How to become a FULL TIME TRADER (without prop firms)

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Kimmel Trading

Kimmel Trading

Күн бұрын

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DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational and entertainment purposes ONLY. I'm simply documenting my trading journey so that you have the potential to take ideas and inspiration from the videos that may help you within your own journey. But remember, trading/investing of any kind involves risk. Your trading/investments are solely your responsibility.
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#ForexTrading #ForexJourney #ForexTrader

Пікірлер: 261
@Fantomepale
@Fantomepale 8 ай бұрын
Appreciate this message
@user-lo4jo6mh8d
@user-lo4jo6mh8d 8 ай бұрын
Your talk about the beginning of the journey about professionalism changed my mind and my thoughts about it ... thank you
@AnthonysTradingChannel
@AnthonysTradingChannel 8 ай бұрын
Your video was well-presented and engaging, thank you for sharing.
@cripz1436
@cripz1436 8 ай бұрын
Thanks please do make more videos on this topic~
@Princess_pips
@Princess_pips 8 ай бұрын
please make more vids like this , thank you
@moustafaidrissi133
@moustafaidrissi133 8 ай бұрын
Great video. Good example of the gym. The solution is the professionalism. Thanks Kimmel.
@KimmelTrading
@KimmelTrading 8 ай бұрын
100%!
@pramononanang7211
@pramononanang7211 8 ай бұрын
wow...thanks for the advice!!
@KimmelTrading
@KimmelTrading 8 ай бұрын
❤❤
@wallstpsy
@wallstpsy 8 ай бұрын
As always great video bro
@KimmelTrading
@KimmelTrading 8 ай бұрын
🙏🙏🙏
@cabdifataax2587
@cabdifataax2587 8 ай бұрын
Thank you kimmel bro
@KimmelTrading
@KimmelTrading 8 ай бұрын
🙏🙏🙏
@kunalkumar655
@kunalkumar655 8 ай бұрын
Bro that GYM part + Background music was crazy
@KimmelTrading
@KimmelTrading 8 ай бұрын
Haha!
@gangchildreamlinertour1111
@gangchildreamlinertour1111 8 ай бұрын
Right i soppout your advice. 👍
@KimmelTrading
@KimmelTrading 8 ай бұрын
:)
@careerjohnoy3623
@careerjohnoy3623 8 ай бұрын
Watching some of these videos just highlights alot of you youtubers are very new to trading and don't know alot. And have no business telling ppl what to do or how to trade cause yall still learning yourself.
@KimmelTrading
@KimmelTrading 8 ай бұрын
Sure 😂, talk to you in 1 year :)
@careerjohnoy3623
@careerjohnoy3623 8 ай бұрын
@@KimmelTrading lol.. gwan do your thing Kimmel. There is value in alot of your videos man.
@kinglion6197
@kinglion6197 8 ай бұрын
Thats what im trying to do too, iv given myself a duration of 1 year to build a track record in the end the hustle wont be hard investors may come
@KimmelTrading
@KimmelTrading 8 ай бұрын
❤❤
@lostcause5062
@lostcause5062 8 ай бұрын
I have absolutely 0 understanding WHY all of a sudden, you have a bunch of influencers talking about "build a track record & acquire outside funding" like it's so fucking easy to do it, while if you listen to traders that have been in the game for decades - no one has ever mentioned that. Don't let this guy push so much BS about the funding. Yes, technically it's possible but I am willing to bet on the fact that KIMMEL, with the way he is trading - will never acquire any outside capital outside of the "prop" firms. Most profitable traders won't be able to do it.
@KimmelTrading
@KimmelTrading 8 ай бұрын
Hahaha, you're name matches your energy. Talk to me in 1 year, and we'll see who is managing outside capital, and who is still commenting on my videos :)
@lostcause5062
@lostcause5062 8 ай бұрын
@@KimmelTrading it's funny that you think this is hate because it isn't. Watched your MFF video so this video popped on my feed. In those, you were talking about "acquiring investor funds" & that seems to be the common theme in your videos. You position yourself as an influencer & what you say - likely impacts the way other traders view trading, or topics such as acquiring capital. So, when you are presenting something that is FUNDAMENTALLY incorrect/unattainable to many people out there - I call you out on it. From how you're talking about this topic - it sounds like the only due dilligence you've done on the topic is listening to someone elses KZbin video & then just ran away with the idea. The truth is, no serious investor will give you $$$ with a few year track record, especially as a discretionary trader with no coding skills. Unless you can build algos, no ones even going to look your way. That's just the truth. if you have buddies blowing you full ears of the idea of "getting outside capital", at least do your DD & see if any of your advice givers has actually gotten the money. Take care & good luck!
