Best ftmo challenge reddit
Best ftmo challenge reddit. 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. So from my assumption it’s basically like the verification and FTMO challenge without a target. I got upset that I closed the trade too early because I would have passed my ftmo challenge in that trade. Check out my shared screenshots with FTMO challenge stats for a closer look at the journey to success. I explained my case, and even took the so called loss which did not equal what I was supposed to be losing. 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. You need to buy the challenge and then pass both phases. My opinion would be go for it, but be disciplined and use it to fund your personal account to a good size account (10k, 25k, 100k, whatever you're comfortable with). I 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, I've coded an EA, and I plan to run these 2 sets of parameters of the same EA. FTMO. 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. 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 I think so, but not all of them, people say why wouldn't they do it themselves, lest they forget max amount you can have is 400k on ftmo for example, so if he can consistently make profit on his/her own, they can do it on other accounts, and if they manage it after the challenge, take a % of what they make on the account, if they lose the challenge, they may only refund the service fee or I failed my FTMO challenge today. I'm definitely no expert and have only just passed the FTMO challenge after a year of studying and messing around. They kept saying I had to wait till the 10 days are over and then i could reach the 10%. I don't think you're going to deny that an 85% winrate with a 10:1 average RRR for a profit factor of 61 is unsustainable. -Share FUNNY Trading Posted by u/gauras - 5 votes and 13 comments 34 votes, 61 comments. Today i finished my first phase of my 100k Challenge. Tools & Services that were unlocked for you when you purchased the FTMO Challenge will remain unlocked. 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. Same with the 5% on the 2nd challenge. On FTMO's YouTube channel, I was watching one of the videos about the process and they said in the video that you don't need to contact them because they already know your account is ready for the next step. Theoretically you could complete the entire challenge in a couple of days if you are good enough or get extremely lucky. 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. 8 - Win rate of 55-60%. 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: We are currently recommending and standing by FTMO. Same thing happened with my first ftmo challenge, I was £700 in profit. true. This includes unrealized losses. 13 votes, 19 comments. But I'm happy with the ease of passing this challenge. The Verification step is the second and final step of our Evaluation Process. 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 over traded and just went in complete denial over the fact that I had just lost a substantial amount. 7 and 2. 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. com's Reddit Forex Trading Community! Here you can converse… 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. Become our next FTMO Trader and work with an initial balance of up to $200,000: https://ftmo. com challenge. I am risking 1% per trade of 100k balance, and based on the graph, it shows profitability with drawdowns of 2. The best prop firm besides FTMO AID The Funded Trader In my option. And looking where price moves to. For example, if you risk 0. 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. If you can pass the ftmo challenge, that means you can double your capital in a month without the restrictions of ftmo. 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 . 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. Mind you the max that I have lost is 1% per trade. 46 :D Soooo happy 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 just waited until it came. I did not contact support. So it's been a while that I know FTMO, signed up with them at the end of 2019 not long after it launched, but failed the tests (2 100k acc tests), I then switched to trading cryptos (on personal accounts) and been quite profitable with that, and more importantly learned to trade better! The majority of challenge takers are not aware of this and are risking only 1% to 2%. 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 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. This serves as a testament, however, of how badly designed the FTMO challenge is. Quadrio offices Purkynova 2121/3, 110 00, Prague Czech Republic [email protected] +44 20 3322 2983 That was a low moment for me. 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. - To be with other like-minded forex traders. So you get a new 50k account every time. Remember, in the market, perfection is elusive. I can't find the stats on how many traders have been funded for the year 2020 in FTMO. After passing both phases, you start getting all the profit you make. 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. -ftmo's business model is based on the failed challenge fees. 😀 The answer is revenge trading. Stop taking ftmo challenge. 1%-3% max but I think 0. As for risk management, a 1:3 risk-reward-ratio with just a 2% risk on solid trades was my golden rule. I felt cheated and disappointed. so let me clear things up: your trades never get placed in a real market. 600 Dollars (27k - 20%). Forcing yourself to trade everyday does not work well (for me especially). Remember you don't always have to be trading, PAYtience is the most important in this business. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the I have tried the FTMO challenge a few days and got a very bad and unfair experience. Just depending on the volitility those moments really. You will now lose the challenge if your account balance goes anywhere under 21. I love practicing with these challenges. 331K subscribers in the Forex community. Step 1 – FTMO Challenge. I feel the challenge is more of a puzzle. 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 Countless YouTube videos, Udemy courses, Google searches. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. 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! So once you withdraw your profit for those 30 days it restart like a challenge. You'll keep failing. So I decided to try an ftmo 10k challenge. 