Reddit ftmo

Reddit ftmo. IMO, MFF only beats FTMO with better evaluation requirements. I am so hyped and a post like this motivates me a lot. Hi guys, Hope all is well. i think ftmo has better spreads, i like mff due to being bias as my first prop firm. Reply reply Welcome to FXGears. There are 4 different challenge accounts you can pay for: $10,000, $25,000, $50,000, and $100,000. You need to demonstrate your experience by sticking to Maximum Loss Rules while making the necessary simulated profits of 10% of initial balance. There's no time limit, so you can tweak and adjust along the way to get getting funded. Same here. I have downloaded the cTrader from the FTMO website and I tried to login with the login credentials from my FTMO account but it failed. 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. 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 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 . Though its main emphasis is on the Forex market, FTMO also encompasses commodities, crypto, and indices. Took alot of shit from other people. com, a trading forum run by professional traders. so let me clear things up: your trades never get placed in a real market. Action Movies & Series; Animated Movies & Series; Comedy Movies & Series; Crime, Mystery, & Thriller Movies & Series; Documentary Movies & Series; Drama Movies & Series Sorry OP but that's a dumb question. Just wondering how any funded traders on here deal with the news rule on FTMO, that a trade cannot be left or entered within 2 min either side of the news release? Another point to note is that trading with own money is always better and profitable in long term. The true advantage about FTMO is that when you passed the test, you get the refund so it didnt cost you at the end. But they do not provide any more details. Ftmo support answer: We plan to honour all our commitments to our clients. FTMO recently blocked new and existing US clients from purchasing new challenges or trials. With FTMO, to get your 70% profit share, you have to invoice them, which I would do from my LLC (once I create it). 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. -Share FUNNY Trading Please leave your thoughts in the comments. Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. 1%-0. Now they have removed US clients access to MetaTrader and are pushing DXtrade instead. so it's unlikely their spreads are better. 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. 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. Guys i see to much bad news on borkers cfd like FTMO, MFF… and others. However I’m not sure if FXify or FTMO is better; here’s a breakdown: For the same 200k account, no time limit, 90/10 split, monthly payout - FTMO: cost $1387 90/10 split not available at the start first payout is some time after passing (not on demand) along with only 100% refundable challenge fee Welcome to FXGears. If you're in the scaling plan, you get a new "initial balance" reflecting the "scale up". The best prop firm besides FTMO AID The Funded Trader In my option. 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. Some people like to go with more trusted options. 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? I've done challenges on both and I personally prefer FTMO. I can't find the stats on how many traders have been funded for the year 2020 in FTMO. Trading is hard. Nu weet ik dat de belastingen bij forex rond de 1-2% liggen, wat geldt bij handel van je eigen kapitaal. You'll learn so much more about yourself and your trading style and gain real time experience. FTMO is legit, and I assume they have a lot of very successful traders. The real question is do YOU have a consistent and profitable method? That is the real question. Very happy with myself and my progress, especially that I started trading less than a year ago. 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. 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. The FTMO Challenge is the first step of Evaluation Process and educates you to master your trading habits. 25% per trade with Mentfx since they have unlimited time per challenge, as opposed to 2% per trade with FTMO's 30 day limit. Reply reply 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. With FTMO I’m fairly certain there are restrictions on certain news evens across relative pairs. For example, a U. It sounds simple but please don’t underestimate it. If you pass it, you get funded. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. - To be with other like-minded forex traders. During the weekend that has just passed, FTMO announced their account type known as “FTMO Swing” which allows traders to trade news and hold trades through the weekend. I was just wondering how people feel about this as these two things were the only “weaknesses” FTMO had in comparison to other prop firms. You can achieve an equal amount of profit from just $10,000 account with own money, taking almost 40% floating DD ($4000), instead of <5% realized DD in FTMO. Good afternoon Traders! I have successfully passed my $100K FTMO challenge. But here is the problem: is FTMO using the same business model ? Especially because they claim they use their risk management for demo accounts connected to live markets. FTMO has been in business reliably for over 8 years as a prop and longer as a broker I believe. It's way quicker than building up your personal account from 150 to 10k. It is nothing. I'm a little biased though because I also trade bitcoin in addition to forex and the MFF's crypto spreads are horrendously garbage imo. 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! 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. 5k 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. FTMO & MFF Funded certificates Doing new ones this year follow my journey! u/wannabechampfx ADMIN MOD • The Secret to Passing ANY Funded Challenges using this 3 Step Strategy, sharing the strategy breakdown, the psychology and the thought process when doing a funded challenge. news announcement would carry certain rules around trading the event. I personally trade with them, but you have a tight margin of error to work with. I still think FTMO is a great short term idea. Hallo Geldzaken, Ik zal binnenkort officeel een handelaar zijn onder FTMO (een prop firma die handelaars hun kapitaal geeft om te traden). S. in reality people will say ftmo is superior, i think u dont have to leave ftmo and can have both of them at once. -ftmo's business model is based on the failed challenge fees. 