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FTMO - For serious traders

  • #4,001
  • Oct 4, 2020 7:18am Oct 4, 2020 7:18am
Quoting 4for4
{quote} Thanks for the advice, but no, I’m content with what I’m currently doing without any restriction ... Btw, no crazy person can give great advices, so OutThere is not crazy ... Thanks again for trying to help me, OutThere ...
Lol I don't remember giving you any advice, I basically questioned your logic.

Also, if you were content with what you're currently doing, what are you doing posting your results here asking if you could pass? Lmao stop kidding around.

Good luck!!
  • #4,002
  • Oct 4, 2020 7:33am Oct 4, 2020 7:33am
Quoting Koop
{quote} Lol I don't remember giving you any advice, I basically questioned your logic. Also, if you were content with what you're currently doing, what are you doing posting your results here asking if you could pass? Lmao stop kidding around. Good luck!!
It was before OutThere gave a great advice and profitfarmer gave his review ...
Market is not random but unpredictable
  • #4,003
  • Oct 4, 2020 8:29am Oct 4, 2020 8:29am
Quoting pipmaster77
{quote} It's on their site, under scaling plan.
On their site on scaling plan page, they don't talk about maximum capital allocation at all. Otherwise, on "How many accounts can I have?" page, you can read:
"the maximum allocation per trader or strategy is $300,000 once you become our FTMO Trader ..... This is due to a risk diversification as we don’t want to allocate a big portion of our investment on one card.... If we discover the identically traded strategies throughout various accounts and exceeding $300,000 in the allocated capital value, we reserve the right to suspend those accounts as per the T&Cs."

Here what I understand is that becouse of their risk diversification management they do not admit that a single trader (or more then a trader using the same strategy) trade more then 300k.
I repeat: it is not clear at all basing only on their faq pages.
Then, if someone of their staff came here and precise that scaling plan is not affected by their risk diversification rules, fine. I'm happy like you about that
  • #4,004
  • Oct 4, 2020 8:35am Oct 4, 2020 8:35am
Quoting Atenoip
{quote} On their site on scaling plan page, they don't talk about maximum capital allocation at all. Otherwise, on "How many accounts can I have?" page, you can read: "the maximum allocation per trader or strategy is $300,000 once you become our FTMO Trader ..... This is due to a risk diversification as we don’t want to allocate a big portion of our investment on one card.... If we discover the identically traded strategies throughout various accounts and exceeding $300,000 in the allocated capital value, we reserve the right to suspend those accounts...

Understandable. It's been clarified here by one of them... Tomas I think. 300k is the Maximum you could purchase on your own, but if you meet the scaling plan requirements you are entitled to the promised 25% bump in your balance beyond the 300k threshold.
  • #4,005
  • Oct 4, 2020 8:40am Oct 4, 2020 8:40am
All are speculating about how much capital can have as soon as trying to adopt strategy to own at last 10 K challange is more important that all empty debates
  • #4,006
  • Oct 4, 2020 9:00am Oct 4, 2020 9:00am
Quoting mizi123
All are speculating about how much capital can have as soon as trying to adopt strategy to own at last 10 K challange is more important that all empty debates
Are you sure? Do you think your sentence is useful for someone?
Now I know that there is no limit to the scaling plan, that debate was helpful for me and maybe for other people reading.
You knwo, pass the challange and verification is not easy. If someone decide to start a working collaboration with ftmo they have to plan in details and to do that they have to know details.

A thing that I do not understand is: why a person should go for a 10k challange? You have the same difficulties to pass and 1/10 of the capital allocation. If ftmo is legit 100k challange is the only reasonable way to start in my opinion
  • #4,007
  • Oct 4, 2020 9:07am Oct 4, 2020 9:07am
Quoting Atenoip
{quote} Are you sure? Do you think your sentence is useful for someone? Now I know that there is no limit to the scaling plan, that debate was helpful for me and maybe for other people reading. You knwo, pass the challange and verification is not easy. If someone decide to start a working collaboration with ftmo they have to plan in details and to do that they have to know details. A thing that I do not understand is: why a person should go for a 10k challange? You have the same difficulties to pass and 1/10 of the capital allocation. If ftmo is...
i agree. effort to pass the challenge and verification is same for 10k as well as 100k.
Intraday only.
  • #4,008
  • Oct 4, 2020 9:09am Oct 4, 2020 9:09am
Quoting Atenoip
{quote} Are you sure? Do you think your sentence is useful for someone? Now I know that there is no limit to the scaling plan, that debate was helpful for me and maybe for other people reading. You knwo, pass the challange and verification is not easy. If someone decide to start a working collaboration with ftmo they have to plan in details and to do that they have to know details. A thing that I do not understand is: why a person should go for a 10k challange? You have the same difficulties to pass and 1/10 of the capital allocation. If ftmo is...
If you are not mature to deal with 10K account 100K for you (i mean for someone psicollogical stress and presure) is another thing, by the way in my area (state) 5% of 10K account is better than so many jobs that you can have, 25K outcome can put you on side of luxury "animals"
  • #4,009
  • Oct 4, 2020 9:11am Oct 4, 2020 9:11am
Quoting navk
{quote} i agree. effort to pass the challenge and verification is same for 10k as well as 100k.
Belive me the stres and presure is not the same....
  • #4,010
  • Oct 4, 2020 9:16am Oct 4, 2020 9:16am
Quoting Koop
{quote} Finally, you gave the only reasonable advice after your long irrelevant rant. Lmao I've had quite a good laugh reading your posts... I can't even tell if you're serious though, but If you are, using statements and words like "I won't bow", " master and slave" , "pawn", " I can't be humbled " "like a good boy"... Like Damn son, what kind of destructive insecurities are you dealing with? An investor offers you large sums of money (that many traders do not have access to) to trade for them and allows you keep 70% of the profits monthly, while...
Yah, I spent too much time on this.

