Feshizzy: Someone whose name na savage bet message touch your heart? Smh.
Off course if you have done research on prop, this is not new news at all, 95% of trader fail fx, that's the statistics and that's why prop with good intent can hardly close, Because there would be enough losers to balance the equation. And your live account is still demo, till dey a confident enough to copy your trades to their live account, You can have a 10k and be consistent for 6 months, they will instantly copy your next months trades to their live of about 500k or so, depending on the metrix of the best trader. That way they profit from winners as well as losers.
This information is not new for anyone who is serious about prop.
We even had this same discussion last year sef.
Lol it's funny cos I don't know what your intentions are referencing my handle tho. I haven't said anything negative here about Prop, I simply shared the business model for those in the dark about what Prop trading is incase newbies think prop trading is a shortcut to trading success of any kind, the allure of being handed a huge account to trade forgetting the costs.
What's that got to do with my handle? Why so sensitive?
Hi guys, this is an interesting read for those taking part in the FTMO challenge. Just a heads up. Now I don't know if anyone has posted anything similar here, if not then here you go.
1. Prop funds gives some client's accounts to trade when you pass challenge?
- No, they give their own accounts to trade which is directly connected to LP with 1:50 to 1:100 leverage and rules are somewhat strict that you can't trade during news, or can't hold during weekends or can't blow your account below 10% of equity and just 1 mistakes and they takes back account from you without any warning.
2. How they get funds which they are giving you to trade once you pass the challenge?
- It's you and other users like yours who are losing or gaining during challenge is the main source of their funding and below in detail I explain how.
3. Do they them selves a brokerage?
- Yes and No If they say they are a brokers then they have to go through lots of process of obtaining a legal license and also competing other thousands of brokers and this makes their business unsustainable, so now? They run their brokerage on the name of prop funds where you are asking you to trade their funds(actually it's your funds only) if you pass the challenge without being labeled as a broker but in their CRM backend they are directly connected with Liquidity providers who pays them if you win and they charge of you lose, and they are connected using MT4 bridge exactly same way as traditional brokers does
4. Now come to the Business Model (I am saying as I my self have run brokerage in the past but couldn't survive competition and so knows in detail).
- Generating a Funds : Now being a broker but front face as a prop funds FTMO and other same companies asking you guys to take a challenge where you have to pass 2 levels and then they gives you funds to trade, actually here is the trick - Lets say you paying $180 to $292 to $500 and up to $1200 for higher accounts for the challenge, now FTMO says this is a demo account but in reality its never a demo account but a Live Account connected to their own liquidity provider through MT4 Bridge, They ask their LP to set their leverage let say 1:20 to 1:30 and what they provide as a leverage is 1:100 to 1:500.
So think if on your account as per 1:100 loss is $500 same time FTMO have loss of $100. If you had taken a challenge of $180 still they makes $80 even if you don't win a Single trade.
Trick 2: Let's say you won trades worth $200 and as they are counting open loss + closed loss both as a daily and over all drawdown means they have earned already some $40 but you see $400 as your leverage higher but for you its a demo and for them its a real money what they pay you here? $0 as you are in the challenge and as you hit negative open + closed loss of $500 which is very easy for most traders to hit this loss, you are done and dusted what they have made from you? $80 + $40 just during the challenge time $120 this is from $10K challenge, other big account big money.
Final Trick : Let's say you are a too good trader and 0assed a challenge, so what happened they have already earned some $400 out of you during challenge it self and now they gives you Live account to trade, and again this account money if all belongs to those losers who are losing. (90% of traders lose in challenge as they have lots of pressure to keep drawdown below 5%.).
Now you are trading so called live account which you had traded before also during challenge but this time you and FTMO on 1:50 no difference in leverage if you make you make 70% and they make 30% and if you break a single rule again they close your account and you are forced to face challenges again by paying money
iamGholdaniel: I am angry right now, My brother’s wife is so full of pain, whenever she sight me. I don’t know where this hatred is coming from, today she did worst than before. a male friend visited, and I went to the kitchen to cook and serve him.
After my friend left she started ranting, and I shouted back at her.
She packed out my belongings , and she started throwing my bags and other stuffs outside. She locked the house entrance and left with the keys
I decided to stay calm and wait for my brother to come back.
Because everything my brother own, we both struggled for it.
Look at this outsider talking. If your brother get sense E go shock you. The moment a man married a woman everyone else automatically becomes third party.. It's people like you who destroy homes, better go and build your own home and leave her alone in peace.. You're an outsider, a third party in fact your being in that house in the first place is out of her own magnanimity. A husband is the Head of the home, the wife is the neck. Lukadiswan, dragging another woman's house with her, wait you even had the nerve to enter her kitchen to cook without her consent.. Oh wait you even received a first without her consent, my friend if you were my brother and tried it with my wife I'm kicking you out immediately, how you treat her now that I'm alive tells me how you'll treat her and my kids is I'm no more. Gadddemmm!!!
