Ftmo success stories reddit

Ftmo success stories reddit. When considering your risk you need to use the maximum drawdown amount, not the total account size. . You can lose 10% on FTMO with 10% target, so you have to double your account. I guess the main questions are- is that the best way to do this, should I just hire a CPA (suggestions?), and are any of you trading for FTMO/how are you paying your taxes (if you are US based)? I have tried the FTMO challenge a few days and got a very bad and unfair experience. Also do FTMO swing also have Scaling function just like Standard FTMO account 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. As it gives atleast me kind of a hopeless feeling. My best trade so far has been EJ long. 400$ 3. Dude was managing a million dollar account with them and went on to trade for some firm out in Dubai. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. Tell me your experience with FTMO, is it worth it? : r/Forex You don't get his logic, because you apply the same rules to a private account. A place for those that suffer to gather and share their stories. Relying on the fact that we will achieve 100% success in trading is not a good idea. com - Trustpilot Novice traders who want to pass FTMO Challenge should not only be concerned with the Maximum Loss or Maximum Daily Loss rules. For swing traders, it's a great improvement too once they actually get the funded account. The move will enable FTMO to offer trading services directly to its clients potentially increasing their service portfolio and potentially providing better control over trading conditions and fees. I've done challenges on both and I personally prefer FTMO. Mate, if you re-read my response, you'll see I covered your exact position as probably the only reason anyone would use this service. The firm might not have the capital to back up all those big accounts, especially if many (funded) traders see success. The main reason is rules and laws. S. Over the years, FTMO has helped numerous traders realize their potential and achieve significant milestones in their trading careers. FTMO has a dashboard that lists the times that the news will be released. FTMO Benefits. I felt cheated and disappointed. 4% per day on a $50,000 Account) you would be withdrawing $500 minimum by the end of week one or week two completely regaining your ROI on the Account and then some. All the best for you tho. I'm a little biased though because I also trade bitcoin in addition to forex and the MFF's crypto spreads are horrendously garbage imo. Read Customer Service Reviews of ftmo. Tip 2 - Create reminder notifications for the upcoming week of all high impact news just in case. TLDR: I need some cheering up, so I would love to hear some post-diagnosis success stories, please. 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. 12 votes, 82 comments. as long as you don't resort to shady practises and align your trading style with them , you are good to go. true. Keep trading sharp! Getting fucked on market orders hard. Technically can i have 2×10k accounts 1×25k accounts 1×50k accounts 1×100k accounts 1×200k accounts Which amounts to a total of $395,000. com. You need a solid strategy, discipline and dedication. 13% per trade. See full list on modestmoney. 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. 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. with FTMO you can get a practise account and test fills , spreads for 14 days. I’d like to know what you guys think of it. FTMO does have some downsides though the biggest being the news restrictions. I've been trading for about a year now and have been consistently profitable over roughly 1000 trades (I have my Oanda stats to back me up). 343K subscribers in the Forex community. I quickly learned that wasn't the case with a prop firms 5% daily DD. Crowdfunding is the new norm to download the most popular courses on social media for a… When analyzing my trading style FTMO seemed like it was the best fit for me hence why I trade with them now. I backtest a lot on TradingView, and also analyse on TradingView before looking to take a trade on MT5. This rule is in place to ensure that an ample audience can freely discuss life in the Netherlands under a widely-spoken common tongue. Studies say 94% experience some sort of ocd or intrusive thoughts during their life but the real figure is about 100% as the last 6 probarbly just isnt aware of it. The problem is it adds up tons of taxes on your final gains (30% tax, 20% Urssaf as "Prestation de services, and your usual FTMO commission). All traders should follow some basic rules in their […] Eventually, however, he discovered FTMO, and today he trades on a $400,000 FTMO Account. If you believe this was a mistake, please kindly message the mods. 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. Just a heads up in case anyone was looking at doing the challenges. Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. FTMO | The Modern Prop Trading Firm since 2015 FTMO | Modern Forex Prop Trading Firm & Funding Challenge Welcome to /r/Netherlands! Only English should be used for posts and comments. FTMO has 5 stars! Check out what 13,380 people have written so far, and share your own experience. For every success story there are at least 10 failures, because of that focusing on consistency and a long-lasting trading career would be much more beneficial for traders rather than hoping for one gamble to change their lives. Let's say some other trader in another part of the world also happens to trade the 5m EMA crossover strat and takes the same trade as you. 