#515: Prop Firms Have Been a Game Changer

Prop Firms Have Been a Game Changer  Podcast: Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Find out more about FX2Funding - Click Here #515: Prop Firms Have Been a Game Changer In this video: 00:30 – Why Prop Firms?  01:10 – Most people lack the funds to trade full time 02:02 – FX2Funding as a Prop firm  02:27 – Traders making excellent gains trading on Prop firms   03:48 – My risk per trade is 0.25% 04:38 – No time limit 05:21 – Blueberry Markets 05:41 – Comments and Suggestions for future videos and podcasts  Prop firms have been an absolute game changer for us as Forex Traders over the last few years. Let me explain how you can use prop firms to your advantage and make some substantial returns. Let's get into that more. Right now. Hey there, traders! It's Andrew Mitchem here at the Forex Trading Coach with video and podcast number 515. Why Prop Firms?  Today I wanted to explain all about prop firms, what they are good ones, maybe not so good ones, and how you can take advantage of them to substantially increase your returns that you make from the Forex market. So the good things with prop firms is you're able to go to them and prove to them that you can try. Now, of course, you've got to be able to trade properly first within their criteria. So you have to have a strategy and be a good trader before you do that. So don't just watch this and go and jump into a prop firm because more than likely going to lose money. But what you should do is learn how to trade properly first. And of course, we can help you with that. Most people lack the funds to trade full time But the traditional issue that so many people have is even if they can trade properly, they've not had substantial capital or funds available to them themselves to be able to make good enough returns from the forex market in order to maybe use the forex market as a full time income. Now, let's say you know how to trade and you're making I'm going to pick some figures, let's say 50% return per year, but with very low drawdown. That's absolutely incredible. And does almost any other investment out there, let's say you only had $10,000 in your own personal account. Well, fantastically, you made $5,000. But of course, in most places around the world, that $5,000 is not gonna get you very far in terms of being able to live and survive. So that has always become the issue. FX2Funding as a Prop firm  Now with prop firms, of course, there are good and there are not so good prop firms. And I'm going to put a link here to FX2Funding who I think are very good prop firm and other prop firms are starting to catch up with some of the rules and criteria that FX2Funding have brought in which I think again, is a bit of a game changer. So I'm not suggesting you should only go to them. Have a look around, do your own due diligence. Traders making excellent gains trading on Prop firms   But we have a lot of our clients here at the Forex Trading Coach doing incredibly well through prop firms. And just last week we had a client who's up passed the challenge stage with a new prop firm and now is on $100,000 live and has passed the 10% profit on that on an 80/20 profit share. He's just picked up $8,000 not even his money. It may have cost him $500 to start a challenge and now he's moving on to the next level. We also have a number of clients who have been through prop firms and with prop firms for quite some time, and a number of them are opening up new prop firms account every week or every few weeks and have multiple prop firm accounts, all running all at different stages of length of time that they've been with them. And I can tell you they are making some crazy, crazy personal returns. Now, does every single prop firm challenge that you take pass? No, of course not.