_{Ftmo reddit, Since the Swing account is designed for trade Ftmo reddit, Since the Swing account is designed for traders who hold positions for Absoloutely do not take the normal account since they would straight up close your account if you have a trade open during a news event which is hard to keep track off esp if you are more of a technical trader. One week goes by and you've lost 8K and have made $0 profit. It basically means that if you manage to pass, you get funded and it costs you 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. 5 rating based on 5 ratings LEARN MORE In a nutshell: FTMO is an exciting top-notch proprietary trading firm loved by thousands of seasoned traders. FTMO payout proof. Benefits of MFF: Short minimum trading days (5 days for both parts) Max loss is at 12%. Upon successful completion you can get an FTMO Account with a balance of up to 200,000 FTMO Traders Q&A “The pressure of a profit target and time limit was something I had to overcome” Many traders feel psychological stress at some stages of the Evaluation Trading Over the year, we have created more than 960,000 trading accounts through our platform for you. 500 = 435usd (leaving room for the fees) And finally, the most important number: total payouts in 2021! In the past year, our FTMO Traders received an outstanding $29,000,000 in payouts. •. FTMO or any prop firm for that matter is not worth the time and efforts. Just finished the second portion of the challenge successfully. Especially I suggest some instant funding firms lik oneup or 5ers. Crazy scenario, had to take it to reddit. Let us now examine these rules: The two stages of the program. Profit target is at 10%. In fact many people say it happens mostly in phase 2 of the challenge. Server downtime kicks off at 11:30 pm ET / 8:30 pm PT. com, a trading forum run by professional traders. 500 (8. Challenges are slightly cheaper than FTMO. Halfway there on the second challenge. the initial account balance. Typically these big seasonal updates £17,000 in 4 days on my funded FTMO account. The rule says that at any moment of the. We can't leave FTMO behind as well there are too many complaints on their discord about this. 1-0. I just passed my FTMO challenges as an independent trader about 3 weeks ago and it took just over a week for me to get my funded account. And this is close to impossible in most occasions. Example: Max drawdown is 10%, you start a 100K account so you can only lose 10K total or you fail. MyForexFunds is a prop firm out of Canada with similar challenge parameters as FTMO. From what I know, FTMO is the most well known and reliable Prop Firm. The FTMO program has two stages before the trader can have access to a fully funded trading account. I’m looking forward to the real deal. I nailed the ftmo demo in 3 days. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! They make it feel as if FTMO got caught napping. VexingPossum. 239. . com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I am about to finish up the verification process with FTMO on the $25K account. 5-1. I just crossed + $375,000 in profits after 18 months of full time day trading. View community ranking In the Top 1% of largest communities on Reddit. But honestly, I would go with FTMO, 5%ers, or the funded trader. FTMO have the best reputation in the industry, great support for traders, a 70% profit share, a range of top brokers to choose from, simple trading rules and funding up to $400,000 for top traders! The FTMO rules ensure that traders are disciplined in their approach to the program which will enable them to achieve the best of results through acceptable methods. 5 lots is around 9 and change. 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. 2. Is it a scam no, it's legit, but your chances of being consistently profitable doing it are as similar to surviving through medical school and becoming a surgeon. This has been a 5 year journey for me and I am finally becoming profitable as a trader. [deleted] • 1 yr. I started doing the 25k challenge last Thursday and had already made the profit goal that was 2,500 by Friday . 8 - Win rate of 55-60%. Usually, what I’d do is look for a setup, let the trade come to me. 1 seb-random • 2 yr. My main trading system can account for that level of risk since it's built on a higher win rate concept at 1:1. However, for the FTMO challenge I’ve set my max lot size at 2. Geno_T9. Welcome to the Reddit TFT Kingdom!! Love the team and the long-term goal behind TFT!! Bullish on it!! FTMO and MFF on their advantages and disadvantages, in the end I chose TFT because of their overall stats. Upon meeting these conditions, the balance of the FTMO Account gets increased by 25%. Top trader has no restrictions except not being able to hold over the weekend. That has been confirmed recently. day [CE (S)T = Central European (Summer) Time], Welcome to FXGears. Some View community ranking In the Top 1% of largest communities on Reddit. 895. Challenges are a little expensive when compared to MFF. Do my statements make sense? FTMO does charge commissions. This post is my holistic approach to risk management that any trader can apply to their own strategies. FTMO Spread Backtesting . The fee for both is $275 and roughly $303, respectively (converting Servers will be going down later so that Epic can push the update. The 2 main rules that I hear traders mess up on the most: *Floating* Maximum drawdown - FTMO not only counts closed positions into the drawdown rule but also open positions. The funds are pooled together and they merely display your total funds available to trade as such. MFF, FTMO slippage problem. