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FTMO - For serious traders

  • #621
  • Aug 26, 2019 11:53am Aug 26, 2019 11:53am
Dear first of all you learn mathematics if you wanna write ten thousand then write in this format 10,000$ whatever package you have, you have to get 10% profit if your 10% profit is 1000$ then you will get 70% profit 700$ at the end of the month each month if you do same you will get same if you earning 20% then it will be 1400$ or as per your earning.............



REMEMBER THEY GIVE 70% PROFIT NOT 70$ OR 70 EURO....................
  • #622
  • Aug 26, 2019 3:18pm Aug 26, 2019 3:18pm
Quoting waqas3666
Dear first of all you learn mathematics if you wanna write ten thousand then write in this format 10,000$ whatever package you have, you have to get 10% profit if your 10% profit is 1000$ then you will get 70% profit 700$ at the end of the month each month if you do same you will get same if you earning 20% then it will be 1400$ or as per your earning............. REMEMBER THEY GIVE 70% PROFIT NOT 70$ OR 70 EURO....................
And imagine how far is he from sucesful trading ..
  • #623
  • Aug 27, 2019 4:15am Aug 27, 2019 4:15am
Quoting waqas3666
Dear first of all you learn mathematics if you wanna write ten thousand then write in this format 10,000$ whatever package you have, you have to get 10% profit if your 10% profit is 1000$ then you will get 70% profit 700$ at the end of the month each month if you do same you will get same if you earning 20% then it will be 1400$ or as per your earning............. REMEMBER THEY GIVE 70% PROFIT NOT 70$ OR 70 EURO....................
You are dead right!!
Confused the simbols on % and€

But letīs keep talking about whatīs important

Thanks
  • #624
  • Aug 27, 2019 6:12am Aug 27, 2019 6:12am
Quoting dnabrasil
{quote} this won't be a problem : you will not be a brokers client, ftmo is broker client, you will working with an ftmo account
So how can i trade without broker?
thank you : )
  • #625
  • Aug 27, 2019 6:17am Aug 27, 2019 6:17am
Quoting paroucia
{quote} So how can i trade without broker? thank you : )
you trade with an account that ftmo hold onto a broker
  • #626
  • Aug 27, 2019 6:21am Aug 27, 2019 6:21am
There are listed brokers on FTMO i think 5 or 6 you can choose whatever you want to go with like if you select ICMARKETS they will create demo for your challenge and after your succeed they will give you real same on icmarkets.....................




