Ftmo success stories reddit FTMO does have some downsides though the biggest being the news restrictions. Check out the sidebar for intro guides. MFF and especially FTMO are golden. 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. if you are good enough to pass these challenges and get a payout you really don't need to use one of these companies. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. e. We have a collection of the most popular trading courses used to pass FTMO, myforexfund MFF, the funded traders and other prop firms. Our success is, of course, based on you, our clients, and potential FTMO traders. As for risk management, a 1:3 risk-reward-ratio with just a 2% risk on solid trades was my golden rule. I’d like to know what you guys think of it. This total includes all FTMO Challenges, Verifications, FTMO Accounts, and Free Trials. While FTMO's expansion plans are promising, some questions remain unanswered. 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. The real question is do YOU have a consistent and profitable method? That is the real question. You can lose 10% on FTMO with 10% target, so you have to double your account. 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. Tip 2 - Create reminder notifications for the upcoming week of all high impact news just in case. Be patient. Relying on the fact that we will achieve 100% success in trading is not a good idea. 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). Check out my shared screenshots with FTMO challenge stats for a closer look at the journey to success. /FTMO Evaluation US s. -ftmo's business model is based on the failed challenge fees. 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. Discover the pros, cons, and real-life experiences of traders who have used FTMO's services. I still think FTMO is a great short term idea. Please review the subreddit rules before posting. 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. Calculate three times and take the trade. Thanks for reading this FTMO review. I felt cheated and disappointed. Im not sure about lets say total account sizes of $395,000. Your first goal for the day is developing good trade ideas, a close second is managing risk. FTMO only lets you trade CFDs, which is illegal in the U. Or maybe you have a success story you’d like to share. Inspired by the success of the Premium Bonds system in the UK. 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). Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. Savings are hard to come by because FTMO doesn't give them out very often. Additionally, you need close any open positions on the pair it'll effect . Hey everyone, I wanted to share some tips and strategies that have helped me in passing the FTMO Challenge. FTMO is a prop firm where you can get a funded account to trade. FTMO is legit, and I assume they have a lot of very successful traders. 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. Deloitte doesn't hand that shit out like candy because their own brand's credibility is on the line when they do. Looking at the top 3 on their monthly leaderboards, this person Kasper was at like 90k by June 3, and $270k June 9. The best place on Reddit for admissions advice. You can't open or close a position on certain pairs 2 minutes before or after a news release comes out that effects those pairs. This could lead to situations where the firm struggles to pay out profits, defeating the whole purpose for traders. In trading, it is even more complicated as markets often seem to be against us. Keep trading sharp! Dont break the bank for forex and stock trading courses. FTMO has a dashboard that lists the times that the news will be released. Let's say I make 1. I have been trading a 40,000€ demo account at FTMO for the last two weeks (see screnshots) to see if I can put what I have learned into practice, i also made some Welcome to FXGears. 3200$ 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. Everyone knows that the road to long-term success is not always easy. Join us for growth and connections! Same here. If you can make 10% on FTMO for 5 months, on your private account you will have: Month 0: 100$ 1: 200$ 2. 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. The main reason is rules and laws. You have to be profitable to be able to make money on their Hello, good day everyone. Anyone that has used it can you tell me how the payouts were and if you had any difficulties with them in any way. 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. 5% with the 5%ers, all due to the spreads. 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. See full list on ftmo. visit… Don't understand this fascination towards FnO when you know that it's a risky and unpredictable game. No, not at all. 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. 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 $395,000. 1600$ 5. 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. - To be with other like-minded forex traders. 400$ 3. 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. So to them, it is a completely risk free business. FTMO Evaluation Global s. "FTMO's relentless focus on customer-centric solutions and product innovation has impressed me for years," says Kamerman. 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. 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. Hey Traders, My name is Adam and I am Head of Growth at The Funded Trader. The true advantage about FTMO is that when you passed the test, you get the refund so it didnt cost you at the end. 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. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. Here are testimonials of our traders. 5% monthly, if I was trading a personal 50K account, I'd be up $9000 EOY. 1% with FTMO and +4. 