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FTMO - For serious traders

  • #101
  • Nov 6, 2017 8:25pm Nov 6, 2017 8:25pm
Quoting profitfarmer
{quote} you call yourself full time trader on your profile...trading since 2012.

Please also note,
I dont have any Yellow card or Red card like you...
  • #102
  • Nov 6, 2017 11:52pm Nov 6, 2017 11:52pm
Quoting rajancr
{quote} Please also note, I dont have any Yellow card or Red card like you...
The " yellow card or red card" has no meaning on actual trading.
Non at all!
there is always, always another trade!!
  • #103
  • Nov 7, 2017 1:23am Nov 7, 2017 1:23am
Quoting profitfarmer
{quote} ever think that if you have the capital to invest + you have the spot on analysis, why would you not invest it yourself? if DAX or other analysis so spot on, it is easier to trade your capital and keep 100% profit, vs giving out your capital. these type of prop offers are carrots on a stick. nothing that you cant do with your 28k personal capital ( vs the 40k given) without being fully restricted...if you know what you are doing. dont have 28k? woudl you have 300-400$ instead to keep jumping hoops, and lose all in a blink by having 1% extra...
Hello profitfarmer,

Thank you for your post. I really do not want to argue with you, but I need to write my opinion.
I understand that if you are a great trader and have enough capital of your own, then the FTMO is not for you. And that is ok.

Our project is ideal for experienced traders without capital or for experienced traders, who just donīt want to risk their own money.
We are also a smart choice for some very successful individuals, who are successful in a different business then trading. We have quite a few traders, who lost 100 000+ USD of their own money. Are they with us for capital? No, they are with us, because we give them very reasonable boundaries how to trade (our Trading Objectives) and we analyse their account every month. When they are ready to trade their big account, they leave. What I want to say is that if someone is looking to open a big account it is reasonable to first try our Challenge.

You are saying that we are not looking for successful traders, but it is exactly what we are doing. Collecting fees is not why we founded this project.

Otakar
FTMO.com / Funding for serious trader
  • #104
  • Nov 7, 2017 1:57am Nov 7, 2017 1:57am
Good morning/afternoon everyone,

for traders interested in our Dax Pre-market analysis, just click here: https://ftmo.com/en/dax-7-11-2017/


Otakar
FTMO.com / Funding for serious trader
  • #105
  • Nov 7, 2017 2:24am Nov 7, 2017 2:24am
Quoting TraderOtakar
{quote} Hello profitfarmer, Thank you for your post. I really do not want to argue with you, but I need to write my opinion. I understand that if you are a great trader and have enough capital of your own, then the FTMO is not for you. And that is ok. Our project is ideal for experienced traders without capital or for experienced traders, who just donīt want to risk their own money. We are also a smart choice for some very successful individuals, who are successful in a different business then trading. We have quite a few traders, who lost 100 000+...
hello
and i dont want to argue, neither.
you biz has merits, and at least one party is making good money on it.
but i dont like when you contradict yourself in the marketing neither.

a good trader(not great) still could use more capital, always.
but it matters what the real chance of the capital, how many extra hoops a good (or great?) trader has to jump thru to get that capital, and what the chance to stay with that capital. and not to forget, the cost of gaining that access to.
because, be clear, you arent looking for the great traders to give your capital for them. or the really good one.

if someone is experienced trader, that experience ( and for the topic lets just count profitable experience!!) most case means they gained capitals. if the experience means that they grow a 100$ acct to 500$, great, but that wont give much a chance to plow in 400$ into a trial, and a second part of trial...i think that math doesnt add up.

and experienced trader who doesnt want to risk his/her money, is not really an experienced trader. it is all so easy to make decisions on someone else's money, while trading demo account...our commercial section is full of these demo or screenshot warriors.
why would any experienced trader pass on to have his/her "skin" in the game, when return on own capital is 100%?
i believe you know these, but wont go well with the marketing, so, they upfront your cost for a dream. but not what experienced traders would do!

