Free ftmo challenge reddit. Today i finished my first phase of my 100k Challenge.

Free ftmo challenge reddit So you are paying €155 for the possibility of only getting access to at most $1,000. When you finally learn how to trade consistently and generate profits, the sky is the limit. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. 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. 5% profit per week, 5 RR per week. If you make even a cent over the 10K capital, FTMO gives you a free retake. Risking 0. They have a long history in the industry, proven consistent payouts, and upstanding customer service. Later I took a second challenge and I was in the same position, $320 from finishing the first phase. Here, you will have 30 days to trade. You have to be profitable to be able to make money on their 22 votes, 24 comments. Same thing with taking a prop challenge. Today i finished my first phase of my 100k Challenge. You need to buy the challenge and then pass both phases. Just a curiousity of mine. I love practicing with these challenges. Why? It’s because that will give you a better idea on the FTMO challenge. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. 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. You need more time to absorb the information and learn from the mistakes your going to make. 200K on FTMO? At that point 1% is 2000, and 10% is 20000. https://ibb. 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 I did the challenge myself. 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 hard as I started ftmo challenge and my Forex funds challenge and in 1 week I passed ftmo. Free Challenge: Earn a free FTMO challenge at the same size as your current account. There's an interview with FTMO CEO where he mentions 94%trader fail the challenge. My question is if any of you guys who have passed the first… Remember, in the market, perfection is elusive. Hey guys. Trading the FTMO challenge, the Verification, and the FTMO account can be done on some of the most popular retail platforms like cTrader, MetaTrader 4, or MetaTrader 5. Hey guys, I am currently doing an FTMO Challenge. See how your trading has evolved by next year. Another tip I would like to add is that you should take the free trial twice. 5-1. I did pass my FTMO Challenge in like a day with my first two trades. Join us for game discussions, tips and tricks, and all things OSRS! OSRS is the official legacy version of RuneScape, the largest free-to-play MMORPG. You'll keep failing. It was my first challenge and I couldn’t believe it was actually happening. If you are extremely disciplined go for it. You will now lose the challenge if your account balance goes anywhere under 21. 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. 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? Countless YouTube videos, Udemy courses, Google searches. I passed the free trial and I’m currently on my retake for the 50k challenge 🤷🏾‍♂️ No. com's Reddit Forex Trading Community! Here you can converse… You have mentioned you're profitable on your own and with a large sample size, so congratulations. 000) as their calculation-basis and call funding firms a scam because their account balance never went under 20k (25k Dont buy another challenge account until you are profitable I did that twice before I passed and while I learnt from it, I couldve saved 1400$. I don’t know if I get the profit split of the challenge or not, I guess not but I don’t know. If that’s the case then I will continue making trades. Good stuff bro 💪I have started 25k challenge but I’m 2 weeks in -3% I do not think I will pass if there is any one out there who is willing to help I have open ears I have been trading a breakout strategy but I started during nfp week and the news killed me followed by the cpi in which my sl was not respected and I lost double (normally 1% but lost 2) 🥲 Almost close to reaching target on 50k FTMO Challenge. You have 60 days (double the time) to make 5%. A lot of traders have been able to make a good living by trading full-time thanks to FTMO. Find something that works atleast 50% win rate and do not ever break rules. 600 Dollars (27k - 20%). Do not be tricked by fly-by-night firms offering cheap thrills. On the paper, gaining 10% and 5% in 2 months in a row is tough job. Once you can pass their challenge several times this may give be an indication that you may be ready. Around 90% fail the challenge, and those who pass, around 90% lose their account in a short time. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. 1%-3% max but I think 0. 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. The community for Old School RuneScape discussion on Reddit. 242 votes, 229 comments. But if I continue trading my current FTMO challenge, it does not look like I will reach the 10% target in this month either (the current challenge looks like it is heading to a free repeat again this month). 😀 The answer is revenge trading. If you can pass the ftmo challenge, that means you can double your capital in a month without the restrictions of ftmo. I would say go for it but you won't make life changing money because of how strict their rules are. 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. I feel the challenge is more of a puzzle. 