The Man Behind 157 Prop Firms Exposes Why Traders Fail - Justin D. Hertzberg

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Titans Of Tomorrow

Titans Of Tomorrow

Күн бұрын

Пікірлер: 291
@titans.of.tomorrow
@titans.of.tomorrow 2 ай бұрын
Alpha Capital is the #1 prop firm. We're proud to have a huge 30% discount for you on ALL evaluations: app.alphacapitalgroup.uk/signup/TOT (Or Use Code: TOT) Alpha Capital is already one of the cheapest firms without our discount. Never denied a payout and one of the only few prop firms that didn't get banned from MT5. Trade with firms you can trust. That have their own regulated broker, their own tech and a metaquotes license. And most importantly the best trading conditions compared to other props. It's a no brainer
@banginzaza
@banginzaza 2 ай бұрын
You continue to be the most transparent Forex trader. With the most interesting topics and unique guest. Bless you young man. You are the Goat 🐐👑
@NuevaGeneration2025
@NuevaGeneration2025 2 ай бұрын
Can it be used in USA!? I'm from Texas, and I wanna get alpha!!!
@blazkazerak3051
@blazkazerak3051 2 ай бұрын
@@pauljohnson1173 i am with them ( still doing challange) what problem did u had?
@Wurbleification
@Wurbleification 2 ай бұрын
Hahahahaa what? Alpha are the scammiest of the big firms. They're disgusting. Go with FTMO, The5ers, FundedNext... Heck even Funding Traders, Maven, Funded Trader Markets are demonstrably more trustworthy than ACG. What a joke this channel is.
@Wurbleification
@Wurbleification 2 ай бұрын
@@NuevaGeneration2025 Don't. Top Step and My Funded Futures are best for US traders.
@VikAndrade
@VikAndrade 2 ай бұрын
This guy is in the industry to make the prop firms more money and the trader more likely to fail.
@Fishster
@Fishster Ай бұрын
Inclined to agree. I’m pretty sure that the reason they break off relationships is their customers ability to pay license fees and nothing to do with ethics.
@dominicevans2733
@dominicevans2733 Ай бұрын
Facts
@dominicevans2733
@dominicevans2733 Ай бұрын
FPFX is the opps
@avo-w1s
@avo-w1s Ай бұрын
That’s essentially the model of prop firms, smart traders fly under the radar, they’re not out here 20k a month, they are taking 0.5-2% a month and calling it a day, big profits put a target on your back, always aim for the biggest account size but never max funding, so if firm offers 600k max funding and the biggest challenge the offer is only 100k, stick with the 100k and diversify
@tomstevens7452
@tomstevens7452 Ай бұрын
The CME wants more of the good traders actually in the market with live accounts. The traders who are successful long term are grinders not the YOLO traders trying to make 50k on 1 trade. Hence why payouts are going to be limited.
@OrionFunded
@OrionFunded 2 ай бұрын
Justin is the man! The hidden but one of the most important faces in the Prop game. 👏🏻One of the best guests so far.
@titans.of.tomorrow
@titans.of.tomorrow 2 ай бұрын
Both Justin and yourself David, legends in the game 🔥
@davidviotaest
@davidviotaest 2 ай бұрын
@@titans.of.tomorrow G🙏❤
@AnkhCap
@AnkhCap Ай бұрын
The propfirm is the roulette of trading, basically all of them ask you to flip an account (almost 2X) without having a significant drawdown and you have to do it twice " phase 1 and 2" all this on an overleveraged account (give you 100k with a 1:100 but essentially it's 10k with a 1:1000 since most of them max loss is set to 10% of the account..... All those are VERY extreme conditions to trade in a space where 90% of people fail even without those extreme conditions
@AnkhCap
@AnkhCap Ай бұрын
Technically it's like asking Bolt to run his world record in the 100m every single time he runs.... Can do it twice if lucky or even a THIRD TIME, IT'S NOT SUSTAINABLE WHATSOEVER. Just trying to get lucky, luck is not a strategy
@momoney6373
@momoney6373 10 күн бұрын
That’s why I don’t feel bad for them. The aim for traders has always been to get a big payout from a firm to start your personal. If you’re good enough.
@jawaahiri
@jawaahiri 2 ай бұрын
This is the best and most effective video I've ever seen on Waqar Asim (Titans of Tomorrow), It dives into real issues I’ve always asked myself about-truly eye-opening and thought-provoking. Great job!
