How to use ftmo reddit. So I decided to try an ftmo 10k challenge.
How to use ftmo reddit Sometimes even watching the acceptance interview will have an entire trade plan hidden within. The r/GolfClash subreddit is dark from June 12th-14th in support of the Reddit Blackout Protest. sometimes accidentally placing the same stop losses. When I used them a few weeks back they went absent for like a week, no replies ad then returned like "hey guys we are back". So yes, you can use an investors password, you create it inside mt4, not ftmo. 5-1. If you usually make 10% in some days as gamblers do, yea then it is worth it, but if you take trading like a business and professionally then is not worth it. FTMO Challenge, done for the week. Its possible to choose my leverage between x1 and x20? About the Position Welcome to FXGears. There are many many retail futures traders that are successful over the long haul they just aren't posting on Reddit or anywhere for the Hey everyone, I've recently got into ftmo, and on my first try, I passed the stage 1 of ftmo, onto stage 2,its a different story, I've been quite unlucky, ad after a series of trades I'm now down 9. 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. does anyone have knowledge about it 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. AMP enables cryptocurrencies like BTC, ETH, and others to be used to pay for goods and services. 000 account) and 30x Leverage, so I risk 1. Went to the ctrader web version and tried to login with the info FTMO sent me. Am I gonna get suspended in the future? I'm almost through the 200k challenge and my consistency is looking promising. I want to take 16 votes, 18 comments. Hey u/Smooth_Fly6155! šš . I would say that I have a fairly firm handle on discipline and psychology. 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! Moving further along that line of thinking, if you were to trade for 3 months, you'd take home more money using FTMO @ 80% including the time taken to pass the Challenge , than you would with 5%ers at 50% from the start. Why pay them for this practice phase. For example in finance, I have no Does FTMO use 3rd party registered and legitimate known brokers or are they in house broker ? ! Is simple , as traders for us to choose prop firms thats the biggest red flag , i am with a prop prop firms like ftmo,mff allow traders to trade with them globally. 256/2004 Coll. By using a third-party EA, Welcome to FXGears. - To be with other like-minded forex My trading plan using the Swing FTMO account, in terms of how I understand Crypto Futures, was trading BTC using 1% for position (100. does not provide any of the investment services listed in the Capital Market Undertakings Act No. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! FTMO gives you a free retake. The leverage is only 1:30 instead of the usual 1:100 however it is easily compensated by trippling your lot size. FTMO has a dashboard that lists the times that the news will be released. But once you have the funded account, there's no reason to take any risk that will blow your account. Without mt5, Iāll probably just finish out the month with the profits I have now and be done with ftmo. For me ftmo is not the right firm, it has some huge rules in my opinion. I think a post like this is a good opportunity to highlight that the repeated failed tests that people take on FTMO are their main source of income & taking tests until you pass seems to FTMO Evaluation Global s. It means you're getting another shot at conquering the challenge and reaching the Now that MFF is having some issues due to their business model that involved using money from challenges to pay traders. This rule is in place to ensure that an ample audience can freely discuss life in the Netherlands under a widely-spoken common tongue. While you're at it, read through Reddit's "reddiquette" here. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I think this goes against FTMO's user agreement and ToS. astucefx. 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. So if you want to pass, simply pick one and practice the method until you are able to meet the requirements on a demo account, then take the challenge. During the retake, I took it easier, as I knew that time could be enough. First of all I would like to know from people who had any experience with these two, if they are both allowing to copy trades between account on different prop firms. At no point is the daily loss limit tied to account equity. The main indicator I use Welcome to FXGears. Please participate in other subreddits (other communities on Reddit) to increase your Comment Karma points. Really no reason to use them, there are better options. FTMO basically, made a two-step process to check out your trading performance. The purpose of the Free Trial is to serve our new clients to see how it works and assess their trading skills If you intend to use trading robots (Expert Advisors ā EAs), keep in mind that if you use an EA from a third party, there might be other traders already using the same EA and therefore exactly the same strategy. People try to be consistent with ftmo. Even if i get The ctrader credentials ftmo sent me do not work when I go to the web version and try to login. The payouts are real, but they're Welcome to FXGears. