Why drawdown rules are essential for Prop Traders

drawdown rules

Most Forex prop companies have fairly severe daily and maximum drawdown rules. Even if they are successful traders when trading their own accounts, this results in traders routinely failing challenges. These drawdown rules are in place for a good reason because doing so will demonstrate the readiness to trade significant quantities of money. Fortunately, there […]

MFF My Forex Funds Prop Firm Shutdown: What Happened?

my forex funds shut down

In an unexpected turn of events, My Forex Funds, a well-known prop trading firm, faced an abrupt shutdown. Traders and investors associated with the firm were left bewildered as they received the news that provincial securities regulators in Canada and commodities regulators in the United States had issued orders preventing the firm from trading securities […]

True Forex Funds 2 Step Evaluation Program Analyzed

True Forex Funds

Welcome to the wild, unpredictable world of forex trading—a place where fortunes can be made or lost faster than you can say “pip.” For those who dare to dream big, the allure of trading success is hard to resist. Enter True Forex Funds, with their enticing 2-Phase Evaluation Program, promising a shot at instant funding. […]

Shaq’s Story: A Lesson in Changing the Game of Prop Trading

shaq

At the beginning of his career, Shaq had a $40 million contract with Reebok for 5 years.   One day, a woman started insulting him in every possible way because the shoes were too expensive, and his fans couldn’t afford them.   Initially, Shaq tried to explain that he doesn’t set the prices, but the […]

The ultimate guide to prop trading: everything you need to know

guide to prop trading

Prop trading, as it is commonly known, is the activity of trading financial assets using a company’s own funds rather than those of its clients. Prop trading companies participate in a variety of financial markets, such as stocks, bonds, currencies, and derivatives, using their own money. Successful prop traders have the potential to produce substantial […]

$250 Audition Fee? Unmasking SurgeTrader’s Trading Circus

surgetrader

Ladies and gentlemen, gather ’round as we lift the curtain on the latest spectacle in the world of trading: the SurgeTrader audition! But wait, before you rush to pay that $250 Audition Fee for a simple 25K account, let’s take a closer look at the absurdity that unfolds within this trading circus. The Grand Entrance […]

Target Profit Illusions Exposed: the My Forex Funds Mirage

target profit illusions

In the wacky world of forex, where trading dreams and reality often share a complicated relationship, there’s a new player in town, or rather, a self-proclaimed forex maestro called My Forex Funds. With a 8% profit target in their evaluation phase, things might not be as easy as they seem.So, grab your popcorn as we […]

Benefits and Advantages of Affiliate Program for Prop Trading

affiliate

What can an investor or trader do to boost their income? They  might want to think about signing up for an affiliate program for prop trading. By introducing other traders to proprietary trading businesses, they can earn commissions. These programs also include a number of incentives that can help them develop their trading abilities and […]

The Funded Trader Challenges: A Comedy of Errors

Thumbnail for blog about the funded trader challenges

Ladies and gentlemen, gather around! Today, we are going to delve into the ludicrous world of The Funded Trader challenges. Brace yourselves for a rollercoaster of emotions, from frustration to hilarity, as we explore why buying an account with them might not be the easy solution you think. Fear not, for we have a beacon […]

How does an Affiliate Program work?

how does an affiliate program work

There are various processes involved in becoming an affiliate marketer and earning commissions from OFP affiliate program: How to create great content Providing value to the audience while also advertising the affiliate products is the key to creating outstanding content for affiliate marketing. The following advice can help people produce outstanding content for affiliate marketing: […]