every $1000 you make, just $50 added to your daily loss limit. Unlike FTMO, what you make on the account is ALL included in your daily loss limit. MFF is trying to pull everyone away from FTMO with the old slight of hand magic trick...While we are looking at the left hand, the right hand is pulling tricks that you don't see. What you need most is ALL of the equity you build to count towards your daily loss limit and overall account limit, not small percentages. FTMO IS BETTER THAN MFF, trust me...The day that MFF decides to give me my entire $1000 that I made to go towards my daily loss limit and overall account limit, not just $50.00 is the day that MFF becomes better than FTMO.

  • @tptrading_23
    @tptrading_23 2 года назад +4

    Thanks so much, I will be signing up I like all the benefits that it has. I wish I had some live webinars like the other firms but i can't be picky. lol

    • @MindfullyTrading
      @MindfullyTrading  2 года назад

      Glad it helped 👍

    • @mrsTessy1telgrm.
      @mrsTessy1telgrm. 2 года назад +1

      👆👆I'll recommend you to expert Mrs Jessica of finance education, tell her jack referred you,she's the key to crypto.

  • @BaxishParmar
    @BaxishParmar 2 года назад +3

    Thanks for the video..
    Must check FAQs of both parties, in order to make sure it suits your trading strategies. there can be some restrictions.

    • @jollbrah471
      @jollbrah471 2 года назад

      MFF has zero restrictions

  • @Aldusable
    @Aldusable 2 года назад +2

    What about the comparison of the spread and the commission?

  • @scentilatingone2148
    @scentilatingone2148 2 года назад +6

    All this is great info but without knowing the spreads on the mandatory exchanges you use it's hard to compare. Thabk you for the info though. I'll dig a little deeper.

    • @David-yt4rw
      @David-yt4rw 2 года назад

      Same question.
      MFF Dont have demo accounts to check spreads and swaps.
      .

  • @ALEX-li4ox
    @ALEX-li4ox 2 года назад +4

    FANTASTIC VIDEO! well explained and straight to the point , no personal or biased opinions , just a pure raw explanation , thank you for the great detailed video .

  • @theengineer704
    @theengineer704 2 года назад +3

    Congrats! This was a wonderful video presentation with much value. I am with a Trading group that has introduced FTMO; it is wonderful to see the variety in Prop Trading companies as I did ponder what will become of me if I were to slip up. The comparisons were quite enlightening and because of it, I have subscribed to this informative channel and posted that like as you've recommended. Now, I have to gladly absorb the previous contents you have made; I am sure it will make me a much better trader. Thanking you for all that you do. Cheers!

  • @vulgartrendkill
    @vulgartrendkill 2 года назад +4

    Thanks for this. Once I am consistent (if I get there) then I shall look into Prop funds!

    • @forex1015
      @forex1015 2 года назад

      Here is something to look at. Say you go for the 100k account. You cannot lose more than 10k per month. Not even 10.1k per month. This really mean your actual account is 10k. They want a 10k return on the account. That is actually a 100% return per month. This is ridiculous.If you don't get the math then you are exactly who they are looking for. 😁😁😁

    • @skylinetrading9498
      @skylinetrading9498 2 года назад

      @@forex1015 then why are u watching this video....LOL

  • @lusitoginindza
    @lusitoginindza 2 года назад +3

    Thank you so much! I needed this video

  • @juangtapiasreyes6498
    @juangtapiasreyes6498 2 года назад +2

    Hi, great video many thanks !!! Question: What about spreads ? are MFF competitive as well. Txs.

    • @MindfullyTrading
      @MindfullyTrading  2 года назад

      Thanks glad you enjoyed it!
      MFF seem to offer fair spreads depending on the pair you trade. On their FAQ page, if you filter on evaluation and scroll through, there is a useful screenshot of their spreads for each pair. Here is a link- bit.ly/3z2W9ro 👍

  • @AnthonysTradingChannel
    @AnthonysTradingChannel 2 года назад +2

    Excellent comparison, thank you.

