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FTMO - For serious traders

  • #2,741
  • Aug 14, 2020 4:13pm Aug 14, 2020 4:13pm
Quoting xmess7
{quote} hi folks: I couldn't help but make a comment. First off.. your risk is the amount of fees you pay, period. Some of us take longer than others to get funded. But lets say the average "cost" for the ftmo challenge is roughtly $1900 (3 attempts and you failed on the fourth and you are done) . So in actually the loss you experience is not $10K but $1900. Lets also say the FTMO is a scam!!! LOL... Then its a question of getting some $$$$ before they close tent and go away, right? Its the same logic when scalping... get the dang pips and run!!...
Good point. But the way we are back then. It might even take 100 tries and we still couldnt pass FTMO. And it might even have cost more than $20k with all the retries. Making FTMO fat and happy.

And I would bet, with certainty someone reading this thread may have taken the $100k challenge more than 10x already. Thats and easy $6000+ towards FTMO already. Lol

. Well grats on your funded account.
  • #2,742
  • Aug 14, 2020 4:21pm Aug 14, 2020 4:21pm
Pros and cons should be pointed out. Complaining about errors and inconsistencies helps to improve the product.
Only immature and psychologically weak people cannot bear to hear criticism.
  • #2,743
  • Aug 14, 2020 4:23pm Aug 14, 2020 4:23pm
Quoting akamrp
{quote} Welcome to the party lol
Dont mind him. He probably took the challenge 10x and kept failing.
  • #2,744
  • Aug 14, 2020 5:34pm Aug 14, 2020 5:34pm
Quoting maflip
{quote} Good point. But the way we are back then. It might even take 100 tries and we still couldnt pass FTMO. And it might even have cost more than $20k with all the retries. Making FTMO fat and happy. And I would bet, with certainty someone reading this thread may have taken the $100k challenge more than 10x already. Thats and easy $6000+ towards FTMO already. Lol . Well grats on your funded account.
I think this is true for those traders who become addicted to the challenge quest and believing they are only one attempt from victory.

Then ofcourse they have another hurdle, the verification, failing this will have the addicted trader return to step 1 and outlay yet another entry fee.

I saw one video of a trader who openly said he took multiple challenges to eventually reach funded stage but I wonder how many he has had to pay for.

It all boils down to how much a trader is prepared to risk, read that as pay for multiple challenges in order to gain a funded account, some traders will have a low threshold whilst others will keep trying until hopefully they make it.

Quite easy to see traders spending up to 10K on challenges since they can see that once funded it might take them only a few months of profitable trading to recover all or most of the challenge fees.

Just understand that the risk to the trader is 2 fold, price of admission and time.

Good trading,

Masterrmind ..........
Master your Mind then Master your Trades
  • #2,745
  • Aug 14, 2020 6:14pm Aug 14, 2020 6:14pm
Quoting maflip
{quote} Good point. But the way we are back then. It might even take 100 tries and we still couldnt pass FTMO. And it might even have cost more than $20k with all the retries. Making FTMO fat and happy. And I would bet, with certainty someone reading this thread may have taken the $100k challenge more than 10x already. Thats and easy $6000+ towards FTMO already. Lol . Well grats on your funded account.
Yes, I know someone would bring this very thing up. it is not only valid point but the reality of how traders do not apply money management at this level.
The true answer lives in your very statement. If the trader knows, then they will LIMIT the loss.


Anyhow, enuf said. Onward, cause we have alot to do and enjoy and so little time.

Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #2,746
  • Aug 14, 2020 7:16pm Aug 14, 2020 7:16pm
Quoting xmess7
{quote} If the trader knows, then they will LIMIT the loss.
+1
  • #2,747
  • Aug 14, 2020 7:28pm Aug 14, 2020 7:28pm
One point about Prop Firms I see getting mentioned here several times is that 'underfunded' traders are the only ones in need of using a Prop Firm.

This is not always the case, afterall I'm intending to use the Prop Firm as an 'additional' stream of income which will add to my current portfolio.

I'm guessing there are also several other traders here who fit this category.

So you might very well ask, why don't I simply trade my own funds.

