EVERYTHING about PROP FIRMS (3 years experience)
ฝัง
- เผยแพร่เมื่อ 12 มิ.ย. 2024
- Reviewing 12 prop firms after 3 years of prop firm experience.
🥷 True Forex Funds: bit.ly/TrueForexFundsRK
🥷 MyFundedFX: bit.ly/MyFundedFXrk
Prop firms mentioned-
prop firm: bit.ly/MyForexFundsRDK (5% OFF with my coupon code: Kimmelfx)
The Funded Trader: bit.ly/TheFundedTraderRK (10% OFF with code: KIMMEL)
FTMO: ftmo.com/en/
True Forex Funds: bit.ly/TrueForexFundsRK
E8: e8funding.com/
5ers: the5ers.com/
Ment Funding: www.mentfunding.com/
My Funded FX: bit.ly/MyFundedFXrk
Lark Funding: larkfunding.com
Funded Trading Plus: www.fundedtradingplus.com/
Funded Next: fundednext.com/
Smart Prop Trader: www.smartproptrader.com/
Google Drive: bit.ly/PropFirmSheets
I've had 3 years of experience looking into prop firms and understanding prop firms' business models. I have talked with prop firm CEOs, I have tried making deals with prop firms. I have tried prop firm challenges, I have passed prop firm challenges, and I have failed prop firm challenges. This video will include everything that is important to pick the prop firm that is right for you.
Broker that I use:
📊 Blueberry Markets - bit.ly/3IFpE6q (Optional 20% Bonus) (Excludes US and AUS residents)
⚠️ How the deposit bonus works: • Don't be FOOLED by the...
📈 Trading Platform - bit.ly/KimmelTV (30$ off with this link)
SOCIAL:
📸 Instagram - / kimmeltrading
🐤 Twitter - / kimmeltrading
⏳ TIMESTAMPS:
00:00 Intro
01:06 What Prop Firms I will review
02:20 Year they got released and why it is important
03:28 Profit Target/Drawdown Ratio and no time limit funding companies
04:51 Prop Firm Trifecta
05:25 Instant Funding Prop Firm Challenges
06:45 Best Prop Firm Profit Target/Drawdown Ratio
07:58 Drawdown Rules (Equity Based Drawdown is the new standard)
09:58 Relative Drawdown Rule
11:01 News Trading on Prop Firms
12:50 Commissions and Spreads, the real cost of trading
16:26 LEVERAGE! How much do you value your time?
21:26 The best prop firms (Reputation)
27:19 What I based reputation on?
28:36 What is the easiest prop firm challenge?
DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational and entertainment purposes ONLY. I'm simply documenting my trading journey so that you have the potential to take ideas and inspiration from the videos that may help you within your own journey. But remember, trading/investing of any kind involves risk. Your trading/investments are solely your responsibility.
The links above help me to keep creating content, they are affiliate links. Thank you!
#ForexTrading #ForexJourney #ForexTrader - บันเทิง
Lol, imagine an ICT student hearing you say 33mins is a long one.
Hahahah, 100% hahah
Lol
Hahaha😂😂😂
U know, right 😂😂
Funniest thing I’ve seen today
Very well done jimmy! the quality of the video and the depth you went in on the research is phenomenal, keep up the great work!!!
Thanks mate!!! I appreciate it
Appreciate you going the extra mile with this in-depth prop firm guide!!
You were the pioneer haha! Thank you!
Excellent delivery. I've finally understood leverage. Keep it up man
Thank you!!
What great and informative video, truly impressed! you covered everything and I loved that speech at the end👌
Thank you mate i really needed that info, now ill consider trying out for once and see. Appreciate your time making this for us newcomers 🙏🏻💐🤙🏻
First time I watch one of your videos, and I’m impressed with the clarity of your explanation. Valuable information for all of us 👍🏼
Thank you! 💪💪
I've watched numerous breakdowns concerning Prop firms and none has been this detailed and candid. Thanks, mate!
Love that!!
Mff rapid account
Why you consider it
@@Ak___47_ I don't consider it, it's trash
Man thank you!! my last 2 days of prop firm research wasn't close to the information in this video. Legendary brother appreciate it. Subcribed!
Great delivery….probably the best prop firm review analysis video out there right now
Thank you!
Hi Rafa!
Thank you for the video, it's really useful.
One thing I'm not agree with is what you mentioned about the time limit (@28:40). I think the fact you have to risk 2% or 2%+ to be able to pass a challenge (and by that bend your strategy) in a time limit is closer to a gambling. Also everyone can hit a 10% trade (and for the rest of the 9 day put 0.01 lot) but it doesn't mean they are constantly profitable. There are other swing strategies which gives you high strike rate, but 5% ish profit monthly .
Honestly, best real video about prop firm! Thank you!
Bruh you are really transparent about all these stuffs .Keep up the good work man
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Crystal clear and nothing more than the true nature of the business.
Good video.
Wow! This is indeed very insightful.
And I love your realistic views.