😕 Customers from the US are no longer welcome. Tip 1 - On your phone or computer you should add another clock time to match FTMO's local time. Hello OP, im on my way to becoming funded as well. I can't find the stats on how many traders have been funded for the year 2020 in FTMO. If you’re really determined then plan on trying out the challenge X number of times until you get the hang of it. 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. Passed FTMO Trial in 2 days (Happy to share tips!) i shorted a downmove and got lucky over 7 trades. Mira los últimos precios aquí: https://ftmo. Trying too hard and studying too hard has diminishing returns and is counterproductive. Look at Bernd Skorupinski. Although fortunes can be made very quickly in financial markets, they also can be lost at the same pace. Every Wednesday, we bring you new interviews with FTMO Traders. Even on Gold I notice there spreads can get a little high. Reaching a trading success rate of over 90% is not something just anyone can achieve. com's Reddit Forex Trading Community! Here you can converse about… are the people that pass your ftmo challenge legit? : r/Forex 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. Trader Verniel becoming FTMO […] In summary, FTMO stands out as an innovative and trader-friendly Forex prop firm, offering high profit shares, flexible trading conditions, and supportive tools that empower traders to achieve their trading objectives while contributing to the firm's continued growth and success. The leverage is only 1:30 instead of the usual 1:100 however it is easily compensated by trippling your lot size. Imo, it defeats the point of the scaling plan if FTMO is that afraid of a random successful trader here and there. M1 lets you earn, invest, spend, and borrow all on one financial platform. even if it's just a simulation. So instead of risking 1% per trade, he can now risk 0. Check out my shared screenshots with FTMO challenge stats for a closer look at the journey to success. It's helping me see more of the positives of getting diagnosed and getting help. 1. Am in a ftmo 200k account I trade gold mostly and I have 69% success rate am happy to share knowledge in return for same. Who can be better to provide good advice than those who passed our evaluation course? Check out the interviews with our new FTMO Traders and be motivated by their success stories. 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. Welcome to FXGears. Jun 7, 2020 · In episode 249 of the Desire To Trade Podcast, I interview funded trader Michal Biesek to talk about his trading journey and share how he successfully passed Welcome to FXGears. The research i came up with states that you should have a micro company in France. But once you have the funded account, there's no reason to take any risk that will blow your account. We had a nice push down and then formed a very clean desc nature (or channel), […] A journey to receive the FTMO intial balance is not always easy. 1600$ 5. •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. once you're a full FTMO Trader, you can even go on an entire month without trading at all if unforeseen 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. 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. Any help is greatly appreciated! It's advised to risk 1% of your account per trade, 2% if you wanna be more aggressive (this is not recommended for strategies that use low win rate/high reward since the drawdown would be much deeper) so this means that you need to lose 100 trade to lose your account or 50 if you pick 2%. Remember, in the market, perfection is elusive. The official Reddit page for Atlas Reality's ATLAS: EARTH, a location-based game where players can earn real-world rent. All information provided on this site is intended solely for educational purposes related to trading on financial markets and does not serve in any way as a specific investment recommendation, business recommendation, investment opportunity analysis or similar general recommendation regarding the trading of investment instruments. But for the challenge, they're faced with the same problem as before. ¿QUÉ NO ME GUSTA DE FTMO? Los objetivos de ganancias del 10%. com What do you think is the key to long-term success in trading? Humility, perseverance, a strong mind and a decent IQ. Additionally, you need close any open positions on the pair it'll effect . Ftmo looks to be the best fit for me. He emphasizes that the greatest advantage of having a larger FTMO Account is the ability to engage in trading with significantly reduced risk. Spread on limit orders is also rediculous. com, a trading forum run by professional traders. visit… is FTMO legit & reliable? if yes, then do you think it's worth Seven people I know passed their ftmo last week and their trading days are under 10 so they have to place minimal trades just to hit thay objective now. We are a proprietary trading firm with a mission to offer world-class trading technology, exceptional 24/7 support, customer-centric challenges, and become the destination for top talent traders. 