Well I do but I don't usually outlay 50k or 100k on a retail brokerage account since I prefer to have 'larger' capital in highly regulated brokerages for example, IB however, the leverage available is much less which may equate to being a lower risk trading environment and typically a slower profit making process.

The retail Prop Firm on the other hand has a system set up such that I can trade up to 100:1 leverage on a demo account with no upper ceiling in terms of 'capital' which is very very useful when opening a relatively large volume position at the right time seeking a quick follow through in PA.

All the time my outlay has only been challenge fees and time.

The idea here being to reach a risk free trading state where a profit split has more than covered the challenge fees.

Be mindful that the challenge is meant to be a challenge, hit 10% profit using not more than 10% of funds within about 22 trading days.

Good fortune favors the brave.

Good trading,

Masterrmind ........
Master your Mind then Master your Trades
  • #2,748
  • Aug 15, 2020 4:11am Aug 15, 2020 4:11am
Quoting Nathan.Fx
The truth is, your capital is only what you can lose. So they are funding you with 10k and not 100k. You cannot use the 90k when reaching 10k in losses. It's game over for you. It also means that the challenge is to make a 100% profit in 30 days *. And 50% more in the verification step. Nominal capital: 100,000 True capital: 10,000 Target profit within 30 days *: 10,000 (100% of your true capital) Maximum daily loss: 5,000 (50% of your true capital) Maximum total loss: 10,000 (100% of your true capital) * In fact you will actually have 21-22 days,...
You have said a whole lot of nothing.

The nominal capital is effectively the buying power that you have in the market. As we all know, the lot size you use determines your true leverage. If I have an account of $10,000, I will be stupid to place 10 lots trades as I will be risking too much per trade no matter how good a trader I am (being wise with money management is also a characteristic of a good trader). But I will find it reasonable for someone with a good strategy placing 10 lots trade on a 100k account.

I have done the FTMO trial challenge and on mostly, my trades are placed with 0.35 lot sizes except in GU where I use .20 lot sizes. For a relatively risk averse person like me, I would never use such lot sizes on a 10k account. I would scale it down proportionally and profit and losses would reflect such.

Hence, for the same risk profile, a 100k account is exactly 10 times a 10k account.

Is anyone signing up for FTMO with the illusion that they should be allowed to run through the 100k account to 50% or 90% drawdown? I highly doubt that.

All other things being equal, a trader making 10% on 100k and 10k will earn 10k and 1k respectively using a proportional true leverage.

For someone who is well-prepared, FTMO provides a good opportunity to make relevant money in forex trading as long as they continue to exist.
  • #2,749
  • Aug 15, 2020 4:31am Aug 15, 2020 4:31am
Quoting zondaforex
No company on the planet will hand out 100K trading accounts to strangers on the internet, use your head people. The "trading capital" is DEMO money, winning traders are a loss leader for them, they pay the winners with money they collect from the losers challenges. They operate like a casino, it's the exact same business model, people so dumb. STAY AWAY from all "Prop firms" they don't exist anymore, it's not the 1990s. Save up your money and trade for yourself that's the only option you have. I seriously hope FTMO is not a thing anymore once people...
For the ill-prepared dumb noob who only sign up to FTMO because they only considered the upside, yes FTMO is definitely a casino. And I think I will agree with you that they pay winners from fees of losers which is still a legitimate business model by the way. Because if I remember correctly, I first saw FTMO ad on babypips and these were 'native ads' because they still show even with my ad blocker on. So obviously, they were targeting newbies who has unrealistic expectations in forex.

I'm in certain discord groups where I can see people who were asking why high spread during rollover and other basic questions also asking about the FTMO challenge.

Few days ago, a stranger contacted me out of the blue on reddit to ask if FTMO is legit. I checked their comment history and they were asking all the basic dumb questions as well on r/forex. If such a person will risk their money while knowing the rules in advance for others to get paid, well can't blame anyone, can we?
Attached Image


But for someone who has a good strategy, it's a great opportunity and not a casino. Unless of course, the whole of retail forex trading looks like a casino to you.
  • #2,750
  • Aug 15, 2020 4:46am Aug 15, 2020 4:46am
Hi Traders,

I hope everyone is healthy and doing well.

