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FTMO - For serious traders

  • #921
  • Jan 3, 2020 7:18am Jan 3, 2020 7:18am
Wow. 300 funded trader in 2019 alone. Thats pretty big numbers. On average about 25 funded trader a month.

Been in FF for years but only come here for calendar.. Wish i knew about this 2 years ago. Instead of wasting money depositing again and again i would have develop different plan knowing there are other alternative.
  • #922
  • Jan 3, 2020 4:53pm Jan 3, 2020 4:53pm
Quoting c2v4l
Wow. 300 funded trader in 2019 alone. Thats pretty big numbers. On average about 25 funded trader a month. Been in FF for years but only come here for calendar.. Wish i knew about this 2 years ago. Instead of wasting money depositing again and again i would have develop different plan knowing there are other alternative.
300 funded traders. Wow. The missing number of interest is how many paid for the challenge? Between 6000 and 9000?
It is a big secret.
Instead of wasting money depositing again and again, now you have an alternative way of wasting money by paying for challenges again and again.
  • #923
  • Edited 11:53pm Jan 3, 2020 11:34pm | Edited 11:53pm
Quoting Harvestforex
Hi Traders! Happy New Year To You All. Here is my question seeking answer from you. If i take challenge today, can i start trading in next month of February 2020? then what will the end date? Is it possible? Please clarify.

The challenge period is counting from the first day you open a trade.

Why you take challenge today, but start trading in next month of February 2020?

If you trade medium and long term (which cause no good set up to open a trade within a month) you would take care about the rules:

- Only our FTMO Funded Traders are not allowed to execute any new trade or close any existing trade on the targeted instrument in the window of 2 minutes before to 2 minutes after the release of the below news announcements.
- On the FTMO Funded Account, we require you to close your positions just before the weekend markets close.

Good luck!
Millions USD funded account. Discount 10% of the Evaluation fee
  • #924
  • Jan 4, 2020 11:12am Jan 4, 2020 11:12am
Quoting BubaYaga
{quote} 300 funded traders. Wow. The missing number of interest is how many paid for the challenge? Between 6000 and 9000? It is a big secret. Instead of wasting money depositing again and again, now you have an alternative way of wasting money by paying for challenges again and again.

It doesnt matter if 10 million paid for the challenge. The rule says you pass the challenge then you get funded. If it was you will you fund a trader that failed demo test?
At least we are yet to see anyone that passed the test and claimed not to be funded.
Am taking the 10K test upper week to see for myself.
  • #925
  • Jan 4, 2020 4:58pm Jan 4, 2020 4:58pm
Quoting fxmicade
{quote} It doesnt matter if 10 million paid for the challenge. The rule says you pass the challenge then you get funded. If it was you will you fund a trader that failed demo test? At least we are yet to see anyone that passed the test and claimed not to be funded. Am taking the 10K test upper week to see for myself.
Copying trades from a demo account to a live account. Execution is obviously going to be significantly better on demo. If you look at ICmarkets DoM, they often only have 1 lot top of book (which they probably make the market on), that is why their spreads look great.
I'm not convinced on the viability of this business model, but what dose make sense is using the funds of thousands who try challenge to pay out the vast minority who get funded.
That would be a Ponzi scheme and we all know they work well until the new people taking challenges dry up.
Which is why they rely on people like Retentionist to keep the "fresh meat" coming in.
They may very well copy trades from some of the funded traders, but actually I think they would do better to take opposite trade of all who take challenge.
  • #926
  • Jan 4, 2020 6:02pm Jan 4, 2020 6:02pm
Quoting BubaYaga
{quote} Copying trades from a demo account to a live account. Execution is obviously going to be significantly better on demo. If you look at ICmarkets DoM, they often only have 1 lot top of book (which they probably make the market on), that is why their spreads look great. I'm not convinced on the viability of this business model, but what dose make sense is using the funds of thousands who try challenge to pay out the vast minority who get funded. That would be a Ponzi scheme and we all know they work well until the new people taking challenges...
All you need is facts. No one can argue against facts.

1. Open a live or a demo account at some reliable broker.
2. Qualify for a funded account at FTMO via the same broker with another demo account.
3. Trade 100% identical trades on both your privat (live or demo) account and your funded account.
4. Require a detailed monthly print of all transaction on all accounts and compare them. They should be at least 98% identical.

And if not......

That would be your way to prove that they are cheating.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #927
  • Jan 4, 2020 7:16pm Jan 4, 2020 7:16pm
Quoting NotAtrader
{quote} All you need is facts. No one can argue against facts. 1. Open a live or a demo account at some reliable broker. 2. Qualify for a funded account at FTMO via the same broker with another demo account. 3. Trade 100% identical trades on both your privat (live or demo) account and your funded account. 4. Require a detailed monthly print of all transaction on all accounts and compare them. They should be at least 98% identical. And if not...... That would be your way to prove that they are cheating.
As long as the funded traders who passed the challenge and verification who are making money are getting paid, dose it matters where the profits are derived from?
Looking at the fact, that FTMO rep stated 300 funded traders last year, we can assume a number that applied for the challenge based on brokers statistical data. This number would indicate the lions share of FTMO income is derived by people paying for challenges. Even if it is partial Ponzi business model, the internet is a pretty big place and a new wave of bright eyed, bushy tailed traders come along regularly enough it may well be sustainable.
  • #928
  • Jan 4, 2020 11:49pm Jan 4, 2020 11:49pm
This is the perfect place to advertise.

