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FTMO - For serious traders

  • #2,961
  • Aug 24, 2020 4:55am Aug 24, 2020 4:55am
Quoting Masterrmind
{quote} Personally I wouldn't even bother. Just save up and pay the fee yourself. Keep a watch out for hidden agendas and the potential added risk involved. Due diligence required. Good trading, Masterrmind ........
The challenge is also double the FTMO criteria - IE you have to get 10% in 14 days not 30 days.

Cheers all
maahome
  • #2,962
  • Aug 24, 2020 5:27am Aug 24, 2020 5:27am
Quoting Phylo
{quote} No other suggestion other than re-run the original install file - if still on the computer (usually downloaded to the download folder).

Woke up this morning and it is all working again
  • #2,963
  • Aug 24, 2020 5:35am Aug 24, 2020 5:35am
Quoting akamrp
{quote} Woke up this morning and it is all working again
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #2,964
  • Aug 24, 2020 6:04am Aug 24, 2020 6:04am
Quoting maahome
{quote} The challenge is also double the FTMO criteria - IE you have to get 10% in 14 days not 30 days. Cheers all maahome
Exactly.

Just another reason to be very wary.

Masterrmind ..........
Master your Mind then Master your Trades
  • #2,965
  • Aug 24, 2020 6:12am Aug 24, 2020 6:12am
Quoting fx75
https://www.youtube.com/watch?v=26kQBRTqtyM https://www.youtube.com/watch?v=um8vLVeDxco&t=919s
wow, he's risking more than 1% per trade ... and scaling aggressively. I watched some of his videos, I think he is just used to trading larger accounts.

Quoting hasib
I am drowning attention to FTMO Management. I wanted to join FTMO but I found trader but I recently found https://traderseed.io/. They are offering 66% discount on FTMO funded program. Is it real or not. here is his Youtube https://youtu.be/YtX_elwh7CA. Please let me know I will join FTMO Challenge as soon as possible. Thanks {image}
Smart guy, well, not all traders have funds, so maybe some can go ahead with his offer, I hope someone can confirm if this is legit for some of our fellow traders looking for other options to get funded.Then probably leave after 2~3 profitable months then enroll themselves.

----------------------------------------------

So far no issues with my MT4 account using the old server, I just relog-in and it works fine.
Being in drawdown sucks and repeating to 0 also sucks.

Will probably decrease my risk to 0.3% per trade once I passed the verification stage (hopefully). Once I have 10% profit, increase the risk to 0.5%, then once 20% profit is achieved, increase to 0.9%. Any profit above 20% (net FTMO's share) will be withdrawn. I think this can be another approach for those winter times we are discussing in this thread.

----------------------------------------------

Anyone here playing with FTMO's equity simulator? I find it somehow accurate.
adapt or be killed
  • #2,966
  • Aug 24, 2020 6:16am Aug 24, 2020 6:16am
Quoting fx75
https://www.youtube.com/watch?v=26kQBRTqtyM https://www.youtube.com/watch?v=um8vLVeDxco&t=919s
I truly can't stand him. You can tell that he is acting with his ghetto speech because he breaks character regularly.
  • #2,967
  • Aug 24, 2020 6:44am Aug 24, 2020 6:44am
I remember Tomas saying before (in response to someone's question) that the Trader Seed guy had FTMO's permission to do what he was doing-- and that he was putting his own funds at risk by sponsoring people.

It used to be totally free, if my recollection is correct, but I think that now he asks for a certain portion of the Challenge fee.
Amor Fati--F. Nietzsche
  • #2,968
  • Aug 24, 2020 8:02am Aug 24, 2020 8:02am
Quoting doji
I remember Tomas saying before (in response to someone's question) that the Trader Seed guy had FTMO's permission to do what he was doing-- and that he was putting his own funds at risk by sponsoring people. It used to be totally free, if my recollection is correct, but I think that now he asks for a certain portion of the Challenge fee.
You're right, Thomas did speak about him before & mentioned that he's an FTMO partner so the guy is legit. The programme has never been free though because the guy puts his own money at risk by paying for challenges. I'd say it's a good deal for someone without much cash to spend.
Everything you want in life is on the other side of fear.
  • #2,969
  • Edited 9:52am Aug 24, 2020 9:28am | Edited 9:52am
50K Challenge going well...........FTMO rules respected. Trading without rules is like gambling at the casino

FTMO, thank you for giving us the opportunity to trade your money. Soon
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  • #2,970
  • Aug 24, 2020 11:39am Aug 24, 2020 11:39am
Quoting Masterrmind
Have now purchased 3 by 100K challenges in total. All 3 will be traded via cTrader. Looking forward to making a start Monday. Good trading, Masterrmind ........
Why did you choose cTrader above the "standard" MT4 if I may ask? And good luck of course! :-)
  • #2,971
  • Aug 24, 2020 11:53am Aug 24, 2020 11:53am
Sharing trades is not a sin guys. If we share we can all be winners. No need to compete. Some of you are good with currencies, others are good with indices or cryptos. If we combine our strength will have eyes on big part of the market. All we need to do as individual is to take trades that are inline with individual strategies.

