Ftmo challenge reddit. Hey guys, I am currently doing an FTMO Challenge.

Ftmo challenge reddit com is a platform that provides traders with the opportunity to trade with real money and potentially join their trading team. 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. That is the best way I got to get the funded account from FTMO. Thats why Im asking if you had expierence with this. The FTMO Challenge duration for all accounts is 30 calendar days. The 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. That means 30 days is the defined maximum of days available to reach the defined goals. -Share FUNNY Trading Countless YouTube videos, Udemy courses, Google searches. It was my first challenge and I couldn’t believe it was actually happening. I'm definitely no expert and have only just passed the FTMO challenge after a year of studying and messing around. GBP 20,000 and CHF 20,000. 200K on FTMO? At that point 1% is 2000, and 10% is 20000. com challenge. This serves as a testament, however, of how badly designed the FTMO challenge is. After passing both phases, you start getting all the profit you make. I cut my lot size in half to finish. Jun 14, 2023 · Just passed the challenge in under 5 hours, with zero losses, a 0. Around 90% fail the challenge, and those who pass, around 90% lose their account in a short time. Jan 13, 2022 · fuelforex is best for passing the FTMO challenge. 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 😂😂😂) 🤦🏾‍♂️ Sorry OP but that's a dumb question. You need to buy the challenge and then pass both phases. - To be with other like-minded forex traders. Forgive me but wouldn't it have been wiser to take up the challenge with the biggest account like for eg. So from my assumption it’s basically like the verification and FTMO challenge without a target. 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. 09%, the profit factors are 3. I don't understand why my win rate is 93. . Basically, during the challenge and verification, news does not matter, but once you've completed it, it will depend on your account type. Can't trade within 2 minutes before and 2 minutes after. Do you plan to take another FTMO Challenge to manage even bigger capital? Yes, later in the year once I have got settled into this account. They kept saying I had to wait till the 10 days are over and then i could reach the 10%. If you are up a bit and have not many days left, you could increase the risk a little bit to reach that profit target without blowing your profits. 32% and 4. Keep trading sharp! I have tried the FTMO challenge a few days and got a very bad and unfair experience. I have not loss one trade. com Challenge!. I can't find the stats on how many traders have been funded for the year 2020 in FTMO. Today i finished my first phase of my 100k Challenge. 7 and 2. What was the most difficult during your Challenge or Verification and how did you overcome it? The FTMO Challenge (as well as Verification and FTMO Account) is conducted in a demo trading environment that simulates real market conditions without financial risk other than the fee paid for the challenge. Hey guys. Our FTMO Challenge is the first step of our Evaluation Process. I felt cheated and disappointed. I would say go for it but you won't make life changing money because of how strict their rules are. Currently I'm doing the FTMO challenge and I got to the profit target. i’ve been reading posts and comments about FTMO’s challenge of 10% for 30days is ridiculously high. 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. 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. 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. Manage your risk. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. I'm new to FTMO. Jun 21, 2022 · There is a reason why phase 2 have longer time to pass and less profit target to achieve, because the company knows lots of people get lucky on the phase 1 and they want to challenge trader’s consistency. You have to be profitable to be able to make money on their Welcome to r/FTMO_Forex_Trading! If you're here, chances are you're looking for some tips on how to pass the FTMO. 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. Remember, in the market, perfection is elusive. 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 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. The real question is do YOU have a consistent and profitable method? That is the real question. Hello! I already passed ftmo demo trial for 14 days for 3 times already. Seeing a lot of videos lately of people passing FTMO challenges on Youtube. After a while it seemed better to simplify everything and just look at plain simple price action, I. The next section of the FTMO review explains the details of the FTMO Challenge, the Verification process and the specific trading objectives. So far so good, but I got there in 8 trading days instead of the minimum of 10 trading days. I have a Myforexfunds live account and have recently failed phase 2 of another challenge. One piece of advice for people starting the FTMO Challenge now. Later I took a second challenge and I was in the same position, $320 from finishing the first phase. 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. 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. Please dont get me wrong as I have a very limited knowledge about profits etc. As for risk management, a 1:3 risk-reward-ratio with just a 2% risk on solid trades was my golden rule. After the 30 days I was not able to get my account to break even. Welcome to the r/FTMO_Forex_Trading subreddit dedicated to discussing strategies for passing the FTMO. That was a low moment for me. I explained my case, and even took the so called loss which did not equal what I was supposed to be losing. Just because several ppl bragging it here, does not mean it is so many. Day 29 I was down 4%. 