  • @remmy100
    @remmy100 2 года назад +3

    Not sure about MFF but with FTMO they also provide good analytics as well as a trading journal you can attach snapshots of your trade into, which as any profitable trader will tell you....is paramount to long term success.

  • @dagim1357
    @dagim1357 2 года назад

    On indicies what’s the difference about there contracts and why

  • @salahudeenalirushanu8241
    @salahudeenalirushanu8241 2 года назад +3

    Iv been trying to trade but never had enough capital to trade forex. Love the video

    • @MindfullyTrading
      @MindfullyTrading  2 года назад

      Yeah that's the trick for a lot of us, I think that's where prop firms can help. Thank you 👍

  • @demarcusfason1627
    @demarcusfason1627 2 года назад +2

    Your video so simple and upfront. these other guys make things complex and thats when they loose me

  • @avonlady30
    @avonlady30 2 года назад +4

    Very helpful vid and perfect timing for me! Thanks so much! You gained a new sub as well!

    • @MindfullyTrading
      @MindfullyTrading  2 года назад +1

      Awesome, thank you!👍

    • @avonlady30
      @avonlady30 2 года назад +2

      @Pînned_by Mindfully Trading nice try scammer! I know you are not mindfully trading! Get a life and get a job!

  • @positive-affirmation-4-suc727
    @positive-affirmation-4-suc727 2 года назад +2

    Thank you so much very clear explanation 👍

  • @navketan1965
    @navketan1965 Год назад +2

    In traders Prop Accounts is Hedging Allowed by which firms? Also For Hedged positions Is any margin required after hedging is completed? For open hedged positions carried overnight how is daily loss limit calculated next day of trading(and for total loss limit)?.Thank you.

  • @navketan1965
    @navketan1965 Год назад +1

    Sir, Could you tell me how often S1 S2 & R1 R2 pivots get hit trding forex pairs.Is it better to trade higher volatility pairs.Do S1 R1 pivots get hit about 50% of days.I would think that Index cfds are more mean reverting compared to forex.Thank you.

  • @chan400
    @chan400 2 года назад +2

    Thanks!
    I find it very informative.

  • @ghandidaniel
    @ghandidaniel 2 года назад +1

    Thanks am def going for MFF

  • @lisadee7328
    @lisadee7328 Год назад +5

    Since the airing of this video I checked and FTMO has changed their prices for the cost of the different accounts. They are a little cheaper than listed in this video but not as cheap as My Forex Funds. The profit split has changed as well. FTMO now has a profit split of 80:20 and after four months of trading and not breaking any rules and consistently being profitable you can request a 90:20 profit split. You now also have the option to request profit splits every 14 days instead of once a month.

  • @crisaldocapito7436
    @crisaldocapito7436 2 года назад +3

    Nice video, simple and direct. I will the two prop firms. But will start with the MFF.

  • @Breaker-of-the-chains
    @Breaker-of-the-chains 2 года назад +2

    But the drawdown of MFF is on equity not on the capital, which is not good.

  • @stevanv6210
    @stevanv6210 2 года назад +5

    Very nicely explained! I enjoyed watching the video, your energy is great!

  • @mrjaywilliamsforex
    @mrjaywilliamsforex 2 года назад +2

    Have you or will you be doing any videos about VPSs suitable for Forex traders (particularly those who use expert advisors)? Thanks 👍

    • @MindfullyTrading
      @MindfullyTrading  2 года назад

      Hey I haven't as of yet, although I have recently been researching and dabbling with trade copiers so I may share more at a later date 👍

  • @somtonnamani5422
    @somtonnamani5422 2 года назад +2

    Wow this video was recommended and it was what I was looking for

  • @kipreosyns
    @kipreosyns 2 года назад +1

    What about Surge Trader and Morris Capital ....!!!!!

  • @jamesobrien7381
    @jamesobrien7381 2 года назад +13

    I literally subscribed straight away. Thank you for not yelling at the camera and starting with: "WHAT'S GOING ON GUYS!"

  • @Jwcounseling
    @Jwcounseling Год назад +1

    Do you have one on how the actual trading during the challenge goes?