People should come to their own conclusions.
  • #929
  • Jan 5, 2020 12:23am Jan 5, 2020 12:23am
Quoting JTevens
This is the perfect place to advertise.
How do you know?
Millions USD funded account. Discount 10% of the Evaluation fee
  • #930
  • Jan 5, 2020 12:57am Jan 5, 2020 12:57am
If I was running FTMO I would do the same. People don't have to possess a white-hot intelligence quotient to realize this. Quit the bs.
  • #931
  • Jan 5, 2020 1:35am Jan 5, 2020 1:35am
Quoting FF.Trader
{quote} How do you know?
How is it going for you FF.Trader? You're advertising here, are you not? How much "fresh meat" have you bought in for the 5%ers? Been paid your commissions I hope!
  • #932
  • Jan 5, 2020 3:04am Jan 5, 2020 3:04am
@BubaYaga,

Quoting BubaYaga
{quote} How is it going for you FF.Trader? You're advertising here, are you not? How much "fresh meat" have you bought in for the 5%ers? Been paid your commissions I hope!

What does "fresh meat" mean?
Millions USD funded account. Discount 10% of the Evaluation fee
  • #933
  • Jan 5, 2020 5:59am Jan 5, 2020 5:59am
Quoting BubaYaga
{quote}Google it dick head
What is google?
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #934
  • Edited 11:44am Jan 5, 2020 8:14am | Edited 11:44am
What i don't understand guys that you doo here is: world has left you to save it!? For me best advice for such model as ftmo and the rest (because they don't have invent these blueberry is for years in market and do same thing with different numbers %) is as soon as you have wining strategy wich promice you 10 and UP% per month try it for your self challange and verification and pandora box will be open after 20 days, there is no need for huge debates. 155$ (that much is needed for challange and verification) remains for me just a "luxury" dinner
  • #935
  • Jan 5, 2020 8:21am Jan 5, 2020 8:21am
Quoting mizi123
What i don't understand guys that you doo here is: world has left you to save it!? For me best advice for such model as ftmo and the rest (because they don't have invent these blueberry is for years in market and do same thing with different numbers %) is as soon as you have wining strategy wich promice you 10 and UP% per month try it for your self challange and verification and pandora box will be open there is no need for huge debates. 155$ (that much is needed for challange and verification) remains for me just a "luxury" dinner
In other hand if you have just 155$ you just can test a strategy if it works or not on cent account, you can't do nothing with them!
  • #936
  • Jan 5, 2020 12:11pm Jan 5, 2020 12:11pm
Quoting mizi123
What i don't understand guys that you doo here is: world has left you to save it!? For me best advice for such model as ftmo and the rest (because they don't have invent these blueberry is for years in market and do same thing with different numbers %) is as soon as you have wining strategy wich promice you 10 and UP% per month try it for your self challange and verification and pandora box will be open after 20 days, there is no need for huge debates. 155$ (that much is needed for challange and verification) remains for me just a "luxury" dinner...
Thank you. Exactly my point. If you dont have a winning strategy then its very silly to do the challenge.
  • #937
  • Jan 5, 2020 9:26pm Jan 5, 2020 9:26pm
Quoting BubaYaga
{quote}Google it dick head
Well ... It's mean you pay a small fee then have the opportunity to trade account of millions usd instead of trading yourself for years with a bit of profit (if have a winning strategy but lack of money).

Sure. Why not!?
Millions USD funded account. Discount 10% of the Evaluation fee
  • #938
  • Jan 6, 2020 1:06am Jan 6, 2020 1:06am
Quoting fxmicade
{quote} Thank you. Exactly my point. If you dont have a winning strategy then its very silly to do the challenge.

No success without strategy. Discipline and a clear focus when trading are important. Then it does not matter if you trade 0.01 lot, 5 lot or 250 lot. You move the market not you play along. If you have little equity, something like FTMO is a good chance to get in and earn money. If your strategy works and does not pay off, or there are problems with the trades, you go to another provider and if you have enough money in 1-2 years, you trade with your own money.
  • #939
  • Jan 10, 2020 10:43am Jan 10, 2020 10:43am
Hello, can I leave my position for the weekend during challenges?
  • #940
  • Jan 10, 2020 12:51pm Jan 10, 2020 12:51pm
Quoting dariko
Hello, can I leave my position for the weekend during challenges?
Yes
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