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Price list ftmo reddit
Price list ftmo reddit. When analyzing my trading style FTMO seemed like it was the best fit for me hence why I trade with them now. It paid over $130M to its prop traders per data published on its website. •FTMO Swing Account: no longer need to close trades for the weekend and, once you've passed both the challenge and verification, if I recall correct they also dropped the requirement of minimum 10 trading days a month - i. 21300 to 1. It's a huge improvement for day traders at least. Funded traders can begin trading with up to $400,000 with leverage of 1:100 and keep up to 90% of profits made. There's no such thing as a prop firm that isn't a scam, because they show you numbers that you don't actually have. I’ve seen absolutely shocking things from ftmo in terms of where my Order is executed compared to where the price actually is. Hope this helps. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. When trading with FTMO funded accounts, it is crucial to have a clear understanding of spreads and how they compare to other brokers. I got slipped 4. com, a trading forum run by professional traders. And then they get it delivered physically. I am so hyped and a post like this motivates me a lot. Now we can trade through high impact news and hold runners over the weekend if we want. Just received this email from FTMO. , Non-Farm Payroll, Consumer Price Index) FTMO - I’d advise anyone to use FTMO before another firm as an overall choice, simply because they’re possibly the most established and reputable firm among the industry. Example: EURUSD price increases from 1. 5% and will take ages for the account the compound. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. The price lines should never be too far apart. note: Weekend trading hours on Cryptocurrencies may vary on each platform due to weekly scheduled maintenance times. There will always be a bit of latency even if you do have the correct price chart. I heard that mt4-mt5 is getting permanently banned for all USA clients. Similarly binary trading is also banned as it involves betting on the outcome of the price movement of a pair in a specific period . Unless you plan on opening more that 15-20 lots at a time the 30:1 is great. Not sure if FTMO is trying to capitalize on this early. FTMO Accounts can be increased to a maximum initial balance of $2,000,000! Please refer to the detailed summary table below for a comprehensive breakdown of our scaling plan requirements. It's invisible to you. Very happy with myself and my progress, especially that I started trading less than a year ago. I also got some reason leaning towards ftmo just a bit of a feeling but not liking it as double the price and a bit more restricting. Prices are relatively higher than other firms but Time limit is only con bro. Their challenges are a bit tougher than My Forex Funds where I'm currently funded. You initially pay for a challenge account. The prices seem a rip off IMO and you get 1:10 leverage which means trading on the higher time frames. which is more than enough to pay out the traders that do make money (90%+ loose) Step 3 – FTMO Account. Generally, you can multiply the price change value times 10 000 to get the pip value. 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. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. FTMO does not offer or provide services to users in your country. e. There are 4 different challenge accounts you can pay for: $10,000, $25,000, $50,000, and $100,000. g. We also take a closer look at the evaluation process, trading objective details and pricing. See full list on livingfromtrading. Then tick "spread" in "columns". Trusted modern prop trading firm. FTMO is double the price and slightly harder but I should be able to pass that as-well just wondering if any of you guys use any or both prop firms and what you would recommend. For your question: CFD or Future price are the same as the spot price cause they are build upon that. Now you can directly see the spread on the chart. Price keeps going against you another -$110 (-$2010 total) then back to negative -$1900. I've calculated everything precisely and my conclusion is that trading FTMO account would require almost the same performance as trading your own account taking advantage of compound gain(interest). FTMO ranks highly on Trustpilot based on 5,000+ reviews, with a 4. Read more articles by DailyForex. Welcome to FXGears. If you have $1000, that's the exact same as having a $10,000 FTMO account; if you lose $1000 on an FTMO account of that size, they close your account. Upon successful completion you can get an FTMO Account with a balance of up to $200,000. 8 - Win rate of 55-60%. PIP stands for Point-In-Percentage. You’d be risking less then 0. I learned a lot in the past months, backtested a lot every fucking day mate. This is because TradingView sources its price data from various exchanges and data providers, whileFTMO's MT5 platform sources its data directly from its liquidity providers. 9 out of 5. Edit: this is my first 9 days with real money after passing the FTMO challenge / verification steps. 