Ftmo challenge reddit review. 22 votes, 24 comments.

Ftmo challenge reddit review Participants of the challenge need to pay fees that vary based on the selected account size, leverage, and the risk mode. I failed my FTMO challenge today. FTMO really doesn't like it when you risk a lot. That's how they make their money, and it's one of the best business models out there. Firstly, the Demo is a risk-free training ground. Welcome to FXGears. In 2022, FTMO had revenues of 4 billion CZK and EBITDA profit of 1. If u pass the challenge you get funded with their money. What I did with the challenge is just trade normally, make a a nice buffer and if the deadline approaches and I'm not close to the target I would either increase risk or go all-in on one trade. FTMO fees vary, starting at €89 for the 10k Challenge and going up to €1080 for the 200k Challenge. Please dont get me wrong as I have a very limited knowledge about profits etc. The email said that normally it would only take 1-2 days though. Users appreciate FTMO’s clear rules and reliable payouts. That is the best way I got to get the funded account from FTMO. Can you share your experience? Withdrawal process with diff payout Feb 20, 2024 · So many traders have taken the FTMO Challenge that you can find hundreds of Youtube videos, Facebook posts, and personal blogs from traders sharing their success stories and how they did it. Utilize the Golf Clash Discord for questions and chatter. FTMO Verification is a second step that follows successful completion of the challenge. Each challenge is associated with a specific risk level, either Normal or Aggressive (now discontinued). For this hedging process to work, you will need two accounts: a prop challenge account and a live account funded with a smaller amount. They have promos every month. This is why prop firms are an attractive option. So in my case, I reached a draw down exceeding 5%, but never an Please explain it like I’m five. I just passed phase 1 with TFT, fairly good conditions, nothing out of the ordinary. I love practicing with these challenges. Traders have shared their decent experiences with the prop trading firm. Economic releases can be powerful tools for traders, offering valuable insights into market movements. I have a 93% win rate with total ~20 trades (only have 1 lose trade). Educational content as well, psychology webinars and so on. And in my opinion, it is even easier than other currency because of the volume. ‍ Trading Objectives ‍ Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. Around 90% fail the challenge, and those who pass, around 90% lose their account in a short time. I felt cheated and disappointed. Apr 28, 2024 · FTMO has received lots of positive reviews that praise FTMO for their professionalism, transparency, customer service, and payout process. 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. 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? 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. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. If <10% of people complete the FTMO challenge, my guess is over half of those challange winners will break their drawdown rule due to not leaving enough drawdown cushion from previous profits, or just bad trading because they got somewhat lucky with the challenge results and time will reveal the true profitability. Trading with the (FTMO) Economic Calendar. Hello! I already passed ftmo demo trial for 14 days for 3 times already. Funding Pips offers a user-friendly and accessible entry process for novice traders, while FTMO has a more stringent review procedure and profit targets. Jul 31, 2024 · €250 FTMO Challenge. I said August because I'll have a whole week off in August. Stop taking ftmo challenge. Forex market inherently is tough to survive and add prop firm rules on top of it, the prop firms have all the edge. Posted by u/Stalins-Ball-Hairs69 - 4 votes and 11 comments 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… Don’t take another challenge until you pass the free FTMO demo challenge again and again. It is more of a trap set by them, in the name of challenge or dare or whatever they want to call it. It incorporates the most common prop trading rules, giving you an edge in the competitive world of prop trading. I am recently also switching from trading options to forex. Title pretty much explains it all. I have come along way! Please share your experience with trading or even FTMO :) Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. 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. Check out my shared screenshots with FTMO challenge stats for a closer look at the journey to success. Only 8% of all challenge takers pass. 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 Hey everyone, i started frmo about a month ago, it took me about 2 weeks to pass the first challenge, last week I started the second phase of the challenge and the whole time I've just been in loss, I've been trying to trade in a disciplined manner and haven't been risking more than . com's Reddit Forex Trading Community! Here you can converse… 3. $250 FTMO Challenge: This challenge offers the same initial trading capital of $10,000, following a payment of $250. You get the same platform and challenge structure as the real deal, allowing you to hone your skills and refine your strategy without risking a dime. 1% of those who take a challenge pass both stages. Exclusive Access: Unlock a new, larger challenge option ($400k) at a discount. All Reviews . I can see why they're expensive and honestly they are the best in my opinion. From what I remember MFF has 3-4 pip spreads on gold while FTMO has around 1. 