LIVE ACCOUNT or PROP FIRM? A Comprehensive Guide
In this video I discuss the pros and cons of trading with a Live Account or with a Prop Firm Account. Hopefully, this will give you a better idea on what would be more ideal for your situation and style of trading.
The FIVE factors I will talk about are:
1. Account Ownership
2. Regulations
3. Profit Potential
4. Financial Risk
5. Trading Rules
At the end of the day, as a trader you should ALWAYS manage your money and your risk. Every choice you make is a trade. When you go to work, you trade your time for money. When you drink a bottle of coca cola you trade your health for quick gratification. Everything is a trade. If you go with a prop firm, treat it with the same respect as a live account. If you trade with a live account with a small balance, treat it like it is a large balance. Your wealth is a consequence of who you are as a person and how you live your life.
Trade smart, trade safe!
- R2F
The FIVE factors I will talk about are:
1. Account Ownership
2. Regulations
3. Profit Potential
4. Financial Risk
5. Trading Rules
At the end of the day, as a trader you should ALWAYS manage your money and your risk. Every choice you make is a trade. When you go to work, you trade your time for money. When you drink a bottle of coca cola you trade your health for quick gratification. Everything is a trade. If you go with a prop firm, treat it with the same respect as a live account. If you trade with a live account with a small balance, treat it like it is a large balance. Your wealth is a consequence of who you are as a person and how you live your life.
Trade smart, trade safe!
- R2F
R2F
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