I’m quite happy to say that we have eliminated the backlog of the queries and our processing times returned to normal. Mondays are still quite busy for us so the processing times on Mondays can be a little longer. I was happy to see that some of you even deleted some negative comments after we provided our answers last time.

Since Tomas´s last post, there were several posts regarding the accusation that we are manipulating spreads, specifically on CADJPY.lmax, stating that Sierra has around 1.1 pip while FTMO Platform has 2.6. We have said it repeatedly here, we are not adding anything on top of the spread we receive from the LP. What you see in the platform is direct data feed from LMAX.
I would like to ask everyone posting here to make sure to be comparing the spreads on the same day and time as the spreads obviously vary depending on the time of the day, market volatility etc.
I have monitored the spread for quite some time while reading the posts and writing the answers, and through the entire time I saw it oscillating between 0.8 and 1.2 pips. Video with date and time (CEST) included on the this link https://www.screencast.com/t/60SpVNJz

You have also debated our company structure. It is only natural to divide the company into multiple substructures as the company grows, for multiple reasons which we do not think is too relevant to this thread. As some markets have their specifics, we need to implement changes in contracts and T&Cs. As to the category of the registrations of our companies, McQuak’s posts is oversimplification bordering with lie.

The screenshot he attached regarding FTMO Evaluation US s.r.o. shows as a category of business: manufacturing, sales and services not specified in appendixes 1 to 3 of trade registry. This is simply meaning that our business can’t be defined as just one of the categories listed in referenced appendixes. I am not sure, but I think that this is the most common registration type.

As for the capital deposited to the company in the registry, it is a common practice around Europe to have as little as possible. The initial capital is usually a sum, which can be well divided in the case the company is sold to multiple parties. Initial capital has nothing to do with how much money our companies have.

In my view, there is no problem with anything brought up here, but if you have any specific questions, ask and we will answer.

You also keep bringing up the question of whether we pay our funded traders or not. In the era of photoshop and deep fakes, there isn’t really anything we could provide for you which would serve as definite proof. If you tell us what you would consider as acceptable proof, we can try to accommodate your requests.

Now let’s get to answering your posts:
Quoting Phylo
To: FTMO This thread appear to be the premium forum thread for promoting FTMO service - of course, excluding review sites, I could be wrong and some other forum has the FTMO premium promotional slot. So far this thread has established the following: In absolute brief - FTMO is not a scam FTMO is legitimate FTMO is unquestionably reliable in every respect regarding funded trader payouts. FTMO - within the limits time constraints - is present on the thread and addresses all relevant questions and concerns. FTMO Public Relations (PR) regarding this...


Hello Phylo,

I hope you are well.

Firstly, thanks for the absolute brief. I know you have pointed a few of our mistakes in past and I appreciate your view. We always strive to correct any issues that anyone notices and brings to our awareness. In regard to PR, we try to be transparent and to the point. It is not our purpose to manipulate with the public perception of our company. We will consider posting big changes in advance.

Quoting akamrp
{quote} I’m with CMC markets, still trading and working as normal so far. Have not had any updates from FTMO

Hi Akamrp,
All traders are allowed to keep the same broker setup that they started their Challenge with. You can keep trading with CMC as if nothing changed. The changes impact Challenges ordered after 1st August 2020.
Quoting CeeSo
Hey Guys I said a few negative things or I should say some honest things about FTMO earlier in this thread so I want to keep saying some honest things. Today I was trading the challenge and the spreads during the NFP were pretty good and they returned to decent spreads very quickly after the report came out. So that is a big plus checkmark for FTMO [IMG]file:///C:/Users/osuff/AppData/Local/Temp/msohtmlclip1/01/clip_image002.png[/IMG][IMG]file:///C:/Users/osuff/AppData/Local/Temp/msohtmlclip1/01/clip_image003.png[/IMG][IMG]file:///C:/Users/osuff/AppData/Local/Temp/msohtmlclip1/01/clip_image002.png[/IMG]...