2020 Jun 12. Deposit the challenge fee into a brokerage account and trade it away. The purpose is to test your trading consistency. which is more than enough to pay out the traders that do make money (90%+ loose) No. You will have superior account conditions in the form of our own FTMO account solution with very low commissions and raw spreads. 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. Currently I'm doing the FTMO challenge and I got to the profit target. You don’t get any of the profits from the challenge. 1K Likes. Welcome to FXGears. Very happy with myself and my progress, especially that I started trading less than a year ago. 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 seems like you guys have not understood how ftmo works. Because every account you withdrawal from it’s going to say passing. Thats why Im asking if you had expierence with this. 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 come along way! I find it amazingly peculiar that so many ppl pass this ftmo challenge but so few ppl yield similar success in the markets. Do not be tricked by fly-by-night firms offering cheap thrills. Good afternoon Traders! I have successfully passed my $100K FTMO challenge. 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… 22 votes, 24 comments. e impulse, corrective, impulsive etc. com Interview with our FTMO Trader Nikita: • This trader How has passing the FTMO Challenge and Verification changed your life? I'm now able to trade 40k euros, so the undercapitalization problem is immediately solved, knowing that I can potentially earn my country's average monthly wage with a single trade. 242 votes, 229 comments. After the 30 days I was not able to get my account to break even. Hello, good day everyone. In order to become an FTMO Trader, you will have to pass our 2-step Evaluation Process. 4. com is a platform that provides traders with the opportunity to trade with real money and potentially join their trading team. ForexCracked Official subreddit; Share and Discuss Forex EA, Indicators, Lessons, strategies, Video… Seeing a lot of videos lately of people passing FTMO challenges on Youtube. Keep trading sharp! 875 subscribers in the ForexCracked community. And did my due diligence asking them (the ftmo team) multiple times if i was allowed to hit the 10% target before the 10 day minimum. I 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. It was my first challenge and I couldn’t believe it was actually happening. Day 29 I was down 4%. And if you get lucky and you pass, you won't hold the account for long. We would like to show you a description here but the site won’t allow us. This FTMO review guides you through the FTMO Challenge, including the signup process, member dashboard, trading platforms, challenge rules, free trial and fees. 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 Welcome to r/FTMO_Forex_Trading! If you're here, chances are you're looking for some tips on how to pass the FTMO. 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… Coins 0 coins FTMO Challenge Free Trial . If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. Most people tend to still take the initial capital before entering the trades (let's say 25. I have been trading since 2020… FTMO 10K challenge Prop Firms Hey guys and girls , I was just wondering if FTMO is worth trading with on long term perspective and what’s would be realistic and suitable account for beginners. As long as you keep the challenge fee money aside, you can retake it again if you happen to lose it. 00 lot trade and that started the losing streak. My question is if any of you guys who have passed the first… I did the challenge myself. Posted by u/broskio777 - 1 vote and 1 comment 11 votes, 36 comments. The 2 major drawdown periods are plain and simply my fault. FTMO and other prop firms earn their money on people failing challenges. The Verification has easier Trading Objectives than the FTMO Challenge, as the Profit Target is reduced by half to 5%. Posted by u/Fantastic-Drama9484 - 6 votes and 16 comments I have just started the demo challenge as well, and I am using TradingView to do the analysis. Currently undergoing the FTMO 10k Challenge phase 1 and safe to say I'm still in it. Step 1: The FTMO Challenge A 30 calendar day demo account where you will have to trade according to our rules. This is my 3rd time with FTMO. Only 8% of all challenge takers pass. 32% and 4. 09%, the profit factors are 3. 5-1. 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. 59 respectively. First things first, let's start with the basics. Our FTMO Challenge is the first step of our Evaluation Process. So far so good, but I got there in 8 trading days instead of the minimum of 10 trading days. 5% per trade with a 1:2 risk-reward ratio, you will hit 10% in 10 trading days. 8 days of trading, 259 trades, Profit factore 2. If you’re really determined then plan on trying out the challenge X number of times until you get the hang of it. I took a 2. You shouldn't care if you lose a challenge or blow an account. They have a long history in the industry, proven consistent payouts, and upstanding customer service. After a while it seemed better to simplify everything and just look at plain simple price action, I. Action Movies & Series; Animated Movies & Series; Comedy Movies & Series; Crime, Mystery, & Thriller Movies & Series; Documentary Movies & Series; Drama Movies & Series As I'm wrapping up with my FTMO challenge, one thing I would like to know but cannot find any information on is once you become an FTMO trader, what happens at your monthly profit split if your account is in a slight loss but you haven't breached any of the drawdown rules during that month? Say you end the month at $199,000 on a $200k account. I’ve tried FTMO and Trader2B, and can confirm that the culmination of experience day trading will help you be successful in passing these. Thank you for your replies Bad months happen. Hey guys. 000) as their calculation-basis and call funding firms a scam because their account balance never went under 20k (25k If you reach your 10% you have reached your goal and move to the next challenge. I can demo trade just fine, I passed 3 ftmo trials one after the other. Later I took a second challenge and I was in the same position, $320 from finishing the first phase. Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. I cut my lot size in half to finish. You have mentioned you're profitable on your own and with a large sample size, so congratulations. 216,075 Views. 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. . yemn soqwvp clchawv jzhq kkrkq sfsf mbzksx idkwi yaj alkv