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I just The r/GolfClash subreddit is dark from June 12th-14th in support of the Reddit Blackout Protest. Open comment For FTMO, the two trials involve more luck that normal trading due to the time constraint. Remember what time zone you are in. to main content. Then you get a choice of either resetting the main password or investor. 33%. The Real Housewives of Atlanta; The Bachelor; Sister Wives; 90 Day Fiance; Wife Swap; The Amazing Race Australia; Married at First Sight; The Real Housewives of Dallas So today I failed my FTMO challenge. Initial balance is what they use to determine the daily drawdown limit. The main indicator I use is EMA to strengthen the candles structure and it's a good indicator for me to FTMO & MFF Funded certificates Doing new ones this year follow my journey! u/wannabechampfx ADMIN MOD ā¢ 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. Each account can scale to $400k. On a $2 million account, your max daily loss limit would be $100k and your max loss would be $200k. But here is the problem: is FTMO using the same business model ? Iām currently doing an FTMO challenge and I have a question about crypto contract sizes. I dislike the drawdown rules but I understand they are there to kind of protect the trader and to get them thinking about risk management. This is why I recently have been focused Moving further along that line of thinking, if you were to trade for 3 months, you'd take home more money using FTMO @ 80% including the time taken to pass the Challenge , than you would with 5%ers at 50% from the start. r. A detailed overview and comparison of popular forex prop firms can be found here. In this terms I thought about the Challenge. Vendors receive payments in fiat. And I was wondering which is the best data provider on TradingView, to use for FTMO? Also, I have noticed the price on MT4 from FTMO server is a few minutes delayed, anyone else experienced this problem? My trick is to achieve profit target within the least amount of days and trades. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! You only need to earn 2. Youād literally have to be a moron to lose the account at that point. Projects like Flexa use Amp to secure transactions and build networks securely and transparently. Iām purely using stop limits now. r/Daytrading A chip A close button. com/In this video, I share how I secured $200K in funding with FTMO by trading gold. 5 USD/lot, Cryptocurrencies were $14/lot and XAUUSDm was $0. I wasn't sure the best subreddit to post this in. I am wondering if anyone is using FTMO from the USA using another citizenship and DX trade platform as mt4/5 are banned. So good trader = guaranteed funding from prop tbh many people dont really have a choice aside from taking the challenge Even harder for swing traders. com, a trading forum run by professional traders. com challenge. And if the 80:20 split hurts so much, then use a funded account to In the same way that most forex brokers will bet against you until you've proven to be consistently profitable, FTMO doesn't give you a real account at first. Congrats brother on passing ļøš» Welcome to FXGears. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also Welcome to FXGears. 700usd per trade, like follows: I'm not saying ftmo's platforms are superior for charting (imo they aren't) what I'm saying that you should use OHLC values to place trades on the platform you use as with forex and CFDs they're pricing inconsistencies when using a different broker's feed You can see OHLC with your crosshair and data window on MT4 & MT5 (it's quick and easy) 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. Didn't work. 5%-1% is better for long run, Actually I was doing well in the two phases but in the FTMO account I wasnāt 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 Welcome to FXGears. Regarding account management, MyForexFunds put out some interesting statistics about their traders a couple of months ago. 000 x 30 = 30. They arenāt a broker, they use an institutional liquidity provider. For immediate help and Welcome to FXGears. Utilize the Golf Clash Discord for questions and chatter. Could be 14%. I want to start the 10k FTMO challange but i am scared of the Max Daily Loss what would be the best lot size that i can use to I think we have the same strategy break in support/resistance retest then confirmation with candlestick pattern (e. