GETTING FUNDED as a Trader with City Traders Imperium - Daniel Martin
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- Опубликовано: 8 май 2024
- In this episode of the Desire To Trade Podcast, I sit down with Daniel Martin, founder of City Traders Imperium to discuss his career as a trader and what is behind the prop firm he created.
Get Funded by City Traders Imperium: desiretotrade.co/citytraders
📈 FREE Case Study "Quitting Your Job To Finally Trade Full-Time": desiretotrade.co/case-study
Timestamps
0:00 Start of the Interview
0:14 Introduction
01:00 Who is Daniel Martin and the story behind City Traders Imperium
5:23 The importance of making a strategy work for you
7:00 What motivated Daniel to build his own prop firm
9:24 What took Daniel from losing to a profitable trader
10:31 What makes CTI different from other online prop firms
11:52 What it takes to get funded by CTI
15:00 What other factors does CTI offer that differentiates them from other online prop firms
16:11 What type of support does CTI offer to their funded traders
17:40 How the prop firms fee structures show you what they really care about
19:41 Common traits of failing traders and how to turn them around
22:44 What is Daniel Martin's daily trading routine
26:54 The importance of checklists and simplifying your process
31:29 What does Daniel recommends to aspiring prop firm traders
32:40 Where to find Daniel Martin and CTI
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// SOCIAL
Forex Trader Community (Facebook Group): desiretotrade.co/FBgroup
Facebook: / desiretotrade
Twitter: @desiretotrade
IG: @etiennecrete
// TRADING MUST-HAVE RESOURCES
Forex Broker (Pepperstone): desiretotrade.co/pepperstone
Forex Broker for Canada (Axi): desiretotrade.co/axitrader
Best Platform: desiretotrade.co/tradingview
Backtesting Tool: desiretotrade.co/soft4fx
VPS (for algo trading): desiretotrade.co/vps
Trading Journal: desiretotrade.co/journal
// MUSIC
David Cutter Music - www.davidcuttermusic.com
Andrew Applepie - andrewapplepie.com/
// 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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Развлечения
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What's your favorite advice from this interview?
How he goes into the psychology aspect is the most important part of trading is sooo important to understand. So many strategies work that people fail at, simply because their mindset is in the wrong place! Thanks for this video!
Best interviews on RUclips hands down!!
Thank you, Malik!
man your interviews are really helpful
thanks for taking your time make these helpful videos and interviews
Some of best questions I ever heard in inverview practical
That was an excellent interview!!!! Really like Daniel Martin. I signed up to CTI over Christmas and now have great expectations for a good relationship!!
How is it going so far? I am thinking about signing up as well but I'm not pretty sure about their conditions.
@@santiquiles993 Only been trading a week so far so won't know until I hit my target I guess. I've been trading very light but will increase lot sizes this week but only 0.5% of account. Their terms as I have read are excellent and they have just made them even better. I received an email but haven't checked the site.It's so cheap if you pick the lowest plan, it's a no brainer as risk is so low. Only one account is allowed, which is a shame. I like the look of FTMO but max accounts are low and I don't like the timelines because in the trial it looks like over trading to me. The only other one is Jeff Wecker, he's a top guy and trust worthy as I have been dealing with him for a while and also mentored a bit. I will definitely join his Prop later but CTI I feel are worth a try, I really liked this interview.
@@gibsonlespaulspecial how’d it go one year later bro? I’m thinking of doing the funding challenge now
@@yassingurhan6204 hi, I broke the rules by mistake which wasn’t great. I was in profit but it would have been nice to have been advised straight away. That said, I still like CTI, although I have gone with the 5%ers because of cost now.
@@gibsonlespaulspecial were the rules strict? Sorry to hear that by the way
I join the CTI currently on this evaluation phase for 3 weeks .,still happy that I have one year as time frame
I just started my evaluation phase.
City Traders Imperium is for me the best:
+ Holding trades over the weekend
+ The growth scheme up to 2m
+ No maximum days in the evalution period
(up to 1 year)
+ One time fee
(refundable)
+ Keeping the balance after getting paid, to compound the profit
+ if you're on pier 3 or higher and you've transgressed the rules, that does not mean that you automatically have to start over with the evaluation
.
+ Just 4 trades p/m after the evalution
+ They double your account everytime you make 10% profit
On the other hand;
- 50% profit share
- low maximum relative drawdown
(4%)
- Only MT4
FTMO was for me the best, but it's very limited.
Great to hear your thoughts on City Traders Imperium!
4% drawdown is very less
@@ukkk123 It depends on your risk management ;)
@@RealFlightSimX my point is you feel at the back of my mind and you wont trade freely, instead put 1% loss every give 10%. statistically on 60% winning system you can make 16 losses in a row.
