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FTMO - For serious traders

  • #4,361
  • Oct 31, 2020 4:33am Oct 31, 2020 4:33am
Quoting vinforex7
In the FTMO Challenge... first challenge is 10% and 30 days. Is this 30 calender days? or is it 30 Trading days?
Challenges are 30 calendar days ...

Therefore:
1) Think carefully about when you start, check the calendar, count the weekdays, some months give you more trading days than others.
2) Check if you will be affected by markets closing on public holidays (you will lose trading days: Thanksgiving, Christmas, New Year)
3) Unless you have experience of trading through a US election, I suggest waiting a week before starting a new challenge.

... so most months will give you 20 days of potential trading.
Always read Post #1
  • #4,362
  • Oct 31, 2020 7:30am Oct 31, 2020 7:30am
Quoting OutThere
{quote} 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.
Who is 10x better than ftmo? You and other haters come here telling with your loud mouth how ftmo is bad and the competition is better? Who is that? Every fx prop firm existing has been mentioned here and there is nobody better. So please do tell us?
  • #4,363
  • Oct 31, 2020 7:31am Oct 31, 2020 7:31am
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.
Do you know if they replicate their «live trading conditions », aka dirty slippages, in their trials or not?
Don't give up on your dreams. Keep sleeping.
  • #4,364
  • Oct 31, 2020 7:34am Oct 31, 2020 7:34am
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...
Do you trade with any other prop firm?
Anything above the line is an uptrend, below the line is a downtrend.
  • #4,365
  • Oct 31, 2020 7:40am Oct 31, 2020 7:40am
Quoting Degolep
{quote} Do you trade with any other prop firm?
Nope. I have no affiliations with any corporations.
I will tear the world apart for you.
  • #4,366
  • Oct 31, 2020 7:40am Oct 31, 2020 7:40am
Quoting OutThere
{quote} 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.
Lol bullshit! What funding outlet could that be? please help oh dear OutThere. Who cares if it's a demo account if profits are being paid out? Lmao this is so difficult to understand. Do you want to get paid for your efforts or want to whine about whether the accounts are live or demo?

As far as i know the only firms offering Live accounts from the start only allow you trade with a leverage of 1:3 or 1:5 at most. So please tell us what firm you are speaking of and how their terms are any where comparable to better than FTMO or other popular options?

I have missed your comments though haha
  • #4,367
  • Oct 31, 2020 7:42am Oct 31, 2020 7:42am
Quoting OutThere
{quote} 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.
Why are you still here posting trash? It was very normal for past 2 weeks when you werent posting.
Quoting Barnell
{quote} Nope. I have no affiliations with any corporations.
So how can you say something about a prop firm if you dont have any experience trading with a prop firm?
Anything above the line is an uptrend, below the line is a downtrend.
  • #4,368
  • Oct 31, 2020 8:01am Oct 31, 2020 8:01am
Quoting Degolep
{ {quote} So how can you say something about a prop firm if you dont have any experience trading with a prop firm?
Calm down, I never said FTMO is a scam. Are you trading for them?

Also, if you must know, I used to be in investment banking, so I do know much about "prop firms".
I will tear the world apart for you.
  • #4,369
  • Oct 31, 2020 8:07am Oct 31, 2020 8:07am
Quoting Barnell
{quote} Calm down, I never said FTMO is a scam. Are you trading for them? Also, if you must know, I used to be in investment banking, so I do know much about "prop firms".
Yes I have completed my challenge waiting minimum 10 days to get my verification.

I am just want to say if someone does something different it doesnt mean is wrong. If they use demo account its not wrong.
Anything above the line is an uptrend, below the line is a downtrend.
  • #4,370
  • Oct 31, 2020 8:08am Oct 31, 2020 8:08am
Quoting Degolep
{quote} Yes I have completed my challenge waiting minimum 10 days to get my verification. I am just want to say if someone does something different it doesnt mean is wrong. If they use demo account its not wrong.
So how much would they be funding you and what are the conditions? How much would be your cut?
I will tear the world apart for you.
  • #4,371
  • Oct 31, 2020 8:15am Oct 31, 2020 8:15am
Quoting Artcool
{quote} Do you know if they replicate their «live trading conditions », aka dirty slippages, in their trials or not?
Can't speak to that yet, slippage is part of the game though, at any broker. I've seen slippage being mentioned here, so it's something I'll monitor and take on board. At least there is some substance to your question unlike Barnell and his/her hot air.
  • #4,372
  • Oct 31, 2020 8:19am Oct 31, 2020 8:19am
Quoting langtoni
{quote} Can't speak to that yet, slippage is part of the game though, at any broker. I've read slippage being mentioned here, so it's something I'll monitor and take on board. At least there is some substance to your question unlike Barnell and his/her hot air.
Sweetheart, you just begun the challenge like last week (see below) and you're already an evangelist for FTMO?

You need to calm down.

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!
I will tear the world apart for you.
  • #4,373
  • Oct 31, 2020 8:28am Oct 31, 2020 8:28am
Quoting Barnell
{quote} Sweetheart, you just begun the challenge like last week (see below) and you're already an evangelist for FTMO? You need to calm down. {quote}
Calm as a cucumber mate, don't worry. But trying to figure out why my taking the challenge a week ago has anything to do with your initial statement here? You're all over the shop in your narrative. Your logic is that since I'm only a week into the challenge I can't state fact, which is that most novice retail traders are crap traders. It takes time to understand trading psychology and truly master a strategy. But if a novice trader wants to blow his/her load early and spend money on a challenge, then that's their problem, not FTMO's. It's what is reffered to as general cop on.
  • #4,374
  • Oct 31, 2020 8:32am Oct 31, 2020 8:32am
Quoting langtoni
{quote} Calm as a cucumber mate, don't worry. But trying to figure out why my taking the challenge a week ago has anything to do with your initial statement here? You're all over the shop in your narrative. Your logic is that since I'm only a week into the challenge I can't state fact, which is that most novice retail traders are crap traders. It takes time to understand trading psychology and truly master a strategy. But if a novice trader wants to blow his/her load early and spend money on a challenge, then that's their problem, not FTMO's. It's...
I do not have a narrative. I did not say you can't state facts. I am only asking you to calm down, it is not as if FTMO paid you or anything. You have not had any success with FTMO, at least not yet.

