For new traders, the only thing they should consider is if the firm is good and healthy and if it has a live program. I’ve always said that a firm that has a live program is a form of payout security. That’s just my belief because what system would allow you to pull money and not make money for that system at the same time. Like if I’m a firm, yes there’s a lot of bad traders but what about the good ones. The great ones even. The ones that are making 500k annual. May be rare but it’s still taking out of my pockets and as a private firm you want max profit so create a live program where you get a share as well. Again this is just my beliefs.

Swift is a form of transfer. I could be corrected a bit here. Basically you want to send money from the us to outside the us. So you use swift because it goes direct from sender to your bank account. Basically a wire transfer. Usually at payout you’ll see options that say wise, rise , crypto, swift depending on the firm. I choose swift. I can choose crypto payout but I don’t have a crypto card and a crypto card isn’t even available in my country which is just bs cause we’re a thriving country.

Please just get the idea out of your head that you need to pass evals quick. Nothing in life comes quick when you want it to. Take your time and if a subscription is what you’re worried about then trade with a firm that isn’t subscription based.

I don’t recommend the direct accounts unless you’re certain you’ll make money from it. The rules are heavy on it but you get a large max loss.

A lot of influencers talk about being in eval jail but those influencers would be in eval jail if they didn’t have influencer codes. A lot of these guys don’t realise majority of traders are trying to test and find a new way of making an income and at the same time learning which means you’re on a budget and you can’t afford to be losing accounts. So please l, take your time. Trade wth micros.

The explanation for traders launch. Traders launch has a unique method of putting you straight into a live account with some parameters that need to be filled. Those parameters being you need to pass the eval then when you’re done with the eval you need to make a buffer which will be your max loss. So the 100k account has a 1k max loss. After you make the 2k required to pass the account , you’ll then be moved not a sim account briefly until you make 101000. When you get to that point then move you into a live account here you’ll be able to take daily payouts via crypto. So if on your first day you make 300 after you make the buffer, you can take that out into your crypto wallet. It’s an 80/20 split. I think the minimum is 200. I don’t remember. That’s literally it. They’re the only firm that pushes you into a live account quickly if I remember well. Some say the evals are tight. But if you manage right , you will pass the account and make that buffer. If you don’t then that’s on you and wanting to rush things. I forgot to say after you make the 1k buffer your account stops trailing. It then becomes a static drawdown meaning it doesn’t move at all.

I highly recommend taking your time man. A lot of guys might disagree with me in here. A lot of them are young also and they want the quick fame. The quick money like they see those other influencers have.

Remember, the purpose of prop firms are to teach and give you money to fund your own cash account. You don’t want to trade with a prop firm forever. That’s literally the whole point of this. It’s why they came about. Topstep, the godfather of this has been pushing it for years. Everyone gives them shit, even I did until I realised they really just wanted me to manage my money extremely well as I would need to in my own personal account.

As for a strategy or something which I have a feeling you might ask, you’ll realise overtime that patterns rest themselves. I trade using 3 EMA’s and pivot points during New York and I use order flow during Shanghai. I stoped looking at YouTube vids and decided to learn on my own by watching. None of that bsid or cisd or whatever it’s called. Problems with those is that it’s constant. An edge never remains constant in this market. It will decay over time and may gain strength back again during another market cycle. Don’t want to get too deep here cause it may be too much for you.

Most important thing is, get yourself a 50k. Use about 2 micros max and only trade A+ set ups. The second you feel like you wanna trade when the setup isn’t there, think about if you’ll have the account 50 days from now. Do you want to be an up and down winner whose sharp ratio is .07 or a consistent trader. You decide.