How to use ftmo reddit. I consider myself in between day and swing.

How to use ftmo reddit I use Daily, 4 hour, 15 minute for analysis, and 1 minute for entry. I enjoy playing swings using RSI, keeping in mind support and resistance and the higher TFs. The prop firm will control the account at the broker, that's why they pick and choose who they work with. Take a look into how they managed to score the FTMO Challenge and what methods they used to pass our Evaluation process. You are trading with their money with the intent of producing a return against the market. , trading my strategy, consistently. Do your research but so far, my experience with MFF has been great. Congrats brother on passing ️🍻 To pass challenges FTMO, FUNDEDNEXT or any prop firms. I am using 1 lot and 2 being the maximum. Ask yourself this: why would they charge you a commission on each trade when you are trading with their capital? FTMO is it's own broker, I've asked that recently and that's what they replied. For FTMO, the two trials involve more luck that normal trading due to the time constraint. So now I have my eyes on the high stakes program with 5%ers I think we have the same strategy break in support/resistance retest then confirmation with candlestick pattern (e. As long as your risk is ok and your stop losses are set properly there shouldn’t be slippage. Use this subreddit to get advice on renting or buying accommodation in the UK, or to have civil discussions about it. Use smaller and proper size every single trade. First of all I would like to know from people who had any experience with these two, if they are both allowing to copy trades between account on different prop firms. Yes, from my review of the same question, I believe US persons or entities can participate on the FTMO platform. Upon successful completion you can get an FTMO Account with a balance of up to $200,000. If you're trading with a propfirm that has it's own broker ex: MFF -> TGG, FTMO -> FTMO, AFG -> AFG etc. Their challenges are a bit tougher than My Forex Funds where I'm currently funded. In Europe, max leverage is 1:30 and in Japan it's 1:25, so 1:50 isn't bad at all. Because when you overleverage with $3. They aren’t a broker, they use an institutional liquidity provider. You can set as You want even 5 pips SL 15 pips TP ) I am using it at 0. . I recently started trading again in January of this year cause my friend told me about FTMO and how they let you use there capital. FTMO developed a 2-step Evaluation Process to find trading talents. It trades RR 1:2 Daily EURUSD ,GBPUSD ,USDJPY , USDCAD. -Share FUNNY Trading I consider myself in between day and swing. Wouldn't matter if they don't have money management plan. Only reason I kept going through all the failures is because I remembered that first payout feeling. The challenge consists of trading with a virtual account for 10 days, with a specific set of rules and conditions. It all depends on how quickly the trade moves. etc. I am worried that if I use a bigger lot size, I might hit the daily loss limit and my losses might be difficult to overcome. g engulfing). After you sign up, you can either start an FTMO Challenge right away or, as we usually recommend, start with our Free Trial, which is a free version of our FTMO Challenge intended for practicing purposes. This feedback is very valuable to new traders or those seeking some trading motivation. It felt SO good, I got greedy and blew my account, and just NOW - 1 1/2 years later, I have a 50k FTMO account, using proper risk mgt. As long as you don't let yourself go below the starting balance you won't have to buy another challenge. They are also large enough to offer their own brokerage along with your funded account. FTMO. When my trades follow my setup, I can make 200 pips atleast. ( RR 1:3 ,RR 1:4 , You can even change the SL and Take profit . If the prop firm uses a third party, regulated broker like Eightcap, BBMarket, etc. 5k sitting around that I can afford to use so I'd rather pass the challenge in one shot and build my own capital to fund myself. You only need to pass 8% in the first round and 5% in the 2nd to get funded and drawdown is 12%. 1:50 leverage is fine and plenty for most people. FTMO’s model is very innovative though … once having passed the Challenge and Verification test phases and having become eligible to participate on the FTMO platform, the so-called FTMO ‘trader’ basically just plays an electronic game of simulated trading with virtual funds 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. Feb 8, 2024 · This FTMO review guides you through the FTMO Challenge, including the signup process, member dashboard and trading platforms. Started trading with a demo account and actual 1000 - 500 dollars accounts but I obviously blew them 😂. com is a platform that provides traders with the opportunity to trade with real money and potentially join their trading team. Please only submit content that is helpful for others to better use and understand Bing services. You can set the risk as You want . But once you have the funded account, there's no reason to take any risk that will blow your account. Add your thoughts and get the conversation going. 5% / trade. I used FTMO in the past and they are legit, I was able to withdraw and everything but I had to change my strategy and it doesn't work with FTMO's parameters. Please remember: Reddit IS NOT a replacement or substitute for a qualified solicitor, and any advice given here which relates to the law is purely academic in nature and should not be relied upon. However, before you can do that, you need to pass their challenge. Welcome to FXGears. How does it work?. I trade a live account with ftmo for a while now and never experienced any bad slippage. I'll hold anywhere from a couple hours to a couple days. When considering your risk you need to use the maximum drawdown amount, not the total account size. We also take a closer look at the evaluation process, trading We express our warm welcome to our new FTMO traders. FTMO is a prop trading firm. FTMO is legit and has been around for a while. How do you use fibo and rsi in your chart as confluence i need to try this . 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! A Reddit Community run by MM community members for those that want to use, learn and understand more about how to heal chronic illnesses with Medical Medium information. Be the first to comment Nobody's responded to this post yet. 5ers is the same. I use top down analysis at the core of my strategy. I just don't have $3. The amount of capital you get is great for easy money, given you pass and get a payout. FI/RE (Financial Independence / Retiring Early) is a money strategy that's sweeping the nation. Took me several challenges to pass but all worth it. We are a non-judgmental place of compassion and light-heartedness. Btw im taking also a prop firm challenge but not ftmo. It's up to the broker you use with that prop firm if they scam you or not. If I had to say there is 1 particular concept I use, it's looking for price manipulation that happened during the day and forming my basis for trade idea around that, while still keeping my attention on the larger overall picture and trend on the higher timeframes. I have been told that this lot size is too small. I use a discretionary strategy but contain it with SLs Since the challenge resets you can use all that risk you have accumulated and start making larger trades to pass the challenge the closer you get to running out of time. It has STOP LOSS 10 PIPS AND TAKE PROFIT 20 PIPS . A subreddit for news, tips, and discussions about Microsoft Bing. Never used them. It's not easy, but it is simple: earn more, spend less, and use the difference wisely. Could be 14%. After your first payout with FTMO you basically are playing with house money. Not actively monitored by Microsoft, please use the "Share Feedback" function in Bing. With that said, if I could open say an FX account in Australia, I'd say 1:200 (up to 1:400 is allowed in Australia) would be a good all-around leverage amount to have but not necessarily use. % doesn't matter if the trader isn't using any money management. Build a baseline of financial security with the difference first, then use it to invest for your future. Hello, I would like to start two challenges with two different prop firms, FTMO and The 5%ers. 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. They're probably manipulating spreads, slippage & swap. - To be with other like-minded forex traders. I would get a payout and my refund then use that money to fund a personal account so you have YOUR rules without risk of losing a certain amount. Slippage only occurs over night with stocks or on the weekends with indices and forex…. 5k using 1000:1 or 500:1 liquidity with a broker like LMFX, Hugosway, or any unregulated broker, you can trade using the exact same lot size. I was learning from this guy name raja banks when he use to stream everyday with other people. 4% isn't unrealistic at all. rywbt qpgfin phrztu brhqae vvcz muxvvn auqi hah fqbemcub sptobo