✅ Coupon code – COVETRADER at all prop firms.
Transcript
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Hey what’s up guys so couple questions came in from some newer people asking what exactly a prop firm is I’m going to explain what a prop firm is right now but before I do if you have any questions about this comment on the video we trade live every day 10:30 till noon and then again from 2 p.m. to about 4:30 p.m. every trading day also if you like any of these firms that I’m talking about there’s discounts on every single one
Of them use coupon code Cove Trader everything’s in the description of this video and uh let me get right into it so couple people that were newer asked me what exactly is a prop firm basically a prop firm is a Sim account um actually takeprofit Trader explains it great right here basically you you select your account size they have account sizes anywhere from 25,00 ,000 all the way up to 250,000 depending on what prop firm you’re with uh you basically prove
You could trade you hit a profit Target every size account has a different profit Target that you need to hit uh and you need to hit that profit Target without hitting the draw down some accounts have end of day draw Downs some have intraday draw downs and basically you need to just reach that profit goal once you hit the profit goal in the eval account you get moved to what they call a funded account and now you can start earning money
So you basically start the account over and you need to hit that profit Target again and when you do you can start pulling money out um and certain firms you can get the money same day some have a payout window so takeprofit Trader right here uh you get same day payouts um and you can get daily payouts every day you can withdraw money from takeprofit Trader and then basically after you withdraw five grand in this account you get to go pro
And basically prop firms you you trade it’s basically like a data feed and you will sync with like trade ofate you can use Quant Tower uh I have it synced with Ninja Trader also so I use Quant Tower ninja Trader uh trade of eight there’s also a volumetrica which is another one I’ll show you what this one looks like so my funded Futures uses volumetrica and it’s basically an interactive chart looks very similar to uh trading view if you have trading
View and then um yeah and then it also syncs you can just sync it with I zoomed out this is like a looking bad but yeah you can sync it with trade of8 if you want to sync with trade of8 you basically hit the uh trading panel down here and that’s kind of how you do it you hit trading panel and oh there we go trade of eight so you can sync with trade of eight right here and then you could
Trade on on your uh trading view charts um so yeah they basically give you a Sim account you pass then you’re funded and then you basically keep these accounts until you blow them which is hitting the daily draw down and it’s pretty simple as you can see I’m funded these are all funded accounts with Apex I have two funded accounts with my funded Futures and uh I am working my takeprofit Trader accounts back to funded as well uh it’s pretty pretty
Straightforward though these are three firms that I would go with takeprofit Trader my funded Futures and Apex Trader funding each one has slightly different rules um I would say that one is not necessarily better than the other it’s just different uh the costs are are definitely different where Apex is $33 like I’ll just use the 50k as an example Apex is $33 but once you pass you have to pay an activation fee of $85 while takeprofit Trader is $102 and if
You pass the eval to go to funded there is no activation fee as long as you use the coupon code and then my funded Futures is uh $76 and then once you pass there’s no activation fee but the difference is my funded Futures there’s caps on how much you can make in the accounts before they push you live um you know there’s no there’s a couple scalping rules in my funded Futures uh takeprofit Trader there’s no rules basically you just can’t
Trade during news one minute before one minute after other than that you can do whatever you want and that’s kind of why um I like takeprofit Trader also you don’t need like a ton of accounts because you can get daily payouts you know a Apex is great but you got to wait for a payout window um but I I trade a lot with Apex but I don’t mind waiting for the payout window but I do want um daily payouts I also
Say never never go to Just One prop firm I always divvy it up among multiple so that’s why I I trade over these three and um yeah as you can see 40% off for life never pay an activation fee it’s right up here and that’s my suggestions so basically to just recap uh what is a prop firm it’s basically a simulated account you pass the eval you go to funded and then after you make enough money in the funded they push
You live which means now you’re trading within the real market and uh you basically keep these accounts until you blow the the draw down and it’s pretty simple so if you have any questions comment on the video and I’ll get right back to you
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