Best ftmo challenge reddit. I'm taking a break until next week.
Best ftmo challenge reddit The real question is do YOU have a consistent and profitable method? That is the real question. Posted by u/FxTrader13 - 23 votes and 50 comments I see you are 3 days into the challenge and you had a day where you were down nearly 8% on your challenge. Yesterday I put it on the account it made 116 usd Today it did 735 usd. It has a free trial that’s quite tough if you ask me. Same with the 5% on the 2nd challenge. "At FTMO - daily draw downs are equal to losses. However, if you can do that, then you are in the game. -ftmo's business model is based on the failed challenge fees. The best prop firm besides FTMO AID The Funded Trader In my option. FTMO has also started acquiring other trading firms like Quantlane. Seems to work so I'll see how it performs going forward. Find something that works atleast 50% win rate and do not ever break rules. I’m not saying its not hard. 5% profit per week, 5 RR per week. No. 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. 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. Def do FTMO, completing that challenge completely changed my life because I would’ve never been able to trade with 100kUSD without them. Step 1: The FTMO Challenge A 30 calendar day demo account where you will have to trade according to our rules. 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. Welcome to MarketScreen – Navigating the Financial Markets Together! 📈 MarketScreen is your go-to… Posted by u/watts8921 - 7 votes and 28 comments I'm going to take part in the FTMO challenge soon but I'm not sure if FTMO lets you keep your profits during the challenge and verification stage. 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. Sorry OP but that's a dumb question. I’m curious if this works So I decided to try an ftmo 10k challenge. But I'm happy with the ease of passing this challenge. I like to try different ones, to see who is better. So for example, take the FTMO challenge, you’ll need to pass the 10% target. I think that the FTMO trading is a good opportunity for traders to get good returns for a small amount. 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. 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) . Anyways can some one explain what's happening also I've got no open trades right now and everything is realized. 7 and 2. You don’t get any of the profits from the challenge. co/r5MtfCG https://ibb. Let's say I took part in the $10K challenge, and met all requirements and have an ending balance of $12K, since I hit the target of $1K in 4 days. Hey guys, I have seen some recent news about MFF prop firm, and now I am curious whether FTMO is in a danger being shut down too? I've finally achieved some consistent results on my demo trading and felt comfortable enough to start a challenge the last week, but now I am confused. I can understand why they have the rules they have. If you reach your 10% you have reached your goal and move to the next challenge. WHAT I like about FTMO? 😀 For new traders, FTMO is a good place to start. Just completed the 10% challenge for the 100k account on ftmo in 36 hours. I cut my lot size in half to finish. 357K subscribers in the Forex community. I have just started the demo challenge as well, and I am using TradingView to do the analysis. - Each challenge was done separately, months between one and another. FTMO & MFF Funded certificates Doing new ones this year follow my journey! u/wannabechampfx ADMIN MOD • The Secret to Passing ANY Funded Challenges using this 3 Step Strategy, sharing the strategy breakdown, the psychology and the thought process when doing a funded challenge. 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. For example, if you risk 0. So from my assumption it’s basically like the verification and FTMO challenge without a target. 5-1. Just depending on the volitility those moments really. Rec Room is the best place to build and play games together. Countless YouTube videos, Udemy courses, Google searches. 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 about… Posted by u/ThatArmy2631 - 1 vote and 1 comment Passed my 200k challenge today! Super pumped. Check out our FTMO Review here on Reddit. 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. After the 30 days I was not able to get my account to break even. , 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 To pass a propfirm challenge you’re required to have a total return of around 13% (usually 8% phase 1 & 5% phase 2). Just a curiousity of mine. 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. 75% when I've made 16 trades and all profitable. I also did the same with an account on my wife’s acct and had 100k x6! It’s a solid profit. Thanks for the help I got when I was trying to find a good prop firm. I was only targeting a 1:1 RR and leaned on a higher win rate for profitability. This feedback is very valuable to new traders or those seeking some trading motivation. I usually trade my own money and wanted to know some things. The best place on Reddit for LSAT advice. 