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. Or take advantage of the challenge extension. true. What I did with the challenge is just trade normally, make a a nice buffer and if the deadline approaches and I'm not close to the target I would either increase risk or go all-in on one trade. Buying another 200k challenge to max out my 400k allocation. I'm taking a break until next week. Marley's aren't going anywhere That was a low moment for me. 36 votes, 52 comments. The advantage of buying a new FTMO challenge is that I can take advantage of the new no time limit rule. Nop, I never tried/paid the fees for the challenge after passing the free trial. Or 2. Deposit the challenge fee into a brokerage account and trade it away. The real question is do YOU have a consistent and profitable method? That is the real question. - Each challenge was done separately, months between one and another. After passing both phases, you start getting all the profit you make. Reason is my backtest showing some spikes above the limit few times per year just 1 or 2% above the limit but enough to bust the account with the prop firm Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. Most importantly, have fun! Your trading journey is a marathon, not a sprint. Traders are free to select the platforms that suit them. e impulse, corrective, impulsive etc. 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. Give yourself a realistic goal. That's how they make their money, and it's one of the best business models out there. Is anyone having a lag on mt4 while trading on ftmo servers? I have noticed few times where server just wont respond to log in or anything, when… So to them, it is a completely risk free business. Wish me luck. First things first, let's start with the basics. 331K subscribers in the Forex community. The majority of challenge takers are not aware of this and are risking only 1% to 2%. Account specifications. " If you lose 3 trades which is 300 dollars in a row the strategy isn't working. Thing is, if you can't trade successfully a 1k account, don't even try a prop firm. I’m very curious about this phenomeno, never took an ftmo challenge, would like to hear your thoughts and experiences. 5% profit per day. I have come along way! Please share your experience with trading or even FTMO :) 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. co/gypqGK2 https://ibb. As for risk management, a 1:3 risk-reward-ratio with just a 2% risk on solid trades was my golden rule. I’m not saying its not hard. So, for example a common challenge is to do 8% in a month. Both verifications took me more than 30 calendar days I believe slow and steady is the way to go with ftmo. Welcome to r/FTMO_Forex_Trading! If you're here, chances are you're looking for some tips on how to pass the FTMO. 5% per trade that’s one 1 RR trade per day. All the best for you tho. I would recommend improving your risk management before buying a challenge. This includes unrealized losses. MyForexFunds is a prop firm out of Canada with similar challenge parameters as FTMO. Only 8% of all challenge takers pass. After having the funded account you don’t have any monthly profit target. Worst case scenario I get a free new challenge. We offer a Free Trial account, which is an abridged version of an FTMO 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. No rush. And looking where price moves to. 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 Sorry OP but that's a dumb question. Regarding account management, MyForexFunds put out some interesting statistics about their traders a couple of months ago. Everyone goes through revenge trading at some point, I counter it by placing 1 trade per day at an absolute maximum (scaling into winning positions not included), win or lose, I place the trade and wait for the outcome, after that I go off and do whatever else for the rest of the day. FTMO and other prop firms earn their money on people failing challenges. Very happy with myself and my progress, especially that I started trading less than a year ago. FTMO is legit, and I assume they have a lot of very successful traders. FTMO. I am very risk averse so 2% per trade is high for me. -Share FUNNY Trading Just over 10 lots first 4 days and then 63 lots the last 2 days? That feels more like gambling . The rules for the Challenge Passing help you handle risk management better. ForexCracked Official subreddit; Share and Discuss Forex EA, Indicators, Lessons, strategies, Video… FTMO challenge. After a while it seemed better to simplify everything and just look at plain simple price action, I. Thats why Im asking if you had expierence with this. Traders can see the specification of the account directly on the trading platform. 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. Stop taking ftmo challenge. Keep trading sharp! Please explain it like I’m five. Assuming you're between the top ones that pass the challenge, you now have the evaluation phase. 875 subscribers in the ForexCracked community. co/gths3T3 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: Start off by trying out a demo challenge, stick to a plan and if you can complete a demo challenge 3 times sticking with the same plan without issues, go real challenge and save yourself some money. I cut my lot size in half to finish. Just take a chill pill. And / or add 1000 dollars to a real trading account and see if you can build that up. WHAT I like about FTMO? 