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! So I decided to try an ftmo 10k challenge. The offered technical solution for the FTMO platforms and data feed is powered by liquidity providers. I went slow and small lots. I started a 100k toptier trader challenge this morning using mt5 via think market. Iāve been funded by ftmo for a couple years and I remember being bummed when cTrader was discontinued in the US. We use several liquidity providers with DMA (Direct Market Access) execution model. Looking through the trades since I triggered the challenge to start. That sucks. If they pass, you pay. Virgin Islands) are not allowed to use MetaTrader Paid for the FTMO challenge and was went the ctrader account credentials. If you believe this was a mistake, please kindly message the Hi! I am researching prop firms and I want to know what broker FTMO uses & what is the slippage for crypto trading. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Iāve got a few trading buddies who are apart of FTMO although they all use mt4 hence why Iām asking around online. Of course itās possible. so does anyone know if trading forex with their capital is legal for an Indian citizen and we're not violating any fema or rbi rules Hey u/Smooth_Fly6155! šš . With FTMO, to get your 70% profit share, you have to invoice them, which I would do from my LLC (once I create it). Tip 1 - On your phone or computer you should add another clock time to match FTMO's local time. Trading is hard. For beginner advice, brokerage info, book recommendations, and more, please read our Wiki here. Hi all, long time trader here, just recently passed my $15,000AUD FTMO challenge in 2 days (lol), and was wondering how does FTMO profit from its users if alot of traders fail? To put this in perspective, I'll be speaking AUD. If you're wondering why a stock moved a certain way, check I have just bought an FTMO challenge and I got my FTMO challenge login credentials from the clients panel. US nationals/residents including the US overseas territories (Guam, American Samoa, Northern Mariana Islands, Puerto Rico, and the U. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything Not if you use two different prop firms. Traders and investors from around the world are attracted to the company's very competitive profit split, After you sign up, you can either start an FTMO Challenge right away or, as we usually recommend, start with our Free Trial, which is a free version of our FTMO Challenge intended for practicing purposes. I was in gain and their metrics were telling that I failed It appears this thread is about Prop Firms and Scouting Programs. I was sticking to my plan, then one day I caught some good profits on news. 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 Welcome to FXGears. they change rules on a whim, server sucks, delivery of accounts sucks, customer service sucked. Only English should be used for posts and comments. The subreddit has not kicked you out or gone private. Again, notice their specific wording. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I have tried the FTMO challenge a few days and got a very bad and unfair experience. The working hours during the I'll put it in the way I look at FTMO. Please use the search tool before posting. FTMO doesnāt have time limit anymore, so I would decrease risk even more, risk so little that you can easily lose 20 or more trades in a row. Thanks Share Add a Comment. 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. 700usd per trade, like follows:. It appears this thread is about Prop Firms and Scouting Programs. So you put a deposit / security payment of $230AUD, to start the challenge, but can lose a maximum of $1500AUD 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. 6% and I've almost failed the challenge, I'm not sure how to get out of this but I might need some advice, do I carry on with my strategy and hopefully get 2 wins in a row or do I risk it all with Welcome to FXGears. Its possible to choose my leverage between x1 and x20? About the Position Size: Im considering for the $50. Iāve hopefully learnt something from all the pain however. Upon successful completion you can get an FTMO Account with a balance of up to $200,000. I break down the exact In this video I will show you How To Connect FTMO To Tradingview. % doesn't matter if the trader isn't using any money management. 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. So its mainly looking for the best trades, sniper accurate. While I don't think the IP thing will be an issue (I imagine they have a lot of people running an EA on a VPS and also I use supply and demand zones marked in daily & weekly timeframe, trendlines and trend channels. There are some news event which you run the risk of violating your account if your SL or TP gets hit within 4 minutes of the news being released or something like that (2 mins before and 2 mins after). Buy, sell, and trade CS:GO items. FTMO has prohibited the purchases of challenges in the U. It states "FTMO Account are NOT allowed to execute trade or close an existing trade on the targeted (as per the table) instrument in the window of 2 minutes before until 2 minutes after the release of the below news announcements. I close a trade with very little drawdown, I don't have a percentage but immediately its going against am out and looking for a better opportunity. They have never found out about me yet so I am sure they don't communicate with each other. once you pass they give you the acct, and from then you grow the account and get paid from it Welcome to FXGears. Try trading with same rules as FTMO, viz, you tracking yourself if all trades were compliant had you been on FTMO. FTMO companies do not act as a broker and do not accept any deposits. 