  • @murilomendes9089
    @murilomendes9089 2 года назад +2

    Thanks for sharing this video. I didin't know about MFF and this helped me a lot. Cheers brom Brazil

  • @eldarr.9901
    @eldarr.9901 2 года назад +2

    Thank you so much for information and organized presentation! Liked and subscribed!

    • @MindfullyTrading
      @MindfullyTrading  2 года назад +1

      Awesome, thank you! I really appreciate it 😄🙏

  • @johanbotha4171
    @johanbotha4171 2 года назад +4

    There is quite a bit negative critique on the NET about MFF not refunding or various payout problems Anyone her have had similar issues with MFF? or could those negative complaints be guys being 'paid' to post false complaints?

  • @TheForexJourney
    @TheForexJourney Год назад +1

    Thanks for the comparison!

  • @selinagooglethestvekstrate8102
    @selinagooglethestvekstrate8102 2 года назад +3

    This channel is my favorite so far.... it has never failed with its analysis and strategy recommendations. Up till this day, even after 3 months,.... I still use the S&T vek analysis and it remains consistent and profitable.... I am just over the moon about it and it profit margin.....

    • @SupremeSkeptic
      @SupremeSkeptic 2 года назад +1

      I use S&T Vek strategy too
      And it wiped out my account
      Thanks for nothing

    • @princejared5012
      @princejared5012 Год назад

      @@SupremeSkeptic xD hahahaa

  • @triathlontrader
    @triathlontrader 2 года назад +11

    This is super helpful but I wish I’d have watched this a couple of months ago as I’m now on my third FTMO attempt. All money down the drain at the moment. I got soooo close last time. Will definitely keep MFF in mind.

    • @MindfullyTrading
      @MindfullyTrading  2 года назад +2

      ahh no, well done for sticking with it though.

    • @heartstrings110
      @heartstrings110 2 года назад

      Wow! So sorry. They have a 14 day free trial and a free extension now.

    • @eissa_rsh
      @eissa_rsh 2 года назад

      ALL prop firms manipulate their numbers to make you think you are on a funded account but you'd be better of compounding your own account. See my video on that to know how they do that.

    • @configgur
      @configgur 2 года назад +2

      @@eissa_rsh stop spamming the comments man.

  • @qabazimedia3656
    @qabazimedia3656 2 года назад +3

    Thanks a lot for this, but I'd like to know if there's a profit target on the live account once you've passed the challenge.

    • @MindfullyTrading
      @MindfullyTrading  2 года назад +2

      Hey the profit target is for the challenge & evaluation only 👍

  • @traderbhuma2143
    @traderbhuma2143 2 года назад +1

    Thank you... Excellent

  • @Jacob-pj7js
    @Jacob-pj7js 2 года назад +4

    Great job introducing both prop firm. For FTMO news restriction, if i'm trading GOLD, what type of news should i beaware of? How do i know what news related to gold that i should'nt trade at that time? Appreciate your answer.

    • @MindfullyTrading
      @MindfullyTrading  2 года назад +3

      Thank you, glad you enjoyed the video! Personally I haven't traded a lot of Gold, but it is usually influenced by USD. The monthly NFP news can have a huge impact on Gold 👍

    • @ente_kadang2_ya158
      @ente_kadang2_ya158 2 года назад +1

      Imho mostly us fundamental news, sometimes aussy and china.

    • @mrsTessy1telgrm.
      @mrsTessy1telgrm. 2 года назад +1

      👆👆I'll recommend you to expert Mrs Jessica of finance education, tell her jack referred you,she's the key to crypto currencies

  • @reysantonacua8621
    @reysantonacua8621 2 года назад +1

    How about trading days?? What f i passed the phase 1 in 15 days for example? Do i need to wait or finish 30 days before i can proceed to phase 2? Likewise in phase?

  • @navketan1965
    @navketan1965 Год назад +2

    Sir, Please recommend one best prop forex firm you would deal with now & WHY.
    In traders Prop Accounts is Hedging Allowed(firm names)? Also For Hedged positions Is any margin required after hedging is completed? For open hedged positions carried overnight how is daily loss limit calculated next day of trading? Thank you.