1%-0. there are 50 prop firms operating as of now , but no firm can match track record . com, or over email at support@atlasreality. atlasreality. This could lead to situations where the firm struggles to pay out profits, defeating the whole purpose for traders. FTMO no es una típica firma de apoyo. Hey since the max allocation is 400k for FTMO. Here, we share a few success stories and testimonials that highlight traders’ experiences with FTMO. 377K subscribers in the Forex community. -Share FUNNY Trading In Conclusion. While these are important from the risk management and money management perspective, there are many more factors a trader must consider for long-term success. Read their stories and inspire yourself by learning from their experiences. We are a non-judgmental place of compassion and light-heartedness. If you can make 10% on FTMO for 5 months, on your private account you will have: Month 0: 100$ 1: 200$ 2. FTMO's 70/30. I guess that's where personal preference comes in because I'm perfectly fine with risking 0. com's Reddit Forex Trading Community! Here you can converse about… Why FTMO funded account trial is a dangerous trap for you. Trader Mohammed shares valuable information Describe your best trade. Ftmo might he the next go seem ok just different targets tge 2% extra might take one or 2 goes however finish the month in profit and you get a free retake. 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. For FTMO, the two trials involve more luck that normal trading due to the time constraint. Hey guys, I am currently doing an FTMO Challenge. After 5 winning days of $200 each day (Only 0. M1 is made for those looking to build their wealth using powerful automation and topflight rates. In the next part of the series about successful FTMO Traders, we will have a look at a trader who managed to do what every forex trader hopes for. Edit: Thanks for all the responses, particularly those linking to other stories and resources. I’ve tried FTMO and Trader2B, and can confirm that the culmination of experience day trading will help you be successful in passing these. John, a trader from Australia, states: “FTMO has been a game-changer for me. FTMO offers a variety of beneficial features for traders aiming to maximize their trading potential. Reply reply. Now we can trade through high impact news and hold runners over the weekend if we want. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. Here are testimonials of our traders. The Real Housewives of Atlanta; The Bachelor; Sister Wives; 90 Day Fiance; Wife Swap; The Amazing Race Australia; Married at First Sight; The Real Housewives of Dallas Please participate in other subreddits (other communities on Reddit) to increase your Comment Karma points. Ftmo is a scam Nov 28, 2023 · $250 FTMO Challenge: This challenge offers the same initial trading capital of $10,000, following a payment of $250. I think I read somewhere that FTMO paid out 25 million last year to traders. Reply reply [deleted] Savings are hard to come by because FTMO doesn't give them out very often. You have to be profitable to be able to make money on their Dont break the bank for forex and stock trading courses. Searching for it online is a waste of time. I am a bot, and this action was performed automatically. 58 votes, 46 comments. Now, my hypotesis are 3: They are really professional traders (very unlikel, maybe 1 out of 1000). Then you have to complete the challenge where you have to make 10% in one month while adhering to their drawdown conditions. Sorry OP but that's a dumb question. I have passed the initial challenge and I am currently trying for the verification phase. Swing traders can go through a multi-month drawdown even with a profitable strategy, b Aug 12, 2023 · In this comprehensive FTMO review, we explore how FTMO provides funded trading accounts, evaluate traders' performance, offer support and education, and showcase success stories. FTMO Forex Trading Community was created with the following intentions: - To help new and… Saying ocd cant be beaten or overcome kind of irks me. FTMO is a company based in the Czech Republic. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. Aug 12, 2023 · Success Stories and Testimonials. Anyone doing ftmo you would hope would use technical and fundamental analysis too and the more of these they use the more success they will have so that will put them above 50% success rate. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. My man, the fact that you passed the challenge does not mean you'll mean a shitload of money with them UNLESS the strategy you used to pass the challenge is sustainable and returns CONSISTENT profits over a relatively long period of time. On the paper, gaining 10% and 5% in 2 months in a row is tough job. Do my statements make sense? If yes, why would anyone not go for a swing account? Thanks for everyones help in finding a good prop firm. So, how do prop firms like FTMO ensure long-term sustainability? Welcome to FXGears. I’m not sure ftmo suits low time scale scalping. You initially pay for a challenge account. We would like to show you a description here but the site won’t allow us. There are 4 different challenge accounts you can pay for: $10,000, $25,000, $50,000, and $100,000. Is FTMO trustable? FTMO ranks among the most trusted and transparent prop trading firms. 