Lecture Notes: Prof Firm Trading Conditions

Introduction to Prof Firms

• Prof firms offer trading opportunities across various asset classes.
• Importance of understanding trading conditions to optimize success.

Key Asset Categories

1. Forex
2. Indices
3. Metals
4. Crypto

Impact of Trading Conditions

• Higher Lots and spreads can affect profit/loss.
• Risk increases when funded due to limited profits and increased stress.

Comprehensive Research by Prof Firm Match

• Research into trading conditions for top prop firms.
• Testing across different pairs and sessions (Asian, London, New York).
• Top 3 Prop Firms (General):
  • 1st: 5%ers
  • 2nd: FTMO
  • 3rd: Alpha Capital Group

Specialization in Trading

• Generalist versus specialist traders (indices, crypto, etc.).
• Crypt-based Prop Firms:
  • 1st: Breakout Prop
  • 2nd: Crypto Fund Trader
  • 3rd: 5%ers

Differences in Trading Platforms

• Importance of choosing right platform for instruments traded.
• Example: Differences in spreads and instruments availability between CFD and crypto-focused firms.

Analysis of Trading Conditions

• Factors considered: Total cost, spread (across sessions), average slippage.
• Indices:
  • FTMO on MetaTrader 5 shows significant performance in London and Asian sessions.
  • Alpha Capital Group remains stable across sessions.

Futures Firms

• Good options for indices trading.
• Concerns include consistency rules, trailing drawdown, and fee structures.
• Recommendations:
  • Established firms like Top Step (since 2012).
  • Consideration of instant funding options.

Metals (Gold) Trading

• Similar costs and spreads across top firms.
• Platform-specific performance:
  • Example: Funding PSS scores vary between platforms (e.g., C Trader).

Tools and Resources

• Prof Firm Match for detailed comparisons and exclusive discounts.
• Accumulating loyalty points for free accounts.
• Access to full detailed tests and insights via provided links.