@@ukkk123 consider the time given, its not a must to make 1% loss on a single trade , you have to make it less 1% so as to have multiple chance b4 you hit 4%DD. CTI is still the best no pressure esp when you hit it max accnt balance 2m. Assume of making 10% of 300000$ in 2month(though you can go beyond that due to its max loss exposure) with 70/30 profit split and making 10% of 2m in 4mth with 50/50 profit split....Do a math and get to know which one worth it.
Great interview and nice to hear about another option available. The only thing I didn’t care for was the part about shutting the trader down after 3 consecutive losses. My last strategy I was working on has had 3-4 consecutive losses in a row but still has a very high win rate, but not allowing a trader the 4% would likely not make this a favourable option for me. I’m just starting to teach myself Python and I will hopefully be doing algorithmic trading next year. My goal is to automate this if possible. Thanks for sharing.
I guess he means three applications but maybe I have misunderstood him.
I hadn't heard of this company before, but I like all the interviews you have given to these similar competitors! Daniel seems like a genuine guy and the company sounds great. Although I think this challenge is definitely for the slower paced traders, especially compared to FTMO. At first it sounded easier to pass and more appealing because of their $2 Million account opportunity. But they have some more strict rules on risk and lot sizing that I believe a trader should really understand before taking the plunge on CTI. It sounds like an awesome opportunity for anyone feeling confident enough though. Great interview!
Rightly said. It's a good company with a good offering, however it's tailored towards people that would be okay with very modest gains over a long period of time compares to a firm like FTMO as you've mentioned.
If you comfortably make 1-2 % every single month on 4 mill USD at CTI, that is 28-56.000 USD a month to you, after the 70 % profit split. If I am not mistaken. Is that bad?
@@martinsl1979 LOL for you to get to the point to manage two top tier PM funds would take decades...given the strict relative drawdowns and limited lots 😅
Good day Etienne, appreciate all your efforts. Please, kindly do the comparison between Prop firms. God bless.
Thank you! I'll start to work on that!
Yes, please do sir it will greatly helping us from around the world. Keep it up bro..ure awesome
I like him, he is very relatable. I will join them soon
Great vid as usual 😎👍
Thank you 🙏
Hi, Etienne, Great as well. Can I trade for others from my country? I have capital problem but I am trading in Micro e-mini S&P 500. Please answer me.
i'm already subscribing and smashed the like button
Thank you very much!
@@DesireToTRADE you are welcome
Hey can you please review tradersprop. They have 3 different models
One of the best interviews.
I'm very glad you liked it! 💪📈
Can you do an interview with Trader2b? They also do funded accounts.
due, you need to bin the grey t-shirt!
Thanks E cool Interview,.not interested in working for others. Done that me whole life so now I will work for me.
Go for it! You're on the right track 💪📈
Very good
Glad you liked it!
Hey , I didn’t catch the name of the book , what’s the name again ?
Trading In The Zone by Mark Douglas
Can anyone explain their low leverage 6:1? Definitely this is a slow process to be profitable
It's pretty much a 1:500 leverage account that is worth your deposit. So you pay the deposit for a leveraged account worth your deposit and then share the money you make from your money with them. This is the usual model funded accounts use.
Admin and montly fee? Not enough with profit split?
There is no monthly fee or extra fee, just a one time fee to cover the drawdown and the cost of opening the account
Tom Segura really hit the books
Hello guys, I just wanted to ask you, if you have same problem with communication as me. FTMO and 5%ers they have live chat and respond to my questions via mail really quickly, but I wrote two emails to CTI and I am waiting already two weeks and nothing happened. I wrote to FB official site and also to mail, no response at all.
They're definitely a smaller team and have had a lot of requests lately I guess.
Has anyone tried CTI? What do you think of it?
...ACOR... !!! Strong buy and potential short squeeze with target 6$ !
Thanks Etienne, They are white label/resellers of 5ers her in the UK, this guy he use to work for AudaCity actually, I did an interview with him back in 2016 in Audacity trading floor.
CTI and 5ers are direct competitors not partners. Its like saying Mercedes is a white label of Renault because they have both have the same colour brake lights. Have some proof before speaking lies!
We're not white-label to 5ers and definitely not reselling their program. We are totally independent of each other. In regards to Daniel working for Audacity, we can tell you he was not. He is a friend of Kareem and Daniel used to be there to fill his time by teaching in his free time as he loves teaching others how to trade.
@@CityTradersImperium All your setup its a copy of 5ers, the pricing, the platform, payout...., I confirmed that from someone working for 5ers, you are just a middle man sort of IB operating with commissions, sounds you were doing charity work at Audacity then loll what nice guy.
@Jonathan Kirby relying on information from a direct competitor is the last thing someone would base their claims on. However, you're welcome to join us anytime and see that we are not what you are claiming of. Peace✌️
What this is mean psychology strategy? In Time 14:53
Arnaque??
Why would it be? Several of my students trade with their capital.
