Ftmo challenge reddit. 200K on FTMO? At that point 1% is 2000, and 10% is 20000.
Ftmo challenge reddit You have to be profitable to be able to make money on their Trading 2 1/2 year u got any tips for on trading indicies (nas,us30,Spx) during nyse open at 6:30 I’m trying to focus on that with my next ftmo challenge (I’ve failed 5 100k acc 😂😂😂) 🤦🏾♂️ Welcome to r/FTMO_Forex_Trading! If you're here, chances are you're looking for some tips on how to pass the FTMO. - To be with other like-minded forex traders. Around 90% fail the challenge, and those who pass, around 90% lose their account in a short time. It was my first challenge and I couldn’t believe it was actually happening. I'm new to FTMO. Also I'm fairly sure FTMO gives you a demo account after you've passed the challenge, and then they copy the trade onto a real account so there may be 1 pip differences by the time an order is filled which in your case could be huge. Most importantly, have fun! Your trading journey is a marathon, not a sprint. My question is: Can I just open two positions on two separate days and close them right away for a break even, or will it be considered as "cheating"? Thanks in advance for your help! FTMO Forex Trading Community was created with the following intentions: - To help new and professional traders learn and improve their forex trading skills as best as we can, - To help Traders know more about FTMO and how to get funded by them, - To help/guide new traders in passing the FTMO challenge and verification stage. Forgive me but wouldn't it have been wiser to take up the challenge with the biggest account like for eg. Desde então, procuramos cooperar com traders sérios para capitalizar os dados que fornecem sobre a sua atividade e receber recompensas pelo seu desempenho em contas de fundos virtuais – As FTMO Accounts. com challenge. After the 30 days I was not able to get my account to break even. Don't panic towards the end of the challenge to meet the profit target by risking more. I can't find the stats on how many traders have been funded for the year 2020 in FTMO. I have not loss one trade. If they fail, you are still out FTMO's challenge fee. But if I continue trading my current FTMO challenge, it does not look like I will reach the 10% target in this month either (the current challenge looks like it is heading to a free repeat again this month). So once you withdraw your profit for those 30 days it restart like a challenge. Check out my shared screenshots with FTMO challenge stats for a closer look at the journey to success. As for risk management, a 1:3 risk-reward-ratio with just a 2% risk on solid trades was my golden rule. etc. I have come along way! Please share your experience with trading or even FTMO :) 22 votes, 24 comments. -Share FUNNY Trading Countless YouTube videos, Udemy courses, Google searches. 32% and 4. I just recently got my first FTMO challenge. I failed my FTMO challenge today. MyForexFunds is a prop firm out of Canada with similar challenge parameters as FTMO. I’m not saying its not hard. The majority of challenge takers are not aware of this and are risking only 1% to 2%. They're probably manipulating spreads, slippage & swap. Step 1 – FTMO Challenge. Hello! I already passed ftmo demo trial for 14 days for 3 times already. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. No challenge is based on balance or you could start with 50k, have a trade open that’s negative like 20k, and when it goes to 55k you close it and win the challenge. I bought the 10k challenge and plan on working my way up to 100k and just using profits to scale up and pay for the next challenge. Most people tend to still take the initial capital before entering the trades (let's say 25. I also did the same with an account on my wife’s acct and had 100k x6! Posted by u/[Deleted Account] - 2 votes and 18 comments No. Looking through the trades since I triggered the challenge to start. I blew two of them after just one payout from each, and one of them I couldn't make a profit before losing it eventually. We are currently recommending and standing by FTMO. Because every account you withdrawal from it’s going to say passing. com is a platform that provides traders with the opportunity to trade with real money and potentially join their trading team. com Challenge!. Questions I'm going to take part in the FTMO challenge soon but I'm not sure if FTMO lets you keep your profits during the challenge and verification stage. Stop taking ftmo challenge. So from my assumption it’s basically like the verification and FTMO challenge without a target. ” So you could do news if you wanted to just to pass the challenge and get your funded account but then going forward you Please explain it like I’m five. If you're here, chances are you're looking to join the ranks of professional traders and are looking for the best way to succeed in this challenging process. Only 8% of all challenge takers pass. So today I failed my FTMO challenge. 