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FTMO - For serious traders

  • #981
  • Jan 18, 2020 9:21am Jan 18, 2020 9:21am
Quoting mizi123
{quote} You don't understand yes let me clarify, you don't want to pay a fee wich is refundable on 1st withdrawal (if you have pass succesfully challange and verification) nothing is for free in world! What i like to say to you and other who have doubt about bussines with FTMO is try it if you have winning strategy, 155$ for 10 000K account are nothing i repeat nothing, you cant't find anywere in the world investitor who's gona accept cooperation under 50/50 share. So in these way if you take and pass challange and verification in fist month you...
Yes there’s nothing free in this world and they get paid really well by profitable traders. They get their share and that is by far more than enough for them (and anyone for that matter) to have a perfectly careless life.

For this and other similar companies, there is no financial risk tied to the challenge process. Hence no logical explanation as to why candidates are being charged with this kind of fee.

The truth is that if you don’t pass you don’t get funded and hence the company has no obligations to you whatsoever nor they take any financial risk tied to you. On the other hand, if you pass, then the risk that they take is a fact and this is why they charge you with 30% of the profit beside all other restriction for protecting their capital.

So where is the logic here? They charge you with a fee which is lost for you if you don’t pass!?!? Makes no sense. There should not be any fee and the qualifying process should be free. They earn enough money on the share. Said that, they may earn even more money on shares if they remove the nonsense fee, as they’ll gladly experience far more candidates and surely far more successful qualifiers.

That’s why I said earlier - they target inexperienced and uneducated traders and this is the reason why they charge them with the nonsense fee because they know 95% of the traders fail.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #982
  • Jan 18, 2020 9:22am Jan 18, 2020 9:22am
Quoting here2there
I would never pay a company a fee to prove I know how to trade. Give me a time frame to test my skills using a demo account. Allow me to use my own strategies, indicators, and bots. If I pass, then hire me. It's really that simple!
Quoting here2there
But what if the rules are unreasonable and or designed to incur a high failure rate?

You can tell us:
How much equity of your trading account?
How is your monthly profit?
Maximum of your DD?
Millions USD funded account. Discount 10% of the Evaluation fee
  • #983
  • Edited 12:32pm Jan 18, 2020 9:36am | Edited 12:32pm
Quoting NotAtrader
{quote} Yes there’s nothing free in this world and they get paid really well by profitable traders. They get their share and that is by far more than enough for them (and anyone for that matter) to have a perfectly careless life. For this and other similar companies, there is no financial risk tied to the challenge process. Hence no logical explanation as to why candidates are being charged with this kind of fee. The truth is that if you don’t pass you don’t get funded and hence the company has no obligations to you whatsoever nor they take any...
I agree with everything exept the part that why they ask money for application for challange from my point of wiev these what they do is business not humanitarian activity you have to understand these, and they don't have why to do it for free, in other hand here are some members who judge them for scam so there are 2 different things to distinguishe scaming (if some type of business dosen't fullfil our expectation dosen't mean that is a scam) from business model so you and others have to be carefull when you make comments all the best mizi
  • #984
  • Edited 1:33pm Jan 18, 2020 11:14am | Edited 1:33pm
Quoting FF.Trader
{quote} {quote} You can tell us: How much equity of your trading account? How is your monthly profit? Maximum of your DD?
That's none of your business.

By the way, I read your biography. Interesting!

So you have been trading since 2005, created hundreds of strategies, spent millions of dollars, and blew hundreds of accounts?

And you finally saw the light after failing FITMO's challenge?

I am not calling you a liar, but I find your story hard to believe. Especially the part about spending millions of dollars.

With that kind of money you could have hired a professional to trade for you or hired a top notch trader to teach you how to be consistently profitable.
Learn from your mistakes and march on.
  • #985
  • Jan 18, 2020 2:02pm Jan 18, 2020 2:02pm
Quoting here2there
{quote} That's none of your business. By the way, I read your biography. Interesting! So you have been trading since 2005, created hundreds of strategies, spent millions of dollars, and blew hundreds of accounts? And you finally saw the light after failing FITMO's challenge? I am not calling you a liar, but I find your story hard to believe. Especially the part about spending millions of dollars. With that kind of...
Spot on mate.
These are paid dogs telling fairytales.
“Look at me! I was a loser all my life. FTMO saved my soul”

Anybody (and I mean anybody) with access to that much money, would succeed in one or another way in his life.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #986
  • Jan 18, 2020 5:53pm Jan 18, 2020 5:53pm
Quoting NotAtrader
{quote} Spot on mate. These are paid dogs telling fairytales. “Look at me! I was a loser all my life. FTMO saved my soul” Anybody (and I mean anybody) with access to that much money, would succeed in one or another way in his life.

