It matters a lot Mahn. You can't risk your money blindly just because someone says their system works even if it's for a few hundred bucks. If you don't question the system, that's how you easily get scammed like those crypto scammers promising to ...

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No prop firm is directly A booking any individual traders no matter how long or how good their trading is. The risk is way too much for the small 20% profit split that the firm would make off him every month. Am honestly surprised that only the ...

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I 100% agree with all your points up there. Since this is a relatively new space, there's plenty of room for innovation and improvement. I think what Mastermind can do is put up a list that states those 7/8 firms we highly recommend on page 1 such ...

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Yeah, it was only a matter of time before real brokers got in on this prop firm business due to its Profitability. Should be interesting if one of the big brokers can find a way to enter the space with all the regulatory hurdles they have.

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Sometime this year we had a long discussion on whether these firms need to send some trades through to the live market in order to remain profitable. I guess these stats really put that issue to bed, whether they do or not, they remain profitable. I ...

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Another interesting angle to look at those stats. If we assume only 2% ever make it past both phases on average: MFF says they got about 5,000 new live accounts per month, this is 2% of 250k accounts. If the average cost of those accounts is $400, ...

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I highly doubt the last number but if the first 2 are correct then on average, only 2 to 3 out of every 100 people who buy challenges get to the live account. That really looks like a very profitable business regardless of what those 2 people can ...

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Using an example of 10,000 traders buying the challenges, those stats would look something like this: passed phase 1 . 1000 (10%) passed phase 2 . 240 (24% of traders who pass phase 1) reached 1st payout. 7.2 (3% of traders who pass phase 2) The 1st ...

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These stats are questionable. How do 97% of people who pass phase 2 fail to reach payout? That would be a higher failure rate than for phase 1.

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I agree with you entirely. As Takisd has pointed out, the prop firm space is now very big and with all the data that these firms have now on traders, any new firm that wants to go to the top will have to pull out some masterstroke like when apple ...

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In your opinion, if someone is looking to go outside mff and ftmo, what would be the best 3rd option? I know there's like 5 firms all in the same class II behind the top 2. Am just wondering which would be number 3 for you.

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You can try using a vpn and sigining up with binance to pay with cyrpto. The app is blocked in my country but i use it with a vpn set to the UK to use crypto.

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I only trade s&p and nas and there's fomc on Wednesday which has tended to be bullish for most of this year. But this year due to inflation, seasonality and hence trends have been all over the place. It's been great for short term volatile trades ...

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I love this kind of thinking. If you go for a 2rr risking 4%, 1 account can hit target on 1st trade. The trouble is, once funded, going back to the normal trading style might be another psychological battle.

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Yeah, i left forex for indices last year and ive never regretted the decision. NAS100 and US30 can have nice explosive moves like the sell after NFP today. Let's hope this inflation induced volatility stays around for some more months.

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That's how i trade them as well though i use TOS for my charting. 1 trade between 9'30 and 12 and then 1 trade between 1 and 4pm and then am done.

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All this time i thought trading indices was easier than trading forex. I know trading indices using cfds is different from using futures but besides the leverage, i thought futures traders are on average better than forex traders. Maybe i should go ...

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I think this is the perfect sum up on this thread so far. Clearly these models have been designed to ensure they extract as much as possible from failed challenge fees and these firms will never reveal how much if anything is even copied to live ...

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I hope this is one of the EAs MFF allows if you're copying the trades from one mff account to another.

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I think this is very true and we've already had firms that have blown up and just come up under a different guise. I think it's not very hard to convince some investors to get start up capital for these prop firms. As time goes i think we'll see ...

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