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. So in my case, I reached a draw down exceeding 5%, but never an I am taking the 100k high stakes at the moment and up 0. Day 29 I was down 4%. You need to buy the challenge and then pass both phases. You'll keep failing. You will now lose the challenge if your account balance goes anywhere under 21. That's how they make their money, and it's one of the best business models out there. com is a platform that provides traders with the opportunity to trade with real money and potentially join their trading team. You can take individual challenges for up to 200k USD each, and a maximum total allocation of 400k USD. . Therefore prices and spreads will be different. This includes unrealized losses. FTMO and other prop firms earn their money on people failing challenges. 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. 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. But the 10% per month is very hard with only a 10% DD allowed. This offers more room for loss compared to the other options, but has a higher entry barrier due to the multi-step process. Note that this is not the first time it happens FTMO Challenge. 8 billion CZK. FTMO is good, but they stopped taking U. On day 2 I rode the manufacturing PMI with 80 lots, and then doubled down my position on EURUSD. 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. This is my 3rd time with FTMO. The rules for the Challenge Passing help you handle risk management better. They have a long history in the industry, proven consistent payouts, and upstanding customer service. 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. com's Reddit Forex Trading Community! Here you can converse… Thing is, if you can't trade successfully a 1k account, don't even try a prop firm. I understand what I did wrong too but definitely not taking my chances elsewhere. 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. Buying another 200k challenge to max out my 400k allocation. No discounts are provided for traders repeating the FTMO challenge and when trading objectives are violated, the trader forfeits the initial fee paid for the FTMO challenge. I’ve been trading since I got out of high school 2021. In 2022, FTMO had revenues of 4 billion CZK and EBITDA profit of 1. to be fair, ok over-leveraging. I felt cheated and disappointed. Welcome to FXGears. After getting funded I ignored the trading plan and my psychology was in shambles. On the paper, gaining 10% and 5% in 2 months in a row is tough job. Most people tend to still take the initial capital before entering the trades (let's say 25. Without the weekends, you’ll get 20 trading days. 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. 13 votes, 19 comments. So my idea is to take the challenge to gain some extra capital for trading. 😀 The answer is revenge trading. I feel the challenge is more of a puzzle. 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. I almost nuked my account by letting a trade get away that came back from being 4950$ drawdown. 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. It was my first challenge and I couldn’t believe it was actually happening. Utilize the Golf Clash Discord for questions and chatter. https://ibb. 11 votes, 36 comments. After having the funded account you don’t have any monthly profit target. Articles, links, etc are all welcome. Forcing yourself to trade everyday does not work well (for me especially). First things first, let's start with the basics. So you get a new 50k account every time. Risking 0. 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. Very happy with myself and my progress, especially that I started trading less than a year ago. Posted by u/GoatedBum - 1 vote and no comments Currently I'm doing the FTMO challenge and I got to the profit target. let me know ! Peace Entry cost: $495, refunded upon passing. If you can pass the ftmo challenge, that means you can double your capital in a month without the restrictions of ftmo. I started trading with a new one, Tradersedgefx. Because every account you withdrawal from it’s going to say passing. It must’ve hit SL due to spread, I have an FTMO account and I know they’re not cheats, it’s in their best interest that you make money! FTMO really doesn't like it when you risk a lot. Posted by u/Fantastic-Drama9484 - 6 votes and 16 comments In order to become an FTMO Trader, you will have to pass our 2-step Evaluation Process. I'm new to FTMO. I did the challenge myself. Stop taking ftmo challenge. I have tried the FTMO challenge a few days and got a very bad and unfair experience. Bad months happen. Now I have to wait 8 days to start step 2. Hey guys, I am currently doing an FTMO Challenge. It's great that you're currently up 3% but if you allow yourself to hold losing trades and go down 8% in one day then your success wont be sustainable. 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. Hopefully somewhat more advanced than the content on other forex subs, but questions are always welcome. 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. They kept saying I had to wait till the 10 days are over and then i could reach the 10%. The r/GolfClash subreddit is dark from June 12th-14th in support of the Reddit Blackout Protest. You have mentioned you're profitable on your own and with a large sample size, so congratulations. For this hedging process to work, you will need two accounts: a prop challenge account and a live account funded with a smaller amount. e impulse, corrective, impulsive etc. Remember you don't always have to be trading, PAYtience is the most important in this business. I could see I was trading in a emotional state and felt very isolated. I can pass your ftmo challenge I’m only doing 5 spots . 