@TacomaNick
@TacomaNick Ай бұрын
This interview is pure gold. This guest presents such a mature and sensible point of view on the prop firm model, which is exactly what the industry needs. The industry is a baby and is still growing up. I love the idea of both prop firms and traders behaving in a sustainable manner, and not giving in to greedy or unethical practices. Sustainability is the name of the game, long-term. Hopefully, that is what prevails, because that seems to be the necessary ingredient for the industry to have longevity. Just like with actual trading. Thanks for the episode!
@iveyoil
@iveyoil Ай бұрын
Eye opener interview. Been thinking about opening up one but now not quite sure I need the headache. Justin was very informative and realistic and brought up some great points I needed to consider.
@titans.of.tomorrow
@titans.of.tomorrow 2 ай бұрын
Thanks for your patience and feedback! We fixed some unforeseen glitches from the original upload yesterday - enjoy the improved version!
@phychology-p8t
@phychology-p8t 2 ай бұрын
Ok😂
@Alyasaaunura
@Alyasaaunura 2 ай бұрын
Waqar❤
@rahmancamyt
@rahmancamyt 2 ай бұрын
Great 👍
@rodelyocte3434
@rodelyocte3434 2 ай бұрын
cool :)
@ashmurdle
@ashmurdle Ай бұрын
Great interview. Thank you to both of you
@belnester
@belnester 2 ай бұрын
one of the best podcasts till now, justin is a smart and genuine guy
@samuelbrown3326
@samuelbrown3326 Ай бұрын
this guy is very intelligent this is definitely one of my favourite podcast. Good job
@NoreskFX
@NoreskFX 2 ай бұрын
Thats one of the most important interviews you held. Great job man. Thanks Justin for your valuable thoughts.
@statesofbeing888
@statesofbeing888 2 ай бұрын
Are you a bot?
@D.O.P.E.BookFX
@D.O.P.E.BookFX 2 ай бұрын
This was one of the best interviews I’ve seen in regard to the Prop space; both FX and Futures. Great insight, especially the red flag warnings that a lot of newer traders could easily miss. (As well as some of us that get complacent.)
@statesofbeing888
@statesofbeing888 2 ай бұрын
Are you a bot?
@D.O.P.E.BookFX
@D.O.P.E.BookFX 2 ай бұрын
@@statesofbeing888 what kind of question is that? Because you have a different view of what I said?
@Phastal
@Phastal 2 ай бұрын
Futures prop firm don't apply as much. They are working off a regulated market. It's up to the owner if they want to scam their customers. But if they A book and use risk management, should be no reason why that firm shouldn't make money.
@will_day
@will_day 2 ай бұрын
Great content, great quest, tons of value. Keep it up Waqar
@statesofbeing888
@statesofbeing888 2 ай бұрын
Are you a bot?
@will_day
@will_day 2 ай бұрын
@ why are you asking everyone if they are bots?
@tradingmicros
@tradingmicros Ай бұрын
Great insights given! This channel really offers the best insights into the industry and has the most interesting people interviewed 💯
@leonlombard
@leonlombard 2 ай бұрын
Great interview and insights into the industry. Good to know there are firms out there that are looking at long term sustainability and making it a business. Thanks for sharing this knowledge.
@muurish1
@muurish1 2 ай бұрын
This is one of the best videos I have ever seen/heard! True to the source. Fantastic dissertation..
@v3n481
@v3n481 2 ай бұрын
indeed
@statesofbeing888
@statesofbeing888 2 ай бұрын
Are you a bot?
@JESS-CH
@JESS-CH 2 ай бұрын
Great interview, appreciate you sharing your insights Justin.
@statesofbeing888
@statesofbeing888 2 ай бұрын
Are you a bot?
@sumitgoswami3626
@sumitgoswami3626 2 ай бұрын
IF YOU WANT TO BE SUCCESSFUL IN TRADING WORLD, SIMPLY STAY AWAY ANY PROPFIRMS. EVEN IF THEY GIVES YOU FREE ACCOUNT OR MONEY JUST DON'T GO TO THERE DOOR. YOU HAVE TO CREAT YOUR OWN MINDSET, OWN WORLD, OWN STARTEGY ,OWN RULES TO GO FAR AND BEYOND.
@Kuu_7
@Kuu_7 2 ай бұрын
Exactly. If prop firms were legit the most profitable traders in the world would take full advantage but they don't because they can smell the rotten eggs miles away. Read the stats before you jump in. 7% pass the evaluation. 4% get a funded account and less then 1% KEEP their funded account.