5% a trade, I just feel like I have been so unlucky this whole time, I haven't won a trade so far this week and There's an interview with FTMO CEO where he mentions 94%trader fail the challenge. FTMO is legit, and I assume they have a lot of very successful traders. Our FTMO Challenge is the first step of our Evaluation Process. 000) as their calculation-basis and call funding firms a scam because their account balance never went under 20k (25k I purchased my first ftmo challenge Questions on Monday and was up like $1. Another point of view, Just position yourself as new trader - passing challenge on FTMO is regarded as an achievement of some kind and you would want to brag it here. 7k for 2 days but I wasn’t in the mood today and I placed a bad entry which it touched my stop loss and I placed 3 more after obviously i went even more down. Can't trade within 2 minutes before and 2 minutes after. 8 - Win rate of 55-60%. Hey everyone, I've recently got into ftmo, and on my first try, I passed the stage 1 of ftmo, onto stage 2,its a different story, I've been quite unlucky, ad after a series of trades I'm now down 9. And if you get lucky and you pass, you won't hold the account for long. So, for example a common challenge is to do 8% in a month. Hey guys, I am currently doing an FTMO Challenge. -ftmo's business model is based on the failed challenge fees. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. And looking where price moves to. As for the type of news, I'm not too sure, but you can check the link as they provide an economic calendar. The rules for the Challenge Passing help you handle risk management better. You don’t get any of the profits from the challenge. 6% and I've almost failed the challenge, I'm not sure how to get out of this but I might need some advice, do I carry on with my strategy and hopefully get 2 wins in a row or do I risk it all with If you're in the scaling plan, you get a new "initial balance" reflecting the "scale up". Anyways can some one explain what's happening also I've got no open trades right now and everything is realized. Antes de obterem a FTMO Account, têm de passar o processo de Avaliação, denominado FTMO Challenge, seguido da etapa Verification. I have a Myforexfunds live account and have recently failed phase 2 of another challenge. Should I go for it na ba? The only hesistation for me in mind is yung money na idedeposit ko for the real challenge lol. true. Upon completing the Evaluation Process, traders are offered to enhance their trading skills on an FTMO Account in a demo environment as FTMO Traders with a balance of up to $200,000 in fictitious funds. Sorry OP but that's a dumb question. Long story short, I want to aim for a €40,000 challenge next year and wanted to ask you what your experiences are with FTMO and what you can possibly give me tips along the way. Welcome to the r/FTMO_Forex_Trading subreddit dedicated to discussing strategies for passing the FTMO. 46 :D Soooo happy Guilty of doing news releases too hahaha and for what it’s worth it says here “Please note again, these restrictions on trading during the restricted news events do not apply to FTMO Challenge or Verification accounts. FTMO developed a unique Evaluation Process for traders, consisting of an FTMO Challenge and a Verification, specifically tailored to discover trading talents. I cut my lot size in half to finish. i’ve been reading posts and comments about FTMO’s challenge of 10% for 30days is ridiculously high. I did the challenge myself. I could see I was trading in a emotional state and felt very isolated. This includes unrealized losses. I learned to trade with a family member and when I started 4 months ago I was reading the graphs really well and it was a fun learning experience. This is my 3rd time with FTMO. Seeing a lot of videos lately of people passing FTMO challenges on Youtube. - Each challenge was done separately, months between one and another. I was in gain and their metrics were telling that I failed the max daily while at the same time I was in gains of over 1k. 5-1. I don't understand why my win rate is 93. I’ve been trading since I got out of high school 2021. 7 and 2. 200K on FTMO? At that point 1% is 2000, and 10% is 20000. Do not be tricked by fly-by-night firms offering cheap thrills. Regarding account management, MyForexFunds put out some interesting statistics about their traders a couple of months ago. which is more than enough to pay out the traders that do make money (90%+ loose) -the really great traders with good rm and consistency over a longer term basis get copy traded onto a larger live account. A lot of traders have been able to make a good living by trading full-time thanks to FTMO. FTMO and other prop firms earn their money on people failing challenges. So far so good, but I got there in 8 trading days instead of the minimum of 10 trading days. If you can pass the ftmo challenge, that means you can double your capital in a month without the restrictions of ftmo. Thus, it’s equity based. A Forex Funding Challenge is an industry wide established term