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FTMO - For serious traders

  • #4,341
  • Oct 29, 2020 2:11am Oct 29, 2020 2:11am
Hey people, how is it going?

My first month with FTMO funded account (10k euro). Reached my personal monthly target in about 8 days. Not gonna trade this account until next withdrawal. How is it going for everyone else?

Cheers
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  • #4,342
  • Oct 29, 2020 2:13am Oct 29, 2020 2:13am
Quoting navk
Hey guys, some days ago I posted. I said i am stopping FTMO 100K challenge as i do not have enough days to meet the profit target. I did around 7 % profit after 10 days and then as i was not in desk the earned profits reduced. Other loss objectives are not violated but have 2 more days left. So i decided to take next free challenge after US elections.
FTMO support sent an email to me like this :

"Since you have not violated our Trading Objectives and your final profit is positive, you are entitled to a new complimentary FTMO Challenge. Your new complimentary Challenge is under processing, and you will receive your login credentials shortly."

Will start the new challenge after US elections.
Intraday only.
  • #4,343
  • Oct 29, 2020 2:36am Oct 29, 2020 2:36am
Just signed up for my challenge... Will not start before the election stuff is finished though as I trade an USD-Pair
It's never too late to make a bad trade!
  • #4,344
  • Oct 29, 2020 3:23am Oct 29, 2020 3:23am
Quoting tullamulla
Hey people, how is it going? My first month with FTMO funded account (10k euro). Reached my personal monthly target in about 8 days. Not gonna trade this account until next withdrawal. How is it going for everyone else? Cheers {image}
Good going Chief.
Doesn't the minimum 10 trading days rule apply to funded accounts as well?
  • #4,345
  • Oct 29, 2020 3:27am Oct 29, 2020 3:27am
Quoting Koop
{quote} Good going Chief. Doesn't the minimum 10 trading days rule apply to funded accounts as well?
Yes Chief, minimum 10 trading days. Plan is to throw in a couple of 0.01 trades to meet the time requirement but no trading as such.

Cheers
  • #4,346
  • Oct 29, 2020 9:30am Oct 29, 2020 9:30am
Hi everyone!

After you are accepted and get funded, is there a profit target to get profit split or you just have to be in “green” no matter how much the profit is?
I know there is a target for account growth but I would like to know if there is also a chance to be in profit and not get your 70%.

Thanks for any information you can provide!
  • #4,347
  • Oct 29, 2020 10:41am Oct 29, 2020 10:41am
Quoting Pips-RD
Hi everyone! After you are accepted and get funded, is there a profit target to get profit split or you just have to be in “green” no matter how much the profit is? I know there is a target for account growth but I would like to know if there is also a chance to be in profit and not get your 70%. Thanks for any information you can provide!
No profit target on the funded account. You could continually earn only $50 if you so please.
  • #4,348
  • Oct 30, 2020 5:27am Oct 30, 2020 5:27am
Started the 10K (euro) challenge last Tuesday. Up 4.15% with little to no drawdown thus far. Not going to trade next week due the US presidential elections, so we'll see how the following week pans out. Either way, i won't go negative so i should get a another free run at it if i meet all other parameters.

Cheers!
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  • #4,349
  • Oct 30, 2020 6:08am Oct 30, 2020 6:08am
Quoting langtoni
Started the 10K (euro) challenge last Tuesday. Up 4.15% with little to no drawdown thus far. Not going to trade next week due the US presidential elections, so we'll see how the following week pans out. Either way, i won't go negative so i should get a another free run at it if i meet all other parameters. Cheers! {image}

Good Job. Better safe than sorry.


Does anyone know if the volatility expected in the course of the whole election/polling process could last well beyond next week?
  • #4,350
  • Oct 30, 2020 3:04pm Oct 30, 2020 3:04pm
Lol, FTMO is a genius at marketing, getting people to pay for demo accounts.

I will tear the world apart for you.
  • #4,351
  • Edited 5:31pm Oct 30, 2020 5:11pm | Edited 5:31pm
Quoting Barnell
Lol, FTMO is a genius at marketing, getting people to pay for demo accounts.
Yep, here we go. Every couple of weeks a new clown visits. Let me guess, we should just grow our own accounts, who needs a prop firm, etc etc. Let me make another guess, you have your own 300K account. What's your agenda? What are you selling? Are you just member name OutThere under a new name?
  • #4,352
  • Oct 30, 2020 9:59pm Oct 30, 2020 9:59pm
Quoting Dmh
{quote} https://ftmo.com/en/#maximum-loss
How do you explain this, Max daily loss is bigger than max loss? since max loss is cumulative during challenge&verification period and even max daily loss is reset to zero every 24h?
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  • #4,353
  • Oct 30, 2020 10:04pm Oct 30, 2020 10:04pm
Quoting pipmaster77
{quote} Yep, here we go. Every couple of weeks a new clown visits. Let me guess, we should just grow our own accounts, who needs a prop firm, etc etc. Let me make another guess, you have your own 300K account. What's your agenda? What are you selling? Are you just member name OutThere under a new name?
STFU


For your info, I'm preparing to commit to another funding outlet 10 times better than this joint while as Barnell said, you clowns are paying for demo accounts here.
  • #4,354
  • Oct 30, 2020 11:30pm Oct 30, 2020 11:30pm
Quoting Barnell
Lol, FTMO is a genius at marketing, getting people to pay for demo accounts.