  • @shajjack2373
    @shajjack2373 2 года назад +1

    Excellent comparison . What’s that gadget like a calculator colorful on your desk ? Is it a trade manager ?

    • @MindfullyTrading
      @MindfullyTrading  2 года назад

      Thank you, glad you enjoyed it. It is magic keys, a tool for trade & risk management. I share more in this video if you are interested; ruclips.net/video/ExdrUuggE_k/видео.html

  • @welcometomathy6944
    @welcometomathy6944 2 года назад +3

    Just passed my CTI evaluation challenge! thx for all the inspiration and tips and tricks

  • @collinkerr9453
    @collinkerr9453 2 года назад +1

    Thanks for the vid. (1) Can you use a Robot to trade on each?

    • @MindfullyTrading
      @MindfullyTrading  2 года назад

      You're welcome, you can use EA's but I am not sure about that, best check their site- I used their live chat, they were very helpful 👍

  • @nishantharanasinghe6273
    @nishantharanasinghe6273 2 года назад +1

    Clear explain ...Good job.

  • @banana1618
    @banana1618 2 года назад +4

    Thanks Em - a beautifully clear explanation and summation.

  • @MrSeraphcorp
    @MrSeraphcorp 2 года назад +9

    Thank you!
    One of the best explanations
    I have heard thus far.
    I was wondering if anyone knew if they will allow me to use a trade copier like social Trader.
    I'm going to obviously trade my own account but would they allow me to use their account as a
    secondary account or even tertiary account?
    And what about expert advisors?
    Thank you! 👍

    • @MindfullyTrading
      @MindfullyTrading  2 года назад +1

      Thanks, glad you enjoyed it. I asked them using live chat because that is also my plan and they advised that they allow trade copiers as long as you are only copying your own trades, not other traders. I also use Magic Keys and they seems pretty flexible on EA's 👍

    • @fitless
      @fitless 2 года назад

      @@MindfullyTrading who did you ask? Ftmo or mff?

  • @consciousmoviereviews9730
    @consciousmoviereviews9730 2 года назад +1

    Thank You for Explaining!

  • @frontmatterchannel
    @frontmatterchannel 2 года назад +15

    MFF using trailing daily drawdown (always 5% from the last balance), FTMO only 5% from the initial balance

    • @Mansa1
      @Mansa1 2 года назад

      are you sure ?

    • @frontmatterchannel
      @frontmatterchannel 2 года назад +1

      @@Mansa1 yes. I have tried MFF, daily drawdown is always 5% from the last balance even though I profit, so I can't increase my risk-reward

    • @njarui
      @njarui 2 года назад +9

      Now this is a very vital piece of information. This affects your emotions...I guess I will stick with ftmo...maybe try MFF later

    • @petermuhoho3780
      @petermuhoho3780 2 года назад

      So according to you which one is better between FTMO & MFF?

  • @speedracer7022
    @speedracer7022 2 года назад +2

    Fantastic video. Thank you.

  • @RG-jr8ym
    @RG-jr8ym 2 года назад +4

    I'm presently demo trading using the MT4 platform but don't know how to monitor the daily DD of 5% that's required.
    Does someone know how I can do this on the MT4.
    Also is the DD calculated only with closed trades showing loss or does it also include running trades in loss?
    Would appreciate it if someone can assist with this, especially with how to monitor the daily DD.
    thanks for the informative vid..

    • @renejrgensen9865
      @renejrgensen9865 2 года назад +3

      I allways trade with a risk of 1%. It works as if it hit my stop loss then i have lost exactly 1%. This way i know, that i can have 4 trades running and if they all get stopped out, then i have lost 4% - never 5%. I also make a TP of 1%. Then my win rate decides if i earn money. I do have a high win rate though. I believe i will set up the TP to 1.5 %.

    • @RG-jr8ym
      @RG-jr8ym 2 года назад

      @@renejrgensen9865 thank you for your response, appreciate it.

