Prop Connect on LinkedIn: The Funded Trader Works With the Use of cTrader (2024)

The Funded Trader: Key Updates and Future PlansThe Funded Trader, a leading trading platform, has launched several significant updates and strategic initiatives. The platform's second DXtrade server is now live, aiming to improve performance, scalability, and reliability. The DXtrade mobile application has received approval for the Google Play Store and is awaiting approval for the iOS version. The platform is also working on integrating MatchTrade and TradeLocker, promising enhanced trading capabilities and diversifying trading options. DXtrade downtime compensation will be provided to traders affected by last week's downtime. The support chat system has been transitioned to a ticket-only system, ensuring efficient and personalized assistance for traders.Skilled Funded Traders: Compensation Poll Results and Upcoming ActionsSkilled Funded Traders’ traders are set to receive additional compensation as part of a recent poll. The options include an additional 25% of the current phase target, a 1% increase in the maximum drawdown of the current challenge phase, or a 0.5% increase in the maximum drawdown, coupled with an extra 10% of the current phase target. The voting process is ongoing and will remain open until the end of the day on Saturday. The team is analyzing accounts affected by the DX Trades migration and server issues to reverse any breaches, while profitable traders will continue trading. Active funded accounts have received a 75% discount code for a $25,000 account, while those with $100,000 and $200,000 accounts will receive a 50% discount code and a 90% profit split. Account migration to the C Trader platform is set to begin tomorrow afternoon, with the goal of completing all migrations by the end of the weekend.Rocket21: Enhanced Trading Experience with Revised Minimum Stop/Limit DistancesRocket21 has updated its minimum stop/loss distances to enhance fairness and strategic trading. The changes include a 1 pip reduction for forex pairs, a $1.50 USD adjustment for indices traders, and a $0.20 USD adjustment for gold and commodities traders. These changes allow traders to set tighter stops, manage risk more effectively, and respond swiftly to market movements. Rocket21's commitment to fairness and transparency is evident in these changes, empowering traders to make informed decisions while safeguarding their capital. These changes are designed to enhance the trading journey for both experienced and new traders.My Flash Funding Reopens Doors to US Traders with MatchTrader PlatformMy Flash Funding, a prominent trading platform, has reopened its doors to US traders with the launch of the MatchTrader Trading Platform. The platform offers an advanced and user-friendly experience, aiming to enhance trading strategies and performance.https://lnkd.in/eBbR9abu.#TFT #SkilledFundedTraders #Rocket21 #MFF #MyFundedfx #AlphaCapitalGroup

Think Trader, a well-liked tool for traders all over the world with strong functionality and an easy-to-use design, has now been linked with TradingView charts. With a variety of technical analysis tools, indicators, and charting functions to assess market trends, traders should be able to access real-time market data, extensive charting tools, and a smooth trading experience as a result of this integration.By fusing robust analytical tools with user-friendly charting features, Goat Funded Trader demonstrates its dedication to providing traders with the tools they need to thrive in the fast-paced markets of today. It's crucial to remember that, in order to guarantee a smooth transfer to the integrated platform, current ThinkMarkets traders must use a separate email address at checkout.This integration is a big step towards Goat Funded Trader's goal of giving its users the best trading environment possible. The company is also committed to giving traders access to state-of-the-art technology, extensive support, and a cooperative trading environment so they can reach their trading objectives and realize their full potential.https://lnkd.in/dfWKJ2cS.#GoatFundedTrader #ThinkTrader #TradingView #propfirms #trading #propconnect #forex