@lostcause5062
@lostcause5062 8 ай бұрын
@@KimmelTrading there's no hate coming from my end, nor that's me throwing shade at how you trade. As long as you can make $$$, you're good. All I'm saying is that serious outside investors won't give money to a discretionary trader with very short track record.
@KimmelTrading
@KimmelTrading 8 ай бұрын
@@lostcause5062 Fair, maybe I understood it the wrong way, and I am sorry for the reaction if that is the case. In terms of outside investors, all the ones I have spoken to would accept discretionary trading if still based on a set of rules. Will be doing one trial soon.
@timbatee7433
@timbatee7433 8 ай бұрын
I'm going to have to side with OP on this one. It's not easy to get someone to invest in you, even with a solid track record. It's not likely to happen if you try to do this solo without an outside middleman company, such as Darwinex. It may be easier as a social media influencer with connections, such as Kimmel, but for people who are unknown, it's an uphill battle.
@FB2T01
@FB2T01 8 ай бұрын
Basically you can not Trade money from other people without a License for it, otherwise it will be illegal on the Legal point of view. This person could sue you every time he wants if you do not have a license to Trade with Third-party capital Funds. Of course there are many kind of regulations, it depends on what Country you exercise your profession..
@KimmelTrading
@KimmelTrading 8 ай бұрын
Technically, you can't. But technically, you can too. Depends onn how you approach it.
@Globiworld2000
@Globiworld2000 3 ай бұрын
Technically you cannot drive without licence and technically you can. That what you promoting here.
@kunalkumar655
@kunalkumar655 8 ай бұрын
hey kimmel will you make one video on how to create track record neat and clean. and how to approach private investor
@KimmelTrading
@KimmelTrading 8 ай бұрын
Yes I will
@borja.sanchez
@borja.sanchez 8 ай бұрын
Would love to see a video about good brokers 💪🏽
@mhforex
@mhforex 8 ай бұрын
IC Markets and Eightcap are the best in my opinion. But make sure to always go for raw spread accounts.
@Sandra_space
@Sandra_space 8 ай бұрын
Great ❤👏
@KimmelTrading
@KimmelTrading 8 ай бұрын
🙏🙏
@habil__mxhd3399
@habil__mxhd3399 8 ай бұрын
Nice brother ❤
@user-sb1jv3vu5k
@user-sb1jv3vu5k 8 ай бұрын
We need more videos like this on future !!
@KimmelTrading
@KimmelTrading 8 ай бұрын
🙏🙏🙏
@nijario9690
@nijario9690 8 ай бұрын
Get a job! And deposit 10% 20% of of your income to your trading account and you'll slowly build a big account
@KimmelTrading
@KimmelTrading 8 ай бұрын
That's another way
@Mahlanzaa2108
@Mahlanzaa2108 8 ай бұрын
No way😂😂😂
@bastianschultz
@bastianschultz 8 ай бұрын
Dear Kimmel your profitable passionate trader Please help those who believe in you. I can be on my journey asap if one guy like you have Trusted me in one second. Only time will reveal my profits but I have. Discipline need one challenge. Your a globally known face of traders who wnat to make it matters to be trying to make a trade like you with less risk can I get a chance. You maybe say they can be trusted also. I want one max challenge I’m ready take me under you let me as protégé be your team the only reason why people still want to be able to play this extreme professional sport. Is to they want to expand❤Kimmel trading
@bonnykariuki7546
@bonnykariuki7546 8 ай бұрын
Misleading advice 😮
@thiagotorricelly
@thiagotorricelly 8 ай бұрын
I think this is the most legal way. Because to invest money of other people and return a percentage in most of the countries needs a license for that. Of course anyone can do, but it’s also illegal without the license
@akashpantha
@akashpantha 8 ай бұрын
🔥
@KimmelTrading
@KimmelTrading 8 ай бұрын
🔥🔥
@Yujiro369
@Yujiro369 8 ай бұрын
🎯
@LukeRosee
@LukeRosee 8 ай бұрын
Can you make a video on what time and price theory is?