@dariofabian8819
@dariofabian8819 2 ай бұрын
​@@Kuu_7 the most profitable traders of the world have enough knowledge and money to run their own accounts, so they don't need "prop firm capital". If you have done trading for a time you know that it is "a game of percentage" so a 20 or 25% profit a year will take you nowhere if your account have 500 dollars but the same percentage could give you a good lifestyle with a 10 million account.
@reprogrammingmind
@reprogrammingmind 2 ай бұрын
learn to spell and turn off caps lock.
@TurnkeyTrading
@TurnkeyTrading Ай бұрын
I don't agree with this view. Prop firms provide capital. If traders are going to attempt to trade then it is better that they lose a couple hundred dollars of prop firm fees rather than thousands of their own dollars.
@Amozii
@Amozii Ай бұрын
Yeah but buying a prop firm is like losing a couple hundred dollars when you could actually just learn from your mistakes and the most profitable and actual real traders aren’t using prop firms unless it’s to fund your own account
@blinktrading1553
@blinktrading1553 2 ай бұрын
Very important info, I need to know my prop firm(s) are getting a healthy profit. This explains also why prop firms are always tweaking the rules, they're getting a call from Justin regarding their metrics.
@perarduaadastra873
@perarduaadastra873 2 ай бұрын
Nobody flies a passenger airliner without training. Many fly a trading desk having never evidence they are qualified to fly safely. They crash.
@RonaldCabrera-s4i
@RonaldCabrera-s4i Ай бұрын
Great interview, I don't follow you but this was good.
@Pjblabla2
@Pjblabla2 2 ай бұрын
Great interview Very insightful
@statesofbeing888
@statesofbeing888 2 ай бұрын
Are you a bot?
@garethwarnock
@garethwarnock Ай бұрын
That’s was a very good interview! With two v intelligent people and great content
@TeflonTipz
@TeflonTipz 2 ай бұрын
This so beyond eye opening my goodness!!
@studytime-qb9bx
@studytime-qb9bx 2 ай бұрын
When I find a prop firm that aligns with my daily trading strategy and doesn’t require me to make frequent, minimum trades, I can maintain my accounts for over two years. On the other hand, for firms that don’t offer such flexibility, I often end up exhausting the account by the 22-day mark. I prefer to trade 3 times a week rather than 5.
@craigtaylor4613
@craigtaylor4613 Ай бұрын
Just make 1 second tiny trade to keep the rules
@kabiyesiiTrades
@kabiyesiiTrades 2 ай бұрын
Great questions, detailed answers! I enjoyed this one Waqar! Thank you for the opportunity to listen to Justin. Cheers
@SteveWeber-gx7tx
@SteveWeber-gx7tx 2 ай бұрын
Very interesting! I enjoy videos like this a LOT more than those with the latest “guru”.
@statesofbeing888
@statesofbeing888 2 ай бұрын
Are you a bot?
@briandimz
@briandimz Ай бұрын
Mr. Justin came prepared. Good interview
@sainttgotty2820
@sainttgotty2820 Ай бұрын
you asked some very good questions, True professional in your line of work.
@Johan10683
@Johan10683 Ай бұрын
Great interview and interesting facts presented. It appears the prop firm space remains a shark infested pool...
@FOOTPRINTGUY
@FOOTPRINTGUY 24 күн бұрын
RE: 35 min in Prop Trading firms don't allow you to hold a trade longer than a day session. So you cannot hold a position as per a swing trader... unfortunately.
@blueboyd5297
@blueboyd5297 Ай бұрын
THanks this was a very insightful video on how props work. I trade prop and real/live accounts. and my gains are small compared to some influencers(dont believe everything you see) but consistent. I very rarely have an all out losing day and when i do its small and recoverable. I want to show people the way just need to set time asside for the content creation. but most of you are chasing a dream that you were sold, and trading is ALOT simpliler than you think .
@esquire9445
@esquire9445 2 ай бұрын
Ya, there needs to be regulation in this space. I worked for a Municipal Bond Brokers Broker. They were required to have 500k in cash in an account and the regulators would seize that money if something became shady. That should be required in the prop space. There should also be a way to file a complaint and have an outside tribunal of other prop firms decide the outcome. Experts regulating other companies.
@Coted1988
@Coted1988 2 ай бұрын
The problem with regulating the prop firms is majority are in countries that don't require regulations. Most don't allow American clients to evade American regulations.. I agree with you 100%. There should be global regulations.
@statesofbeing888
@statesofbeing888 2 ай бұрын
Are you a bot?
