Hello hivers is been a while I'm finally back with my analysis sessions on crypto and foreign exchange market trading, i have been busy lately with other projects i do really missed this space but I'm finally back so let's get it going.
My Last Week Trading Overview
Last week was amazing I started a prop firm challenge competition for the month of June, the challenge comes with a prize 🏆 cash price and free challenge funded account from $300k to $25k challenge account for free plus if you are able to make 20% of the account. so $100k account was given to everyone who showed interest to participate in the challenge.
I'm over 6% up with 5% profit closed already so my next target is to make 14% before the month runs out in other for me to win a 25k account from the funded trader.
In the forex market the major problem traders face is equity same in crypto for the past few years i have seen so many platform that came up with prop firm model of business where they give large equity to traders and all they have to do is to purchase that equity with the agreement to obey the rules of that company.
Some examples of Proprietary firmed
- The funded trader
- My forex fund
- Ftmo
- Fundednext teader ...e.t.c
There are a lot of other prop firm that operate similarly they major functions is to provide equity for teader then you share profit percentage with them it can be 80/20 you take the higest cut while they take smller part of the profit.
So i have decided to put more energy acquiring these prop firm first I'm starting with the free competition account from the funded trader where you have to make just 20% to get their challenge account of $25k. when you pass the challenge you will be funded live that's amazing and I'm taking this step for a start I'm already 6% up let's see how it goes this week.
Though i still have some trade on that did not hit target yet let's see how it goes when the market opens.
So i have decided to always share my journey with you all daily and use this medium to journal my success. hopefully i get to make 20% which will qualify me for 25k$ challenge account which is my most target at the moment. I will also love to be sharing my trading ideas both on future for crypto and sport analysis daily. I'm glad to be back here. Wish me well hivers.😘 💕