Best ftmo challenge reddit. 09%, the profit factors are 3.
- Best ftmo challenge reddit Most importantly, have fun! Your trading journey is a marathon, not a sprint. In my personal opinion FTMO is best for day traders since for scalpers they may be affected by the trade copying and swing traders can't hold over the weekend. As for the type of news, I'm not too sure, but you can check the link as they provide an economic calendar. My question is if any of you guys who have passed the first… 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. We express our warm welcome to our new FTMO traders. You need to buy the challenge and then pass both phases. Challenge: Two-step program requiring 8% profit in step 1 and 5% profit in step 2, with max loss of 10% and max daily loss of 5%. As long as you know the game you are playing getting funded is always the best option. FTMO and other prop firms earn their money on people failing challenges. I’m very curious about this phenomeno, never took an ftmo challenge, would like to hear your thoughts and experiences. Hey Guys, just passed a demo challenge in 5 days on FTMO, so happy! I'm not selling anything, not selling my EA, not selling courses, just here to share my progress :) FYI I used my latest creation, TurboScalpX discussed here last week: Hi, I've coded an EA, and I plan to run these 2 sets of parameters of the same EA. -ftmo's business model is based on the failed challenge fees. - Each challenge was done separately, months between one and another. Today i finished my first phase of my 100k Challenge. They kept saying I had to wait till the 10 days are over and then i could reach the 10%. No. 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 can take individual challenges for up to 200k USD each, and a maximum total allocation of 400k USD. I’m not saying its not hard. So once you withdraw your profit for those 30 days it restart like a challenge. You will have superior account conditions in the form of our own FTMO account solution with very low commissions and raw spreads. Step 1: The FTMO Challenge A 30 calendar day demo account where you will have to trade according to our rules. A lot of traders have been able to make a good living by trading full-time thanks to FTMO. This offers more room for loss compared to the other options, but has a higher entry barrier due to the multi-step process. Only 8% of all challenge takers pass. Entry cost: $495, refunded upon passing. Around 90% fail the challenge, and those who pass, around 90% lose their account in a short time. Can you share your experience? Withdrawal process with diff payout 875 subscribers in the ForexCracked community. 242 votes, 229 comments. I also did the same with an account on my wife’s acct and had 100k x6! It’s a solid profit. 1%-3% max but I think 0. Do not be tricked by fly-by-night firms offering cheap thrills. 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. 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. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. 13 votes, 19 comments. WHAT I like about FTMO? 😀 For new traders, FTMO is a good place to start. And looking where price moves to. I can pass your ftmo challenge I’m only doing 5 spots . All the best for you tho. That's not to say you can't be a successful swing trader or scalper with FTMO, I just think it may be more difficult to meet the requirements. So you are paying €155 for the possibility of only getting access to at most $1,000. Welcome to FXGears. 09%, the profit factors are 3. I think that the FTMO trading is a good opportunity for traders to get good returns for a small amount. I want to start the 10k FTMO challange but i am scared of the Max Daily Loss what would be the best lot size that i can use to… 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. 32% and 4. e impulse, corrective, impulsive etc. 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 That was a low moment for me. This serves as a testament, however, of how badly designed the FTMO challenge is. While you, the trader, naturally want the biggest bang for your buck, prop firms simply can't offer massive accounts at rock-bottom prices. It requires patience, time and discipline. Price won't be the same though and that could result in getting stopped out in MT4 when it looked fine in TV or you might exit a trade and leave too many pips on the table or get into a trade in an awkward position, or any number of things when trading with a price disparity. I am risking 1% per trade of 100k balance, and based on the graph, it shows profitability with drawdowns of 2. The issue here is that you see all the 'success' stories and no failure stories. I did the challenge myself. On the paper, gaining 10% and 5% in 2 months in a row is tough job. 5% per trade with a 1:2 risk-reward ratio, you will hit 10% in 10 trading days. Check out my shared screenshots with FTMO challenge stats for a closer look at the journey to success. As for risk management, a 1:3 risk-reward-ratio with just a 2% risk on solid trades was my golden rule. 8 - Win rate of 55-60%. That's how they make their money, and it's one of the best business models out there. Don't panic towards the end of the challenge to meet the profit target by risking more. When you finally learn how to trade consistently and generate profits, the sky is the limit. I have been trading a 40,000€ demo account at FTMO for the last two weeks (see screnshots) to see if I can put what I have learned into practice, i also made some The majority of challenge takers are not aware of this and are risking only 1% to 2%. