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FTMO - For serious traders

  • #4,401
  • Oct 31, 2020 3:41pm Oct 31, 2020 3:41pm
Since I keep getting asked who is a better choice, I'll give some clues:

They give you one whole year to make 6% on a 5k real account.

Then, if you manage that, they give you 20K and I think you will have another year to make 10%

Then they double that every time you make 10% up to 2 million.

If you really think about it, you have to make a total of 76% to be given 2 million to trade.

6% =20K
10% =40K
10% = 80K
10% =160K
10% =320K
10% =640K
10% =1,280K
10% =2 million

Total 76% gain.

1% per week=76 weeks/52= approximately 1.5 years from 0 to 2 mil.
Let's see who gets to 2 mil first.

No need to make 1% per week. .5% or 2% per month will get you there too but in 3 years.

Will a university degree averaging 4 years and at least 100K in cost, put 2 million in your hands to play with for your first job?
  • #4,402
  • Oct 31, 2020 4:02pm Oct 31, 2020 4:02pm
Quoting OutThere
Since I keep getting asked who is a better choice, I'll give some clues: They give you one whole year to make 6% on a 5k real account. Then, if you manage that, they give you 20K and I think you will have another year to make 10% Then they double that every time you make 10% up to 2 million. If you really think about it, you have to make a total of 76% to be given 2 million to trade. 6% =20K 10% =40K 10% = 80K 10% =160K 10% =320K 10% =640K 10% =1,280K 10% =2 million Total 76% gain. 1% per week=76 weeks/52= approximately 1.5 years from 0 to 2 mil....
This sounds like Audacity Capital haha. One minute, let me check the mail i received from them containing the agreement after the interview i had with them, to be sure.
  • #4,403
  • Oct 31, 2020 4:09pm Oct 31, 2020 4:09pm
Quoting Koop
{quote} This sounds like Audacity Capital haha. One minute, let me check the mail i received from them containing the agreement after the interview i had with them, to be sure.
nope
  • #4,404
  • Oct 31, 2020 4:22pm Oct 31, 2020 4:22pm
Quoting OutThere
Since I keep getting asked who is a better choice, I'll give some clues: They give you one whole year to make 6% on a 5k real account. Then, if you manage that, they give you 20K and I think you will have another year to make 10% Then they double that every time you make 10% up to 2 million. If you really think about it, you have to make a total of 76% to be given 2 million to trade. 6% =20K 10% =40K 10% = 80K 10% =160K 10% =320K 10% =640K 10% =1,280K 10% =2 million Total 76% gain. 1% per week=76 weeks/52= approximately 1.5 years from 0 to 2 mil....
City Traders Imperium haha. Thanks for the exercise.

Good company, but you're absolutely nuts for saying they're better than FTMO just because they allow for up to a year to pass their Challenge. Lmao How is that even a challenge

This goes on to show how bitter and Anti-FTMO you really are.

For someone who whined for days on this thread about FTMO's drawdown limit restrictions and how they make you trade on a Demo, now you're going to recommend a company that makes you take an evaluation on a $5000 demo account in order to qualify to trade on a $20000 "real" account?

with a 4% max DD compared to FTMO's large 10% which you complained about?

Did you also forget to mention that this firm has Max loss limits and a leverage of only 1:5 compared to FTMO's 1:100?
0.25 max lots exposure allowed at any given time on a $5000 evaluation account in order to earn a $20000 live account?
why wouldn't they give you as long as a year to achieve the target when they've stifled your profitability with these restrictions

with 0.25 lots, can you even have more than 1 trade going at a time? With a 4% DD on a $5000 evaluation account, you're out if you lose $200.
Even with the best strategies, when your profit potential is stifled with "max exposure of 0.25" and 1;5 leverage allowance, how long do you think it would take to get the 100k account that FTMO offers within a month or two?

you cry about FTMO's restrictions, then call this better? hahaha
  • #4,405
  • Oct 31, 2020 4:51pm Oct 31, 2020 4:51pm
Quoting Koop
{quote} City Traders Imperium haha. Thanks for the exercise. Good company, but Iyou're absolutely nuts for saying they're better than FTMO just because they allow for up to a year to pass their Challenge. Lmao How is that even a challenge This goes on to show how bitter and Anti-FTMO you really are. For someone who whined for days on this thread about FTMO's drawdown limit restrictions and how they make you trade on a Demo, now you're going to recommend a company that makes you take an evaluation on a $5000 demo account in order to qualify to trade...