@esquire9445
@esquire9445 2 ай бұрын
@@statesofbeing888 r u an npc?
@arresthillary9502
@arresthillary9502 12 күн бұрын
file with your State Attorney General
@mrchrisadams43
@mrchrisadams43 Ай бұрын
Man....trading has progressed to a wild place. There's no way I could ever explain this to my "newsletter investor" dad.
@INvestME2011
@INvestME2011 19 күн бұрын
Great interview.
@ZeroFloat.
@ZeroFloat. Ай бұрын
If you are not consistently profitable then you need learn how to do it a simulator, you can do it for free, no need to pay hundreds of USD of fees to propfirms. If you are consistently profitable then you can open up a real brokerage account and start one micro contract and build it up there, you can do it 500-1000USD, no need to share your profits with propfirms. So either way, you don't need propfirms designed to take away your money.
@kenchinn3275
@kenchinn3275 Ай бұрын
I agree. Do not waste money on gimmicks. Trade your own money and make your own profit. Duh.
@TacomaNick
@TacomaNick Ай бұрын
I respectfully disagree. If a trader is truly consistently profitable, prop firms are a great way of multiplying your profits, which you can then put into your personal account(s). Not to mention the incredible return on investment. If all you have is a small personal account, and you're pushing it that hard to get meaningful gains, you're quite exposed to that one bad day that jeopardizes your entire account. Versus losing a prop account worth $500. Using props helps diversify that risk as well.
@Amozii
@Amozii Ай бұрын
Even actual profitable traders that aren’t trying to push prop firms down your throat may not even pass a prop firm challenge that should tell you something and not only the odds are even more against you in prop firm but in the long run it’s not worth 100 dollars just use a sim account at that point and that’s how they run up millions
@Amozii
@Amozii Ай бұрын
But it’s not good for beginners which they are trying to market to new beginners so they lose money
@ZeroFloat.
@ZeroFloat. Ай бұрын
@@Amozii Beginners should develope a strategy in simulator first before they trade with real money. You can use this simulator for free, why would you pay to those prop firms just to be in the simulator?
@DiscoBliss
@DiscoBliss Ай бұрын
This is such an interesting POV interview because he's a literal advisor to the enemy. He's telling prop firms to get rid of the best traders by pretending they're just lucky punters. While goosing the business model that is literally the same as casino's. His advice is the same as advisors to casinos in the 1970's that said "You need to get rid of any customer who counts cards in Blackjack. They're basically cheating." The best traders in the World, at least of those that have been interviewed, trade ALL volatile events. Many times those traders derive huge chunks of their profits and 100% of their success in just a few days per year. He's telling these prop firms: "These guys are just lucky." He seems to believes markets are 100% random, he certainly doesn't trade for a living or believe that anybody else can actually do that. It's so fascinating watching the host try to grapple with his answers conflicting with his own beliefs.
@rikorich8617
@rikorich8617 19 күн бұрын
Well said it’s going to be ran just like a casino the more traders start to profit
@GhostBear.Goldsmith
@GhostBear.Goldsmith Ай бұрын
Interesting. Last I heard from Forest Park they were basically telling me to get lost because they quit.
@smetljesm2276
@smetljesm2276 Ай бұрын
When the guy says " hey look news trading accounts for 30% of your payouts" he says it like that (payouts) is a dirty word. It actually reveals that prop firms do not pay you with money they invest on you as funded trader and you earn for them but with other peoples money. Money from challenges. This is all demo trading the only real money is the ones challenges are being bought with.
@choppiquew8581
@choppiquew8581 28 күн бұрын
This caught my eye as well. Not incentivizing Performance. Similar to insurance companies that are incentivized to deny claims to remain profitable.
@arresthillary9502
@arresthillary9502 12 күн бұрын
sounds like a ponzi scheme
@szantokrisztian3073
@szantokrisztian3073 7 күн бұрын
Yeah... I am very new in this trading world, but i thought naively that if i make 10% (10k on a 100k account) then i would keep 50% of it amd that is a great deal for both of us.... as i made 5k for the prop too. But... if/as i understood well, this whole thing just kind of demo and their income from the fees purely? Don't I make real money with the account???
@smetljesm2276
@smetljesm2276 7 күн бұрын
@@szantokrisztian3073 Yes a hidden demo. They limit you with drawdown (something you don't do in real life) and call it good safe practice while it actually allows them to call it a 100k account. You gotta play it like 10K account. Bad thing that for success you need to double it. They know this is hard in the long run and that 90% fail. That fail rate allows for payouts form the people who make it to funded. Once funded you should lower your risk even significantly further so you don't blow the 10k or 10% max drawdown. Max drawdown is your account (but not real deposit money) the rest is fake.
