Ftmo success stories reddit. 8 days of trading, 259 trades, Profit factore 2.

Ftmo success stories reddit No, not at all. While these are important from the risk management and money management perspective, there are many more factors a trader must consider for long-term success. Discover the pros, cons, and real-life experiences of traders who have used FTMO's services. I see no reason to use anything either than FTMO, they have established themselves, have lots of good reviews and most importantly they have the capital to pay people and support their system. See full list on ftmo. 32% and 4. 6K subscribers in the FTMO_Forex_Trading community. FTMO Evaluation Global s. " How did Maximum loss limits affect your trading style? Aug 12, 2023 · In this comprehensive FTMO review, we explore how FTMO provides funded trading accounts, evaluate traders' performance, offer support and education, and showcase success stories. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. I’ve sometimes gotten stopped out of trades just for price to go my direction afterwards, because TV and the FTMO server/broker didnt align too well. , why would you go with FTMO if you get another provider’s challenge with easier constraints. And like anyone good at something, he made it look easy. Thats why i bought a challenge on the funded trader recently. In this article, we’ve reviewed FTMO pros and cons, how it works, account types, and other helpful information to get you started. 5% monthly, if I was trading a personal 50K account, I'd be up $9000 EOY. Hey Traders, My name is Adam and I am Head of Growth at The Funded Trader. 1% with FTMO and +4. MFF and especially FTMO are golden. 5% with the 5%ers, all due to the spreads. 59 respectively. I’ve hopefully learnt something from all the pain however. Any FTMO swing account trader here, does they allow news trading, in the about it says yes, but the clause says no. Unquestionably. For now this is the end of my journey with FTMO as those who have been following my progress know I develop an algo in the MQL language. , whereas other people say FTMO, like 'all prop firms', make money through people paying for, failing, and repeating their challenge, and those who do pass are Welcome to our blog dedicated to FTMO! Dive into detailed articles on trading strategies, tips for passing the FTMO evaluation, inspiring testimonials, and expert advice to become a funded trader. Real fuking hard. Check out the sidebar for intro guides. There's a real mix of opinions out there, some people say FTMO is a great company to trade for as you get to keep a generous portion of the profits and get good leverage, spreads etc. I felt cheated and disappointed. Parece que realmente se preocupan por ayudar a sus traders a mejorar aún más. MyForexFunds is a prop firm out of Canada with similar challenge parameters as FTMO. Fanshawe College is one of Ontario's largest colleges, offering over 200 programs to expand your horizons. Aug 12, 2023 · In this comprehensive FTMO review, we explore how FTMO provides funded trading accounts, evaluate traders' performance, offer support and education, and showcase success stories. You need to pass their both challenge and verification phases. Hone your skills. Mira los últimos precios aquí: https://ftmo. Their prices were dirt cheap, almost half of ftmo for smaller accounts so it was not sustainable. And even extra 10% more for those qualifying under the scaling plan. In Conclusion. Currently trading 200k and once I max out ftmo I'll look for others prop firms to get more AUM but until then ftmo is the way to go for me. Today it passed the FTMO free trail in 4 hours (but today was a unusual good day for the strategy) As I said, too good to be true, this might be the reason why I am searching for the catch 😂 Reply reply. Posted by u/NoRoad1995 - 2 votes and 8 comments FTMO no es una típica firma de apoyo. And jn your case its a good lesskn . Our success is, of course, based on you, our clients, and potential FTMO traders. 1. FTMO is legit but definitely avoid non reputable too good to be true prop firms and look at the broker they use too…that doesn’t mean I haven’t ‘wasted’ literally thousands upon thousands on challenges with ftmo. 53 votes, 116 comments. The main reason is rules and laws. 256/2004 Coll. Proven success and client feedback. I still think FTMO is a great short term idea. In FTMO, the maximum daily drawdown limit allowed on a $100K account is 5% which is $5,000. Competition in the space makes everyone better off! Now is the time to take advantage guys ftmo profit split update FTMO Forex Trading Community was created with the following intentions: - To help new and professional traders learn and improve their forex trading skills as best as we can, - To help Traders know more about FTMO and how to get funded by them, - To help/guide new traders in passing the FTMO challenge and verification stage. The leverage is only 1:30 instead of the usual 1:100 however it is easily compensated by trippling your lot size. A place to discuss tactics and success stories of buying things for a low price and selling them for a higher one. My story is just one of many traders who prop firms have changed their lives, some live in 3rd world countries and can’t save much, some just want to practice futures with a small investment