Within the last two months, we registered multiple new email addresses and applied for the trading account of the prop firm FundYourFX. After a couple of days, we always received a promotional email from (funded-trading.com), and of course, they promoted prop firm FundYourFX as you can see in the screenshot below:

Reviews portal (funded-trading.com), which could be owned by FundYourFX prop firm (unconfirmed information), promotes FundYourFX as the best prop firm in the world (even though we all know the reality). 

We wanted to remove the prop firm from our website, but we decided to give FundYourFX prop trading firm a 1-star rating to prevent traders from falling into a trap.

If you had a similar experience, share your story by writing a comment below.

The post Don’t get scammed! FundYourFX SCAM prop firm appeared first on Forex Prop Reviews.

Below you can find the conditions of the giveaway:

• Follow us on Instagram @forexpropreviews
• Comment and tag your 2 best trading friends
• Register at our forum and leave a comment under your favorite prop firm.

Two winners will be announced on the 22nd of January and will be randomly selected from comment sections across selected platforms upon meeting the conditions.

Go to our Instagram for entry, and good luck!

The post Forex Prop Reviews giveaway has started! appeared first on Forex Prop Reviews.

For the last two months, we put prop firm FundYourFX (fundyourfx.com) under our investigation microscope and found out that they are selling/giving clients’ data to the 3rd party prop reviews portal (funded-trading.com) that sends marketing emails to those particular clients of FundYourFX.

The following reviews portal (funded-trading.com) promotes FundYourFX prop firm as the best prop firm in the world (even though we all know the reality). We can not confirm if the reviews portal (funded-trading.com) is owned by prop firm FundYourFX. However, we confirm that prop firm FundYourFX is selling/giving data of their traders to the reviews portal funded-trading.com.

Even though the reviews portal funded-trading.com completely copies our website and the things that we do, that is not the case; we decided to post that in order to prevent traders from stealing their data, as we know this is an illegal thing. On their website, prop firm FundYourFX states that the client’s data are in the safe hand. Sadly, that is not true.

Within the last two months, we registered multiple new email addresses and applied for the trading account of the prop firm FundYourFX. After a couple of days, we always received a promotional email from (funded-trading.com), and of course, they promoted prop firm FundYourFX as you can see in the screenshot below:

In conclusion, we decided to rate FundYourFX prop firm with a 1-star rating to prevent traders from falling into a trap.

If you had a similar experience, share your story by writing a comment below.

The post FundYourFX selling your data! Stay away! appeared first on Forex Prop Reviews.

Many forex pairs have nicknames rooted in history, making forex trading all the more interesting. We’ve covered the most important currency pair nicknames right here! 

Forex Currency Nicknames

Every major currency in the world has a nickname. In India, you would’ve heard people call INR Rupiah. Similarly, these are the fx nicknames traders and non-traders use on a daily basis for communication.

1. USD: Greenback

The United States Dollar (USD) is known to be one of the strongest currencies in the world and the forex market. It’s also known by the name “Greenback”. There’s a historical context to this.

Back when the US was going through a civil war in the 1800s, the government decided to run an experiment by printing and issuing paper currency. The notes representing the new currency were green on the flipside (the back).

That’s how the name Greenback caught on. It was a literal nickname. Fast forward to 2022, the USD is often referred to as Greenback although it has other names like Benjis and Paper.

2. GBP: Sterling

The Great Britain Pound (GBP) is the de facto currency of the United Kingdom. To understand the reason why GBP is called the Sterling, we need to travel back in time. 

In fact, we’ll have to travel all the way back to the era of the Saxon Kingdom when silver coins called “Sterling” were issued. These Sterling coins were minted using a pound of silver. That’s why GBP is called Pound Sterling.

3. CHF: Swissy

CHF or the Swiss Franc is used as legal tender in Switzerland and Liechtenstein. If you’re wondering why the Swiss Franc is abbreviated as CHF, it is rooted in language.

The currency is legal tender in “Confoederatio Helvetica” which is the Latin name for the Swiss Confederacy. In forex trading, the CHF is called Swissy because it’s used by the Swiss. 

4. CAD: Loonie

The Canadian Dollar (CAD) is often referred to as the “Loonie” because of the Loon that’s present on the flipside of the CAD $1 coin. The Loon is an aquatic bird similar to the duck. The Loonie’s history starts in 1987. 

Printing paper currency was costly. That’s why the Canadian Government introduced the Loonie. It was a low-cost alternative to the CAD $1 paper note. The term Loonie, however, was popularized in the forex market by dealers and then eventually currency traders. 

The term became popular by leaps and bounds, so much so that the Royal Canadian Mint trademarked “Loonie”, which is often traded as a type of currency pair (major and minor) with the EUR, GBP, and USD. 

5. AUD: Aussie

The Australian Dollar (AUD) has a topsy-turvy history. It was launched in 1966 and was pegged to the Sterling standard. The very next year, it moved away from the GBP and was pegged to the USD. 

It wasn’t until 1983 that the AUD finally became a free-floating currency that was not pegged to any other foreign currency. The AUD’s forex nickname is Aussie as it is related to the nation of Australia.

Citizens and sports teams from the country are called Aussie(s). The name has caught on in the forex market as well, which is why the AUD is called Aussie or Ozzie due to the way it is pronounced in English-speaking nations. 

6. NZD: Kiwi

Another national currency from down under, the New Zealand Dollar (NZD) was launched in 1967. It was pegged to the Pound Sterling and USD standard just like the AUD but moved away from it in 1985.

If you’ve heard commentary on sports, you’d notice that New Zealanders are called Kiwi because of the bird with the same name. The Kiwi is a flightless bird that’s only found in New Zealand. It’s also the nation’s icon and symbol. 

That’s why most things from New Zealand are known as Kiwi, including the NZD. The NZD is traded as a minor type of currency pair while cross-currency pairs for it also exist. 

Forex Currency Pair Nicknames

What we know as the forex market today exists as a relatively well-regulated, 24/5 marketplace. However, the concept of forex trading isn’t new – it’s been going on for centuries. 