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. 5%-1% is better for long run, Actually I was doing well in the two phases but in the FTMO account I wasn’t myself when I look to my entries back then i says WTF why did i took that trade whats the reason for the entry, I was just want to make money fast, Greed blinded my insight now, I believe revenge/over Trading has a huge psychological Remember, in the market, perfection is elusive. price negotiable depending on challenge size … if I can’t pass it then you get your fee refunded (not your challenge fee only the fee for me to pass it for you) . After a while it seemed better to simplify everything and just look at plain simple price action, I. Basically, during the challenge and verification, news does not matter, but once you've completed it, it will depend on your account type. 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. true. Deposit the challenge fee into a brokerage account and trade it away. Essentially, the challenge is free if you succeed. You have to be profitable to be able to make money on their In order to become an FTMO Trader, you will have to pass our 2-step Evaluation Process. The truth is prop firms like FTMO have a balancing act to perform. 😀 The answer is revenge trading. The real question is do YOU have a consistent and profitable method? That is the real question. So you get a new 50k account every time. Please dont get me wrong as I have a very limited knowledge about profits etc. Same thing with taking a prop challenge. Keep trading sharp! I think so, but not all of them, people say why wouldn't they do it themselves, lest they forget max amount you can have is 400k on ftmo for example, so if he can consistently make profit on his/her own, they can do it on other accounts, and if they manage it after the challenge, take a % of what they make on the account, if they lose the challenge, they may only refund the service fee or Is anyone having a lag on mt4 while trading on ftmo servers? I have noticed few times where server just wont respond to log in or anything, when… Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. The subreddit for all things related to Modded Minecraft for Minecraft Java Edition --- This subreddit was originally created for discussion around the FTB launcher and its modpacks but has since grown to encompass all aspects of modding the Java edition of Minecraft. Most people tend to still take the initial capital before entering the trades (let's say 25. 7 and 2. 600 Dollars (27k - 20%). After the 30 days I was not able to get my account to break even. It has a free trial that’s quite tough if you ask me. One thing you should know before taking this challenge is that FTMO requires steady traders. My opinion would be go for it, but be disciplined and use it to fund your personal account to a good size account (10k, 25k, 100k, whatever you're comfortable with). I explained my case, and even took the so called loss which did not equal what I was supposed to be losing. You need to study for it, practice, take notes and review them, learn with friends if you can and only try to take the test when you absolutely feel like you're ready. I just recently got my first FTMO challenge. Except with taking a prop challenge, you can pick the day when you're ready and if a lot of props removed a time limit, then even better. Think of it this way, take only the very best and most probable setups you can find within your parameters and the results will follow, take trades best off of monetary gain and greed alone and the unnecessary losses will surely follow. It was my first challenge and I couldn’t believe it was actually happening. I learned to trade with a family member and when I started 4 months ago I was reading the graphs really well and it was a fun learning experience. Thing is, if you can't trade successfully a 1k account, don't even try a prop firm. Just a curiousity of mine. If you can pass the ftmo challenge, that means you can double your capital in a month without the restrictions of ftmo. Looking through the trades since I triggered the challenge to start. 11 votes, 36 comments. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. For example, if you risk 0. 5-1. Hello! I already passed ftmo demo trial for 14 days for 3 times already. If you make even a cent over the 10K capital, FTMO gives you a free retake. Hey guys. My mentor tells me this is great for a first challenge since mostly everyone fails there challenge way before the 30 day mark. I'm planning to get 100k usd funded account since yun ung talagang pinractice ko. 34 votes, 61 comments. FTMO is legit, and I assume they have a lot of very successful traders. 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. This feedback is very valuable to new traders or those seeking some trading motivation. 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. Countless YouTube videos, Udemy courses, Google searches. Things I learned from this challenge The FOMO, the fucking FOMO. I cut my lot size in half to finish. 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. -Share FUNNY Trading Passing the challenge is easy with a bit of luck but 99% of those who pass the challenge can’t manage to keep the account for more than a month since they would break the rules because they simply don’t know how to trade. I’ve been trading since I got out of high school 2021. I bought the 10k challenge and plan on working my way up to 100k and just using profits to scale up and pay for the next challenge. FTMO challenge's fees might seem steep at first glance, especially for prop trader hopefuls eyeing the larger account sizes. The best prop firm besides FTMO AID The Funded Trader In my option. 