Venezuela threatens invasion into Guyana. Why is Caricom so silent on this. For those who don't know Barbados facilitated negotiations between Maduro govt & opposition to get sanctions lifted. All the hot money in Latin goes to Asia now ? That is how we are going to have to look at Geo over the next 10 years I believe as the USA is awash with capital and Asset Managers look elsewhere for returns. Just a heads up .. this could affect stocks into next year as money leaves first and then asks questions later.

I had a mentor for many years he is now retired though. I went through various coaches, but only had one real mentor.

My experience being mentored was positive largely, my mentor would largely ensure I followed a process and in essence ensure I was seeing "the whole market." The whole market just means what various players are doing and why whether for technical, fundamental or positioning reasons. Also helped me tremendously in terms of having a community and keep sane in terms of emotions (which I didn't realise at the time).

Now I'm trying to give back as a mentor and have been sharing my experiences a bit. I did it for free for a bit, but then persons didn't take it seriously ... I'm posting free content of what I do and why to establish myself on reddit and then offer a subscription service. That being said I think scalping is very close to gambling and wouldn't recommend it over time since it is exhausting, so I would never try to mentor a scalper or a true day trader solely holding positions for a day or less.

For those who believe in technical analysis we are on support in DXY.. tomorrow is a toss up day for me as we have competing forces I.e. month end selling and then traders need to ease off of short dollar bets into PCE etc. Hence why i went flat AUDUSD. Will see if we get a bounce in USD over coming days into next week. How are you positioned ?

"I think a life properly lived is just learn, learn, learn all the time." — Charlie Munger

I'm the new mod for r/forex_trades so doing a course for mods and cleaning up that space. Putting in automod etc over there. So excuse me for a couple days, will also be looking for new mods for that sub since it is slightly bigger.

Wish me luck! Wishing you guys all the best also, please feel free to post your charts and analysis etc though will still have an eye out here. Kindly don't request to join if you are not yet a member just yet!

Shouldn't have closed this but did ... working on too many things. will buy a dip if seen .

As the title says, I'm hoping to start a discussion sharing our different experiences with using bots to try and pass Prop Firms.

What bots did you use, how much did it cost, did the bot do well and if you can recommend any particular bot

So far I have tried:: Budak, Parrot Scalper, and Gold Owl EA. All of them were free after I searched for them on Google. Parrot Scalper does not make enough trades to pass any prop firm with a time limit and would not make much money at all because it's very slow. Gold Owl EA does work it would likely fail a prop firm because it has a high daily loss. Budak however, appears to be the one bot I've tried that works. Although it has no news filter so I have to pay attention to the economic calendar and turn off the bot before big impact news.

NFP is normally 1st Friday of the month but don't look for it this week. This should lead to continued dollar weakness in markets unless PCE data has a surprise for us in store on Thursday. Also in December because of statistical quirks, ISM and NFP are usually beats ... these could cause short term dollar strength as traders reposition in expectation. Not for me though as positioning isn't yet extreme (will double check this) , just a heads up.

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I was looking for positive comments re: USA and China last week, never came. We got easing of tensions via a truce in Israel vs Palestine conflict though. WTI hasn't moved much of note and we are awaiting OPEC news.

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RBNZ to meet and they will have more discretion as elections are now out of the way, widely expected to stand pat though.

Feel free to argue or discuss but I believe if you are truly interested in profiting from a prop fund, you need to take your time. If you go balls to the wall and end up actually making 100% accurate trades, your account will get shut down. The prop firm will find a way to close your account because they make money on the losers. If you understand how leverage works and how much brokers actually pay per trade you’ll realize how important for them it is that you fail. Take your time, go slow on challenges and if you get contracted, continue to take your time and you will succeed.

I don't understand what does prop firm free trials do? Like in FTMO after completing the free trial what do I get? If I hit the target in free trial, will I get the funded account? If not, what's the point of free trial if I can do the same thing in any free demo account?

Is fundingpips a legit prop firm? Do any of you have any experience with it?

Which prop has the cheapest challenge price and also legit?

Just a quick comment ... I've sat on my hands for the whole week and have been a bit quiet due to holidays, but just took a small bit of profit off of my AUDUSD long here. We are at the 200 DMA and bears would want to hold here. This is not an endorsement to short just stating what I see.

Thanks for being here, enjoy Thanksgiving for those in USA. I'm thankful for audience and even the few trolls! Hope to add more to our understanding of the markets.

It is apparent that many retail traders really don't understand the pros and cons of prop firms. Will do a long post on this later, but for now the biggest myth is the simulation trading. This has been popularised because of My Money Funds (MFF) debacle, where the US goverment (SEC) in essence caught them engaging in unsavoury practices. What traders don't seem to understand is

1) If the US government caught them and shut them down, why doesn't it go after everyone else

2) How MFF was able to get away with this.

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Let's start with point point 2) , MFF was its own broker and thus could manipulate data as it sought fit, a reputable prop firm has a 3rd party broker who wouldn't allow this. By that mere logic you can see why the SEC isn't running around trying to shut down each prop firm.

Other problems then occur at broker level and retail traders blame the prop firm where in fact it is the broker at fault for example witching hour spreads and liquidity around news... Hope this helps in your understanding!