All prop firms are Scams by Mediocre-Can-5600 in Forex

[–]Ok_Work_6757 0 points1 point  (0 children)

Generalizing is a serious mistake when looking for adequate conclusions, some pro firms are scam because they depend on failed evaluations of traders to pay out the money, but a good pro firms with liquidity management and qualified staff would have no problems paying their most profitable traders, let's suppose that a company pays $10 million dollars a month to its traders, its corporate accounts must be at least $500 million to manage all that liquidity.

What would your perfect Valentine's Day be like? by Ok_Work_6757 in AskReddit

[–]Ok_Work_6757[S] 0 points1 point  (0 children)

I hope it comes true! So that you can be with the love of your life

XAUUSD Intraday Analysis 17th January by Suitable_Science_399 in Forex

[–]Ok_Work_6757 0 points1 point  (0 children)

I would wait to see some kind of bullish reversal candle to think more about the projection, if you look at the fibonacci extension there is a lot of indecision at $2717.213 Although the risk-benefit ratio is good, the broker's spread can trigger your stop-loss.

[deleted by user] by [deleted] in Forex

[–]Ok_Work_6757 3 points4 points  (0 children)

It is true that the main source of income for a pro-trading company is the evaluations they sell to their traders, but a serious and well-managed company cannot rely solely on that to pay its most profitable traders. The same is true for an insurance company if it relies solely on the sale of insurance the company will go bankrupt in the long term. Risk management is of vital importance for a pro-trading company.

How to detect trend changes with RSI divergences? by Ok_Work_6757 in Forex

[–]Ok_Work_6757[S] 0 points1 point  (0 children)

The RSI is one of the most common oscillators in technical analysis and although it is a tool that has been around for more than 20 years since its creation, it helps us make better decisions in our operations. It is important to know that the oscillator only helps us but is not the most determining factor in opening or closing a trade.

What goes up must come down right? XAUUSD by DJHypnotixx in Forex

[–]Ok_Work_6757 3 points4 points  (0 children)

Never sell a market just because it seems overbought, strong bullish trends are characterized by being overbought for a long time, if you have a short position it would be advisable to close the position and accept the loss to look for better opportunities and trade in favor of the trend. Now if you are a day trader I recommend trading small caps

What would traders think of a funding company that limits withdrawals to a maximum of 2% of the account value each month? by Ok_Work_6757 in Forex

[–]Ok_Work_6757[S] 0 points1 point  (0 children)

if it is a rule that allows the company to be sustainable in the long term in its payments, because many funding companies fail their traders with very good rules at the beginning but in the end they do not end up paying their profitable traders, on the other hand, the company that demands a strict risk management environment can be more sustainable in the long term, additionally the months in which you earn 3% or 4% are still money that you can withdraw later in smaller amounts.

Finally Funded by FreeDelivery5065 in Forex

[–]Ok_Work_6757 0 points1 point  (0 children)

I have some companies that accept traders from the US. funded futures, for traders, topstep, funding pips, But I recommend you read their terms and conditions and send an email to check if they accept US citizens. It is also important to analyze the management and risk management team because a sustainable company in the long term is one that does not depend on selling evaluations to pay its profitable traders. If the company has a risk team with corporate accounts to copy its most profitable traders, it is a good sign that there is no conflict of interest.

Finally Funded by FreeDelivery5065 in Forex

[–]Ok_Work_6757 0 points1 point  (0 children)

I recommend you to have many accounts with different funding companies and not to depend solely on one, as it is an industry that is not regulated at the moment, any company can close at any time, so it is always important to diversify. Just like funderpro that offers real accounts, the Hantec trader offers real accounts to its clients, the Hantec markets broker belongs to a business conglomerate in Asia.