Some of the oldest currencies in the world like the USD, GBP, EUR, and others have been exchanged for one another throughout the ages. For example, USD-GBP has been changing hands since the 1800s. 

If something’s been around for that long, it’s bound to have a nickname. That’s why currency pair nicknames exist as they make things simple and are often rooted in history.  

1. GBP-USD: Cable

The GBP and USD have been traded since the 1800s. As communication became more efficient in the mid-1800s, forex rates for GBP-USD were communicated using cables. These cables ran across the Atlantic Ocean. 

Forex traders like large financial institutions relied on these Cables that transmitted telegraphs and with them, the exchange rates. That’s why GBP-USD’s nickname is Cable. 

While the world has moved away from cables, the nickname for GBP-USD has stuck around through the ages. What’s more, Cable was replaced by Fiber both in the context of technology and forex trading. Read on to know more.

2. EUR-USD: Fiber

The EUR was launched in 1999, shortly after which the EUR-USD pair overtook GBP-USD as the top traded currency pair in the world. EUR-USD’s nickname is Fiber. But there’s debate on the origins of the forex pair’s nickname.  

Some experts suggest that the EUR-USD was the new GBP-USD, similar to what Fiber was to Cable. Hence the EUR-USD “Fiber” nickname. Others suggest that cotton fiber used in the making of EUR notes was the reason. 

3. EUR-GBP: Chunnel

The English Channel separates England and France. There’s a tunnel that runs underneath the waters of the channel, acting as a corridor between the two nations. 

Interestingly, the Channel Tunnel was completed around the same time the EUR was launched. That’s why the currency pair nickname was coined “Chunnel”, a combination of the words Channel and Tunnel. 

4. USD-CAD: Loonie

The Canadian Dollar (CAD) has a history that dates back to the mid to late 1800s. One could say that CAD’s history is full of twists and turns, having been pegged to the US Dollar unit, Spanish Dollar unit, and an Independent unit.

Eventually, all three were merged into one in the late 1860s. Not long after, the Common Loon, a bird similar to the duck, was added to CAD’s $1 currency. 

That’s how the CAD and its North American pair with USD got the name Loonie. You’d often find American forex traders and Canadians themselves using the Loonie nickname for USD-CAD. 

5. USD-JPY: Ninja

The Japanese Yen is one of the most traded forex currencies. It became the official currency of Japan in 1871. JPY moved from being on par with the Spanish Dollar and Mexican Dollar to a gold standard.

The Japanese government eventually moved to a free float system in 1973. When the JPY entered the forex market as a pair with USD, it got the nickname Ninja purely because ninjas are home to Japan. 

6. GBP-JPY: Guppy

Forex traders call the Euro to Yen pair Yuppy. Similarly, GBP-JPY’s nickname is Guppy. The logic behind the currency pair name is simple. EUR’s EU and JPY’s PY make Euppy, pronounced Yuppy. 

Likewise, GBP’s G and JPY’s PY make Guppy. Although there’s another name for the currency pair called Gopher, it’s unclear where this nickname originated from.

7. EUR-RUB: Betty

The Russian Ruble has been in existence since 1992. It replaced the Soviet Ruble. However, the Ruble is also the last name of the Flintstones’ neighbors Barnie and Betty. That’s why the nickname for the currency pair EUR-RUB is Betty.

8. USD-RUB: Barnie

The Flintstones’ neighbor Barnie had the last name Ruble. That’s why the USD-RUB forex pair is often referred to as Barnie. As you may remember, The Flintstones was a popular cartoon show that ran in the 90s.

Conclusion

Currency pair nicknames are the result of history, symbols, convenience, or all three. Thus, forex traders use these nicknames as a way to address pairs easily, as many currency pairs may have interesting nicknames. 

Here’s a recap of all the forex nicknames:

• USD: Greenback/Buck
• GBP: Sterling
• CHF: Swissy
• CAD: Loonie
• AUD: Aussie
• NZD: Kiwi

Finally, here are forex pair nicknames:

• GBP-USD: Cable
• EUR-USD: Fiber
• EUR-GBP: Chunnel 
• USD-CAD: Loonie
• USD-JPY: Ninja
• GBP-JPY: Guppy/Gopher
• EUR-RUB: Betty
• USD-RUB: Barnie

The post Forex Nicknames appeared first on Forex Prop Reviews.

Trading movies are exciting to watch, and every trader or investor must watch them. In the following article, we have highlighted all trading movies, documentaries, and series that exist! Watching these movies helps us understand the finance and investment world better.

Trading Movies

Edison, the Man (1940)

Thomas Edison (Spencer Tracy) is an enterprising young inventor hungry for achievement. After he sells a version of the stock market ticker that he has perfected, Edison uses the money to open an “invention factory,” where he works on projects like the phonograph. When one of his friends boasts that Edison has invented an electric light before any such object exists, Edison must use all of his skill to complete the task, relying on innovation and trial and error.

Citizen Kane (1941)

When a reporter is assigned to decipher newspaper magnate Charles Foster Kane’s (Orson Welles) dying words, his investigation gradually reveals the fascinating portrait of a complex man who rose from obscurity to staggering heights. Though Kane’s friend and colleague Jedediah Leland (Joseph Cotten), and his mistress, Susan Alexander (Dorothy Comingore), shed fragments of light on Kane’s life, the reporter fears he may never penetrate the mystery of the elusive man’s final word, “Rosebud.”

Trading Places (1983)

Upper-crust executive Louis Winthorpe III (Dan Aykroyd) and down-and-out hustler Billy Ray Valentine (Eddie Murphy) are the subjects of a bet by successful brokers Mortimer (Don Ameche) and Randolph Duke (Ralph Bellamy). An employee of the Dukes, Winthorpe is framed by the brothers for a crime he didn’t commit, with the siblings then installing the street-smart Valentine in his position. When Winthorpe and Valentine uncover the scheme, they set out to turn the tables on the Dukes.

Working Girl (1986)

A day in the life of several prostitutes in an upscale Manhattan whore house. The film is a stark portrayal of the women prostitutes, the male customers and the motivations of both. Watch as the madam manipulates her “girls”. Watch as she answers the phone by saying “Hello John, what’s new and different?” Watch as the “johns” try to manipulate the “girls”. Part nudie exploitation, part sociological thesis.

