Rich people don't eat enough. At the beginning, when seeing money, you will eat and explore, but later you will prioritize staying in shape and good health. Just fruit can be enough for you for the whole day.
How to backtest rightly ,I think I have drop a thread on it twice
But let me chip this in
Before you back
Have a check list ,backtest with that check list
If you are doing well in the backtesting and you are not in the real live market
It is not a thing of knowledge anymore,it is impatient and lack of discipline towards the data you have backtested
The difference between backtesting results and real life results is not mostly absent of knowledge but experience of timing
Because in backtesting the time factor is not involved which means you can’t backtest your patient level , you can only backtest your knowledge acquisition not your patients level
So you can’t know if you have issues with patient in backtesting cus there is no time factor
That where forward testing comes in
You forward both the knowledge and the time
So if you are getting is correctly rejoice cus you have dealt with knowledge acquisition but you have to deal with timing factor to validate your knowledge
This is one of those statements that sounds deep until you understand how financial markets actually work. This post just shows that @ahmedxm01 does not even understand how the financial market works both forex and crypto.
Yes, most retail prop firms use demo or simulated accounts. That is not a secret. It's literally stated in many of their terms and conditions.
But let's stop acting like "demo" automatically means "fake."
Your MT5 balance at a broker is also just numbers on a server until you withdraw. The balance you see is a database entry, not a stack of cash sitting in a vault with your name on it.
The same applies to many CFD brokers. The majority of retail traders are trading contracts, not physically exchanging currencies.
Even in crypto, the balance on an exchange is simply a ledger entry. The exchange updates numbers on its database when you buy or sell. You don't see coins moving across a blockchain every second you place an order.
Even banks work this way. When you transfer ��1 million, the bank is mostly updating records in databases. Physical cash is rarely moving anywhere.
What matters is not whether the account is simulated. What matters is whether:
1. The firm honors payouts.
2. The firm has risk management.
3. The firm has a sustainable business model.
4. Traders can consistently withdraw profits.
The irony is that many traders screaming "it's a demo account" happily trade CFD brokers where they're also trading synthetic contracts rather than actual underlying assets.
A prop firm's job is not to give you money to play with. Its job is to find profitable traders and share revenue with them. Whether the risk is mirrored to live markets, B-booked internally, or managed through hedging is a business decision.
So saying "it's a demo account" as if you've exposed some hidden secret is like saying your bank account balance is just numbers on a screen.
Of course it is.
The real question is: can you get paid when you make money?
Good morning house
Happy new month
And so We begin the second half of the year today!
We have successfully used 6months out of the 12 months that makes a meaning we have only 6 more months to go
Some of you have achieved a lot of things while some of you are yet to see anything tangible
Whatever the case may be, this second half is the universe giving you a second chance and an opportunity for you to make sure you end the year massively in wealth
As for me This year by December I want to have a minimum of $200k in equity and I am ready to work my ass* out to get it
The question is are you ready to do whatever it takes (legally) to make your own dream come through too?
One of the most underrated skills in trading is balance.
Many traders spend months looking for the perfect strategy while completely neglecting their mental health, relationships, fitness, and personal life. The result? They become emotionally attached to every trade because trading becomes the only thing they have going on.
The best traders I’ve met don’t think about the market 24/7. They have balance because they know when to trade, when to step away, when to rest, and when to enjoy life.
Trading should be a part of your life, not your entire life.
Ironically, when you stop forcing trades and start living a more balanced life, your decision-making improves, your emotions stabilize, and your trading performance often gets better.
Protect your capital, but also protect your peace.
let me explain, pay attention.
water doesn’t just sit still, it responds. it absorbs, it records and it reacts to its environment. every word spoken around it carries a vibration and water takes it in.
now think about this:
you’re at the table, there’s a glass of water in front of you and you start speaking… money is hard, life is unfair, i can’t afford this, nothing works for me. then you pick up that same glass and drink. in that moment, you’re not just drinking water… you’re internalizing everything you just said.
i’ll never forget what my mom taught me something before she passed, one rule at the table, no exceptions: no negativity around food or esp water.
no complaints, no gossip, no speaking badly about others or yourself… only clean and positive energy.
so next time you sit down to eat, pay attention. it’s not just a conversation, you’re shaping what you consume cos water isn’t ordinary, it’s one of the oldest elements on earth and it deserves respect and reverence, they won’t teach you this in school but i will. buena suerte. 👍