moonchild
VIP Contributor
Proprietary firms are those firms that raise money from investors in tune of millions and then give it out to forex traders who will trade the money with returns on the investment to the prop firms.
Prop firms then share the profit between the trader and the investors and they then make money from commissions.
To start trading for prop firms you have to structure your trading and based in on returns and percentages, they're not going to demand doubling the account they give you.
At most they'll be looking at 5% monthly, so for example if you they give you a 10000$ account you'll make just 500$ with it and you'll make your 5%, out of this 500$, 250$ will be yours, this is what an ideal trading should be like.
Some of the reputable proprietary firms are
I) FTMO
II) FXTM
III) Darwinex
Check them out and see how they operate, they also have demo accounts that you can use to practice.
Before they give you an account you have to pass their test, they use it to measure your performances and evaluate if you're a good fit for them.
So y'all forex traders try this out and it might be the beginning of your profitability instead of funding 10$ and hoping to bump it to $10k, which is a beautiful pipe dream haha😂.
Leave a feedback if you enjoy the article.
Prop firms then share the profit between the trader and the investors and they then make money from commissions.
To start trading for prop firms you have to structure your trading and based in on returns and percentages, they're not going to demand doubling the account they give you.
At most they'll be looking at 5% monthly, so for example if you they give you a 10000$ account you'll make just 500$ with it and you'll make your 5%, out of this 500$, 250$ will be yours, this is what an ideal trading should be like.
Some of the reputable proprietary firms are
I) FTMO
II) FXTM
III) Darwinex
Check them out and see how they operate, they also have demo accounts that you can use to practice.
Before they give you an account you have to pass their test, they use it to measure your performances and evaluate if you're a good fit for them.
So y'all forex traders try this out and it might be the beginning of your profitability instead of funding 10$ and hoping to bump it to $10k, which is a beautiful pipe dream haha😂.
Leave a feedback if you enjoy the article.