Wall Street (1987)

On the Wall Street of the 1980s, Bud Fox (Charlie Sheen) is a stockbroker full of ambition, doing whatever he can to make his way to the top. Admiring the power of the unsparing corporate raider Gordon Gekko (Michael Douglas), Fox entices Gekko into mentoring him by providing insider trading. As Fox becomes embroiled in greed and underhanded schemes, his decisions eventually threaten the livelihood of his scrupulous father (Martin Sheen). Faced with this dilemma, Fox questions his loyalties.

Glengarry Glen Ross (1992)

When an office full of New York City real estate salesmen is given the news that all but the top two will be fired at the end of the week, the atmosphere begins to heat up. Shelley Levene (Jack Lemmon), who has a sick daughter, does everything in his power to get better leads from his boss, John Williamson (Kevin Spacey), but to no avail. When his coworker Dave Moss (Ed Harris) comes up with a plan to steal the leads, things get complicated for the tough-talking salesmen.

Barbarians at the Gate (1993)

Self-made multimillionaire F. Ross Johnson, CEO of RJR Nabisco, decides to take the tobacco and food conglomerate company private in 1988 after receiving advance news of the likely market failure of the company’s smokeless cigarette called Premier, the development of which had been intended to finally boost the company’s stock price.

Rogue Trader (1999)

This drama, based on a true story, follows Nick Leeson (Ewan McGregor), a young British man working at Barings, a major investment bank. Sent to Singapore and placed in a position of authority at the bank’s branch there, Leeson takes advantage of the thriving Asian market to make risky trades. Before long, he’s in over his head and tries to hide the losses. Fleeing the country with his beautiful wife, Lisa (Anna Friel), Leeson eventually has to face the consequences of his actions.

Boiler Room (2000)

Welcome to the infamous “boiler room” — where twenty something millionaires are made overnight. Here, in the inner sanctum of a fly-by-night brokerage firm, hyper-aggressive young stock jocks peddle to unsuspecting buyers over the phone — and are rewarded with mansions, Ferraris and more luxury toys than they know what to do with. In this unassuming Long Island enclave, Gen Xers chase the green at breakneck speeds, sometimes one step ahead of the law.

American Psycho (2000)

In New York City in 1987, a handsome, young urban professional, Patrick Bateman (Christian Bale), lives a second life as a gruesome serial killer by night. The cast is filled by the detective (Willem Dafoe), the fiance (Reese Witherspoon), the mistress (Samantha Mathis), the coworker (Jared Leto), and the secretary (Chloë Sevigny). This is a biting, wry comedy examining the elements that make a man a monster.

The Bank (2001)

Jim Doyle (David Wenham) is a mathematical prodigy trying to concoct a way of foreseeing stock market collapses. He’s approached by Centabank CEO Simon O’Reilly (Anthony LaPaglia), who is eager to co-opt Doyle’s potential breakthrough. As an employee of Centabank, Jim works toward his goal, while Simon is under pressure from the board of directors. Meanwhile, a working class couple with a vendetta pursues legal action against the bank. Inevitably, corruption soon rears its ugly head.

The Pursuit of Happyness (2006)

Life is a struggle for single father Chris Gardner (Will Smith). Evicted from their apartment, he and his young son (Jaden Christopher Syre Smith) find themselves alone with no place to go. Even though Chris eventually lands a job as an intern at a prestigious brokerage firm, the position pays no money. The pair must live in shelters and endure many hardships, but Chris refuses to give in to despair as he struggles to create a better life for himself and his son.

Gafla (2006)

An ordinary young man, Subodh, starts out as like any middle-class guy, with limited opportunities to survive and get ahead. It is Subodh’s journey into the stock markets and beyond through the eyes of different people in his personal and professional life. The film follows a story about big dreams. An adventure that starts with ambitious intentions but gets caught up in a crime-web.

Wall Street: Money Never Sleeps (2010)

Following a long prison term for insider trading, Gordon Gekko (Michael Douglas) finds himself on the outside looking in at a world he once commanded. Ostensibly hoping to repair his broken relationship with his daughter, Gekko forges an alliance with her fiance, Jake (Shia LaBeouf). Although Jake comes to view Gordon as a father figure, he learns the hard way that Gekko is still a master manipulator who will stop at nothing to achieve his goals.

Margin Call (2011)

When an analyst uncovers information that could ruin them all, the key players (Kevin Spacey, Paul Bettany) at an investment firm take extreme measures to control the damage.

Too Big to Fail (2011)

Financial leaders (William Hurt, Billy Crudup) spring into action when the U.S. economy falters in 2008.

Arbitrage (2012)

As he approaches his 60th birthday, New York hedge-fund magnate Robert Miller (Richard Gere) is the picture of success — at least on the surface. In reality, Miller is in over his head, trying desperately to sell his empire to a big bank before the authorities and his family uncover the depth of his fraud. Unexpectedly, a critical error forces Miller to juggle family, business and crime with the aid of a former associate, but a detective’s (Tim Roth) suspicions mean it may already be too late.

The Wolf of Wall Street (2013)

In 1987, Jordan Belfort (Leonardo DiCaprio) takes an entry-level job at a Wall Street brokerage firm. By the early 1990s, while still in his 20s, Belfort founds his own firm, Stratton Oakmont. Together with his trusted lieutenant (Jonah Hill) and a merry band of brokers, Belfort makes a huge fortune by defrauding wealthy investors out of millions. However, while Belfort and his cronies partake in a hedonistic brew of sex, drugs and thrills, the SEC and the FBI close in on his empire of excess.

The Big Short (2015)

In 2008, Wall Street guru Michael Burry realizes that a number of subprime home loans are in danger of defaulting. Burry bets against the housing market by throwing more than $1 billion of his investors’ money into credit default swaps. His actions attract the attention of banker Jared Vennett (Ryan Gosling), hedge-fund specialist Mark Baum (Steve Carell) and other greedy opportunists. Together, these men make a fortune by taking full advantage of the impending economic collapse in America.

