prop firms are something that appeal to me.... might be wise to research them first...... while i have not had any negative issues, some traders seem to have..... so choose wisely.....
know that you can pass before you start..... don't think you can pass, know you can pass.....
make sure the challenge has no time limit.....
make sure they have a fast reliable payout method in place.....
don't even think about cheating.....
trade reasonable lot sizes..... something you would trade in a real oanda account of same size..... remember, no time limit.....
have some in-depth written down rules...... better still, have them in mq4/5 code in indicator form..... wait for the daily and weekly trends to favor your rules..... then start().....
//------
please allow me to use myfundedfx in this example...... a 100k challenge runs 500$ and quite often there are discounts.....
focusing only on the 500$ cost, i compared that to my past losses of 500$ or more..... over the years there have been many..... too many..... so even if i did lose the challenge, it would be nothing more than another 500$ loss.....
once/if funded continue with same lot size or smaller..... the chart below is a simulated funded 100k account, meaning it pays..... do the math..... you can clearly see my lot size is around 0.02...... on a 100k account.....
above all..... don't think you can pass, know you can pass..... then pass......h
//----