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Prop firms, often referred to as proprietary trading firms, are important components of the forex market ecosystem because they give traders access to resources, capital, and technology that they need to take advantage of trading opportunities. Prop firms and traders have a relationship that goes beyond only financial support, though, since it also has a variety of other effects on traders' trading tactics. Let's examine how prop firms affect traders' trading strategies and decision-making processes.Access to Capital: Providing traders with extensive capital access is one of the most important ways prop firms influence traders' strategies. Prop traders can use the firm's cash to take on bigger positions and use more aggressive trading tactics, in contrast to retail traders, who might only have a small amount of money to work with. Due to their increased ability to raise funds, traders are able to expand their businesses, diversify their holdings, and maybe increase returns.Risk Management Framework: To safeguard their investments and reduce losses, proprietary trading firms generally have strong risk management frameworks in place. Prop firm traders are obligated to follow risk management protocols, which include tight stop-loss procedures, maximum drawdown levels, and position sizing limitations. This focus on risk management encourages discipline, caution, and capital preservation, which has an impact on traders' methods.Technology and Infrastructure: To give traders the means to carry out their plans with efficiency, prop firms make significant investments in cutting-edge trading technology and infrastructure. This could involve access to proprietary trading algorithms, state-of-the-art analytics tools, and platforms with rapid execution. These technical developments give traders access to better order management tools, faster execution speeds, and better market data analysis, all of which help them execute plans more effectively and precisely.Training and Mentorship Programs: To assist traders in honing their craft and perfecting their tactics, a lot of prop firms provide thorough training and mentoring programs. Mentors and seasoned traders offer advice, criticism, and industry insights to help novice traders understand the intricacies of the foreign exchange market. Through mentoring programs, traders improve their analytical skills, pick up important knowledge, and fine-tune their trading methods based on experience and knowledge from the real world.Performance Metrics and Assessment: To evaluate the performance and profitability of traders, proprietary trading firms frequently utilize performance metrics and assessment criteria. Trader performance is evaluated in relation to pre-established benchmarks, including drawdown limitations, risk-adjusted returns, and profit targets.https://lnkd.in/e5zK5pwh.#propfirms #trading #propconnect #forex #blog

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In response to a plethora of complaints on social media—possibly hundreds—the prop trading company The Funded Trader has confirmed that all reimbursem*nts have been suspended because of a “self-imposed internal audit.”."We are committed to ensuring that all payouts comply with our terms of service and do not breach the gambling policies we have established," The Funded Trader said in an announcement. There is a huge backlog of issues that need to be resolved, including compensation, as a result of the botched migration procedure."At this time, we are putting meticulousness first and working proactively to address any issues to ensure that our customers receive the high-quality service they deserve, both now and in the future."The business highlighted that it had already paid out $150 million in compensation. But this number comes from self-reporting; an outside audit hasn't looked into it. The Funded Trader oversees multiple proprietary trading systems and is connected to Easton Consulting Technologies LLC. Chief Executive Officer Angelo Ciaramello has labelled recent grievances against the corporation as "propaganda."Similar to its peers in the prop trading sector, The Funded Trader encountered operational difficulties as a result of MetaQuotes' alleged policy change against these kinds of platforms. The platform switched from MetaTrader to DXtrade and cTrader under Ciaramello's direction.However, the clients of The Funded Trader have now taken to social media, particularly Trustpilot, to reveal the platform's unwillingness to pay out. Many of them emphasized that the prop trading site did not offer an explanation for the payout rejection. Moreover, they received no response from customer service when they reached out, save for an automatic greeting.https://lnkd.in/d-2DnTkw.#FundedTrader #propfirms #trading #propconnect #forex #news

