@@avonlady30 I understand the temptation, but MFF and FTMO must have their traders fail as much as possible in order to pay you. No one is talking about one trader succeed; 1000 are failing. Otherwise, they can not pay. Better go with a company like The5ers that at least you could trust
@@saqibiqbal39 Hi Saqib. Time will tell but I believe that MFF is the real deal. They have their own brokerage so they can make money off spreads, swaps etc.. They also have their accelerated programs set up to where your payment covers the max draw down loss before you have an account violation. And at this point in time, I truly believe that they are playing with live money and not just demo accounts like the others.
Made my thoughts known previously on these types of funding companies. However, I have to say that MFF is going from strength to strength and are the only company that could knock FTMO from the top of the league table. I am also seeing more tick in the boxes when doing due diligence on the company. Just need to visit their office and meet the staff before recommending them. Keep up the good work 👍
You misquoted Phase 2 of the MFF Evaluation program (regarding time completion): "If you successfully complete phase 1, you will need to start on phase 2, where you are required to reach a profit target of 5% without breach any of the other rules within 60 calendar day period."
With the 5%ers, assume if you trade 24,000 usd accnt, are you allowed to risk 1% of your account for each trade? The 1:6 leverage seems very small to me. If they allow for 1% of your account size, its not bad at all given you have 180 days to pass the challenge.
No I don't think the leverage would let you risk 1% per trade, and with a 4% max loss; that's only allowing 4 consecutive losers before hitting max drawdown. The 5%ers would require a smaller risk approach to trading, but they give you a lot more time to complete the challenge 👍
Question: It looks like you are using Trading View for your analysis and then you make the trade on MT4/5, which broker that Trading View has works best with the MT4/5 platform? I''ve been comparing MT5 against FXCM and OANDA on Trading View and both FXCM and OANDA look off by a few pips, and the bid price would put me down 5-6 pips already if I were to buy. Hope I'm off somewhere cause that spread seems nuts. I'm planning on doing My Forex Funds as well, but with this kind of spread makes it tough.
Hey that's Magic Keys- A tool I use for risk & trade management. I share more about Magic Keys in this video if you're interested- ruclips.net/video/V4TcXIwy1k0/видео.html 👍
my question is about evaluation program in MFF. If I make (from 10k account) 50% then i have 15k. So is overall drawdown still 12% from initial 10k (6200) or from 15 k (1800 ) ? If first - great :) Sorry for my english
My question is: how many fail to complete phase 1 and 2? Is the trader's failure ratio a main source of income for those companies? They can give you an account to manage but it doesn't have to be a real account. Who cares as long as they pay you your share of profits of the gains you made from revenue they generate from suckers who are attracted to a challange and fail, right?. Even if you qualify for 'a real account' sooner than later you will make a mistake which will cancel your right to manage a given account so even if you stayed in the game for some time its cost is manageable. To sum up. Isn't it a scam? If it is, does anyone care?
I can see your points... I think that prop firms have their advantages and disadvantages... They require you to take more risk and can be more difficult but for the successful trader they can provide a nice account size to trade. Maybe I should talk more about this in a separate video as you raise some good points 👍
@@MindfullyTrading You are not only cute but enjoyable to listen to and watch. I like your modesty and the way you present your views and thank you for responding to my message. PS. I watched your old video where you mentioned your account size and intention to check out your skills with a prop firm. Have you managed to get through and get an account to play with?
Wow superb video, another thing when the account will be doubled in mff after making the profit then the daily max loss will be increased also ? If yes the how much?
All unverified. I've been trading for 10 years. I don't know anyone who has cut a cheque. I know a few who have tried basicially admitted that they have just paid to trade a demo account.
It’s all real. Everyone gets paid. But they piggy back on your account. Once you establish profit cycle, they keep close track on what you doing. And after couple months they add extra zeros on profitable accounts and enjoy. You trading 100g and get paid 80% on what you make, meantime you traded 10mil account without knowing it. So you happy with 10g a month but in reality profits was 100G . And you get only 8G . All they need is few good traders to work them as a horses to pull profits 24/7.
