Many misunderstanding this. It’s not about blaming or scapegoating a bad strategy onto the prop firms. It’s about being aware of things that could go against you if you’re not aware of them, as many people don’t realise these small things. Awareness is empowerment
FACTS!!!!! They want to stop you out of your trades so you trade more if more people would just wait until after fundamental based price action and market manipulation a lot more people would be profitable…. Oops did I just give out a secret 🤫
if you have already developed the skills necessary to be consistently profitable, why wouldn't you trade a bigger account if it was available to you? If someone wants to pay me big money to exercise my expertise, I'm not leaving money on the table. btw, i'm not talking about these fake "prop firms".
@@RayAntG because you have your own money lmao I come from the stock world so if you ever want to trade with big size you had to grow your account by actually being good and risking your OWN money
@@LifeOfJowl so you're saying a professional trader should settle for their own money even if it's way less than what a firm has to offer? sorry bro, that doesn't make any sense to me. if i have 50k to trade, but i have potential access to 150k from a funding partner, you best believe i'm trading the 150k. on top of that, i can use the profits from that larger account to grow my own account even more. I come from the Futures trading floor my man. My father pretty much raised me there. agree to dsiagree.
I consider the maximum drawdown amount as my capital and risk only 2-3% of it. So that makes the actual risk of 0.2-0.3% of the entire account. As a beginner u must do this !!
This is mostly brokers with demo options secondly while in the act of creating our edge some don't get to know/understand commission/spread/swap till they are live and lastly this will mostly occur to scalpers who fall victim to my first and second reason.
Anytime I hear a trader complain about spreads I immediately know they are scalpers. Not that day traders and swingers aren't affected, but the profitability of a day trader or swing trader cannot be entirely eliminated through spreads. If you were to generate 8% a month, you might end up generating maybe 6% or 7%. It is also one of the main reason I moved away from scalping.
You have no idea how many times I’ll watch my trade get stopped out on FTMO challenge accounts almost 2-3 pips before the price even reaches the stop loss on the MT5 account. I get it’s a business but that’s just bullshit in my opinion especially for scalpers using higher lots. You take the spread, then the commission, then stop me out a few pips before stop loss. Huh!?! 😂
I’ve passed a few challenges and the spreads are the same before and after. The rules are the same before and after. This is all in your head lol You get charged commison on demo as well
Lmao bro if you really need 1:100 then you must have insane profits? Does this leverage affect how profitable you are if it all? You can make money just fine on less than 1:100 leverage.
I always trade 50 lots & 2-3 pip stoploss. Got my 200k funded acct 1.5 months ago & made 15k alongside working full time. Best thing i did was get good at trading!
@@CRC489 SMC brother. Mainly just wait for mitigation of 4hr/15M structure, then a ChoCh with intention, then enter from the OB that created the ChoCh.
Scalper will be in huge pain while enter any Propfirms. but if you are kinda Sniper type which only Shoot 3-5 Transaction with 100 pips every shoot, then you are not problems at all.
@@wordsofrizdom not only tiny drop of losses bro, but big lot followed by massive number of transaction, those scalper will be easy prey for broker commision and sometimes get caught on big news and even swap if they get sleepy and forget to close..
Hello everyone, everything good? I really want to take the test. But I want to know how you pay your income tax. How many percent do you pay in your country and if you pay anything to the government besides Income Tax on the earnings from the proprietary table
most traders struggle with going from demo accounts to live accounts... its not the brokers.. its psychology which is something most traders neglect and then blame almost everything else... this is why so many traders fail to succeed. Its great to be aware of the overheads, trading is not a free get rich quick there are expenses just like every other business but if you forget the mind might as well give it up.
Standard trading is delt over counter, also known as CFD's. No matter what, if youre a retail trader the odds are youre B booked and that means none of your trades actually hit the live market, Theyre technically all 'demo' in live market condidtions
In the case of spread in demo and real accounts, prop firms and brokers are the same😂😂😂. Demo has always a very thin spread and when you get to real, its different
please don''t host any random people, these guys not a traders nor have any verified track records they are just good at markup the charts 🤣🤣 your stuffs not working and now you blame the prop firms ?! 🤣🤣🤣
Question for you is why you not successful, maybe you talk from your own unsatisfied results. And question two is - Nobody will show you track record , because who are you ? - they dont need to show it….