Hello CeeSo,
Thanks for the credit on the NFP spreads. As for the limitations on trading news, I believe we have addressed this point over and over here. Firstly, the execution of your SL might not be replicable on a real market as there might not be sufficient liquidity for us to execute the SL at the same price as on the demo account. We hope these are understandable reasons for this rule. After all, we do not have so many rules and very few news releases have a prohibitive character for our traders. We are not saying that everyone who would have their SL executed during news is trying to trade news in an irresponsible way, but to weed out those who are, the rule has to be placed broadly applicable to everyone. What you are proposing is not what we can do technically now.

Quoting CeeSo
Hi Tomas, I appreciate you taking the time to answer my inquiries. If I may just offer one piece of advice. For us, US clients we are use to a certain level of customer support, and customer support is a critical part of all businesses. It takes a lot of time and money to acquire customers and it is so easy to lose a customer because of poorly trained or understaffed customer support. That being said, I get the fact that you guys are growing rapidly and these things happen. Everything worked out in the end so I have no further comments or negative...


Hi CeeSo,
Thanks for your comment, we understand that our American clients are often more demanding and used to very quick response time. Truth to say, we somewhat underestimated the number of queries we would get after the change. I am proud that most of our employees don’t take the work just as a job, they care about our company and they like what we do. Everyone worked long overtimes to give as good support as we can. We wish you good luck with all your trades and are looking to welcome you into our FTMO Trader club.

Quoting AnRan
{quote} So my review was more for other people, not really looking for a response from you. I understand the difference between a trader and an asset manager. We'll have two different perspectives. But since you annoyed me a little, I'll do a little educating. I'm new to this forum, I only joined to give other people a heads up. I didn't sit back and read 100 pages to find everything that was wrong with the trading conditions of a prop trading firm. Cause one doesn't really expect any. (…) -AnRan


Hi AnRan,
Thank you for your feedback and clarifications which is beneficial for other users in this community. As you have stated, the issues arise from the dependence on one LP and we will add additional LPs very soon to improve the trading conditions on our account. We have taken your feedback regarding other points into consideration as well and we hope that our future actions will resolve this matter.

Quoting Rmg
Deleted my negative comment too. All good now, let's do this folks{C}{C}[IMG]file:///C:/Users/osuff/AppData/Local/Temp/msohtmlclip1/01/clip_image008.png[/IMG]{C}{C}{C}[IMG]file:///C:/Users/osuff/AppData/Local/Temp/msohtmlclip1/01/clip_image009.png[/IMG]. On my 4th attempt, struggling with my Overtrading... [IMG]file:///C:/Users/osuff/AppData/Local/Temp/msohtmlclip1/01/clip_image011.png[/IMG][IMG]file:///C:/Users/osuff/AppData/Local/Temp/msohtmlclip1/01/clip_image012.png[/IMG].


Hi Rmg,
Thank you for deleting the negative comments. We appreciate your understanding.

Quoting maflip
I remember people notice unusual moves on FTMO-LMAX here. I noticed one too. There's a sudden spike down here not much but this one did not show on other brokers. Something smells fishy here. I hope I'm wrong. M15 traders should be fine there. But, maybe they are targeting M1 trader stop outs??? [IMG]file:///C:/Users/osuff/AppData/Local/Temp/msohtmlclip1/01/clip_image014.png[/IMG][IMG]file:///C:/Users/osuff/AppData/Local/Temp/msohtmlclip1/01/clip_image015.png[/IMG][IMG]file:///C:/Users/osuff/AppData/Local/Temp/msohtmlclip1/01/clip_image015.png[/IMG]...


Hi Maflip,
Thank you for providing us with the example. I can assure you that our company does not manipulate prices whatsoever and all data displayed on our platforms correspond to the data we receive from our LP. Unfortunately, we can't provide any explanation regarding the data feed on Sierra. This issue has been forwarded to our LP to discuss internally. Thank you for your understanding.

Quoting snail69
{quote} Today I was informed by support that within today the issue should be resolved and all should turn "green". Also, asked about possible balance increase and daily loss limit. a) when trader decides to leave profits, daily loss stays the same - 5% daily out of e.g. 100K USD 5000.- b) to my understanding, in case of increase of trading balance after "level up" by FTMO, after meeting the terms, this limit is also increased to 5% out of the new balance.