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There are many benefits to trading forex with proprietary firms, such as having access to sophisticated trading tools and capital. But keeping up a trading account with a prop business entails expectations and responsibilities. Violating these terms may result in serious repercussions, such as account termination. Let's examine typical transgressions by forex traders that might result in account closures by prop firms.Violation of Risk Management Policies: In order to protect their capital and reduce losses, proprietary trading organizations place a high priority on risk management. Traders are often obliged to follow certain risk management protocols, like stop-loss orders, maximum position sizes, and leverage limitations. Account closure may result from violating these policies, which put the company's cash at risk and require taking excessive risks or ignoring risk management procedures in order to stop future losses.Violation of Trading Regulations and Policies: Prop firms set trading policies and procedures to ensure compliance, uniformity, and order in their trading community. These instructions could relate to order execution procedures, trading strategy prohibitions, or limitations on trading instruments. In order to preserve the integrity of the company's operations, traders who repeatedly break these guidelines or participate in dishonest or manipulative trading methods risk having their accounts closed.Failure to Meet Performance Targets: In order for traders to maintain good standing with the firm, proprietary trading firms frequently set performance targets or profit thresholds that traders must meet. Traders who do not meet these goals on a regular basis or who go through extended periods of underperformance could be considered unprofitable by the company. To safeguard the company's bottom line and reallocate resources to traders who are more successful in such circ*mstances, account termination may be initiated.Breach of Non-Disclosure and Confidentiality Agreements: Prop firms manage client data, proprietary trading tactics, and sensitive information that must be kept private in order to be competitive and adhere to legal and regulatory regulations. Traders who violate non-disclosure or confidentiality agreements by divulging proprietary information to unaffiliated parties, revealing trade secrets, or participating in insider trading may be subject to harsh penalties, such as account termination and legal action.Regulatory Non-Compliance: Financial authorities and regulatory agencies oversee the regulated environment in which proprietary trading firms operate. Traders have to abide by all applicable laws, rules, and compliance specifications, such as know your customer (KYC) and anti-money laundering (AML) protocols. https://lnkd.in/eUCXtGVr.#RiskManagement #propfirms #trading #propconnect #forex #blog

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Although it's an exciting adventure with lots of potential for profit, forex trading is not without risks and difficulties. One of the most important aspects of risk management and maintaining one's financial and mental health is knowing when to leave the market. Although each trader's circ*mstances are different, there are a few typical indicators that suggest it could be time to temporarily remove oneself from the market or reassess one's trading strategy. Persistent Losses: Extended losing streaks can be a warning sign that a trader ought to pause and reevaluate their approach. Even though losses are an inherent aspect of trading, a trader's technique may be flawed or the market conditions may not be favorable to their strategy if they are continually losing transactions. Before reentering the market, it can be a good idea to take a break, review previous deals, and pinpoint areas for improvement rather than obstinately carrying on in the hopes of recovering losses. Emotional Distress: Feelings of anxiety, tension, or irritation can cause an individual to make impulsive or illogical trading decisions, which can hinder their ability to make sound decisions. A strong indication that it's time to leave the market is if trading starts to negatively affect one's emotional condition or mental health. Restoring emotional balance and halting additional harm to mental health can be achieved by taking a pause to regroup, engaging in mindfulness exercises, or asking for help from peers or mentors. Lack of Clarity or Focus: Mind clarity and steadfast attention to market analysis and decision-making are essential for successful trading. A trader may need to take a step back and get perspective if they find themselves feeling perplexed, overburdened, or preoccupied when trading. When returning to the market, taking a break to clear one's head, reassess objectives, and refocus on priorities can help promote better decision-making and mental clarity. Burnout or Fatigue: Trading may be physically and mentally taxing, particularly during extended trading sessions or times of extreme market volatility. Burnout or exhaustion among traders can lead to careless errors, a lack of attention to risk management, or a loss of desire to trade. It's critical to recognize the telltale indications of burnout, such as tiredness, anger, or a lack of enthusiasm, in order to know when to prioritize self-care and take a break in order to stop further depletion of energy and motivation. Significant Life Events or Distractions: Life events like illness, family emergencies, or significant personal milestones may significantly affect a trader's ability to concentrate on trading.https://lnkd.in/dmMCbABx.#propfirms #trading #propconnect #forex #RiskManagement #TradingWisdom