380K subscribers in the Forex community. I’m very curious about this phenomeno, never took an ftmo challenge, would like to hear your thoughts and experiences. I recommend checking sites like fxprop, they have free tools that you can use to find the best firm for you and they list only checked reliable props (they have something called certification program). 242 votes, 229 comments. I'm planning to get 100k usd funded account since yun ung talagang pinractice ko. 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). If you lose 3 trades which is 300 dollars in a row the strategy isn't working. 331K subscribers in the Forex community. 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! I am very risk averse so 2% per trade is high for me. This time around I got another 10k challenge but exceeded my max loss and daily loss and still was allowed to move on to phase 2. 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! I think this goes against FTMO's user agreement and ToS. FTMO challenge. And also the best spreads - ftmos used to be double those on 5ers during news and gap times. Recently I started to try out Prop firms and went with FTMO I tried a 10k challenge and passed and made it to a small payout. I just recently got my first FTMO challenge. 5% per trade with a 1:2 risk-reward ratio, you will hit 10% in 10 trading days. Basically, during the challenge and verification, news does not matter, but once you've completed it, it will depend on your account type. 32% and 4. 5% etc but ultimately you have some rules on the challenge that will have to be followed else its over. After a while it seemed better to simplify everything and just look at plain simple price action, I. FTMO challenge's fees might seem steep at first glance, especially for prop trader hopefuls eyeing the larger account sizes. 8 - Win rate of 55-60%. The subreddit has not kicked you out or gone private. EVEN IF they can pass an FTMO challenge and provide you a funded account, YOU STILL NEED TO BE ABLE TO TRADE SUCCESSFULLY TO DO ANYTHING WITH THAT ACCOUNT. Your goal is to make 10% in 30 days, while never losing more than 10% of the initial balance. I'm definitely no expert and have only just passed the FTMO challenge after a year of studying and messing around. ) you really don't want to put all that work in only to get caught violating their ToS and rejected. 34 votes, 61 comments. If you are a real profitable trader you shouldn’t have any problem following FTMO rules. All the best for you tho. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. While I don't think the IP thing will be an issue (I imagine they have a lot of people running an EA on a VPS and also manually trading for instance. Around 90% fail the challenge, and those who pass, around 90% lose their account in a short time. If I do not buy a new FTMO challenge, the advantage is that I do not need to forfeit the money that I paid for this current challenge. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. Welcome to r/FTMO_Forex_Trading! If you're here, chances are you're looking for some tips on how to pass the FTMO. 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. The truth is prop firms like FTMO have a balancing act to perform. Essentially, the challenge is free if you succeed. Hello! I already passed ftmo demo trial for 14 days for 3 times already. One thing you should know before taking this challenge is that FTMO requires steady traders. Hope you all have a great rest of the week. I'm taking a break until next week. FTMO is definitely the best firm. When you finally learn how to trade consistently and generate profits, the sky is the limit. 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. 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. 8 days of trading, 259 trades, Profit factore 2. Uhum. Both verifications took me more than 30 calendar days I believe slow and steady is the way to go with 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. 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. This serves as a testament, however, of how badly designed the FTMO challenge is. We are currently recommending and standing by FTMO. 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. 5% profit per day. i’ve been reading posts and comments about FTMO’s challenge of 10% for 30days is ridiculously high. 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! The best prop firm really depends on your specific needs as a trader. The following week I did really bad in my Forex funds challenge as I didn't adhere to the rules. Must say I am now funded after passing FTMO challenge and also helping other traders out. co/gths3T3 A place to discuss forex strategy, ideas, analysis, and concepts. As for the type of news, I'm not too sure, but you can check the link as they provide an economic calendar. So once you withdraw your profit for those 30 days it restart like a challenge. Post any questions you have, there are lots of redditors with LSAT knowledge waiting to help. The best thing I found to do is just to sit out of the market and take a step back if I'm really not feeling the price action. 