I am purely a lone ranger but I know how it feels to fail and don't know where to ask for help.

FTMO needs traders, let us give them what they need - Trades and account growth.

Trading financial Markets without fear
  • #2,972
  • Aug 24, 2020 11:57am Aug 24, 2020 11:57am
Quoting Phronesis24
Sharing trades is not a sin guys. If we share we can all be winners. No need to compete. Some of you are good with currencies, others are good with indices or cryptos. If we combine our strength will have eyes on big part of the market. All we need to do as individual is to take trades that are inline with individual strategies. I am purely a lone ranger but I know how it feels to fail and don't know where to ask for help. FTMO needs traders, let us give them what they need - Trades and account growth. Trading financial Markets without fear
Sharing trades does not work as well as you think...
  • #2,973
  • Aug 24, 2020 12:22pm Aug 24, 2020 12:22pm
Quoting viptrading
{quote} Sharing trades does not work as well as you think...
I know that most of the guys who passed the challenge, verification and are funded will not share trades because they are winning already and they are able to trade within FTMO rules.

What about others?
  • #2,974
  • Aug 24, 2020 12:40pm Aug 24, 2020 12:40pm
sharing trades removes an edge... I'd rather make money myself than fail as a group
  • #2,975
  • Aug 24, 2020 1:05pm Aug 24, 2020 1:05pm
Quoting Takisd
sharing trades removes an edge... I'd rather make money myself than fail as a group
I agree. Main idea trading forex is to be independent. If you depends of others then not difference with to be employee in any job
Try don't lose pants never...
  • #2,976
  • Aug 24, 2020 1:35pm Aug 24, 2020 1:35pm
Quoting Phronesis24
{quote} I know that most of the guys who passed the challenge, verification and are funded will not share trades because they are winning already and they are able to trade within FTMO rules. What about others?
Well, for me by the time I post my trade entry it is already too late most of the time. Plus, copying trades does not work for many reasons....
Let's say I am having an amazing month and I am up 20%, and you start copying my trades during the last week of the month and I experience a draw-down of 10%.
I will still be up 10% for the month while you will be down 10%....

This is why signals do not work, unless you are copying from the beginning, you will not have the same returns as the master account..

This, and many other reasons why its best to just trade your own strategy.

It has nothing to do with (sharing your edge reduces viability of a strategy) we are not trading billions of dollars here, so that will not effect the market. There are a host of other reasons that make what you are suggesting a lot harder than simply trading for yourself....
  • #2,977
  • Aug 24, 2020 1:58pm Aug 24, 2020 1:58pm
I do understand and will respect your views gentlemen. See you on the other side
  • #2,978
  • Aug 24, 2020 2:04pm Aug 24, 2020 2:04pm
Quoting Phronesis24
I do understand and will respect your views gentlemen. See you on the other side
If you need help developing your system or improving your skills, money management talks etc. You can join my free telegram group, I have some other FTMO traders in there as well, we are all just in there discussing trades and the market live.

Also, sometimes we do zoom meetings.

PM me for the link you are more than welcome.
  • #2,979
  • Edited 5:48pm Aug 24, 2020 3:16pm | Edited 5:48pm
“I think investment psychology is by far the more important element, followed by risk control, with the least important consideration being the question of where you buy and sell.” ~Tom Basso

FTMO helps us with:

1) Account Matrix (risk control improvement)
2) Trading Psychology

The least important consideration is up to us, individually...
  • #2,980
  • Edited 8:21pm Aug 24, 2020 7:19pm | Edited 8:21pm
Any struggling trader interested in this challenge i can trade and pass it for you while you learn.

Its better to learn and gain experience with this risking small money( infact this provides high Reward:risk ratio) than with your real money or with demo.


PM me for details.
Without despair & distraught, focus on Patience to FRESH MOTiVES.
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