@dvsjnthn21
@dvsjnthn21 8 ай бұрын
To be honest this happens once a yr one major firm goes down funding talent the prop trader then mff kinda on schedule
@KimmelTrading
@KimmelTrading 8 ай бұрын
Imagine this being programmed haha. Just once per year, massive Prop goes down haha
@dvsjnthn21
@dvsjnthn21 8 ай бұрын
@KimmelTrading it's all part of the algorithm 😄
@simpletrader6376
@simpletrader6376 8 ай бұрын
What is the profit split with a prívate investors?
@user-pb8kt5bv5f
@user-pb8kt5bv5f 8 ай бұрын
nice
@KimmelTrading
@KimmelTrading 8 ай бұрын
🙏
@tzekaijuan9304
@tzekaijuan9304 8 ай бұрын
Hii Kimmel, great video about the long term mindset for trading. I have a question about prop firm is that can i trade with 4-5 pips stop loss, is it recommended for prop firm acc funded and challenge accounts? Hope i can get an answer from u since i hv no experience trading any prop firm challenges/funded acc.
@Korupshenv1
@Korupshenv1 8 ай бұрын
This MFF situation I think will help a lot of traders. It was a huge wake up call for me. I wasn’t acting as a professional. Now being a professional is the only way to go for me. Thank you for your insights Kimmel!
@KimmelTrading
@KimmelTrading 8 ай бұрын
Same thing here!
@rusyditrader2128
@rusyditrader2128 8 ай бұрын
good bye prop firm, $100 balance i'm coming.......
@KimmelTrading
@KimmelTrading 8 ай бұрын
100$ to a million challenge?
@gingerrambo4777
@gingerrambo4777 8 ай бұрын
Kimmel will you do a mentor course?
@KimmelTrading
@KimmelTrading 8 ай бұрын
Eventually, yes
@leedsfx
@leedsfx 8 ай бұрын
Very informative Kimmel. thank you very much
@KimmelTrading
@KimmelTrading 8 ай бұрын
🙏🙏
@jaywilliams3423
@jaywilliams3423 8 ай бұрын
A quick rundown about me. I first started trading in 2007-2008. This was Forex trading and then in 2013-2014 I learned algorithmic trading and it's only been since this year that I have been profitable in trading. It takes a long time to learn. For some people it might be quicker but learning how to trade takes time. Then learning how to program in trading takes time. All of those things can be taught except for utilizing those things to make money. That's the hardest bit. So Forex takes time. I would advise people to trade algorithmically as opposed to discretionary trading. It's the one and only way you can remove emotions from trading totally. Anybody who thinks they can trade without emotions is delusional as we are humans.
@jaywilliams3423
@jaywilliams3423 8 ай бұрын
CHATGPT: It's clear that you've had a significant journey in the world of trading. It's true that trading can be a long and challenging learning process, and your experience highlights the importance of patience and continuous improvement. Algorithmic trading certainly helps remove emotions from the equation, but it also requires a different set of skills, such as programming and data analysis. Thanks for sharing your insights and advice for others interested in trading!
@jayvinirby5782
@jayvinirby5782 7 ай бұрын
hey bro what's ur discord ?
@ankitr5216
@ankitr5216 8 ай бұрын
Its not about money Its abt the unregulated forex market . What happened with MFF can always happen with the broker
@futuretrunks1027
@futuretrunks1027 8 ай бұрын
Arent futures prop firms like topstep wont face the same problem as cfds firms ??
@capdui
@capdui 8 ай бұрын
Great vid, I'm preraring statistics slides to present to my rich grandparent rn
@KimmelTrading
@KimmelTrading 8 ай бұрын
Hahah!
@beakufx9133
@beakufx9133 8 ай бұрын
World of wisdom wish i could talk to you though
@KimmelTrading
@KimmelTrading 8 ай бұрын
❤❤
@orefiledhlamini
@orefiledhlamini 8 ай бұрын
Kimmel trading shout out man
@KimmelTrading
@KimmelTrading 8 ай бұрын
Thank you
@ragavendraeaswari6671
@ragavendraeaswari6671 8 ай бұрын
Searched on this topic in recent days😢
@KimmelTrading
@KimmelTrading 8 ай бұрын
I'm here! hehe
@bakangbdeep
@bakangbdeep 8 ай бұрын
Tell us more
@KimmelTrading
@KimmelTrading 8 ай бұрын
🙏🙏
@markanthony2216
@markanthony2216 8 ай бұрын
make more video about personal investment 🙏
@KimmelTrading
@KimmelTrading 8 ай бұрын
Will do
@tvpromostrailers4719
@tvpromostrailers4719 8 ай бұрын
Hey man love your content. What’s your opinion on Darwinex?
