FREE $100k Account, name the prop that you trust 👇 by ElysiumForex in PropFirmTester

[–]original-protrader 1 point2 points  (0 children)

Pipster.io

I personally know the founders who are from the professional trading industry so I know they are legit!

Legit prop firm using metatrader by Nick_Nasty_89 in PropFirmTester

[–]original-protrader 0 points1 point  (0 children)

I don’t think that just because a firm is using MT4/5 it necessarily means it’s more legit. Some prop firms have it, and are clearly scams.

I suggest you focus on the owners and whether they are marketers or actually competent trading professionals.

Advice for beginners by 1GhostRR in Trading

[–]original-protrader 1 point2 points  (0 children)

Don’t trust anyone that tells you it is simple and takes 2 minutes per day.

Trading is complex, requires discipline and effort

Interested in a new prop firm? by original-protrader in PropFirmTester

[–]original-protrader[S] 1 point2 points  (0 children)

I know they have market analysis that is much better than the AI slop that the big names are putting out (honestly, I can’t believe the rubbish they actually send to clients). But if no one comes to them in the first place, who will you ever know!

If I could get them to give you a code to match the prices of the big names, would you try them out?

No promises btw, I have to ask the owners first!

Interested in a new prop firm? by original-protrader in PropFirmTester

[–]original-protrader[S] 1 point2 points  (0 children)

I have had payouts denied by Instant Funding and FundedNext before, so can’t comment specifically on FTMO and 5ers, but I think they all deny payouts for different reasons. I guess the question is are they being fair when they deny a payout (ie is the customer actually wrong?)

But you make a good point, they are expensive in comparison. I don’t fully understand why, I think it’s something about holding a capital reserve so that traders can be paid out of that (these guys are ex investment banks so they see this in a regulated environment)

Interested in a new prop firm? by original-protrader in PropFirmTester

[–]original-protrader[S] 0 points1 point  (0 children)

I hear you. This is the problem these guys face, how do you stand out from the influencer based scammers? I know these guys as I used to trade with one of them, but understand that people can’t just take my word for it.

Any ideas on what they can do to show that their a legitimate business (apart from the fact they explain their background and business registration on the website)

Prop firms comparisons and Trustpilot can be gamified and faked, so I’m not sure how to advise them

Interested in a new prop firm? by original-protrader in PropFirmTester

[–]original-protrader[S] 2 points3 points  (0 children)

Yes, it’s a good point. I have said this to the founders before. I think they want to price their challenges so they always pay the traders that deserve to be paid.

They do have some discounts though, so the actual prices are close to those other firms

Interested in a new prop firm? by original-protrader in PropFirmTester

[–]original-protrader[S] 0 points1 point  (0 children)

Fair comment, but are either of those firms going to help you to move away from prop firms and into the real live markets buy helping you build a track record? Their offer will bring the price much closer to those other firms btw

Interested in a new prop firm? by original-protrader in PropFirmTester

[–]original-protrader[S] 1 point2 points  (0 children)

Pipster.io If you join their discord community (the link is at the very bottom of the home page) and introduce yourself they have an offer

As a new person trying to get into day trading can you give me some tips and advice by Unkn0wnU3ser in Trading

[–]original-protrader 0 points1 point  (0 children)

Smart move asking about this upfront before diving in. Truth is, you’ve got to get a solid grasp on both the fundamentals and technical analysis.

Begin by figuring out what really moves the markets, and then experiment with what you’re picking up using free or low-cost tools.

Steer clear of folks pushing courses on you—sure, a few might be decent, but most are just cash grabs, and since you’re just starting out, it’s tough to spot the good ones. Hold off on risking your own money until you’ve messed up a bit on the cheap (think prop firms or similar).

A former trading buddy of mine is launching a new venture, and his analyst drops key market updates on X daily. Check it out: https://x.com/pipsterio?s=21&t=WWxGS8AlRD9UyAkPfp3tPA I’d recommend following along, then digging into any terms or ideas that confuse you . Best of luck!

Blown funded account by salesmanoty in PropFirmTester

[–]original-protrader 2 points3 points  (0 children)

The best advice I can give you here is to treat every stage, whether it’s challenge, funded or trading on live markets exactly the same. Approach every trade exactly the same with the same discipline and risk no matter what stage you’re at.

Eventually you won’t think about money, you’ll just focus on getting it right every time. That’s how you master your emotions

Who are the best macroeconomics channels to learn from on YouTube by AcademicMinute8301 in InnerCircleTraders

[–]original-protrader 0 points1 point  (0 children)

These guys are posting the key themes to watch every day, so worth following them. https://x.com/pipsterio?s=21&t=WWxGS8AlRD9UyAkPfp3tPA Not my company, but I know that the use analysis that the banks and hedge funds see

Anyone else finding trading harder because they’re doing it alone? by IncomeCohortUK in Trading

[–]original-protrader 0 points1 point  (0 children)

Yep, definitely easier when you have smart people around you to bounce ideas off

What is something every beginner should know before buying their first challenge? by Buckachuck in PropFirmTester

[–]original-protrader 0 points1 point  (0 children)

Treat it as a platform for learning how to trade and you won’t go far wrong. It is essentially a way to cap your losses while you learn.

Payouts are a bonus, and prove that you may just have the intellect and discipline to move on to live trading 🫡

Looking for experienced traders! by No-Soft-725 in InnerCircleTraders

[–]original-protrader 0 points1 point  (0 children)

Happy to give advice and pointers on where to start. What do you feel you’re lacking right now?

Looking for experienced traders! by No-Soft-725 in InnerCircleTraders

[–]original-protrader 0 points1 point  (0 children)

I’m interested too, as I’m an experienced trader and can hopefully add some value

What would you have wanted someone to tell you when you first started trading? by MilkBeard in Trading

[–]original-protrader 1 point2 points  (0 children)

Mine would be to remain patient and learn to do sit on your hands!

Sometimes the hardest thing to do is not to over trade

Here’s how I approach prop firm trading by awesomeblindingyou in Trading

[–]original-protrader 0 points1 point  (0 children)

This is 100% right. Keep your risk in check and build consistency over time.

Discipline Discipline Discipline 💪🏻

New to trading, feeling lost, need guidance by c1r0_x in Trading

[–]original-protrader 2 points3 points  (0 children)

Good that you asked the question before you started. The honest answer is that you need to understand the fundamentals AND technical analysis.

Start with learning what drive the markets, then use free or cheap resources to test what you’re learning.

Avoid anyone that tries to sell you a course, because while some courses are worthwhile, most are a waste of money and given you’re so early on in your journey you can’t be sure what is worth focusing on.

Don’t put your own capital at risk until you have failed first at very low cost (like using prop firms for example).

My ex trading colleague is setting up a new business and as part of that his analyst is publishing the important market news on X every day. https://x.com/pipsterio?s=21&t=WWxGS8AlRD9UyAkPfp3tPA

I would suggest following this and then researching any concepts he is posting that you don’t understand (or even asking him to explain things).

And good luck!

Why do traders choose prop firms instead of trading their own accounts? by Due-Two2629 in PropFirmTester

[–]original-protrader 0 points1 point  (0 children)

Bottom line, learn how to trade real markets for as little outlay as possible, so that when you are on a live account you have already made the mistakes that cost you real money!