22 votes, 24 comments. 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. I blew two of 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. . Welcome to MarketScreen – Navigating the Financial Markets Together! 📈 MarketScreen is your go-to subreddit for discussing everything related to stocks, trading, and investment strategies. Well done mate (not sarcasm btw) ! But i do not think ur strategy will consistently make 30% a month because that would make u a better trader than the best traders in the world , and no offence the odds of you being the best trader to ever exist is quite slim 😂 but Yh ride thay son of a bitch😂 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 FTMO Challenge Prop Firms This made no sense but I found it hilarious and it’s also the reason I would probably avoid steering people to Prop firms… at least this one… but I’m sure everybody gets different results. I'm definitely no expert and have only just passed the FTMO challenge after a year of studying and messing around. So, for example a common challenge is to do 8% in a month. - To be with other like-minded forex traders. 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 felt cheated and disappointed. 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 feel the challenge is more of a puzzle. let me know ! Peace Stop taking ftmo challenge. You get a much bigger drawdown amount relative to the fees paid for the challenge. 8 days of trading, 259 trades, Profit factore 2. Please explain it like I’m five. 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. You don’t get any of the profits from the challenge. Jun 2, 2024 · 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. Day 29 I was down 4%. 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 failed my FTMO challenge today. i’ve been reading posts and comments about FTMO’s challenge of 10% for 30days is ridiculously high. Def do FTMO, completing that challenge completely changed my life because I would’ve never been able to trade with 100kUSD without them. So from my assumption it’s basically like the verification and FTMO challenge without a target. After passing both phases, you start getting all the profit you make. Can't trade within 2 minutes before and 2 minutes after. This includes unrealized losses. Because every account you withdrawal from it’s going to say passing. Remember you don't always have to be trading, PAYtience is the most important in this business. None of the people that fail post anything up on reddit because there is no point, while the people that succeed (which is a tiny %) are on here having their 15 mins of fame before 99% of them inevitably lose the account which they attained through luck rather than actual trading skill. You have mentioned you're profitable on your own and with a large sample size, so congratulations. What was the most difficult during your Challenge or Verification and how did you overcome it? Apr 5, 2023 · To pass the FTMO challenge, take smaller risks and plan on using up a good chunk of the 30 days to reach the target. ForexCracked Official subreddit; Share and Discuss Forex EA, Indicators, Lessons, strategies, Video… So today I failed my FTMO challenge. com's Reddit Forex Trading Community! Here you can converse… I have tried the FTMO challenge a few days and got a very bad and unfair experience. 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. 000) as their calculation-basis and call funding firms a scam because their account balance never went under 20k (25k Long story short, I want to aim for a €40,000 challenge next year and wanted to ask you what your experiences are with FTMO and what you can possibly give me tips along the way. Posted by u/Fantastic-Drama9484 - 6 votes and 16 comments Sorry OP but that's a dumb question. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the 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. Take a look into how they managed to score the FTMO Challenge and what methods they used to pass our Evaluation process. After getting funded I ignored the trading plan and my psychology was in shambles. However, if you can do that, then you are in the game. The rules for the Challenge Passing help you handle risk management better. 59 respectively. 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. You will now lose the challenge if your account balance goes anywhere under 21. As long as you keep the challenge fee money aside, you can retake it again if you happen to lose it. I could see I was trading in a emotional state and felt very isolated. Later I took a second challenge and I was in the same position, $320 from finishing the first phase. Very happy with myself and my progress, especially that I started trading less than a year ago. You'll keep failing. 46 :D Soooo happy We are currently recommending and standing by FTMO. They have a long history in the industry, proven consistent payouts, and upstanding customer service. 331K subscribers in the Forex community. And if you get lucky and you pass, you won't hold the account for long. Thats why Im asking if you had expierence with this. yktw hqgl azpbh jhxclag xgt xoml vfl acpxrc dfyq qjev
