Ftmo success stories reddit

Ftmo success stories reddit. FTMO developed a unique 2-step Evaluation Process for traders. Keep trading sharp! Why FTMO funded account trial is a dangerous trap for you. Any help is greatly appreciated! •FTMO Swing Account: no longer need to close trades for the weekend and, once you've passed both the challenge and verification, if I recall correct they also dropped the requirement of minimum 10 trading days a month - i. The research i came up with states that you should have a micro company in France. It's advised to risk 1% of your account per trade, 2% if you wanna be more aggressive (this is not recommended for strategies that use low win rate/high reward since the drawdown would be much deeper) so this means that you need to lose 100 trade to lose your account or 50 if you pick 2%. I mention all the other stuff, because there's a lot of people out there who think that just getting a funded account will solve all their problems, and I want to make it very clear that it will not. I trade with ftmo and plan to visit their Prague office in the late fall bc I’ll be nearby. 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 shares plenty of success video stories where its prop traders participate in 30-minute interviews, confirming FTMO pays its prop traders. 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. FTMO is a company based in the Czech Republic. atlasreality. com. 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. I think I read somewhere that FTMO paid out 25 million last year to traders. I’ve sometimes gotten stopped out of trades just for price to go my direction afterwards, because TV and the FTMO server/broker didnt align too well. Real fuking hard. You have to be profitable to be able to make money on their I passed, focusing on my risk management, not profit. Relying on the fact that we will achieve 100% success in trading is not a good idea. All the best for you tho. Anyone that has used it can you tell me how the payouts were and if you had any difficulties with them in any way. Im not sure about lets say total account sizes of $395,000. Am in a ftmo 200k account I trade gold mostly and I have 69% success rate am happy to share knowledge in return for same. 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). Or maybe you have a success story you’d like to share. I have tried the FTMO challenge a few days and got a very bad and unfair experience. Need assistance? Contact support in-app via the settings, online by clicking on any article and scrolling to the blue "Contact us" button at support. Although fortunes can be made very quickly in financial markets, they also can be lost at the same pace. On the paper, gaining 10% and 5% in 2 months in a row is tough job. 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. Do my statements make sense? If yes, why would anyone not go for a swing account? Seeing a lot of videos lately of people passing FTMO challenges on Youtube. In summary, FTMO stands out as an innovative and trader-friendly Forex prop firm, offering high profit shares, flexible trading conditions, and supportive tools that empower traders to achieve their trading objectives while contributing to the firm's continued growth and success. 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. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. As the title suggests, I’ve had a rough time with topstep. Leave your review to help others. Ftmo looks to be the best fit for me. We remind our clients at every possible opportunity that trading without losses is not possible, and every trader has to learn to live with it. Thanks for everyones help in finding a good prop firm. Hey everyone, Edit: this is my first 9 days with real money after passing the FTMO challenge / verification steps. e. 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. 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 Welcome to FXGears. You are better off by going with 5ers or MFF due to their realistic trading constraints, i. 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. FTMO does have some downsides though the biggest being the news restrictions. Reply reply Revolutionary-Case36 FTMO developed a unique 2-step Evaluation Process for traders. I can't find the stats on how many traders have been funded for the year 2020 in FTMO. com, or over email at support@atlasreality. 377K subscribers in the Forex community. 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. Trying too hard and studying too hard has diminishing returns and is counterproductive. Any FTMO swing account trader here, does they allow news trading, in the about it says yes, but the clause says no. Welcome to FXGears. - To be with other like-minded forex traders. Let's make it a success in the United States as well. 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. 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. But for the challenge, they're faced with the same problem as before. (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. Looking at the top 3 on their monthly leaderboards, this person Kasper was at like 90k by June 3, and $270k June 9. Then you have to complete the challenge where you have to make 10% in one month while adhering to their drawdown conditions. There are 4 different challenge accounts you can pay for: $10,000, $25,000, $50,000, and $100,000. We are a non-judgmental place of compassion and light-heartedness. Let's say you trade a tripple EMA crossover strat on the 5m. Congratulations on your success btw. 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… Welcome to FXGears. com's Reddit Forex Trading Community! Here you can converse about… Jul 6, 2024 · Read FTMO's Success Stories to learn how traders have achieved success and turned their trading dreams into reality with FTMO's funding program. 1% with FTMO and +4. Also do FTMO swing also have Scaling function just like Standard FTMO account I think you are taking a lower probability of success by choosing FTMO. Discover how our traders overcame challenges and achieved their financial goals with our proven trading evaluation process and risk management techniques. The official Reddit page for Atlas Reality's ATLAS: EARTH, a location-based game where players can earn real-world rent. We have a collection of the most popular trading courses used to pass FTMO, myforexfund MFF, the funded traders and other prop firms. When considering your risk you need to use the maximum drawdown amount, not the total account size. 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. 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)? 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 You initially pay for a challenge account. The leverage is only 1:30 instead of the usual 1:100 however it is easily compensated by trippling your lot size. I felt cheated and disappointed. 