r/askforex

FundedNext traders: how do you adapt your strategy to the firm's drawdown rules?

I've been thinking about how much a prop firm's rules can change the way a trader has to manage an otherwise profitable strategy.

Taking FundedNext as an example, I wouldn't look only at the challenge price or profit target. I'd want to understand how the drawdown rules interact with the strategy itself.

For example, a trader risking 1% per trade might be comfortable with that on a personal account, but the same risk could behave very differently under a firm's daily and overall drawdown limits.

I'm curious about traders who have actually used FundedNext:

Did you keep your normal risk management when trading the evaluation, or did you reduce position size specifically because of the firm's rules?

And for those who trade other prop firms, did you find that their rules required a completely different approach?

I'm interested in actual trading experience rather than which firm is "best."

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u/Frosty-Purchase9599 — 1 day ago

Monday Lesson: Stop Chasing the Market

​

A new trading week doesn’t mean you need to trade immediately.

One of the most important skills in Forex is learning to wait for your setup.

Before entering a trade, ask yourself:

• What is the current market trend?

• Where is price likely to react?

• What confirms my entry?

• Where is my stop-loss?

• Is the potential reward worth the risk?

Remember: No setup = No trade.

The market will create opportunities throughout the week. You don't need to catch every move—you only need to participate when your strategy gives you a reason.

Monday goal: Don’t focus on how many trades you can take. Focus on how many quality decisions you can make.

Trade with a plan, not with emotion.

\#Forex #ForexTrading #TradingEducation #RiskManagement #TradingPsychology #Beginners

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u/Global-Impression60 — 3 days ago

what are you actually paying to hold JPY pairs overnight? trying to work out if im being done

Swing trading GJ and UJ, hold is usually 2 to 5 nights. Mostly short so im paying the differential, not collecting it. Im getting charged about £8.50 per lot per night on GJ short, Axi raw. Old broker was around £13.50 for the identical position, which is the only reason I ever went and looked at any of this.

Ran the maths to see how much of that is even avoidable. BoE at 3.75, BoJ at 1, so the differential alone is 2.75% a year, which on a 100k lot works out about £7.50 a night. So theres roughly a quid of markup on what im paying now and about six on what I used to pay. Six quid a night for nothing, and thats before wednesday, when you eat three days of it in one go.

So if you hold JPY pairs overnight: pair, direction, what youre paying per lot per night, and who with. Want to see where the real range sits. also does anyone actually build swap into expectancy or do you all just eat it and hope the move covers it

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u/JeyJonsoon — 3 days ago

What do you guys do for cash flow alongside trading?

I’ve been trading for 3+ years, and one thing I’ve realized is that having a separate source of cash flow can make the trading journey much easier.

Even if your strategy is profitable, you still need money for everyday expenses, trading capital, prop-firm challenges, resets, etc. And if you’re still developing consistency, relying entirely on trading income can put a lot of psychological pressure on you.

So I’m curious:

If you’re serious about trading but aren’t fully living off trading yet, what do you do alongside it to generate cash flow?

  • Remote job?
  • Freelancing?
  • Sales / appointment setting?
  • Business?
  • Content creation?
  • Another profession?
  • Something related to trading?
  • Or did you just focus entirely on trading until it worked?

And if you do something alongside trading, how many hours per day does it take and how much does it roughly bring in per month?

I’m especially interested in things that can be done remotely and still leave enough time/mental energy for trading.

Would be really useful to hear what other traders are actually doing rather than the usual “just get a job” advice.

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u/sumetdey — 5 days ago
▲ 18 r/askforex+1 crossposts

Looking for honest advice from consistently profitable traders .... 5 years in Forex, still not profitable

I've been trading Forex for about **5 years**. The first 2 years I mostly traded signals/copied others. For the last 3 years, I've focused heavily on **ICT/SMC**, starting with studying ICT directly.

I've watched countless ICT videos, backtested extensively, and have a specific entry model based on liquidity sweeps, displacement, 15m CISD, session/1H/daily highs and lows, etc.

My biggest problem is **DAILY BIAS**. Since ICT is discretionary, I often get the bias wrong, even during backtesting. I understand the concepts, but I still can't consistently turn them into profitable decisions.

Seeing people online claiming payouts after 6–12 months makes me wonder what I'm doing wrong. I've also joined a well-known ICT Discord where the trader had multiple payouts, but during the 2 months I followed him, he had no profitable month. His journal also shows only a few profitable months since 2025. It made me realize that social media results don't necessarily tell the whole story.

So I'm looking for advice from people who **actually withdraw consistently from the market**, not another ICT theory lesson.

