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How much is Think Markets minimum deposit in ZAR? Replied 8 months ago - they don't have a minimum deposit on their entry level account; their minimum withdrawal is $1
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May I know IC Markets minimum deposit in ZAR? Replied 8 months ago - Start with around 3,600 ZAR or $200 on your initial deposit then $1 minimum on other deposit you make moving forward. A little bit high right? but from my experience with ic markets its worth it.
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what is maven prop firm leverage? Replied 8 months ago - Their leverage is really low, goat funded trader does 1:100
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what does goat funded trader add-on mean? Replied 8 months ago - An add-on is an extra feature which you have to purchase. Think of it like an in-app purchase you make for games.
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when does goat funded trader payout profit? Replied 8 months ago - Once in 2 weeks
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anyone notice FxPro leverage is now 1 : unlimited? Replied 8 months ago - Yes, I noticed the upgrade to unlimited leverage too. I have been trading with FxPro for one year now and although high leverage is risky, I still welcome the development because it gives users a choice especially professional traders who can manage high leverage risks. Note that trading accounts that had been opened earlier, are still going to be restricted to the old leverage so to access the unlimited leverage, you need to open a new trading account.
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which prop firm is free? Replied 8 months ago - I don't know of any free prop firms because offering free services goes against the business model of prop firms, who make money from challenge/evaluation fees as well as copying your trades. However, prop firms like FTMO offer free trial accounts where you experiment with their services.
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what is minimum trading days in prop firm Replied 8 months ago - The minimum trading days is simply the least amount of days within which you can complete the challenge. So, if your prop firms minimum trading days is 4 and you complete the challenge in 3 days, you have breached the rules. You must complete the challenge in 4 days or more. Minimum trading days was put in place by most prop firms to prevent you from completing the challenge in one day. They want to be able to eliminate the chances that you just got lucky on one day and they also want to be able to study how you manage risk on different days.
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what is consistency rule in prop firm? Replied 8 months ago - By checking how consistent your profits/losses are the prop firm aims to see if you have a strategy you are following or if you keep trying new things every day. When you follow a fixed strategy and risk management plan it shows in your profits/losses because they will always be within the same range. But when you do not have a risk management plan in place today you will make 20% profit/loss and tomorrow you will make 1% profit/loss so there will be no consistency and this will lead you to have a low consistency score. usually, a consistency score of above 80% is considered good by prop firms.
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which unlimited leverage brokers can you recommend? Replied 8 months ago - Technically, the leverage at none of these brokers is unlimited. For example, at Exness, when I traded with them in the past, they would reduce the leverage during active trading hours, on almost every news event, for 1 hour or more. So, almost every day during the Frankfurt & London open, the leverage was 1:200, not unlimited. You will see a message like the one attached in your mailbox, about change in Margin Requirements, the affected instruments & the hours. It is not just during news, many times during active opening hours, you will see leverage restrictions. So, no, the leverage is not unlimited. I assume that other unlimited leverage CFD brokers do the same as well, in order to manage their market risk. But in any case, I don't think you should be using unlimited leverage.
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how do I delete my rcg markets account? Replied 8 months ago - You would have to send an email to rcg markets support stating why you want to close your trading account, state the trading account number of the account you want to close and the email address associated with that account. Please also note that if your account has trading history rcg markets will not be able to delete it.
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Is TIO Markets Legit? Replied 8 months ago - TIO Markets is regulated in from Saint Vincent & The Grenadines (SVG) which is a remote island. Now that is not really the issue because many big brokers place traders under SVG regulation. The reason TIO Markets is a high risk broker is because it is relatively unknown to many and does not have business entities regulated in other parts of the world. Let me give you an example: HF Markets is a broker that places some of its traders under its SVG entity, but HF Markets is also regulated by the FCA UK, CMA Kenya & FSCA South Africa. TIO Markets on the other hand is only regulated by SVG ! See what I mean?
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the less you trade, the more you make; can anyone relate to this? Replied 8 months ago - online trading is one area where doing it more does not mean you will make more money. In fact doing trading more will result to more losses because trading is about probability. There's always going to be times when the market will move against you or you make a wrong decision; so the more you trade the higher the probability that you will make a mistake.
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can you recommend low cost prop firms in South Africa? Replied 8 months ago - I am currently taking a challenge with goat funded trader and they have plans for as low as $17 with no time-limits. You can also check out maven trading prop firm too as they have cheap plans. Note that prop firms are unregulated so you trade at your own risk.
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what is goat funded trader leverage? Replied 8 months ago - Goat funded trader is a prop firm with 1:30 leverage during the first challenge phase and up to 1:100 leverage during the second challenge phase. if you pass the challenge and become a funded trader you still get 1:100 leverage on your funded account.
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is goat funded trader a legit prop firm? Replied 8 months ago - Yes goat funded trader is a legit prop firm complete with positive reviews on Trust Pilot. A friend of mine currently trades with them but you should keep in mind that goat funded trader is not regulated so when dealing with prop firms there is a high risk.
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How do I open a demo account on TradingView? Replied 8 months ago - Yes, TradingView also offers a desktop platform and mobile app
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has ftmo 10k challenge fee been reduced? Replied 8 months ago - There's an ongoing promotion on the 10K FTMO Challenge at 89€ instead of 155€, this offer is available on one active 10K FTMO Challenge at a time
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what is the profit split at ftmo prop firm? Replied 8 months ago - FTMO shares profit with traders 80/20 before scaling and then after scaling they share 90/10.
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what is netting in forex? Replied 8 months ago - Netting is an execution method where if you open several trades for the same instrument, they will not be displayed individually instead they will be summed up and displayed as one trade. Netting is easier to understand for new traders and it keeps the trade panel decluttered and tidy. Hedging on the other hand will display the trades individually and hedging also allows you to open a buy and sell order for the same instrument so that the profit from one, offsets the loss from the other.
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