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 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 Posted by u/broskio777 - 1 vote and 1 comment 126 subscribers in the marketscreen community. I have reported the issue to the support team , I now await the response. Yeah, I was gonna say the same. Please explain it like I’m five. So, for example a common challenge is to do 8% in a month. 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. And looking where price moves to. In such a case, traders have the option of starting again and requesting a new FTMO challenge if they still retain an interest in being FTMO traders. I was 50$ away from starting over. 46 :D Soooo happy The issue here is that you see all the 'success' stories and no failure stories. 09%, the profit factors are 3. The Law School Admission Test (LSAT) is the test required to get into an ABA law school. If you’re trading with Ftmo it’s pointless to check instrument prices on TradingView as they don’t have FTMO listed as a broker. I have not loss one trade. My idea is to use a scalper account that works good on demo but not on real account (slippage is a problem) to pass the verification stages and then apply my strategies later on for reaching 1-2% monthly growth. EUR/USD fu**ed up big time and now I have only 6 days to reach a large profit. I have passed the initial challenge and I am currently trying for the verification phase. 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%. Please dont get me wrong as I have a very limited knowledge about profits etc. 4 percent after 4 days. If you make even a cent over the 10K capital, FTMO gives you a free retake. 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. Can't trade within 2 minutes before and 2 minutes after. Don't panic towards the end of the challenge to meet the profit target by risking more. Only 8% of all challenge takers pass. 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. 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… I'm assuming you had some historical trades/track record you based your risk on going into the challenge. 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. 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. com's Reddit Forex Trading Community! Here you can converse about trading ideas… FTMO gives you a demo account with real life "features" such as spread between BID and ASK. I’m currently testing your theory, I’ve bought an ea and put it on a 50k ftmo challenge. 59 respectively. You get a much bigger drawdown amount relative to the fees paid for the challenge. Do not be tricked by fly-by-night firms offering cheap thrills. 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. 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%. many will suggest 1% or aggressive 2% or conservative 0. Wish me luck. Or take advantage of the challenge extension. 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. Thank you for your replies Almost close to reaching target on 50k FTMO Challenge. Took the same strategy I use for my personal account but lowered the risk per trade to a fair profit and loss point, i let my winners runn and move SL to BE more often than not. 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. Deposit the challenge fee into a brokerage account and trade it away. I am risking 1% per trade of 100k balance, and based on the graph, it shows profitability with drawdowns of 2. S. I am now looking to transition into FULLY living off my profit and helping others. You have to be profitable to be able to make money on their 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. Same thing with taking a prop challenge. Propfirms run promos, so I buy a cheap challenge, and if I like it, then I would get a 100 or Welcome to FXGears. 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. You shouldn't care if you lose a challenge or blow an account. Today i finished my first phase of my 100k Challenge. FTMO is legit, and I assume they have a lot of very successful traders. 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 Just passed my first FTMO challenge by hyper scalping. You will have superior account conditions in the form of our own FTMO account solution with very low commissions and raw spreads. Things I learned from this challenge The FOMO, the fucking FOMO. Spreads are tight, and execution is flawless. com challenge. Party up with friends from all around the world to chat, hang out, explore MILLIONS of player-created rooms, or build something new and amazing to share with us all. Hey guys, currently undergoing Ftmo challenge and up 5%, still holding a trade I can see me holding for a couple more days, If you make money on the Ftmo challenge account and pass the account do they also include the extra % you’ve made over the 10% target? Thanks The founders aim to continue improving the educational aspects of the platform. I appreciate it. So last month i ended up 8% in profit but the duration wasn't enough for me in the FTMO challenge, didn't violate any rules, so they gave another free challenge. If you’re really determined then plan on trying out the challenge X number of times until you get the hang of it. Can you share your experience? Withdrawal process with diff payout 875 subscribers in the ForexCracked community. 38 votes, 55 comments. 