Prop Firm Updates July 2024 - The Funded Trader - Funding Pips - The Forex Funder
In this video we will go over updates and latest things happening with prop firms like The Funded Trader, Funding Pips and The Forex Funder.
Also we have a unique perspective on these topics from @ForeignMoneyx
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Timeline:
00:00 Intro
00:05 The Forex Funder Update
03:40 The Funded Trader Update
09:26 Funding Pips Update
11:20 Prop Firm Traders
The proprietary trading firm is the entity that provides the trader with the necessary funds to trade on the financial markets in exchange for a share of the profits. In addition, the prop firm assumes any losses, as the trader never puts his personal capital in danger.
Depending on what the firm has to offer, you can get funding from $500 to millions of dollars. Then, you can use your experience and professional trading tools to trade well and earn commissions or profit splits.
One benefit of online prop trading is that it lets people get into trading without having to risk tens of thousands of dollars. Also, you can start trading with a small amount of money and still make a lot of profit.
The majority of the time, a prop trading firm will design tight trading rules to help traders manage the activity so as to maximize profit and minimize loss.
Choosing the best proprietary trading firm is never simple, regardless of whether you are a novice or an expert. Comparing them is the most efficient approach.
So, watch the video till the end and let me know your thoughts in the comments.
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