Thank you! 💪
I appreciate you sharing your opinions and the thoughts behind them. I may disagree (to some extent) with several of your points and conclusions -- but that's all good, as we simply have different objectives and perspectives. This video was good quality content and well worth my while to watch. Thanks 👍
thanks bro every pros and cons of this industry have been discussed 🙏
Thank you for this pure sincere precious knowledge keep it up..
one of the best detailed information from this videos. As i tried and doing some live and challenges acct it made to realized lot of potential areas to improve.. nice comparison
Love that! Thank you!
True dedication man showed in this video you're a G man 🚀💪🏻💙
Appreciate it mate!!
love the last part. A definite sub from me
Thank you so much. Kimmel.. I gain so much insight and clarity from your videos.
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Ill be using this video to share with people when i get asked a ton of questions. Thank you
Love that!
Love your work Rafael. Thank you
🙌🏿🙌🏿🙌🏿
Thank you so much for this content!
Another great video, you have covered everything I needed to know, thanks
Perfect!!!
thanks so much! please also review nations trading fx prop firm
Great info man. Could you do a review on Smart Funded Trader please?
Great video Rafael !!
Thank you Rafik!!!
Great video and really helpful to have all the data in one place (especially love the ss).
One topic, maybe for a followup vid would be scaling plans, and perhaps the cost to reward aspect. For example, 5ers 100k bootcamp challenge only costs €95 (it is 3 phases however) but can be scaled up to 4million.
Thanks again for the vid
Good idea!! I will implement that in a future follow up!
@@KimmelTrading also about hidden rules on most top prop firms.
5ers 100k bootcamp challenge is actually a 300 Euro program. Only the first 95 is payable upfront. The remainder is payable if you pass the three challenge stages. It's a great way to test your abilities without having to commit too much cash upfront.
@@Peter_Potato absolutely right!
Thanks a lot for your video. I got a real experienced analysis from you. I really appreciate this
Great Rant at the end!! Such wise words bro!!
Thank you!!
This was Educational.
Thank you!
💪🏿💪🏿💪🏿
Thank you brother for this ❤️
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Great content as usual! Thanks for the video 😉👌🏼
Great video.... A must watch for anyone considering prop.. I have yet to jump into the prop arena. It sorta reminds me of the binary options scam a few years back.. Not saying that's what it is, just my opinion. I appreciate you and the fact that you took the time to make this video.. Great stuff brother, keep it up..
Thank you Brian!! I don't think you need to worry like the binary options scam. It's a reliable business model that I believe is here to stay. If you have any more questions, let me know
Thanks a lot man, I really appreciate it.
Great advice.
Great content. Keep it up!
wonderful and solid brief, thanks bro, im considering MFF and TFT. cheers mate🎉
MFF mhhhh......
Thank you bro for this 👍
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Well done explaining it all Kimmel. We Thank you!
Thank you! 💪🏿
Nice Perfect and Thanks u so mch for detail explanations ur the best youtuber that actually explain about prop firms
Thank you!
Been funded with funding talent and now mff and I agree with you 💯 percent great video ! This will help a lot of ppl keep up the great work man
Yooo I understand it now..this video sent chills thru my body
Very informative, thanks for the video
🙌🏿🙌🏿🙌🏿
This was a really good video. Thanks.
Thank you!
Excellent video, earned my sub. keep it up
Thank you!!
An honest review. Thanks a lot
The best vid on the internet when comparing prop firms! Thanks for this bud
Thank you!
Very insightful video! 👌👍🏾
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nice work man ... keep it up !
Thank you!
Brilliant video Kimmel! Quite a few 'home truths' that traders need to hear 🙂
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great video man!
Thank you!
Hi Kimmel, Thank you for your detailed information about these prop firm, may I know if you would make a video about Fidelcrest, I would like to know more about it before joining their challenge.
Great video, thanks bro
Thank you!
You honestly gave this video a full review no holds barred😂❤love the content bro. It was really insightful.
Great vid!!!💯
Thank you!!
I like what My Funded FX and Big Pip funding are doing by having no time limit on the conventional two phase.
As to whether it's a sustainable business model remains to be seen but I certainly hope it will be. Life happens sometimes. It gives peace of mind.
Outside 1m accounts one phase challenges can do one. They essentially force you to build a buffer before you can really withdraw aka 2 phase with more restrictions.
Great vid bro
Thank you!
Excellent bro but I hope you will come again with this video after 3 months. Ratings may change, who knows. Ur info is valuable to us. Thanks
May be an idea!!
Fantastic! Thank u so much
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Hi Jimmy, thanks for the wonderful video. Do you know anything about the prop firm howtotrade ?
Good job man
Thank you!
Respect Man!
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Informative💯
Thank you!
Man, can you do a video on prop firms that offer stock trading?
Another great video
Thank you!
really great video, thank you very much
Thank you!
This is got to be one of the best videos on Prop firms hands down!
Thank you!! That was the goal!!
I think a real game changer will be when prop firms allow trading on Trading View, its so frustrating having to do your analysis on TV then execute on MT4 OR MT5....
The last part was crazy, thank you bro... I wasted too much time looking for alternatives only to hide my fear from losing a capital I don't own .