used to describe a component of the Funding Program where traders must complete specific trading tasks and meet certain performance metrics to qualify for a virtual funded account – the FTMO Account. My mentor tells me this is great for a first challenge since mostly everyone fails there challenge way before the 30 day mark. After passing both phases, you start getting all the profit you make. 5%-1% is better for long run, Actually I was doing well in the two phases but in the FTMO account I wasn’t myself when I look to my entries back then i says WTF why did i took that trade whats the reason for the entry, I was just want to make money fast, Greed blinded my insight now, I believe revenge/over Trading has a huge psychological You will now lose the challenge if your account balance goes anywhere under 21. Basically, during the challenge and verification, news does not matter, but once you've completed it, it will depend on your account type. Thing is, if you can't trade successfully a 1k account, don't even try a prop firm. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. I think a lot of people don't realize that many of the traders that pass the challenge fail to make their first withdrawal because they fall off after getting funded. They kept saying I had to wait till the 10 days are over and then i could reach the 10%. I felt cheated and disappointed. FTMO. Keep trading sharp! Ftmo ticks all boxes, if you check reviews etc they are mainly all good ones, Plenty of people use ftmo not sure on your progress with forex but take the free trials before spending out on a challenge to be begin with and get used to there set objectives and rules 11 votes, 36 comments. So you get a new 50k account every time. I don't think you're going to deny that an 85% winrate with a 10:1 average RRR for a profit factor of 61 is unsustainable. Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. This serves as a testament, however, of how badly designed the FTMO challenge is. I'm planning to get 100k usd funded account since yun ung talagang pinractice ko. . That was a low moment for me. FTMO Forex Trading Community was created with the following intentions: - To help new and professional traders learn and improve their forex trading skills as best as we can, - To help Traders know more about FTMO and how to get funded by them, - To help/guide new traders in passing the FTMO challenge and verification stage. 😀 The answer is revenge trading. I am risking 1% per trade of 100k balance, and based on the graph, it shows profitability with drawdowns of 2. First things first, let's start with the basics. I have 2 questions: 1- When have you received your account after passing the challenge? 2- When do I receive the refund for challenge & how do I receive it? Side note: I have tried 7 prop firms since last year. After getting funded I ignored the trading plan and my psychology was in shambles. Is anyone having a lag on mt4 while trading on ftmo servers? I have noticed few times where server just wont respond to log in or anything, when… 34 votes, 61 comments. If i do not violate any of the trading objectives and end up in the positive consodering my account gain, I am eligible for a free re-try according to FTMO's FAQ. Just a curiousity of mine. Deposit the challenge fee into a brokerage account and trade it away. The real question is do YOU have a consistent and profitable method? That is the real question. Day 29 I was down 4%. 09%, the profit factors are 3. But if you start with 50k and get to 60k on a trade which then goes down to 52k you would not violate the terms as you’re not below the initial amount. Hey guys. I think the amount of ppl passing the ftmo challenge and ppl who success in the markets are still on low side. Hi, I've coded an EA, and I plan to run these 2 sets of parameters of the same EA. Let's say I took part in the $10K challenge, and met all requirements and have an ending balance of $12K, since I hit the target of $1K in 4 days. I have gotten funded three times with FTMO before but this is the longest it took for me to pass the challenge this time around. As promised yesterday, I applied for a paid challenge to publicly assess the FTMO challenge and resolve once for all all questions about legit or not… Hey guys, I have seen some recent news about MFF prop firm, and now I am curious whether FTMO is in a danger being shut down too? I've finally achieved some consistent results on my demo trading and felt comfortable enough to start a challenge the last week, but now I am confused. I explained my case, and even took the so called loss which did not equal what I was supposed to be losing. My question is if any of you guys who have passed the first… You have mentioned you're profitable on your own and with a large sample size, so congratulations. I felt ready, and started my first ever FTMO challenge on Monday gone, ended up making 9% this week and I am around €70 from the profit target of €1000. Very happy with myself and my progress, especially that I