Home -

Broker -

Main body -

WikiFX Express

CONSIDER PROP TRADING A BUSINESS AND THIS IS YOUR START UP CAPITAL

My Forex Funds | 2022-02-17 11:17

Abstract：It is always great to hear from our traders and our traders speak to us regularly. One of the most common questions that we get is – How can I pass my evaluation easier?

It is always great to hear from our traders and our traders speak to us regularly. One of the most common questions that we get is – How can I pass my evaluation easier？

We have put together this blog series to give you some ideas on what the traders who are passing evaluations are doing.

CONSIDER PROP TRADING A BUSINESS AND THIS IS YOUR START UP CAPITAL

All business needs startup capital and this is no different in trading. When you enter the world of prop trading or FOREX, Metals or CFD trading you should understand you are entering a business. When entering a business, you need to make sure you take it seriously.

My Forex Funds and prop firm funding in general is a giant “leg-up” to become a full time, professional trader who can make a living in the financial markets. We are the seeder fund, funding your business and helping you to grow. It is important that you are treating prop trading as a business and keeping records accordingly.

What does FOREX trading as a business mean？

What it means is that you are considering a trade a transaction made by your business. You are taking risks only that are for the betterment of your business. You are keeping accurate business records (Journal, statements etc.). You are doing top-down analysis of your business, where can you improve？ Where can you cut costs？ What is working and what is not. It is always maintaining all measurables and calculating every action before taking it to make sure it is for the businesses benefit

The Psychological benefits of treating FOREX trading as a business.

When you treat trading in the financial markets as if it were a business your psychology will change. Its no longer about your wallet and more about your businesss survival and future. It brings your mentality to a more serious place and hopefully (but not always) controls erratic and impulsive behavior in the market. Less erratic and impulsive behavior should lead to a smoother equity curve and ultimately access to more capital over time.

Keeping in line with all of our tips along this series, by taking your time and treating this opportunity as a business you are more likely to reach your end goal of profitability and sustainability.

Remember, trading is a marathon and not a sprint.

This concludes our tips for passing the evaluation. Stay tuned for more blogs with tips, tricks, company news, trader interviews and more!

Broker Dealer Basic forex knowledge Forex Broker

Related broker

Not Regulated

My Forex Funds

Company name：My Forex Funds

Score

1.49

Website：https://myforexfunds.com

2-5 years | Questionable Regulatory License | High Potential Risk |

Score

1.49

Rebelsfunding Review: Are Traders Facing Payout Delays, Spread and App Issues?

Failed to receive payouts from Rebelsfunding, a Slovak Republic-based prop trading firm? Did you witness wide spreads while trading on the broker’s platform? Have you found it difficult to navigate through the Rebelsfunding app? Have you encountered heavy losses on the trading app? Many traders have reported these issues on broker review platforms. In this Rebelsfunding review article, we have explained these complaints and given our perspective on how safe your investments are likely to be with this broker.

Original 2026-05-07 23:31

Is Core Prime Safe or Scam? A Complete Analysis of User Complaints and Warning Signs

When choosing a forex broker, the most important question is whether it's safe. You've probably searched "Is Core Prime Safe or Scam?" Because you need a clear answer before investing here. This review will give you that answer. To figure out if any broker can be trusted, we need to look at two main things: whether it's properly regulated and what real users say about it. This article will examine both for Core Prime. Our conclusion is simple: a careful look at available information shows serious warning signs, no proper regulation, and troubling Core Prime complaints. These aren't small problems - they're major red flags that any potential investor must consider before moving forward.

Original 2026-05-07 19:07

Core Prime Regulation: A 2026 Deep Dive into Its Licenses and Risks

When checking out a broker, the first and most important question is about regulation. For traders looking into Core Prime, this is the main issue. We will tackle the search for Core Prime Regulation directly: our research, based on public information, shows that Core Prime works without a real license from any top financial authority. This finding right away brings up big questions about capital safety, business transparency, and whether their business practices are legitimate. The goal of this article is to give a detailed, fact-based look at the Core Prime license status and its complicated business structure. We want to help you, the trader, make a well-informed decision based on facts you can check, not marketing claims. Before we get into the details, it's an important rule in trading to always check a broker's claims. You can verify Core Prime's current regulatory status on platforms, such as WikiFX, to see the information yourself.

Original 2026-05-07 18:17

amana Exposure Report: Withdrawal Delays & App Malfunction Allegations

amana, a United Arab Emirates-based broker, is reportedly losing most of the traders’ favour recently. These traders have accused the brokerage entity of serious misconduct, including the long-pending fund withdrawal requests and poor customer services. Negative amana reviews have emerged across broker evaluation platforms such as WikiFX. Through this article, we have covered these allegations while providing our perspective on the broker’s regulatory status. This will help you make an informed call on whether you can trust amana with your capital.

Original 2026-05-06 22:40