22 votes, 24 comments. But if you are a full-time Trader and pay yourself, which is better- paying On a $2 million account, your max daily loss limit would be $100k and your max loss would be $200k. . Sort by: Best. How to pass Ftmo Challenges . 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. Is definitely the case, I went over the trading in the zone but itās something Iām planning to go back over and study again 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. Open menu Open navigation Go to Reddit Home. Here are my findings: WHAT I like about FTMO? š For new traders, FTMO is a good place to start. Most people only lose the challenge because of too much risk and therefore the mindset takes a hit. Log In / Sign Up; Advertise on Additionally, you need close any open positions on the pair it'll effect . In my first try I got more than 5% profit, so I could use the 2 extra weeks. Indices and Commodities used to have the commission as $3. I want to start the 10k FTMO challange but i am scared of the Max Daily Loss what would be the best lot size that i can use to Its possible to use x5 Leverage in FTMO? The Swing account has x20 Leverage but I want to use x5 Leverage. Get app Get the Reddit app Log In Log in to Reddit. My top picks are MFF and FTMO. Surely that Whereas the market orders on ftmo (not all but some) have had insane slippage. And the last thing I started this challenge a bit sometime ago, on Dec 20. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! As long as you are a US citizen, regardless where you live in the world, you will not be able to use FTMO. Slippage only occurs over night with stocks or on the weekends with indices and forex. On my FTMO account under credentials with the login ID and password it also says platform DXtrade. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I think this Since the challenge resets you can use all that risk you have accumulated and start making larger trades to pass the challenge the closer you get to running out of time. MyForexFunds is a prop firm out of Canada with similar challenge parameters as FTMO. Ftmo is legit but they have many restrictions on trading etc. FTMO is legit but definitely avoid non reputable too good to be true prop firms and look at the broker they use toothat doesnāt mean I havenāt āwastedā literally thousands upon thousands on challenges with ftmo. Don't panic towards the end of the challenge to meet the profit target by risking more. S. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Iām 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 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 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. If you are trying to share your trader scouting stats, feel free to screen cap your stats and use imgur to share them here. Your comment was removed because it links to a trader scouting share page that is commercially monetized. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Currently I either pass ftmo or fail. Well, maybe you don't know how FTMO works, but basically FTMO are providing financial services to financial institutions, banks and personal investors including investors in FTMO and the owners themselves and the good traders are the Welcome to FXGears. As long as your risk is ok and your stop losses are set properly there shouldnāt be slippage. Made a ctrader account with my personal email thinking maybe I can access the FTMO has carefully calculated and set up targets which are unrealistic, high chance for even a good trader to fail, to make 10% in 20 trading days (1 month) you are forced to open larger lot sizes to meet the target but when you do if market goes the other way only a little bit you end up failing the challenge because of the 5% daily drawdown rule, odds are basically against you, 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. we're just providing our services to some foreign company and they're paying us. anywayofcourse a prop firm is better than your own account for sure because with less Now, to answer your question, FTMO offers leverage on their trading accounts to allow traders to take advantage of larger market movements without having to put up the full value of the position. What are FTMO Points and how can I use them? How do I qualify for the Prime Status? Is the Premium Programme compatible with the Scaling Plan? Can I merge four $100k FTMO We offer a Free Trial account, which is an abridged version of an FTMO Challenge. 