regards
  • #627
  • Aug 27, 2019 7:09am Aug 27, 2019 7:09am
Quoting TraderOtakar
{quote} Hi peterbabs, also thank you for your question and sorry for missing it. Many times, traders are trading larger accounts, but these are very strictly monitored. Your profit share is 70 % of your balance on the FTMO Account. This is all handled by our funding partner. Otakar
Thanks, Otakar, for the honest response.
Peter
  • #628
  • Aug 27, 2019 7:14am Aug 27, 2019 7:14am
Quoting waqas3666
There are listed brokers on FTMO i think 5 or 6 you can choose whatever you want to go with like if you select ICMARKETS they will create demo for your challenge and after your succeed they will give you real same on icmarkets..................... regards
Wilson told they give another demo and your trades a mirrored to real account, that look bit weard for me
  • #629
  • Aug 27, 2019 7:23am Aug 27, 2019 7:23am
who told you that, i am not trading with FTMo so i cant say anything about that, but it doesnt matter even if you are given demo and trades are copied to real account, but at the end of month your profit and loss will be as its is in ur demo account (you trade on whole month).... so then whats the problem,,, i dont think so they give you demo
  • #630
  • Aug 27, 2019 7:45am Aug 27, 2019 7:45am
Quoting waqas3666
There are listed brokers on FTMO i think 5 or 6 you can choose whatever you want to go with like if you select ICMARKETS they will create demo for your challenge and after your succeed they will give you real same on icmarkets..................... regards
My guess was what you said but dnabrasil said something that made me confused.
Thanks
  • #631
  • Aug 27, 2019 7:50am Aug 27, 2019 7:50am
Quoting paroucia
{quote} My guess was what you said but dnabrasil said something that made me confused. Thanks
hi, you should not be confused: you are not a broker client, your are trading in the name of ftmo;
once you become a funded trader you will trade with a demo account in the name of ftmo, as per the challenge and the verification, they will copy your trade and if you are profitable you receive your money!
it is so simple
  • #632
  • Aug 27, 2019 7:55am Aug 27, 2019 7:55am
Quoting wilson
{quote} Have just received their email with the real account information just now and have started trading with it now. Fyi, as they have put it upfront on their website what I am trading now although is still another demo account but the trades are mirrored to a real account of the same amount. The profit will be split as stated after 30 days. Fingers crossed
Hi mate can you update how is going on?
  • #633
  • Aug 27, 2019 9:55am Aug 27, 2019 9:55am
Quoting dnabrasil
{quote} hi, you should not be confused: you are not a broker client, your are trading in the name of ftmo; once you become a funded trader you will trade with a demo account in the name of ftmo, as per the challenge and the verification, they will copy your trade and if you are profitable you receive your money! it is so simple
Now I think I got it.
Thanks : )
  • #634
  • Aug 28, 2019 1:28am Aug 28, 2019 1:28am
someone my friend started and he ask me i have a confusion First challenge is 1 Month so if we complete Minimum 10days (from 1 august to 10 August target completed) so do we have to wait for 1 month completion or we can get Verification process after 10 days on 11 or 12 August...................
  • #635
  • Aug 28, 2019 6:33am Aug 28, 2019 6:33am
Do any one know are you aloud to keep trades over night over weekend?
  • #636
  • Aug 28, 2019 6:35am Aug 28, 2019 6:35am
Quoting techbabe
Do any one know are you aloud to keep trades over night over weekend?
During the Challenge, Yes.
But while you're a funded trader, No.
  • #637
  • Aug 28, 2019 6:37am Aug 28, 2019 6:37am
Quoting waqas3666
someone my friend started and he ask me i have a confusion First challenge is 1 Month so if we complete Minimum 10days (from 1 august to 10 August target completed) so do we have to wait for 1 month completion or we can get Verification process after 10 days on 11 or 12 August...................

Some who passed the challenge in 10days have reported starting verification next trading day.
You won't have to wait until the end of 30days.
  • #638
  • Aug 28, 2019 7:24am Aug 28, 2019 7:24am
Quoting peterbabs
{quote} Thanks, Otakar, for the honest response. Peter
Hi, peterbabs.

Is Otakar saying that some funded traders are actually functioning as signal providers, in effect, for larger accounts held at FTMO?
Amor Fati--F. Nietzsche
  • #639
  • Aug 28, 2019 7:56am Aug 28, 2019 7:56am
They just want to get your sign up fee.
Absurd demands to pass the test, you have to gamble.
Don't fall for it !
  • #640
  • Aug 28, 2019 8:05am Aug 28, 2019 8:05am
Quoting doji
{quote} Hi, peterbabs. Is Otakar saying that some funded traders are actually functioning as signal providers, in effect, for larger accounts held at FTMO?
Yes.
I imagined so. Or who gives 70% of profit made on an account size being traded to the trader? If you know what I mean.
That was why I asked. And he was honest enough to admit it.
The contract with the trader is on the size of account he subscribed to trade. So, they haven't done anything illegal.

Unfortunately, MT4 platform is laden with fraud. I understand that it is possible for prices to be manipulated, and worse still, for closed trades (Open and Closed prices) to be edited by an MT4 broker.
You can only hope there's no collusion with the brokers to do such things on the special demo account.

And when the volume following the trades taken by the trader is big enough to move the market, price will be going against him significantly after he opens a trade. ... which he didn't account for such volume, as he's unaware of it- the exact volume following him.
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