Equity (2016)

An investment banker (Anna Gunn) tries to work her way up the Wall Street ladder while a prosecutor (Alysia Reiner) keeps an eye out for corrupt practices.

Money Monster (2016)

Lee Gates is a Wall Street guru who picks hot stocks as host of the television show “Money Monster.” Suddenly, during a live broadcast, disgruntled investor Kyle Budwell storms onto the set and takes Gates hostage. He tells Lee that he lost everything on one of his tips. As Gates tries to plead with Kyle, he’s also using an earpiece to communicate with his longtime producer in the control room. Together, they must figure out a way to defuse the situation and disarm the angry young man.

The Wizard of Lies (2017)

In 2008, stockbroker, investment adviser and financier Bernie Madoff made headlines around the world when he was arrested for perpetrating perhaps the largest financial fraud in U.S. history.

The Hummingbird Project (2018)

Cousins Vincent and Anton are players in the high-stakes game of high-frequency trading, where winning is measured in milliseconds. Their dream is to build a straight fiber-optic cable line between Kansas and New Jersey, making them millions, but nothing is straightforward for this flawed pair. Anton is the brains, Vincent is the hustler, and together they push each other and everyone around them to the breaking point with their daring adventure.

Bazaar (2018)

After moving to Mumbai, an ambitious young man becomes the stock trader for a notorious businessman.

Trading Documentaries

Billion Dollar Day (1986)

Billion Dollar Day is a documentary about currency trading created by the British Broadcasting Corporation on 4 June 1985. The documentary focuses on three traders, each located in New York, London, and Hong Kong. The traders are followed throughout a typical day in order to demonstrate the challenges and dedication of each trader. More than a Billion is exchanged during the course of 24 hours while trading GBP, USD, and German Marks. The documentary is considered a landmark in International Business Schools and currency trading circles.

Trader (1987)

Filmed before Wall Street’s October 1987 crash, TRADER is a one hour documentary of a fascinating man, Paul Tudor Jones II. It delivers a rarely seen view of futures trading and explains the workings of this frantic, highly charged marketplace. It also examines Jones’ prediction that America is nearing the end of a 200-year bull market. If he’s right — and he almost always is — this country and the world are about to experience economic changes of unprecedented proportions.

The Corporation (2003)

This documentary begins with an unusual detail that came from the 14th Amendment: Under constitutional law, corporations are seen as individuals. So, filmmaker Mark Achbar asks, what type of person would a corporation be? The evidence, according to such political activists as Noam Chomsky and filmmaker Michael Moore and company heads like carpet magnate Ray Anderson, points to a bad one, as the film aims to expose IBM’s Nazi ties and these large businesses’ exploitation of human rights.

Enron – The Smartest Guys in the Room (2005)

This documentary explores the fall of the Enron Corporation, arguably the most shocking example of modern corporate corruption. The company is linked with several illegal schemes, including instigating the California energy crisis as a way to drive up utility prices at the expense of the average American. In a hyper-competitive environment, Enron traders resort to all kinds of underhanded dealings in order to make money at any cost and keep their high-paying jobs.

Floored (2009)

Men and women on the front lines of the financial crisis struggle to remain relevant.

Capitalism: A Love Story (2009)

Filmmaker Michael Moore explores corporate greed, the global economic meltdown, and their disastrous effect on American lives. As he travels from the Heartland to the financial epicenter of New York and the halls of government in Washington, Moore delves into the price the country pays for its love of capitalism.

Chasing Madoff (2010)

In 2008, Bernie Madoff, a Wall Street fund manager and one of the most recognizable names within the business for his successful track record, gave himself up to authorities in operating what was arguably the largest Ponzi scheme ever orchestrated, defrauding his investor organizations and individuals to the tune of $50 billion US. For close to the previous ten years behind the scenes, who would become known as the Madoff whistle-blowers, with most of the proverbial heavy lifting in the matter carried out by Harry Markopolos, worked to expose what Madoff was doing as fraud. Working for Rampart, a rival firm based in Boston, Markopolos was initially tasked to develop a fund, using Madoff’s successful one as a benchmark. Within minutes of reviewing Madoff’s fund, Markopolos knew that Madoff was doing something illegal, probably a Ponzi scheme, to achieve the returns he was boasting, not yet realizing the reach and the value of the fraud.

Freakonomics (2010)

A 2010 American documentary film based on the 2005 book Freakonomics: A Rogue Economist Explores the Hidden Side of Everything by economist Steven D. Levitt and writer Stephen J. Dubner.

Inside Job (2010)

The global financial meltdown that took place in Fall 2008 caused millions of job and home losses and plunged the United States into a deep economic recession. Matt Damon narrates a documentary that provides a detailed examination of the elements that led to the collapse and identifies keys financial and political players. Director Charles Ferguson conducts a wide range of interviews and traces the story from the United States to China to Iceland to several other global financial hot spots.

Quants: The Alchemists of Wall Street (2010)

This documentary examines how the financial system has become increasingly dependent on mathematical models attempting to quantify human and economic behaviour and the huge risks they entail.

Money and Speed: Inside the Black Box (2011)

Based on interviews with those directly involved and data visualizations up to the millisecond, it reconstructs the flash crash of May 6th 2010: the fastest and deepest U.S. stock market plunge ever. Money and Speed: Inside the Black Box is developed by filmmaker Marije Meerman in close collaboration with design studio Catalogtree. This exploratory documentary is a marriage of strong storytelling and meticulous visual analysis. A rare opportunity to experience what is happening inside the black boxes of our rapidly evolving financial markets.

The Wall Street Code (2013)

The Wall Street Code discusses the inner workings of modern day financial markets and contrasts the current approach to trading with that of the past. It describes how the buying and selling of stocks is managed by computers executing programmed algorithms, rather than through human beings, leading to a tangle of coding that is nigh-incomprehensible to anyone but the people who coded them.

