Forex investment experience sharing, Forex account managed and trading.
MAM | PAMM | POA.
Forex prop firm | Asset management company | Personal large funds.
Formal starting from $500,000, test starting from $50,000.
Profits are shared by half (50%), and losses are shared by a quarter (25%).
Forex multi-account manager Z-X-N
Accepts global forex account operation, investment, and trading
Assists family office investment and autonomous management
Forex proprietary trading firms do not need to be licensed, so they are generally not regulated.
Strictly speaking, Forex proprietary firms do not provide financial services, but rather trade with their own funds. Since there are no regulatory requirements, they do not need to be licensed. In addition, Forex proprietary firms themselves do not usually require any special education or previous experience, and they only focus on the profitability of Forex traders. In theory, any Forex trader can join a Forex proprietary firm. However, in practice, few traders have the necessary skills required to be consistently profitable.
Therefore, it is highly recommended that Forex traders gain extensive investment trading experience and are confident that they can be consistently profitable before considering joining a Forex proprietary firm. Only when these skills are acquired can a trader consider becoming a professional proprietary firm Forex trader. In addition, Forex proprietary firms have almost no restrictions on the trading hours for Forex traders. Although some Forex proprietary firms prohibit trading around major news events and require positions to be closed overnight or before the weekend, not all Forex proprietary firms have these restrictions. Forex traders can trade freely at any time and decide how much time to spend on trading, which is one of the main advantages of online trading.
Forex proprietary companies provide forex traders with the opportunity to realize their dreams, but traders still need to invest time in investment trading.
If you want to succeed, traders may need to spend a lot of time. Some intraday forex traders complain about staring at the browser for a long time every day, and forex algorithmic trading can reduce the burden to a certain extent. However, traders need to learn to automate transactions first, and then spend time testing and adjusting algorithms. In short, becoming a trader in a forex proprietary company does not mean that you can easily make money lying down, and you still need to work hard.
During holidays, whether traders rest and how long they rest mainly depends on their own arrangements. Except for the virtual currency market, most markets are closed on weekends. Traders can usually rest on Saturdays and Sundays, but they still need to pay attention to important weekend news to avoid affecting the market judgment of the new trading week. Markets are closed on major holidays such as Christmas, but the global nature of the forex market means that even during holidays, markets in some regions are still open, but trading volume is low and trading activity is reduced, so traders can take a proper break after work. Whether to take a vacation is also up to the trader himself, but some companies will set profit targets or minimum trading days, and traders need to understand the company's rules before deciding whether to suspend trading.
For traders in forex proprietary companies and traders who work from home, how to balance work and life is a problem. If no one asks, it is difficult for the company to force traders to work, and such traders may be more suitable for regular work. On the contrary, diligent traders may neglect their lives due to excessive work, and even affect their relationships with family and friends. Working from home may also disrupt traders' sleep and work schedules, leading to late nights. Therefore, successful forex investment traders need to maintain a high degree of self-discipline, set a strict schedule, arrange work, rest and social time reasonably, and strictly follow it to ensure mental health and good social relationships while achieving results.
In a proprietary forex firm, external forex traders usually do not receive a fixed salary, but rather receive income based on a profit sharing mechanism.
Traders are usually able to receive a considerable share of the profits, up to 80%, and in certain cases, even higher. Therefore, the profit sharing ratio is a key consideration when choosing a proprietary forex firm. Generally speaking, proprietary forex firms will pay traders a portion of their profits on a fixed basis, such as weekly, biweekly or monthly. However, for short-term forex traders, success is not easy, and traders who can receive short-term payments are even rarer.
On the positive side, there is no upper limit to the amount of money that a forex trader can earn. Of course, the actual profit will be limited by the amount of money in the trader's account, and it will also depend on the number of successful or unsuccessful trades that the trader has made. However, there are still opportunities for traders to increase their profits, especially if the proprietary forex firm offers an adjustable plan to increase the account limit for high-performing traders.
On the negative side, there is no limit to how much a Forex trader can earn. At the end of the month, there is no guarantee that they will have enough money to buy food or pay bills. Although they will not lose money if their proprietary trading fails, they will lose their funded account and have to start over again.
To sum up, to become an external Forex trader for a proprietary Forex firm, traders need to ensure that their trading is successful and preferably have some savings for emergencies.
Whether you are suitable to become an external Forex trader for a proprietary Forex firm depends on your personality traits and the size of your capital.
Disciplined traders are more likely to generate consistent and stable profits in proprietary trading. This means that traders need to develop a profitable strategy and stick to it. If the strategy deviates, the trading results will be damaged, and some proprietary firms will even directly prohibit traders from straying too far from the established strategy.
Risk management is an inevitable part of forex trading, and traders need to know how to manage these risks. They need to know how much money they are risking and decide if the potential profit is worth the risk. Since traders are using the company's money, they may not be careful enough in risk control. But if there is no profit, the trader will lose the company's funded account sooner or later. Risk management becomes even more important considering that proprietary companies usually limit the amount of money a trader can lose.
In addition, the mental toughness and emotional control of forex traders are also crucial. Proprietary trading is not for the faint of heart. Whether the trade is going well or badly, traders need to be able to control their emotions and stay calm. However, this is not easy to do. Staring at the screen for a long time may have a negative impact on the trader's mental health. Consecutive losses may cause traders to be depressed and make worse decisions. Therefore, traders need to learn to stay calm, control their emotions and thoughts, and find effective ways to relax and decompress.
In conclusion, if the trader is a self-disciplined and determined person, then forex proprietary trading may be a good career choice. If the trader does not have these qualities, proprietary trading may not be suitable for them.
Forex traders should learn and master trading skills before considering joining a Forex proprietary firm.
At a minimum, traders should first hone their skills on a demo account, although it is best to then trade with a live account and earn consistent returns. Most Forex traders do not consider online Forex proprietary trading as a real job. This can make it difficult for traders to continue Forex trading as a regular job if they decide to quit trading or find other sources of income. Forex proprietary firms do not usually factor a Forex trader's experience as a proprietary trader into their hiring decisions. Not to mention that a Forex trader's skills are highly specialized and difficult to find other uses for outside of their profession.
An external Forex trader at a Forex proprietary firm does not have a straight career path. There is no opportunity for a trader to move up the ladder because there are no higher positions to move up to. Strictly speaking, a beginner Forex trader is in the same position as a Forex trader with ten years of experience. If you are a successful proprietary trader, you will be doing the same thing in ten years as you did at the beginning of your career. You may have only become more professional and made more money than when you started your career. You will not be promoted or have a new career path. Therefore, you should decide whether you can accept this fact and truth.
While classic proprietary firms offer regular jobs, online proprietary trading is far from a real job. Forex proprietary trading has the potential to generate high profits, but the specific profits depend only on the trader. Traders have almost complete control over their working hours and how they work. However, it does not provide a stable income, promotion opportunities, or enhance the resume of traders when applying for regular jobs. Traders need to decide whether the positive effects outweigh the negative effects.
13711580480@139.com
+86 137 1158 0480
+86 137 1158 0480
+86 137 1158 0480
Mr. Zhang
China · Guangzhou