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Unethical Forex Proprietary Firms put time limits on Forex Trader Challenges to increase the number of failed Forex Traders, as traders who rush tend not to win.

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Any professional Forex investor will tell you that it is impossible to guarantee a good month or quarter. It is unrealistic to expect a Forex investment to be profitable in 20 days, which incentivizes Forex investors to use high-risk leverage. Forex Proprietary Firms know that this time pressure, combined with the incentive to abandon leverage risk management, is enough to push Forex investors over the edge and cause Forex investors to fail.
Forex Proprietary Firms that operate in this way are funding Forex Traders on a demo account. Therefore, when a Forex Trader has a funded account, they appear to be spending the company's money, but in fact, it is not, it is just a demo account. However, when the Forex Trader fails the challenge and does not receive support funds, the Forex Trader's challenge fee becomes the company's profit! These proprietary brokers are unethical and purposely do not align their interests with the traders, but rather the opposite.
However, some proprietary brokers provide real capital to the traders, meaning they only make money when the traders are funded and make a profit. The income of these proprietary brokers is generated through profit sharing with profitable traders. Real proprietary brokers usually do not set time limits for the traders, because they know that time limits will cause more traders to fail than reward profitable traders.

Time limits on proprietary broker trading challenges can be very dangerous for the traders.

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Time limits, whether self-imposed by the traders or imposed by the proprietary brokers, usually lead to many mistakes and substandard trades. The Forex trading market cannot be timed and the traders have no control over the market. Market patterns include trending markets, range-bound markets, and everything in between. If a forex trader's strategy only works in a trending market, and the market does not trend for two weeks, how can the forex trader make a profit in those two weeks? It is impossible, and this is common sense in forex trading. This time limit is actually a disguised way for forex proprietary companies to force forex traders to trade beyond common sense.
Forex proprietary companies use time limits to force forex traders to trade, with the goal of disrupting their mature trading strategies and leaving them with no time to execute their accustomed successful strategies. The increased time pressure often causes forex traders to make sub-par trades, as well as trades that they would normally avoid. Without time pressure, forex traders would not make bad trades because they would follow their trading plans instead of losing.

Forex traders can usually reduce potential losses if they can continue to hold trading positions or positions.

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However, time limits in forex proprietary company rules often force forex traders to abandon good risk management and shorten the time of favorable trades. This is not something that foreign exchange traders are willing to do, but rather out of fear of the rules of the foreign exchange proprietary company. Foreign exchange traders usually know that this may be the only trade they can make in the remaining trading challenge time window. Although holding a position is conducive to success, the rules require that the position must be closed on the same day. In this case, foreign exchange traders tend to put risk management aside and hope for the best, even if they don’t make money, at least they don’t lose money. Otherwise, they may challenge out directly. This is the same as the short-term and stop-loss concept that traditional foreign exchange brokers have always advocated. Only by seeing through that short-term plus stop-loss is beneficial to traditional foreign exchange brokers rather than foreign exchange traders can we truly understand the mystery.
Time pressure will also cause foreign exchange traders to increase risks in their transactions. This increase in risk level will eventually lead to greater losses, and the emotional pressure brought by greater losses will also be felt by foreign exchange traders. In the end, failure becomes inevitable.
All these factors will eventually lead to more foreign exchange traders failing in the challenges of foreign exchange proprietary companies and thus not receiving funding. This is unfortunate, because some of these forex traders can actually make money with their own capital and experience if they are on a traditional forex broker platform. But under the strict time pressure on some online forex proprietary companies' platforms, they are doomed to fail.
At this moment, even if forex traders have great hostility towards traditional brokers, they will be relieved instantly, and even feel that traditional forex brokers may have many rules that forex traders hate, such as widening slippage, but traditional forex brokers do not have trap-like rules and restrictions such as having to close positions on the same day and the stop loss rate cannot be higher than 2%. From this perspective, traditional forex brokers do not seem to be so bad.

Debunking the myth of forex proprietary companies: A sea of ​​misinformation leads to information overload.

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With the rapid growth of the forex proprietary company industry, the field is now flooded with a lot of misinformation and content, mostly from inexperienced forex traders. For experienced Forex traders or those who are familiar with how the industry works, these misinformation may be easy to ignore. However, many new Forex traders may be misled into believing a lot of misinformation, which can greatly affect their experience with Forex proprietary firms. Some successful Forex proprietary firms have been in the industry for many years and feel that they have a responsibility to dispel these myths that are widely spread online.
Not all Forex proprietary firms are scams. Like all industries, there are indeed some Forex proprietary firms that use virtual, paper, non-real money accounts to deceive traders and survive mainly by charging registration fees, exam fees, challenge fees, etc. But there are also Forex proprietary firms that offer real trading capital accounts. They have many years of experience in the industry and are very suitable for experienced Forex traders with limited funds.
Many Forex proprietary firms will put Forex traders in demo accounts, regardless of whether they are profitable or not, without access to real liquidity in the Forex market. These companies are actually operating game accounts and earning income through challenge fees from failed Forex traders, rather than by helping profitable Forex traders succeed and sharing profits.

Forex proprietary companies that provide demo-funded accounts to Forex traders do not truly have the Forex traders' best interests at heart.

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If a Forex proprietary company earns challenge fees, registration fees, exam fees, etc. only through Forex traders' failed challenges, then it is in the best interest of the company for Forex traders to fail as many challenges as possible. However, this model is unsustainable in the long run. Once profitable Forex traders continue to churn away and new Forex traders cannot continue to join, then the challenge fees, registration fees, exam fees, etc. will dry up. From this perspective, this model not only harms Forex traders, but also the Forex proprietary companies themselves.
In contrast, only those Forex proprietary companies that provide real funds to Forex traders have a real future. Because these companies profit from the withdrawals of profitable Forex traders through profit sharing, their goals are completely consistent with those of Forex traders. This means that a Forex proprietary company that provides real funds will provide fair trading conditions, professional mentors, and a range of tools to help Forex investment traders truly succeed.
Many Forex investment traders have failed in Forex proprietary companies with virtual, paper accounts, just as many Forex investment traders have failed to make profits in the financial markets. However, not all Forex investment traders will fail. The key is to choose a suitable Forex proprietary company with a high pass rate to cooperate with.

13711580480@139.com

+86 137 1158 0480

+86 137 1158 0480

+86 137 1158 0480

Mr. Zhang

China · Guangzhou