if someone has the experience, a losing one, and lost up to 100k of their own capital...ie. proven losers....is that the experience a serious investor/prop firm would looking for to back? if you answer with an honest yes, case rested.
there for the boundaries, and limits: interesting take. so, they not there to make money, just need a glorifies demo trading and a watchdog?
if a trader is good/great/experienced he should have the discipline already to keep at least certain limitations ( else probably not be consistently profitable the first place)...
this part with losing traders sounds more like a mentor program. for 400$. sounds ok, if advertised as such. but it isnt.

if you would look for a successful trader, you would have probably:
ask the trader to sign up with a live acct.
ask the trader to take your challenge with his/her live account, then with a small live account of yours.
fund a trader who pass the challenge, progressively, without upfront fees, maybe even if the payout scale would start slightly lower too.

but anyway,
all in all it is good to have some "services" around, and as i said, at least one side is making good money on this deal. you.
if this suits a dreaming, unprofitable newbie to throw on a demo 400$, it isnt worse then any stupid and useless forex "education' courses out there.
and if it attracts a losing trader who hopes that they can lose now someone else's capital...guess it is "smart" choice to take advantage of them too.

the post is only intended to give a balanced view for those who not sure what these type of "prop trading" is all about.
trust me, i wish it would be for "funding for serious traders", because i consider myself a serious trader, and i always consider a good funding option.
happy trading!
there is always, always another trade!!
  • #106
  • Nov 7, 2017 4:39am Nov 7, 2017 4:39am
To all the doomsdayers & naysayers I believe this company should be regarded as innocent until proven guilty.

I regard myself as a better than average trader & yet the "Rules" given wannabe funded traders by FTMO have already put the icing on my highly profitable trading strategy. Especially the max' daily loss.

The way I look at it is. Why should I tie up my own money when I can trade theirs for free.

Sure, there will be many wannabe traders who think they better than they are fail the challenge at their cost. FTMO are in a win win situation, but they are providing a platform for traders able cut the mustard to make money they would never have had the means to do otherwise.
Conventional trading is for losers
  • #107
  • Edited 6:02pm Nov 7, 2017 11:22am | Edited 6:02pm
Quoting Ralffe
To all the doomsdayers & naysayers I believe this company should be regarded as innocent until proven guilty. I regard myself as a better than average trader & yet the "Rules" given wannabe funded traders by FTMO have already put the icing on my highly profitable trading strategy. Especially the max' daily loss. The way I look at it is. Why should I tie up my own money when I can trade theirs for free. Sure, there will be many wannabe traders who think they better than they are fail the challenge at their cost. FTMO are in a win win situation, but...
I will try it too even im not happy with the double test and the high fees= you need to pass the verficacion ,after you allready passed all the rules.
i started a free demo for now.
As with any system or strategy, it is not 100%
  • #108
  • Nov 7, 2017 11:39am Nov 7, 2017 11:39am
Quoting alicia19
{quote} I will try it too even im not happy with the double test= you need to pass the verficacion ,after you allready passed all the rules. i started a free demo for now. {image}
What would you do, before you allow some stranger to trade with your money? Wouldn't you make sure twice or even thrice that the trader wasn't just lucky and / or used a high risk stragety? I surely would.

If you really want to trade with their money, you have to be consistently profitable anyway. Otherwise you will lose the opportunity. So what is a double test compared to this? If you can pass the test once, you should be able to pass the test twice. Why the hurry?
  • #109
  • Nov 7, 2017 12:09pm Nov 7, 2017 12:09pm
Dear Company do you accept crazy trader

BTW , am that crazy since 4th Oct
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  • #110
  • Nov 7, 2017 1:32pm Nov 7, 2017 1:32pm
Quoting abusaad412
Dear Company do you accept crazy trader BTW , am that crazy since 4th Oct {image}
Good evening Abusaad412,

I have checked your Free Trial, where you exceeded Maximum Daily Loss several times. With this style of trading you wouldn't pass the Challenge so I don't recommend you to participate. Hovewer, I'm not saying that your style of trading is wrong .