Money for Nothing: Inside the Federal Reserve (2013)

Nearly 100 years after its creation, the power of the U.S. Federal Reserve has never been greater. Markets and governments around the world hold their breath in anticipation of the Fed Chairman’s every word. Yet the average person knows very little about the most powerful – and least understood – financial institution on earth. Narrated by Liev Schreiber, Money For Nothing is the first film to take viewers inside the Fed and reveal the impact of Fed policies – past, present, and future – on our lives. Join current and former Fed officials as they debate the critics, and each other, about the decisions that helped lead the global financial system to the brink of collapse in 2008. And why we might be headed there again.

Betting on Zero (2016)

Hedge fund titan Bill Ackman is on a crusade to expose global nutritional giant Herbalife as the largest pyramid scheme in history, while Herbalife executives claim Ackman is a market manipulator out to bankrupt them.

Banking on Bitcoin (2016)

Bitcoin, the decentralized currency of the internet, grabs the attention of a curious public and the ire of the regulators the technology has subverted.

The China Hustle (2017)

Investors seeking new alternatives for high returns find a gold mine in China — until the discovery of a massive web of fraud calls everything else into question.

Becoming Warren Buffet (2017)

Warren Buffett is one of the wealthiest people in the world. The secrets behind his success form the spine of the feature-length HBO documentary Becoming Warren Buffett. In contrast to his tremendous wealth and influence, Buffett possesses a good-natured human touch. He drives himself to work every day, and even stops by the local McDonalds for an inexpensive breakfast sandwich along the way. To this day, he continues to reside in his hometown of Omaha, NE.

The China Hustle (2018)

Investors seeking new alternatives for high returns find a gold mine in China — until the discovery of a massive web of fraud calls everything else into question.

The Inventor: Out for Blood in Silicon Valley (2019)

With a new invention that promised to revolutionize blood testing, Elizabeth Holmes became the world’s youngest self-made billionaire, heralded as the next Steve Jobs. Then, just two years later, her multibillion-dollar company was dissolved.

Trust No One: The Hunt for the Crypto King (2022)

When the founder of a Canadian crypto exchange unexpectedly dies in India, customers suspect there may be more to the death than meets the eye.

Trading Series

Wall Street Warriors (2006)

Seasons: 3 Episode: 26

An HD documentary series examining the extreme power and intense competition that defines Wall Street, seen through the eyes of those who thrive there.

The Ascent of Money (2008)

Seasons: 1 Episode: 4

In The Ascent of Money, Ferguson travels the globe from Wall Street to Europe to South America and examines the mechanisms used by the world’s top financiers to generate maximum returns on their investments. He looks at the dangers posed to the world economy when risky strategies fail to pay off. The film takes complex financial vocabulary and presents them in layman terms to paint a picture of how the world of international finance truly works.

Million Dollar Traders (2009)

Seasons: 1 Episode: 3

Eight ordinary people are given a million dollars and a fortnight of intensive training to run their own hedge fund. Hedge fund manager Lex van Dam wants to see if they can beat the professionals

Billions (2016)

Seasons: 6 Episode: 66

Wealth, influence and corruption collide in this drama set in New York. Shrewd U.S. attorney Chuck Rhoades is embroiled in a high-stakes game of predator vs. prey with Bobby Axelrod, an ambitious hedge-fund king. To date, Rhoades has never lost an insider trading case — he’s 81-0 — but when criminal evidence turns up against Axelrod, he proceeds cautiously in building the case against Axelrod, who employs Rhoades’ wife, psychiatrist Wendy, as a performance coach for his company. Wendy, who has been in her position longer than Chuck has been in his, refuses to give up her career for her husband’s legal crusade against Axelrod. Both men use their intelligence, power and influence to outmaneuver the other in this battle over billions. The high-profile cast is led by Emmy winner Paul Giamatti (“John Adams”) as Chuck Rhoades.

Industry (2020)

Seasons: 2 Episode: 16

Graduates from all walks of life compete for a limited number of available full-time employment opportunities at Pierpoint, a top investment bank in London. The graduates include Harper Stern, a Black upstate New York native who uproots her life in pursuit of success, despite having lied about the university she attended, Hari Dhar, a state-school graduate and child of Hindi-speaking immigrants, Augustus “Gus” Sackey, a gay Black British graduate of Eton and Oxford, Robert Spearing, a white working-class Oxford graduate who is eager to please, and Yasmin Kara-Hanani, a privileged, well-connected child of Lebanese parents with an underachieving, drug-addled boyfriend.

Real Forex Trader (2020)

Seasons: 3 Episode: 51

Samuel Leach UK Forex trader, put reputation and £150,000 on the line to prove that anyone can become a profitable trader. 18 ordinary people with no trading experience will undertake one of the biggest challenges of their lives as they compete to become a consistently profitable trader.

In conclusion

While a lot of these stock market movies do cover topics like corruption and crime, they still teach us a lot of important details about the market. You can combine education and entertainment by watching these incredible films that can provide some insight into the working of the global markets.

Did we miss any?

Should we include any movies to this list? Shout out in the comments below, and let us know!

The post All Trading Movies, Documentaries, and Series in one place! appeared first on Forex Prop Reviews.

Recovering from a drawdown on a prop firm account is much harder and different from a personal account since the amount allowed to lose is limited from 8-12% (Max Loss). You can find the video comparison between the Prop Trading account and the Personal forex trading account here.

In the following article, you can find a solution that will protect you from hitting the Max Daily Loss limit, which is from 5-6% on average. If we check some Most Popular prop firms, Max Daily Loss at E8 Markets and FundedNext is 5% and at The Funded Trader is up to 6%.

Let’s check what the drawdown actually is:

Types of drawdowns

Relative Drawdown and Absolute Drawdown

One of the keys to success in trading is in understanding the difference between relative and absolute drawdown.

Many prop firms will calculate the drawdown allowed on a fixed basis (for example, FTMO). A fixed amount of money the trader is allowed to lose is calculated from the initial account balance. This is known as absolute drawdown.

Still, some prop firms will ask you to respect a relative drawdown, where the stop-out level trails as your account grows and is calculated every time the highest equity point is reached. Relative drawdown keeps the trader from compounding the account and increasing the lot size used.

