I was thinking the same again. Not sure indices are any easier to trade but often when I looked at DAX in the past, the movements looked more smooth/clear to me. I am now trying to day trade GU for the last few years without any consistent success. ...

Cable Update (GBPUSD)

I have to thank. I would like to test this Bionic Candle, but I don't quite understand where I would best start with it. Do you have a tip for me or is there a special video that best explains/summarizes your daily trading activity with EUR/USD? ...

Bionic Forex Algorithms

Thanks for all the videos Michael. Admire your energy and passion for it. Keep up the good work!

Bionic Forex Algorithms

It‘s not the number of buyers/sellers, but rather the size of it. One huge buyer will make price move up compared to many small sellers selling at a smaller size.

Who/What decides the price?

Good point. Do you have some general advice on building a risk management plan when trying to pass a regular challenge account like the one offered by FTMO with a 5% daily and 10% maximal drawdown. I so far always tried risking about 0.3-1% per ...

Prop Firm Hub

Enough of the compliments!

Bionic Forex Algorithms

Thanks for your explanation. I didn’t know MFF disallows EAs, thought it would be okay to use. A lot of basic trade management tools come in the form of an EA. Update: They aren’t generally forbidden. Read: url

Prop Firm Hub

What is „tick scalping“ and why is this forbidden by some?

Prop Firm Hub

Great.

Prop Firm Hub

These allegations of manipulation are grotesque. Why should they need to manipulate things and risk ruining their reputation? In my opinion, these concerns are absolutely unjustified. If there is any manipulation at all, it is certainly not in such ...

Prop Firm Hub

I am from Germany. You pay about 25% in taxes. If you trade with a German/EU based broker it will be automatically paid by the broker so you don’t have to worry about reporting it yourself. I never used a German/EU based broker mainly due to the low ...

Prop Firm Hub

Thanks. Yes it looks like it’s not a good deal. I am still looking around and trying to compare what might be the best option for me.

Prop Firm Hub

Yes. My first thoughts were that you don't have to scale to a final account size (what they call Assured Funding). But i got it wrong. So you can only start from a fixed 5k or 50k account with MFF (depending on the fee you want to pay initially). ...

Prop Firm Hub

MFF sounds interesting to me because of the direct funding model they offer. The profit targets you first have to achieve on all these „challenges“ before you are „qualified“ to get paid are quite high. It looks like they want you to gamble it. I ...

Prop Firm Hub

Thanks. Great, all the best for the future!

Prop Firm Hub

I was just surprised because it says everywhere on the website that there are no minimum trading days. No matter the type of account or state. Anyways. Not that important to me. May I ask how long you've been trading with them? Have you received any ...

Prop Firm Hub

No minimum trading days. I thought it was like that before?

Prop Firm Hub

Well you always have some bad reviews. There are many false claims and half truths by people on the internet. I prefer facts over rumors/opinions, that’s why I asked :-) Anyhow if it‘s true that they ban people for being profitable for no reason ...

Prop Firm Hub

Do you have any evidence that this is actually the case? Banning people because they are profitable would be a red flag to me. I looked at TrustPilot and they have a good rating overall. Can’t see people getting banned because they are just ...

Prop Firm Hub

Yes, right. Thanks for your feedback. :-)

Prop Firm Hub