@KimmelTrading
@KimmelTrading 8 ай бұрын
I'm using them
@tvpromostrailers4719
@tvpromostrailers4719 8 ай бұрын
@@KimmelTrading will you be doing a video on them soon? Also do they accept USA clients ?
@arcoverseas5034
@arcoverseas5034 8 ай бұрын
I’m not buying a single prop challenge from now. Done with scammers shit.
@culo2309
@culo2309 8 ай бұрын
Rafa became a influencer for trading
@kaymous4230
@kaymous4230 8 ай бұрын
❤❤❤
@KimmelTrading
@KimmelTrading 8 ай бұрын
@BK-Trader
@BK-Trader 8 ай бұрын
I appreciate your advice, I have put out close to $10k trying to get funded, and I am still not funded. I wished that I invested that money in my own trading account. You live, you learn! 😪
@stauf09
@stauf09 8 ай бұрын
Ok besides from that, is there any prop firm out there i could trust. It would be sad to have a lot of mff rounding around
@mhforex
@mhforex 8 ай бұрын
FTMO seems to be the least shady but I'd really advise you to go for private investor capital in the long term as any professional trader does.
@hngtrading
@hngtrading 8 ай бұрын
FTMO is good, been around for many years, a lot longer than any other prop firm. Been with them for a long time and never had any issues
@sks99912
@sks99912 8 ай бұрын
If I'm opening a personal account, does it have to be Live? or could I just use a Demo account and still be able to have a verified track record?
@gn6905
@gn6905 8 ай бұрын
If you think you can deliver with same consistency on live plenty will kick the tires with small live capital before ramping up if you prove the proof concept
@sks99912
@sks99912 8 ай бұрын
@@gn6905 I didn’t understand? I’ve got a consistently profitable system. Im asking this: will private investors accept me getting results on a demo account or should I prove my skills on a live account? Because they might take into consideration that it’s “fake money” and the demo environment might be different to the live environment.
@sks99912
@sks99912 8 ай бұрын
@@gn6905 to make it easier for my trade copier, I was thinking of using a 100k demo account, since most of my funded accounts are 100k but I don’t know if I should instead open like a $100 live account and tell the trade copier to automatically adjust the lot size. IDK
@hngtrading
@hngtrading 8 ай бұрын
Should be a live account in my opinion and the bigger the better
@thibevanesch1338
@thibevanesch1338 8 ай бұрын
Did you view the 45ers? This is imo the only prop firm that wants his traders to succeed.. Maybe you can make a video about them? 😁
@dagmawisileshi5883
@dagmawisileshi5883 8 ай бұрын
What do you mean if we are lucky if they still around do you think they wont be here for long
@KimmelTrading
@KimmelTrading 8 ай бұрын
I don't know
@vijaykrishna7228
@vijaykrishna7228 8 ай бұрын
idk why you have mentioned prop frims in your discription ?
@KimmelTrading
@KimmelTrading 8 ай бұрын
I still use them
@kurosaki0001000
@kurosaki0001000 8 ай бұрын
Do you not have to become accredited to legally invest other people money where your from?
@KimmelTrading
@KimmelTrading 8 ай бұрын
Depends on the route you are taking. In some, yes, in others, no. In the ones you don't, you're normally not "managing other people's money"
@bluecavemen
@bluecavemen 8 ай бұрын
I'm bad with math but in the very beginning i was told to save 1k. Trade from that 1k. Try working on making 2k remember to use 1% per trade or put 0.5 on one trade and another 0.5. Whatever works for you as long as it is not above 2%. Do only one trade a day. Once I make 3k from the 1k. Take out 1k for yourself and keep the 2k to continue your trade. And so on just to keep it stupid simple. From your broker. Open two accounts each week you trade on from the other so you get paid yourself without the long wait. Plus you don't blow your account on that one account. If you ever lose your discipline
@0500MUSIC
@0500MUSIC 8 ай бұрын
Risking $10 a day it would take you an awfully long time to make 3k😂
@bluecavemen
@bluecavemen 8 ай бұрын
@@0500MUSIC $10?