Interested too know who is a paid dog...woof woof.
  • #987
  • Jan 18, 2020 7:28pm Jan 18, 2020 7:28pm
Quoting moodybot
{quote} Interested too know who is a paid dog...woof woof.
It's not hard to figure out. Those who are most defensive of programs that offer traders money-making opportunities are usually affiliated with them in some way.

For example, if you go to FF.Trader's user page and look at the Links section, you will see he is currently an affiliate for the5ers (a type of program that is similar to the one we are discussing here).

Are you an affiliate for FTMO?
Learn from your mistakes and march on.
  • #988
  • Jan 18, 2020 7:39pm Jan 18, 2020 7:39pm
Quoting here2there
{quote} It's not hard to figure out. Those who are most defensive of programs that offer traders money-making opportunities are usually affiliated with them in some way. For example, if you go to FF.Trader's user page and look at the Links section, you will see he is currently an affiliate for the5ers (a type of program that is similar to the one we are discussing here). Are you an affiliate for FTMO?
Nope, I’m affiliated to no one. No interest.
Yep, I know he/ she is affiliated.
Still doesn’t make it a scam though.
  • #989
  • Jan 18, 2020 7:54pm Jan 18, 2020 7:54pm
Quoting moodybot
{quote} Nope, I’m affiliated to no one. No interest. Yep, I know he/ she is affiliated. Still doesn’t make it a scam though.
I am not calling it a scam. Nevertheless, I have valid reasons to believe the business model is shady. After all, they must know most of the people who will attempt the challenge are likely to fail due to being inexperienced traders.

I wonder how many people have failed the challenge from the time they opened their doors. I would like an answer to that question.

I would also like to know what the average percentage rate of failure is, and how much money FTMO has generated from failed challenge attempts from the time they started their business.
Learn from your mistakes and march on.
  • #990
  • Jan 18, 2020 7:55pm Jan 18, 2020 7:55pm
Quoting here2there
That's none of your business.
Are you OK?


Quoting here2there
Give me a time frame to test my skills using a demo account. Allow me to use my own strategies, indicators, and bots. If I pass, then hire me. It's really that simple!

But what if the rules are unreasonable and or designed to incur a high failure rate?
Why do you say that?...
Millions USD funded account. Discount 10% of the Evaluation fee
  • #991
  • Jan 18, 2020 7:57pm Jan 18, 2020 7:57pm
Quoting FF.Trader
{quote} Are you OK? {quote} Why do you say that?...
I'm not applying for a job. I was just making a point.
Learn from your mistakes and march on.
  • #992
  • Jan 18, 2020 7:59pm Jan 18, 2020 7:59pm
Quoting here2there
And you finally saw the light after failing FITMO's challenge? I am not calling you a liar, but I find your story hard to believe. Especially the part about spending millions of dollars. With that kind of money you could have hired a professional to trade for you or hired a top notch trader to teach you how to be consistently profitable.

You're right. If I spent millions of dollars on such a business 15 years ago, I would now become a billionaire.

That's a lesson I have learn fom FTMO
Millions USD funded account. Discount 10% of the Evaluation fee
  • #993
  • Jan 18, 2020 8:02pm Jan 18, 2020 8:02pm
Quoting FF.Trader
{quote} You're right. If I spent millions of dollars for such bussiness 15 year ago, I would be a billions now. That's a lesson I have learn fom FTMO
I am sorry, but I just don't believe you ever had that kind of money to lose.
Learn from your mistakes and march on.
  • #994
  • Jan 18, 2020 8:03pm Jan 18, 2020 8:03pm
Quoting here2there
{quote} I am sorry, but I just don't believe you ever had that kind of money to lose.
Why?
Millions USD funded account. Discount 10% of the Evaluation fee
  • #995
  • Jan 18, 2020 8:09pm Jan 18, 2020 8:09pm
Quoting here2there
{quote} I am not calling it a scam. Nevertheless, I have valid reasons to believe the business model is shady. After all, they must know most of the people who will attempt the challenge are likely to fail due to being inexperienced traders. I wonder how many people have failed the challenge from the time they opened their doors. I would like an answer to that question. I would also like to know what the average percentage rate of failure is, and how much money FTMO has generated from failed challenge attempts from the time they started their business....

