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FTMO - For serious traders

  • #481
  • Jun 8, 2019 9:22am Jun 8, 2019 9:22am
Hi Otakar,

I was reading in your web that, normally speaking, your funded traders make between 4% and 7% profit (of which they get a 70%)
Do you think that is possible for a trader to obtain a 20% profit over a long run with a manual system (not algo)?
What is the % profit of your best funded trader?

Regards
  • #482
  • Jun 10, 2019 4:02am Jun 10, 2019 4:02am
Hi Casiopea,

thank you for your questions.

- Do you think that is possible for a trader to obtain a 20% profit over a long run with a manual system (not algo)?
I am sorry but I do not have an answer for this question, but If you work hard, everything is possible. As far as I know manual traders do a little bit better.

- What is the % profit of your best funded trader?
The best all time % monthly result was 70%. The best result in May was around 22%.

Otakar
FTMO.com / Funding for serious traders
  • #483
  • Jun 10, 2019 4:47am Jun 10, 2019 4:47am
Quoting TraderOtakar
Hi Casiopea, thank you for your questions. - Do you think that is possible for a trader to obtain a 20% profit over a long run with a manual system (not algo)? I am sorry but I do not have an answer for this question, but If you work hard, everything is possible. As far as I know manual traders do a little bit better. - What is the % profit of your best funded trader? The best all time % monthly result was 70%. The best result in May was around 22%. Otakar FTMO.com / Funding for serious traders
hi

something a bit less subjective question:
what is the % of traders who got funded and dropped out by loss limits( or other measures) being violated?
there is always, always another trade!!
  • #484
  • Jun 13, 2019 4:28am Jun 13, 2019 4:28am
Hi profitfarmer,

around 18% of traders do not make it to their first withdrawal. These traders are usually eager to start earning big money very quickly. This is a loss, which we cover.

[New Article] Many people are able to spend countless hours looking for that perfect strategy, but if they are not able to set up their minds the right way, they will never become profitable traders. This article is all about the last missing step.

Read here: Trading Psychology – How to build your psychological edge, not only technical.

Otakar
FTMO.com / Funding for serious traders
  • #485
  • Jun 17, 2019 8:27pm Jun 17, 2019 8:27pm
Greetings.

I have started trading since 2 years ago and these are my results.

Get back to me if you are interested to get me into your team.
Attached Image (click to enlarge)
Click to Enlarge Name: A9B0061E-F705-4CD4-9DFB-FF38DD53A9F5.png Size: 171 KB
Will always win Return Today: na
  • #486
  • Jun 18, 2019 8:53pm Jun 18, 2019 8:53pm
Hi Otakar and the FTMO Team.

I humbly want to thank you for what you have created with FTMO and what you are trying to do.

I've now undertaken 4 two-week free trial trading challenges and I believe I've gained an incredible amount of experience during this time. I've taken each one of them very seriously as all the trades have been copied from my live account to the free trial accounts.

Unfortunately, while my last challenge was my best yet, I can see going forward that the floating loss parameter that you so rightly set would just be a bridge too far given the way I trade. It is quite easy to see I have a high winning percentage but I still lack the experience to manage my floating positions as per the risk parameters.

I wish you all the best of success with your company and your future growth and of course your own personal trading.

Attached Image (click to enlarge)
Click to Enlarge Name: FTMO Results.png Size: 39 KB
Empty your mind and let the market guide you
  • #487
  • Jun 19, 2019 12:34pm Jun 19, 2019 12:34pm
Hello Otakar,

Does FTMO allow a trader to use an EA to trade during the challenge and also after being funded to manage allocated funds?
  • #488
  • Jun 21, 2019 9:07am Jun 21, 2019 9:07am
Happy Friday to everyone,

sorry for such a late reply.

Hi windyforce,
the funding process works only via the Challenge, which is a monitored demo account. Be sure to take the Free Trial first.

Dear SunnyCoast,
thank you for your kind words. We really appreciate it. This is the exact reason why we have the Free Trial without any restrictions.

Lastly Battousaib, Hi ,
yes, you can trade via EA in every stage.


Otakar
FTMO.com / Funding for serious traders
  • #489
  • Jun 23, 2019 4:58pm Jun 23, 2019 4:58pm
hi Otakar,

does ftmo take any cut from brokerage commissions? or are there any other ways you are benefiting from the trading cost?
  • #490
  • Jun 23, 2019 10:09pm Jun 23, 2019 10:09pm
Quoting alphadude
hi Otakar, does ftmo take any cut from brokerage commissions? or are there any other ways you are benefiting from the trading cost?
of course they will act like an IB to their own (or another entity) will act to the accounts as IB, a no brainer.
until it isnt a padded commission, and/or spread,
it has no real effect on the trader, only no added benefit of a cost reduction.
there is always, always another trade!!
  • #491
  • Jun 24, 2019 12:37pm Jun 24, 2019 12:37pm
Quoting profitfarmer
{quote} of course they will act like an IB to their own (or another entity) will act to the accounts as IB, a no brainer. until it isnt a padded commission, and/or spread, it has no real effect on the trader, only no added benefit of a cost reduction.
that is an issue then. It is a conflict of interest.

a true prop shop; does not benefit from transaction cost for its employees; it should reduce it so they make money.

Problem with this conflict of interest, FTMO is acting on the other side of the trader; picking up lollies here and there, until the trader bleeds to death.

It is evident however; from their enrolment process; where they charge $150 and above for traders to join their program; which does not make sense at all.

They are geared to destroy the trader from day 1.

