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