HOW Prop Firms Trick Traders 🤯 #trading #trader

[WaqarAsim.]

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

[Random.Acces.Memoriess]

Suddenly everybody on twitter and youtube is an expert in prop firms

[Jonathan-doqb]

They should mention specifically it’s about Forex. Can’t alter the book when trading futures.

[Nexus_Capitals]

That's why I tell people less is more... Quality over Quantity 💯💯

[RayAntG]

That’s why you gotta factor in commissions and spreads into the risk you’re putting on the trade. Simple.

[corvusglaive]

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.

[transfermy]

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.

[chroniclesofafxtrader]

I hate commission but it's crucial for broker to provide good conditions

[Itsjoecampos]

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!?! 😂

[C_l_e_o_n_a]

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

[NVishuddha]

I highly recommend limit orders so you can get in close to the exact price you want to get in at

[partyfavors]

It’s the same situation when you’re on a paper trading account to where things seems to be easier than usual but once you go live then you’re in trouble because the high expectations of it which I think it’s a false sense of Security. Just make sure you push through it whether it’s live or demo account and grind it out first on a demo for 6 months befor you do any prop.

[backup.player]

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.

[mothusiponoesele]

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

[gilbertteo]

Totally fine if you're not a scalper

[MOTWMB]

Another reason why futures are better than forex

[Ritikagupta]

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 !!

[producerreal]

The key is to trade agressively on the challenge to pass it and then conservatively once funded.

[wagon]

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!

[jjdiaz]

That only happens on forex, futures prop firms use legit brokers so, they can't play with your account... Period