Blah, blah, blah psychology. I wish my problem was psychology. No. The problem is that quite much no strategies work. When they are backtested they work. When I forward test them they stop working. I had a good period in December. I had 13 trades on the same strategy trading on the 4H. 9 were winners. The question is. Should one just stop trading for weeks and maybe months after such a period? Because the same strategy made 13 losses in a row after that. If I had a successful strategy but I ruined it myself with bad discipline it would be a dream compared to this situation. My bad psychology is something I could have done something with.
FTMO still the best, I trade for them and they pay
yes but I don't like the idea that FTMO won't allow you to hold trades during the weekend
who are ftmo from please
City Traders Imperium is the best:
+ Holding trades over the weekend
+ The growth scheme up to 2m
+ Real live accounts from day one
+ No maximum days in the evalution period
(up to 1 year)
+ One time fee
(refundable)
+ Keeping the balance after getting paid, to compound the profit
+ Monthly payout, no effect on balance
+ if you're on pier 3 or higher and you've transgressed the rules, that does not mean that you automatically have to start over with the evaluation
.
+ Just 4 trades p/m after the evalution
+ They double your account everytime you make 10% profit
+ Chatroom Community on Discord with all the traders and owners of CTI
- 50% profit share
- low maximum relative drawdown
(4%)
- Only MT4
FTMO:
+ 70% profit share
+ 10% fixed drawdown on every account (when you make 10.000 profit on a 100.000 account, you can lose 20.000)
+ If you met all the conditions on the evalution or verification stage except the profit target, they will give you a free evaluation
+ Fee refundable
+ MT4, MT5 & cTrader
- Evaluation in 30 days (20 trading days), profit target 10%
- Verification in 60 days (40 trading days), profit 5%
- You can't hold trades over the weekend
- Growth scheme is very slow compared to CTI (every 4 months 25% if at least 2 of the 4 months were profitable)
- Payout has effect on you balance, hence effect on you compounding
CTI for me
@@RealFlightSimX
Hello, i would like to join CTI soon. Can you please give me Discord link for CTI community server. Would be nice. Thanks. And good trades👊
Let's talk frankly. Their exam is difficult. In general, most systems win by 50% to 60%, meaning that it is not surprising that you lose 5-7 trades in a row, and let's say that you risk 0.5% about $ 50 on the 5000 $ account four losses and you are out of the game
$50 on a 5k account is 1% not 0.5%
@@hatcher_ you geat the idea that its hard
It's not really hard. They're just risk rules. When you start getting investors in your trading, different investors will have different risk appetites all you really have to do is reduce the risk per trade to something like 0.15 or 0.2% and you'll be fine on losing clusters. The progression is slower because it's smaller risk but the drawdown will also be smaller
@@hatcher_ i love it you are smarte trader
I hit the target in one month and passed on the 2nd month risking 0.25% per trade. You just need a few high RR trade on the lower timeframes. My win rate was 47% and DD -1.36. It can be done but only if you believe it can. This game is all about mindset and psychology.
Russian casinos rules, with such rules its an other way of saying pay us money and go away.
They don't make money when the trader fails the Evaluation challenge.
Just an other dodgy version of FTMO, 100% conflict of interest, when you lose they make money.
The casinos at least are fair and they have enough money to pay you in case you get lucky, those guys all their balance sheet is less than 10K check companies house website and he is talking millions....all prop firms are the same looking for losers....but those guys are really hilarious. you ll never get to touch my hard working money...
@@samirorange83 because that is very unethical and will ruin their entire reputation. It will have to state this on the T&Cs to protect them which it doesn't. Would they really risk legal issues when they can be honest and actually want to find good traders?
@@rodrigo_antonio actually they made money when you fail. We pay £200 to be able to trade account with $200max drawdown. They keep the change if you fail. I think the best way to get capital is starting a copy trade with profit sharing scheme or management fee.
I play fifa 21 all day and close 4000$ trades daily😂
How?
@@lazytradermidset by scamming people to sign up to their shit bro don't trust comments especially in this field
talk a little slowly please , you are too fast .
If you click the top right three dots, you can change the playback speed. I found .75 to be good for this interview.
It sounds like he is sitting in his bathtub I can hear the water dripping. Kind of creepy thinking he's doing an interview naked from his bathtub
hahaha
It’s a Skype notification sound
Just an other Ponzi scheme, but this one looks really cheap, this gentleman seems doesn't know what he is talking about.
They are promising to give millions to manage loll, I doubt themselves dont have 10K in their bank account.
Harsh and unfounded
@@ianbromer11 You have proof?
I do actually , you challenged the wrong guy, Im an accountant just check your balance sheet statement on companies house website N 11463147, you Incorporated on 13 July 2018, you all asset its 10086 pound, and you’re renting a desk or address at We Work, how can you promise millions to manage... stop taking people as fool, people are not idiots, a bit of respect.
@@lukegarcia3238 well, nothing is hash than someone is insulting your intelligence and taking you as fool...
BS... just use a bot.