Example of relative drawdown: Let´s say a prop firm has a 5% relative drawdown on their accounts. On a $100K account, the maximum amount of money to be lost is $5000, being $95000 at the stop out or termination level.

But when you make a profit of, let’s say $200, your new stop-out level is adjusted to $97000, always allowing you to lose only $5000. In Absolute Drawdown, on the other hand, your stop out level stays the same $95000.

How to protect your account from drawdown?

Equity Sentry EA is software for traders which closes all open positions and closes all open orders in specific situations.  The primary function of the Equity Sentry EA is to allow Forex traders set a “Hard Stop” level to protect the account from unexpected drawdowns. Also, it has other additional useful features like “Evergreen Profit Target” and “On Timer Actions.”

Equity Sentry EA is designed to monitor MT4 account 24/7 and perform specific operations and safety procedures when predefined conditions are met.

When market price declines to a particular level ESEA will close all open positions and disable all Expert Advisors even if you use a trading robot which opens new orders immediately after old ones get closed. ESEA will shut down other EAs before closing positions eliminating the chance of any new positions being opened.

Equity Sentry EA is probably the only app for MT4 to prevent other EAs from opening new trades after the Hard Stop is triggered.

With the ESEA you can keep the drawdown low and not worry that your manager or some Forex trading robot will blow your account.

Also, ESEA can monitor not only open positions (floating profit/loss) but also closed trades too. It means ESEA can detect series of closed losing trades automatically and take necessary security actions.

How does work Equity Sentry EA?

Below you can find a 1h+ long video about Equity Sentry EA, where you can find all the useful information.

The post How to protect your trading account from drawdown appeared first on Forex Prop Reviews.

Forex trade, also known as Foreign Exchange or FX Trading, is merely the conversion of one currency into another. It is one of the most industrialized traded markets in the world. Forex trade’s average daily trading volume is $5 trillion.

As explained above, Forex trade is a huge market base that requires a good investment of time. But do you really have time? Let me guess! I believe you do not. But do not worry anymore. We got you covered in this article. Approximately 9.6 million people around the world are now forex traders. A huge portion of the 9.6 traders considers the forex trade business as a side hustle. But the question is how?

A necessary portion of the global traders is utilizing the forex trade copiers to facilitate the process of coping trades from their providers to their Mt4 or MT5. What is a forex trade copier?

In simple words, Forex Trade Copiers are brilliant softwares that use complicated algorithms to copy signals from master MT4 or MT5 accounts into MT4 or MT5 accounts. Forex trade copiers give you better chances of earning more profits. Your forex business needs a forex trade copier not to lose any open trade anymore.

Best Forex Trade Copier to Use in 2023 – Top 7

We’ve tested out dozens of forex Trade Copier platforms to find the 7 best forex Trade Copier platforms in 2022:

1. MT4 Copier (Local Trade Copier) (10% Discount Code: FOREXPROPREVIEWS)
2. Forex Copier 3 (50% Discount Code: FOREXPROPREVIEWS)
3. Telegram Fx Copier – Best Telegram trade copier
4. Telegram Copier (10% Discount Code: FOREXPROPREVIEWS)
5. Duplikium Trade Copier – Best cloud-hosted trade copier
6. FxBlue Trade Copier – 100% Free trade copier
7. 4X Solutions Trade Copier – Used by more than 15,000 traders worldwide

1. MT4 Copier (Local Trade Copier) (10% Discount Code: FOREXPROPREVIEWS)

Local Trade Copier is a lightweight EA that allows you to copy forex trades from one MT4 account, to multiple other accounts automatically. This allows you to manage multiple positions on multiple accounts just from one master account without having to ever log into the copier accounts.

The product has been used by our team and thousands of others traders around the world for the last few years, and it’s allowed traders to manage funds for family, trade prop firm capital, mitigate portfolio risk, and start selling their trades! 

Features

Trade Multiple MT4 Accounts, At Once

The EA works by very simply copying your trades from one MT4 account to multiple other accounts. This can be done across various different brokers, base currencies, and account sizes. Once set up, which takes about 5 minutes, you will be simultaneously trading multiple accounts at once until you turn the EA off – making it completely passive, and it really does run itself!

Manage Risk On A Portfolio Of Accounts

There is a solution to manage risk across multiple accounts at the same time, as you’re able to pre-select the risk perimeters on the client/copying accounts. You could have your portfolio split (example):

• Main Account – 1% risk per trade
• Copier Account 1 – 2.5% risk per trade
• Copier Account 2 – 5% risk per trade

Being able to select the amount of risk you want to take per trade on each account allows you to be really flexible and capitalize on higher-risk trading without risking your main capital!

Scale Prop Firm Trading Capital

The best feature is allowing traders to scale their prop firm funding by copying trades to multiple accounts at the same time. By using some of the Best Prop Firms, you’re able to take on huge amounts of trading capital relatively fast. Your trading portfolio could look something like this:

• Main account trading 1% risk with a regulated broker like ICMarkets
• FundedNext Challenge – $200,000 of funding
• Finotive Funding Instant Funding Account – $50,000
• E8 Funding Challenge – $250,000 of funding

By using the EA to copy your trades, you can quickly amass funding from multiple prop firms and scale your trading capital much faster than you ever could do on just one account – pretty cool, right?

No Software Needed

One of the best things about this tool is the fact you don’t need any software or external programs to make it work. The EA is extremely lightweight and uses very low CPU/memory consumption.

All you need to run the EA is MetaTrader 4 setup and another MT4 on the computer downloaded for every account you’re looking to add. I’d recommend running this on a Forex VPS so you don’t accidentally close MT4 applications when you’re working! We have a full review of a VPS I have used for years, Forex VPS, if you’re interested.

Local Trade Copier Plans And Pricing

When it comes to value for money, it’s really hard to beat Local Trade Copier. There are two payment options to use the service, either monthly or annually. When you pay annually you will be saving some money of course, compared to just a rolling month on month payment.

LTC Personal :

This is going to give you 1x license that you can connect to unlimited master and clone accounts. You can transfer the license between as many computers as needed but it’s only allowed to be active on one computer at a time. 