Hi Snail69,
Just to confirm your assumptions:
a) when a trader decides to leave their profits, Max Daily Loss stays 5% of account initial capital. I.e. $25k, $50k, $100k and so on.
b) In case of scaled-up account, the new balance is considered initial capital and Max Daily Loss is 5% of this initial capital. I.e. on $125k account Max Daily Loss is $6.25k.

Quoting JacksonB
Hello guys, On their website under the FTMO solution it is claimed that there is no commission charge on indices/commodities & $3 on Forex. Currently the Free Trial they offer does not reflect this statement. So does any one have first hand experience of no commission on indices/commodities either with a paid challenge or preferably as a funded FTMO trader? Thanks

Hi JacksonB,
The 0 commission on indices/commodities are currently on FTMO accounts on cTrader and MT5. The change on MT4 will happen within 2 weeks.

Quoting Phylo
{quote} - we have arranged several other liquidity providers for our FTMO platform. ------------------------------------------------------------------------------------------------------------- Preliminary considerations So at present FTMO has two liquidity sources - LMAX and Purple Trading. FTMO has recently dispensed with all other broker-liquidity sources. Adding more broker-liquidity sources would appear to be contrary to reasons for removal of recently removed broker-liquidity. Further to above, FTMO clients trading with LMAX are isolated from...


Hi again ,

1. So at present FTMO has two liquidity sources - LMAX and Purple Trading.

It is important to understand the difference between a broker and a liquidity provider. Broker is a company, which holds a license from a regulator and can open live accounts to its clients. Brokers also own/rent platform licenses. LP is a company, which brings you all the symbols and facilitates trading. Some really big brokers are also LPs, but the majority of LPS are independent companies. Brokers can have the same LP, so their charts are the same, but they can set different trading conditions (markups etc). Here it hugely depends whether the broker is a market maker or not. At this time, we have just one LP. Purple Trading is a different broker and we do not know, which company is their LP.

2. FTMO has recently dispensed with all other broker-liquidity sources.

I understand that some clients are angry about it, but if we want to have better customer support and improve the user experience it was the only way. Before the change, 88% of our clients chose FTMO, while we had multiple providers.

3. Adding more broker-liquidity sources would appear to be contrary to reasons for removal of recently removed broker-liquidity.

Adding multiple LPs enables you to provide better trading conditions. Let’s say LP 1 has lower spread for EURUSD so you pick this LP for EURUSD. Then there is an LP 2, which has better conditions for DAX for example. In many cases, it is not a win-win situation, because LP can have better spreads during the day but really high spreads during the midnight (CET) rollover. In addition to this, it is not easy to acquire LP, also it is very costly, and the number of LPs is limited to each platform.

4. Further to above, FTMO clients trading with LMAX are isolated from Purple Trading liquidity and visa versa.

Yes.

5. So if instruments A is cheaper on LMAX and instrument B is cheaper on Purple Trading clients trading instrument A & B can get only one - and only one - of the cheaper options.

Yes. To have the same trading conditions we would need to add Purple Trading´s LP.

6. The only way this could be overcome is if all liquidity were accessible from a composite source. edit: The only way this could be overcome is if all FTMO liquidity were accessible from only a single composite source.

Unfortunately, I am not sure if it is even possible.

7. With regards LMAX, I can find no LMAX recent news announcement of added liquidity on either LeapRate or Finance Magnates - but, of course, I could have missed.

We will be adding another company to provide liquidity. It has nothing to do with LMAX.

8. Considering FTMO is not a brokers and the prohibitive costs of DIY liquidity aggregation infrastructure and maintenance - I cannot envision an FTMO accomplishment of clause 6 - however, as always, subject to correction and enlightenment.

For this reason, we pay LPs, which are companies with a specialization in the liquidity aggregation.

9. So how, exactly, is this added liquidity going to work across the platforms and various classes of instruments and what are the implications regarding trader access to cheaper instrument costs as detailed in clause 5 & 6. ?

Answered in 3.

I hope we helped to clear some of your doubts and answered your questions to your satisfaction.

Have a peaceful weekend everyone.

