Ftmo success stories reddit. 😕 Customers from the US are no longer welcome.
Ftmo success stories reddit 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. Let's say I make 1. That’s why risk management and money management are two of the most critical factors needed for long-term consistency and success. 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. Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. So, how do prop firms like FTMO ensure long-term sustainability? Welcome to FXGears. The Reddit Law School Admissions Forum. Any help is greatly appreciated! In Conclusion. if you are good enough to pass these challenges and get a payout you really don't need to use one of these companies. Anyone that has used it can you tell me how the payouts were and if you had any difficulties with them in any way. The true advantage about FTMO is that when you passed the test, you get the refund so it didnt cost you at the end. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. If they pass, you pay. Hey everyone, I wanted to share some tips and strategies that have helped me in passing the FTMO Challenge. 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. 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. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. Your first goal for the day is developing good trade ideas, a close second is managing risk. com, a trading forum run by professional traders. […] 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. We are a non-judgmental place of compassion and light-heartedness. The research i came up with states that you should have a micro company in France. 8 - Win rate of 55-60%. A place to discuss the in and outs of Yotta Savings and this new bank lottery method. Or maybe you have a success story you’d like to share. 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. No, not at all. 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. even if it's just a simulation. r. 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 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. Regulatory licensing for retail brokerage differs from prop trading, and FTMO's progress in this area is unclear. MyForexFunds is a prop firm out of Canada with similar challenge parameters as FTMO. Regarding account management, MyForexFunds put out some interesting statistics about their traders a couple of months ago. 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. 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. Deloitte doesn't hand that shit out like candy because their own brand's credibility is on the line when they do. visit… Don't understand this fascination towards FnO when you know that it's a risky and unpredictable game. o. The leverage is only 1:30 instead of the usual 1:100 however it is easily compensated by trippling your lot size. The firm might not have the capital to back up all those big accounts, especially if many (funded) traders see success. 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. 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. So to them, it is a completely risk free business. , why would you go with FTMO if you get another provider’s challenge with easier constraints. Tip 2 - Create reminder notifications for the upcoming week of all high impact news just in case. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. 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. 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. 343K subscribers in the Forex community. If you can make 10% on FTMO for 5 months, on your private account you will have: Month 0: 100$ 1: 200$ 2. 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. 20 votes, 56 comments. e. I’d like to know what you guys think of it. Discover the pros, cons, and real-life experiences of traders who have used FTMO's services. 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. Join us for growth and connections! Same here. I can't find the stats on how many traders have been funded for the year 2020 in FTMO. "FTMO's relentless focus on customer-centric solutions and product innovation has impressed me for years," says Kamerman. 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. 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. 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. - To be with other like-minded forex traders. Relying on the fact that we will achieve 100% success in trading is not a good idea. Post any questions you have, there are lots of redditors with admissions knowledge waiting to help. Real fuking hard. so let me clear things up: your trades never get placed in a real market. Additionally, you need close any open positions on the pair it'll effect . Don’t overtrade or over-leverage. Sorry OP but that's a dumb question. 5% with the 5%ers, all due to the spreads. 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. 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. 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. 256/2004 Coll. Frigging hell you're starting a lot of shit over a mis-understanding/language barrier. Here are testimonials of our traders. 1% with FTMO and +4. Reaching a trading success rate of over 90% is not something just anyone can achieve. Hi! I am researching prop firms and I want to know what broker FTMO uses & what is the slippage for crypto trading. You don't get his logic, because you apply the same rules to a private account. 400$ 3. Over the year, we have created more than 960,000 trading accounts through our platform for you. 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. 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. 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 have to be profitable to be able to make money on their Hello, good day everyone. Im not sure about lets say total account sizes of $395,000. Tip 1 - On your phone or computer you should add another clock time to match FTMO's local time. 