@szantokrisztian3073
@szantokrisztian3073 7 күн бұрын
@@smetljesm2276 very smart... only person who can loose on this is me.
@craigtaylor4613
@craigtaylor4613 Ай бұрын
You can not call trading cheating the system by trading news, if they are using there own money that have that right to do that !! So it’s not cheating!!! And hedging is also not cheating, as it possible with your own money
@KVRLXM
@KVRLXM 2 ай бұрын
Excellent podcast - very interesting to have an inside explanation of the workings of our current opportunities within the markets/platforms etc. Exactly how a professional engagement should playout.. great questions, detailed answers! Sounds like a cowboy movie out there.. atleast thats the picture thats been painted 😅
@statesofbeing888
@statesofbeing888 2 ай бұрын
Are you a bot?
@Marvin_HL
@Marvin_HL 2 ай бұрын
great interview thanks
@danielstoyanov4359
@danielstoyanov4359 Ай бұрын
Great Insides.! Thanks for the knowledge! I know how to trade now to be successful in the prop space!
@robertfeni-fk9ww
@robertfeni-fk9ww Ай бұрын
Thank you for this video.... It gives enlightenment thet helpds a trader access their approach in hiw to deal with prop firms.
@GRANDPRIXDUVAL
@GRANDPRIXDUVAL Ай бұрын
great interview so this guy is the reason im banned from new evals from apex because I have had too many PA accounts.
@tishadin752
@tishadin752 Ай бұрын
Great video! I can’t say enough about my investment coach Katrina Susan-she’s completely turned my life around. I started with a small investment, and now I’m finally free from debt. I’ll always share her work with others because she’s truly made a difference in my life. Thank you, Katrina!
@sophiabrown2005
@sophiabrown2005 Ай бұрын
Wow, it’s amazing to see Katrina Susan mentioned here! I didn’t realize she’s helped so many people. I’m currently on my fifth trade with her, and each one has been outstanding. Highly recommend
@Joelgarcia47
@Joelgarcia47 Ай бұрын
Katrina is not only my family’s trusted broker but also a reliable advisor to many families here in the United States. She has the experience and integrity that so many of us need
@JamesRandle5
@JamesRandle5 Ай бұрын
Isn’t it great to see how many people know her? I thought I was the only one she had guided through the ups and downs of trading. She’s made such a difference in my journey!
@benroland3652
@benroland3652 Ай бұрын
I’m just starting out-can anyone help me reach her?
@tishadin752
@tishadin752 Ай бұрын
SHE'S MOSTLY ON TELEGRAMS, USING THE USERNAME
@LisaAlden-yb3ik
@LisaAlden-yb3ik Ай бұрын
Great show! I wish somebody would talk about how regulation could affect the trader.
@pacesferry
@pacesferry 2 ай бұрын
Thank you for this intvw. Insightful,
@azimuthbusinesscenter
@azimuthbusinesscenter 2 ай бұрын
I was with MFF when they got shut down. I am with 2 other prop firms right now
@SPORTS1000NFL
@SPORTS1000NFL 2 ай бұрын
Prop firms need traders blowing accounts and repurchase. Long term and short term. Honestly it seems the firms prefer that. Only a handful of firms are truly seeking to place traders in a true live account.
@kbyer
@kbyer 2 ай бұрын
Any names of ones that do??
@Fishster
@Fishster Ай бұрын
To blame weaknesses in the firms infrastructure on toxic traders ‘exploiting’ the system is pretty rich. The CFD companies did the same in the early days. Run a delta neutral book and stop the shenanigans that might leave the firm exposed.
@timhollingsworth6817
@timhollingsworth6817 Ай бұрын
Great video. Thanks.
@jimmykim2497
@jimmykim2497 2 ай бұрын
Topstep is the best so far.
@Big_delta
@Big_delta 2 ай бұрын
I don't see them making it with all those convenient software problems and only helping rectifying trades for people who blew their account because of it (they would've blown it anyways).. What are we on, the 10th Topstepx outage this month? They always seem to appear at key reversal points
@TurnkeyTrading
@TurnkeyTrading Ай бұрын
for futures
@samuelbrown3326
@samuelbrown3326 Ай бұрын
@@Big_deltatopstepx is still new same thing happened with funderpro. Tradovate is definitely still their best trading option
@revg9742
@revg9742 Ай бұрын
why
@tracyhugie
@tracyhugie Ай бұрын
Is it better than Apex in your opinion. I've tried Top Step but like Apex better. What do you think Comparatively
@thejword
@thejword 27 күн бұрын
The whole model seems wrong. The only way for the firm to win is for the trader to lose. It needs to be set up where the firm wins WHEN the TRADER WINS.