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. Questions 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. I have passed the initial challenge and I am currently trying for the verification phase. 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. 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… Jun 14, 2023 · Just passed the challenge in under 5 hours, with zero losses, a 0. Hey guys, I am currently doing an FTMO Challenge. You don’t get any of the profits from the challenge. I failed my FTMO challenge today. Thus, it’s equity based. My mentor tells me this is great for a first challenge since mostly everyone fails there challenge way before the 30 day mark. After paying the €250 to compete in the FTMO Challenge you will be given an initial trading capital of €10,000 EUR (or the equivalent in USD, AUD, GBP, CHF, CAD). 100K agressive challenge allow up to 10% DD and goal is to reach 10% profit the allowed 20K DD is considering the 10K profit already made Reply reply More replies 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. Compete in the FTMO Challenge Swing you will be given an initial trading capital of €20,000 EUR (or the equivalent in USD $25,000. 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. Just a curiousity of mine. Hi, I've coded an EA, and I plan to run these 2 sets of parameters of the same EA. 59 respectively. Welcome to MarketScreen – Navigating the Financial Markets Together! 📈 MarketScreen is your go-to subreddit for discussing everything related to stocks, trading, and investment strategies. That's how they make their money, and it's one of the best business models out there. So once you withdraw your profit for those 30 days it restart like a challenge. 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. 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. Thing is, if you can't trade successfully a 1k account, don't even try a prop firm. 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. You could possibly go yolo and pass it in a single trade in under an hour. I did the challenge myself. What’s the catch? Mar 19, 2022 · There's an interview with FTMO CEO where he mentions 94%trader fail the challenge. Step 1 – FTMO Challenge. Good afternoon Traders! I have successfully passed my $100K FTMO challenge. Check out my shared screenshots with FTMO challenge stats for a closer look at the journey to success. So you are paying €155 for the possibility of only getting access to at most $1,000. I am risking 1% per trade of 100k balance, and based on the graph, it shows profitability with drawdowns of 2. 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. FTMO. The challenge operates on the premise of trading with FTMO’s capital, allowing traders to trade in live market conditions without risking their own funds upfront. 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. Antes de obterem a FTMO Account, têm de passar o processo de Avaliação, denominado FTMO Challenge, seguido da etapa Verification. I got their service for 6 months. 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 for the type of news, I'm not too sure, but you can check the link as they provide an economic calendar. Don’t worry about it being a Challenge, just treat it like any other account with exceptions to risk sometimes. FTMO and other prop firms earn their money on people failing challenges. 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. So you get a new 50k account every time. These rules govern their trading activities and risk management strategies during the evaluation period. Jul 31, 2024 · €250 FTMO 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". 😀 The answer is revenge trading. FTMO is legit, and I assume they have a lot of very successful traders. FTMO developed a unique Evaluation Process for traders, consisting of an FTMO Challenge and a Verification, specifically tailored to discover trading talents. Traders who undertake the FTMO Challenge are given a set of rules and objectives to meet within a specified time frame. First things first, let's start with the basics. It is perfect for every trader who only have low-profit average strategies. This is my 3rd time with FTMO. After getting funded I ignored the trading plan and my psychology was in shambles. 22% drawdown and within 14 trades. 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. Because every account you withdrawal from it’s going to say passing. -ftmo's business model is based on the failed challenge fees. FTMO Challenge: Step 1. 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. I’m not saying its not hard. 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. Anyways can some one explain what's happening also I've got no open trades right now and everything is realized. 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. ” 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. 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. I think the amount of ppl passing the ftmo challenge and ppl who success in the markets are still on low side. I'm planning to get 100k usd funded account since yun ung talagang pinractice ko. 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 looking where price moves to. So, for example a common challenge is to do 8% in a month. 75% when I've made 16 trades and all profitable. udrqbyi urpnj xuhzazq shtnk htubbs rwmzirv pxayxgym sswmukf udxah xmuqi