Otakar
  • #2,751
  • Aug 15, 2020 9:40am Aug 15, 2020 9:40am
If FTMO actually advertised correctly it would be like this.

"Pay us $700 to try and turn 10K in to 20K in 22 days"

Odds are you will fail and they will collect a challenge fee and wait for you to try again.

You are only trading a 10K portion out of a 100K account, again of DEMO money.

It's normal, to have a 5-10% drawdown, in this case you're finished if you do.

This is no different than ring toss at a carnival and people debating over whether or not it can be done, they are betting you will fail and getting addicted to buying challenges over and over. I'm seriously shocked how people can't take 5 mins to figure this out and save themselves months of wasted time.
  • #2,752
  • Aug 15, 2020 10:36am Aug 15, 2020 10:36am
Quoting zondaforex
If FTMO actually advertised correctly it would be like this. "Pay us $700 to try and turn 10K in to 20K in 22 days" Odds are you will fail and they will collect a challenge fee and wait for you to try again. You are only trading a 10K portion out of a 100K account, again of DEMO money. It's normal, to have a 5-10% drawdown, in this case you're finished if you do. This is no different than ring toss at a carnival and people debating over whether or not it can be done, they are betting you will fail and getting addicted to buying challenges over and...
Not exactly. Think of it as if you are trading your own account, with 100k. Would you want to risk more than a 10% DD on your account? Probably not. This same logic applies to FTMO. They want to find traders who are able to trade properly without huge drawdowns, so to achieve a profit target that is 10% without hitting a 10% drawdown is very doable. To the question about the challenge being 22 trading days, yes that may be difficult for some as some months any trading strategy may not be successful, as long as you can stay above 100k you are able to retake the challenge for free without having to pay.
  • #2,753
  • Aug 15, 2020 10:38am Aug 15, 2020 10:38am
Quoting zondaforex
If FTMO actually advertised correctly it would be like this. "Pay us $700 to try and turn 10K in to 20K in 22 days" Odds are you will fail and they will collect a challenge fee and wait for you to try again. You are only trading a 10K portion out of a 100K account, again of DEMO money. It's normal, to have a 5-10% drawdown, in this case you're finished if you do. This is no different than ring toss at a carnival and people debating over whether or not it can be done, they are betting you will fail and getting addicted to buying challenges over and...
Think max lot size /margin.
Just bcos the stopout 5%...
What would be able to open on 10k...vs 100k equity?
Equal max lot size?

Simply your comment isn't correct.
Happy weekend!
PF
there is always, always another trade!!
  • #2,754
  • Aug 15, 2020 10:44am Aug 15, 2020 10:44am
Quoting newegg
{quote} You have said a whole lot of nothing. The nominal capital is effectively the buying power that you have in the market. As we all know, the lot size you use determines your true leverage. If I have an account of $10,000, I will be stupid to place 10 lots trades as I will be risking too much per trade no matter how good a trader I am (being wise with money management is also a characteristic of a good trader). But I will find it reasonable for someone with a good strategy placing 10 lots trade on a 100k account. I have done the FTMO trial...
Man, you nailed it. Spot on. I look at FTMO as an opportunity to trade a 300K account, since it is a 70% profit split, it is the EXACT equivalent of keeping 100% of a $210,000 account. I am in the US, I have two garbage options to trade with and my funds are not protected. So, my options are to risk my own capital with unregulated, offshore brokers to get better trading conditions (which I have been doing for 6 years) or trade with a US broker with horrible conditions. Either way, I am not putting up 210K where funds are not protected in any way. Then there is the scaling, you can be trading a million dollar account within 2 years. Even at 3% per month, your share is 250K per year. It is literally risk free as they refund your fees. If you fail 2 or 3 times, you've invested what 2K max? In my opinion, this is better risk: reward than the best trades I've ever placed.
  • #2,755
  • Aug 15, 2020 11:38am Aug 15, 2020 11:38am
Quoting zondaforex
If FTMO actually advertised correctly it would be like this. "Pay us $700 to try and turn 10K in to 20K in 22 days" Odds are you will fail and they will collect a challenge fee and wait for you to try again. You are only trading a 10K portion out of a 100K account, again of DEMO money. It's normal, to have a 5-10% drawdown, in this case you're finished if you do. This is no different than ring toss at a carnival and people debating over whether or not it can be done, they are betting you will fail and getting addicted to buying challenges over and...
I guess you are wasting your time here. Just leave ,don't waste your intellect hereafter ..5 posts in 3 yrs.
on a postive roll...
  • #2,756
  • Edited 1:28pm Aug 15, 2020 12:38pm | Edited 1:28pm
Quoting pipmaster77
{quote} Man, you nailed it. Spot on. I look at FTMO as an opportunity to trade a 300K account, since it is a 70% profit split, it is the EXACT equivalent of keeping 100% of a $210,000 account. I am in the US, I have two garbage options to trade with and my funds are not protected. So, my options are to risk my own capital with unregulated, offshore brokers to get better trading conditions (which I have been doing for 6 years) or trade with a US broker with horrible conditions. Either way, I am not putting up 210K where funds are not protected in...
Exactly.