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. M1 lets you earn, invest, spend, and borrow all on one financial platform. which is more than enough to pay out the traders that do make money (90%+ loose) 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. M1 is made for those looking to build their wealth using powerful automation and topflight rates. With FTMO, after 2 months of consistent trading you can have that capitol to trade with. No what I meant, is for example when you first start trading they'll pay you from the money they make from evaluation fees and if you are a profitable trader then they'll start copying your trades so my question was how much* money realistically before FTMO starts copying the trades and giving you money from the profits of the trades they made I traded the demo account on FTMO with 40k for 2 weeks and reached 20% and also passed all the rules, for me its time for a real challenge. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. Today's article will be devoted to finding the answers to the several most frequent topics our support colleagues get asked about. This is my 3rd time with FTMO. In FTMO, the maximum daily drawdown limit allowed on a $100K account is 5% which is $5,000. To earn this funding, traders undergo a two-step evaluation, focusing on profitable trades and rule adherence. This serves as a testament, however, of how badly designed the FTMO challenge is. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. The current situation is not impacting payouts or other services that we provide to our existing clients. in short it seems like they cheat by making you lose the money you invested to do some challenges to get an account with them (propfirm). Trying too hard and studying too hard has diminishing returns and is counterproductive. The max daily loss is the thing you need to watch out for. I have come along way! Please share your experience with trading or even FTMO :) I used to commented on youtube about how bad the slippage and spread was on MFF so I used FTMO even though FTMO is harder. Seeing a lot of videos lately of people passing FTMO challenges on Youtube. Also do FTMO swing also have Scaling function just like Standard FTMO account I have just bought an FTMO challenge and I got my FTMO challenge login credentials from the clients panel. i like that maximum drawdown is 12 percent on mff and cheaper too. FTMO does have some downsides though the biggest being the news restrictions. I learned a lot in the past months, backtested a lot every fucking day mate. FTMO is reputable. Any FTMO swing account trader here, does they allow news trading, in the about it says yes, but the clause says no. Then you have to complete the challenge where you have to make 10% in one month while adhering to their drawdown conditions. I'm a swing trader looking for a funded challenge, FTMO seems the most legit, but I'm not too sure if it's appropriate for swing traders? I hold trades generally for 2-3 days (average 1-2 trades per week), and I've been consistently profitable for a wh Welcome to FXGears. Even on Gold I notice there spreads can get a little high. You need solid trades and mostly wins if you don't want to risk losing the account (I have lost 1 account total). Damn thinking back I was smart af. 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. 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. I guess that's where personal preference comes in because I'm perfectly fine with risking 0. I guess the main questions are- is that the best way to do this, should I just hire a CPA (suggestions?), and are any of you trading for FTMO/how are you paying your taxes (if you are US based)? Welcome to FXGears. 5% with the 5%ers, all due to the spreads. If something still seems unclear even after reading the article, feel free to explore the FAQ section of our website as the answer is likely ready for you there. Hi guys, I just fully figured out what went wrong SEQUENCE OF EVENTS: I lost -$1021 in the morning, proceeded to angry trade immediately and chickened out after 5mins after for an extra loss of -280 (Now total loss off -$1301) 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. Aug 18, 2023 · FTMO has built a solid reputation in the world of proprietary trading. The issue here is that you see all the 'success' stories and no failure stories. I also got some reason leaning towards ftmo just a bit of a feeling but not liking it as double the price and a bit more restricting. For now this is the end of my journey with FTMO as those who have been following my progress know I develop an algo in the MQL language. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. Now that MFF is having some issues due to their business model that involved using money from challenges to pay traders. 1% with FTMO and +4. In case the situation develops differently, everyone will be informed accordingly. Jul 31, 2024 · FTMO is a Czech Republic based proprietary trading firm that funds skilled traders. I mean I'm not a prop firm fan at all really but 5%ers sound like they are probably geared more towards swing traders. Here are my findings: WHAT I like about FTMO? 😀 For new traders, FTMO is a good place to start. Their unique evaluation process, thought-out and designed for traders of all levels, has garnered positive FTMO reviews and ratings. You have to be profitable to be able to make money on their seems like you guys have not understood how ftmo works. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. FTMO's 70/30. The leverage is only 1:30 instead of the usual 1:100 however it is easily compensated by trippling your lot size. Lastly, 10 - 12%, manually/discretionary trading, is very difficult, though possible. FTMO basically, made a two-step process to check out your trading performance. What was more difficult than expected during your FTMO Challenge or Verification? The want to trade more volume due to higher account size, at first the amounts were definitely something to get used too. You initially pay for a challenge account. Anyway, I linked the two accounts to my trade copier, and the exact same trades have resulted in +4. FTMO is double the price and slightly harder but I should be able to pass that as-well just wondering if any of you guys use any or both prop firms and what you would recommend. I haven't seen their spreads but I do know they use live accounts for their challenges unlike FTMO and FT etc. There seem to be quite a few users leaving negative reviews. 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! When analyzing my trading style FTMO seemed like it was the best fit for me hence why I trade with them now. On my FTMO account under credentials with the login ID and password it also says platform DXtrade. That's true. And still, I would be way more stressed out having a drawdown period on my personal account than on a FTMO account. Welcome to FXGears. kbd hjoe dothjr bupq uuco zpxx ddf fmllhkuyf icz dlldh  »