Best ftmo challenge reddit
Best ftmo challenge reddit. I explained my case, and even took the so called loss which did not equal what I was supposed to be losing. If you’re really determined then plan on trying out the challenge X number of times until you get the hang of it. So it's been a while that I know FTMO, signed up with them at the end of 2019 not long after it launched, but failed the tests (2 100k acc tests), I then switched to trading cryptos (on personal accounts) and been quite profitable with that, and more importantly learned to trade better! The majority of challenge takers are not aware of this and are risking only 1% to 2%. 09%, the profit factors are 3. com is a platform that provides traders with the opportunity to trade with real money and potentially join their trading team. I have come along way! I find it amazingly peculiar that so many ppl pass this ftmo challenge but so few ppl yield similar success in the markets. 000) as their calculation-basis and call funding firms a scam because their account balance never went under 20k (25k If you reach your 10% you have reached your goal and move to the next challenge. Step 1 – FTMO Challenge. Posted by u/broskio777 - 1 vote and 1 comment 11 votes, 36 comments. The 2 major drawdown periods are plain and simply my fault. I over traded and just went in complete denial over the fact that I had just lost a substantial amount. Most people tend to still take the initial capital before entering the trades (let's say 25. 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 I think so, but not all of them, people say why wouldn't they do it themselves, lest they forget max amount you can have is 400k on ftmo for example, so if he can consistently make profit on his/her own, they can do it on other accounts, and if they manage it after the challenge, take a % of what they make on the account, if they lose the challenge, they may only refund the service fee or I failed my FTMO challenge today. 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. com challenge. Stop taking ftmo challenge. which is more than enough to pay out the traders that do make money (90%+ loose) No. 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: We are currently recommending and standing by FTMO. I’ve tried FTMO and Trader2B, and can confirm that the culmination of experience day trading will help you be successful in passing these. I'm definitely no expert and have only just passed the FTMO challenge after a year of studying and messing around. Apr 5, 2023 · To pass the FTMO challenge, take smaller risks and plan on using up a good chunk of the 30 days to reach the target. It was my first challenge and I couldn’t believe it was actually happening. I have been trading since 2020… FTMO 10K challenge Prop Firms Hey guys and girls , I was just wondering if FTMO is worth trading with on long term perspective and what’s would be realistic and suitable account for beginners. So from my assumption it’s basically like the verification and FTMO challenge without a target. 00 lot trade and that started the losing streak. 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. I did not contact support. Currently I'm doing the FTMO challenge and I got to the profit target. -Share FUNNY Trading Posted by u/gauras - 5 votes and 13 comments 34 votes, 61 comments. 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. ForexCracked Official subreddit; Share and Discuss Forex EA, Indicators, Lessons, strategies, Video… Seeing a lot of videos lately of people passing FTMO challenges on Youtube. 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. . 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 Welcome to r/FTMO_Forex_Trading! If you're here, chances are you're looking for some tips on how to pass the FTMO. Good afternoon Traders! I have successfully passed my $100K FTMO challenge. They have a long history in the industry, proven consistent payouts, and upstanding customer service. My question is if any of you guys who have passed the first… I did the challenge myself. So you get a new 50k account every time. Just depending on the volitility those moments really. Later I took a second challenge and I was in the same position, $320 from finishing the first phase. If you can pass the ftmo challenge, that means you can double your capital in a month without the restrictions of ftmo. Hi, I've coded an EA, and I plan to run these 2 sets of parameters of the same EA. 600 Dollars (27k - 20%). Keep trading sharp! 875 subscribers in the ForexCracked community. As long as you keep the challenge fee money aside, you can retake it again if you happen to lose it. Same with the 5% on the 2nd challenge. For example, if you risk 0. true. Welcome to FXGears. Only 8% of all challenge takers pass. Posted by u/Fantastic-Drama9484 - 6 votes and 16 comments I have just started the demo challenge as well, and I am using TradingView to do the analysis. But I'm happy with the ease of passing this challenge. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. Check out my shared screenshots with FTMO challenge stats for a closer look at the journey to success. 59 respectively. Deposit the challenge fee into a brokerage account and trade it away. Same thing happened with my first ftmo challenge, I was £700 in profit. The best prop firm besides FTMO AID The Funded Trader In my option. I am risking 1% per trade of 100k balance, and based on the graph, it shows profitability with drawdowns of 2. 8 days of trading, 259 trades, Profit factore 2. They kept saying I had to wait till the 10 days are over and then i could reach the 10%. On FTMO's YouTube channel, I was watching one of the videos about the process and they said in the video that you don't need to contact them because they already know your account is ready for the next step. 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 Countless YouTube videos, Udemy courses, Google searches. 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. e impulse, corrective, impulsive etc. 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. 8 - Win rate of 55-60%. 13 votes, 19 comments. com's Reddit Forex Trading Community! Here you can converse… 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. This serves as a testament, however, of how badly designed the FTMO challenge is. 5% per trade with a 1:2 risk-reward ratio, you will hit 10% in 10 trading days. The Verification has easier Trading Objectives than the FTMO Challenge, as the Profit Target is reduced by half to 5%. 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… Coins 0 coins FTMO Challenge Free Trial . 331K subscribers in the Forex community. After the 30 days I was not able to get my account to break even. I want to start the 10k FTMO challange but i am scared of the Max Daily Loss what would be the best lot size that i can use to… 22 votes, 24 comments. 