even if a trader fails 20 times in that process of creating 300K FTMO account, it just takes a month(if 10%) or two(if 5%) to get BE and some profit.

Yes, that trader has a choice;
can put that 15K in a trading account and make 10% a month for 18K yearly gain or
can put that towards a prop firm account and make 10% in one month off 300K account for 21K as profit share(70% if that prop firm is FTMO).
even if that trader fails 11 months, that is still 3K more than off that 15K account in that year.

When you maintain that account with acceptable RISK anything beyond that month is PROFIT.
Add the Scaling Plan...DAMN.
The Prop Firm Trading has more plus; yes, there are bunch of negatives. But I know how to mitigate those. You should as well.

It is all about how you plan and manage the risk.

anyway, this is my last post here and I always reply to the people who send messages;
I shared some of my ideas on how to approach these tests and will continue to do that.

What the so called "moron traders" say has no impact on my Trading.

Go for 300K account.

Don't listen to the morons here.
All they do is talk about people; that is a disease.
Their joy comes from putting others down; mocking others; pulling others leg.
Ignore them.
Your joy should come from trading; not the success or fail, in the activity itself.
Adjusting to the conditions and succeed. That is what one should focus.

Wish you all the best. Love you all; over and out.

SK
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 103 KB
Determination + Persistence = Success
  • #2,757
  • Aug 15, 2020 1:28pm Aug 15, 2020 1:28pm
Quoting profitfarmer
{quote} Think max lot size /margin. Just bcos the stopout 5%... What would be able to open on 10k...vs 100k equity? Equal max lot size? Simply your comment isn't correct. Happy weekend! PF
I agree. Since funded account you haven't minimum profit rule, DD limit is not an issue because you can adapt your lot size to one is safe for your trading. If someday reach it maybe he used so high lot size for his trading style.
Try don't lose pants never...
  • #2,758
  • Aug 15, 2020 1:36pm Aug 15, 2020 1:36pm
Lmao so many sad people who don't like having their bubble burst,

Spend the time doing the math, it's not that difficult. You have to day-trade and make a 100% return in 22 days and than a 50% return in 44 days.

Good luck with that, they have openly said 95% of people fail.

Don't spend your life with fake prop firms casinos who want you to fail.
  • #2,759
  • Edited 3:21pm Aug 15, 2020 2:13pm | Edited 3:21pm
Quoting zondaforex
Lmao so many sad people who don't like having their bubble burst, Spend the time doing the math, it's not that difficult. You have to day-trade and make a 100% return in 22 days and than a 50% return in 44 days. Good luck with that, they have openly said 95% of people fail. Don't spend your life with fake prop firms casinos who want you to fail.
Many people even cant be profitable. But that not mean some goals are difficult for others. It depends trader then if it's impossible for you it's ok but maybe others don't see it in same manner
Try don't lose pants never...
  • #2,760
  • Aug 15, 2020 2:38pm Aug 15, 2020 2:38pm
Anyone who has a bad strategy, argues and fights with everyone, is like bad football teams, all the time calculating or counting to see if they qualify.
FTMO has spent time explaining its rules in many ways, it seems perfect to me
Be happy, friendly, humble and winner!!
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