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Yes, I reference multiple time frames. See Charles Dow and Dow Theory as to why this is relevant.

Yea, Im in Toronto (canada). A few people have mentioned Swift. Are they true prop - will they take a traders losses over and above his initial capital outlay? Or what?

Do many True Prop Firms even exist? Seems most prop shops nowadays are as you say - leveraged retail firms.

So prop offers extreme leverage and (maybe) informal training. If a traders stake is small to begin with, more leverage will break every money management rule in the book. And if the traders stake is decent, why bother trading Prop? I dont see the advantage here. Looks like...

What do you mean by this?? Prop firms let you trade the firms money, and if you lose it, its the Prop Firms loss - not the traders?? Do all Props work this way??

From what I know: - Trader puts up initial stake. - Prop supplies market access and, in some cases, training. - Prop supplies leverage Which party takes the risk of loss that exceeds the traders initial stake? For example. Say a trader puts up 5K at a prop shop. Trader is...

Thanks for getting back to me spectre! My numbers (including stop size) were purely hypothetical -- not intended to be taken literally. Just wanted to make sure I had the concept down!

Hey Guys, I am a new FX trader and need some help with contract sizing and stop loss 'mechanics'. Assuming my stop represents the total amount risked per trade (expressed as a percentage of total account equity) please find (hypothetical) numbers below: Account Size: 1,000,000...