LIVE ACCOUNT or PROP FIRM? A Comprehensive Guide

In this video I discuss the pros and cons of trading with a Live Account or with a Prop Firm Account. Hopefully, this will give you a better idea on what would be more ideal for your situation and style of trading.

The FIVE factors I will talk about are:

1. Account Ownership
2. Regulations
3. Profit Potential
4. Financial Risk
5. Trading Rules

At the end of the day, as a trader you should ALWAYS manage your money and your risk. Every choice you make is a trade. When you go to work, you trade your time for money. When you drink a bottle of coca cola you trade your health for quick gratification. Everything is a trade. If you go with a prop firm, treat it with the same respect as a live account. If you trade with a live account with a small balance, treat it like it is a large balance. Your wealth is a consequence of who you are as a person and how you live your life.

Trade smart, trade safe!

- R2F