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. For example, if you start with $100k, you must NEVER reach $90k or you lose your challenge. And I was wondering which is the best data provider on TradingView, to use for FTMO? Also, I have noticed the price on MT4 from FTMO server is a few minutes delayed, anyone else experienced this problem? Thanks 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). As long as you know the game you are playing getting funded is always the best option. Or am i just over trading and bound to blow lol? Good afternoon Traders! I have successfully passed my $100K FTMO challenge. - To be with other like-minded forex traders. The Reddit LSAT Forum. 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. Hi! This is the first time I do a challenge for a prop firm. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. After passing both phases, you start getting all the profit you make. clients, some other ones are ok, also. I feel I was lucky with the first phase 1 challenge, but the second phase 1 challenge took 23 trading days. Hi, I've coded an EA, and I plan to run these 2 sets of parameters of the same EA. The founders want to keep FTMO headquartered in the Czech Republic. 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. -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. Reddit has made some changes in their billing for API calls that effect ALL of 3rd party developers that have alternate apps. 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. 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. 600 Dollars (27k - 20%). PMI ride 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 did pass my FTMO Challenge in like a day with my first two trades. If you traded your own $1000 for say 2 months like you mentioned (if we assume best case scenario for passing the FTMO challenge plus 1 month of profitable trading), you would end up with $2000 after the first month and $4000 after the second month. Now im 5% profit so I'm asking, will they give another challenge if i don't violate any rules or is it just one re-take and then purchase another one? I really dont understand how people actually think this is a real way to go about this process. Max daily loss and account loss are the 2 biggies. 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. 5% per trade that’s one 1 RR trade per day. Later I took a second challenge and I was in the same position, $320 from finishing the first phase. So you are paying €155 for the possibility of only getting access to at most $1,000. So far they are legit. Questions I trade all major currency pairs, and for the challenge my base position sizes were 5 and 10 lots. Check out the sidebar for intro guides. Either way won't be taking any more ftmo challenges till I max out my accounts with the 5ers who have the best scaling plan on the market. So far so good, but I got there in 8 trading days instead of the minimum of 10 trading days. My mentor tells me this is great for a first challenge since mostly everyone fails there challenge way before the 30 day mark. I have also started new challenges at other prop firms to expand my capital and diversify so not all my fund is at one prop firm as you never know. Take a look into how they managed to score the FTMO Challenge and what methods they used to pass our Evaluation process. Or 2. And if you get lucky and you pass, you won't hold the account for long. If that’s the case then I will continue making trades. I don’t know if I get the profit split of the challenge or not, I guess not but I don’t know. We express our warm welcome to our new FTMO traders. Best of luck with your challenge. Welcome to MarketScreen – Navigating the Financial Markets Together! 📈 MarketScreen is your go-to subreddit for discussing everything related to stocks, trading, and investment strategies. 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. As long as you keep the challenge fee money aside, you can retake it again if you happen to lose it. A lot of traders have been able to make a good living by trading full-time thanks to FTMO. Posted by u/[Deleted Account] - 2 votes and 18 comments The disadvantages are that I have to fork out money for the new challenge (which can be redeemed after I pass it) and I most likely have to forfeit the fee that I paid for the current challenge. Looking through the trades since I triggered the challenge to start. 10% target / 20 days = 0. I love practicing with these challenges. Theoretically you could complete the entire challenge in a couple of days if you are good enough or get extremely lucky. I don't understand why my win rate is 93. I’ve tried FTMO and Trader2B, and can confirm that the culmination of experience day trading will help you be successful in passing these. It's perpetually free retries forever if you don't breach the loss rules and have 5% of the goal made. 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%. It requires patience, time and discipline. I explained my case, and even took the so called loss which did not equal what I was supposed to be losing. co/gypqGK2 https://ibb. I failed my FTMO challenge today. This is based on my trading knowledge. 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. Hey guys. It's hard as I started ftmo challenge and my Forex funds challenge and in 1 week I passed ftmo. Most importantly, have fun! Your trading journey is a marathon, not a sprint. While you, the trader, naturally want the biggest bang for your buck, prop firms simply can't offer massive accounts at rock-bottom prices. Thats why Im asking if you had expierence with this. FTMO. xer xynkb ccni vnlb pyjiupdu yju xzpdq crw aoh engsf