How you can make 6 figures a month using prop fundsFirstly you need to be able to acquire one account such as a 100k account. Assuming your target is $110000 you start by risking $500 a trade until you reach $3000. if you take losses you continue risking the same until you're back at the starting point. once you reach $3000 of profit you now up your risk to $1000 until you get to $6000 and then $2000. This should easily allow you to pass phase 1 of the challenge, you then repeat the same for phase 2.
Once you receive your first funded account, you are now going to purchase another challenge and copy trade your funded account (master acc) onto the challenge. Repeating the above and considering you have a strategy with a good win rate, you are now able to make money while passing the challenges without having to trade 2 accounts manually. You continue this process and max your funding with one prop fund, and then move on to a second and so on until you have 7 figures in funding under your belt.
The key is to remain focused and have your psychology and mindset on point. making a mistake on your master account is going to reflect on all accounts. The same goes with profits however. If you have 1 mill in funding and make 1% in a week on one of your 100k accounts, then the other 9 will also make 1% bringing you to a total of 10% ($100000) in one week.
My favourite prop fund atm is properfunded.com
6figurecapital
USD/JPY Trade IDEA NFP WeekTrading pairs have never been easier for me until I started trading in this manner in which I am going to describe.
After taking several demo account losses I stumbled across an article on trading forex pivot points. After reading I decided to try a simple strategy that has simplified trading in all aspects, however if you still do not get the basic fundamentals I would rather recommend that you do your fair share of work in learning candle stick patterns, support, resistance and on and on.
I found that if you wait till market close and pin point the exact price of NY Session end mark it. Wait till 15 minutes after London Session time and if the price is above your Session Close you Buy unless at a key Resistance Area!
If price is below the Previous Session Close than you should Sell unless at a key support area.
All of these key areas should be used on higher time frames while the lower time frames are used for price action analysis.
If you are selling using this method you increase your chances about 60% of the time as a winner and if you are buying your chances increase to almost around 80%.