Is It Better to Trade with a Prop Firm or Trade Your Own Money?

[@user-ok8tm8cu3i]

Andrew Lockwood explains why trading Forex using the Prop Firm Funded account is no different than trading your own money when it comes to the emotional challenge. If you want to become a successful funded trader this is a must-watch video.

[@kelvincarrion8098]

I agree, your emotions should be in place. Managing your personal account should be no difference as managing a prop account in terminal of risk managing. But of the trader dont have the power of equity could give you, is better to put an effort passing an evaluation to manage a larger capital than the one we can put on broker platform. And be aware of ponzi schems as you say, been there!

[@YoSepher]

I like that mentality, no one trade should make you, no one trade should break you. I just started implementing that in my trading and my consistency is trending up. I'm looking forward to staying consistent with that mentality.

[@mariahkamogelomoloisane6276]

I wrote it down on my rules book

[@chieduegwim8728]

No one trade should make you, and no one trade should break you... very correct, but to abide by it, not as easy as it sounds

[@user-ok8tm8cu3i]

if it was easy everyone will be a millionaire!

[@KingNature-mo6qy]

for me going with prop firm is cool...and am currently trading with liquidmarket offering both MT4/5 at the moment

[@user-ok8tm8cu3i]

Great! Thanks for sharing

[@LeanTrader]

Great explanation of the prop industry Andrew...its fascinating how much opportunity is available to retail traders now...but people must be careful choosing prop companies!!

[@user-ok8tm8cu3i]

My number 1 fan

[@Dontbejesselivermore]

Am I the only one thinking that the biggest reason professional traders win more is because they have a risk manager that taps them on the shoulder and gets them out of trading before they blow up themselves? Wish these on line prop firms can do the same thing. Sadly, most of them are taking off the daily loss limit because they are realizing the gamblers who blow accounts up keep coming back to pay them more for the evaluations and activation fees

[@Edmund-King]

Interesting, clearly expressed, overview of the pros vs the cons of trading prop funded capital. I agree, the trader's psychology, sound discipline, great risk management, are among the most important aspects when trading any capital, however.

[@manqobakhumalo143]

We need to grow this channel

[@Dovey14]

Exactly correct, emotional trading has made me loose a lot of trades. Even though I'm using money that I can loose. Like when I go to Vegas. I take a predetermined amount of money with me. If I returned home with out it, it wouldn't effect the way I live!. But while I'm in Vegas at the tables. I get emotional over loosing money! I need to get better at that!

[@Eli-zg3tj]

I'm a funded trader but my goal is to make a decent amount to eventually trade with on a personal account for several reasons one being I prefer spread betting for the tax-free advantage it offers Vs having to pay taxes as a funded trader and being generally free to set my own rules.

[@user-ok8tm8cu3i]

Goodluck!

[@OnSeMarreBien]

Which brooker do you use ?

[@samricher]

Who said you have to pay taxes as a funded trader? Open an company and let the payout get deposited to your business. Pay yourself 10-20%

[@BMWE-hm7uz]

​@samricher still have to pay corporation tax on it. Most brokers pay out in crypto nowadays... not taxable

[@PM-zh5ef]

thanks Andrew

[@mariahkamogelomoloisane6276]

If i want to buy a Prop Firm account what are the main condition that i must pay attention to before i deposit my money.

[@baz914]

Hi Andrew, can you do a video explaining what's in your course (if that's what you offer) please? Thanks 👍

[@user-ok8tm8cu3i]

Sure thing!

[@baz914]

@@user-ok8tm8cu3i Thank you 👍

[@lacymunday553]

Can you do a video on how to manage the risk while doing one of these challenges/assessments?

[@blumenkraft23]

His company has gone out of business and he has disappeared without trace. All paying customers have lost their money.

[@kevinlaffey9310]

Some wise words in this video.

[@user-ok8tm8cu3i]

Thank you for support and kind words!

[@bilgehantirpanci]

thank you always 😇

[@gn6905]

what's the true math behind stated acct equity and actual acct size when considering drawdown, max contract size, leverage, etc? It's not like prop firms are giving out $25k, $50k, $75k, $100k, $250k, etc on a whim. One's essentially paying for access to levered capital w/ acct size equal to margin allowable to carry those contracts

[@user-ok8tm8cu3i]

fancy a shot? check out our assessments. Great for those that can trade but dont have capital

[@Jeff-y8s]

excellent advice

[@user-ok8tm8cu3i]

Glad it was helpful!

[@syntiusedwards5499]

Can US traders use city traders prop firm

[@samrasoli]

useful, thanks

[@user-ok8tm8cu3i]

Glad it was helpful!