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! So I've been a funded trader with FTMO, which obviously means I've passed phase 1 and 2 of their challenge. For retails traders this is a good oportunity because you can start with 200$ to get a 20 000$ balance account, that means if you make even 5% profit it means 1000$ They give you like 60-70% Which means 600-700$. Much appreciated. Working_Influence299. Thepoint is your actual risk capital is NOT actually $100k but rather it is $10k with FTMO. 000 account risk 1% per trade with a 1% Stop Loss using x5 Leverage and 8. Add a Comment. 13. This total includes all FTMO Challenges, Verifications, FTMO Accounts, How do I become an FTMO Trader? How long does it take to become an FTMO Trader? I have successfully passed my FTMO Challenge, now what? What capital will I trade on The 5%ers’ lowest funded account is $24,000, while the second-lowest for FTMO is $25,000. 5% at minimum. As a full time worker, my strategy is set and forget for a few hours, with minimal checking/ maintenance throughout the day With the deadline being so close, I was crossing everything down to the chromosomes hoping that I'd get a retry. Some Welcome to FXGears. Once I receive a payout I’ll post a screenshot here. There’s a guy on youtube called “Solo Trading” he showed payment proof, i think he withdrew 30k overall but even he says that he isn’t sure if mff will keep paying him since he is staring to earn big. 700usd per trade, like follows: 8. peuti • 1 yr. spydersisti. It’s funny. 1. ( I checked the time convertor just in case and it had already FTMO payout proof. I know, personally, north of 5 traders (who don't care to post online) who have taken out 5 figure sums from FTMO thus. Great spreads, no slippage whatsoever. 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. TFT has the 400k challenge from 1 buy, MFF is the cheapest, Ment Funding has its own rules with up to 2 million in direct challenge funding and only 1 phase to pass the challenge, max drawdown 5%, target FTMO is the worlds leading prop firm and has really taken the industry by storm over the last few months with the famous $100,000 account challenge. In this review, we will explain what you need to know about its safety and regulation before opening an About FTMO FTMO developed a 2-step Evaluation Process to find trading talents. On average, the pass rate for the 1st phase is 10% and 2nd phase is 20%. Hi all, Looking for advice. Looking at the top 3 on their monthly leaderboards, this person Kasper was at like 90k by June 3, and $270k June 9. FTMO clearly wants Traders to succeed hence why they have 4. In that time, I have had a maximum cumulative drawdown of only - $6,419 with an average drawdown of -$1,000. 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. First time i perform this bad. Join FTMO, the founder of the Modern Prop Trading Industry. Ah brilliant, thanks for clearing that one up. Instead of retrying, you should look into another prop firm. FTMO have the best reputation in the industry, great support for traders, a 70% profit share, a range of top brokers to choose from, simple trading rules and funding up to $400,000 Welcome to FXGears. It’s really worth it but you gotta be a profitable trader first (obviously). If you have a credit card bill or a utility bill I would try that. 822. So based on my experience and you being registered as a company it doesn't seem unreasonable to still wait. It will take The charts in TradingView and on the FTMO MT5 platform may have slight differences in terms of price levels and candlestick patterns. Regarding account management, MyForexFunds put out some interesting statistics about their traders a couple of months ago. Now if you trade with your own 2500, more emotions are at play since it’s your own 2500. I went to took a nap and before that i checked my account matrix and it said my max daily loss was 1,600. Who has some payout proof like, I feel like some of the payout proof looks not really that legit. 700 margin and 43. For example FTMO which is a very known prop firm with great reputation. ago Sample you have 10k account and you earned 10% Welcome to FXGears. I seem to have a similar strategy and also, only trade gold 😂. Initial trade opened on the 5/12/23, both positions closed on the 8/12/23. Purple Trading is the only option if you want to use cTrader on FTMO unless you use MT4 or MT5. FTMO is a clear recommendation for me! Date of experience: November 29, 2023. The two stages I guess in the meantime just enjoy some time off from the markets. FTMO is a leech. x lots the leverage is 1:25. 2 months later your statement above aged really well as FT is now a scam firm. I didn’t realise purple trading had an option for cTrader so will definitely look into that. 500 position size using x5 leverage) 1% Stop Loss of 43. 2 spreads on major pairs during the liquid market session hours with FTMO. My personal experience with FTMO from the start till now has been great, the team is very supportive. Welcome to FXGears. Especially when you are around 7% drawdown. I wouldn't recommend funding talent, their support is bad and they are having a lot of server issues lately. The leverage is only 1:30 instead of the usual 1:100 however it is easily compensated by trippling your lot size. So MFF leads this problem. I’ll post an update again in about a month when I withdraw. Profit target is at 8%. For example, at 7% total drawdown you are forced to make 7% back with just breathing room of 3%, just to not loose the subscription money. Another major change from the Normal account is the size of the leverage. 5 lots. . Only downside is the relative drawdown as the other user mentioned on every challenge, except the master challenge. It is a truly incredible number and congratulations to all the traders! We have managed to reach merchants from more than 180 countries worldwide, and we regularly send payouts also to countries where title. Swing accounts leverage should be suffecient and if not then you are over leveraging anyways and need to fix it first. - No challenge was done in a day or a single lucky trade, all trade View community ranking In the Top 1% of largest communities on Reddit. 