Bro can u pls explain me something. How does that exactly work what u just said? Because I discovered most of them is just paper trading and the propfirm uses your trading data, so what do they do with this and how do they make/lose money with their clients placing positions?
15 lot sizes while only risking $500 is literally like a 2.5 pip stop loss wtf is this guy talking about 😂💀 idk if his math was a mistake or he’s just a mega scalper that trades on the 1 min timeframe 😂💀😂💀😂💀
@@areal4590 assuming you have a $5000 dollars account and you're floating in profit of $200 your equity will be $5200. Now if you would hold this trade overnight your prop firm specifically "MFF" they calculate your daily drawdown based on equity. This is very risky because your risk gets doubled. Assuming you're risking 50$ per trade this means if the market could go against you you'd violate the rules. They would count that 200$ as money that was in your account plus the 50$ that you're risking so it would be a total of 5% in daily drawdown. Do I make sense?😅
Yeah okay... but who is risking 500 dollar on 15 lots? Thats 3.3 pips stop loss. If you put up a 3.3 pip stop loss you deserve it that they open up the spread on you.. professional prey
you actually can I learnt a lot from these guys I can have even 1.5 pips SL with nice RR up to 1:50 up to 1:80 so far there's no such thing as opening up a spread on you, trading during London or new York session the spread is tight even 0.5 pips you can play 2 pip SL but before I place a 3 pip SL I need to factor on the spread don't insult sub 5 pip SL traders it takes real skill to place sub 5 pip SL
@@Kloutkulture imagine you're risking a 1000$ with a 2 pip SL you're taking your trades on M1 or 15s You can play even 50 lots but not on prop firms you can't take 2 pip SL with 50 Lot their slippage and spread is crazy I'll will factor in the spread and I won't take sub 5 pip SL on prop firms never But on my personal account with 0 spread on EU and GU I can even take 1.5 pip SL with 100 Lot
@@sndlegendaryfx nice for you if it works but i would take 1:1 trades with high accuracy any day over trying to snipe 1:50 setups. What is your accuracy in percent trying to shoot 1:50-80?
@@clackonwallstreetCorrect... they are just a bunch of dealing desk Ponzinomics going on. Fail you on purpose to collect fees on them challenges just to pay out to a few.
@@clackonwallstreetthese guys just wish it weren't true😀. When desperate people don't want to open their eyes. It's like they don't know the prop firm real business model
@@wordsofrizdom every forex and cfd broker are manipulating the spread because they can. Thats how they make money. When you win, your broker lose and vice versa. That's a fact that 99% of the wannabe ,18year old, tradingview daytraders dont understand. And that why nobody is making money on the long run in forex and cfd. You dont play against anybody in the world like when you trade futures. You play always against you broker and he will not aloud you to win constantly.
guys trading with small SL it doable I learnt a lot from this guy waqar I can take sub 5 pip SL even 1.5 pip SL if you trade with 1.5 pip SL on a 100k account you'll use big Lot but prop firms have bigger spread and slippages but you can play 5 pip SL what get into me people who can't even take a 10 pip SL they're busy insulting trader who take sub 5 pip SL it take a real skill to take a sub 5 pip SL requires precision
@@chillygangster3497 😆 I'd never place 1.5 SL on a prop firm acc never the spread and slippage Maan it crazy If you're playing with sub 5 SL watch the pair you're trading only EU and GU also the time of the day during London or London new York overlap the spread is tight during that time aspecially EU you can take 2 SL even on prop firm
guys trading with small SL it doable I learnt a lot from this guy waqar I can take sub 5 pip SL even 1.5 pip SL if you trade with 1.5 pip SL on a 100k account you'll use big Lot but prop firms have bigger spread and slippages but you can play 5 pip SL what get into me people who can't even take a 10 pip SL they're busy insulting trader who take sub 5 pip SL it take a real skill to take a sub 5 pip SL requires precision
How about you just factor the spreads and commissions into your risk ? Instead of making trading a conspiracy against you Or better yet. Go trade live funds with a reliable broker
Many misunderstanding this. It’s not about blaming or scapegoating a bad strategy onto the prop firms. It’s about being aware of things that could go against you if you’re not aware of them, as many people don’t realise these small things. Awareness is empowerment
Fr fhis guy is so wrong lol. He should really adapt his mindset, cause this current mindset is a very bad one.