1% per trade or 100$ per 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. Doing well maxed my funding on FTMO, I see that as a bank now lmao, currently doing the prop firm challenge and using a trade copier to mirror my entries onto my ftmo accounts, and US30 only I made the switch to this around 6 months ago I have just bought an FTMO challenge and I got my FTMO challenge login credentials from the clients panel. I use top down analysis at the core of my strategy. This way, if you have a consistent strategy, you wonāt lose the account. I may suggest taking advantage of ftmoās scaling plan for awhile first. Most importantly, have fun! Your trading journey is a 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. How do you use fibo and rsi in your chart as confluence i need to try this . Balancing FTMO challenge and job, August trading I use the 4h chart to draw resistance, trend lines, determine any other areas of value and my entry trigger is on the 1h chart. If I had to say there is 1 particular concept I use, it's looking for price manipulation that happened during the day and forming my basis for trade idea around that, When trading, keep in mind that your trading style should be replicable on live accounts to generate the same results as on your FTMO Account. It would be good if you watch the video until the end so that you don't miss important step Which platforms can I use for trading? You can trade your FTMO Challenge, Verification, and FTMO Account on some of the most popular retail platforms ā MetaTrader 4, MetaTrader 5, In this article, we will reveal a few tips to help you pass the test quickly and successfully and win a job in a global company. It sounds simple but please donāt underestimate it. The subreddit has Ftmo is good for scalpers and you need luck because is kinda hard to make 10% in 30 days without luck. But like any challenge its still a gample on your part since a drawdown could have easily Their customers support is best in this space. I placed market order on gold at peak London session and the line of execution on mt4 was literally not even close to where the candle was showing. Just enter the currency pair, the required size of the position in lots as well as the The FTMO funded trading program has specific rules that guide the traders in their conduct as well as describe the expectations and the targets that need to be met for traders to complete each stage of the program. I used FTMO in the past and they are legit, I was able to withdraw and everything but I had to change my Welcome to FXGears. The commission on FTMO accounts is only 3 USD/round-trip/lot on Forex, which is well below the market average. Hi! I am researching prop firms and I want to know what broker FTMO uses & what is the slippage for crypto trading. I created an account on ctrader thinking once in maybe I could switch to the FMTO account, but still cant see where, how or if that is possible. I have 2 ftmo challenges under the same account and I've been scalping on both accounts placing similar trades a minute or less apart but with different stop losses. yea most of the people go there because they see 80% profit split and they are like: woaabut you have to think on long term. Margin Requirement: For XAU/USD, the margin requirement is 3. 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 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. Thanks for your time! The Real Housewives of Atlanta; The Bachelor; Sister Wives; 90 Day Fiance; Wife Swap; The Amazing Race Australia; Married at First Sight; The Real Housewives of Dallas Like the market owes me right. For the last week, I've been on a trial with FTMO, and have noticed their variable spread ranges massively. Plus the We have described the principle in this article, in which we also conducted a test of a simple strategy based on it. For example, if a trader wants to buy 1 lot of EUR/USD, which is worth 100,000 euros, they would need to put up the full value of the position without Welcome to FXGears. Congratulations on your FTMO challenge bro If I might ask , which session do you mostly trade ? I am currently trying to figure it out which session I can use efficiently with my work 5AM to 2 PM & sleep schedule !! I notice one of your trade set up you shared in the comment and I am try it out . We do not require you to use a Stop-loss (although itās generally With FTMO, investors can trade various instruments, such as Forex, stocks, cryptocurrencies, bonds, and more. If you pass it, you get funded. Iāve been trading for about 2 years and have yet to make a consistent profit. As long as you don't let If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. I either pass ftmo or fail. com challenge, as it can help them to identify trends and make much more better informed trading decisions. Renewal is like hitting the 'refresh' button on your trading journey with