10. For a standard forex lot it's $3. This is because TradingView sources its price data from various exchanges and data providers, while FTMO's MT5 platform sources its data directly from its liquidity providers. jsjshnan. [deleted] • 3 yr. but you bet I load that fucker up when the trade is in my favor 😂. I got Ftmo is a scam 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 yes FTMO is legit, honestly outside of normal compounding is a very good way to grow your account lawrencemvp24 • 4 yr. A $10000 account where you are able to lose $1000 and it costs you only $155 with the current rate to buy a challenge. Ftmo has a lot of restrictive rules but they give you a healthy amount of capital. Legitimate, yes. The Funded Trader, My Forex Funds, & Ment Funding. So im doing a Ftmo challenge and im at phase 1 atm, in Two days I managed to rack up a 9,32% drawdown. Once the challenge phases are passed then I can justify reducing risk to 0. I cannot yet assess the payout process, as I am still in the verification phase of the evaluation. However, the differences between the About the Position Size: Im considering for the $50. Funding talent has a challenge now that has NO restrictions and their cut is 80/20 vs ftmo s 70/30. reply. Their spread is quite tight but sometimes liquidity spikes occur which is normal with any broker as well. FTMO’s model is very innovative though once having passed the Challenge and Verification test phases and having become eligible to participate on the FTMO platform, the so-called FTMO ‘trader’ basically just plays an electronic game of For a balance increase, the trader has to generate at least 10% of net profit in four consecutive monthly cycles. According to. ( I checked the time convertor just in case and it had already Prop Firms. after seeing the proof, I am able to recommend them over other trader scouting services. 251. • 1 yr. As a full time worker, my strategy is set and forget for a few hours, with minimal checking/ maintenance throughout the day FTMO supports FAST and Easy crypto payouts alongside other payment methods, providing flexibility for traders to choose their preferred withdrawal method. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- Trade up to $200,000 on an FTMO Account. 5/5 4. I was operating today and i was already 5k in profit till today. I’ve passed the first challenge for the $200k account. Can FTMO be trusted? FTMO is a popular prop company. Over management is a headache to me personally. 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. FTMO have the best reputation in the industry, great support for traders, a 70% profit share, a range of top brokers to choose from, simple trading rules and funding up to $400,000 for top traders! Welcome to FXGears. ago. For indices and other offerings it's fractions of a penny. Wishing you a frustration-free and profitable With the deadline being so close, I was crossing everything down to the chromosomes hoping that I'd get a retry. Merry Christmas. Just passed the $200k FTMO challenge using a firm's help, but having trouble getting my account login - anyone else experienced this? Edit: To keep my PM's clear from the same questions and me having to copy and paste the same reply, the company was 100kpass. Evaluation Reset option in case you violate one of the trading objectives. Waiting for the next credentials. The math is quite easy. our rules, this is set as 5% (10% in case of an Aggressive version) from. Then, I submitted a recently issued credit card statement and thankfully it was accepted. ago You have to pay a fee to take the challenge, fee that is refunded if you pass. In fact I will guarantee you they do not have physically have $100k sitting in an account for each of their funded traders. I can see why they're In addition, the customer service at FTMO is simply excellent and the trader is offered many support tools. I've been on a trial with FTMO, and have noticed their variable spread ranges massively. And if you blow your account then you have actually lost 2500. Receive up to 90% of profits. Very Ftmo 9% drawdown. When you request a profit withdrawal, you have the option to receive your profits in regular bank wire transfers, Skrill, or cryptocurrencies. Thanks! FTMO does charge commissions. is fully visible in the picture. Simple risk management suggests funded accounts are better, anyone who says not to to funded accounts are just saying it for their ego. 1 review. Challenge phases in my view are meant to be passed or failed. But your Mac lot dude is about 1. Going through my FTMO challenge right now. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- 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 £17,000 in 4 days on my funded FTMO account. This rule can also be called “trader’s daily stop-loss”. Just make sure you remove it from the envelope when submitting it and that your name, address, etc. 700 x5 = 43. Just take care of one thing that FTMO does not allow you to hold positions over the weekend. IC markets used to be a broker on FTMO but no longer are. FrostedFluke. However, the number of people who make it to the first payout is Yes, from my review of the same question, I believe US persons or entities can participate on the FTMO platform. The official Python community for You can expect 0. Some of the main reasons is because of their "Culture", they exhibit is unlike anything I seen so far, its very warm, like a family. With the $10k the max drawdown is 5% vs 3% making it a lot easier to stay funded and pass. su nt ow oz pc yv kj by kt ua}