Exactly. It's usually the trader. Not the firm.
bad trader mindset
FACTS!!!!! They want to stop you out of your trades so you trade more if more people would just wait until after fundamental based price action and market manipulation a lot more people would be profitable…. Oops did I just give out a secret 🤫
Exactly. Every strategy, indicator works. It’s all about the mindset and phycology.
Suddenly everybody on twitter and youtube is an expert in prop firms
You can tell the people who took shortcuts and went with cheaper propfirms.
Im confused too😂😂
That’s why you gotta factor in commissions and spreads into the risk you’re putting on the trade. Simple.
This is why you trade your OWN hard earned money not someone elses
if you have already developed the skills necessary to be consistently profitable, why wouldn't you trade a bigger account if it was available to you? If someone wants to pay me big money to exercise my expertise, I'm not leaving money on the table. btw, i'm not talking about these fake "prop firms".
@@RayAntG because you have your own money lmao I come from the stock world so if you ever want to trade with big size you had to grow your account by actually being good and risking your OWN money
@@LifeOfJowl so you're saying a professional trader should settle for their own money even if it's way less than what a firm has to offer? sorry bro, that doesn't make any sense to me. if i have 50k to trade, but i have potential access to 150k from a funding partner, you best believe i'm trading the 150k. on top of that, i can use the profits from that larger account to grow my own account even more. I come from the Futures trading floor my man. My father pretty much raised me there. agree to dsiagree.
Commisions and spreads on a demo account
They should mention specifically it’s about Forex. Can’t alter the book when trading futures.
That’s so true, had to experience it myself. The spread on a funded account is so crazy and sometimes you try close a trade and nothing happens
I consider the maximum drawdown amount as my capital and risk only 2-3% of it.
So that makes the actual risk of 0.2-0.3% of the entire account.
As a beginner u must do this !!
Awesome. Thank you!
Understand Free Capital
What prop firm are you using?
@@onlygameplays6128 I suggest FTMO or Funded Next, but its better to make a research for clear of mind
This is mostly brokers with demo options secondly while in the act of creating our edge some don't get to know/understand commission/spread/swap till they are live and lastly this will mostly occur to scalpers who fall victim to my first and second reason.
Totally fine if you're not a scalper
Indeed the scalpers do face a harsher environments in prop firms
@@wordsofrizdomwhat about your prop firm brother??
@@wordsofrizdomskillfundedtrader?
Good luck avoiding the trailing drawdowns/auto liquidations and hitting the targets in time if you’re not.
@@brandona2491what's trailing draw down
Anytime I hear a trader complain about spreads I immediately know they are scalpers. Not that day traders and swingers aren't affected, but the profitability of a day trader or swing trader cannot be entirely eliminated through spreads. If you were to generate 8% a month, you might end up generating maybe 6% or 7%. It is also one of the main reason I moved away from scalping.
How many pips risk would you consider scalper?
@@anonymousfeed7472same qn cuz my trades are 15-30 pips
+ you're B booked 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
This is true also
You have no idea how many times I’ll watch my trade get stopped out on FTMO challenge accounts almost 2-3 pips before the price even reaches the stop loss on the MT5 account. I get it’s a business but that’s just bullshit in my opinion especially for scalpers using higher lots. You take the spread, then the commission, then stop me out a few pips before stop loss. Huh!?! 😂
This is with most brokers as well except for the change in spreads from demo to live.
Another reason why futures are better than forex
Interesting comment!
Exactly. Every futures trader is trading on the same exchange.