of 20-40$, some were near broke like me. Couple years later she returns but doesn’t contact him. The Reddit Law School Admissions Forum. Please participate in other subreddits (other communities on Reddit) to increase your Comment Karma points. Welcome to FXGears. Broke up, she moved continents. com. The road to profitable trading is full of obstacles that every serious trader must take into account. ( success rate is less than 10% for early stage startup). We will review your case and get back to you. Also do FTMO swing also have Scaling function just like Standard FTMO account Welcome to FXGears. Just hit 9% profit within a week after hitting 10% within only 2 weeks. But also, just the statistics are clear, i dont remember exactly but around 60% of people with apnea can live "normally" using cpap. I dont have any time limits, just need to make 10% no matter its in a few days, or few weeks/months. if it's too good to be true it generally is. Not a long time I know. And there are props that deal live money accounts on A-book brokers, with no equity-based drawdow, and no maximum time Edit pdf's and place your name, you won't last much on ftmo anyways, so at least get your fee back and some money on the payout and give up on prop firm trading before going bankrupt Reply reply seems like you guys have not understood how ftmo works. Searching for it online is a waste of time. I say that because they have great customer service, cheaper prices than FTMO, great community and the owner engages with the the traders and does give a ways and discounts very often. This process can be demanding, but with the right mindset and techniques, you can increase your chances of success. Trader Verniel becoming FTMO […] 213 votes, 58 comments. Novice traders who want to pass FTMO Challenge should not only be concerned with the Maximum Loss or Maximum Daily Loss rules. Now i m planjing to build my own account alongside ftmo so that these rules dont hurt all that time invested in doing challenges. Yeah im feeling stressed when there are time limits. The best place on Reddit for admissions advice. We paid out more than $190,000,000 to FTMO Traders and sent these payouts to more than 180 states. I think I read somewhere that FTMO paid out 25 million last year to traders. Do my statements make sense? If yes, why would anyone not go for a swing account? Posted by u/[Deleted Account] - 22 votes and 17 comments When analyzing my trading style FTMO seemed like it was the best fit for me hence why I trade with them now. -Share FUNNY Trading In a weird way, when I treat my FTMO accounts and personal account (connected with social trader tools) like demo accounts, I stop caring so much that it messes me up. Most people only lose the challenge because of too much risk and therefore the mindset takes a hit. 42 votes, 37 comments. r/artbusiness is a place to discuss everything related to the business side of art: from dealing with clients and contracts to marketing, social media and merch production. If they pass, you pay. If I was trading a 2M account, I'd be up $360,000. 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. He got engaged to someone else. Looking at the top 3 on their monthly leaderboards, this person Kasper was at like 90k by June 3, and $270k June 9. FTMO companies do not act as a broker and do not accept any deposits. Margin Requirement: For XAU/USD, the margin requirement is 3. All prop firms have two phases to pass and get funded. Hey everyone, I wanted to share some tips and strategies that have helped me in passing the FTMO Challenge. So, how do prop firms like FTMO ensure long-term sustainability? Welcome to FXGears. Relying on the fact that we will achieve 100% success in trading is not a good idea. If they fail, you are still out FTMO's challenge fee. Now they have removed US clients access to MetaTrader and are pushing DXtrade instead. so let me clear things up: your trades never get placed in a real market. With FTMO, to get your 70% profit share, you have to invoice them, which I would do from my LLC (once I create it). FTMO does have some downsides though the biggest being the news restrictions. Frigging hell you're starting a lot of shit over a mis-understanding/language barrier. Everyone knows that the road to long-term success is not always easy. Post any questions you have, there are lots of redditors with admissions knowledge waiting to help. com's Reddit Forex Trading Community! Here you can converse about… The firm might not have the capital to back up all those big accounts, especially if many (funded) traders see success. Members Online Ebay is a multi billion dollar company but can't review a 3 day suspension? Same here. While details on the launch timeline and target markets remain undisclosed, Kamerman's extensive experience in the forex and CFD brokerage sector positions FTMO for success. true. Hi guys happy weekend 👋 I want to tell you my story with Ftmo challenge In the first week i was losing so much , I was opening losing positions one after another at day 8 my max loss hit 10000$, my determination was shattered, and I wasn’t in a good state mentally. His key thing, the thing he credits the success of this project too, was just the simplicity of his story: Hotel needs guests Guests want safety The world is (was) scared of the Middle East due to 9/11 The opportunity: Offer the hotel a story that makes guests feel safe. failure stories can also be uplifting, it can show you what not to do or what to avoid. 