9 pip spread on Tokyo session is unacceptable, I get 0. About FTMO. You can't open or close a position on certain pairs 2 minutes before or after a news release comes out that effects those pairs. Looking for serious traders. It is evident, the price change is very small and for that Popular options include the FTMO Calander, Forex Factory, Myfxbook, and TradingView. Whereas the market orders on ftmo (not all but some) have had insane slippage. So for example if you have 150$ and grow it yourself and use your profit to increase your gain for the next round, almost the same profit would be FTMO is legit and has been around for a while. 377K subscribers in the Forex community. Symbol Specifications & Trading Hours. 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. 00150. Similar trade on FTMO did not slip, another trade I got stopped out when the price was 0. Our FTMO Challenge is the first step of our Evaluation Process. FTMO companies do not act as a broker and do not accept any deposits. I trade pure price action, and all the full time traders I know don't trade fundamentals either. Prices start at €155 and can reach up to €1080, varying according to the initial trading capital provided for each challenge. Ftmo is awesome and industry standard, I'm just not a fan of the "make profits in this amount of time" system, but if I'm not mistaken as long as your account is profitable they will let you continue even if you didn't hit the target. Step 1 – FTMO Challenge. 3 pips on USDJPY, no rollover no news, London session. Hello, good day everyone. . I've researched and found these to rank like this, FTMO The 5%ers Fidelcrest TopStep Funded Next SurgeTrader Tell me if you… 58 votes, 46 comments. If you're looking for a ticker, make sure it's also a CFD. Dec 23, 2023 · FTMO features a tiered pricing structure for its trading challenges, crucial for those looking to get the best price on FTMO. 0. Price tags on simple things, like gas, no longer concern you. FTMO is a prop firm, you can pay a fee to be evaluated to earn capital (10,000 up to 100,000). Traders must hit a profit target set by FTMO, which varies based on Tradingview is just an aggregate source of prices from data brokers. I have come along way! Please share your experience with trading or even FTMO :) I traded the demo account on FTMO with 40k for 2 weeks and reached 20% and also passed all the rules, for me its time for a real challenge. Seeing a lot of videos lately of people passing FTMO challenges on Youtube. But for the challenge, they're faced with the same problem as before. 19 votes, 108 comments. I can't find the stats on how many traders have been funded for the year 2020 in FTMO. 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. Tick "Show ask price line" in the "show" tab. They are an essential aspect of trading that can significantly impact your profitability. You only need to pass 8% in the first round and 5% in the 2nd to get funded and drawdown is 12%. They don’t use EightCap like many do, and systems have always been stable in terms of execution speeds, slippage etc. You don’t have to worry about news and it helps you not to over leverage. I've done tons of comparisons. once you're a full FTMO Trader, you can even go on an entire month without trading at all if unforeseen 19 votes, 108 comments. FTMO is legit, and I assume they have a lot of very successful traders. Who is the FTMO Account Swing suitable for? FTMO Account Swing does not have any restrictions for trading around news releases and holding of trades overnight (above 2 hours market close) and over the weekend. But you don't trade a spot market. Please check the trading hours of the symbol in the platform you are using and refer to our Trading Updates site for the latest platform maintenance times, scheduled outages and other trading-related updates. FTMO Challenge: This initial stage tests a trader’s skills and discipline to meet specific goals. 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. Start trading with up to $200,000 on a demo FTMO Account. -ftmo's business model is based on the failed challenge fees. 2 on FTMO. This will be my 8th year in the game, I still take losses obviously, you just need to plan how to handle these losses - Damage control can be done by hedging and knowing how to react at important volatile prices areas where you would expect a bounce, think moving averages or psychological price points. FTMO developed a 2-step Evaluation Process to find trading talents. better off going with FTMO or MFF then finding your personal account that way. Fundamentals are too, but not as much as price action in my important but they can add confluence to a certain trading idea. I backtest a lot on TradingView, and also analyse on TradingView before looking to take a trade on MT5. Go back to the chart and press F8. I've researched and found these to rank like this, FTMO The 5%ers Fidelcrest TopStep Funded Next SurgeTrader Tell me if you… When analyzing my trading style FTMO seemed like it was the best fit for me hence why I trade with them now. These calendars typically display the following information: Release Date and Time: When the economic data will be released Data: The specific economic indicator being reported (e. 0 rating. I think they say they have a 1 point spread of eu - yeah fuking right 😂 Talented FTMO Traders who meet our Scaling Plan requirements are rewarded with a 25% increase in their FTMO Account balance and a bigger reward of 90%. For swing traders, it's a great improvement too once they actually get the funded account. 