Jep, i rly forgott about this spread Problem 😂 one Tick "spread" on every Symbol if you trade Market Orders and ofc the book has to be full
@user-eo3pf3md3d you can start with a personal account or with a prop firm like Topstep Apex or Elite Trader Funding
@@wordsofrizdom getting more interesting 👀 for US users lol
He called it 😂
MFF
@@clackonwallstreet My Fk Your Funds lol
I’ve passed a few challenges and the spreads are the same before and after. The rules are the same before and after.
This is all in your head lol
You get charged commison on demo as well
Can you tell us which propfirm u traded with then?😂 as far as i know the live accounts ALWAYS have a higher spread compared to the demo
and what size account did u trade with and lots per trade
MFF and FTMO
I highly recommend limit orders so you can get in close to the exact price you want to get in at
Still get slipped on limits with props
@@Gym.Bible.Motivator it's far better than market execution especially when price is moving pretty good that day
if there are spreads, you get in before the price
I noticed the challenge phases have 1:200 leverage but the funded account only has 1:100 with TFT so he's not lying
What propfirm is that offering 1:200 ?
Lmao bro if you really need 1:100 then you must have insane profits? Does this leverage affect how profitable you are if it all? You can make money just fine on less than 1:100 leverage.
@@davidtiller7637let the noobs use high leverage
They lose money = more liquidity for us to win
@@davidtiller7637 yes but 1:100 would be better... especially if you trade the 1 minute timeframe and use tight stop loss
I actually saw this and they mention it on their website. like they are not trying to hide it. U should check it out it’s on their chart
It’s all organized. Choose carefully
I hate commission but it's crucial for broker to provide good conditions
I always trade 50 lots & 2-3 pip stoploss. Got my 200k funded acct 1.5 months ago & made 15k alongside working full time. Best thing i did was get good at trading!
which prop firm are you using homie?
FTMO brother. but Gonna do a 400k Challenge with E8 next week also@@samuelk8915
Can you tell me your strat?
@@CRC489 SMC brother. Mainly just wait for mitigation of 4hr/15M structure, then a ChoCh with intention, then enter from the OB that created the ChoCh.
Lol 50 lots that's allot bro you risking
yep lost my funded account from just fees breaking even . not over leveraging . the spreads were not consistent causing stop loss to hit for no reason
Scalper will be in huge pain while enter any Propfirms. but if you are kinda Sniper type which only Shoot 3-5 Transaction with 100 pips every shoot, then you are not problems at all.
There’s some truth to that, scalpers who aggressively use tiny drop loses but big lot sizes can have issues
@@wordsofrizdom not only tiny drop of losses bro, but big lot followed by massive number of transaction, those scalper will be easy prey for broker commision and sometimes get caught on big news and even swap if they get sleepy and forget to close..
Which one is the best broker
equity edge forever!
Well, i think it is in the prop firm interest that you win on the live account, except they themselves are trading against the trader
Looks like you don't have basic business knowledge young fella... 😅
This is not conspiracy theory
And then Mff happens!!!!
Funding Talent and The Prop Trading been happened too 😂
15 Lots with 5% a day to lose 😂😂
i used 30 lots. You gotta know how to size the position to the stop loss.
It's not a trick, it's called "Live Market Environment".
Limit order all the way !!🎉 i use ... and i allways good result be careful and once you found the one that suits you best "DONT CHANGE"
Please which prop firm do you use?
Just save your money and use it. Prop firms may fail sometimes if you don't know what you're doing.
A few days later.....😂
Sounds like he knew MFF LOL
What's the sound track to this video?
nope. your stoploss is just horrible to your lot size
thats what I was thinking too. people always find a way to blame prop firms
@@jaden0hhSeems like he was right. 😊
@@heroldmutebi8200 if you're referring to MFF. that doesn't make his bs excuse valid. Correct your risk and stop gambling
Not if you trade futures 😊
The pfp 😂
U forgot brokers 😅
That only happens on forex, futures prop firms use legit brokers so, they can't play with your account... Period
Hello everyone, everything good? I really want to take the test. But I want to know how you pay your income tax. How many percent do you pay in your country and if you pay anything to the government besides Income Tax on the earnings from the proprietary table
Rip forex traders 😂😭
It’s like he predicted the future 🤔😅
most traders struggle with going from demo accounts to live accounts... its not the brokers.. its psychology which is something most traders neglect and then blame almost everything else... this is why so many traders fail to succeed.