[@jonathanlee5185]

Thanks 👍

[@user-ok8tm8cu3i]

Welcome 👍

[@benjag59]

If u make 5% per month, just put your money on some index and you will get slightly less results but much more time

[@user-ok8tm8cu3i]

true, but not everyone have big capital for investment

[@liamjackson5510]

Isn't a realistic return on a good index approx 10% per annum?

[@benjag59]

@@liamjackson5510 It depends on what index, s&p yes. There are leveraged etfs of that and not only that with much less time you can study invesment and buy and hold some etfs(ofc more risk)

[@bakerdow9884]

​@@liamjackson5510Vanguards forecast it will drop to 6.1% per annum

[@markk8903]

​@liamjackson5510 yes. If you can compound 5% every month you will be of very well.

[@LightoftheQuran.7]

av heard that when u got funded you don't trade with real money but with a demo account but when you earn profits they will pay you, i don't understand how that works, can someone explain this to me

[@smotbutterman1127]

Lots of people fail the evaluation stages. They pay with that. If everyone passed and made a profit they wouldn't be able to pay, unless they have insurance for that.

[@baschibeats2075]

Exactly like a lottery. Sell 10k tickets at $500, only 2-5% win. Pay out with ticket revenues.

[@leemitchell2972]

Great video Andrew! One thing I don't understand though is.. you are saying a realistic percentage gain per month is 5-10 % right? But we can gain 4% on just one trade if we risk 2% on a 1:2 RR ratio! So I think the Monthly percentage gain would be much higher than 5-10% 🤔 and that is taking into account the losses we'd face. I would love your feedback on this 😀

[@cashcaleb1873]

It’s because he was suggesting only risking 0.25% to 0.5% which means that a monthly gain of 5% would be equivalent to a monthly gain of 20-40% which is very good.

[@kevinlaffey9310]

Pre-trade or anticipated RRs are nothing more than perception. It is not guaranteed. The only thing ever guaranteed in every trade is risk, never return. And thus the wisdom of keeping risk small to 0,50% or so, especially for newbies. It's fine to run the analytics on your performance over time; the past week, month, quarter, year, etc., and see that your trading acumen is good or improving as measured by a metric like RR, etc. But I continually hear some people refer to this idea that - "I only take trades with 3:1 RR" or whatever. Do you see the flaw in that logic? No matter how 'good' a trade 'looks', the metric that matters in deciding whether to take it is the risk. Anything else is belief in one's trading acumen, which has to be built, and not the 'picture' on the chart. Charts should actually, probably be banned entirely and traders just trade the quote; read the tape. That would do away with a lot of the RR narratives. Cheers

[@seanmastro6782]

LOL....the real reason most traders using Prop Firm Money is...... The prop firms are HEDGING against YOUR BET........ it is THERE CLOSELEY GUARDED SECRET because it makes them money. Imagine the Power of Volume Hedging against your BETS...... that is about as equal to reaching into your pocket and lifting some cash out for myself.

[@PartyJokesHaHa]

How you know

[@victoraugustinedaniel8907]

I dont understand..

[@user-ok8tm8cu3i]

I'd love to know your source of this 'closely guarded secret' if it is so guarded, how did you know? This is a myth that's been circulating for a long time, being in this industry I am still yet to see proof to this

[@ShredzGaming803]

Always that one guy that sucks at being good at something so it all just should be made up and no one makes money ever. Lol. YOU place the trade. No one can know when you’re gonna place and not place a trade pal. And a prop firm can’t change the fluctuation of orders. Go watch some more videos

[@FeelingsAintFacts]

@@PartyJokesHaHa source : trust me bro

[@banginzaza]

1:21 My Forex Funds 😂

[@user-ok8tm8cu3i]

yeah , not good

[@siyabongadlamini7852]

I have a proper account and the casino account, believe me the casino account with good money management and proven skill makes a leaving but only high quality set ups 😂😂😂😂

[@user-ok8tm8cu3i]

Good luck!

[@hamidzarghy]

Too much chitchat

[@ForexExposed24]

Extremely misleading when saying that you are given a real account with real money. No forex prop firm gives you real money everything is traded in an internal b -book environment no real trading ever takes place.

[@Alex-lv1ph]

Quit smacking your lips

[@echeemmanuelgodwin6279]

I could watch more of his videos if he stops doing that. It really throws me off

[@JTXRN]

@@echeemmanuelgodwin6279broo😂😂 I remember watching his videos year ago and had the exact same thoughts. It wasn’t a problem until I noticed it, then it was all I could hear and shit annoyed me lmao

[@PartyJokesHaHa]

So you’re talking about smacking more than the information wow