I agree, it appears shady. But this forum would be the first to know whether FTMO has not paid out. Or any of the ‘Prop firms’..
Do they trade live markets once a trader has ‘qualified’... no evidence, but that’s not to say they don’t... but does it matter, in my opinion no, the market is just an algorithm and whether you are competing against other traders to secure funds with a prop firm, or against a fabricated market.. it’s all the same. I don’t want an argument over whether the market is genuine, it’s just an opinion.

M.
  • #996
  • Edited 8:25pm Jan 18, 2020 8:13pm | Edited 8:25pm
Quoting FF.Trader
{quote} Why?
Because it is a ridiculous amount of money to lose trading over a period of 15 years. Especially considering the fact that you had said you created hundreds of strategies (also unbelievable). And FTMO supposedly saved the day. Yet you still failed their challenge and lost more money in the process. None of this is adding up.

It is extremely hard for me to believe that you, having 15 years of experience trading (much more experience than I), blew millions of dollars over that time span and hundreds of accounts, while somehow being creative enough to create hundreds of strategies in the process. It just sounds far-fetched.

And for your information, I am not a noob. I know quite a lot about trading. I have spent a great deal of money and time learning this stuff. Most of what is taught doesn't work. I will tell you what does work, however: Volume Price Analysis.

And for your information, I have never blown an account (I am a very conservative trader).
Learn from your mistakes and march on.
  • #997
  • Jan 18, 2020 8:41pm Jan 18, 2020 8:41pm
Quoting NotAtrader
{quote} Spot on mate. These are paid dogs telling fairytales. “Look at me! I was a loser all my life. FTMO saved my soul” Anybody (and I mean anybody) with access to that much money, would succeed in one or another way in his life.
Besides paid dogs oftentimes there are overzealous members who hail the good part yet completely ignore the obvious dark side - the lost fees due to failed attempts. Ofc the failure rate is in the 90+% that mirrors the overall losers pool. The promise of access to large trading money easily attracts gamblers to try their luck. Does their business model made to exploit the natural loser pool a scam ? Ofc not to those who have this gamblers mentality - nothing can stop a gambler from gambling.

As much as there's lack of feedback report from those who succeed that's not paid those who are paid are equally silent. Notwithstanding this pool of success is a small % both their silence gives this business model a shady feel.
Know what you trade
  • #998
  • Jan 18, 2020 8:50pm Jan 18, 2020 8:50pm
Quoting here2there
Because it is a ridiculous amount of money to lose trading over a period of 15 years. Especially considering the fact that you had said you created hundreds of strategies (also unbelievable). And FTMO supposedly saved the day. Yet you still failed their challenge and lost more money in the process. None of this is adding up. It is extremely hard for me to believe that you, having 15 years of experience trading (much more experience than I), blew millions of dollars over that time span and hundreds of accounts, while somehow being creative enough...

Respect your point of view even if it's an inference.


Quoting here2there
I have never blown an account (I am a very conservative trader).
Congratulations!
Millions USD funded account. Discount 10% of the Evaluation fee
  • #999
  • Jan 18, 2020 8:56pm Jan 18, 2020 8:56pm
Quoting moodybot
the market is just an algorithm and whether you are competing against other traders to secure funds with a prop firm, or against a fabricated market.. it’s all the same. I don’t want an argument over whether the market is genuine, it’s just an opinion. M.
This guys opinion nicely sums up the market today. I call it math based asset valuation algo.
Quoting alphaomega
Yes, it's still the same game for the most part (same patterns)..............except for one thing! There are no speculative traders in the banks anymore! These traders are long gone. Now the robots play this game (over 70% of the speculative volume in FX) and the creators of these robots are the new superstars. Manual trading in principle is obsolete!
Know what you trade
  • #1,000
  • Jan 18, 2020 9:03pm Jan 18, 2020 9:03pm
Quoting BWilliam
{quote} This guys opinion nicely sums up the market today. I call it math based asset valuation algo. {quote}
Cyclic Algo is as close as I could describe it but I’ll go with your description.
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