I just don't like one way agreements. I don't feel like being treated like an expandable useful idiot to someone for a price.

I haven't criticized anyone for being one. They can happily go sign their names under that contract and do as they are told and collect their pay check.

I just value my skills more than they do. I might still find ways to use OPM or free investment or whatever you call it but it will be on my terms. When I trade my own money, it is 100% on my terms. If I trade some else's money, it will be 100% my terms except they get a cut. No middle man to monkey around with what I should and shouldn't do.

The main point you missed was that I don't need their money. I can live on my own funds and grow them too. It's a matter of time. If there is a will, there is a way. If I FAIL making it on my own, these middle man companies will always be there to take my cash and dictate me the terms and if I am so desperate as you, I will accept the shackle and the short leash because I will be at the end of my wits.
  • #4,011
  • Oct 4, 2020 9:16am Oct 4, 2020 9:16am
Quoting Atenoip
{quote} Are you sure? Do you think your sentence is useful for someone? Now I know that there is no limit to the scaling plan, that debate was helpful for me and maybe for other people reading. You knwo, pass the challange and verification is not easy. If someone decide to start a working collaboration with ftmo they have to plan in details and to do that they have to know details. A thing that I do not understand is: why a person should go for a 10k challange? You have the same difficulties to pass and 1/10 of the capital allocation. If ftmo is...
There are traders around the globe. Some traders only have access to very low income and or capital and only need a few $$$ to trade for a living.

Let's simplify things and assume my examples below are for a trader with a consistent profitable strategy and earning around 10% a month.

For example:

A trader living in a first world country may have access to a payroll wage of $100 per day. And they need ~$50 to live for the day. Let's assume due to this, he already has access to $10k capital and earning 10% per month. For this scenario, the trader would likely save up ~$640 for a few weeks or months to get a chance and take the 100k evaluation. This trader is used to high risk. Risking around $100-$200 per trade so that means this trader is like risking around 6% to take the evaluation.

Now let's take another story for someone in a third world country where payroll is somewhere in between $10-$20 per day. Everything changes. It is extremely possible that this trader doesn't have enough capital to even trade their own money. But let's assume they have a $1k capital wherein they still earn 10% per month which is around $100. This trader would likely get the 10k evaluation instead of the 100k as the risk is much smaller and tolerable.

A $10k capital for our first world trader is considered a small but when seen in the eyes of a third world trader, it's a huge capital.

Aside from these examples, other factors are:
1. Readiness to handle capital. ie psychological impact of having hundreds or thousands of $$ or % profits/losses.
2. Regulations? Like taxes, providing services overseas, anything legal.
3. Lack of initial funds.
4. Experienced demo trader.