started trading less than a year ago. Before you can get your FTMO Account, we need to be sure you can trade responsibly and manage risk properly as, in the future, we can use your simulated trades performed via the FTMO Account when trading on our own account on real financial markets. They have a long history in the industry, proven consistent payouts, and upstanding customer service. If we go to the minimal FTMO challenge that is marketed as a "$10K" account the daily loss limit is $500 and total loss limit is $1,000 and the fee they charge is €155 for a $10K account challenge. And did my due diligence asking them (the ftmo team) multiple times if i was allowed to hit the 10% target before the 10 day minimum. Can you share your experience? Withdrawal process with diff payout Def do FTMO, completing that challenge completely changed my life because I would’ve never been able to trade with 100kUSD without them. I'm definitely no expert and have only just passed the FTMO challenge after a year of studying and messing around. FTMO Challenge Prop Firms This made no sense but I found it hilarious and it’s also the reason I would probably avoid steering people to Prop firms… at least this one… but I’m sure everybody gets different results. Today i finished my first phase of my 100k Challenge. Currently I'm doing the FTMO challenge and I got to the profit target. So you are paying €155 for the possibility of only getting access to at most $1,000. I have been trading a 40,000€ demo account at FTMO for the last two weeks (see screnshots) to see if I can put what I have learned into practice, i also made some So to them, it is a completely risk free business. I would say go for it but you won't make life changing money because of how strict their rules are. But to your point about increasing from $140K to $300K: are you seriously proposing that a reasonable person, acting prudently, would let $160,000 sit in a a non-intrest-bearing-account if there was the slightest chance they may never receive that money? FTMO Challenge. That's how they make their money, and it's one of the best business models out there. If you are extremely disciplined go for it. Thats why Im asking if you had expierence with this. Good afternoon Traders! I have successfully passed my $100K FTMO challenge. And little know fact you can take the test and pass up to 3 times hence having 300k or whatever ammt you take the challenge for x3. If they pass, you pay. 1%-3% max but I think 0. 59 respectively. Remember, in the market, perfection is elusive. Just because several ppl bragging it here, does not mean it is so many. 75% when I've made 16 trades and all profitable. The advantage of buying a new FTMO challenge is that I can take advantage of the new no time limit rule. I have tried the FTMO challenge a few days and got a very bad and unfair experience. You need to buy the challenge and then pass both phases. 8 days of trading, 259 trades, Profit factore 2. 600 Dollars (27k - 20%). I feel the challenge is more of a puzzle. If the prop firm uses a third party, regulated broker like Eightcap, BBMarket, etc. Please dont get me wrong as I have a very limited knowledge about profits etc. When you finally learn how to trade consistently and generate profits, the sky is the limit. Thank you for your replies Hey Guys, just passed a demo challenge in 5 days on FTMO, so happy! I'm not selling anything, not selling my EA, not selling courses, just here to share my progress :) FYI I used my latest creation, TurboScalpX discussed here last week: If you're trading with a propfirm that has it's own broker ex: MFF -> TGG, FTMO -> FTMO, AFG -> AFG etc. Later I took a second challenge and I was in the same position, $320 from finishing the first phase. Welcome to MarketScreen – Navigating the Financial Markets Together! 📈 MarketScreen is your go-to subreddit for discussing everything related to stocks, trading, and investment strategies. After a while it seemed better to simplify everything and just look at plain simple price action, I. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the Hey everyone, i started frmo about a month ago, it took me about 2 weeks to pass the first challenge, last week I started the second phase of the challenge and the whole time I've just been in loss, I've been trying to trade in a disciplined manner and haven't been risking more than . Hi guys I’m not new to Forex or anything but I’m planning on taking the FTMO challenge , but making 10% in 30 days (24 days if u take away weekends) is a lot I think , surely any strategy that makes 10% in month is not sustainable right (well with the max loss and max daily loss they give you) ? If you make even a cent over the 10K capital, FTMO gives you a free retake. You'll keep failing. WHAT I like about FTMO? 😀 For new traders, FTMO is a good place to start. I have passed the initial challenge and I am currently trying for the verification phase. e impulse, corrective, impulsive etc. dkrii qwextp omyzh daofzd sya dvfq ohxrsayb hwsmkh aib twyaccyf