I merely stated that FTMO is a genius for making people pay for demo accounts which is a fact. At no point did I say that FTMO is a scam or that they will not pay out.
I will tear the world apart for you.
  • #4,375
  • Edited 9:11am Oct 31, 2020 8:46am | Edited 9:11am
Quoting Barnell
{quote}I merely stated that FTMO is a genius for making people pay for demo accounts which is a fact.
People are not paying for a demo account, they are paying for the chance to pass a test that will allow them to trade a demo account at ZERO cost (fee refunded if successful) for the opportunity of making a decent income from monthly profits as low as 3% or 5%. Unfortunately, most big egos or rookies never prepare themselves prior to taking such a test and waste all their hard-earned money.
  • #4,376
  • Oct 31, 2020 8:48am Oct 31, 2020 8:48am
It's weekend and clowns are on their parade, buiseness as usual.
Don't respond to the negativity, they will find their level field elsewhere.
on a postive roll...
  • #4,377
  • Oct 31, 2020 8:57am Oct 31, 2020 8:57am
Quoting Barnell
{quote} So how much would they be funding you and what are the conditions? How much would be your cut?
It's all right there on their site. Once again, shows how folks who have negative comments never even bother to research. I'll give you my experience, passed 100K challenge with 4-5 days to spare (needed 10% in 30 days), passed verification within 2 weeks(need 5% in 60 days), I am now trading 100K account, my cut is 70%. I am taking 2 additional challenges after the election to bring my funding to 300K. So I will be earning $20K plus per month without a single penny of my own money at risk, except the initial $636, which was refunded in the first profit split. Wow, what a horrible deal this is.
You say FTMO are masters at marketing, actually forex brokers are even better. That's who the real credit should go to. FTMO doesn't hide the fact that 92% of traders fail the challenge. It cost you $600 to learn you cannot trade. That number doesn't change when you trade your own account, so there are many, many folks who have probably lost tens of thousands of dollars just opening up forex accounts and trading blindly.
In either case, it's your own due-diligence which is required. It's personal responsibility over your own money.
Bottom line is.....if you're in the 8% and wish to earn a living, you need more funding than, I'll openly admit, I'm willing to commit to my own account. Most don't have access to anywhere close to what FTMO( or other prop firms) offer in funding. Grinding a small account will get you there in about 5 years, but you will take unnecessary risks (and blow the account) along the way to get there quicker as only a small few will have the discipline to not deviate from the plan. So, IF YOU CAN TRADE, and want to earn more than "hobby" money, how can you not view this as a life-changing opportunity?
Now, everyone please read this entire post, there is not a hole in it, there is no logical objection that can be presented, but watch, you will see and I'm sure we can predict their names as well, there will now be replies that take bits and pieces and try to put holes in it. Kind of reminds me of the media. Have a great day all, I'm going to enjoy my FTMO profits!
  • #4,378
  • Oct 31, 2020 9:10am Oct 31, 2020 9:10am
Quoting Barnell
{quote} So how much would they be funding you and what are the conditions? How much would be your cut?
https://www.forexfactory.com/thread/...6#post13233666

Did you even read the ftmo webpage?
Anything above the line is an uptrend, below the line is a downtrend.
  • #4,379
  • Oct 31, 2020 9:48am Oct 31, 2020 9:48am
Does anybody get spam phone calls about some trading courses to buy?
Don't give up on your dreams. Keep sleeping.
  • #4,380
  • Oct 31, 2020 10:10am Oct 31, 2020 10:10am
Quoting pipmaster77
{quote} It's all right there on their site. Once again, shows how folks who have negative comments never even bother to research. I'll give you my experience, passed 100K challenge with 4-5 days to spare (needed 10% in 30 days), passed verification within 2 weeks(need 5% in 60 days), I am now trading 100K account, my cut is 70%. I am taking 2 additional challenges after the election to bring my funding to 300K. So I will be earning $20K plus per month without a single penny of my own money at risk, except the initial $636, which was refunded in...

Lol I don't know how many more times you're going to have to repeat this. At this point, anyone still incapable of understanding these simple benefits is either just bitter due to an inability to pass the challenge, completely ignorant of what the whole process entails or just too cynical to believe in the possibilities that such an opportunity could present.

OuTThere is definitely bitter though, a little cynical even..
Artcool is Cynical too haha... the FX environment will make you that way


Barnell, FTMO is not genius for making people pay for Demo accounts, every other prop firm is doing the same thing in the same way or another less honest way. Besides, what you're really paying for is the challenge, which is returned to you on your first profit split, thus if you're good enough to pass in the first place, then you're not really paying for anything. What better offer could one get?

It is also advised that one tries to ass the Free trial at least twice if they haven't already tailored their strategies to fit FTMO's criteria. If a person can easily pass the trial twice consecutively, then the challenge would be a piece of cake as well. Anyone who decides to just carelessly take a shot at the challenge without proper preparation and ends up failing, has themselves to blame, not FTMO or their program parameters.
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