LTC Manager :

This will give you all of the same features as the personal package but 5x simultaneous licenses, as well as position size splitting and martingale mode, which some trades might find useful.

LTC VIP :

The VIP package is the most costly and will allow you to have 15x simultaneous licenses running, as well as the other features of the LTC Manager package.

For the majority of retail traders, the Manager and VIP packages are definitely overkill. I’d recommend starting with the Personal package and staying with that for the long term unless there’s a reason why you need 5 licenses running at once (it would need to be a fairly big operation running to warrant that).

2. Forex Copier 3 (50% Discount Code: FOREXPROPREVIEWS)

Forex Copier 3 is a software solution that allows you to copy trades from one account, to multiple different copier accounts. This allows you to open positions, manage positions and close trades across a range of different brokers and platforms, simultaneously whilst only controlling your main account.

The product has copied over 5,000,000 trades over the last 11 years and is used by nearly 5000 forex trades around the world. Let’s take a look at the features…

Features

Copying Trades Between MT4 and MT5

The best feature that Forex Copier has, which MT4 Copier doesn’t, is the ability to copy trades to MT4 accounts from an MT5 account or from MT5 accounts to MT4 accounts. The majority of trade copiers will just allow you to go from MT4 to MT4, which proves a problem for people looking to take on clients with MT5 accounts. As more and more traders are moving to MT5, this is a MUST!

Risk Management Settings

There are a range of risk management settings allowing you to fully customise the position sizing, stop losses, take profits, prices, emergency stops etc. This is ESSENTIAL if you’re going to copying trades onto multiple accounts as without this, you’re going to be having to still manually intervene which won’t be possible with more than just a few accounts!

Trade Copying Previews

The software has a current orders section, where you’re able to view the trades you are getting into. This is a great feature to double-check that the trades are being copied correctly, as you can group together pairs, times, order sizes, etc., to easily analyze what’s going on.

Forex Copier Plans & Pricing

Unlike MT4 Copier, which uses a monthly subscription, Forex Copier uses a one-time payment for lifetime access to the tool. The usual price for the software is $299, but there is usually a discount running making it usually around $180 for the full package. This, of course, comes with support and everything you’ll need to get set up and going, alongside a 30-day money-back guarantee.

There is a free/demo version of Forex Copier. You’re limited to a maximum number of master and receiver accounts of 2 – which definitely vastly limits what you’re able to do with the tool, but it’s enough to let you see if you like the layout, and structure and could make it work for your own trading.

If you’re taking this seriously and looking to connect a range of different trading accounts to copy, you’re going to need to be getting the full version.

3. Telegram Fx Copier

With so many traders online offering guidance and live trade updates, it can be a potentially amazing opportunity to see what trades these professional traders are in so you can learn from their analysis and even profit on the back of it. The issue with trying to keep up with these trading calls is the fact that normal life gets in the way, the majority of budding traders can’t be sat at their laptop all day long, watching calls coming in… This is where Telegram Fx Copier comes in.

Features

Copying Trades No Matter What Language

The software can copy all trades from your Telegram, onto your chosen MT4/MT5 account – no matter what language the signal is sent in. It can even be sent in images, the solution will still read the trade and get it copied perfectly onto your account, in less time than a human could! It actually takes the tool just less than 5 seconds to read the message and get your order placed in the markets meaning this is completely viable for those signal channels that send intraday plays.

Risk Management Tool

The tool comes with a huge amount of risk management options, allowing you to fully customise stop losses, take profits, risk, lot sizes and much more. Alongside the risk management trading options, there is also an analytics panel that allows you to see which of your Telegram channels are profitable over the long term and which ones are detrimental to your account balance. This is something that competitors certainly aren’t offering and personally I think having access to these analytics is extremely valuable as you can cut out the losing channels when needed.

Supports All Telegram Chats And Channels

Telegram Fx Copier is compatible with all of the Telegram channels and chats you could be joining. With some of the other providers, they are only able to work with certain types of channels – that doesn’t apply to Telegram Fx Copier and you’ll be able to copy trades from wherever you fancy!

Telegram FX Copier Plans & Pricing

Compared to some of the other forex trade copiers on our Best Trade Copiers list, the price of Telegram Fx Copier is fairly competitive and certainly not too far on the high end. For instance, with MT4 Copier you’re going to be paying maybe £20 per month for unlimited copier accounts. Whereas for 1 MetaTrader account with Telegram Fx Copier, you’re looking at $179 for a lifetime subscription to the software. When you think about how much money you stand to make from your favourite traders signals, this is fairly minimal over the course of a few years.

The price scales up to $799 for 10 accounts copying the forex trades but in all honesty this is going to be overkill for the majority of traders just doing this as a bit of a hobby. I would recommend the most popular 2 MetaTrader accounts license for $249 as this allows you to experiment with multiple traders and multiple risk parameters. If this is again too expensive for you, I would recommend looking at some of the offerings from other trade copiers in the industry, like Forex Copier 3.

4. Telegram Copier (10% Discount Code: FOREXPROPREVIEWS)

Telegram Copier is the most used Telegram trade copier.

5. Duplikium Trade Copier

Duplikium Trade Copier is a fully cloud-based trade copier solution, offering unlimited accounts, low latency, a huge range of advanced features and cross-platform functionality. This software is going to be a must-have for fund managers and traders working across MT4, MT5, cTrader, DXtrade, TradingView, LMAX, or FXCM.

6. FxBlue Trade Copier

FxBlue has released a trade copier, working across MT4 and MT5 that allows trades to be copied perfectly, with low latency and comes with a range of risk management features. Trades can only be copied from one master account, to one receiver account which is the only downside to this free tool. For most retail/hobby traders, FxBlue will be more than good enough for your trade copying needs!

7. 4X Solutions Trade Copier

4X Solutions is the trusted trade copier used by over 15,000 traders worldwide. The solution is completely cloud based, easy to setup, comes with advanced risk management capabilities and it can be scaled up to 10,000 copier accounts! 4X solutions is trusted by some of the worlds largest retail forex brokers.

The post Best Forex Trade Copier appeared first on Forex Prop Reviews.