4 days ago · FTMO qualification for traders consist of two steps: FTMO Challenge- this is a basic evaluation of traders skills and discipline. Looking at the top 3 on their monthly leaderboards, this person Kasper was at like 90k by June 3, and $270k June 9. Going for the 100k challenge next week 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. 22 votes, 24 comments. My mentor tells me this is great for a first challenge since mostly everyone fails there challenge way before the 30 day mark. I’ve been funded by ftmo for a couple years and I remember being bummed when cTrader was discontinued in the US. 80 after all the trades hit my stop losses. Good afternoon Traders! I have successfully passed my $100K FTMO challenge. Reddit has made some changes in their billing for API calls that effect ALL of 3rd party developers that have alternate apps. From the people I know, they’re usually aiming at around 3-8% a month so getting 13% should be around a bit more than a month, ofc there are people who also pass challenges within 1-2 weeks but speaking on avg id assume it FTMO challenge. Most importantly, have fun! Your trading journey is a marathon, not a sprint. Also I'm fairly sure FTMO gives you a demo account after you've passed the challenge, and then they copy the trade onto a real account so there may be 1 pip differences by the time an order is filled which in your case could be huge. FTMO interviews FTMO Challenge Free Trial . Please participate in other subreddits (other communities on Reddit) to increase your Comment Karma points. I was in gain and their metrics were telling that I failed the max daily while at the same time I was in gains of over 1k. I blew two of them after just one payout from each, and one of them I couldn't make a profit before losing it eventually. FTMO offers I started using it about a month ago now and just made it to step 2 on the 150k challenge. 242 votes, 229 comments. 5%-1% is better for long run, Actually I was doing well in the two phases but in the FTMO account I wasn’t myself when I look to my entries back then i says WTF why did i took that trade whats the reason for the entry, I was just want to make money fast, Greed blinded my insight now, I believe revenge/over Trading has a huge psychological never pay regular price for challenges in MFF. I cut my lot size in half to finish. As far as I understand, Funding Talent lets you keep some of the demo account profit too, but in the long run it may become more expensive (75$ a month for the 25k account, and the first subscription fee around 200 if I'm not mistaken) and then keeps 20% of your Just passed my first FTMO challenge by hyper scalping. , whereas other people say FTMO, like 'all prop firms', make money through people paying for, failing, and repeating their challenge, and those who do pass are . We will review your case and get back to you. To be honest I have received several payments from FTMO since I registered on FTMO, I was able to make 62 000€ (not including the fees paid to the professional to take my tests). 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. I plan on taking the challenge but it's definitely not as great as I thought it was. if you want to succeed on anything know everything about something is very beneficial. If you’re really determined then plan on trying out the challenge X number of times until you get the hang of it. 5 to 2. You'll keep failing. And looking where price moves to. Step 1 – FTMO Challenge. 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. Check out our FTMO Review here on Reddit. I have reported the issue to the support team , I now await the response. That means 30 days is the defined maximum of days available to reach the defined goals. 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. FTMO and other prop firms earn their money on people failing challenges. ‍ Trading Objectives ‍ The founders aim to continue improving the educational aspects of the platform. After getting funded I ignored the trading plan and my psychology was in shambles. 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. You just need to wait in the right time (I trade on NY section) and wait for the volume to kick in. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the Thing is, if you can't trade successfully a 1k account, don't even try a prop firm. Upon successful completion of the Evaluation Process, you are offered to trade on a demo FTMO Account with a balance of up to 200,000 USD. 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. 32% and 4. true. I could see I was trading in a emotional state and felt very isolated. This blog post will introduce you to economic releases and how you can leverage them to make informed trading decisions. I feel the challenge is more of a puzzle. You need to buy the challenge and then pass both phases. Hi, I've coded an EA, and I plan to run these 2 sets of parameters of the same EA. After a while it seemed better to simplify everything and just look at plain simple price action, I. There's an interview with FTMO CEO where he mentions 94%trader fail the challenge. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. So, for example a common challenge is to do 8% in a month. Just that was a real accomplishment for me. That sucks. Welcome to /r/AMD — the subreddit for all things AMD; come talk about Ryzen, Radeon, Zen3, RDNA3, EPYC, Threadripper, rumors, reviews, news and more. Jan 19, 2023 · Of course, MT4 and MT5 are good in their own ways but we feel that the availability of cTrader under FTMO is really something worth appreciating. i’ve been reading posts and comments about FTMO’s challenge of 10% for 30days is ridiculously high. there are 50 prop firms operating as of now , but no firm can match track record . wait for it if you wanna pursue it. fuelforex is best for passing the FTMO challenge. The website, dashboards etc are waaaaay above other forex prop firms, looking actually pro. If you cannot pass multiple times in a row, then prop firms are not for you. I would sa 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: Nov 28, 2023 · $155 FTMO Challenge: Upon payment of $155, participants are allocated an initial trading capital of $10,000. The majority of challenge takers are not aware of this and are risking only 1% to 2%. Just a curiousity of mine. 5-1. Is anyone having a lag on mt4 while trading on ftmo servers? I have noticed few times where server just wont respond to log in or anything, when… FTMO Challenge update, their metrics system once again flagged an inexistent max daily loss violation, while the account both the balance and the equity were in profits. Savings: Get a 10% discount on all future FTMO purchases. I'm definitely no expert and have only just passed the FTMO challenge after a year of studying and messing around. You don’t get any of the profits from the challenge. which is more than enough to pay out the traders that do make money (90%+ loose) -the really great traders with good rm and consistency over a longer term basis get copy traded onto a larger live account. 38 votes, 55 comments. I almost nuked my account by letting a trade get away that came back from being 4950$ drawdown. Day 29 I was down 4%. 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. Free Challenge: Earn a free FTMO challenge at the same size as your current account. FTMO is legit, and I assume they have a lot of very successful traders. Everything you need to know before trading with FTMO Challenge prop firm at our website. We also take a closer look at the evaluation process, trading Nov 27, 2024 · Consider the FTMO review from experts and customer reviews from traders. - To be with other like-minded forex traders. Hey guys. After having the funded account you don’t have any monthly profit target. This includes unrealized losses. You have mentioned you're profitable on your own and with a large sample size, so congratulations. 9%) of those survive until the first payout/refund of challenge fee. This serves as a testament, however, of how badly designed the FTMO challenge is. You will now lose the challenge if your account balance goes anywhere under 21. Trying to pass one of these prop firm challenges isn't easy. Countless YouTube videos, Udemy courses, Google searches. Feb 8, 2024 · This FTMO review guides you through the FTMO Challenge, including the signup process, member dashboard and trading platforms. :) you'll be in a much stronger position before taking on the FTMO challenge by testing first your EA on a demo account for a couple of months and save money, just my 2 cents . According to MFF's own statistics around 2. com's Reddit Forex Trading Community! Here you can converse about… First level ftmo challenge on a 200k account Prop Firms I have a 75% win rate but I end up losing some trades which takes a big hit in the account,it's been 3 days since I took the challenge to reach 10% but am feeling like the numbers are big but I have did it easy lot of time before(on smaller accounts) I feel little nervous to big lot and Most don't have the money or the time to grow their own personal account. 7 and 2. 5% a trade, I just feel like I have been so unlucky this whole time, I haven't won a trade so far this week and WHAT I like about FTMO? 😀 For new traders, FTMO is a good place to start. A place to discuss forex strategy, ideas, analysis, and concepts. I like to swing trade in the 4 hour time frame so I’d prefer to find one that isn’t too strict about holding over the weekend or trading during news. Things I learned from this challenge The FOMO, the fucking FOMO. I also read some reviews on TrustPilot and it seems like the Daily drawdown is one of the main reasons why traders fail the FTMO challenge. After passing both phases, you start getting all the profit you make. The real question is do YOU have a consistent and profitable method? That is the real question. Bonus Rollover: Receive a 5% bonus when you roll your profits into a new FTMO account (withdrawable after 30 days). I would say go for it but you won't make life changing money because of how strict their rules are. A lot of traders have been able to make a good living by trading full-time thanks to FTMO. I know FTMO offers a free 2-week demo challenge account to practice on. When you finally learn how to trade consistently and generate profits, the sky is the limit. I got their service for 6 months. At the end of every trading cycle (or at the end of an FTMO challenge), the system will generate a detailed account analysis. Spreads are ok but i trade small lots so. 