You have reset my mind about prop firms
That was the goal 💪🏿
Thanks for sharing
Great one
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good perspective ! May I ask you about consummate trader prop firm and also City trader Imperium prop firm? How is the reputation and your perspective? Can we believe them? thanks for the answer
Great video and very detailed! However I do have to disagree with what you mention about the 5ers (I am not funded with then tho). Slow is fast and fast is slow, there is nothing wrong with taking 6 months to get funded. In fact one of the biggest factors for traders to not be profitable is because they want it very quick and blow account after account. The chances of passing the challenges without time restrictions are much higher. If you are serious about trading and want to trade the rest of your life what is 6 months ? 1 year ? What if that is what you actually need to not blow and sustainable grow your account ? I personally think that nobody should be given a 6 figured account before trading and growing small 4 or 5 figure accounts. It is where the biggest growth and mistakes happens!
Keep smashing it !!
Thank you for your opinion Miguel! I respect it and I agree with some of what you are saying. The only reason we don't agree is that I personally don't mind blowing account after account (during challenges (which btw, doesn't happen hahaha)), because once I get the funding, I will switch the approach to something sustainable. In my mind, funded is what I take slow and steady, challenges I want it to be fast. I am at a point where I would not want to be 6 months trying to get funded, I would rather fail once in a while, but get there quicker. But once again, from your perspective, this is not sustainable, and I can agree looking at it from the outside.
I appreciate your comment and your perspective! All the best!
Thank you so much
Great video. Very informative. Can you please share the spreadsheet with us? Happy to use your affiliate links when I pull the trigger on a prop firm.
Yes, tomorrow morning i will put it in the description 💪🏿
awesome vid!
Thank you!
This is the best review video on prop firms that i have watched.
That was the goal, thank you!
i really would be more appreciative if u had an additional section on the comparison talking about if the funded company is more suitable for scalpers / day traders / swing traders , + since i am a scalper and i was planing to go for my forex fund challenge and the slippage is a real issue i will be looking for an alternative after i saw your video
FTMO or TFT are the best for scalping. The REAL BEST for scalping actually is True Forex Funds, but I am more hesitant to recommend :)
@@KimmelTrading TFT is the worst for scalping..please don't peddle TFT around. Worst live environment!
@@AnkitDasCo can u please tell me more about your opinion ? and is it from your own experience ? and what alternative would you suggest ?
@@newdemo5547 from experience TFT total cost for scalping is higher than any other prop firm. TFF has 7 usd commission but zero spreads. Whereas TFT has 5 commission 4-5 spread + slippage
all your points are real and make sense to take any challenge
Thank you!
I am with 5%ers and I am very happy with them, I want to try also with MFF
I love your watch man
Thank you!
Great video so much information is amazing! One question I have is when you are funded and trading the account for payouts, the 10% DD rule besides losing the account who takes care of the 10% loss? The prop firm? Thank you for the great work you bring to the community. Cheers.
Thank you! Yes, the prop firm takes the loss
Hi Kimmel, would like to know the suitable prop firm for trading indices, as i like the S&P500? Awesome video by the way.
Loved this yo! I'm getting funded with MFF this year, already documenting my ICT trading journey on my TH-cam channel 👍🏿 keep it up man 🎈
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@@KimmelTrading 🙏🏿
Man, I love this Video. You;'re AMAZING!!!!!!!!!!!!
Thank you! 👌👌👌
amazing video
Worderful video, really really helpful informations. Thanks a lot Kimmel! ❤ Have a nice day :)
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Well Well Well ... Done one of the best comparisons I've watched on TH-cam :::
Great Video. When i Saw """MFF/Slippage will drive you Crazy""" I was Like ""Amen Brother,Amen it does""
For me personally it's when the market closes and transitions into the Asian Sesion in case of MFF (and mostly NZD/AUD/JPY Pairs).
That’s normal on those pairs, because spreads go crazy. It’s just a every time I get tagged out of a trade
Good video. After watching this Iam in doubts if those firms actually hedge against the trades on the market with traders who got funded. What are your opinions?
Nice video Raju
Nice video as always. I think you are undervaluing the time limit. In your PT ratio you could include it like PT/DD*Time, because having a time constrain can be additional stress for the trader, it could change the way he sees the market as every day that passes means less time for it to achieve the PT. You say that taking 6 months to get 100K funding is not worth it, but on the contrary what if you take 6 challenges fails due to the time constrain.
6 months for 8% & 5% is concerning
@@urikatjiuongua6150 but are you completely sure that you will get it in 1 month? My point is that you don't need to be worried on that.
The best video on prop firms ever
That was the goal 💪🏿💪🏿
Shld also include trading into weekend..
Wow. Thanks for this valuable information. Without going through the trial and errors of these Prop Firms one will never know what they're getting themselves into. You basically putting it out there to school us on most of the pitfalls to avoid. As much as the leveraging of other people's money sound it's basically a setup to fail you as a trader. Guess I'll continue to trade independently using my funds and trading plan.
I have been trading forex for 15 years and loved the last 5 minutes of this video. Sometimes by shouting at people ( in a nice way ) is the only way to get your point across. Many will still not understand what you are telling them but they will over time if they survive the distance.
100%! Thank you! 💪🏿💪🏿