Ftmo success stories reddit Here are testimonials of our traders. MyForexFunds is a prop firm out of Canada with similar challenge parameters as FTMO. Hey since the max allocation is 400k for FTMO. Be patient. So, how do prop firms like FTMO ensure long-term sustainability? Welcome to FXGears. You are better off by going with 5ers or MFF due to their realistic trading constraints, i. 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. The main reason is rules and laws. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local laws or regulations. MFF and especially FTMO are golden. 400$ 3. 5% with the 5%ers, all due to the spreads. 800$ 4. r. -Share FUNNY Trading In a weird way, when I treat my FTMO accounts and personal account (connected with social trader tools) like demo accounts, I stop caring so much that it messes me up. Everyone knows that the road to long-term success is not always easy. Do my statements make sense? If yes, why would anyone not go for a swing account? Posted by u/[Deleted Account] - 22 votes and 17 comments 42 votes, 37 comments. If they pass, you pay. The leverage is only 1:30 instead of the usual 1:100 however it is easily compensated by trippling your lot size. Regulatory licensing for retail brokerage differs from prop trading, and FTMO's progress in this area is unclear. Apologies if this might be a stupid question, but I don't understand that? So you passed the 50k challenge on FTMO, then made the 7k (or however much it is before FTMO takes 10/20% of it), then made the withdrawal. 8 - Win rate of 55-60%. I passed, focusing on my risk management, not profit. the split is about 80/20 i think? but you have a pass a test to show you can trade well enough to grow an account without losing more than a percentage of the account. Join us for growth and connections! Same here. Uncertainties Remain. Trader Abdulwahab - "Number 1: Risk management, Number 2: Discipline. FTMO is a prop firm where you can get a funded account to trade. So to them, it is a completely risk free business. e. The firm might not have the capital to back up all those big accounts, especially if many (funded) traders see success. Discover the pros, cons, and real-life experiences of traders who have used FTMO's services. 😕 Customers from the US are no longer welcome. Hey Traders, My name is Adam and I am Head of Growth at The Funded Trader. Our success is, of course, based on you, our clients, and potential FTMO traders. We are a non-judgmental place of compassion and light-heartedness. We have a collection of the most popular trading courses used to pass FTMO, myforexfund MFF, the funded traders and other prop firms. 5k Best Tips for Passing the FTMO Challenge in 2024. Trader Oluwatobi: “Don’t use signals. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. Hone your skills. I have tried the FTMO challenge a few days and got a very bad and unfair experience. 5% monthly, if I was trading a personal 50K account, I'd be up $9000 EOY. 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 are good enough to pass these challenges and get a payout you really don't need to use one of these companies. A place to discuss the in and outs of Yotta Savings and this new bank lottery method. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. […] 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. FTMO has a dashboard that lists the times that the news will be released. o. Over the year, we have created more than 960,000 trading accounts through our platform for you. FTMO has won international awards from fucking DELOITTE for 3 or 4 years straight. We are a proprietary trading firm with a mission to offer world-class trading technology, exceptional 24/7 support, customer-centric challenges, and become the destination for top talent traders. Welcome to FXGears. Tip 2 - Create reminder notifications for the upcoming week of all high impact news just in case. The problem is it adds up tons of taxes on your final gains (30% tax, 20% Urssaf as "Prestation de services, and your usual FTMO commission). I'm by no means bragging, I'm simply stating that FTMO is worth it and anything worth doing is hard. Remember, in the market, perfection is elusive. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. Technically can i have 2×10k accounts 1×25k accounts 1×50k accounts 1×100k accounts 1×200k accounts Which amounts to a total of $395,000. Im not sure about lets say total account sizes of $395,000. That’s why risk management and money management are two of the most critical factors needed for long-term consistency and success. Searching for it online is a waste of time. Calculate three times and take the trade. The true advantage about FTMO is that when you passed the test, you get the refund so it didnt cost you at the end. A Reddit Community run by MM community members for those that want to use, learn and understand more about how to heal chronic illnesses with Medical Medium information. Real fuking hard. The research i came up with states that you should have a micro company in France. Reply reply The difference between FTMO Account and FTMO Account Swing is that, in the second one, you can trade through news and hold trades over weekends. The best place on Reddit for admissions advice. 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. Although fortunes can be made very quickly in financial markets, they also can be lost at the same pace. FTMO is legit, and I assume they have a lot of very successful traders. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. Frigging hell you're starting a lot of shit over a mis-understanding/language barrier. I can't find the stats on how many traders have been funded for the year 2020 in FTMO. Also live account cant buy you a peace of mind since anybody would rather lose their funded account than blow their live account worth of $3. Hi guys happy weekend 👋 I want to tell you my story with Ftmo challenge In the first week i was losing so much , I was opening losing positions one after another at day 8 my max loss hit 10000$, my determination was shattered, and I wasn’t in a good state mentally. Hello OP, im on my way to becoming funded as well. Deloitte doesn't hand that shit out like candy because their own brand's credibility is on the line when they do. 3200$ At the very minimum, track win rate and profit loss stats over a period of time that would validate or invalidate your current strategy, separate strategies need different stats. While FTMO's expansion plans are promising, some questions remain unanswered. - To be with other like-minded forex traders. A place for those that suffer to gather and share their stories. If you can make 10% on FTMO for 5 months, on your private account you will have: Month 0: 100$ 1: 200$ 2. Anyone that has used it can you tell me how the payouts were and if you had any difficulties with them in any way. Thanks for reading this FTMO review. 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 only lets you trade CFDs, which is illegal in the U. A quick reminder Doctor takes 7 years of school + training + license Pilot takes 3 years of school + training time + license Trading is Job you need to invest a lot of time into just as in any other Job. Seven people I know passed their ftmo last week and their trading days are under 10 so they have to place minimal trades just to hit thay objective now. You can lose 10% on FTMO with 10% target, so you have to double your account. 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 Welcome to FXGears. 20 votes, 56 comments. does not provide any of the investment services listed in the Capital Market Undertakings Act No. The issue here is that you see all the 'success' stories and no failure stories. Check out the sidebar for intro guides. Passed FTMO 10k account challenge with strict risk management and 20 trading days Prop Firms I failed my first 5ers challenge with poor risk management because my strategy works for my personal accounts. visit… Don't understand this fascination towards FnO when you know that it's a risky and unpredictable game. Anyone doing ftmo you would hope would use technical and fundamental analysis too and the more of these they use the more success they will have so that will put them above 50% success rate. Or maybe you have a success story you’d like to share. S. Posted by u/tbigballer - 18 votes and 49 comments FTMO isn't all sunshine and rainbows, but they have the risk rules in place to protect you (and to protect their money). (1% of risk per trade with 66% win rate) FTMO rules are far laxed compared to the firm I work for now but l manage a far bigger book and obtain bonuses and payouts. You have to be profitable to be able to make money on their Hello, good day everyone. com's Reddit Forex Trading Community! Here you can converse about… When analyzing my trading style FTMO seemed like it was the best fit for me hence why I trade with them now. 256/2004 Coll. once you pass they give you the acct, and from then you grow the account and get paid from it I think you are taking a lower probability of success by choosing FTMO. This total includes all FTMO Challenges, Verifications, FTMO Accounts, and Free Trials. And then you got were given another new account by FTMO? Why would you be given a new account from FTMO for just making a withdrawal? 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. FTMO Evaluation Global s. Any help is greatly appreciated! In Conclusion. All information provided on this site is intended solely for educational purposes related to trading on financial markets and does not serve in any way as a specific investment recommendation, business recommendation, investment opportunity analysis or similar general recommendation regarding the trading of investment instruments. This process can be demanding, but with the right mindset and techniques, you can increase your chances of success. Please review the subreddit rules before posting. Check out my shared screenshots with FTMO challenge stats for a closer look at the journey to success. "FTMO's relentless focus on customer-centric solutions and product innovation has impressed me for years," says Kamerman. 5-1. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. " What do you think is the key to long-term success in trading? We paid out more than $190,000,000 to FTMO Traders and sent these payouts to more than 180 states. Hi! I am researching prop firms and I want to know what broker FTMO uses & what is the slippage for crypto trading. You are trying to find a (rare) success story just to keep your gambling addiction on, hoping that possibly you are the one who is going to prove everyone wrong and make it in this line. Relying on the fact that we will achieve 100% success in trading is not a good idea. And there are props that deal live money accounts on A-book brokers, with no equity-based drawdow, and no maximum time Edit pdf's and place your name, you won't last much on ftmo anyways, so at least get your fee back and some money on the payout and give up on prop firm trading before going bankrupt Reply reply seems like you guys have not understood how ftmo works. (+ liquidity available for that broker). -ftmo's