This is a true *MARKET MANIPULATION*
  • #492
  • Jun 24, 2019 9:15pm Jun 24, 2019 9:15pm
Hi, alphadude.
I don't think they can strictly be classed as a prop shop. Their business model is more like that of Topstep, where one who wants to be given capital to trade pays a fee to be evaluated.
There are a number of firms in this category and--trust me on this because I've shopped around a bit -- I think that FTMO offers the best terms (e.g. refund of Challege fee for those who pass; 70% profit share, consultations with their in-house psychologist, etc). It also helps that I've seen no negative reviews of them in Forex Peace Army.
As for the conflict-of-interest issue you bring up, I don't see that as a problem AFTER you pass the Challenge/Verification and are taken in as a trader. Indeed, it is to FTMO's benefit if their traders make good since they'll have to absorb the losses if/when they occur. (Just choose the most trustworthy in their list of partner-brokers to use during the paid Challenge to be sure you get the best trading conditions).
If you must know, I've taken their 10k Challenge twice and will probably take it again....when the right time comes.
Amor Fati--F. Nietzsche
  • #493
  • Jun 25, 2019 3:21am Jun 25, 2019 3:21am
Hi everyone,

Even though you find brokers logo on our website, we are not directly recommending their services. We are an independent project and having a number of different brokers only boost our offering and mainly gives every trader a freedom to choose whatever broker or account type they prefer. As you can see, we have no referral links on our website, hence not collecting any brokerage commissions or provisions. Brokers in general are happy to cooperate with us as it's beneficial for them once trader gets funded and their services are exposed to wide audience of traders. As for now, we have received 0 USD in brokerage commissions.

Otakar
FTMO.com / Funding for serious traders
  • #494
  • Jun 25, 2019 4:16am Jun 25, 2019 4:16am
Quoting TraderOtakar
Hi everyone, Even though you find brokers logo on our website, we are not directly recommending their services. We are an independent project and having a number of different brokers only boost our offering and mainly gives every trader a freedom to choose whatever broker or account type they prefer. As you can see, we have no referral links on our website, hence not collecting any brokerage commissions or provisions. Brokers in general are happy to cooperate with us as it's beneficial for them once trader gets funded and their services are exposed...
hi Otokar,

that is interesting statement.
but something hard to believe.
would you be telling to the members here, that for example FTMO traders pay 7$ for IC markets, bcos ...
FTMO has 100s of thousands dollars on their account ( funded prop traders of a handful)...and still unable to negotiate a lower commission directly from the brokerage? ( this lower cost could directly benefit the trader and the firm, and split fairly).
or
FTMO is not smart enough to not sign up their account under a 3rd party ( preferable own principals owned) to receive anything, even though have 100s of thousands dollars at brokerages and probably enough volume generated by handful of prop traders to worth a couple 100s toward the expenses ( for nothing extra work really)?

and could use some silly brokers like purple trading charing up to 8-10$/RT/lot....and not that tight spread neither, or others...

seriously,
i was always thinking your firm is neat and smart enough,
but this would suggest that someone doesnt do its job there.
a direct commission discount could be negotiated for this balance sheet, 100% certain.
or alternative,
this is the official version.
either or, hard to believe your statement.
cheers
there is always, always another trade!!
  • #495
  • Jun 28, 2019 10:38am Jun 28, 2019 10:38am
I would like to clarify the funding process. If I meet all the targets but profit, I can another month free? How many months do I get free?
  • #496
  • Jun 28, 2019 12:53pm Jun 28, 2019 12:53pm
Quoting GodRa
I would like to clarify the funding process. If I meet all the targets but profit, I can another month free? How many months do I get free?
Unlimited! Really!
  • #497
  • Jul 1, 2019 4:14am Jul 1, 2019 4:14am
Quoting GodRa
I would like to clarify the funding process. If I meet all the targets but profit, I can another month free? How many months do I get free?

Hi GodRa,

yes, as long as you meet the requirements, you will get an account for free. There is no limit on the number of repetitions.

Hi profitfarmer,

we rather dedicate our time to upgrading our applications and services. There is so much happening that commissions are just not our priority. We will probably add referral links to a new partner section, but it is going to take some time. In order to compare brokers, we have already created a Broker review application, which I think is really good. You can see there are no referral links anywhere.
https://ftmo.com/en/broker-review/
I am the one dealing with brokers and it's not about not being smart not to deal commissions with brokers. As mentioned, it is simply not our focus and how we operate. Our brokers provide the infrastructure we need and in return, they hold our corporate accounts.

To ALL:

My colleague Khac Tu is hosting a webinar today with a topic 'Randomness and Probabilities in the Markets'. If anyone has time to attend, it would be nice to see you there. https://ftmo.com/en/webinar-randomne...n-the-markets/

Otakar
FTMO.com / Funding for serious traders
  • #498
  • Jul 1, 2019 4:22am Jul 1, 2019 4:22am
When you start your challenge (pay the fee) when does the clock start? Is it from when the first trade is placed? Sorry if this has been asked earlier but I have not been able to see the answer.

regards
maahome
  • #499
  • Jul 1, 2019 6:22am Jul 1, 2019 6:22am
Quoting maahome
When you start your challenge (pay the fee) when does the clock start? Is it from when the first trade is placed? Sorry if this has been asked earlier but I have not been able to see the answer. regards maahome
Hi Maahome,

thank you for your question. Yes, the time period starts with your first trade.


Otakar
FTMO.com / Funding for serious traders
  • #500
  • Edited 10:19am Jul 1, 2019 9:57am | Edited 10:19am
hi Otakar,

lets just leave it there then.

cheers
there is always, always another trade!!
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