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The proprietary trading company Instant Funding had already disclosed its intention to switch to DXtrade on Tuesday. The change will take place on March 13. Users of Instant Funding have been reassured by the company that the switch will be easy and that thorough testing has been done to guarantee a smooth transfer to the new platform. "We have been extensively testing the platform to ensure a seamless upgrade. The good news is that it's really easy to start trading again," Instant Funding said in a statement.The company went on to say that users don't have to be concerned about their account information. When they are available on the dashboard, Instant Funding will automatically update account credentials and send users an email to let them know. Users only need to use the updated login credentials to access DXtrade and continue trading. Instant Funding promised to provide a comprehensive guide the day after the integration is finished in order to assist users with the transition. The purpose of this guide is to offer users thorough assistance when navigating the new platform.Prior to this, Instant Funding posted updates on social media about the changes made as a result of their partner broker ThinkMarkets' decision to stop offering services to US clients as of February 23. This complies with an instruction from the present trading platform supplier for Instant Funding. Although traders might be concerned, Instant Funding has reassured them that precautions are being taken to reduce any inconveniences. With an intention to move US and international traders to DXtrade within three weeks while maintaining active accounts, they intend to introduce DXtrade as an alternate platform.ThinkMarkets' action is in line with a trend of US client restrictions from companies like as Purple Trading and Blackbull, as well as rumours regarding Eightcap. These actions might be motivated by alleged pressure from MetaQuotes. Reports indicate an instruction to cease services to US traders, although this has not been confirmed. Similar limitations have been imposed by The5ers and FTMO, among other businesses. https://lnkd.in/ed_6QidQ.#propfirms #trading #propconnect #forex #InstantFunding #DXtradeUpgrade #SeamlessTrading

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The dynamic and demanding world of forex trading calls for a blend of technical know-how, analytical prowess, and emotional intelligence. Prosperous traders have a wide range of abilities that help them successfully negotiate the intricacies of the world currency markets. Developing these fundamental abilities is key to gaining consistent success in forex trading, regardless of experience level.Technical Analysis: For forex traders, mastery of technical analysis is essential. This ability entails reading price charts, spotting trends, and figuring out patterns and indicators on the charts. Traders use technical analysis as a tool to forecast price movements, assess market sentiment, and decide when to enter and exit a trade. Gaining proficiency with technical analysis tools like candlestick patterns, Fibonacci retracements, and moving averages enables traders to confidently and precisely assess market dynamics.Underlying Analysis: Long-term success in forex trading depends on an understanding of the underlying forces behind currency movements. To determine the underlying worth of currencies, fundamental analysis examines economic statistics, central bank policies, geopolitical developments, and market emotion. In order to predict market trends and make well-informed trading decisions based on fundamental research, traders need to be up-to-date on economic news releases, monetary policy announcements, and geopolitical happenings.Risk Management: To protect funds and minimize losses, forex trading requires effective risk management. It is imperative for traders to formulate risk management plans that specify appropriate risk thresholds for each transaction, impose stop-loss orders to curtail any losses, and utilize appropriate position-sizing methodologies. Even in tumultuous market situations, traders can preserve long-term profitability and safeguard their trading money by practicing excellent risk management.Patience and discipline: Two qualities that any successful forex trader needs to develop are patience and discipline. Maintaining a well-defined trading plan, following preset entry and exit criteria, and refraining from making rash decisions are all parts of trading discipline. Waiting for high-probability trading chances to present themselves and stifling the need to chase transactions impulsively require patience. Traders can steer clear of costly blunders and maintain focus on their long-term trading objectives by practicing discipline and patience.Adaptability: Because the forex market is dynamic and ever-changing, traders must continue to be flexible and adaptive in their methods. Profitable traders welcome innovation and new technologies, modify their strategy in response to shifting market conditions, and adapt.https://lnkd.in/eZWrU7CU.#ForexSuccess #TradingSkills #MarketMastery #propfirms #trading #propconnect #forex

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FundedNext's partnership with AstroPay, so traders can now access their FundedNext accounts from anywhere in the world, particularly within the local British community. Renowned payment solution provider AstroPay is praised for its ease of use, security, and adaptability for many types of transactions.With the help of the AstroPay integration, traders can now use AstroPay to purchase any FundedNext account. With the ability to settle in more than 50 currencies and the convenience of free international instant transfers, AstroPay makes trading easy and accessible from anywhere on the globe.Local payment options AstroPay supported and FundedNext is now able to take money by a number of widely used local payment options, including bank transfer, credit/debit card, Apple Pay, and Google Pay.Simple and easy transactions where traders can transact instantly and easily with any of the stated methods, including PayTm, UPI, Google Pay, and others.FundedNext exists to guarantee that FundedNext traders have outstanding experience.https://lnkd.in/e_iw8DCz.#propfirms #trading #propconnect #forex #FundedNext #AstroPay #GlobalTrading

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