I wish you just the best!


Otakar
FTMO.com / Funding for serious trader
  • #111
  • Nov 7, 2017 8:06pm Nov 7, 2017 8:06pm
Quoting abusaad412
Dear Company do you accept crazy trader BTW , am that crazy since 4th Oct {image}

I already mention about your DD
  • #112
  • Nov 7, 2017 9:53pm Nov 7, 2017 9:53pm
loool every one talked about the DD 8%

but no one said any thing about the win rate & the net profit made during 2 days

whatever ,, have fun guys
  • #113
  • Nov 7, 2017 11:06pm Nov 7, 2017 11:06pm
Great work abusaad........... bottom line is about who can make the most money............DD keeping it that low is just icing on the cake sir............Congrats
  • #114
  • Nov 8, 2017 12:54am Nov 8, 2017 12:54am
Quoting abusaad412
loool every one talked about the DD 8% but no one said any thing about the win rate & the net profit made during 2 days whatever ,, have fun guys
When u run your trading for a couple month, you will probably find that the worst DD is yet to come, and haven't been this 8%...
Secondly, maybe your worst dd on closed trades not equal actual working worst dd.
And last, if a set of rules given, the point is: can you stay within those point you signed up on?

But yes, your results are very good, and I hope the equity is secured mostly in case of an adverse move....unlikely to keep this growth long, but on the positive side you won't need to wait very long to have a huge pot of money if you do for a while.

Quoting amfels07
Great work abusaad........... bottom line is about who can make the most money............DD keeping it that low is just icing on the cake sir............Congrats
Wrong approach.
If you are out trying to get funded, or find investors ( serious ones), then DD% is everything.
Most will be at least that interested, if not more, how much try can lose, than how much they can win!
there is always, always another trade!!
  • #115
  • Nov 8, 2017 1:04am Nov 8, 2017 1:04am
Sir Otakar, I like money!

Give me money, now! For I trade!

I trade for you!

I trade for me!

For you and me?

Makes you rich! Very rich!
Maadik Hugiis. IQ 69.
  • #116
  • Nov 8, 2017 1:52am Nov 8, 2017 1:52am
Good morning/afternoon everyone,

for traders interested in our Dax Pre-market analysis, just click here: https://ftmo.com/en/dax-8-11-2017/


Otakar
FTMO.com / Funding for serious trader
  • #117
  • Nov 8, 2017 3:50am Nov 8, 2017 3:50am
I like the part where profitfarmer point out straightforward everything that doesn't make sense and what FTMO is yet the very next post someone still want to believe otherwise and thinking they really fund you real and pay off 70% of profit.


And seriously who cares about the DD in their own account as long as they make money. If your monthly gain is 100% and your DD is 8% that doesn't make him risky trader. I mean come on now, how many of you are hedge fund managers worried to report investors about 8% DD. Abusaad has proven his success at least with what we can see. But criticising about his DD is totaly wrong approach. If he would reduce his positions size by 1/4th it would be 25% return with 2%DD happy now?