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. com FTMO ranks among the most trusted and transparent prop trading firms. com's Reddit Forex Trading Community! Here you can converse about… FTMO Swing account type. It's a crapshoot and a good way to get exposed to slippage or blow a prop firm account that restricts a lot of those events anyways. Spreads refer to the difference between the buying and selling prices of a currency pair. Press ctrl+m in MT5 and rightclick on the table. That gives you an easy overview over the spread on different pairs. 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. Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. 21450. This FTMO review guides you through the FTMO Challenge, including the signup process, member dashboard and trading platforms. The decimal increment of the price is 0. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. It's largely predicated on cultivating your experience properly, price action is extremely important and certain indicators compliment them well. 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… Posted by u/Prestigious-Key-560 - 27 votes and 30 comments Bro it’s wild. A Pip is a unit in price change commonly used in Forex. so let me clear things up: your trades never get placed in a real market. FTMO does have some downsides though the biggest being the news restrictions. seems like you guys have not understood how ftmo works. The real question is do YOU have a consistent and profitable method? That is the real question. The two stages of evaluation are making 10% profit of the account you choose in one month, and then 5% in two months. 1. Posted by u/thermonuclearstrudel - 91 votes and 114 comments Dec 7, 2023 · The FTMO evaluation process, designed to find and nurture skilled traders capable of handling the firm’s capital, consists of two stages: the FTMO Challenge and Verification. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. I trade the M1 , with all brokers I’m used to using market orders which are fairly accurate but never spot on to the current price. 5 years is laughable. Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. 20 votes, 56 comments. You must have an active $400K demo FTMO Account (Merged from two $200K demo FTMO Accounts or a single $400K demo FTMO Account) Profitability Active participation with the Prime Status for 3 months with at least 3 rewards and 4% profitability per reward. Little expenses that used to bother you, you don't even think about or care. Jul 31, 2024 · In a nutshell: FTMO is an exciting top-notch proprietary trading firm loved by thousands of seasoned traders. The main thing is experience though, that's generated through trading. The company now contacts a big big gold seller and buys the current market (spot price) for it. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. 5-1. Then you have to complete the challenge where you have to make 10% in one month while adhering to their drawdown conditions. You have to be profitable to be able to make money on their The best prop firm besides FTMO AID The Funded Trader In my option. A CFD is where an investor gets into a contract with a broker who purchases the asset for the investor, and depending on the difference between price at opening and closing, the investor either profits or loses. Well, just then you FAILED the challenge because you lost 8K last week then opened a position that briefly went -$2010 passing your maximum allowed drawdown at 10% or 10k. Not saying it can't be done, but as Mark douglas said, those news releases get manipulated anyways. 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. The maximum you can now lose on the account is 1500. FTMO's 70/30. 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. The max daily loss is the thing you need to watch out for. Sorry OP but that's a dumb question. Swing traders can go through a multi-month drawdown even with a profitable strategy, b The charts in TradingView and on the FTMO MT5 platform may have slight differences in terms of price levels and candlestick patterns. So can only lose 2000, you open a trade, price goes in your favor, you are 500 profitable, price reverses, hits your stoploss and you break even. This serves as a testament, however, of how badly designed the FTMO challenge is. com Team. 9 pips away, also had the same trade on FTMO that did not get stopped and went on to take profit. That 'potential' profit you could have had is now used against you, meaning the maximum amount you can lose on the account decreases. When you become an FTMO Trader, we already know that we can trust your trading skills and abilities to manage risk properly and therefore, we will provide you with top-rated trading conditions in the industry. The offered technical solution for the FTMO platforms and data feed is powered by liquidity providers. Many pips, far more than advertised. 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.
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