Hope this helps.
adapt or be killed
  • #4,012
  • Oct 4, 2020 9:20am Oct 4, 2020 9:20am
Quoting 4for4
{quote} Thanks for the advice, but no, I’m content with what I’m currently doing without any restriction ... Btw, no crazy person can give great advices, so OutThere is not crazy ... Thanks again for trying to help me, OutThere ...
You very welcome.
You do what you need to do regardless of my advice or others.
  • #4,013
  • Oct 4, 2020 9:23am Oct 4, 2020 9:23am
To be a profitable trader you need technological instruments, scientific background, A LOT of study, a lot of time, capitals and much more. I don't think that kind of skills are compatible with a third word unlucky guy but maybe I'm wrong..
  • #4,014
  • Oct 4, 2020 9:24am Oct 4, 2020 9:24am
Quoting mizi123
{quote} Belive me the stres and presure is not the same....
it is not same, true, but as stated, we must learn this aspect to trade higher capital, and that is the whole idea we get into this proprietary firms.
Intraday only.
  • #4,015
  • Edited 9:53am Oct 4, 2020 9:26am | Edited 9:53am
Quoting Atenoip
To be a profitable trader you need technological instruments, scientific background, A LOT of study, a lot of time, capitals and much more. I don't think that kind of skills are compatible with a third word unlucky guy but maybe I'm wrong..
and also, expenses are more..Income has to be more too. In short, need is more.
1k per month is considered verygood income in a third world country where cost of living is less, whereas 10k per month in first world is reasonable income after paying hefty 35 % taxes, Insurance, mortgage etc.
Intraday only.
  • #4,016
  • Oct 4, 2020 10:04am Oct 4, 2020 10:04am
Quoting OutThere
{quote} Yah, I spent too much time on this. I just don't like one way agreements. I don't feel like being treated like an expandable useful idiot to someone for a price. I haven't criticized anyone for being one. They can happily go sign their names under that contract and do as they are told and collect their pay check. I just value my skills more than they do. I might still find ways to use OPM or free investment or whatever you call it but it will be on my terms. When I trade my own money, it is 100% on my terms. If I trade some else's money,...
Coming from someone who paid for an EA that promised 100% profits and attributed the decision to greed, saying that you were already profitable but wanted more.... Your whole reply sounds pretty dishonest.

You were greedy enough to go for such inane promises, but too big to sign up to receive more capital to trade under a few rules? Lol you're not fooling anyone man.

It's okay if you tried and couldn't pass the challenge, but don't let your pride rob you of a chance to improve.
  • #4,017
  • Oct 4, 2020 10:08am Oct 4, 2020 10:08am
Quoting Atenoip
{quote} On their site on scaling plan page, they don't talk about maximum capital allocation at all. Otherwise, on "How many accounts can I have?" page, you can read: "the maximum allocation per trader or strategy is $300,000 once you become our FTMO Trader ..... This is due to a risk diversification as we don’t want to allocate a big portion of our investment on one card.... If we discover the identically traded strategies throughout various accounts and exceeding $300,000 in the allocated capital value, we reserve the right to suspend those accounts...
From the ftmo site:

https://ftmo.com/en/scaling-plan/
  • #4,018
  • Oct 4, 2020 10:13am Oct 4, 2020 10:13am
Quoting Koop
{quote} Finally, you gave the only reasonable advice after your long irrelevant rant. Lmao I've had quite a good laugh reading your posts... I can't even tell if you're serious though, but If you are, using statements and words like "I won't bow", " master and slave" , "pawn", " I can't be humbled " "like a good boy"... Like Damn son, what kind of destructive insecurities are you dealing with? An investor offers you large sums of money (that many traders do not have access to) to trade for them and allows you keep 70% of the profits monthly, while...
Yes, Koop 100% agree. Even if you do have $300K disposable income to trade with, why put your own money at risk when such opportunities are available?
  • #4,019
  • Edited 10:44am Oct 4, 2020 10:33am | Edited 10:44am
Quoting Koop
{quote} Coming from someone who paid for an EA that promised 100% profits and attributed the decision to greed, saying that you were already profitable but wanted more.... Your whole reply sounds pretty dishonest. You were greedy enough to go for such inane promises, but too big to sign up to receive more capital to trade under a few rules? Lol you're not fooling anyone man. It's okay if you tried and couldn't pass the challenge, but don't let your pride rob you of a chance to improve.
I just wanted to prove that was a scam and was willing to pay for it. It was 100% my decision and on my terms. I probably saved a whole lot of ppl from him.

Nice try to connect that with this subject. Did you use a lot of elastic bands to connect the two?

Also, you don't have to follow or act on my 'reply' or be fooled by me. Do what you need to do. Who is stopping you? And, no I haven't tried and not pass their challenge. All I wanted to do was to hook up my real account to their demo or whatever their method is and have them make money on my behalf on the side but their rules may get in the way of my trading sometimes. As such I'd need to start a demo just for providing them signals based on their restrictions. Too much work ATM. Maybe later if I am desperate as I mentioned before.
  • #4,020
  • Oct 4, 2020 11:05am Oct 4, 2020 11:05am
Quoting pipmaster77
{quote} Yes, Koop 100% agree. Even if you do have $300K disposable income to trade with, why put your own money at risk when such opportunities are available?
Koop and pipmaster77 agreeing is already a win for FTMO..

People,

FTMO is a good source of income...unprofessionalism with the: servers, common errors, bad quotes, bad candles, bad gaps, etc..is a part of doing business with them.

Now, go and get some of their capital and stop bitching...as soon as you get that profit split, you will feel better. Guaranteed!
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