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 😂😂😂) 🤦🏾‍♂️ I'm new to ftmo and just doing the first challenge for getting in funded and ofcourse I've gotta keep an eye out on everything. 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. -ftmo's business model is based on the failed challenge fees. Very happy with myself and my progress, especially that I started trading less than a year ago. My experiences during both the challenge and the live account phases have been excellent. Without mt5, I’ll probably just finish out the month with the profits I have now and be done with ftmo. Most people tend to still take the initial capital before entering the trades (let's say 25. Take your time, bad losing streaks happen to everybody. Let's face it, a lot of traders fail and lose money and I admit it myself, if I hadn't used a trader to pass my tests, I probably would have lost money from the However I’m not sure if FXify or FTMO is better; here’s a breakdown: For the same 200k account, no time limit, 90/10 split, monthly payout - FTMO: cost $1387 90/10 split not available at the start first payout is some time after passing (not on demand) along with only 100% refundable challenge fee I’ve tried FTMO and Trader2B, and can confirm that the culmination of experience day trading will help you be successful in passing these. I explained my case, and even took the so called loss which did not equal what I was supposed to be losing. 😀 The answer is revenge trading. There's a real mix of opinions out there, some people say FTMO is a great company to trade for as you get to keep a generous portion of the profits and get good leverage, spreads etc. However I know I needed a brief time off to recover my mental capital, I then drew a plan with plenty of time left, i needed to remove the emotional and mental distress of the challenge pressure and decided to aim for just 1% weekly target, and trade the account as if its an actual ftmo account. 331K subscribers in the Forex community. reviews Make us credible . "At FTMO - daily draw downs are equal to losses. The FTMO Challenge duration for all accounts is 30 calendar days. FTMO's 70/30. Looking through the trades since I triggered the challenge to start. Most people only lose the challenge because of too much risk and therefore the mindset takes a hit. to be fair, ok over-leveraging. The rules for the Challenge Passing help you handle risk management better. 7. The founders want to keep FTMO headquartered in the Czech Republic. . Ftmo is a prop fund and u pay a fee to participate in a challenge. So from my assumption it’s basically like the verification and FTMO challenge without a target. IMO don’t pay for courses bc there’s enough free info out there. 59 respectively. Keep trading sharp! Thanks for the feedback, I plan to get a VPS and buy a small FTMO challenge to run the EA and see what happens for the next 3-4 months. I'm trying to wrap my head around which one is best to start my career with, in the next months. Later I took a second challenge and I was in the same position, $320 from finishing the first phase. This is my 3rd time with FTMO. After the 30 days I was not able to get my account to break even. I'm not worried about the 5% daily drawdown limit, I know how to avoid that. Sorry OP but that's a dumb question. I hardly think anyone is successful over time on FTMO, given they mostly force you to day trade, which is a sure fire way of losing money or at the very least having major drawdowns, which keep you from having a long-term prop career. Dec 16, 2024 · ‍ FTMO offers a range of account types, including the 10k, 25k, 50k, 100k, and 200k challenges. 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. 09%, the profit factors are 3. 6 pip spreads. 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. I'm planning to get 100k usd funded account since yun ung talagang pinractice ko. A new prop firm could go bankrupt if their model is not bulletproof. Don't expect to get funded on your first try. 8 - Win rate of 55-60%. I started a 100k toptier trader challenge this morning using mt5 via think market. I’ve been full time since 2007 and have never paid for trading instruction. I am a bot, and this action was performed automatically. As for risk management, a 1:3 risk-reward-ratio with just a 2% risk on solid trades was my golden rule. Same thing with taking a prop challenge. It is perfect for every trader who only have low-profit average strategies. 22K subscribers in the Forexstrategy community. We are currently recommending and standing by FTMO. I have just bought an FTMO challenge and I got my FTMO challenge login credentials from the clients panel. Today i finished my first phase of my 100k Challenge. Basically, during the challenge and verification, news does not matter, but once you've completed it, it will depend on your account type. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. I can make 10+% per month on a good month, but to have 10% average would require too high risk. For me personally it is too much. 8 billion CZK. As for the type of news, I'm not too sure, but you can check the link as they provide an economic calendar. Deposit the challenge fee into a brokerage account and trade it away. If you believe this was a mistake, please kindly message the mods. 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). as long as you don't resort to shady practises and align your trading style with them , you are good to go. Also make sure to read reviews online, like the FTMO review on this sub-reddit, before you get started. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. The next section of the FTMO review explains the details of the FTMO Challenge, the Verification process and the specific trading objectives. I have downloaded the cTrader from the FTMO website and I tried to login with the login credentials from my FTMO account but it failed. 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. Quadrio offices Purkynova 2121/3, 110 00, Prague Czech Republic That was a low moment for me. Just because several ppl bragging it here, does not mean it is so many. FTMO has specific rules and guidelines for trading in their Challenge and Verification phases, and it is recommended that you review these rules before starting your trading. As for high frequency trading (HFT) with an EA, FTMO does not specifically prohibit this type of trading, but they do have some restrictions on the use of EAs. While you're at it, read through Reddit's "reddiquette" here. I am risking 1% per trade of 100k balance, and based on the graph, it shows profitability with drawdowns of 2. Uhum. In essence, less than 1 in 100 people who take a paid challenge survive until the first payout and challenge refund. No. I’m very curious about this phenomeno, never took an ftmo challenge, would like to hear your thoughts and experiences. Nov 22, 2024 · The FTMO Reddit reviews are also generally positive. FTMO Challenge: Step 1. I’m not saying its not hard. 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. $100k is equivalent to trading with $3500 worth of REAL capital because $5000 is the max limit for loss, and you gotta take 70% of your cut which boils down to $3500. That way I can be at my computer whenever I want. I want to take the FTMO challenge for a swing account in August. Welcome to /r/AMD — the subreddit for all things AMD; come talk about Ryzen, Radeon, Zen4, RDNA3, EPYC, Threadripper, rumors, reviews, news and more. Note that this is not the first time it happens I actually traded gold on FTMO demo account for a while. /r/AMD is community run and does not represent AMD in any capacity unless specified. Tiny risk and good mindset is the way to win. Our FTMO Challenge is the first step of our Evaluation Process. e impulse, corrective, impulsive etc. FTMO Challenge Swing: In this challenge, participants receive a starting capital of $20,000. 1%-3% max but I think 0. 377K subscribers in the Forex community. If you are a real profitable trader you shouldn’t have any problem following FTMO rules. Right now I am taking the 5%ers trading challenge, which allows me to swing trade comfortably. FTMO Benefits. The difficult thing for me will be reaching the 10% profit target. Key Features: Built for Prop Trading: Pow Banker EA is specifically designed to help you pass the FTMO challenge and trade live. Don't panic towards the end of the challenge to meet the profit target by risking more. They have a long history in the industry, proven consistent payouts, and upstanding customer service. So today I failed my FTMO challenge. On my 25k FTMO Challenge it says the max daily loss is exceeded today but it never actually did, i never did at any point go into drawdown above $1,250, i had stop losses set for every trade and today i only lost $698. Great spreads, no slippage whatsoever. FTMO developed a unique 2-step Evaluation Process for traders. The first trade went at most 150$ into drawdown. Do not be tricked by fly-by-night firms offering cheap thrills. Can't trade within 2 minutes before and 2 minutes after. 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. Account Analysis. When you pass each stage, the upgrade to the next stage is seamless, eliminating the need for any follow-ups. A place for all to talk about Forex. FTMO without second thought. As for what prop funds are, google it. Remember, in the market, perfection is elusive. So I've been a funded trader with FTMO, which obviously means I've passed phase 1 and 2 of their challenge. Multiple passes in a row. The subreddit has not kicked you out or gone private. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. In a challenge at the moment with them i took 2 days ago. FTMO offers greater flexibility in trading methods, including swing-based and longer-term strategies, and encourages a patient and risk-averse approach. to be fair, they are cheaper than FTMO and they allow trading during news events that's why i tried it out (i believe FTMO doesnt allow it once you are fully funded even for non-swing account) 11 votes, 36 comments. I see no reason to use anything either than FTMO, they have established themselves, have lots of good reviews and most importantly they have the capital to pay people and support their system. Reviews and what people say about them in the social media look good. - Each challenge was done separately, months between one and another. It's been quite awhile since I've done an MFF challenge so my point of view may be outdated especially if they've improved the spread or not. So once you withdraw your profit for those 30 days it restart like a challenge. professionalism ,longevity of FTMO. The idea of getting funded with FTMO makes it more appealing than trading stocks with my own money at the moment. FTMO is the most reliable prop firm for obtaining funding. A Facebook group called “FTMO Challenge Support Group” has over 21,000 members and offers a variety of tips and tricks to pass the Challenge. with FTMO you can get a practise account and test fills , spreads for 14 days. You have to be profitable to be able to make money on their Dec 16, 2024 · ‍ FTMO offers a range of account types, including the 10k, 25k, 50k, 100k, and 200k challenges. 600 Dollars (27k - 20%). And if you get lucky and you pass, you won't hold the account for long. The r/GolfClash subreddit is dark from June 12th-14th in support of the Reddit Blackout Protest. All opinions welcome and valid without moderation. The edge to collect all challenge losers money who are huge in number. Articles, links, etc are all… FTMO developed a unique 2-step Evaluation Process for traders. This Evaluation Process consists of an FTMO Challenge and a Verification and is specifically tailored to discover trading talents. To pass a propfirm challenge you’re required to have a total return of around 13% (usually 8% phase 1 & 5% phase 2). If you can pass the ftmo challenge, that means you can double your capital in a month without the restrictions of ftmo. I’ve been looking at other prop firms like FTMO, the5%ers, and true Forex funds. I pass the challenge within 10 days. 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. I was only targeting a 1:1 RR and leaned on a higher win rate for profitability. Even fewer percentage (0. If you make even a cent over the 10K capital, FTMO gives you a free retake. FTMO doesn’t have time limit anymore, so I would decrease risk even more, risk so little that you can easily lose 20 or more trades in a row. Going through my FTMO challenge right now. Just completed the 10% challenge for the 100k account on ftmo in 36 hours. 000) as their calculation-basis and call funding firms a scam because their account balance never went under 20k (25k I have tried the FTMO challenge a few days and got a very bad and unfair experience. It was my first challenge and I couldn’t believe it was actually happening. Guys you have unlimited free tries while during the challenge to pass it if you don’t break the rules but don’t achieve the profit target 10%. On my FTMO account under credentials with the login ID and password it also says platform DXtrade. com's Reddit Forex Trading Community! Here you can converse about… 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. If you're in the scaling plan, you get a new "initial balance" reflecting the "scale up". I have a Myforexfunds live account and have recently failed phase 2 of another challenge. Can funded account help with discipline? I have been thinking about it and started challenge, my thinking is that it can help me to stick to the rules as i know account will be terminated if violation of rules, which wont happen on personal account and i can blow it again. Trustpilot. GBP 20,000 and CHF 20,000. Just like anything in life, practice makes perfect. Seems to work so I'll see how it performs going forward. 380K subscribers in the Forex community. Because every account you withdrawal from it’s going to say passing. 58 votes, 46 comments. My question is if any of you guys who have passed the first… EA uses a well-calculated hedging strategy to either pass the prop challenge or recover the cost of the challenge (challenge fees), so you don't have to pay for another challenge if the first one fails. I passed the 50k challenge where you had to make 5k (10%) over 30 days in just 4 days, but had to place trades for an additional 6 days to meet the 10 day requirement. 8K subscribers in the ForexForALL community. I signed my contract 3 days ago and I still haven’t received my funded account until today. FTMO has also started acquiring other trading firms like Quantlane. Many reviewers have shared their experiences of passing the challenge and verification phases, receiving their funded accounts , and getting their profit splits on time. I’m just waiting for them to email me my credentials for my verification phase which is gonna be much easier than the challenge because you only have to make 5% over 60 days. So you get a new 50k account every time. I blew up my account twice in one day early on which cost me $200. -Share FUNNY Trading I think the amount of ppl passing the ftmo challenge and ppl who success in the markets are still on low side. Or am i just over trading and bound to blow lol? Don’t buy a challenge to follow this topic, if you can’t trade after passing the challenge there’s no point of taking the challenge in the 1st place. This topic is mainly for people who already have a challenge going on, and they struggling with it, as it become more stressful and it might influence your performance. zqfbv upua rja jjzz dzqbw sbdc lif lqyl tbovh xpzri