    • @michaeltran2420
      @michaeltran2420 2 года назад

      I trade features on a better exchange with lesser fees, I am glad to say I was able to do that with the help of Mrs Anna Lawerence . She is so kind

    • @michaeltran2420
      @michaeltran2420 2 года назад

      You can reach her on tele gram with her user name

  • @hnag1907
    @hnag1907 2 года назад +4

    Thanks for a very well explained video. I am a scalper. Trades are between 1 and 5 minutes. Do any of these funding companies allow scalping?

    • @MindfullyTrading
      @MindfullyTrading  2 года назад +1

      You're welcome- Yeah they both do, I think that FTMO have tighter spreads for scalping but MFF also have good spreads, between 1-2 pips 👍

    • @hnag1907
      @hnag1907 2 года назад

      @@MindfullyTrading Thanks for the response. I'm glad to hear that scalping is allowed

    • @juniormj7816
      @juniormj7816 2 года назад

      I have a question? Phase 2 before you get a live account you need to trade 60 Trading day's ? What if I reach the target before 60 day's ,Must I wait for 60 day's still?

    • @IKTraderPro
      @IKTraderPro 2 года назад

      @@juniormj7816 no you'll get after the 2 or 3 days of verification of your I'd and residual address

  • @engenglish610
    @engenglish610 2 года назад +2

    Thank you for this channel 👍👍👍.
    Which broker do you use to trade with small account?
    Another question: what is cfd's? I didn't understand this term?
    🙏🙏🙏🙏🙏🙏🙏

    • @SmartTradersDynasty
      @SmartTradersDynasty 2 года назад +1

      Contract For Differences

    • @MindfullyTrading
      @MindfullyTrading  2 года назад

      You're welcome 😄 I started with Oanda because they have a free demo account which is great for beginners to practice with fake money, as well as other benefits such as no commission fees. Since then I have been trading a small account with them whilst practicing ready for a prop firm. 👍

    • @jacquelineallen2756
      @jacquelineallen2756 2 года назад

      @@MindfullyTrading how are you doing on your funded account. Is it hard or easy. How long before you became profitable

  • @brownmoneyofficial
    @brownmoneyofficial 2 года назад +2

    Great video.... Detailed and articulate. I'll always recommend MFF. Those guys changed my trading career

    • @MindfullyTrading
      @MindfullyTrading  2 года назад

      Thanks for the comment 👍

    • @zukisanidawethe2173
      @zukisanidawethe2173 Год назад

      @Brown Money, I'd like to ask how do you deal with the 5% equity drawdown rule. I'm thinking that if I set my trades and forget for the day and I'm up 10%, if it turns back 5% I lose the challenge.
      How do you combat that, by using trail stops perhaps?🤔

  • @tfm_patrick
    @tfm_patrick 2 года назад +29

    4:05 their is a slight difference in daily drawdown, MFF has an equity drawdown, so even if your in massive profits and lose 5%- you will be terminated

    • @luthmikail2670
      @luthmikail2670 2 года назад +1

      Wait but if i lose 5% but its still more than the initial balance its still considered a violation ? Does ftmo do this too?

    • @hariusthamrin7357
      @hariusthamrin7357 2 года назад +4

      @@luthmikail2670 I'm taking FTMO challenge right now and yes all of the calculation is based on initial balance. 10K drawdown will always be 500 even if your account is up 8%.

    • @malterieckmann6357
      @malterieckmann6357 2 года назад +1

      @@hariusthamrin7357 Yes but not on open positions. If you are 10% up and on the next day the same position is now only 4% up you lose your account!

    • @hariusthamrin7357
      @hariusthamrin7357 2 года назад +4

      @@malterieckmann6357 you are actually right. If you are up 5% on floating profit (equity) and set your SL to break even then the market turn around and stop you out at break even then it is all over. Very tricky, I wish they only use 5% DD on closed profit which is balance and not equity

    • @jM-cj8qx
      @jM-cj8qx 2 года назад

      and this is A HUGE difference. I got tagged out of a challenge on MFF because of this.