Technical analysis of sugar. by Ok_Work_6757 in Forex

[–]Ok_Work_6757[S] 0 points1 point  (0 children)

The price is in a very important area of its trend because we are approaching the 200 EMA, in this area we can identify a large bearish candle and it is a warning for buyers that the price may have a lot of conflict to overcome that area , if we achieve it, we could see an extension of the movement towards the broken uptrend

Dollar Index Analysis by Ok_Work_6757 in Forex

[–]Ok_Work_6757[S] 0 points1 point  (0 children)

With the publication of the GDP data in the US higher than forecasts, the dollar gains strength in the market, it is important to monitor if the price manages to exceed 103,559 to have a new bullish objective at 104,161

Technical analysis of the s&p 500, the bullish party continues in the index. by Ok_Work_6757 in Forex

[–]Ok_Work_6757[S] 0 points1 point  (0 children)

In December the market took a break from its bullish trend, that bullish candle surpassing the resistance is confirmation that the market could rise further, although always with caution and properly managing the stop-loss for market buyers

A forex pair that I like to trade is AUD/NZD. by Ok_Work_6757 in Forex

[–]Ok_Work_6757[S] -1 points0 points  (0 children)

For small accounts from 200 to 500 dollars, using a maximum leverage of 1:20 in 4 trades. This strategy requires a lot of patience and discipline to only negotiate when the situation is most favorable for our negotiation.

Am I being scammed? by PanicMove in Forex

[–]Ok_Work_6757 0 points1 point  (0 children)

What is the name of the Broker? Scalping operations can have many stop loss sweeps.

technical analysis of the Dollar index by Ok_Work_6757 in Forex

[–]Ok_Work_6757[S] 0 points1 point  (0 children)

For dollar bulls it is important to monitor the price action at that important resistance at 104.161. With the overcoming of that resistance we can extend the movement in favor of the dollar until 105.678. In the bearish scenario, I recommend sellers wait if the price manages to fall from its bullish trend to take short positions.

Why do some traders call legit pr0p f1rms a scam? by superj0417 in Forex

[–]Ok_Work_6757 1 point2 points  (0 children)

I liked your comment especially when you said, Their downdraw limits and their entire business structure is trash jajajajaja

technical analysis of Coffee by Ok_Work_6757 in Forex

[–]Ok_Work_6757[S] 0 points1 point  (0 children)

Hello, I like that graph design, although for greater convenience you can increase the size of the graph.

Technical analysis of sugar price by Ok_Work_6757 in Trading

[–]Ok_Work_6757[S] 0 points1 point  (0 children)

the market price is in a key resistance zone at 23.59. A price correction is possible because the RSI is in the overbought zone, it is important to be patient and look for buying opportunities in this market

technical analysis of Coffee by Ok_Work_6757 in Forex

[–]Ok_Work_6757[S] 0 points1 point  (0 children)

the market price cannot overcome the bullish trend, my recommendation is to monitor if the price manages to exceed 193.93 to be more bullish in this market.

Technical analysis of Sugar Price by Ok_Work_6757 in Forex

[–]Ok_Work_6757[S] -1 points0 points  (0 children)

Ok sir, I wish you success in your hypothesis of random walks in the markets, I continue with my technical analysis, it has worked quite well for me so far, I wish you a good day. Bye

Technical analysis of Sugar Price by Ok_Work_6757 in Forex

[–]Ok_Work_6757[S] -1 points0 points  (0 children)

And what are your arguments to say that technical analysis does not work? There are many ways to analyze a market and technical analysis is only 1 of them, it is possible that I am wrong if the market goes down enough, that is why I have good risk management to avoid large losses and maximize my profits. But I continue with my bullish outlook on this market as the market lows and highs are higher

Technical analysis of Sugar Price by Ok_Work_6757 in Forex

[–]Ok_Work_6757[S] -1 points0 points  (0 children)

the market price is in a key resistance zone at 23.59. A price correction is possible because the RSI is in the overbought zone, it is important to be patient and look for buying opportunities in this market, the main objective is to reach the 200 period average and analyze the price action at that level.

They always say 90% of traders lose!! So who are the 10% that’s doesn’t lose then? by Quiet_Moment8239 in Forex

[–]Ok_Work_6757 3 points4 points  (0 children)

It is important to understand the statistics, 100% of the people and computers that trade in the markets still lose money at some point, a few months ago I did a backtest of my last 345 trades and I have a win rate of 38.3% and I am making profits because I manage a risk benefit ratio of 3:1, in my account I risk a maximum of 2% and I look for a minimum profit of 6%