@takudzwadube7870
@takudzwadube7870 8 ай бұрын
hello would you please give some new updates on mff case on your innsta, youtube timeline. its 11 September today anx man
@gn6905
@gn6905 8 ай бұрын
Lol, u can get private capital for a hedge fund even w/ a sim track It's the network. Don't underestimate the affability/trust factor. And stick w/ exchange traded mkts & instruments (equities, futures, options) FX is a red headed stepchild, generally faces a lot of pushback getting lotta flack
@s1kor
@s1kor 8 ай бұрын
👍
@paulmoore2575
@paulmoore2575 8 ай бұрын
I have 5 accounts with 500 each in them i just copy my trades from my main account and gets copied to my other accounts for example i make 20 on my main account using very small risk on a daily basis and that is 100 across my accounts in total. ive been doing this for 3 years straight
@HarvysHotDeals
@HarvysHotDeals 8 ай бұрын
nice. All FX ? which brokers do you use please and which copy trading software ?
@paulmoore2575
@paulmoore2575 8 ай бұрын
I trade fx gold and indices
@FRIENDLYHEART1
@FRIENDLYHEART1 8 ай бұрын
how to find private equity?
@timbatee7433
@timbatee7433 8 ай бұрын
Make rich friends
@mrunabor8274
@mrunabor8274 8 ай бұрын
Hello sir I am actively using $100 tracking it for the past 2months now I wanted to ask is the money too small to show am investor?
@KimmelTrading
@KimmelTrading 8 ай бұрын
Normally the amount of money you have in the account is not a big issue, as they just want to see consistency, and then they will test you
@gn6905
@gn6905 8 ай бұрын
Multiply it to 4-5 figs first
@pardonjoshua7351
@pardonjoshua7351 8 ай бұрын
Oh second 😅
@KimmelTrading
@KimmelTrading 8 ай бұрын
Third?
@bhagatsingh2046
@bhagatsingh2046 8 ай бұрын
Lol that Another option for Gym 😂 Nice one broda ✌ Enjoy the video-Keep up the good work
@KimmelTrading
@KimmelTrading 8 ай бұрын
Thank you haha!
@stevantunic511
@stevantunic511 8 ай бұрын
You don't need to sit in front of a screen all day looking at charts, most of your trading can be done on a phone so you should be working full time. You can put money from your job/jobs and trading business into investments and rental properties. This will give you multiple sources of income independent of each other. real fu money.
@mhforex
@mhforex 8 ай бұрын
No professional trader will be trading from their phone though. That's simply a lie told by trading gurus on social media.
@minamulhaq
@minamulhaq 8 ай бұрын
Question: Where to show them my record? How much account they'll take serious like if I'm making 10% a month on 1k account will it work?
@KimmelTrading
@KimmelTrading 8 ай бұрын
They don't care a lot about the amount that is in the account, but more so the returns and drawdown you have. In terms of showing the track record, that is done through the account statements and maybe a 3rd party software.
@minamulhaq
@minamulhaq 8 ай бұрын
thank you for guidance@@KimmelTrading please make a series of each step for us🙏🏻🙏🏻
@giorgidurgarian161
@giorgidurgarian161 8 ай бұрын
@@KimmelTrading I have spoken and personally know not one and not to Fund Managers and Fund owners and actually it is not the whole truth what are you speaking about ))) There has been many many ocassions where a person is profitable on a small account but once he or she receives a large capital it is the time when the nerves and psychology starts to work as majority of this traders just become stressed trading a big lot sizes as it is just another level of the game for which majority of these traders just are not ready as this requires many different skills in addition )))
@KimmelTrading
@KimmelTrading 8 ай бұрын
@@giorgidurgarian161 that's why they put you through a trial period
@giorgidurgarian161
@giorgidurgarian161 8 ай бұрын
@@KimmelTrading Yeah that is the case, it is a must rule for every fund at least for sure
@anguschristiansen
@anguschristiansen 8 ай бұрын
This is a great message to all traders
@KimmelTrading
@KimmelTrading 8 ай бұрын
@user-rp5fy5wl7f
@user-rp5fy5wl7f 8 ай бұрын
I watched all your videos on the channel and this video is the best. I hope that in the next video you will publish your yearly record and yearly performence for us to see
@mokijr1099
@mokijr1099 8 ай бұрын
If you think you can attract Institutional investors to give you millions of dollars with a good track record of a small account, you should wake up from that dream 😂. Institutional or serious investors invest only to Good perfoming licenced funds that already have Millions if not billions to manage. Their only two options For majority of retail traders! Grow your own small capital or propfirms thats it.
