You may read this article that would help you in your trading emotions:
https://www.investopedia.com/article.../02/110502.asp
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$1,000,000.00 and Beyond ft. FTMO 29 replies
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Dislikedhttps://www.youtube.com/watch?v=-cFOMsMADCA Hi Tomas do you have any thoughts on this? To sum the video, Jessica (owner of Funding Talent) has said that no prop firms copy funded traders trades at all and solely pay them from challenge fees/subscriptions. On the FTMO website here: https://ftmo.com/en/faq/how-does-acc...echnical-side/ it's stated that for funded traders our accounts are connected to your proprietary trading firm's live trading account with real capital. Is this still or has it ever...Ignored
Disliked@ftmo-thomas Can you once and for all shut up all the doubters and haters of ftmo, with some real proof that you are not only funding the funded traders on the fees? Can you do this somehow? Thank you.Ignored
Dislikedhttps://www.youtube.com/watch?v=-cFOMsMADCA Hi Tomas do you have any thoughts on this? To sum the video, Jessica (owner of Funding Talent) has said that no prop firms copy funded traders trades at all and solely pay them from challenge fees/subscriptions. On the FTMO website here: https://ftmo.com/en/faq/how-does-acc...echnical-side/ it's stated that for funded traders our accounts are connected to your proprietary trading firm's live trading account with real capital. Is this still or has it ever...Ignored
Disliked{quote} 2 firms have already proved what this guy and what jessica said is bullshit. First being Buoytrade with their trade receipts etc and second being myforexfunds who just posted a letter from their broker which confirms they have funds in the live accounts. FT loses credibility, but FTMO now needs to prove they are on the up and up as well i think. Industry is changing and the battle for traders has begun.Ignored
Disliked{quote} so the owner of FUNDING TALENT is lieing about the situation after being caught red handed ? and admiting the lie that is supposedely truth ?Ignored
Disliked{quote} 2 firms have already proved what this guy and what jessica said is bullshit. First being Buoytrade with their trade receipts etc and second being myforexfunds who just posted a letter from their broker which confirms they have funds in the live accounts. FT loses credibility, but FTMO now needs to prove they are on the up and up as well i think. Industry is changing and the battle for traders has begun.Ignored
Disliked{quote} 2 firms have already proved what this guy and what jessica said is bullshit. First being Buoytrade with their trade receipts etc and second being myforexfunds who just posted a letter from their broker which confirms they have funds in the live accounts. FT loses credibility, but FTMO now needs to prove they are on the up and up as well i think. Industry is changing and the battle for traders has begun.Ignored
Dislikedit is pretty clear FTMO works exactly like FUNDING TALENT, they run it just like a casino, 93% of traders that fail pay for the 7% that pass, but its even less than 7% as not all make it to payout, and also when a funded trader loses money, well, its just a demo account FTMO loses no money at all so its only a win for them, i say this is literally the definition of a pyramid scheme, the thing is to find out exactly when it will all collapse and if we are going to be able to exploit before it does. the fact that it went on for 5 years so far you...Ignored
Disliked{quote} 2 firms have already proved what this guy and what jessica said is bullshit. First being Buoytrade with their trade receipts etc and second being myforexfunds who just posted a letter from their broker which confirms they have funds in the live accounts. FT loses credibility, but FTMO now needs to prove they are on the up and up as well i think. Industry is changing and the battle for traders has begun.Ignored
Disliked{quote} Hey Takisd would it be possible to send the link where myforexfunds post a letter from their broker confirming their live accounts, if it's not too onerous? I haven't been able to find anything on their website or IG account. Also I'm not sure if you know this but it appears that Buoytrade has teamed up with FTMO to provide their funded program (although from their website, it appears that they operated in Singapore independently before joining with FTMO). I'm not sure what to believe, but I've passed a FTMO challenge already so I'm not...Ignored
Dislikedit is pretty clear FTMO works exactly like FUNDING TALENT, they run it just like a casino, 93% of traders that fail pay for the 7% that pass, but its even less than 7% as not all make it to payout, and also when a funded trader loses money, well, its just a demo account FTMO loses no money at all so its only a win for them, i say this is literally the definition of a pyramid scheme, the thing is to find out exactly when it will all collapse and if we are going to be able to exploit before it does. the fact that it went on for 5 years so far you...Ignored
Dislikedhttps://www.youtube.com/watch?v=-cFOMsMADCA Hi Tomas do you have any thoughts on this? To sum the video, Jessica (owner of Funding Talent) has said that no prop firms copy funded traders trades at all and solely pay them from challenge fees/subscriptions. On the FTMO website here: https://ftmo.com/en/faq/how-does-acc...echnical-side/ it's stated that for funded traders our accounts are connected to your proprietary trading firm's live trading account with real capital. Is this still or has it ever...Ignored
Disliked{quote} FTMO stopped using LMAX because they sucked. Spreads were atrocious. They have their own aggregate feed of LPs, there is no broker the accounts are held with. TBH, their spreads are better than ANY broker I've ever used. Under 1 on GBPAUD and GBPCAD.Ignored
Disliked{quote} That's weird, buoytrade is a white label/FTMO partner. How do they provide trade receipts if FTMO can't/won't? Don't know how the whole White labeling thing works... FTMO has about 2 or 3, buoytrade, FXGM or something like that. Traders Central Fund has Fx Seed. {quote} There's no reason to stop now..lol come on, you paid already. Finish up and make as much as you possibly can. These fears have been here since last year and the year before, somehow they keep still paying Traders. {quote} Everything is an assumption at this point. Maybe maybe...Ignored
Disliked{quote} lol, no they don't. They are a white label of someone, thats all. They just aren't offering retail costs.Ignored
Disliked{quote} Oh, so they are white labeling a broker, but providing the raw spread with no markup? Either way, best spreads I've ever encountered.Ignored
Disliked{quote} Ok fair enough. Did the free trial this morning out of interest pretty much tracking my live account. Whether or not they go live to market I don't know. They sure make money from the fees but what got me was the spread - it's more than double what I pay so they have to be making there too. {image}Ignored