@rkatz0
@rkatz0 2 ай бұрын
Extremely funny, thanks for posting.
@AdV3nt5187
@AdV3nt5187 3 күн бұрын
At 16:45 this guy just proved that the 20% profit that the prop firm generally takes from payouts means nothing, they are trying to get you to lose.
@sterlingmarkets5608
@sterlingmarkets5608 2 ай бұрын
Great Interview, thank you. Where can I find a list of the Prop Firms supported by FPFX?
@TurnkeyTrading
@TurnkeyTrading Ай бұрын
I doubt that the list is published
@cabdifataax2587
@cabdifataax2587 2 ай бұрын
First time I heard the name of fpfx when fundedengneer shutdown
@titans.of.tomorrow
@titans.of.tomorrow 2 ай бұрын
Apparently there’s active litigation as they robbed FPFX of a lot of money by faking payouts
@markm1461
@markm1461 2 ай бұрын
@@titans.of.tomorrow please get tristan the midget angelo and scammern (casper) smc and that one Chinese kid padalin to expose everyone and set the record straight. dudes just ruined their reputations lets not forget my favorite Indian scammer raja lol oh and the paki over weight scammer "riz" lmao
@technomentis
@technomentis Ай бұрын
Thank you!
@chartingwithliv
@chartingwithliv Ай бұрын
Hes the guy? Wow seeing his tech,
@dand52
@dand52 2 ай бұрын
Very informative
@harveylgordonusa
@harveylgordonusa 2 ай бұрын
Go with a prop that has been around a long time and a relatively short path to a real live account. Don't be their experiment! Of course everybody out there already knows this, right? Right.....
@integrityborn6156
@integrityborn6156 Ай бұрын
Lol exactly, it’s some prop firms out there where you can get a payout in 3-7 days, just long as their a reputable prop firm you’ll be good long as you know what you’re doing!
@kevincoronat
@kevincoronat 2 ай бұрын
more episodes like this 👍
@quackyduck2276
@quackyduck2276 2 ай бұрын
oh man I would love to go through the data and find all the profitable strategies and use them myself $$$
@__redfeather
@__redfeather 2 ай бұрын
This still does not make sense, if prop firms actually backed their traders when they passed, they would then capitalise on both their winning traders and their losers. Rather than just backing them to lose. It’s just greed.
@johnmcashill9919
@johnmcashill9919 2 ай бұрын
No because most of the traders that passed a challenge never reach a payout, they loose their funded account.
@TurnkeyTrading
@TurnkeyTrading Ай бұрын
most trading in this space is not using live trading money known as A-book
@derrickthompson2664
@derrickthompson2664 2 ай бұрын
What do you guys think about Trade The Pool?
@TelemoGum
@TelemoGum 2 ай бұрын
The retail trader always getting fucked smh
@perarduaadastra873
@perarduaadastra873 2 ай бұрын
What Expo did these two meet at?
@lwegabalinus7757
@lwegabalinus7757 Ай бұрын
Dubai Forex expo 2024
@deankleb1397
@deankleb1397 2 ай бұрын
These new cashflow funding firms are not prop firms period. Real prop firms have been around for decades and operate totally different to these trading casinos.
@hc3550
@hc3550 Ай бұрын
Charles Ponzi would be proud!
@romasm3
@romasm3 Ай бұрын
I didnt like. Some answers of tech. I think suspesious. 😁 questions eas very nice and deep. 💯
@666jjdemon
@666jjdemon 2 ай бұрын
how many firms rug pulled?
@groovyfnm
@groovyfnm 2 ай бұрын
so many... Angelo was the biggest rug puller, he did it with TFT
@t2thek
@t2thek 2 ай бұрын
@@groovyfnmnow TFT is back and ain’t stfu about their promotions lol. Glad I moved to futures 500 dollars for a trading account us bonkers
@fkn_berny651
@fkn_berny651 Ай бұрын
so how about a firm for US clients?