@ChristianHada
@ChristianHada 8 ай бұрын
When trading with a investors money. Don’t you need to be licensed? Or is it literally just sharing an account with them?
@gn6905
@gn6905 8 ай бұрын
Varies by domicile/jurisdiction/compliance, legal & regulatory governance. SMAs vs commingled pools (hedge fund w/ LPs and a GP)
@DaddychiLL6
@DaddychiLL6 8 ай бұрын
😂😂😂 tradingillins of dallors will be insane on some limitless shit lol rather trade my own capital then private cap but them payouts do be insane
@Wavetheory85
@Wavetheory85 8 ай бұрын
Just like what regulators did with poker. We have seen this before.
@NishantSharma-tr6xl
@NishantSharma-tr6xl 8 ай бұрын
Kimmel bro flexing 😏
@KimmelTrading
@KimmelTrading 8 ай бұрын
Hahha, need to start getting a bicep pump before every video
@ricardoribeiro265
@ricardoribeiro265 8 ай бұрын
Oi Kimmel! És português??
@Globiworld2000
@Globiworld2000 3 ай бұрын
Managing private money in UK ( perhapsEU) without licence and you are asking yourself for serious problems
@lakinduamavin7683
@lakinduamavin7683 8 ай бұрын
hey thnx man for doing great job , can you make vid about best way to make a track record (like a website?) and how to attract privet investers (is there any website or)
@KimmelTrading
@KimmelTrading 8 ай бұрын
Will do :)
@eraxie7329
@eraxie7329 8 ай бұрын
Not sure if you are the one I watched commenting on those who failed their MFF challenge or lost their funded accounts blaming the slippage and commission, etc. Saying stop blaming prop firms blah blah.... It turns out they have the reason to blame MFF or other prop firms after all.
@madinabanu2245
@madinabanu2245 8 ай бұрын
Then y u r discription link prop firms bro
@KimmelTrading
@KimmelTrading 8 ай бұрын
Because they are still a good opportunity, and I still use them
@madinabanu2245
@madinabanu2245 8 ай бұрын
👍👍
@madinabanu2245
@madinabanu2245 8 ай бұрын
After 11th any good news mff ? Bro
@mhforex
@mhforex 8 ай бұрын
@@madinabanu2245 MFF is gone, there's enough evidence to put the ceo behind bars. But don't give up bro, there's many other good prop firms and there's also private investor capital.
@franciscahenri4230
@franciscahenri4230 8 ай бұрын
Truth is all props are the same .. let’s stop promoting any loss ..
@KimmelTrading
@KimmelTrading 8 ай бұрын
Then maybe we should just stop talking about trading :)
@Tuan19722
@Tuan19722 8 ай бұрын
New information mff
@simonlefebvre9964
@simonlefebvre9964 8 ай бұрын
But in a lot of country to manage funds from someone else you need a permit. Here in Canada you need around 5 years to get it from the start of university.
@KimmelTrading
@KimmelTrading 8 ай бұрын
Yes, but there are ways to go about it where you won't need the course. I'm being offered those ways as we speak.
@Abdul-Amburadul
@Abdul-Amburadul 8 ай бұрын
@@KimmelTradingMFF?
@simonlefebvre9964
@simonlefebvre9964 8 ай бұрын
Good thing to know! I didn't know about it... How?@@KimmelTrading
@alikev4161
@alikev4161 8 ай бұрын
At this stage ftmo and 5% re the safest ways to go, then putting ur profits in a personal account
@NeilAC78
@NeilAC78 8 ай бұрын
FTMO is the old mode with clear conflict of interest between trader / prop firm. That model will die eventually. FTMO might last a bit longer than the others.
@demc9717
@demc9717 8 ай бұрын
@@NeilAC78 what “old model” do FTMO have. They only problem they HAD was the time limit and slightly higher prices.
@CaramelExpress
@CaramelExpress 8 ай бұрын
@@NeilAC78i will say that FTMO has pretty fair conditions. Filled fast, no extreme spread spikes and I’ve made good money from them. I like them.