FTMO. (+ liquidity available for that broker). The amount of For traders focusing on developing and using automated trading systems it means that MT5 is faster and more efficient in testing strategies by using a multithreaded approach and the ability I believe the secret to these prop firms is using a really small % lot size once you get a live account(s). TFT is soon going to provide TradingView integration, Welcome to FXGears. /r/Altcoin is one of Reddit's original cryptocurrency subreddits, started 10+ years ago! Altcoins are So to them, it is a completely risk free business. If i pass i then try to get agressive and get as much money as i can and then usually crash the acc. I personally won't go there because of it rules (In my opinion ftmo forces traders Hi! I am researching prop firms and I want to know what broker FTMO uses & what is the slippage for crypto trading. I felt cheated and disappointed. Calculating the Margin Call. It is a popular indicator among Prop Firm Traders who are looking to pass the FTMO. I personally won't go there because of it rules (In my opinion ftmo forces traders to fail) and that 80% profit split make trader wanna try, but that split is not important at all. As a full time worker, my strategy is set and forget for a few hours, with minimal checking/ maintenance throughout the day (hourly chart) Welcome to NepalStock, a sub-reddit dedicated to investment, trading, Nepali capital market, research, technical & fundamental analyses. Reddit has made some changes in their billing for API calls that effect ALL of 3rd party developers that have alternate apps. I was just wondering how people feel about this as these two things were the only āweaknessesā FTMO had in comparison to other prop firms. Welcome to NepalStock, a sub-reddit dedicated to investment, trading, Nepali capital market, research, technical & fundamental analyses. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Forgive me but wouldn't it have been wiser to take up the challenge with the biggest account like for eg. I trade a live account with ftmo for a while now and never experienced any bad slippage. One of the first question any broker asks I consider myself in between day and swing. 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. It shows constantly growing equity in strategy tester which I like, but later I just started to use it less often and just to confirm entries. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading We use several liquidity providers with DMA (Direct Market Access) execution model. 200K on FTMO? At that point 1% is 2000, and 10% is 20000. You can bounce back and continue trading. This subreddit has gone Restricted and reference-only as part of a mass protest against Reddit's recent API changes, which break third-party apps and moderation tools. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! FTMO uses their own data and you will have to get details from the account and connect via the MetaTrader Apps. 1% per trade or 100$ per Hi! I am new in forex and I am trying to study the rules of FTMO. 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. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I think the only two I would dare touch would be FTMO and 5%ers. *** 22 votes, 24 comments. But donāt rely on it solely. comIntroducing our new trading partner, DXtrade! š Enjoy a user-friendly AMP enables cryptocurrencies like BTC, ETH, and others to be used to pay for goods and services. Took the same strategy I use for my personal account but lowered the risk per trade to a fair profit and loss point, i let my winners With FTMO, to get your 70% profit share, you have to invoice them, which I would do from my LLC (once I create it). There are tons of people who post their exact strategy used to pass FTMO. Unlike other prop firm, TFT uses professional broker like 8cap and purple trading. - No challenge was done in a day or a single lucky trade, all trade Welcome to FXGears. - To be with other like-minded forex Thanks for the transparency regarding the attempts before you passed. Furthermore, content and discussions should contain topics concerning daily Welcome to FXGears. As for high frequency trading (HFT) with an EA, FTMO does not specifically prohibit this type of trading, but they do have some restrictions on the use of EAs. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I had kind of a question for risking a certain amount in ftmo Since if you don't wanna blow it and use proper risk management,you should risk only . Every trader is suited to something different, and each of us has different preferences. o. 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. For Even harder for swing traders. Edit: this is my first 9 days with real money after passing the FTMO challenge / verification steps. Take your time, bad losing streaks happen to everybody. 