20 votes, 56 comments. Apex is a good prop firm imo and easy to pass and payouts are very simple. 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. Trader Oluwatobi: “Don’t use signals. Welcome to /r/Netherlands! Only English should be used for posts and comments. En marzo de 2024 comencé una prueba de antecedentes con FTMO que aún no estaba preparado para tomar ya que no tenía Stop loss, he mejorado todo esta vez y mis operaciones son 1% de riesgo 3% de ganancia una operación por día en EUR/USD y CHF/JYP, soy de Centroamérica para ser más específico de Honduras, Estoy en un reto FTM gratis y First off, I have quite a few success stories, from patients not speaking for the first few sessions to becoming a chatterbox by the end, to patients who were certain that TMS would fail just like the medications they have been taking their whole life have, only to respond beautifully to treatment going into full remission. 12 votes, 82 comments. if you are good enough to pass these challenges and get a payout you really don't need to use one of these companies. Hi, I've coded an EA, and I plan to run these 2 sets of parameters of the same EA. So your rewards should be balanced with the risk. All traders should follow some basic rules in their […] Another point to note is that trading with own money is always better and profitable in long term. We are a proprietary trading firm with a mission to offer world-class trading technology, exceptional 24/7 support, customer-centric challenges, and become the destination for top talent traders. Reply reply The difference between FTMO Account and FTMO Account Swing is that, in the second one, you can trade through news and hold trades over weekends. We paid out more than $190,000,000 to FTMO Traders and sent these payouts to more than 180 states. I have learned a lot from failure stories and I find them equal to success stories, you just have to view it with a optimistic, non biased, paradigm Welcome to FXGears. I guess the main questions are- is that the best way to do this, should I just hire a CPA (suggestions?), and are any of you trading for FTMO/how are you paying your taxes (if you are US based)? Welcome to FXGears. 343K subscribers in the Forex community. 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? Edit: this is my first 9 days with real money after passing the FTMO challenge / verification steps. -ftmo's business model is based on the failed challenge fees. 4% per day on a $50,000 Account) you would be withdrawing $500 minimum by the end of week one or week two completely regaining your ROI on the Account and then some. You have usually 8-10% target to make within a month for phase one and 5% for phase 2 within 60 days Both phases and funded have a limit of total drawdown of 10% and 5% daily. You need a solid strategy, discipline and dedication. Posted by u/Logil- - 84 votes and 55 comments As you may have seen ftmo recently announced they're bumping up profit split from 70:30 to 80:20 as a holiday treat for passing traders. (+ liquidity available for that broker). Thanks for reading this FTMO review. This would include our new FTMO Traders Worawong, Messi Kayembe and David Philip. Although fortunes can be made very quickly in financial markets, they also can be lost at the same pace. FTMO Forex Trading Community was created with the following intentions: - To help new and… I backtest a lot on TradingView, and also analyse on TradingView before looking to take a trade on MT5. FTMO only provides services of simulated trading and educational tools for traders. If you can't pass the FTMO challenge and require someone else to do it for you, then how do you ever expect to be profitable once you actually get a real account? When MFF imploded , I wanted to buy a 200k FTMO account, but I decided to get 2x100k, one each with FTMO and 5%ers to spread the risk out of another implosion. You can achieve an equal amount of profit from just $10,000 account with own money, taking almost 40% floating DD ($4000), instead of <5% realized DD in FTMO. In trading, it is even more complicated as markets often seem to be against us. Don't give them your fucking life story on how you trade SMC either. FTMO has a dashboard that lists the times that the news will be released. That’s why risk management and money management are two of the most critical factors needed for long-term consistency and success. r. com's Reddit Forex Trading Community! Here you can converse about… FTMO doesn’t have time limit anymore, so I would decrease risk even more, risk so little that you can easily lose 20 or more trades in a row. FTMO has won international awards from fucking DELOITTE for 3 or 4 years straight. No hay muchas firmas de apoyo que ofrezcan coaching de trading y oportunidades laborales reales como lo hace FTMO. 8 days of trading, 259 trades, Profit factore 2. The true advantage about FTMO is that when you passed the test, you get the refund so it didnt cost you at the end. Posted by u/[Deleted Account] - 7 votes and 10 comments That being said, ftmo recently made available extensions if you are close to the target and from day one even if you don't hit