Interesting. Just checked MFF on FPA doesn't look very good at all. Right, I follow this business model now. I just wonder if they will log themselves in to look at your toolset and then try to automate a profitable strategy as well. They're effectively using you a real life neural network but you personally wear the emotional trauma while a great strat will get sold on to an institution or kept inhouse. Anybody know who is funding them?
I have heard this as well but I haven't heard this affecting payments. At the end of the day, it doesn't really matter as long as the company pay you 👍
I took a previous challenge with the 5%ers at the beginning of the year which I didn't pass. Since then I joined their free summer challenge and I'm currently taking it slow and steady 😉
Really good video, it's important that beginners know these basis strategies that can assist them with their trade career. It requires a lot, I guess many make losses due to lack of skills to handle their tradings
Since its no brainer there has to be soething behind.... just an advice, mff has ridiculous slippage...meaning, it wont take the stop los cuz of slippage. Disappointed
MFF is miles way ahead of 5%ers if you're a profitable trader. No comparison
Word!
@@avonlady30 I understand the temptation, but MFF and FTMO must have their traders fail as much as possible in order to pay you. No one is talking about one trader succeed; 1000 are failing. Otherwise, they can not pay. Better go with a company like The5ers that at least you could trust
@@saqibiqbal39 Hi Saqib. Time will tell but I believe that MFF is the real deal. They have their own brokerage so they can make money off spreads, swaps etc.. They also have their accelerated programs set up to where your payment covers the max draw down loss before you have an account violation. And at this point in time, I truly believe that they are playing with live money and not just demo accounts like the others.
Made my thoughts known previously on these types of funding companies. However, I have to say that MFF is going from strength to strength and are the only company that could knock FTMO from the top of the league table. I am also seeing more tick in the boxes when doing due diligence on the company. Just need to visit their office and meet the staff before recommending them. Keep up the good work 👍
Thank you 😊
Ftmo also doesn't permit traders from India recently
You misquoted Phase 2 of the MFF Evaluation program (regarding time completion): "If you successfully complete phase 1, you will need to start on phase 2, where you are required to reach a profit target of 5% without breach any of the other rules within 60 calendar day period."
With the 5%ers, assume if you trade 24,000 usd accnt, are you allowed to risk 1% of your account for each trade?
The 1:6 leverage seems very small to me. If they allow for 1% of your account size, its not bad at all given you have 180 days to pass the challenge.
No I don't think the leverage would let you risk 1% per trade, and with a 4% max loss; that's only allowing 4 consecutive losers before hitting max drawdown. The 5%ers would require a smaller risk approach to trading, but they give you a lot more time to complete the challenge 👍
Question: It looks like you are using Trading View for your analysis and then you make the trade on MT4/5, which broker that Trading View has works best with the MT4/5 platform? I''ve been comparing MT5 against FXCM and OANDA on Trading View and both FXCM and OANDA look off by a few pips, and the bid price would put me down 5-6 pips already if I were to buy. Hope I'm off somewhere cause that spread seems nuts. I'm planning on doing My Forex Funds as well, but with this kind of spread makes it tough.
I have only ever used mt4 and haven't compared across the platforms. So I dont have an answer for you, sorry.
@@MindfullyTrading no worries, thanks for your reply
Do you have a breakdown of costs to acquire a trading set up excluding hardware?
What exactly do you mean? I can share more info but what do you want to know e.g. laptop, screens, software... ? 👍
It's interesting but there are also a lot of scams ... Therefore, it would be good to compare prop firms and see which ones are the most reliable ;-)
Thank you so much; I am searching for a nice Prop Trading firm to join so your posts are quite helpful. Happy Friday!
Glad it was helpful! Thank you 😉
I think if 5vers provided index and metal markets would be a clear winner here.
yeah is is a shame they only offer FX 👍
Thanks for this nice overview!
Glad it was helpful!
What is that calculator type device on your table?
Hey that's Magic Keys- A tool I use for risk & trade management. I share more about Magic Keys in this video if you're interested- ruclips.net/video/V4TcXIwy1k0/видео.html 👍
is there a prop firm that deals with crypto or rather futures on crypto (such as Perpetuals)?
love this video. learnt a lot
Thank you, glad you enjoyed it 😉
Thank you so much, lady, for this comparison ftmo new updates up to 90 profit splits
You are so welcome! Yeah they're improving 👍
In MFF if one passes 1st challenge of 8% of 1st month. woulh he/she receive 75% of profit...?