Its great to be aware of the overheads, trading is not a free get rich quick there are expenses just like every other business but if you forget the mind might as well give it up.
TRUE
This guy hjas the biggest ears I've ever seen
Interesting takeaway
Hmm looks like there is no live accounts now. After this MFF fiasco
didnt realize people actually thought they were getting 200k for 2k
@@ylwfame9658well you're getting nothing for 2k so is that fair?
Standard trading is delt over counter, also known as CFD's. No matter what, if youre a retail trader the odds are youre B booked and that means none of your trades actually hit the live market, Theyre technically all 'demo' in live market condidtions
@@cuppavids Is it possible to get a REAL live account?
In the case of spread in demo and real accounts, prop firms and brokers are the same😂😂😂. Demo has always a very thin spread and when you get to real, its different
FACTS!!!
Limit order😂😂
noticed
BS. The firms would make FAR more MONEY on their 10-20% profit split from consistently profitable traders - month after month.
It’s paper trading. They make nothing off profitable traders.
please don''t host any random people, these guys not a traders nor have any verified track records
they are just good at markup the charts 🤣🤣
your stuffs not working and now you blame the prop firms ?! 🤣🤣🤣
Question for you is why you not successful, maybe you talk from your own unsatisfied results.
And question two is - Nobody will show you track record , because who are you ? - they dont need to show it….
For everyone: TRADE WITH AN A-BOOK BROKER
15 lots? One swing will lead to instant breach
I don't know what going on about the funded account or why people challenging it
Ftmo offers fully simulated demo account
just be a swing trader ^^
Can some one tell him that if in live account you lose its actually a firm that also looses
Bro can u pls explain me something. How does that exactly work what u just said? Because I discovered most of them is just paper trading and the propfirm uses your trading data, so what do they do with this and how do they make/lose money with their clients placing positions?
What live account?
How's pip funder
15 lot sizes while only risking $500 is literally like a 2.5 pip stop loss wtf is this guy talking about 😂💀 idk if his math was a mistake or he’s just a mega scalper that trades on the 1 min timeframe 😂💀😂💀😂💀
Bro relax it's not that deep 😅😅 just apply proper risk management and avoid holding trades overnight ✌️
Prop firms are good ✌️
What has holding trades overnight have to do with this ? Please explain
@@areal4590 assuming you have a $5000 dollars account and you're floating in profit of $200 your equity will be $5200.
Now if you would hold this trade overnight your prop firm specifically "MFF" they calculate your daily drawdown based on equity.
This is very risky because your risk gets doubled.
Assuming you're risking 50$ per trade this means if the market could go against you you'd violate the rules.
They would count that 200$ as money that was in your account plus the 50$ that you're risking so it would be a total of 5% in daily drawdown.
Do I make sense?😅
He’s not saying prop firms are bad he’s just saying some are sneaky with how they change and do things
@@areal4590 he spoke about commission that's why ✌️
@areal4590 roll over. What happens is the asking price (spread widens) hence you could be up 8rr and suddenly you're out
Yeah okay... but who is risking 500 dollar on 15 lots? Thats 3.3 pips stop loss. If you put up a 3.3 pip stop loss you deserve it that they open up the spread on you.. professional prey
Lmaoooooo they think they snipers
you actually can I learnt a lot from these guys I can have even 1.5 pips SL with nice RR up to 1:50 up to 1:80 so far
there's no such thing as opening up a spread on you, trading during London or new York session the spread is tight even 0.5 pips you can play 2 pip SL
but before I place a 3 pip SL I need to factor on the spread don't insult sub 5 pip SL traders it takes real skill to place sub 5 pip SL
@@sndlegendaryfx yea but how much size we talking on these traddes
@@Kloutkulture imagine you're risking a 1000$ with a 2 pip SL you're taking your trades on M1 or 15s
You can play even 50 lots but not on prop firms you can't take 2 pip SL with 50 Lot their slippage and spread is crazy
I'll will factor in the spread and I won't take sub 5 pip SL on prop firms never
But on my personal account with 0 spread on EU and GU I can even take 1.5 pip SL with 100 Lot
@@sndlegendaryfx nice for you if it works but i would take 1:1 trades with high accuracy any day over trying to snipe 1:50 setups. What is your accuracy in percent trying to shoot 1:50-80?