😕 Customers from the US are no longer welcome. FTMO only lets you trade CFDs, which is illegal in the U. (+ liquidity available for that broker). S. As for risk management, a 1:3 risk-reward-ratio with just a 2% risk on solid trades was my golden rule. Hi guys happy weekend 👋 I want to tell you my story with Ftmo challenge In the first week i was losing so much , I was opening losing positions one after another at day 8 my max loss hit 10000$, my determination was shattered, and I wasn’t in a good state mentally. (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. If they fail, you are still out FTMO's challenge fee. 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. " What do you think is the key to long-term success in trading? We paid out more than $190,000,000 to FTMO Traders and sent these payouts to more than 180 states. Crowdfunding is the new norm to download the most popular courses on social media for a… Thanks for everyones help in finding a good prop firm. Thanks for reading this FTMO review. MFF and especially FTMO are golden. 800$ 4. Calculate three times and take the trade. FTMO is a prop firm where you can get a funded account to trade. does not provide any of the investment services listed in the Capital Market Undertakings Act No. Keep trading sharp! Dont break the bank for forex and stock trading courses. I still think FTMO is a great short term idea. Anyway, I linked the two accounts to my trade copier, and the exact same trades have resulted in +4. 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. The real question is do YOU have a consistent and profitable method? That is the real question. FTMO does have some downsides though the biggest being the news restrictions. Hey since the max allocation is 400k for FTMO. Although fortunes can be made very quickly in financial markets, they also can be lost at the same pace. Let's make it a success in the United States as well. While FTMO's expansion plans are promising, some questions remain unanswered. If I was trading a 2M account, I'd be up $360,000. I felt cheated and disappointed. 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. 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. Hey Traders, My name is Adam and I am Head of Growth at The Funded Trader. **Understand the Rules Thoroughly 📜**. Check out the sidebar for intro guides. 5k Best Tips for Passing the FTMO Challenge in 2024. FTMO Evaluation Global s. Check out my shared screenshots with FTMO challenge stats for a closer look at the journey to success. This could lead to situations where the firm struggles to pay out profits, defeating the whole purpose for traders. I have tried the FTMO challenge a few days and got a very bad and unfair experience. 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. Trader Abdulwahab - "Number 1: Risk management, Number 2: Discipline. A place for those that suffer to gather and share their stories. Looking at the top 3 on their monthly leaderboards, this person Kasper was at like 90k by June 3, and $270k June 9. Savings are hard to come by because FTMO doesn't give them out very often. 5% monthly, if I was trading a personal 50K account, I'd be up $9000 EOY. Welcome to r/After_JEE: College Counseling & Post-JEE Struggles! We support students with advice on college counseling, overcoming post-JEE challenges, sharing success stories, providing useful resources, offering career guidance, and building a supportive community. The issue here is that you see all the 'success' stories and no failure stories. 3200$ 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. Hone your skills. Uncertainties Remain. 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. Searching for it online is a waste of time. FTMO has won international awards from fucking DELOITTE for 3 or 4 years straight. Hello OP, im on my way to becoming funded as well. FTMO has a dashboard that lists the times that the news will be released. -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. Our success is, of course, based on you, our clients, and potential FTMO traders. Remember, in the market, perfection is elusive. 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. You can lose 10% on FTMO with 10% target, so you have to double your account. See full list on ftmo. 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). 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. 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. 5-1. com What would you like to say to other traders that are attempting the FTMO Challenge? Give it your best show. A new prop firm could go bankrupt if their model is not bulletproof. 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. -ftmo's business model is based on the failed challenge fees. Be patient. /FTMO Evaluation US s. Inspired by the success of the Premium Bonds system in the UK. You are better off by going with 5ers or MFF due to their realistic trading constraints, i. I'm by no means bragging, I'm simply stating that FTMO is worth it and anything worth doing is hard. The main reason is rules and laws. This total includes all FTMO Challenges, Verifications, FTMO Accounts, and Free Trials. Don’t be greedy. Trading. 1600$ 5. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. 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). We have a collection of the most popular trading courses used to pass FTMO, myforexfund MFF, the funded traders and other prop firms. Please review the subreddit rules before posting. I passed, focusing on my risk management, not profit. This process can be demanding, but with the right mindset and techniques, you can increase your chances of success. 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. Everyone knows that the road to long-term success is not always easy. FTMO is legit, and I assume they have a lot of very successful traders. Ftmo looks to be the best fit for me. Welcome to FXGears. Trying too hard and studying too hard has diminishing returns and is counterproductive. Trader Oluwatobi: “Don’t use signals. nnmylgxb mxakv pxqe rfdt onilqw pksqf wobps tko riqcd nrhr