Yep..we never had a fight through 5 months, The sheediot woke up one morning and said god told her not to do again.. The same god that told her to go ahead and start in the first place? You see religious people? They are the worst to deal with in this life, they replace their brains with sand. I was like good riddance to bad rubbish.
Caveat.. That's the life of programmers... I'm sorry I can't explain why but when there's a project on ground it sort of becomes more important than anything else, me ex smashed my laptop in 2014 for the same reason... I haven't been in a relationship in years cos I don't trust myself to give that much time while I'm working on the things I'm working on now.. Advise : know what he's working on and try discussing his work with him.. For me that's the only thing that gets me talking.. From there you can digress into something else. Real men love a woman who can discuss his work.. We need someone to rant to about work.. If you can't be that person then you failed already, we're not ranting about work so you fix the challenge.. We just cool off tat way and most importantly we just need that reassuring voice saying "Don't worry everything will be alright, keep trying you'll get it soon"..
sagieramos: It does only for the moment but will cease after washing the mouth. As for those Indians that smells of garlic, it's cause by excessive sulfate in the gall due to over consumption of garlic. The same garlic in moderation can also eliminates most bacterias including those that causes body odour
You just put in the same clause there now, "Over consumption of garlic". Garlic is still the cause, unless you want to recommend a dosage.
I was heading south to the south west after a contract in a north central state. Towards the end of this contract I started a relationship with someone based in Northern state, did a Uturn and moved to the North instead.. Fast forward today... She's married to someone else.. And I'm here in the north lol.. No regrets.. Life goes on.
Michelle55: Please doctors in the house I need your help;
I noticed it first last year but I didn't pay attention to it thinking it was normal for one to be lightheaded after walking under the sun for a couple of minutes. Immediately it happened, I laid down on the bare floor like that till the sun goes down( I noticed peeps were shouting at my friend to do something to help me, I just signalled for her to let me be because I couldn't move a muscle so there's nothing she could have done to help me at that moment ).
Now the reason why I created this thread is that it repeated itself again today and it was sooo embarrassing because it happened in the market where I went to get some food items. Some market women had to empty chilled water on me from head to toe took me about 20minutes to get acquainted with my surroundings.
Meanwhile, while growing up I noticed my body doesn't fancy the sun that much but I thought as I get older, everything would have normalized. Please who has experienced this before and how did you overcome it? Doctors in the house, what could be the cause of it and the solutions? Thank you P.S: Someone said I have a light blood and pressure isn't good for me, please how true is that and can one be assumed to have a light blood (if there's any word like that)
You have a classic case of "HEAT STROKE". There are two types of great stroke, external heat stroke comes with sweating and every other thing you listed while classic heat stroke happens without sweating.. I'm my case my body itches like mad when I'm in the sun when its madness starts.
"recruited"? Come again, did he say "recruited"? He's an idiot, recruited by who? Too where? To do what? Since this protests started have you seen any form of leadership to say people were recruited? YOUTHS have just simply had enough.. Recruited my ass.
czarr: My biggest turn offs are:
Dark skin girls
bleached girls(looks dirty)
materialistic girls
social media attention seeking freaks
wig wearing girls
girls with body odour, mouth odour
nail polish /nail fixers(look like witches)
eyelash wearing girls.etc
list yours.
They all the same.. The worst are those that hide behind religion..
Idara1410: I cooked with 1500 naira � for all my single(s) and broke-lyn peeps, you can actually make a proper meal with 1500. Considering this Buhari economy I know things are hard. Have you tried cooking with 1500 naira ? Watch and see what meal 1500 naira can prepare �. • Please consider subscribing �. Thank you .
Lukadiswan!! YEYENATU!! You used money for pot of soup to cook one plate of whatever that LUBBISH is, you forget Buhari is still the president? Are you mad?
This is a proper list you TOZO ...................................................................... Goat meat 1/2 KG......................... 650 Golden Penny Wheat.................... 330 Ugwu/water leaves........................200 Palm oil..........................................100 Pepper /Seasoning /onion............100 Crayfish...........................................50 Mr Chef Salt................................... 70 .......................................... TOTAL.. 1500 ...................................................................... you're going back to your father's house.
Chinnybaby190: I have to create this accounts to post this. I want to leave my husband and our child behind. I want a divorce. I'm tired of the whole thing.