No because you are trading on a demo account for MFF for phase 1 and 2
No but if you pass both the challenge and evaluation, you would receive a refund of what you paid 👍
Thanks emily for the content
You're welcome 😄👍
Good job!
Thank you 🙏
my question is about evaluation program in MFF. If I make (from 10k account) 50% then i have 15k. So is overall drawdown still 12% from initial 10k (6200) or from 15 k (1800 ) ? If first - great :) Sorry for my english
12% of initial capital + total profit you made. In your case, drawdown would be $6200
@@dannguyen9806 thanks!
My question is: how many fail to complete phase 1 and 2? Is the trader's failure ratio a main source of income for those companies? They can give you an account to manage but it doesn't have to be a real account. Who cares as long as they pay you your share of profits of the gains you made from revenue they generate from suckers who are attracted to a challange and fail, right?. Even if you qualify for 'a real account' sooner than later you will make a mistake which will cancel your right to manage a given account so even if you stayed in the game for some time its cost is manageable. To sum up. Isn't it a scam? If it is, does anyone care?
I can see your points... I think that prop firms have their advantages and disadvantages... They require you to take more risk and can be more difficult but for the successful trader they can provide a nice account size to trade. Maybe I should talk more about this in a separate video as you raise some good points 👍
@@MindfullyTrading You are not only cute but enjoyable to listen to and watch.
I like your modesty and the way you present your views and thank you for responding to my message.
PS. I watched your old video where you mentioned your account size and intention to check out your skills with a prop firm. Have you managed to get through and get an account to play with?
Could you please review true forex funds . They seem legit
I will check them out, thanks 👍
make a review for Rapid and Accelerated programme
Minimum trading days for MFF now reduced to 5 days . You missed this part .
Yeah I added a pop up- they recently added this update from October 👍
Wow superb video, another thing when the account will be doubled in mff after making the profit then the daily max loss will be increased also ? If yes the how much?
Topstep is far better from many Prop firms.
I haven't tried Topstep 👍
Made tq ok
All unverified. I've been trading for 10 years. I don't know anyone who has cut a cheque. I know a few who have tried basicially admitted that they have just paid to trade a demo account.
It’s all real. Everyone gets paid. But they piggy back on your account. Once you establish profit cycle, they keep close track on what you doing. And after couple months they add extra zeros on profitable accounts and enjoy. You trading 100g and get paid 80% on what you make, meantime you traded 10mil account without knowing it. So you happy with 10g a month but in reality profits was 100G . And you get only 8G . All they need is few good traders to work them as a horses to pull profits 24/7.
Interesting. Just checked MFF on FPA doesn't look very good at all. Right, I follow this business model now. I just wonder if they will log themselves in to look at your toolset and then try to automate a profitable strategy as well. They're effectively using you a real life neural network but you personally wear the emotional trauma while a great strat will get sold on to an institution or kept inhouse. Anybody know who is funding them?
I have heard this as well but I haven't heard this affecting payments. At the end of the day, it doesn't really matter as long as the company pay you 👍
Didn't you BLOW YOUR PREVIOUS 5%ERS ACCOUNT?
I took a previous challenge with the 5%ers at the beginning of the year which I didn't pass. Since then I joined their free summer challenge and I'm currently taking it slow and steady 😉
Great
Really good video, it's important that beginners know these basis strategies that can assist them with their trade career. It requires a lot, I guess many make losses due to lack of skills to handle their tradings
Most people don't put in pre-work required for profitable trading results and that draws attention to the huge looses of investors.
Hi my friend, I am new in forex trading market. I am trading on mta4 trader plate form. I am trading in euro/ usd. I am new plz gauid me.
Nice rakice okok
Made okok
No brainer really
Since its no brainer there has to be soething behind.... just an advice, mff has ridiculous slippage...meaning, it wont take the stop los cuz of slippage. Disappointed
@@vigankrasniqi1330 your better off just doing it on your own, why pay someone's mortgage.
Can you take a challenge on the 200k account with Mff?
A scammer can do any challenge dude
I am building up to it, currently in a challenge with the 5%ers 😉
The 5ers is the best.
They have great support and resources 👍