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. What do you think is the key to long-term success in trading? Humility, perseverance, a strong mind and a decent IQ. 343K subscribers in the Forex community. 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. Oct 24, 2023 · In this blog post, we will delve into what FTMO is, the significance of the FTMO Challenge, and most importantly, the strategies you can employ to pass your challenge successfully. 58 votes, 46 comments. This Evaluation Process consists of an FTMO Challenge and a Verification and is specifically tailored to discover trading talents. , why would you go with FTMO if you get another provider’s challenge with easier constraints. visit… 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. Hey since the max allocation is 400k for FTMO. Anyway, I linked the two accounts to my trade copier, and the exact same trades have resulted in +4. FTMO has a dashboard that lists the times that the news will be released. Inspired by the success of the Premium Bonds system in the UK. 5% with the 5%ers, all due to the spreads. Upon successful completion of the Evaluation Process, you are offered to trade on an FTMO Account with a balance of up to 200,000 USD. I have passed the initial challenge and I am currently trying for the verification phase. 20 votes, 56 comments. com's Reddit Forex Trading Community! Here you can converse about… 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, to get your 70% profit share, you have to invoice them, which I would do from my LLC (once I create it). A place for those that suffer to gather and share their stories. 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. Sorry OP but that's a dumb question. The customer support has always been great for me, but I would like to see it firsthand. For swing traders, it's a great improvement too once they actually get the funded account. 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. 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 Hey guys, I am currently doing an FTMO Challenge. Now we can trade through high impact news and hold runners over the weekend if we want. Do you have 1 year of profits ( there are weak months and strong ones but its about your balance at the end of the year)- Can that profit, after tax, make you life better than your salary? I backtest a lot on TradingView, and also analyse on TradingView before looking to take a trade on MT5. 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. I’d like to know what you guys think of it. once you're a full FTMO Trader, you can even go on an entire month without trading at all if unforeseen 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. Posted by u/simple_mech - 1 vote and 68 comments. In Conclusion. Discover the pros, cons, and real-life experiences of traders who have used FTMO's services. I quickly learned that wasn't the case with a prop firms 5% daily DD. 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. Check out my shared screenshots with FTMO challenge stats for a closer look at the journey to 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. depends on three things: Do you have savings to survive 1 year if trading fails you. Mate, if you re-read my response, you'll see I covered your exact position as probably the only reason anyone would use this service. When analyzing my trading style FTMO seemed like it was the best fit for me hence why I trade with them now. com, a trading forum run by professional traders. I'm by no means bragging, I'm simply stating that FTMO is worth it and anything worth doing is hard. visit… I failed my first 5ers challenge with poor risk management because my strategy works for my personal accounts. It's a huge improvement for day traders at least. Both times I lost the account within 2-3 days of trading. Hello OP, im on my way to becoming funded as well. Let's say some other trader in another part of the world also happens to trade the 5m EMA crossover strat and takes the same trade as you. Dont break the bank for forex and stock trading courses. The real question is do YOU have a consistent and profitable method? That is the real question. 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. Here are testimonials of our traders. But once you have the funded account, there's no reason to take any risk that will blow your account. As for risk management, a 1:3 risk-reward-ratio with just a 2% risk on solid trades was my golden rule. Tip 2 - Create reminder notifications for the upcoming week of all high impact news just in case. com's Reddit Forex Trading Community! Here you can converse about… I suspect they just don’t have the capability to deal with the different entities. Reply reply. Remember, in the market, perfection is elusive. Welcome to /r/Netherlands! Only English should be used for posts and comments. FTMO is legit, and I assume they have a lot of very successful traders. -Share FUNNY Trading 42 votes, 37 comments. Please review the subreddit rules before posting. They would promise to fund your trading account with any of their chosen brokers (mostly small brokers located in Cyprus), for up to 100 thousand dollars leverage, but only if you first pay them a certain amount of money in advance for a demo. Crowdfunding is the new norm to download the most popular courses on social media for a… 213 votes, 58 comments. Is FTMO trustable? FTMO ranks among the most trusted and transparent prop trading firms. I have been funded twice by topstep ($50k once and $150k once). This rule is in place to ensure that an ample audience can freely discuss life in the Netherlands under a widely-spoken common tongue. We paid out more than $190,000,000 to FTMO Traders and sent these payouts to more than 180 states. Swing traders can go through a multi-month drawdown even with a profitable strategy, b 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. How has passing the FTMO Challenge and Verification changed your life? A place to discuss the in and outs of Yotta Savings and this new bank lottery method. Additionally, you need close any open positions on the pair it'll effect . For FTMO, the two trials involve more luck that normal trading due to the time constraint. Tip 1 - On your phone or computer you should add another clock time to match FTMO's local time. I try to set myself a target of 10-12% per month. 386K subscribers in the Forex community. Ive had a load of questions over the past few weeks from people asking me advice and general pointers on what to do after posting my FTMO challenge results. qrqovw ryoot owpn gkzinb eyjfvcc bbuzca uroa fgarldk orxkk oiseyh