My conclusion of Prop Firms vs Personal Accounts : r/Forex - Reddit

After blowing it up multiple times, I found out about Prop Firms. After blowing a bunch of challenges, I finally started passing some and having better results. Then came the down hill …

1%
OFF

Prop Firm Vs Personal Accounf : R/Forex - Reddit

2 weeks from now

It's just a matter of scaling, if you risk 1% with a personal account but the prop firm has a 10% max drawdown then you risk 0.1% with the prop firm. This is where the (admittingly incorrect) …

reddit.com

5%
OFF

Prop Firm Or Live Account : R/Forex - Reddit

2 weeks from now

Always respect the probabilities. With prop firms, assuming you are a real good trader who have mastered risk management, emotions and discipline, you have less than 0.5% chances of …

reddit.com

80%
OFF

Use Own Live Account Or A Prop Firm : R/Forex - Reddit

2 weeks from now

Always personal account, if you do the math you are 50x more likely to make money on a personal funds than a prop firm, brokers report a 70-80% chance of losing, prop firms reports …

reddit.com

34%
OFF

Taxes Prop Firm Vs Own Account : R/FuturesTrading - Reddit

2 weeks from now

The brokerage also gives you an amount and then taxes are done on a 60/40 win loss. I have a prop firm account as well. If you don’t have an LLC for it you will pay roughly 34% in taxes …

reddit.com

FAQs about My conclusion of Prop Firms vs Personal Accounts : r/Forex - Reddit Coupon?

Should you choose a prop trading funded account or a personal forex account?

When choosing between a prop trading funded account and a personal Forex account, it's essential to weigh the pros and cons. Prop trading funded accounts, offered by proprietary trading firms, come with unique advantages and disadvantages that shape your trading experience. ...

Should you trade on Prop firm accounts?

Trading on prop firm accounts, traders train their mindsets to contain the drawdowns to below 10% and it becomes easier in the future to contain maximum drawdowns to practical levels of 20% or lesser (on own accounts). However, the only problem is the revenge trading aspect based on false hopes. ...

Should you invest in a prop firm?

Always respect the probabilities. With prop firms, assuming you are a real good trader who have mastered risk management, emotions and discipline, you have less than 0.5% chances of recovering the initial $600, keeping the funded account, making any profits and not ending up spending further on challenges after initial failures. ...

What are the benefits of a prop trading funded account?

• Access to more capital: One of the primary benefits of a prop trading funded account is the access to significantly more capital than what would be available in a personal account. This increased financial leverage can amplify potential profits. ...

Why should you choose a prop firm?

• Reduced personal risk: Prop firms often absorb a portion of the losses, reducing the financial risk on the individual trader. • Training and support: Many prop firms offer comprehensive training and support, helping traders enhance their skills and knowledge. ...

What is a prop firm?

Prop firms are not in the business of funding traders, they’re in the business of making a significant sum of money from people who cannot trade. Most of these firms are completely unregulated, especially in the fx market. These firms are ultimately counting on your failure for them to make a profit. ...