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. Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. 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. 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. The Reddit Law School Admissions Forum. " 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. 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. 343K subscribers in the Forex community. 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. The research i came up with states that you should have a micro company in France. I think I read somewhere that FTMO paid out 25 million last year to traders. 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. o. Trading. Regulatory licensing for retail brokerage differs from prop trading, and FTMO's progress in this area is unclear. 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. (+ liquidity available for that broker). If they fail, you are still out FTMO's challenge fee. Hello OP, im on my way to becoming funded as well. I'm by no means bragging, I'm simply stating that FTMO is worth it and anything worth doing is hard. Over the year, we have created more than 960,000 trading accounts through our platform for you. Don’t overtrade or over-leverage. 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 I was trading a 2M account, I'd be up $360,000. so let me clear things up: your trades never get placed in a real market. Trader Abdulwahab - "Number 1: Risk management, Number 2: Discipline. MyForexFunds is a prop firm out of Canada with similar challenge parameters as FTMO. Don’t be greedy. Although fortunes can be made very quickly in financial markets, they also can be lost at the same pace. , why would you go with FTMO if you get another provider’s challenge with easier constraints. even if it's just a simulation. A place for those that suffer to gather and share their stories. 5k Best Tips for Passing the FTMO Challenge in 2024. Hone your skills. Welcome to FXGears. Hey since the max allocation is 400k for FTMO. This process can be demanding, but with the right mindset and techniques, you can increase your chances of success. Uncertainties Remain. does not provide any of the investment services listed in the Capital Market Undertakings Act No. We are a non-judgmental place of compassion and light-heartedness. Post any questions you have, there are lots of redditors with admissions knowledge waiting to help. Trader Oluwatobi: “Don’t use signals. […] 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. (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. 😕 Customers from the US are no longer welcome. You are better off by going with 5ers or MFF due to their realistic trading constraints, i. The firm might not have the capital to back up all those big accounts, especially if many (funded) traders see success. Remember, in the market, perfection is elusive. I passed, focusing on my risk management, not profit. 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. r. 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. So, how do prop firms like FTMO ensure long-term sustainability? Welcome to FXGears. Searching for it online is a waste of time. Regarding account management, MyForexFunds put out some interesting statistics about their traders a couple of months ago. 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. If they pass, you pay. 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. 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. -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. S. 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. 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. Frigging hell you're starting a lot of shit over a mis-understanding/language barrier. 800$ 4. That’s why risk management and money management are two of the most critical factors needed for long-term consistency and success. com, a trading forum run by professional traders. 8 - Win rate of 55-60%. 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. Any help is greatly appreciated! In Conclusion. You don't get his logic, because you apply the same rules to a private account. 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. Anyway, I linked the two accounts to my trade copier, and the exact same trades have resulted in +4. I can't find the stats on how many traders have been funded for the year 2020 in FTMO. 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. I have tried the FTMO challenge a few days and got a very bad and unfair experience. **Understand the Rules Thoroughly 📜**. 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. 256/2004 Coll. 5-1. 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. The issue here is that you see all the 'success' stories and no failure stories. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. Reaching a trading success rate of over 90% is not something just anyone can achieve. 20 votes, 56 comments. Trying too hard and studying too hard has diminishing returns and is counterproductive. 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. Real fuking hard. Sorry OP but that's a dumb question. com What would you like to say to other traders that are attempting the FTMO Challenge? Give it your best show. A place to discuss the in and outs of Yotta Savings and this new bank lottery method. Hi! I am researching prop firms and I want to know what broker FTMO uses & what is the slippage for crypto trading. Let's make it a success in the United States as well. FTMO has won international awards from fucking DELOITTE for 3 or 4 years straight. The leverage is only 1:30 instead of the usual 1:100 however it is easily compensated by trippling your lot size. A new prop firm could go bankrupt if their model is not bulletproof. xqavo kjjt rhwh tccvwvm pluzwi oil ibs zrijx vzoaia ufu