Hello everyone regards PROP TRADING I AM NEW TO CURRENCY TRADING

No worries, glad to help when I can.

Since my FTMO account isn’t a swing account all my trades take place with-in a weeks time. I have to have all my positions closed by end of trading day Friday. They have accounts now that you can hold over the weekend, it’s called their swing account.

I have a thread with how I trade, but I’ll also do a breakdown of it a little later this evening(about to head out the door again). But I also work off support and resistance along with accumulation areas. My style has evolved our time from where I begun. It’s a little more discretionary than most.

One of the main points for me as well was trading someone’s else’s money. Why trade mine when I can make money trading another firms money along with having a bigger account than I would start with as well.

I do want to start my own personal account once I have a $100k saved up. Cause you just never know when someone is going to fold up shop, then I would be left in the wind if I didn’t have a contingency plan.

This is the only time I’ll respond. @tradecode

Your example of a car dealership is totally different than what you’re asking. A car is a product you’re buying and like everyone should look into the history of the car as to know if it’s a good car or not. You’re not asking that, you’re asking for someone’s personal finance data which is why I’m guarded. And just out of sheer principle I will not prove or feel the need to prove anything to you.

And a few minutes of reading through the internet and you would know that the MaverickFX is a tough company that maybe a little fishy. Not the same business models. As MaverickFX requires a much larger fee and smaller capital at the beginning to work from.

And even in your own argument you show how little you know about their rules. You literally said their rules are so tricky then right after you say “I don’t know the current FTMO rules are”. Such a contradiction of your own argument. Then you went into a rule for another trading company not even FTMO,

And also understanding the rules is easy, passing it is tougher. You think they just give anyone that comes along and says they’re a trader an account. Even your example of MaverickFX doesn’t do that but of course you don’t know that since you also said you haven’t checked up on then in a while as well.

Also you are allowed to have trades open during a major news event. There are two account types.
The normal account: you can have trades open during news, I have even posted, that I trade during NFP. But you are not allowed to open any new positions 2 minutes before and after a major news release.
Their swing account allows all of that. But wouldn’t know since you admitted to not knowing their rules.

Then you ask the question “who decides what a major news event is” . The market does, and then you also show your obvious lack of why they don’t want traders trading during news. It’s due to the fact that how volatile the market is when major news is released. If you don’t know what news is considered major, since you obviously don’t as well. Check out babypips.com they have economic calender, it’ll help you get started with that.

My trades are posted through the week at the entry of my trades before the moves are made, win or loss. You can literally go through the thread and see the time stamps. Also it’s not my fault you can’t read a tradingview chart. The graphs you can’t read seem to work for everyone else. And if you can’t read them I’ll even help you read them.

Then I post what I call a weekly roundup with all the trades I opened through the week and how they finished along with the journal. You can’t post anymore transparent.

So I usually don’t respond to things like this but you seem to have it out for traders that are doing ok (and I say ok lightly) cause maybe you’re not that good and haven’t made money or whatever the reason maybe. And then you hide that under your flag of doing due diligence. You’ve shown that you actually don’t do your due diligence in your own voice message there.

I won’t respond like this again and if this continues I will get the mods involved. So I think it’s best you keep my name off your post and out of your mouth and I’ll do the same.

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Also to the OP, sorry for turning your thread into what it is. Feel free to do whatever you feel is best.

i looked thru several weeks of your posts and i was unable to see where you openly declare your trades.

would you mind showing to us your current trades?

kind regards.

Here’s the original post. Take a look at the time stamps at the top right of post.

Then just scroll down a few more and you’ll see the result of said trade.

For each trade I post where I enter and my targets and my SL. It’s done for all of them, literally. The green area is the direction I want the price to go, top of the green is my Full TP, and most of the time I mark where I’ll take partial profits. The red is negative and the end of the red is where my stop-loss is.

Then at the end of the week I make one big post with all my charts and trades and how they finished out.

i still can not see where you post a trade before it plays out.

maybe i am blind.

and hey, those charts that you post are so fuzzy that i cant read the text on them.

regards.

Why do you keep harassing members for their personal details? What gives you the right to demand personal details from any forum member?

Mods, can we please have this troll banned or something. It’d make sense to go after a member if he were soliciting or selling services. This guy is just going after people with unsubstatiated claims now.

Where’s evidence of your due diligence? Evidence of fraud perpetuated by FTMO and Alg? Put those up first and be transparent with your claims.

go ahead.

i only asked if he could point me to where he documents his trades as he places them, as he claims to do.

it is no problem for me if he doesnt want to do this.

no skin off my nose.

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Proper evidence. Not some audio of you ranting on and on.

Give up proper evidence of fraud perpetuated by FTMO. Preferably substatiated by proper evidence that can be examined in public. Where is the evidence of your due diligence.

i am conducting my due diligence regarding the company of FTMO.

sometimes, instead of looking for hard evidence of fraud, sometime one might look for evidence that would show the company to be credible.

i have never seen any documentation from any FTMO trader that shows any kind of monies earned from this company.

i only get a bunch of fluffy words.

its ok with me.

these testimonial videos on youtube are so purely outrageous, they remind me of a cross between a timeshare salesman and a fast talking used car salesman.

I have and it’s not our fault you can’t read a chart. They’re not fuzzy when you click on them. Unless you have a slow internet connection. So not sure what to tell you from here, maybe you’ll figure it out. But all my trades are literally called before the moves are made. It is right there in the thread.

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You have no evidence. None whatsoever.

Your record of due diligence is to harass well-meaning members for their personal records, none of which you have the right or authority to demand.

A fraud in this case is where an entity fails to deliver on it’s promised services? You’re the one claiming the fraud, so where’s your evidence that FTMO has defrauded other entities?

Is this the extent of your evidence? What about evidence of individuals getting defrauded?

sure enough, i was looking at it wrong.

my bad.

either way, enjoy your trading.

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No you’re not. You’re harassing one member over and over. You’ve made a lot of unsubstatiated claims about Alg626 not trading for FTMO and have disparaged him in public, all because he refuses to give you personal details, of which he has every right not to.

A used car salesman works for the dealership. Alg626 doesn’t and is using his experience on working with FTMO to educate the larger forum, including the limitations he’s faced with not being able to open over weekends.

You, on the other hand, have absolutely nothing to show for your claims. You haven’t done any due diligence on FTMO or have evidence of any of the allegations you’ve put out.

And you as well, good luck and take care.

hello darthdimsky,

i see in your profile that you are trading a demo account.

what is your current plan to make the transition to trading live.

fyi, i have been trading live for 17 years and i have been a software and hardware engineer for 38 years.

my best wishes to you.

ftmo is a criminal scam. it has no way to show that it really has live traders.

ftmo does not have any live traders.

ftmo collects fees from unsuspecting newbies and gives them nothing.

if ftmo was a legit company and i am not on target about this, you would be able to demonstrate this to me.

good day.

That’s none of our business and that has no relevance to this topic or your allegations.

Your purported experience in trading and software/hardware engineering clearly doesn’t help determine what a fraud is, how due diligence is conducted and how to put up evidence for those alleged claims.