When the money was there, he only told me his plan after he, his elder brothers, mother have discussd and taken decision. After he made wrong decision, investment and lost everything, all his family members have left. Even his mother has given up on us. They see him now as my husband and my responsibility.
He took another little step and set up a betnija business which his brother was managing. Finnally, it's down.
Since his bet9ja business crumbled, he has been totally dependent on me. I basically foot everything in the house down to data and recharge card on his phone. The annoying part is that he no longer make effort to look for any job again. This man is intelligent, hard working but just of a sudden, I don't understand what is happening to him. His fighting spirit has died. He takes anything now. No pride, no ego.
I don't ever believe that one day my husband will be comfortably eating, watching movies and feel no shame in other people's house.
For more than 2 weeks now, we packed all our belongings to my Aunt's house because our rent expired. We practically stays here now, the whole thing is driving me crazy. I'm managing a small job with little salary, but he has nothing to contribute and he seems not borderd.
How can we stay here, eating their food and he's not feeling remores anymore. I've been giving him attitude since 3days now. I'm so exhausted in this marriage.
Please help. What should I do?
More experienced people in the house, please advise me as your daughter, sister, friend.
Instead of standing by him and talking his confidence back into him you wanna leave him down and dry. Wicked people.
1. The weather is more reliable than a woman. 2. The flip of a coin is more reliable than a woman. 3. You're more likely to predict when power will be restored than a woman's next move..
Terrible People... This year I have finally had it up to my neck with y'all..
capnies: Change your phone number now. But if any of them trace you and apologize you can forgive that one but for now they are yet to realize what they did to you if your story is true ooooo
Never earned a salary in my life, don't even know what it feels like... I grew up hating the idea of a party cheque..so it was straight to doing me. No disrespect to salary earners tho.
Divide your current salary by 43,800.048 minutes.. The answer is the present minute value of your time, "e shock you?"
owo8184: I am a young married man with 2 kids. The marriage is 6yrs now. Due to the situation of the country, we’ve not been staying together. I hustle in a University environment in one of the states in Southwest while she works as a freelance for some organizations in Lagos.
I normally come home (Lagos) on monthly basis. But during this lockdown, I have been in Lagos with my family.
Prior to our marriage, there is this guy she met when we had some misunderstanding. They started a date but later called it off when we settled. She didn’t give me the details but based on what I read on her phone back then, I knew they made out together. The said guy is now in Port Harcourt but I am aware he normally comes to Lagos.
Just today, I heard my wife giving someone a description of where they will meet somewhere in Agege (where she uses as her office). I was curious to know the person. I didn’t ask her because she would find a story to cover up. I found a way to check her phone and saw that her ex - the said guy was the one who called. May I say that we have fought over this guy several times even before and after our marriage. She won’t let this guy be in her past. She’s either calling the guy or the guy is calling her. This time, I chose not to raise my voice but monitor her closely. She left home for work today. I may not be able to give details but every surrounding clue indicates that my wife has a date today. She returned home and I found a way to check her whatsapp but alas she has deleted her chats with the guy.
Just this night again, she received a call from another man asking her when she would come to his office. She once told me that the man was asking her out. In all these, I want to believe my wife is up to something. Infidelity is the last I would accept in this marriage.
Should I confront her with all these observations? Please, I am confused.
Ehhmmm excuse me sir, over here sir, yes me, I got a question.. Ehnn please sir do you have a penis or a vagina? I'm just asking cos you stoopid ohhh. A real man will boss this shiiid, now git your asss up and quit whining like a lil biaachh. GADDAYUM !!
Which top notch music app do you know(not for streaming)... Apps I'm seeing these days are mostly wack..
Neutron music player Pro... Looks intimidating at first but once you configure it nicely (which is something audiophiles like, full) you'll never touch another music app... Especially when you've normalised all your tracks and configured your audio hardware settings in Neutron..
Lol exactly.. I remember my friend wanting to mess with my inear monitors.. When I told him the price went "wetin dem dey sell 500 naira for market?" showed him the receipt, dude went mute... There are some things only true audiophiles can understand, we hear sound differently, anything below standard is just torture.
I'm also an Audiophile and I don't give a damn bout cameras so far it's decent enough not to embarrass me outside... I'm pained when these people don't take stereo speakers with Dolby Atmos 5.1 or Dirac sound or Bose speakers seriously.. Me I'm tired or these 48mp and 64mp camera craze...
The thing weak me... Luckily one phone company seems to be listening now all their medium range phones all support hi res audio for starters but to get the others one gotta step up to flagships... Then with the right music apps and configurations then you got a killer sound... Power amp is a joke by the way... Lol.. Nice to meet a fellow audiophile