Honestly, im not fan of prop trading ...

[PTScalper]

Hi guys,
honestly, im not fan of prop trading, can somebody explain me, why is better than normal forex spot trading?

In my point of view trading forex is not so easy, why to add another rules from prop firms?

[Fairman]

Hi guys,
honestly, im not fan of prop trading, can somebody explain me, why is better than normal forex spot trading?

In my point of view trading forex is not so easy, why to add another rules from prop firms?

That’s true,

Forex is not easy so why add extra rules to it

Some traders don’t have capital to trade or scale that’s the reason behind prop firms existence

Once can get a 50k$ prop account for about 200$ and scale by making 5% profit weekly which is good

It’s like risking 200$ for a chance at financial freedom

There are cheaper accounts too like 50$ for 10k$ accounts

Also the rules are not that scary

Most have;

max drawdown of 10%
Daily drawdown of 5%
5 Minimum trading days
No news trading


The rules aren’t so bad you see, as long as a trader stays disciplined

[PTScalper]

yeah i got it,
but in reality it does not work by this way

Because there is catch, they will not give you 50k$ account for 200$,
because you have to keep in mind their rules, for example max drawdown 10 percent, that means,
its not 50k$, but in reality only 5k$ account. Plus there are rules like you have to make 10 percent with max drawdown 10 percent, so you have to make 100 percent.
So thanks to this its not 5k$ for 200$, but 5k$ for 400$ and another rule is, that they have two steps, so its another 50 percent.

So in reality it is not 50k$ for 200$, but 5k$ for 600$
Its still good, but thanks to another rules you have to focus no only on trading, but for rules as well, so its harder for you.
Plus once you will be successsful, they will ban your account.