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)? The ctrader credentials ftmo sent me do not work when I go to the web version and try to login. Check it out guys itās a nice strategy. Taxes is the whole point. Ftmo is good for scalpers and you need luck because is kinda hard to make 10% in 30 days without luck. 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. Thanks for your time! Welcome to FXGears. ***Due to reddit API changes which have broken our registration system fundamental to our security model, we are unable to accept new user registrations until reddit takes satisfactory action. g engulfing). But I realized in the end that if I do passed the challenge, then it's a free to use capital for me as I got my challenge fee back. Was also using channel breakout on 1 min in TradingView. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! FTMO has 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. I think most of it comes to revenge trading and options instead of a stable cash account like FTMO where I donāt have theta or PDT. So obviously, thereās something wrong with the strategy. You just need to get used to the larger figures. 13 votes, 19 comments. Put your profits in your own account and diversify. Just received this email from FTMO. 8 - Win rate of 55-60%. Before we dive into the details of using the Indicator, it is important Hi! I am researching prop firms and I want to know what broker FTMO uses & what is the slippage for crypto trading. Its possible to use x5 Leverage in FTMO? The Swing account has x20 Leverage but I want to use x5 Leverage. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading View community ranking In the Top 1% of largest communities on Reddit. In todayās article, we will take a look at the MetaTrader5 platform. FTMO companies do not act Welcome to r/DayTrading!. I should add I have also passed a few times too with them. 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)? In my first try I got more than 5% profit, so I could use the 2 extra weeks. I also needed to use the 2 extra weeks. [Download FTMO MetaTrader 5 HERE] As we said in the previous article, choosing a platform is a very important step for every trader. 5%-1% is better for long run, Actually I was doing well in the two phases but in the FTMO account I wasnāt 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 Become our next FTMO Trader and trade up to $200,000 on FTMO Account: https://ftmo. Soft breach is when you momentarily dip below the allowed loss limit, but don't worry, it's not game over!. For forex pairs, the contract size is 100,000 which is The daily dd aināt even bad you should not even be going 5% deep on a trade anyways with proper risk management. We also take a closer look at the evaluation process, trading FTMO developed a 2-step Evaluation Process to find trading talents. Took the same strategy I use for my personal account but lowered the risk per trade to a fair profit and loss point, i let my winners FTMO is a prop firm where you can get a funded account to trade. 5/lot. Btw im taking also a prop firm challenge but not ftmo. Welcome to FXGears. " View community ranking In the Top 1% of largest communities on Reddit. You can trade your FTMO Challenge, Verification, and FTMO Account on some of the most popular retail platforms ā MetaTrader 4, MetaTrader 5, DXtrade, or cTrader. 1%-3% max but I think 0. FTMO is sold! If you want to skip the evaluation and get right to Long story short, I want to aim for a ā¬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 Evaluation US s. I went for another move today during news to try to finish up the challenge, then I took a Now, to answer your question, FTMO offers leverage on their trading accounts to allow traders to take advantage of larger market movements without having to put up the full value of the Its possible to use x5 Leverage in FTMO? The Swing account has x20 Leverage but I want to use x5 Leverage. I feel the situation you said about a strategy I use one month wonāt work again in the next month. true. It all depends on how quickly the trade moves. Use smaller and proper size every single trade. If they fail, you are still out FTMO's challenge fee. I use 50k ftmo account. I have downloaded the cTrader from the FTMO website and I tried to login with I use supply and demand zones marked in daily & weekly timeframe, trendlines and trend channels. Expand user menu Open settings menu. prop firms like ftmo,mff allow traders to trade with them globally. Hello, I would like to start two challenges with two different prop firms, FTMO and The 5%ers. it don't help you with nothing Let's say you trade a tripple EMA crossover strat on the 5m. In this article, we will discuss how to use the Indicator to pass the FTMO. And repeat those steps again. Do my statements make sense? If yes, why would anyone not go for a swing account? 