7$ per lot is trash fr
Who is he?
I don't understand
soubds like you are arguing for bad traders that did not study factoring spread for entries and commissions for risk
even if you have the best mindset and psychology, you still will lose to the market. You need unfair advantage to win.. market is just cruel as that
I don’t agree with this guy period
turns out he s right
How about now 😂
who is even dumb enough to trade a thousand lots
😂, talk for yourself and the prop firms u used
What prop firm do you use?
@@luke81st surge trader and ftmo
They all do it. You'll see in time now that MFF has been busted doing it.
@@clackonwallstreetCorrect... they are just a bunch of dealing desk Ponzinomics going on. Fail you on purpose to collect fees on them challenges just to pay out to a few.
@@clackonwallstreetthese guys just wish it weren't true😀. When desperate people don't want to open their eyes. It's like they don't know the prop firm real business model
So dont trade forex or cfd's !! Trade liquid futures like sp500,Oil, Gold, FESX
He’s not saying that slippage or commissions are bad just that some props use these in a manipulated way
@@wordsofrizdom every forex and cfd broker are manipulating the spread because they can. Thats how they make money. When you win, your broker lose and vice versa. That's a fact that 99% of the wannabe ,18year old, tradingview daytraders dont understand. And that why nobody is making money on the long run in forex and cfd. You dont play against anybody in the world like when you trade futures. You play always against you broker and he will not aloud you to win constantly.
😂😂😂he says tricks. Now bro forex is not centralized it’s open to manipulation
Who the fuck trades thousand lots.. thats bad risk management
guys trading with small SL it doable I learnt a lot from this guy waqar I can take sub 5 pip SL even 1.5 pip SL
if you trade with 1.5 pip SL on a 100k account you'll use big Lot but prop firms have bigger spread and slippages but you can play 5 pip SL
what get into me people who can't even take a 10 pip SL they're busy insulting trader who take sub 5 pip SL
it take a real skill to take a sub 5 pip SL requires precision
@@sndlegendaryfx lol 1.5 pip.. you will be stopped out fast thats ridiculous
@@chillygangster3497 wha the hell 1.5 pip 😂😂 is he trading min seconds chart
@@chillygangster3497 😆 I'd never place 1.5 SL on a prop firm acc never the spread and slippage Maan it crazy
If you're playing with sub 5 SL watch the pair you're trading only EU and GU also the time of the day during London or London new York overlap the spread is tight during that time aspecially EU you can take 2 SL even on prop firm
@@sndlegendaryfxYhyh sure dude 😅 this guy is just chatting out his ass
First
Lol. No shit sude
Some propfirms already have commisions in the challange, this guy is just bad
ALL accounts are DEMOS!! 😂 what are you even on.
Why would anybody want MORE rules to the already hell you are going trough 😂
Podcast fell off
Lies
guys trading with small SL it doable I learnt a lot from this guy waqar I can take sub 5 pip SL even 1.5 pip SL
if you trade with 1.5 pip SL on a 100k account you'll use big Lot but prop firms have bigger spread and slippages but you can play 5 pip SL
what get into me people who can't even take a 10 pip SL they're busy insulting trader who take sub 5 pip SL
it take a real skill to take a sub 5 pip SL requires precision
How about you just factor the spreads and commissions into your risk ?
Instead of making trading a conspiracy against you
Or better yet. Go trade live funds with a reliable broker
a 100% winning trader record is encouraged
TFT does not do this
non sense - commissions doesn't make or break a traders performance
He’s not saying that, he’s saying traders being unaware of their risk
He are trading cfd hahahahah
That’s stupid lol I’m sure the prop firms would rather make the 10-20 percent of profit from ur trades
Facts