business model is based on the failed challenge fees. I still think FTMO is a great short term idea. FTMO does have some downsides though the biggest being the news restrictions. Your first goal for the day is developing good trade ideas, a close second is managing risk. /FTMO Evaluation US s. Hey everyone, I wanted to share some tips and strategies that have helped me in passing the FTMO Challenge. A new prop firm could go bankrupt if their model is not bulletproof. For every success story there are at least 10 failures, because of that focusing on consistency and a long-lasting trading career would be much more beneficial for traders rather than hoping for one gamble to change their lives. Regarding account management, MyForexFunds put out some interesting statistics about their traders a couple of months ago. Sorry OP but that's a dumb question. You can't open or close a position on certain pairs 2 minutes before or after a news release comes out that effects those pairs. If they fail, you are still out FTMO's challenge fee. You don't get his logic, because you apply the same rules to a private account. com, a trading forum run by professional traders. In trading, it is even more complicated as markets often seem to be against us. I think I read somewhere that FTMO paid out 25 million last year to traders. 343K subscribers in the Forex community. I think a lot of people don't realize that many of the traders that pass the challenge fail to make their first withdrawal because they fall off after getting funded. See full list on ftmo. The Reddit Law School Admissions Forum. com What would you like to say to other traders that are attempting the FTMO Challenge? Give it your best show. Crowdfunding is the new norm to download the most popular courses on social media for a… Thanks for everyones help in finding a good prop firm. Welcome to r/After_JEE: College Counseling & Post-JEE Struggles! We support students with advice on college counseling, overcoming post-JEE challenges, sharing success stories, providing useful resources, offering career guidance, and building a supportive community. Don’t be greedy. This could lead to situations where the firm struggles to pay out profits, defeating the whole purpose for traders. 1600$ 5. Reaching a trading success rate of over 90% is not something just anyone can achieve. Post any questions you have, there are lots of redditors with admissions knowledge waiting to help. Additionally, you need close any open positions on the pair it'll effect . 1% with FTMO and +4. 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. , why would you go with FTMO if you get another provider’s challenge with easier constraints. FTMO gives a short time to make 10% profit, which means that traders are forced to trade aggressively and implicitly increase the risk of losing and by this they have their future insured for FTMO because they live off the money of those who lose their fees when they buy a challenge. I felt cheated and disappointed. even if it's just a simulation. Let's make it a success in the United States as well. The real question is do YOU have a consistent and profitable method? That is the real question. Tip 1 - On your phone or computer you should add another clock time to match FTMO's local time. Ftmo looks to be the best fit for me. Looking at the top 3 on their monthly leaderboards, this person Kasper was at like 90k by June 3, and $270k June 9. Anyway, I linked the two accounts to my trade copier, and the exact same trades have resulted in +4. so let me clear things up: your trades never get placed in a real market. Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. No, not at all. Don’t overtrade or over-leverage. If I was trading a 2M account, I'd be up $360,000. I’d like to know what you guys think of it. Inspired by the success of the Premium Bonds system in the UK. Aug 12, 2023 · In this comprehensive FTMO review, we explore how FTMO provides funded trading accounts, evaluate traders' performance, offer support and education, and showcase success stories. Let's say I make 1. which is more than enough to pay out the traders that do make money (90%+ loose) Seeing a lot of videos lately of people passing FTMO challenges on Youtube. Keep trading sharp! Dont break the bank for forex and stock trading courses. Trading. As for risk management, a 1:3 risk-reward-ratio with just a 2% risk on solid trades was my golden rule. Savings are hard to come by because FTMO doesn't give them out very often. Thank you for the feedback I will definitely have a look at his YouTube channel and I do already know some of the basics on supply and demand , I have been watching another channel called Dave teaches and although his videos are long his strategy he uses look so simple and he trades with supply and demand as well as mitigation and imbalance on the 1m and 15m and from what I have seen from his When MFF imploded , I wanted to buy a 200k FTMO account, but I decided to get 2x100k, one each with FTMO and 5%ers to spread the risk out of another implosion. In the next part of the series about successful FTMO Traders, we will have a look at a trader who managed to do what every forex trader hopes for. Trying too hard and studying too hard has diminishing returns and is counterproductive. Since FTMO is now gone and that’s what I was planning to use, which other prop firm(USA) is legit? I know how they work and I… Don't give them your fucking life story on how you trade SMC either. **Understand the Rules Thoroughly 📜**. eok ogalbxcq khbn hbchd kgcwc feuow bvfzhj daottr vleybs ikaucne