  • @Jackolltradez
    @Jackolltradez 2 года назад +1

    Excellent presentation!

  • @chandlerherron6054
    @chandlerherron6054 2 года назад +1

    Thank you 🙏🏿

  • @VolumeTrader1
    @VolumeTrader1 2 года назад +2

    You are great .. you present a great content 👋

    • @MindfullyTrading
      @MindfullyTrading  2 года назад

      Thank you very much, so glad you're enjoying the videos 😄🙏

  • @issabelmartins8658
    @issabelmartins8658 2 года назад +21

    if you have a trading adviser and he/she has not mention investing through forex funds please let go of service,my shout out to Mrs PRISCA ELVIS and her trading company for their skill,professionalism and good timing in the trading world at large and also for making my passive income a reality limelight!

    • @houstoncalls4508
      @houstoncalls4508 2 года назад

      investing in Forex funds have been more than a reality passive income to me after some humiliating lost to my previous gambling life,an introduction to Mrs PRISCA Elvis trading company and investing guards made me a complete passive income beneficial,she's a life saver to my investing impact.

    • @daveyork8077
      @daveyork8077 2 года назад +1

      Seems like yesterday when i thought of investing and my distance cousin sent me a link to better trading was adamant after 3 days was on you tube and saw same link and some person's commenting about MISS P ELVIS it was like a dream opener and i grabbed the linked and after my 7 days trading on her companies platform i got my first ROI (return of investment) ever since then my trading wallet have been cheers all the way.

    • @cattymat6790
      @cattymat6790 2 года назад

      Wow..amazing to see others who trade with Mrs prisca elvis,am currently on my 5th trade with her
      and my portfolio has grown tremendously

    • @ericpears2103
      @ericpears2103 2 года назад

      I have traded with alot of individuals but i have never come across anyone as good as Mrs prisca elvis,just by applying her strategies, i now trade independently.she is the best i do advice any novice in investing to trade with her.

    • @sandyflash3556
      @sandyflash3556 2 года назад

      This is not the first time am hearing of Mrs prisca elvis on her exploits in the trading world but no idea how to reach her

  • @erickfernando1764
    @erickfernando1764 2 года назад +3

    Small correction if you fail on stage 1 at MFF: if you choose to extend your period on stage 1 you CANNOT have a free retake. You need to choose between one or another: retake or extension

    • @dontseki6730
      @dontseki6730 2 года назад

      @SpookyActionAtADistance It sounds like your already trading with them.Id like to know about their customer service and payouts from your perspective and how it's like working with them.Please if you don't mind.I wanna try them out am just skeptical.

    • @erickfernando1764
      @erickfernando1764 2 года назад

      @SpookyActionAtADistance I've just purchased the 100K challenge last week. It says on the website and on the recommendation rules on the email after you purchase it: you need to choose between one or another. Maybe it was changed from the time you took your retake

    • @dontseki6730
      @dontseki6730 2 года назад

      @SpookyActionAtADistance Thnx alot.

  • @Dominik-hm2cv
    @Dominik-hm2cv 2 года назад +2

    I think FTMO has not a max. Draw Down they use an account equity stop of 10%. Meaning on a 100K account the stop Loss is 90K.
    I think if you up on 105K you have now 15K instead of a 10% DD. Which is pretty good.. If i understand this rules correctly

  • @robrising7420
    @robrising7420 2 года назад +3

    well.....you look very nice...enjoy your informative videos and you documenting your trading journey.

  • @Mflorean24
    @Mflorean24 2 года назад +4

    Great work in explaining all the differences, thanks a lot for this. Saved everyone a lot of research time!

  • @mobokomoboko8074
    @mobokomoboko8074 2 года назад

    Good day,thanks alot for your teachings.i have a question.If i have a 10,000 dollar account with MFF and i made 1500 dollars on the first trading day,my account will be 11500 dollars and the second trading day i lost 700 dollars.Will my account be closed because i violated 5 % on that day? And what will happen of the remaining profits on my accounts ? Will i lost everything ? I will be very happy if you can clarify me on this.

