FTMO has hired Michael Kamerman as CEO of their broker division. He was previously the CEO of the retail broker Skilling.
They also acquired a quant-based prop trading company and a digital marketing agency.
Smart moves by smart guys.
This is not the first time we have seen a massive surge of new prop firms entering the industry.
And even more, companies are shutting their services down. So be sure to make the right choice. Use platforms like
@TheTradingPilot
,
@TheTrustedProp
or
@PropFirmMatch
to know what
🎁GIVEAWAY🎁
3x$5k Challenges
To 3 people who:
1⃣like❤️
2⃣subscribe
3⃣leave a comment 💬
On my first vlog. Winners will be selected in one week. ⏳ Link in the comments.
POV: traveling and building a prop firm
True Forex Funds is gone!
I've been saying that the current business model of props isn't sustainable. Maybe it's time to explain everything in a YouTube video.
🟥BE AWARE!!! If you received emails from prop firms that you didn't sign up for, that is from the Alpha Capital data breach. 🟥
Already saw some traders receiving emails from companies they don't even know.
The reality of the news rule in prop firms.
What is your opinion?
Why prop firms don’t allow trading news? Why they don’t just shut down trading during that time window?
@AAbandzFx3
The current business model is no longer sustainable.
Current prices are very low to maintain the business, al also when they changed platforms the expenses increased and now they have less revenue which results in a lack of liquidity.
Are you watching how we're building a prop firm on my YouTube channel? 🎥
I've been doing a weekly vlog documenting the process of building a prop firm.
Not succeeding is not an option. I work not only for myself; my reason is much bigger than that. I work to provide the best possible life for my family.
What is your why?
SurgeTrader was one of the American prop firms forced to leave MetaTrader due to the suspension of MetaQuotes licenses. Match-Trader was expected to become an alternative, but something apparently went wrong. Now, the company has closed and ceased all operations.
I had a very interesting interview with
@Jamesglyde
. James is a former cTrader executive with over 10 years of experience in the trading space. In our conversation, he shared some pain points in the prop industry and how to overcome them.
Video link in the comments.
We have been operating as a prop firm for 3 weeks, and we haven’t closed or denied a payout (though we haven’t had one yet). This shows how trustworthy we are. 👏
Props these days.
If in doubt about the person you want to become, you should think about the type of people you respect and look up to.
You will have a base of behaviour, how they talk, how they dress, and what they do, and you can create your "perfect" model by imitating the best of the people
Prop CEOs saying on Twitter that the industry is fucked and more companies are going down is a huge red alert. In the end, they say "I have been telling you that this was a very bad business, and now we can't pay you".
Rug pull ahead, open your eyes, and decide wisely.
Hey traders
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High 5!
Rocket21 is down 🚀🧨🎇. Now the drama starts as the biggest promoters turn against each other, blaming one another.
The humor on the website was great, but clients probably won't find it funny.
Guess the pair 💬
Sometimes, the liquidity sweep is bigger than usual, but the direction is still the same.
Some notes on the trade:
- Very aggressive entry
- Very aggressive stop
- Tight management, that is why I closed the entire position at BSLQ
Done trading for the month.
I no longer find enough liquidity and setups according to my strategy.
Let's come back in September after some deserved rest.
Prop firms that require birth certificates for KYC will soon ask to be present at your birth—just to make sure the certificates aren’t forged.
What’s next, they want to deliver the baby too? 😂
How many more prop firms are going to close this week?
At this rate, it’s becoming standard for companies to celebrate weeks since inception.
"Let’s celebrate 5 weeks of surviving in the prop space." Can you imagine? Well … you probably can since it’s already happening.
What's happening in the prop space? Why are so many firms failing?
I'll explain some things tomorrow on my YouTube channel. Raw video, no fancy editing. Link in the comments.
🎁 Giveaway is running on my YouTube channel 🎁
3 x $5k challenges 💰
Rules:
- Subscribe ✅
- Like 👍
- Comment 💬
The video in the comments.
Winners will be selected on Wednesday, June 26.
If you want to be an expert in the prop firm space and know the ins and outs of the industry, you need to watch our documentary/vlog on building
@pip_farm
. I guarantee that you will gain a tremendous amount of knowledge. 🧠
I will be posting a video every week on my YouTube
How can you expect to complete a marathon by being almost totally blind?
Let's be honest, majority of the traders don't know the basic macro, they only care about technicals, a small part of the market.
I couldn't have made it this far if I wasn't paying attention to
Really BIG achievement today! I'm really happy about what I just did, so pumped.
After being hesitant last week, today I decided to give it another try and actually DID IT!
You may be wondering what achievement... an ice bath, what else?!
Last week, I tried my first ice bath
Don't sell your soul for money. See so many people selling their reputation just to make a buck promoting firms that won't be here in a few months.
That is not the way you build an audience and trust. It's better to say no to some deals.
Let's expose the execution of prop firms. Which companies have the best execution with the new platforms? 👀
Working on something interesting. You will know who is making it hard for traders very soon.
The Kill Switch feature on
@pip_farm
shows how handy it is.
This is a tool that can be used to pass a challenge or to prevent you from losing a challenge.
This will close your trades at the equity that you choose.
This should have a slogan: "Trade without stress, use the
Another big and well-known broker is entering the prop space. Can't reveal the name, but it begins with a 'T' and ends with 'K' plus has 'Markets'. Take a guess 👀
Simulated capital is the future.
🎁 Giveaway is running on my YouTube channel 🎁
3 x $5k challenges 💰
Rules:
- Subscribe ✅
- Like 👍
- Comment 💬
The video in the comments.
Winners will be selected on Wednesday, June 26.
Guess the pair 💬
Trade of the day with 1.5R ✅
It's not the best or longest move, but in less volatile weeks, I prefer to be on quick trades and be more aggressive with my TPs.
Guess the pair 💬
- Partial close with 1:3 RR ✅
- Another position was added in London with 1:2 RR.
- The runner for a 1:4 RR has been in place since yesterday.
Introducing FinanceFeeds Shorts! Quick insights from leading industry executives and thought leaders... Check out Justin Hertzberg's
@fpfxtech
impressions on the latest industry trends from the first ever iFX EXPO LATAM 2024 below and stay tuned for more.
#events
#conferences