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Search: Posts Made By: xplorer

Forum: Traders Hideout

June 13th, 2018, 06:46 AM

Replies: 14

Definition of a prop firm

Views: 4,338

Posted By xplorer

Clarification

In light of some recent conversations with some FIO members I want to clarify:

with the quote above I never meant to say that firms that offer purely training services are not legitimate.

My...

Forum: Traders Hideout

June 9th, 2018, 05:09 PM

Replies: 14

Definition of a prop firm

Views: 4,338

Posted By xplorer

I agree. For me it's all about the business...

I agree. For me it's all about the business model.

My point is, if an organization offers training as a parallel service to their trading arm, then it's acceptable to call them a prop firm,...

Forum: Traders Hideout

June 9th, 2018, 03:51 AM

Replies: 14

Definition of a prop firm

Views: 4,338

Posted By xplorer

Thanks Matt, well, if they provide unpaid...

Thanks Matt, well, if they provide unpaid training then they would be legit prop firms in my mind.

Forum: Traders Hideout

June 9th, 2018, 03:49 AM

Replies: 14

Definition of a prop firm

Views: 4,338

Posted By xplorer

Thanks shodson. I see what you are saying. ...

Thanks shodson. I see what you are saying.

My point is this:

1) I presume that any such firm is going to give you an account of their money to trade provided you have demonstrated...

Forum: Traders Hideout

June 9th, 2018, 03:29 AM

Replies: 14

Definition of a prop firm

Views: 4,338

Posted By xplorer

I actually did not have those firms in mind, for...

I actually did not have those firms in mind, for two reasons:

1) if they do, in fact, have long-term traders that have passed their criteria and are being funded with a profit split, in my mind...

Forum: Traders Hideout

June 7th, 2018, 05:56 AM

Replies: 14

Definition of a prop firm

Views: 4,338

Posted By xplorer

Definition of a prop firm

I would like to try and clear some confusion when looking for the term "Prop trading firm".

In my mind, any proprietary trading firm is one that gets people on board to trade their (meaning the...

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What unexpected challenges have you encountered while trading on a "Funded Trader" platform?

Limited trading instruments
High platform usage fees
Lack of support or mentorship
Unrealistic rules and requirements
No significant challenges
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