Is It Better to Trade with a Prop Firm or Trade Your Own Money?
HTML-код
- Опубликовано: 7 фев 2023
- Andrew Lockwood explains why trading Forex using the Prop Firm Funded account is no different than trading your own money when it comes to the emotional challenge. If you want to become a successful funded trader this is a must-watch video.
👨 Join our Free Discord Community: bit.ly/TCTDiscord
💵 Apply for Funding: www.thecitytraders.com
🎁 FREE Weekly Watchlist and Market Report: go.thecitytraders.com/weekly-...
📈 Download FREE Naked Trading Cheatsheet: go.thecitytraders.com/naked-t...
📉 Download FREE Boomerang Trend & Reverse Strategy Cheatsheet: go.thecitytraders.com/1234-tr...
🔗 Connect with us on Social Media
Facebook: / thecitytraderscom
Instagram: / thecitytraderscom
Twitter: / citytraderscom
Tiktok: / thecitytraderscom
LinkedIn: / thecitytradescom
-------- About The City Traders
The City Traders is a community of aspiring traders who can explore effective methodologies to eventually make a career as a funded trader. We know that the education and proprietary trading industry is crowded with unrealistic expectations and criteria resulting in failures.
We are solving these problems by focusing on three crucial areas:
- Comprehensive education from real traders
- Funding program designed by traders for traders
- Growth in performance and personal development
We strive to enable every community member to own their future and equip them with the skills and support they need throughout varying economic conditions.
-------- Risk Disclaimer
Trading the financial markets carries a high level of risk, and may not be suitable for everyone. The information made available here is to provide education only and not investment advice. We recommend that you seek professional advice before carrying out specific transactions and investments.
Futures, CFD, Margined Foreign Exchange trading, Warrants, Options, and Spread Betting carry a high level of risk to your capital. A key risk of leveraged trading is that if a position moves against you, the customer, you can incur additional liabilities far over your initial margin deposit. Only speculate with money you can afford to lose. Futures, CFD, Margined Foreign Exchange trading and Spread/Binary Betting may not be suitable for all customers, therefore ensure you fully understand the risks involved.
#propfirm #fundedtraderprogram #tradingemotion
Andrew Lockwood explains why trading Forex using the Prop Firm Funded account is no different than trading your own money when it comes to the emotional challenge. If you want to become a successful funded trader this is a must-watch video.
I agree, your emotions should be in place. Managing your personal account should be no difference as managing a prop account in terminal of risk managing.
But of the trader dont have the power of equity could give you, is better to put an effort passing an evaluation to manage a larger capital than the one we can put on broker platform.
And be aware of ponzi schems as you say, been there!
Interesting, clearly expressed, overview of the pros vs the cons of trading prop funded capital. I agree, the trader's psychology, sound discipline, great risk management, are among the most important aspects when trading any capital, however.
We need to grow this channel
thanks Andrew
thank you always 😇
Great explanation of the prop industry Andrew...its fascinating how much opportunity is available to retail traders now...but people must be careful choosing prop companies!!
My number 1 fan
excellent advice
Glad it was helpful!
Thanks 👍
Welcome 👍
No one trade should make you, and no one trade should break you... very correct, but to abide by it, not as easy as it sounds
if it was easy everyone will be a millionaire!
for me going with prop firm is cool...and am currently trading with liquidmarket offering both MT4/5 at the moment
Great! Thanks for sharing
I'm a funded trader but my goal is to make a decent amount to eventually trade with on a personal account for several reasons one being I prefer spread betting for the tax-free advantage it offers Vs having to pay taxes as a funded trader and being generally free to set my own rules.
Goodluck!
Which brooker do you use ?
Who said you have to pay taxes as a funded trader? Open an company and let the payout get deposited to your business. Pay yourself 10-20%
@samricher still have to pay corporation tax on it. Most brokers pay out in crypto nowadays... not taxable
what's the true math behind stated acct equity and actual acct size when considering drawdown, max contract size, leverage, etc? It's not like prop firms are giving out $25k, $50k, $75k, $100k, $250k, etc on a whim. One's essentially paying for access to levered capital w/ acct size equal to margin allowable to carry those contracts
fancy a shot? check out our assessments. Great for those that can trade but dont have capital
Hi Andrew, can you do a video explaining what's in your course (if that's what you offer) please? Thanks 👍
Sure thing!
@@thecitytraderscom Thank you 👍
Great video Andrew! One thing I don't understand though is.. you are saying a realistic percentage gain per month is 5-10 % right? But we can gain 4% on just one trade if we risk 2% on a 1:2 RR ratio! So I think the Monthly percentage gain would be much higher than 5-10% 🤔 and that is taking into account the losses we'd face. I would love your feedback on this 😀
It’s because he was suggesting only risking 0.25% to 0.5% which means that a monthly gain of 5% would be equivalent to a monthly gain of 20-40% which is very good.
Pre-trade or anticipated RRs are nothing more than perception. It is not guaranteed. The only thing ever guaranteed in every trade is risk, never return. And thus the wisdom of keeping risk small to 0,50% or so, especially for newbies. It's fine to run the analytics on your performance over time; the past week, month, quarter, year, etc., and see that your trading acumen is good or improving as measured by a metric like RR, etc. But I continually hear some people refer to this idea that - "I only take trades with 3:1 RR" or whatever. Do you see the flaw in that logic? No matter how 'good' a trade 'looks', the metric that matters in deciding whether to take it is the risk. Anything else is belief in one's trading acumen, which has to be built, and not the 'picture' on the chart. Charts should actually, probably be banned entirely and traders just trade the quote; read the tape. That would do away with a lot of the RR narratives. Cheers
Some wise words in this video.
Thank you for support and kind words!
av heard that when u got funded you don't trade with real money but with a demo account but when you earn profits they will pay you, i don't understand how that works, can someone explain this to me
Lots of people fail the evaluation stages. They pay with that. If everyone passed and made a profit they wouldn't be able to pay, unless they have insurance for that.
LOL....the real reason most traders using Prop Firm Money is...... The prop firms are HEDGING against YOUR BET........ it is THERE CLOSELEY GUARDED SECRET because it makes them money. Imagine the Power of Volume Hedging against your BETS...... that is about as equal to reaching into your pocket and lifting some cash out for myself.
1:21 My Forex Funds 😂
yeah , not good
Quit smacking your lips
I could watch more of his videos if he stops doing that. It really throws me off