  • @GLmig
    @GLmig 2 года назад +3

    Hi. Thank you for the video. I know it's not related but how are you finding the value of the storyofprice? Is it worth it in your opinion?

    • @MindfullyTrading
      @MindfullyTrading  2 года назад

      You're welcome- I have had to take a break from the Story of Price for the past 2 months with moving house and the pregnancy. But I intend to get back into the mentorship as I felt it did help. It was a rolling monthly mentorship, you could always try it for a month and see if it's right for you. 👍

    • @GLmig
      @GLmig 2 года назад

      @@MindfullyTrading thank you for taking the time to reply. Wish you all the best with the pregnancy.

  • @Undurkhaan
    @Undurkhaan 2 года назад

    Thank you

  • @theravenreal
    @theravenreal 2 года назад +3

    Very well said!

  • @BlindFoxXx515
    @BlindFoxXx515 2 года назад +2

    Awesome video, thank you!

  • @iTradeAIMS
    @iTradeAIMS 2 года назад +1

    Thanks

  • @nicholaskimutai1497
    @nicholaskimutai1497 2 года назад +21

    Thank you, However, you missed out on something. DAILY DRAWDOWN and MAX DRAWDOWN. If you have made 1000 profits that day, it doesn't count as a direct buffer, but it's added to your balance and that's where they calculate the daily drawdown. That's the only difference why I prefer FTMO, your profits act as a buffer both on the daily and max drawdown before the initial deposit.

    • @ente_kadang2_ya158
      @ente_kadang2_ya158 2 года назад

      What do you mean? U refer to to floating margin?

    • @nicholaskimutai1497
      @nicholaskimutai1497 2 года назад +12

      @@ente_kadang2_ya158 For ftmo if your 5% drawdown on a 100k acc is 5000, and you have made a profit of 8000 that day and later that day you made a loss of 6000, then you have not violated the DD, but with MFF you would have because the DD is fixed to the 5% of your starting Balance

    • @ente_kadang2_ya158
      @ente_kadang2_ya158 2 года назад +1

      @@nicholaskimutai1497 that's wicked, so it's based on initial balance or deposit? Not accumulation?

    • @renebleu8711
      @renebleu8711 2 года назад +9

      Exactly!
      In MFF - If you profit 10k and have a balance of 110,000. My Forex Funds will start your daily drawdown from 110,000. So, if you lose more than 5 percent of that, your account if lost!
      FTMO allows you to use the 10 as a buffer meaning, you can’t lose more than 15,000 for a daily drawdown if your balance is at 110,000 for that day.

    • @billionairesambo
      @billionairesambo 2 года назад +1

      @@renebleu8711 This information is inacurate. FTMO will reset its daily drawdown each day to 5% of the starting balance. Regardless of how much profit you make.

  • @meditacionytrading9249
    @meditacionytrading9249 2 года назад +7

    Hi, thanks for the detailed info. I have a question though. What about the commissions and spread of MFF? Because if they are too high, there it may lie the difference.... Do you know anything about it? Thanks a lot. Best.

  • @raffaelloschirinzi2072
    @raffaelloschirinzi2072 2 года назад +1

    Very interesting comparison analysis👍

  • @fungo6609
    @fungo6609 2 года назад +2

    So with MFF when you passed phase 1 can you withdraw?

  • @kapilindrani4181
    @kapilindrani4181 2 года назад +2

    I hope there are no withdrawal issues with them, please can anybody tell me if they will fraud during profit split?

  • @Vstarbuilders.
    @Vstarbuilders. Год назад +2

    Very Thanks for your clear explanation

  • @dellycapron5528
    @dellycapron5528 2 года назад +1

    This is the best comparison

  • @productsandservices7472
    @productsandservices7472 2 года назад +2

    perfectly explained thank you

    • @MindfullyTrading
      @MindfullyTrading  2 года назад

      You're welcome!