the target within 20 trading days you will get a retry anyway. EVEN IF they can pass an FTMO challenge and provide you a funded account, YOU STILL NEED TO BE ABLE TO TRADE SUCCESSFULLY TO DO ANYTHING WITH THAT ACCOUNT. I am a bot, and this action was performed automatically. Savings are hard to come by because FTMO doesn't give them out very often. so go with a firm with a regulated broker like eightcap, thinkmarkets, blueberrymarkets etc, and for some time join only firms based in Europe or UAE. ¿QUÉ NO ME GUSTA DE FTMO? Los objetivos de ganancias del 10%. To understand at what point FTMO will margin call your account, let’s go through the example you provided: Your Trade Example: Welcome to FXGears. You are better off by going with 5ers or MFF due to their realistic trading constraints, i. Use the post flair below to filter posts by specific treatments DO NOT POST questions about… 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. This community is for questions, concerns, stories, success and more of our future falcons, current falcons and our falcon alumni. com New FTMO Traders share their experience from our evaluation process. Anyone who says all prop firms are a scam just can’t manage risk for nothing, I’ve passed more prop firm challenges than I can count and have received a hefty amount of payouts from several different firms. Now in 2021 that I've achieved some pretty amazing levels of success (multi six figures in profit since October on an $8000 account), I wanted to give some of my insights on what changed from when I was failing to now. I started day trading back in 2016, and failed epically. **Understand the Rules Thoroughly 📜** If you're in the scaling plan, you get a new "initial balance" reflecting the "scale up". Innovation and Client Focus Drive Expansion I think you are taking a lower probability of success by choosing FTMO. You just gotta check posts on this sub, you will find several success stories, just scroll down. Long story short, encouraging stats coming out of trial, have comleted avoided margin calls and churned out low value, but cosistent % win rate. Let's say I make 1. com, a trading forum run by professional traders. How funny is it that I'm passing the second phase of the challenge with a 100% success rate and receiving an email like that… Not my stories but I have a few success stories of close friends; Uncle & Aunt. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local laws or regulations. /FTMO Evaluation US s. Trying too hard and studying too hard has diminishing returns and is counterproductive. This rule is in place to ensure that an ample audience can freely discuss life in the Netherlands under a widely-spoken common tongue. […] I have tried the FTMO challenge a few days and got a very bad and unfair experience. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. Posted by u/[Deleted Account] - 308 votes and 97 comments Hey guys, I am currently doing an FTMO Challenge. This strategic move signals FTMO's ambition to stay ahead of the curve in the evolving online trading landscape. I can't find the stats on how many traders have been funded for the year 2020 in FTMO. I honestly don't get it why people start to avoid FTMO and choose other cheaper alternatives, FTMO is so much easier to pass than all of the rest of the trash companies with like 8% profit targets that are in reality MUUUCH HARDER to pass since their market conditions are horrific In the next part of the series about successful FTMO Traders, we will have a look at a trader who managed to do what every forex trader hopes for. Since FTMO is now gone and that’s what I was planning to use, which other prop firm(USA) is legit? I know how they work and I… So to them, it is a completely risk free business. Calculating the Margin Call. I passed, focusing on my risk management, not profit. Anyway, I linked the two accounts to my trade copier, and the exact same trades have resulted in +4. Now, my hypotesis are 3: They are really professional traders (very unlikel, maybe 1 out of 1000). 33%. even if it's just a simulation. 09%, the profit factors are 3. After 5 winning days of $200 each day (Only 0. Oct 21, 2024 · We’ve explored our trading strategies on FTMO, passed the challenges, and received 80% of the profit from our successful trades. For every success story there are at least 10 failures, because of that focusing on consistency and a long-lasting trading career would be much more beneficial for traders rather than hoping for one gamble to change their lives. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. Ive had a load of questions over the past few weeks from people asking me advice and general pointers on what to do after posting my FTMO challenge results. While you're at it, read through Reddit's "reddiquette" here. Hi can anyone recommend a good bot to pass a FTMO swing challenge from the Metatrader store? And before anyone asks, yes I can pass a challenge by… If you watch some ftmo interviews on YouTube you will easily notice how little experienced are some of the guests. (1% of risk per trade with 66% win rate) FTMO rules are far laxed compared to the firm I work for now but l manage a far bigger book and obtain bonuses and payouts. 