@NeilAC78
@NeilAC78 8 ай бұрын
@@demc9717 FTMO used to back traders in the early days. If you passed phase 1 and 2 you could pick your broker and they would fund the account. Now it is totally PVP. You get paid primarily from the proceeds of failures and their business model is is to ensure as many traders fail as possible.
@user-hw7um8eq2m
@user-hw7um8eq2m 8 ай бұрын
​@@demc9717FTMO doesn't give you real capital only few prop firms do
@maniv2119
@maniv2119 8 ай бұрын
Did you move to a new place?
@KimmelTrading
@KimmelTrading 8 ай бұрын
I'm currently 1 month abroad
@azizkaita6800
@azizkaita6800 8 ай бұрын
The end of mff doesnt mean the end of propfirms
@KimmelTrading
@KimmelTrading 8 ай бұрын
I agree
@tonyrayfx6055
@tonyrayfx6055 8 ай бұрын
But the other prop firm will continue to do what MFF did slip you to hell it’s part of the business model
@jantarai362
@jantarai362 8 ай бұрын
MFF lesson is good for us eye opening.never take nagitve it's good be positive always
@KimmelTrading
@KimmelTrading 8 ай бұрын
100%!
@ElCodigo96
@ElCodigo96 8 ай бұрын
My advice to any of you guys get a payout and start your own account hold trades for a month or a week starts earning also get into stocks dividends for passive income were you wouldn’t have to work in the future 😂think smart , work less , let the money you’ve accumulated do the work for you simple is that enjoy life.
@101dadada
@101dadada 8 ай бұрын
Do you recommend a risk management that is fixed TP or SL only? Like for example a fixed 1:2 RR every trade or setting BE and partials is a must?
@KimmelTrading
@KimmelTrading 8 ай бұрын
Depends on the individual
@vestraduke1411
@vestraduke1411 8 ай бұрын
You should have a set of rules from your backtesting
@jaycalvin3783
@jaycalvin3783 8 ай бұрын
@@vestraduke1411Exactly.. Like Kimmel says it’s different for every individual.
@hngtrading
@hngtrading 8 ай бұрын
I would recommend trading with a fixed RR, back when I started it really helped me because it's simple and discretionless / mechanical. Not saying it's not possible to have success with anything else but most other traders I know also target a fixed RR and agree with me. I would generally say BE and partials are not needed with low RR strategies like 1:2RR but that depends on your trading style
@jaycalvin3783
@jaycalvin3783 8 ай бұрын
@@hngtrading Great response! And I totally agree with you, I myself do a fixed RR for that reason. Making it mechanical to make my backtests 100% accurate.
@tonyrayfx6055
@tonyrayfx6055 8 ай бұрын
These prop firms are all in the same business they slip you to hell 😂 and there’s nothing you can do about it
@jourdan9504
@jourdan9504 8 ай бұрын
There is no good brokers in the USA. Prop firms are the best and maybe only way for us because they could use brokers outside of America
@KimmelTrading
@KimmelTrading 8 ай бұрын
But they have increased risk. I do think they are a good opportunity nonetheless
@martianlordforex9386
@martianlordforex9386 8 ай бұрын
Kimmel your advice is great and all but how do you expect people who fail challenges over and over to manage other people's money ? You'll get them charged with fraud
@mhforex
@mhforex 8 ай бұрын
The people who fail challenges over and over again won't get to manage other people's money as they don't have a clean track record. They'll need to quit gambling, get consistently profitable, build a track record and only then will they be able to get investor capital.
@hngtrading
@hngtrading 8 ай бұрын
They wouldn't even get to the point of managing other people's money without a solid track record so nothing to worry about, it's not like everybody who wants private capital gets it
@ElectroCrunkKidz
@ElectroCrunkKidz 8 ай бұрын
Become consistently consistent is the name of the game! Learn the skill and live for the thrill!
@KimmelTrading
@KimmelTrading 8 ай бұрын
100%!🙏
@danieljamesfarquharson8421
@danieljamesfarquharson8421 8 ай бұрын
I think people should also get back into the education system if possible. Get a qualification and get a job. Don’t stop improving yourself. Develop new skills aside from trading. Become attractive in other industries. It will help you in the long run.
