The TRUTH about Forex Funding Programs.
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Thanks nick
In two weeks in my demo from 10k to 25k I don't know if am good and should start trading
Thanks Nick. I was planning on enrolling to be funded trader. Good thing i watched this video. I think i should hone my trading skill first.
demo demo demo demo demo demo. practice on tradingview's paper account. i still am.
read the small print of FTMO. The 'funded accounts' are just demo accounts!! not real money
What happened if u blow up this account? Are they going to pursue you?
debbie downer!som people have made it fast!it doesnt have to take a year! skill is what matters.
Forex funding programs are scams
Great video Nick , key take away be consistently profitable for over a year .
great video Nick. the whole damned planet is watching; at least those trying to make it as traders. good job.
Hey Nick do you know how realistic or how close to the real money accounts the demo accounts are? And if these prop firms give successful traders real money accounts with
live data feeds?
I once flipped a 100k demo account in about 3 weeks
TRUE
bro, just do a THOROUGH backtest and forward test on ur strategy and have good money management and you will be fine going after a prop firm challenge
by all means one should avoid all prop firm who provide >30 times leverage.
one should use only under 30 leverage account accounts as a training tool and if you have gambling or addiction to trading.
if anyone has successful strategy or plan or rational mind they will make money in their own accounts .
Trading is gambling and on higher leverage accounts you will loose lot of money in this scenario if we use prop firms still you gamble instead of loosing a lot you loose a bit less
thankyou. you have just saved my life
Hey Nick, I appreciate your videos a lot. I'm a new trader and it's difficult to filter out all the noise and youtubers that make videos for the sole purpose of promoting their course, not to help the beginner trader. Your videos give me the opportunity to analyse both perspectives and come to a reasonable conclusion on my own. Your transperency and honesty truly means a lot in a community that can be, (for a lack of a better word) greedy.
Become a profitable trader before taking these funded challenges and be comfortable with the fact you can lose your deposit without refund if you fail. Simple as that..
Maybe not a week but guys…you don't have to wait until your profitable for a have a whole year to take the challenge. I say trade with a DEMO account for 30-60 days and if you're profitable by then then go for the challenge. I hear what nick is saying but not everyone has the financial comfortability to practice for a whole year ESPECIALLY if they're trying to create a full time revenue from trading
very happy I was able to withdraw my
benefits back from scammers, to me it's a big
win and victory which I was assisted and
guided by Zictools
very happy I was able to withdraw my
benefits back from scammers, to me it's a big
win and victory which I was assisted and
guided by Zictools
The main problem is not the traders not having experience. The problem is bigger. These so called prop firms offer a 100,000$ account with a drawdown limit of say, 25,000$. If your equity / balance falls below 75,000$, you're down and out. So, in reality, you have a 25,000$ account and NOT a 100,000$. Common sense. What is the use of 100,000$ balance appearing in your account when your account is terminated at 25,000$ drawdown.
theres no difference between a “100k” funded account and my 10k account with 1:1000 leverage
These “100k” funded accounts are nothing but 10k accounts.
Your first profit, recovers your investment
I like
Agree with you Nick
Video should be called
Truth About Beginner Traders.
The Prop firms are doing absolutely nothing wrong. It's the ppl who are unprepared for what they're getting into…that's the problem.
Thank u for this information
The fact is that most firms do not have real investment to offer rather they act like ponzi. So as long as their subscriptions are being sold and people are failing, they are good to go. The5ers seems an exception to the rest.
The truth is prop firms rob failed traders to pay the successful traders. This is true for most of the firms that have tricky rules and trap traders to fail.
I got banned from the whole platform after making 30% profit on a 400k funded FTMO now I can’t check account metrix or anything… 2 weeks emailing ftmo support they ignoring me
EXCELLENT ADVICE. Challenge yourself by trading a small amount of real money for at least a year before you let someone else challenge you. I would also add that you should plug in the prop firm's challenge rules into your successful trading record and ask yourself if your trading style is compatible with the challenge.
I passed the funding program, but in the best one, and after being profitable