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 . First things first, let's start with the basics. Forcing yourself to trade everyday does not work well (for me especially). And I was wondering which is the best data provider on TradingView, to use for FTMO? Also, I have noticed the price on MT4 from FTMO server is a few minutes delayed, anyone else experienced this problem? Thanks. So I decided to try an ftmo 10k challenge. If you were trying to catch up on a trial and going risky, wait until you have has a red month and the last few days you need to make money, the temptation will be to "catch up" like you did. After passing both phases, you start getting all the profit you make. 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. Remember, in the market, perfection is elusive. 😀 The answer is revenge trading. 32% and 4. 5-1. 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. 1K Likes. I can't find the stats on how many traders have been funded for the year 2020 in FTMO. Quadrio offices Purkynova 2121/3, 110 00, Prague Czech Republic [email protected] +44 20 3322 2983 That was a low moment for me. 46 :D Soooo happy To be honest I have received several payments from FTMO since I registered on FTMO, I was able to make 62 000€ (not including the fees paid to the professional to take my tests). 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 seems like you guys have not understood how ftmo works. After a while it seemed better to simplify everything and just look at plain simple price action, I. Action Movies & Series; Animated Movies & Series; Comedy Movies & Series; Crime, Mystery, & Thriller Movies & Series; Documentary Movies & Series; Drama Movies & Series As I'm wrapping up with my FTMO challenge, one thing I would like to know but cannot find any information on is once you become an FTMO trader, what happens at your monthly profit split if your account is in a slight loss but you haven't breached any of the drawdown rules during that month? Say you end the month at $199,000 on a $200k account. And looking where price moves to. Tools & Services that were unlocked for you when you purchased the FTMO Challenge will remain unlocked. My mentor tells me this is great for a first challenge since mostly everyone fails there challenge way before the 30 day mark. You need to buy the challenge and then pass both phases. I took a 2. 4. Because every account you withdrawal from it’s going to say passing. This includes unrealized losses. You don’t get any of the profits from the challenge. Took the same strategy I use for my personal account but lowered the risk per trade to a fair profit and loss point, i let my winners runn and move SL to BE more often than not. I just waited until it came. Step 1: The FTMO Challenge A 30 calendar day demo account where you will have to trade according to our rules. Mind you the max that I have lost is 1% per trade. Think of it this way, take only the very best and most probable setups you can find within your parameters and the results will follow, take trades best off of monetary gain and greed alone and the unnecessary losses will surely follow. The best thing I found to do is just to sit out of the market and take a step back if I'm really not feeling the price action. 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! So once you withdraw your profit for those 30 days it restart like a challenge. 7 and 2. As for risk management, a 1:3 risk-reward-ratio with just a 2% risk on solid trades was my golden rule. 1%-3% max but I think 0. Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. Thank you for your replies Bad months happen. In order to become an FTMO Trader, you will have to pass our 2-step Evaluation Process. 242 votes, 229 comments. You will have superior account conditions in the form of our own FTMO account solution with very low commissions and raw spreads. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. Thats why Im asking if you had expierence with this. I cut my lot size in half to finish. Today i finished my first phase of my 100k Challenge. I can demo trade just fine, I passed 3 ftmo trials one after the other. Currently undergoing the FTMO 10k Challenge phase 1 and safe to say I'm still in it. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the I have tried the FTMO challenge a few days and got a very bad and unfair experience. My opinion would be go for it, but be disciplined and use it to fund your personal account to a good size account (10k, 25k, 100k, whatever you're comfortable with). FTMO and other prop firms earn their money on people failing challenges. so let me clear things up: your trades never get placed in a real market. 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. 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. com Interview with our FTMO Trader Nikita: • This trader How has passing the FTMO Challenge and Verification changed your life? I'm now able to trade 40k euros, so the undercapitalization problem is immediately solved, knowing that I can potentially earn my country's average monthly wage with a single trade. You will now lose the challenge if your account balance goes anywhere under 21. So far so good, but I got there in 8 trading days instead of the minimum of 10 trading days. Very happy with myself and my progress, especially that I started trading less than a year ago. - To be with other like-minded forex traders. You shouldn't care if you lose a challenge or blow an account. Day 29 I was down 4%. Hey guys. You have mentioned you're profitable on your own and with a large sample size, so congratulations. -ftmo's business model is based on the failed challenge fees. You'll keep failing. I got upset that I closed the trade too early because I would have passed my ftmo challenge in that trade. I felt cheated and disappointed. The Verification step is the second and final step of our Evaluation Process. I feel the challenge is more of a puzzle. This is my 3rd time with FTMO. 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. Our FTMO Challenge is the first step of our Evaluation Process. 216,075 Views. 2020 Jun 12. Become our next FTMO Trader and work with an initial balance of up to $200,000: https://ftmo. Hello, good day everyone. Theoretically you could complete the entire challenge in a couple of days if you are good enough or get extremely lucky. I love practicing with these challenges. Do not be tricked by fly-by-night firms offering cheap thrills. Let's face it, a lot of traders fail and lose money and I admit it myself, if I hadn't used a trader to pass my tests, I probably would have lost money from the u/KushKway You got some good things going there, I like the win rate and profit factor so that is a starting point in a very small sample size. The purpose is to test your trading consistency. 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. We would like to show you a description here but the site won’t allow us. Remember you don't always have to be trading, PAYtience is the most important in this business. This FTMO review guides you through the FTMO Challenge, including the signup process, member dashboard, trading platforms, challenge rules, free trial and fees. And if you get lucky and you pass, you won't hold the account for long. 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