That would be my one and only msg. I don't want to keep this tread on the top of commercial list with my posts.
  • #118
  • Nov 8, 2017 4:18am Nov 8, 2017 4:18am
Quoting TraderOtakar
{quote} Can you please tell me all the in and outs about the fee that peoples muy pay to test a demo before and after beeing funded?if i fail i can try only if i pay for a new demo?any maintenimientos fees?
Hi Alicia19, here are all the in and outs about the fee structure. We have two products: Free-Trial, Challenge. Free-Trial - no fee and no possibility of getting funded. - you can get used to the Trading Objectives. - you can try all our applications. - you will receive a brief Account Analysis. Challenge - there is a fee for the Challenge. - there are no other fees at all. - if you successfully meet the Trading Objectives of the Challenge you proceed to the Verification phase. - the fee is refundable, when? - the fee is refundable with the first profit withdrawal. - so if you succeed in the Challenge and Verification phase and you make money when you manage our capital, you are in it completely for free. - can you repeat the Challenge for free? - if you meet all the Trading Objectives except for the Profit Target and your account balance is positive. In this case, you will receive a new Challenge for free. - What happens, when you violate any of the Trading Objectives of the Challenge? - you are not eligible to manage our capital and if you want to try again, you need to purchase new Challenge. Second step of the Challenge: Verification - no fee - if you meet the Trading Objectives of the Verification phase you will manage our capital and become the FTMO trader. - we cover the losses and you receive 70% of the profits you make. - What happens, when you violate any of the Trading Objectives of the Verification phase? - you receive a new Challenge for free. Final word - to complete the Challenge and Verification phase you must be an advanced trader. It is not easy! - try the Free Trial first. You can register here. - if you need anything, do not hesitate to contact us. - the Funding process is described here. Otakar FTMO.com / Funding for serious trader[/quote]
=========================================
i sttoped trading my demo.That distract me from trading my real money account.That is why i said that is vry stupid to double test a trader . i succeed in the Challenge in less thant 30 days,then you want me to waste another month i trying to pass the Verification phase a new demo in less thant 30 days
good bye,until you change that second test.
As with any system or strategy, it is not 100%
  • #119
  • Nov 8, 2017 7:59am Nov 8, 2017 7:59am
Quoting alicia19
{quote} Hi Alicia19, here are all the in and outs about the fee structure. We have two products: Free-Trial, Challenge. Free-Trial - no fee and no possibility of getting funded. - you can get used to the Trading Objectives. - you can try all our applications. - you will receive a brief Account Analysis. Challenge - there is a fee for the Challenge. - there are no other fees at all. - if you successfully meet the Trading Objectives of the Challenge you proceed to the Verification phase. - the fee is refundable, when? - the fee is refundable with...
========================================= i sttoped trading my demo.That distract me from trading my real money account.That is why i said that is vry stupid to double test a trader . i succeed in the Challenge in less thant 30 days,then you want me to waste another month i trying to pass the Verification phase a new demo in less thant 30 days good bye,until you change that second test.[/quote]

Hello Alicia,

the Challenge and Verification can be passed both in 10 days, so in the ideal case you need to trade 20 days, which I hope is understandable.

Otakar
FTMO.com / Funding for serious trader
  • #120
  • Edited 8:27am Nov 8, 2017 8:09am | Edited 8:27am
Quoting TraderOtakar
{quote} ========================================= i sttoped trading my demo.That distract me from trading my real money account.That is why i said that is vry stupid to double test a trader . i succeed in the Challenge in less thant 30 days,then you want me to waste another month i trying to pass the Verification phase a new demo in less thant 30 days good bye,until you change that second test.
Hello Alicia, the Challenge and Verification can be passed both in 10 days, so in the ideal case you need to trade 20 days, which I hope is understandable. Otakar FTMO.com / Funding for serious trader[/quote]
10 Days is the minimal days to pased the demo #1 puls 10 extra days for demo #2 but it can take a trader more thant that up to 30 days when that demo expire in each demo what could take 60 days total.
who garantiza that in just 10 day you will make 4k for demo 40k?
PLUS other stupid rule r you are not just asking for 4k you are asking to make money 50% of the days ,wich mean that even if you make the 4k but you lose 51 % of the days you will need a new demo.
CHALLENGE 40
$40,000 initial capital
Trading Period30 days
Minimum Trading Days10
Positive Days50%
Maximum Daily Loss$2,000
Maximum Loss$4,000
Profit Target$4,000
Price: €345
As with any system or strategy, it is not 100%
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