If you've been in a similar situation:

* How did you solve your daily bias problem? * Did you make your strategy improve your discretion? * How did you know your strategy actually had an edge? * If you were 5 years in and still not profitable, what would you change? * Would you simplify ICT, continue with it, or completely start over?

**What was the one thing that finally made you profitable?**

I'm genuinely looking for honest advice from experienced, consistently profitable traders. Please don't tell me to watch more ICT videos—I think I've watched enough.

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u/yonatanen — 7 days ago

The 30-Day Trading Psychology Experiment 5 traders. 30 days.

I'm looking for five traders who feel that their biggest problem isn't their strategy anymore — it's themselves.

Maybe you:

  • revenge trade
  • overtrade after a loss
  • move your stop
  • hesitate on good setups
  • take trades outside your plan
  • struggle to accept losses
  • become emotional after a winning/losing streak
  • know exactly what you're supposed to do but don't do it consistently

I'm interested in the psychology behind this stuff, and I'm looking to work with a small group of traders for the next 30 days.

What I'll do

I'll work with you individually for 30 days to help you identify:

  • your recurring behavioural patterns
  • emotional triggers
  • decision-making mistakes
  • differences between your planned and actual execution
  • what happens before you break your rules
  • what you can practically change

This isn't a signal service.

I won't tell you what to trade.

I won't promise profitability.

The focus is purely on your behaviour and decision-making as a trader.

What I'm asking from you

Nothing financially.

But I do need you to actually participate.

You'll need to:

  • maintain a simple trading journal
  • share your observations honestly
  • have regular check-ins
  • be willing to look at your own behaviour without making excuses

At the end of the 30 days, if you genuinely feel the work helped you and want to continue

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u/WeatherNext462 — 6 days ago

A green day doesn’t always mean I traded well

Something I’ve been trying to get better at is separating the result of the day from the way I actually traded.

I’ve had green days where I broke rules, forced trades, or got lucky on an entry I probably shouldn’t have taken. I’ve also had red days where I followed my plan, respected my risk, and simply had a trade that didn’t work. For a long time I judged the day mostly by the P&L. Now I’m trying to pay more attention to the decisions behind it.

I still care about making money, obviously, but I don’t want a green number to convince me that a bad decision was a good one.

Curious how other traders look at this. Do you judge the day mainly by P&L, execution, or both?

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u/JRirvero — 8 days ago

breakout trading question

i am a breakout trader well i am new at trading i been trading since june (demo trading) i notice when i do breakout trading i tend to get faked out alot ands it annoying so now i tend to wait for the candle to close but i feel that is not enough confirmation for me to enter the trade. and yes i do break and retest but i notice 90% of the time there is no break or retest it just melts through the s/r. so i there are any breakout traders who see this i need help. also i dont use indicators

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u/Proof_Mess8465 — 9 days ago

How to stop self-sabotaging on the home stretch of a prop firm payout? (Mindset & Psychological Pressure) - futures

Hey everyone,

I need some brutal, honest truth and advice from traders who have been through this exact loop. I know I have an edge, but my psychology is currently wrecking my execution, and I feel like I'm completely standing in my own way.

Here is my current situation and where I keep messing up:

  • The Setup: Trading NQ on a 25K Flex Funded Account. I’m dangerously close to a payout, which has turned up the psychological pressure to the maximum.
  • The Contrast: Last week, I had a clean 6-0 win streak, felt totally confident, and everything flowed. But ever since I started stressing about hitting my "3 profitable days" quota, my mindset completely flipped.
  • The Trap (Forcing & Chasing): Yesterday and today, I took stupid, rushed entries because I felt the FOMO of "needing to be in the move" even when my gut told me the entry was trash. I got stopped out, watched my target get hit without me, and now I’m down to $600 away from the EOD drawdown limit ($400 loss over two days).
  • The Emotional Toll: When I win, I'm cool and grounded. But when I lose? It hurts. It feels like personal rejection, it ruins my entire day, and it triggers a desperate urge to "fix it" right away. Every trade feels like life or death.

I’ve already stepped away from the charts for today because I know I am a danger to my own account. I know I am capable, but I am sabotaging myself through forced trades and running after the market due to account stress.

For those who have conquered this:

  1. How do you mentally hit the reset button when the proximity to the finish line creates this kind of internal panic?
  2. How do you separate your self-worth and mood from a losing trade so it doesn't spiral into revenge trading?
  3. How do you convince your brain that your edge isn't gone, and that it's just your emotional state that's hijacked?

Any harsh truths or practical routines are deeply appreciated. Thanks.

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u/TEleBlow5 — 8 days ago

Stop Chasing 100x Trades. That's Not What Day Traders Do.