@ZandoZandelo
@ZandoZandelo Ай бұрын
Chris Cuomo doppelganger
@TurnkeyTrading
@TurnkeyTrading Ай бұрын
I chuckled
@wynnwatkins9749
@wynnwatkins9749 2 ай бұрын
So I have just watched 5 minutes of this video and the cat is out of the bag. This guy says that 90% of the prop firms are technically insolvent!! Let that sink in folks. Why would you waste all of your time trying to pass evals and then trying to make money and then getting denied a payout because the firm is one month from bankruptcy. These are just casinos under a different name. They make all of their money off of you losing. Trading is nearly impossible anyway without the firm you are trading with trying everything in their power to make you lose. Good luck trading guys!!!
@Drawn_Cup
@Drawn_Cup 2 ай бұрын
But casinos don't build those Oasis in the desert if they're not making money so maybe that's not the best analogy, I mean they literally choose to pay for AC in the winter that's kind of a flex to me😂 obviously it's maybe not the wisest one of course...
@wynnwatkins9749
@wynnwatkins9749 2 ай бұрын
@@Drawn_Cup Maybe your right but what I am saying is that they make money when you lose. I dont think I want to trade with a company who's is hoping that I lose, but that's just me.
@JWA-by3uo
@JWA-by3uo 2 ай бұрын
Excellent
@Mo-fl9ww
@Mo-fl9ww 2 ай бұрын
I got those chairs from Wayfair!
@alexanderthiem8621
@alexanderthiem8621 2 ай бұрын
I don't get it. Prop firms only monetization is through challenges? I thought they take a split of the trading profits ! (like 70/30, 80/20 and so on)
@v3n481
@v3n481 2 ай бұрын
lol, it would be the other way around, you keep 20 percent and they take 80 percent if that would be the case
@romainb2703
@romainb2703 2 ай бұрын
Most of the time you are trading a sim funded account, so 100% of the money comes from them and they lower that amount by 10%. Once you’re live the money comes from the market and they keep 10% for themselves. But the number of live funded traders is so meaningless that this must really be peanuts.
@dariofabian8819
@dariofabian8819 2 ай бұрын
​@@romainb2703the trader money never comes from the market, in other words you never trade "live".
@moons4768
@moons4768 15 күн бұрын
@@v3n481 I have traded for a firm 80-20 in my favour while trading their money. It was in 2006 though. Also had 45-55 when I started out in 1999 and they gave 2k draw every month. While teaching us how to trade. Was trading bund-bobble -schatz butterfly spreads. Don’t know if these opportunities still exists these days.
@AdV3nt5187
@AdV3nt5187 3 күн бұрын
At 21:42, the way he speaks about payouts proves that the payouts are not coming from actual trades, his comment makes no sense, you should never be having an issue with profits being made, those profits should be benefitting both parties that is why they have the 80/20 profit split idea.
@ntokozoasandamadonsela5681
@ntokozoasandamadonsela5681 2 ай бұрын
Why not pick the best losers and best winners than follow and counter trade them ( A & B booking prop firm part) 2/5% of those to hedge risk
@Chizzyetc
@Chizzyetc 2 ай бұрын
He explained that they tried it but spreads and commissions made the profits not to be worth the risk.
@ntokozoasandamadonsela5681
@ntokozoasandamadonsela5681 2 ай бұрын
Cool
@ruanof7
@ruanof7 Ай бұрын
These prop Firms make rules too tight that are more like Scams ! - I've never been in one nor will I ever; I've only heard from a guy that keeps loosing $ in these Firms.
@howeneil1
@howeneil1 2 ай бұрын
What's your view on a company like TopStep sharing their payouts of around $1M/day?
@nizarama587
@nizarama587 2 ай бұрын
What about Apex with their 30M a month lol
@teaspells9994
@teaspells9994 2 ай бұрын
@@nizarama587That can’t be real 😂
@davidjewel1453
@davidjewel1453 2 ай бұрын
@@nizarama587 not recently with all there improper risk management denials. Now dont get me wrong alot are probably deserved in truth. I know Im going to be this time around because I nuked one PA and nearly a second before the trade came back to me foolishly I just let it run and blew past the 30% DD on profit per trade rule
@SteveWeber-gx7tx
@SteveWeber-gx7tx 2 ай бұрын
@@nizarama587the majority of that goes to their cherry picked affiliates who enjoy a “no denial” policy.
@robp3741
@robp3741 2 ай бұрын
@@nizarama587 topstep pays...apex may or may not...big difference
@JoelBtrading
@JoelBtrading 23 күн бұрын
The man who bans profitable traders.