    • @mrsTessy1telgrm.
      @mrsTessy1telgrm. 2 года назад +1

      👆👆I'll recommend you to expert Mrs Jessica of finance education, tell her jack referred you,she's the key to crypto.

  • @meloz2857
    @meloz2857 2 года назад +2

    Great breakdown very informative, great video

  • @jorgecabrelles7189
    @jorgecabrelles7189 2 года назад +1

    Hello,
    Question, MFF only uses metatrader or is ctrader enabled?

  • @enriquegonzalez6570
    @enriquegonzalez6570 2 года назад +2

    Hello !!! I love your channel :) I have a question. How many of these Funding companies can you blow out? What I mean is... if you blow out a challenge - are you able to do another challenge with the same company? If so, how many? Also, can you more challenges with other companies or is there away for they knowing you did not pass other company challenges?

    • @MindfullyTrading
      @MindfullyTrading  2 года назад

      As long as you pay for the retakes there is no limit. Unless you have free retakes with the specific company.

  • @funlist1153
    @funlist1153 Год назад

    how do you get the us500 ticker on myforexfunds trading platform?

  • @RG-ol5mz
    @RG-ol5mz 2 года назад +4

    MFF
    Daily drawdown is 5% of the starting equity or balance of the day (whichever is higher) every 5:00pm EST. For example: If your starting equity is $103,000 but your starting balance is $100,000 then the daily drawdown will be based on your starting equity because it is higher. 5% x $103,000 = $5,150. Your account balance/equity cannot go below $103,000 - $5,150 = $97,850 for the day. If your starting equity is $95,000 but your starting balance is $97,000 then the daily drawdown will be based on your starting balance because it is higher. 5% x $97,000 = $4,850. Your account balance/equity cannot go below $97,000 - $4,850 = $92,150 for the day.

    • @MindfullyTrading
      @MindfullyTrading  2 года назад

      Thanks for sharing 👍

    • @RG-ol5mz
      @RG-ol5mz 2 года назад

      @@MindfullyTrading tnks dear
      I share here coz most of trader don’t know the drwdwn rule of MFF

    • @krauze55
      @krauze55 2 года назад +1

      So ftmo is calculating drowdown from starting ballance - with 100k accout my max daily drowdown is 5% - 5k ? When i made 10k profit in a day and my ballance is now 110k i still can loose those 10k and 5k as my max daily drowdown. How it looks in MFF? If i made 10k profit in a day i still can make lose of 10k (profit) and 5% as daily drowdown?

    • @RG-ol5mz
      @RG-ol5mz 2 года назад

      @@krauze55 in MFF u cant add ur profit to daily drwdown
      Its only 5%
      Whether u make 10k or 20k a day it doesn't matter

    • @petermuhoho3780
      @petermuhoho3780 2 года назад

      Thanks for sharing this. Hence it means FTMO is still better as it allows you to create buffer to increase your risk per position right?

  • @Flapsi89
    @Flapsi89 2 года назад +1

    what about spreads?

  • @conquercrypto6526
    @conquercrypto6526 2 года назад +1

    Great help LOVE IT ❤️

  • @munnybunny
    @munnybunny 2 года назад +2

    You avoided talking about spreads or how MFF doesn't allow investor accounts to actually look at their live spreads.

    • @dontseki6730
      @dontseki6730 2 года назад

      Please tell me about your argument.I would like to try it but am skeptical.

  • @donieafrianto9769
    @donieafrianto9769 Год назад +1

    is it in the live account that we got after completing the evaluation stage 1 and stage 2 the rules are still like that???

  • @hardeepsingh5400
    @hardeepsingh5400 2 года назад +1

    Thanks for sharing valuable information

  • @jasonadolphus386
    @jasonadolphus386 2 года назад +1

    Great video, have you tried MFF as yet and how has it been going ?

    • @MindfullyTrading
      @MindfullyTrading  2 года назад +1

      Thank you, I am currently trying them out, I will keep you posted as the account develops 👍

    • @jasonadolphus386
      @jasonadolphus386 2 года назад +1

      @@MindfullyTrading thank you !