#530: An Interview with The 5%ers Prop Firm

An Interview with The 5%ers Prop Firm  Podcast: Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Visit The5%ers Website. Click here! #530: An Interview with The 5%ers Prop Firm In this video: 00:27 – There’s a lot of interest in prop firms right now. 01:37 – What makes a trader a successful prop firm trader. 03:50 – You must be able to trade first.  04:58 – Different account types with The 5%ers. 05:38 – What’s the payout performance ratio? 07:00 – What makes The 5%ers a better prop firm? 09:48 – Our clients have success with The 5%ers. 12:00 – Prop firms can remove emotions from your trading.  13:37 – Contacting The 5%ers. Andrew Mitchem Hi! Everybody. Andrew here at the Forex Trading Coach, welcome along to this week's weekly video and podcast. Something different for you this week. I am joined by Saul who's the manager of the firm called the 5%ers. Welcome along. Saul Lokier Yeah, thank you, Andrew. Thanks for having me. There’s a lot of interest in prop firms right now. Andrew Mitchem Awesome to have you here! Yeah. Look, we’re getting a lot of people interested in prop firms. Now, I know you guys have been around since 2016, and I can see on your website, which is probably one of the oldest prop firms around. Could you just give everybody a bit of an overview of what you do, what a prop firm is for those who don't know and how traders can take advantage of using a prop from. Saul Lokier Yeah, good start. So basically we are recruiting. We're looking for traders, retail traders to get evaluated by us, you know, through our challenges, through our evaluation programs. And once they complete those challenges to come and start managing our capital. So you might be familiar with the old prop firms in which, you know, you have a few amount of traders managing very large amount of accounts of money. Andrew Mitchem Yes. Saul Lokier So we're doing something similar. But instead of giving, you know, billions of dollars for management to a few traders, we have many, many traders. We have literally thousands of traders managing relatively small accounts. So so that's the idea. What makes a trader a successful prop firm trader Andrew Mitchem Yeah. Nice. And over those that time, what have you found is the right type of person to be more successful. Like, is it a trading style? Is it a money management thing? Is a mindset thing. What in general would sort of make the more successful person? Saul Lokier It's the view that you answer me because, you know, back in the day before started managing the company, I, I used to spend a lot of time talking to our traders and talking to our higher funded traders. And I started doing a little bit of research what this traders had in common, because, you know, I saw some of them use indicators and some of the used some of them used ...