@AdV3nt5187
@AdV3nt5187 3 күн бұрын
23:30, wtf are you on about, why is a trader making profits seen as a problem, if the withdrawal comes with an profit split the more profits a trader makes then the firm benefits, why would you view a trader making profits as a trader being a liability?
@407СЕМЕДУ
@407СЕМЕДУ Ай бұрын
But its say 120 prop firm tho
@DailyLifeLessonssinceBC
@DailyLifeLessonssinceBC 2 ай бұрын
At 9:18, he says 90% of the firms that have come out last 6 months are technically insolvent. (Remember they provide tech to prop firms so they can see behind the curtains).
@95ivangr
@95ivangr 2 ай бұрын
Thanks for the info... But still didnt explain why no one is trying to make A book prop firm... Just A book a trader that passed the challenge, has a few payouts and has consistent risk and profitability over a first few months... All the rest should be B booked and A book those 0.1% that are consistent...
@titans.of.tomorrow
@titans.of.tomorrow 2 ай бұрын
Even if done, it will contribute less than a few % of payouts. And those traders also do blow accounts. It’s a very unreliable way which is why nobody is really doing it successfully
@95ivangr
@95ivangr 2 ай бұрын
@titans.of.tomorrow Thought with all the data they have they could do it... Anyhow, there are two prop firms that I am aware of that claim they A book traders - Lux trading firm (minimum 29 trading days rule) and Funder Pro... Could you bring someone from those firms to the show and discuss how they do it?
@taylor_o
@taylor_o 26 күн бұрын
Blame the "toxic" customer for "gaming" YOUR game... Classic. The "prop model" of trading has always been completely fugazi: the grift started with you, the smart customers are simply calling your bluff.
@brucesmith6007
@brucesmith6007 Ай бұрын
Stop news trading? Or stop too many traders using to same ea? Anti gambling rules? Prop firms hedge? Hmmm, prop firms are not traders friends?
@statesofbeing888
@statesofbeing888 2 ай бұрын
I bet that this guy doesn't trade himself
@romainb2703
@romainb2703 2 ай бұрын
Lol of course not :)
@Shehzad147
@Shehzad147 2 ай бұрын
He is not supposed to trade. He is a Tech Provider and not a trader.
@Bonemanwalkin
@Bonemanwalkin Ай бұрын
Doesn't need to haha, he provides IT services to the casino
@cluggyahoo
@cluggyahoo Ай бұрын
He doesn't need to. He's the Casino
@itsbrowniebear75
@itsbrowniebear75 Ай бұрын
PROP FIRMS = PONZI SCHEMES … BERNIE MADOFF WOULD BE PROUD 😅😅😅😅
@bigslice54
@bigslice54 Ай бұрын
Traders gaming the system? Do you mean winning? Can't have that. We're supposed to do that. Not them
@banginzaza
@banginzaza 2 ай бұрын
35:32 Oh no Waqar. Is he saying the swing traders have a better chance at props? 😂 Just joking bro
@camscott68
@camscott68 2 ай бұрын
Damn & one firm maybe top 3 or def top 10 is claiming $15,000,000 in payouts per month
@jacquesoosthuizen8909
@jacquesoosthuizen8909 Ай бұрын
Food for thought - Apex has 80 - 90% discounts....permanently....
@dragonflydreamer7658
@dragonflydreamer7658 Ай бұрын
Where are the guys with the 5000 dollar suits and 500 dollar shoes, not talking wounder why.
@nicholasphillips6166
@nicholasphillips6166 29 күн бұрын
Sorry people don't fail because of prop firms, its because their trading ability and strategy is lacking...
@smetljesm2276
@smetljesm2276 Ай бұрын
This guy literally just told you all they hate profitable traders because it eats into profits. That is whybthere are aom many rules on top of unsustainable RR targets. For anyone with half a grain of intelligence it's obvious these are all ponzies living on money from challange sales or newest trick, subscritions
@mostek6502
@mostek6502 3 күн бұрын
This sounds like a Bucket Shop ( not connected to the real market! Investigate! Investigate! Investigate! Please
@710malcolmpereira2
@710malcolmpereira2 2 ай бұрын
I only needed to make £70 more to pass my phase 2 funded challenge. I had a great strategy with good risk and I was doing really well until. I was left with just £70 that I had to make to get funded. I over leveraged and hit my daily drawdown. This was heartbreaking. Hoping to recover from this. Currently don’t have any money left on me. Any money I could get would be of great help as I would really win this time. Please help me🙏🏽
@samuelbrown3326
@samuelbrown3326 Ай бұрын
what’s ur insta or twitter so i can contact u
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