Everyone wants to turn $10 into $15,000.

Almost nobody wants to turn 1% into 2%... hundreds of times.

That's the difference between chasing stories and building a trading business.

A 100x return belongs to investors who buy early and let time do the heavy lifting.

A day trader gets paid differently.

Your job isn't to find one trade that changes your life.

Your job is to execute the same edge over and over, protect your capital, and let compounding do what hype never will.

The irony?

Most traders blow up chasing the one trade that was supposed to make them rich.

Professionals get rich by surviving long enough for small, consistent gains to compound.

Investors compound assets. Traders compound execution.

Know which game you're playing.

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u/One_Egg_1137 — 10 days ago

A Trade Can Be Right… and Still Be a Bad Trade

​

One of the biggest lessons in trading is understanding that the outcome doesn't always tell you whether the decision was good.

You can take a trade that follows your strategy, manage your risk properly, and still lose.

That doesn't automatically make it a bad trade.

Likewise, you can break your rules, enter late, risk too much—and still make a profit.

That doesn't make it a good trade.

Judge the process, not just the result.

A good trader focuses on:

• Following the setup

• Managing risk

• Staying patient

• Accepting losses

• Reviewing decisions

Profit is the result.

Discipline is the process.

Do you judge your trades mainly by the outcome, or by whether you followed your plan?

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u/Global-Impression60 — 11 days ago

Feeling stuck in trading

​

I am 19 years old student from india. I am into trading and currently I am in break even phase figuring out for to become a profitable trader. And also I am feeling to quit trading etc stuff throughts in my head.

I have 2 years of experience in manual trading and currently I am starting algo trading in fx and indian market because I wanted to explore the algo trading field and i also a coder know how to code and i build some projects like backtested like that and currently learning

In trading i only trade fx market only setups based in gold, eurusd, btc etc like that only 3 to 5 pairs only. And i only trade in prop firms

For to become a profitable trader I need to improve some mistakes in trading i really do that i think that gone a help in to become profitable trader..

  1. I trade only intraday or 15 min to 30min candle tf do I keep my sl small i mean 1 to 3 candles like that sometimes due to votalility or sometimes hit my sl and gives my target.

  2. I plan my trades well or predict or analysis do well like where and how market goes but i didn't enter the trades or didn't caught the moves.

  3. I miss the moves in trading i feel so much regret and fomo for this .

4.sometimes I enter only in asset and one timeframe at a time 2 times of trades or take 2 trades at same tf or same level and that will go hit I think it's overconfidence.

  1. Sometimes i fear to enter the trades bz of loss and also sometimes i didn't hold the trades that will hit my sl trailing

  2. after reaching the trade 1:1 i keep sl trailing to entry level to prevent my loses and that will hit my sl trailing and archives my target for 1:3 trades.

7.sometimes I cut the trades at middle of the trade or at reversal stage (i mean i know this trade will go reversal or hit sl ) so i cut it.

The last one is how to pass the prop firms ?

These are my mistakes to improve in trading and i will improve it.

If you are a profitable trader please give advice.

Thankyou in advance for your advice. 🙌

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u/Purple_Concert8789 — 12 days ago

Should I stop or keep going? Or something else ?

I am a crypto trader on XAUUSD MAINLY

Its been 6 months

Last month I was profitable

Then, I went to trade in Bitcoin with a leverage of 100x leverage

And from there, my entire PNL started to look Red

Every time it hits my SL

I keep going for that 100x leverage just to recover that lost money

But I dig the hole even more deeper

I was trading in XAUUSD with full discipline and consistently with no Revenge Trading and with only 5x leverage

Now it has become like gambling in BTCUSD

So, should I continue or stop trading

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u/ResearcherPlane8452 — 12 days ago

How much backtesting is enough?

I've backtested a gold strategy from 2025 till now, having 1-2 trades per day, is this much enough to rely on it?

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u/naughtykiller — 12 days ago

Anticipating beginning of a Beartrend as oppose to a Bulltrend.

I 've noticed that price tend to consollidate, forming a long ranging period after price reached the bottom of a bear macrotrend, before it rallies up to start the bulltrend. My question is why does this not really happen at the top of bulltrend. It seems to just touch and run down immediately?

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u/Stunning_Snow2214 — 13 days ago

Honest question for trader !

Honest question for those who have a structured method what is your biggest enemy when you trade? The market, your broker, or yourself?

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u/twix_economie — 13 days ago

A trading edge

I heard there is no structural edge you can find on charts. Charts are random.

And the most hard part of trading is to find a real edge.

Is MSS/BOS and risk management along with psychology enough edge?

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u/zeex333 — 11 days ago