@KimmelTrading
@KimmelTrading 8 ай бұрын
I agree
@Donny_beyyy
@Donny_beyyy 8 ай бұрын
You have impressed me very much lately my G! Good effort with everything you do
@KimmelTrading
@KimmelTrading 8 ай бұрын
🙏🙏🙏
@RyanTradesFutures
@RyanTradesFutures 8 ай бұрын
Kimmel, have you been getting in touch with private investors? What are the common routes traders can take (as in an ACTUAL prop firm or individual investors)? Would love to see you interview one. I would want to know what specific stats they look for in a trader's track record to take them on. What are common profit splits and risk structures they accept? For example, I've heard of traders having close to 50-50 profit split if the investor is putting up the trading capital and risk OR close to 80-20 split if the trader take the upfront risk; for example the investor puts in 450k and the trader puts in 50k but any draw down will first be taken out of the trader's 50k first. Thank you for this shift towards professionalism. I really do appreciate your videos as it's a road I want to take as well
@KimmelTrading
@KimmelTrading 8 ай бұрын
This is actually a really good idea!! I've been approached recently (even before this whole fiasco) to be put on a trial for private investment. So we shall see haha. But good idea on the video! I'll try to get something going
@gn6905
@gn6905 8 ай бұрын
I run a small hedge fund startup - there are no cookie cutter strats. All investor types are of diff caliber, from sophisticated in title only to actual seasoned vets who'll give you a rectal exam before allocating a cent. Diff terms/conditions from each, target ines you think have pull with on your level. Family offixes, HNWIs in the sub-institutional sub $100M tier
@cubeanalytics0
@cubeanalytics0 8 ай бұрын
I see this may could go different, prop firm will still going be around its a profitable business thats fact, they will find a way to regulate them and be under the eyes of SEC and CFTC. To be a portifolio manager theres a lot of more path its not easy like that to get capital from private investors, funds etc. Its not for everyone this path, You need bunch of certificates. I prefer to make much as possible in prop firms and use my own capital to trade.
@giorgidurgarian161
@giorgidurgarian161 8 ай бұрын
That is the decieving thing that many people will now start to think that they could get money from private investor or a fund but the reality would still be the same : no more than 5% would be able to do it and i think even less ))))))
@KimmelTrading
@KimmelTrading 8 ай бұрын
You don't need a bunch of certificates. You do depending on the route you take. But it's more accessible than people think.
@Peanuttheebengal
@Peanuttheebengal 8 ай бұрын
Think of it like this, if you're good enough to pass a test, if you put in £10,000 into a personal account and hit that 10% then compound it for 2 years you're at £100,000 to break it down, after another 2 years you're at nearly 1 million if you really look at long term and you can trade, the asset is the skill set.
@effaforkuorichmond9934
@effaforkuorichmond9934 8 ай бұрын
That's true. I agree. But if you could start with a 10k deposit, then you may not even need a Prop Firm in the first place. 10k is same as 100k in Prop Capital.
@babybambi8389
@babybambi8389 8 ай бұрын
This is a type of video I was looking for months. Particularly when I realised that when "they" say 100k account challenge, but it wasnt really 100k.
@KimmelTrading
@KimmelTrading 8 ай бұрын
But that is everywhere. You'll be managing 10M but will also only have 2% drawdown limit.
@denniskapungwe
@denniskapungwe 8 ай бұрын
True that. When one door is closed, another one is open.😊
@KimmelTrading
@KimmelTrading 8 ай бұрын
100%
@pardonjoshua7351
@pardonjoshua7351 8 ай бұрын
First comment
@KimmelTrading
@KimmelTrading 8 ай бұрын
First sub
@bolcobaba
@bolcobaba 8 ай бұрын
This person is little nut 😂
@reuben3077
@reuben3077 8 ай бұрын
I believe all these pro firms are scamming hard af They control the virtual trading environment and reality can be whatever they want 😂
@jay-lr1hw
@jay-lr1hw 8 ай бұрын
Guy clearly using baby weights 😂.
@KimmelTrading
@KimmelTrading 8 ай бұрын
I'm working towards 2 chairs 😂.
@saiyen4990
@saiyen4990 8 ай бұрын
Kimmel, I see that you have more and more interesting ideas for videos :D You made me laugh with this home-gym training :)
@KimmelTrading
@KimmelTrading 8 ай бұрын
Haha, it's a good correlation 🙏
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