😀 For new traders, FTMO is a good place to start. So for example, take the FTMO challenge, you’ll need to pass the 10% target. If you are a real profitable trader you shouldn’t have any problem following FTMO rules. The following week I did really bad in my Forex funds challenge as I didn't adhere to the rules. We are currently recommending and standing by FTMO. com challenge. 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. Posted by u/Fantastic-Drama9484 - 6 votes and 16 comments Forgive me but wouldn't it have been wiser to take up the challenge with the biggest account like for eg. 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. com is a platform that provides traders with the opportunity to trade with real money and potentially join their trading team. I have passed the initial challenge and I am currently trying for the verification phase. Most people tend to still take the initial capital before entering the trades (let's say 25. Bonus Rollover: Receive a 5% bonus when you roll your profits into a new FTMO account (withdrawable after 30 days). Please dont get me wrong as I have a very limited knowledge about profits etc. It has a free trial that’s quite tough if you ask me. Unlock a free trial bundle of tools and services with our FTMO Free Trial. EUR/USD fu**ed up big time and now I have only 6 days to reach a large profit. i’ve been reading posts and comments about FTMO’s challenge of 10% for 30days is ridiculously high. Our Challenges simulate real-world trading conditions by utilizing a demo trading environment. I'm definitely no expert and have only just passed the FTMO challenge after a year of studying and messing around. Hope you all have a great rest of the week. However, if you can do that, then you are in the game. If you don't hit your profit target in 30 days but you're profitable (e. Welcome to FXGears. - To be with other like-minded forex traders. . You should do the free ftmo challenge, they give you 14 days to get 5%. 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. Passed my 200k challenge today! Super pumped. g +2%) you get a free retry. 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%. They kept saying I had to wait till the 10 days are over and then i could reach the 10%. 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. You can test your ability with a free FTMO demo challenge account. On the 50 lot day, if your stop loss across those 5 trades was 20 pips each, your risk was equivalent to $10,000 to make $840. Get the Reddit app Scan this QR code to download the app now FTMO challenge r/Forex tax avoidance and environmental negligencethe free of consequences Hi! This is the first time I do a challenge for a prop firm. Without the weekends, you’ll get 20 trading days. I usually trade my own money and wanted to know some things. Use these great apps to enhance your strategies and skills in a completely free environment. 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 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. 11 votes, 36 comments. 10% target / 20 days = 0. If you're in the scaling plan, you get a new "initial balance" reflecting the "scale up". If you’re really determined then plan on trying out the challenge X number of times until you get the hang of it. This serves as a testament, however, of how badly designed the FTMO challenge is. I have a Myforexfunds live account and have recently failed phase 2 of another challenge. And if you get lucky and you pass, you won't hold the account for long. You don’t get any of the profits from the challenge. co/r5MtfCG https://ibb. Savings: Get a 10% discount on all future FTMO purchases. I feel I was lucky with the first phase 1 challenge, but the second phase 1 challenge took 23 trading days. If they fail, you are still out FTMO's challenge fee. Exclusive Access: Unlock a new, larger challenge option ($400k) at a discount. Our trading challenges provide virtual funds ranging from $10k to $200k, allowing you to practice and learn in a risk-free environment. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the Also I'm fairly sure FTMO gives you a demo account after you've passed the challenge, and then they copy the trade onto a real account so there may be 1 pip differences by the time an order is filled which in your case could be huge. But to your point about increasing from $140K to $300K: are you seriously proposing that a reasonable person, acting prudently, would let $160,000 sit in a a non-intrest-bearing-account if there was the slightest chance they may never receive that money? If you don't hit your profit target in 30 days, you lose the challenge. If they pass, you pay. Rish management is key, and you should aim for minimum 1:3 RR and risking no more than 1% of your account. Check out my shared screenshots with FTMO challenge stats for a closer look at the journey to success. 8 - Win rate of 55-60%. Surely that would've helped with the greed no? If you manage NOT to breach any of the Trading Objectives (regardless of whether that is the FTMO Challenge or Verification) and your account ending in profit at the end of the trading duration, with all positions closed, we will give you a new FTMO Challenge free of charge. The purpose of the Free Trial is to serve our new clients to see how it works and assess their trading skills to see if they have what it takes to pass an FTMO Challenge and Verification. Don't panic towards the end of the challenge to meet the profit target by risking more. gciw jwz gtauil tsnb zpkmblz xagsdg gwrbnu bghgwyvo puq wmbjs