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. Reply reply Revolutionary-Case36 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. Deloitte doesn't hand that shit out like candy because their own brand's credibility is on the line when they do. Hi! I am researching prop firms and I want to know what broker FTMO uses & what is the slippage for crypto trading. Regarding account management, MyForexFunds put out some interesting statistics about their traders a couple of months ago. I have passed the initial challenge and I am currently trying for the verification phase. Now if you are getting say 100K and counting on making $500k of the startup succeeds in 8-10 years, you are looking at $300k reward( after taxes) in a decade time. 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. Better stick to rules in this stage so that it doesnt hurt kn long run. I've seen a lot of FTMO Youtube videos interviewing some of their profitable traders who are making anywhere from maybe 5k - 50k profit split in a month. 😕 Customers from the US are no longer welcome. The bot clearly fires off far more trades than anybody could manage manually - averaging around 100 trades per day, a total of 3107 trades for entire period. - To be with other like-minded forex traders. He meets mutual friend who says she’s home. Trading. The best prop firm besides FTMO AID The Funded Trader In my option. 5k Best Tips for Passing the FTMO Challenge in 2024. A new prop firm could go bankrupt if their model is not bulletproof. Additionally, you need close any open positions on the pair it'll effect . Achieving consistent results in such an environment is not easy and only the best can do it. Tip 2 - Create reminder notifications for the upcoming week of all high impact news just in case. A journey to receive the FTMO intial balance is not always easy. 34 votes, 61 comments. Reaching a trading success rate of over 90% is not something just anyone can achieve. I’m considering starting the FTMO challenge next week for the $10,000 account… Welcome to FXGears. Over the year, we have created more than 960,000 trading accounts through our platform for you. Ftmo is a scam All information provided on this site is intended solely for educational purposes related to trading on financial markets and does not serve in any way as a specific investment recommendation, business recommendation, investment opportunity analysis or similar general recommendation regarding the trading of investment instruments. But since then I’ve also been attempting FTMO’s free trial challenges that mimic the real thing, I failed the first 2 times, passed the 3rd time, got a repeat and passed on the 4th time and am set to pass the 5th one (hopefully). Am in a ftmo 200k account I trade gold mostly and I have 69% success rate am happy to share knowledge in return for same. Prioritize safety in light of recent news. Take your time, bad losing streaks happen to everybody. FTMO has specific rules regarding margin usage, but let's clarify the key points: Leverage: FTMO provides a leverage of 1:30. r/SiboSuccessStories: An archive of SIBO success stories. e. 7 and 2. does not provide any of the investment services listed in the Capital Market Undertakings Act No. I should add I have also passed a few times too with them. FTMO only lets you trade CFDs, which is illegal in the U. I am risking 1% per trade of 100k balance, and based on the graph, it shows profitability with drawdowns of 2. Dive into detailed articles on trading strategies, tips for passing the FTMO evaluation, inspiring testimonials, and expert advice to become a funded trader. which is more than enough to pay out the traders that do make money (90%+ loose) Seeing a lot of videos lately of people passing FTMO challenges on Youtube. You can't open or close a position on certain pairs 2 minutes before or after a news release comes out that effects those pairs. This could lead to situations where the firm struggles to pay out profits, defeating the whole purpose for traders. Here are testimonials of our traders. 386K subscribers in the Forex community. We would like to show you a description here but the site won’t allow us. What was easy, and what was hard for them? Let's find out! Trader Jonas - "Cherry-pick your first trade very carefully. 46 :D Soooo happy confused between ftmo and topstep for a funded account ? which one is better overall for someone who is taking up the challenge for the first time ? Posted by u/merryfasos - 19 votes and 112 comments FTMO recently blocked new and existing US clients from purchasing new challenges or trials. Trader Worawong: “Always have a mental preparation for […] Instead, go for platforms such as FTMO or The Funded Trader—secure, reputable, and transparent. o. Tip 1 - On your phone or computer you should add another clock time to match FTMO's local time. Also live account cant buy you a peace of mind since anybody would rather lose their funded account than blow their live account worth of $3. Who can be better to provide good advice than those who passed our evaluation course? Check out the interviews with our new FTMO Traders and be motivated by their success stories. I'm by no means bragging, I'm simply stating that FTMO is worth it and anything worth doing is hard. This total includes all FTMO Challenges, Verifications, FTMO Accounts, and Free Trials. S. 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