I came across this video from Dillon Grech, a forex trader out of Australia. Mr Grech spent a minute trading for a proprietary trading firm and shared his insights on hidden risks to traders, particularly the risks stemming from the belief that all trading risks lie with the firm whose capital you are trading with.
For example, are you trading solely with a prop firm’s capital or are you really trading with leverage?
Also, new traders that have “big bags” have a leg up on other traders who may not have the cash to put up a 20% stake in a trading account, pay a monthly desk fee, and pay a one-time participation fee. Money still talks louder than experience or skill.
I found it informative. You may, too.
28 September 2022
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