Recently, the internet retail trading community has been torn apart by arguments about Forex prop businesses. One trader commented, "The prospect for massive amounts of trading money with such a low entrance barrier does seem too good to be true." It's no secret that unscrupulous individuals and impromptu prop shops are taking advantage of the rapid expansion of the prop industry. Traders today have more access to capital, making it more crucial than ever to understand the inner workings of these companies. Let's find out more about these concepts and the business models of prop businesses. There were just a handful of online prop firms when we first entered th e market, and today only a handful remain. Some fifty new online forex prop businesses have cropped up since then, and that number is expected to rise rapidly. There seems to be a new business popping up every week somewhere in the world. Although it's excellent that retail traders have professional advancement opportunities, the nature of the company has shifted rapidly. Working with a prop business in the past was pretty straightforward. Profitable traders have generous compensation packages, with earnings shared between them and their employers. These new prop firms operate more like pyramid schemes than anything else. Not only is this reckless for traders, but it's also likely that authorities will start paying more attention to it soon. Let's learn everything we can about this prop company. Lux Trading Firm employs a funding approach that has been employed by prop businesses for decades, setting it apart from every other forex prop firm in the industry. Our revenue model is straightforward and simple to comprehend. This fundamental framework is utilised by every real estate firm around the globe. It's effective, and it's simple to implement. To put it bluntly, it lacks the glitz of the fast funding hoax. If you wish to trade with a prop business, you need learn how it makes money. There's a chance they're cashing in on successful traders if they're taking a cut of profits in the range of 50 percent. However, many of these startup companies give their traders a full cut of the earnings. You probably know that the majority of forex prop firms are nothing more than gambling operations. They aren't interested in working with profitable traders or providing assistance to such traders. All of a trader's gains can now be distributed immediately. It's obvious that unsuccessful traders will pay you if you're competent at trading (which are designed to maximise failure rates). To this day, only Lux Trading Firm provides traders with real money accounts and the education they need to earn real, consistent money in a safe manner.

Why I do not believe in BackTest result ? There are many EA users believe in Backtesting result. Also many new users replied me that If you do not have a good result in the past so how do you prove EA can be profitable in the future? This is a very funny question and I would like you tell all of you that , Backtesting is only for a programmer to test any error. Not to tell you about the result in the future . Here I will show the proof. Bug of MT4 Can not test multi-currency strategy Can not test Multi-TimeFrame For example , if the strategy is about when EURUSD hit some level and USDCHF should open new order . You are not allow to do , so in most of the developer there would like to use IsTesting() function which means users can normally open orders in tester , but not related to the original strategy . So How can the backtest result be accurate ? Slippage Also, some of user refuted me that there are some external software allow you to add slippage setting to simulate the slippage . OK let me tell you a fact , even the broker they also do not know what is your slippage before you open an new order . Because this is a very normal market reaction. So no one know what will the slippage be before any order execution. Because market keep changing each second . What is slippage ? let me explain a bit . Slippage is a normal market phenomenon. Every market also exist Bid and Ask price with Market Depth. But MT4 brokers only allow to quote BID and ASK without Market Depth. 1.10 (10k ) 1.11 (20k) 1.12 (30K) 1.13 (40k) If someone is using ECN account ( I do not commend to use Market Maker and STP , most of them are scammer brokers,In 2018 also many Faked ECN broker appeared ,scammer broker would like to make your slippage and spread bigger to make you lose money and they win .but here is talking about normal slippage example ) . In Mt4 you can buy or sell with lotSize. In MT4 quoting like this: 1.09 /1.11 . So user buy 100K volume ,Finally Order Open Price will be 1.12 .Because ECN brokers only know that you want to buy 100K volume and no matter the slippage or spread how big . systems will follow your instruction and execute the order. So How can BackTesting result can prove the past and the future ? Trading condition Trading condition between Real Demo and Tester account . Here is a very horrible example and fact . I have tried to compare Tester trading condition and Real account trading condition when I tried to add new code to solve one of my user of 4 digits and 5 digits issue. (I don’t know suggest to use this kind of broker with 4 digits ). In the photo you can see : There are 6 conditions are different from tester and real . MODE_TICKSIZE , MODE_TICKVALUE ,MODE_STEPLEVEL,MODE_DEGITS,MODE_POINT . Please remember , those are the main factors to lead your account safe or die . (If you do not understand what those code means , please check in google) And Please be reminded that , Brokers can change those condition only to your trading account without any notification! So , how can be the tester result same as your trading account result ? with you have 100% tick data ! it’s useless . Spread In MT4 tester , users can only set a Fixed Spread parameter to test the strategy , But in real Market, Spread is dynamic . and In Holiday spread , will be a huge Spread . This factor you can not test in tester also . Please be smart .