25% per trade with Mentfx since they have unlimited time per challenge, as opposed to 2% per trade with FTMO's 30 day limit. I failed my first 5ers challenge with poor risk management because my strategy works for my personal accounts. With FTMO, to get your 70% profit share, you have to invoice them, which I would do from my LLC (once I create it). 3200$ The year 2021 in numbers We have a collection of the most popular trading courses used to pass FTMO, myforexfund MFF, the funded traders and other prop firms. Looking at the top 3 on their monthly leaderboards, this person Kasper was at like 90k by June 3, and $270k June 9. Why are the Ftmo spreads so big? : r/Forex Let's say you trade a tripple EMA crossover strat on the 5m. Need assistance? Contact support in-app via the settings, online by clicking on any article and scrolling to the blue "Contact us" button at support. I've seen a lot of FTMO Youtube videos interviewing some of their profitable traders who are making anywhere from maybe 5k - 50k profit split in a month. Reply reply Revolutionary-Case36 Action Movies & Series; Animated Movies & Series; Comedy Movies & Series; Crime, Mystery, & Thriller Movies & Series; Documentary Movies & Series; Drama Movies & Series FTMO known for its proprietary trading services has announced plans to become a broker. Leave your review to help others. 8 - Win rate of 55-60%. In a weird way, when I treat my FTMO accounts and personal account (connected with social trader tools) like demo accounts, I stop caring so much that it messes me up. Discover the pros, cons, and real-life experiences of traders who have used FTMO's services. The real question is do YOU have a consistent and profitable method? That is the real question. Thank you for the feedback I will definitely have a look at his YouTube channel and I do already know some of the basics on supply and demand , I have been watching another channel called Dave teaches and although his videos are long his strategy he uses look so simple and he trades with supply and demand as well as mitigation and imbalance on the 1m and 15m and from what I have seen from his That's true. 800$ 4. How has passing the FTMO Challenge and Verification changed your life? FTMO shares plenty of success video stories where its prop traders participate in 30-minute interviews, confirming FTMO pays its prop traders. Anyone that has used it can you tell me how the payouts were and if you had any difficulties with them in any way. Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. - To be with other like-minded forex traders. 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. You have missed the point by so much that it is now in an entirely new universe. 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 understand the business model but I’m wondering if there’s anybody on here that’s funded 50-100k and has received payouts? Hey Traders, My name is Adam and I am Head of Growth at The Funded Trader. We will review your case and get back to you. I mention all the other stuff, because there's a lot of people out there who think that just getting a funded account will solve all their problems, and I want to make it very clear that it will not. FTMO is legit, and I assume they have a lot of very successful traders. I don't think FTMO would be afraid of someone who is outperforming others. 42 votes, 37 comments. Or maybe you have a success story you’d like to share. 5-1. professionalism ,longevity of FTMO. IMO, MFF only beats FTMO with better evaluation requirements. AMA. As for risk management, a 1:3 risk-reward-ratio with just a 2% risk on solid trades was my golden rule. Hello, good day everyone. e. FTMO only lets you trade CFDs, which is illegal in the U. 6K subscribers in the FTMO_Forex_Trading community. 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. Any FTMO swing account trader here, does they allow news trading, in the about it says yes, but the clause says no. No hay muchas firmas de apoyo que ofrezcan coaching de trading y oportunidades laborales reales como lo hace FTMO. We paid out more than $190,000,000 to FTMO Traders and sent these payouts to more than 180 states. If you watch some ftmo interviews on YouTube you will easily notice how little experienced are some of the guests. 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. Parece que realmente se preocupan por ayudar a sus traders a mejorar aún más. Thanks for reading this FTMO review. The difference between FTMO Account and FTMO Account Swing is that, in the second one, you can trade through news and hold trades over weekends. Im not sure about lets say total account sizes of $395,000. FTMO Challenge Swing: In this challenge, participants receive a starting capital of $20,000. Hey everyone, Edit: this is my first 9 days with real money after passing the FTMO challenge / verification steps. It's a huge improvement for day traders at least. Seeing a lot of videos lately of people passing FTMO challenges on Youtube. While you're at it, read through Reddit's "reddiquette" here. FTMO without second thought. They would promise to fund your trading account with any of their chosen brokers (mostly small brokers located in Cyprus), for up to 100 thousand dollars leverage, but only if you first pay them a certain amount of money in advance for a demo. xieb klds eweznqc frc moprie gjrpdq jrbn ymt wukyju hbtw