No kidding...the worst part is FTMO refunds the paid fee once the trader gets them some profit in the first month.
Determination + Persistence = Success
  • #4,355
  • Oct 30, 2020 11:46pm Oct 30, 2020 11:46pm
Quoting Koop
{quote} Good Job. Better safe than sorry. Does anyone know if the volatility expected in the course of the whole election/polling process could last well beyond next week?
Using last election as an example, market range was much tigher once NY closed. Then it trended the whole week after it was announced Trump won.

The consistent part will always be that price ends up at a supply and demand zone, which we're at on most pairs. So technicals won't matter with hard data/sentiment outbreak. It'll be a guess whether it breaks the level or rejects. But I'm sure there are many out there that will gamble it.

I don't mind trading on Monday if there are no major reactions from weekend exit polls. But I'll still try and keep it to Asia. Then it's all about waiting for the results.
The best strategy is a profitable one.
  • #4,356
  • Oct 31, 2020 1:56am Oct 31, 2020 1:56am
In the FTMO Challenge...
first challenge is 10% and 30 days. Is this 30 calender days? or is it 30 Trading days?
  • #4,357
  • Oct 31, 2020 3:20am Oct 31, 2020 3:20am
Quoting pipmaster77
{quote} Yep, here we go. Every couple of weeks a new clown visits. Let me guess, we should just grow our own accounts, who needs a prop firm, etc etc. Let me make another guess, you have your own 300K account. What's your agenda? What are you selling? Are you just member name OutThere under a new name?
Calm yourself, never said that FTMO is a scam. It is a fact that FTMO is making you guys pay for demo accounts. It's plain good marketing that you guys believe they charge you to simulate a "stressful" environment.

Here's 2 reasons why that claim is BS:
1. FTMO claims this to be mutually beneficial and they want to find good traders-surely opening up demo accounts to find talents is a fair "price", if any, for them to pay?
2. Isn't the chance to manage a fund sufficient motivation to win?

The fact is, 99% of traders lose money, regardless of parameters. You add in parameters, decide for yourself how many traders will make money. So basically, FTMO charges people for signing up and attempting a likely to fail challenge. Absolutely genius.
I will tear the world apart for you.
  • #4,358
  • Oct 31, 2020 3:40am Oct 31, 2020 3:40am
Quoting Barnell
{quote} Calm yourself, never said that FTMO is a scam. It is a fact that FTMO is making you guys pay for demo accounts. It's plain good marketing that you guys believe they charge you to simulate a "stressful" environment. Here's 2 reasons why that claim is BS: 1. FTMO claims this to be mutually beneficial and they want to find good traders-surely opening up demo accounts to find talents is a fair "price", if any, for them to pay? 2. Isn't the chance to manage a fund sufficient motivation to win? The fact is, 99% of traders lose money, regardless...
With all due respect, its not FTMO's genius but rather new retail traders inability to be patient. Anyone can open as many demo accounts as they want, train themselves and ensure they can meet the requirements of the challenge before taking a single cent out of their pocket. If a trader has never achieved close or near to 10% return in a month a long with the drawdown parameters e.t.c, it's on them if they pay for a challenge they will clearly fail.
  • #4,359
  • Oct 31, 2020 3:43am Oct 31, 2020 3:43am
Quoting langtoni
{quote} With all due respect, its not FTMO's genius but rather new retail traders inability to be patient. Anyone can open as many demo accounts as they want, train themselves and ensure they can meet the requirements of the challenge before taking a single cent out of their pocket. If a trader has never achieved close or near to 10% return in a month a long with the drawdown parameters e.t.c, it's on them if they pay for a challenge they will clearly fail.
You're a wise man.

You're right, it is the new retail traders who are foolish!

My apologies to FTMO.
I will tear the world apart for you.
  • #4,360
  • Oct 31, 2020 3:51am Oct 31, 2020 3:51am
Quoting Barnell
{quote} You're a wise man. You're right, it is the new retail traders who are foolish! My apologies to FTMO.
Simple fact is you can take as much time as you want, at no charge to prepare. If you jump straight in, with no track record, you'll get burned and rightly so. That's simply fact and no amount of laughing emojis and bland hollow statements will change that. Good luck!
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