In this guide, we’ll review the 11 best Forex VPS services to use in 2023. We’ll also explain how Forex VPS services work and why traders should consider using a VPS for Forex trading.

Best Forex VPS to Use in 2023 – Top 11 List

We’ve tested out dozens of Forex VPS platforms and have gathered the 11 best Forex VPS services of 2023:

1. Forex VPS (20% Discount Code: VPSREVIEW)
2. ScalaHosting
3. QuantVPS
4. FXVM
5. Trading FX VPS
6. Hostinger
7. VPS Forex Trader
8. InterServer
9. Hostworld
10. OneVPS
11. InMotion Hosting

The Best Forex Trading VPS – In-Depth Comparison

How we ranked the best Forex VPS hosting providers:

1. We looked at and tested the accessibility, environment, speed, and reliability of the servers.
2. We evaluated the terms, reputation, and support of the Forex hosts.
3. We compared pricing packages and the possibility of growing your business.

Want to choose the best VPS service for Forex trading? Check out the reviews below and pick the optimal provider for you.

1. Forex VPS (20% Discount Code: VPSREVIEW)

Forex VPS is an industry leader in delivering specialized VPS services uniquely designed for forex traders. Established in 2013 and led by Nick McDonald within Think Huge Ltd, operating as Forex VPS.net, the company has garnered worldwide praise for its exceptional services.

2. ScalaHosting

Founded in 2007 and led by Vladislav Georgiev, ScalaHosting is one of the leading companies within the realm of web hosting technology. The company is renowned globally for its commitment to delivering state-of-the-art solutions to a wide-ranging clientele.

3. QuantVPS

QuantVPS offers high-performance virtual private servers (VPS) designed for traders who require low-latency connections and reliable infrastructure. Their servers are optimized for speed, stability, and security, making them ideal for executing trades efficiently across various platforms.

4. FXVM

Founded in 2013 and led by Nick McDonald under Think Huge Ltd, operating as FXVM.net, the company has established itself as a frontrunner in providing specialized VPS services crafted specifically for forex traders. FXVM has earned global acclaim for its outstanding services.

5. Trading FX VPS

Trading FX VPS is a company that specializes in delivering VPS services uniquely designed for forex traders. Established in 2014 and led by Ace Zhuo within Next Era Pte. Ltd, operating as TradingFxVPS.com, the company has gained worldwide recognition for its exceptional services.

6. Hostinger

Hostinger stands as a prominent web hosting solutions provider, catering to a community of over a million creators hailing from more than 150 countries. Originating as a tech startup based in Lithuania in 2004, we continue to thrive under the leadership of our CEO, Arnas Stuopelis.

7. VPS Forex Trader

VPS Forex Trader is a company committed to providing tailored VPS services specifically crafted for forex traders. Founded in April 2011 and overseen by Martynas Žvirblis under the umbrella of Hostline, UAB, operating as VPSForexTrader.com, the company has earned global acclaim for its outstanding services.

8. InterServer

InterServer stands as one of the leaders in providing tailored VPS services tailored to their specific clientele. Since its establishment in 1999, under the guidance of Mike Lavrik and John Quaglieri at InterServer.net, the company has earned global acclaim for its outstanding services.

9. Hostworld

Hostworld is a company led by Andrew Storey, boasting over 23 years of experience. They are providing tailored VPS services to their clients. Their exceptional hosting services, coupled with outstanding performance and customer support, have earned them global acclaim.

10. OneVPS

OneVPS is a company that specializes in providing tailored VPS services specifically designed for forex traders. Founded in 2013 and under the leadership of Nick McDonald within Think Huge Ltd, operating as OneVPS.cloud, the company has gained global recognition for its outstanding services.

11. InMotion Hosting

InMotion Hosting is a company that offers tailored VPS services designed to meet the specific needs of various clients. Established in 2001 and under the leadership of Sunil Saxena and Todd Robinson, the company has earned global acclaim for its outstanding services.

How to Choose a Forex VPS?

Ready to pick out your VPS provider? Let’s go through a checklist of key features to consider before making the purchase.

• Server Locations – Providers usually place their data centers near popular brokerages. This helps avoid latency issues so that you can execute trades faster and always get the most favorable exchange rates. Just make sure the provider sells machines close to where you trade.
• Hardware Specifications – Better hardware with stronger internet connectivity speeds up the communication between your server and your Forex brokerage. Check out what kind of hardware Forex VPS providers use, as well as the servers’ uplink speeds.
• Software – Make sure the software you want to use is supported. Most people use MetaTrader, which means running Windows on the VPS. You could also set it up on Linux, but you’d have to use Wine for setting up Windows apps, and that’s much more complicated.
• Security – You really don’t want your trading VPS going down. Pick a provider that implements all the necessary security measures to fend off attackers. DDoS protection is essential to stop anyone from purposefully blocking your virtual Forex trading efforts.
• Uptime of 100% – Each time your server experiences an outage, you’ll miss out on potential trades and likely lose money. A good provider typically offers an uptime guarantee of at least 99.9%.
• Support – If there’s a problem with your server, you’ll want it taken care of quickly. A knowledgeable and experienced support team is essential here. You should dedicate at least a few minutes to get in touch with them and see how they respond before you commit to a server.
• Price – Trading is only worth it if you earn more than you spend. You can always consider several providers that fit the bill and see which one offers the best rates.

The post Best Forex VPS appeared first on Forex Prop Reviews.

We have asked them directly why they have closed Discord chat for the community, and they stated that their support agents want to focus on serving clients through live chat and emails only. The full answer you can read below:

If you would like to join their read-only Discord chat, simply click on the image below.

True Forex Funds has a 15% cashback option for those who purchase a challenge through our affiliate link

You can visit the True Forex Funds website or read our review.

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Stay tuned for more video reviews about the proprietary firms listed on our website in the near future!

The Funded Trader Program 10% discount code: forexpropreviews

You can visit The Funded Trader Program website or read our review.

Funded Trading Plus 7% discount code: FOREXPROPREVIEWS

You can visit Funded Trading Plus website or read our review.

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