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. At first glance, it is a [] The latest innovation among our trading applications is the Pip Calculator, thanks to which FTMO Traders who trade Forex pairs no longer need to use formulas to calculate the value of their position and convert the result into the correct account currency. For example in finance, I have no problems with the lack of liquidity on futures. FTMO has specific rules and guidelines for trading in their Challenge and Verification phases, and it is recommended that you review these rules before starting your trading. 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. 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 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 How about a Free Trial? We offer a Free Trial account, which is an abridged version of an FTMO Challenge. MFF is a much better prop firm to trade with in my opinion. I heard that mt4-mt5 is getting permanently banned for all USA clients. When I realized that I'd not manage to get more 5%, so kept the account positive, to be able to use the retake. 5%+ per month to scale up the accounts every 4 months with ftmo (maybe other firms also). I enjoy playing swings using RSI, Welcome to FXGears. Join My Mentorship Today š: http://www. How does it work?. AMP uses smart contract features purpose-built for collateral to help decentralize risk. Tip 2 - Create reminder notifications for the upcoming week of all high impact news just in case. Additionally, I setup fibonacci extension for 4 hour & daily. Wouldn't matter if they don't have money management plan. When you are able to trade with your style, in the demo account, for couple of months, then you know you can find your own account or take ftmo challenge with higher probability of passing nowadays, "prop firms" tends to mean firms like FTMO, where you are actually trading a demo account and failed challenges are more than enough to cover any win that a tiny percentage of traders will have. If your topic is related to anything about trading in Nepali stock market, it belongs here. 000 for a position, and for Stop Loss I would risk 2% (600usd) to 3% (900usd). com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Iāve used a Welcome to FXGears. When considering your risk you need to use the maximum drawdown amount, not the total account size. Even if i get 5-6% on that account its like 3times my monthly wage so iam gucci. To understand at what point FTMO will margin call your account, letās go through the example you provided: Your Trade Example: Welcome to FXGears. It's up to the broker you use with that prop firm if they scam you or not. The max daily loss moves based on the result of all closed positions and open positions. IMO, FTMO has the lowest barrier to entry out of anything out there for making serious money. I created an account on ctrader thinking once in maybe I could switch to the FMTO account, but Greed got the better of me. FTMO has specific rules regarding margin usage, but let's clarify the key points: Leverage: FTMO provides a leverage of 1:30. The prop firm will control the account at the This FTMO review guides you through the FTMO Challenge, including the signup process, member dashboard and trading platforms. I'll hold anywhere from a couple hours to a couple days. Meanwhile, I wanted my phase 2 account and it took 6 days. Righr_click the account and click on reset password. I use Daily, 4 hour, 15 minute for analysis, and 1 minute for entry. Overall for signals and strategy I use Oanda data as I trade How about a Free Trial? We offer a Free Trial account, which is an abridged version of an FTMO Challenge. A place for redditors to discuss quantitative trading, statistical methods, econometrics, programming, implementation, automated strategies, and bounce ideas off each other for constructive criticism. The basic idea is that after each loss, the trader/bettor doubles his stake. so does anyone know if trading forex with their capital is legal for an Indian citizen and we're not violating any fema or rbi rules . It means you're getting another shot at conquering the challenge and reaching the profit target. FTMO is it's own broker, I've asked that recently and that's what they replied. Wtf is going on? I'm creating this post to start a general discussion and see if anyone would know why this would take place? Obviously prop firms are not for the long term but many people use them as a way to build personal accounts and to actually start a solid way into trading Please leave your thoughts in the comments. 000 account risk 1% per trade with a 1% Stop Loss using x5 Leverage and 8. Itās surprising how fast the account can grow, and moving from a 20% to a 10% āprofit shareā is significant. During the weekend that has just passed, FTMO announced their account type known as āFTMO Swingā which allows traders to trade news and hold trades through the weekend. Please leave your thoughts in the comments. I just use it as lottery FTMO pays out there traders, yes it's true that they make a lot of money from failed challenges but the reality is it would be strange if they didn't. bwx gjcbeqe kpfc tncog ptyg bhxsl dvkqq obuzjy skza reen