There is a lot you left out.

Ie: hold trades overnight) weekend. Trade news, use limit orders. Probably more.

Bottom line, i cant cti but the very same method that works for me for cti will fail me at ftmo.

Thank heavens there are alternatives to ftmo.

Like I said, let's see who makes it to 2 mil first.
  • #4,406
  • Oct 31, 2020 5:13pm Oct 31, 2020 5:13pm
Quoting OutThere
Since I keep getting asked who is a better choice, I'll give some clues: They give you one whole year to make 6% on a 5k real account. Then, if you manage that, they give you 20K and I think you will have another year to make 10% Then they double that every time you make 10% up to 2 million. If you really think about it, you have to make a total of 76% to be given 2 million to trade. 6% =20K 10% =40K 10% = 80K 10% =160K 10% =320K 10% =640K 10% =1,280K 10% =2 million Total 76% gain. 1% per week=76 weeks/52= approximately 1.5 years from 0 to 2 mil....
Ok, you have found a golden prop firm, you can leave now. Goodbye.
  • #4,407
  • Oct 31, 2020 6:50pm Oct 31, 2020 6:50pm
Quoting fx11trade
{quote} Ok, you have found a golden prop firm, you can leave now. Goodbye.
What would I do without your blessing?
  • #4,408
  • Oct 31, 2020 7:43pm Oct 31, 2020 7:43pm
Quoting OutThere
{quote} There is a lot you left out. Ie: hold trades overnight) weekend. Trade news, use limit orders. Probably more. Bottom line, i cant cti but the very same method that works for me for cti will fail me at ftmo. Thank heavens there are alternatives to ftmo. Like I said, let's see who makes it to 2 mil first.

You not only discredit your choice of prop firm, you are also doing a great disservice to that firm (whatever firm it might be).

You better post in the thread created by that firm and/or in your own thread to showcase how you are getting to the 2 million dollars by beating the crap out of these FTMO traders.

Good luck.
Determination + Persistence = Success
  • #4,409
  • Oct 31, 2020 8:01pm Oct 31, 2020 8:01pm
Quoting SKLearn
{quote} You not only discredit your choice of prop firm, you are also doing a great disservice to that firm (whatever firm it might be). You better post in the thread created by that firm and/or in your own thread to showcase how you are getting to the 2 million dollars by beating the crap out of these FTMO traders. Good luck.
Well, I was asked to reveal what firm I was looking at and I did. I have ne need to post a thread about it.
Why don't you start a thread about what do to at FF if you have so much free time and are bursting with instructions?
  • #4,410
  • Nov 1, 2020 2:19am Nov 1, 2020 2:19am
Quoting OutThere
{quote} Well, I was asked to reveal what firm I was looking at and I did. I have ne need to post a thread about it. Why don't you start a thread about what do to at FF if you have so much free time and are bursting with instructions?
Guys, I have looked into all prop firms. CTImperium was a white level for the5ers, one day they just copy all their system and terms and opened a new firm. I would not trust a company who copy and pastes.....
  • #4,411
  • Nov 1, 2020 9:37am Nov 1, 2020 9:37am
You know, everyone needs to calm down. The most fervent evangelists for CTI and FTMO have both not received a single cent from either corporations just yet.

Just saying.
I will tear the world apart for you.
  • #4,412
  • Nov 1, 2020 11:01am Nov 1, 2020 11:01am
Quoting Barnell
You know, everyone needs to calm down. The most fervent evangelists for CTI and FTMO have both not received a single cent from either corporations just yet. Just saying.
I think you should calm down telling people to calm down ha ha
  • #4,413
  • Nov 1, 2020 11:25am Nov 1, 2020 11:25am
Quoting Barnell
You know, everyone needs to calm down. The most fervent evangelists for CTI and FTMO have both not received a single cent from either corporations just yet. Just saying.
True, but we do not need to receive anything from any firm to be able to compare terms and offers, do we?

If amazon tells me they will deliver stuff to me the same day i ordered, free of charge, while ebay says they'll deliver next week for $45; do i need to try both to know which sounds like a better offer?
the service is not what we are arguing over, it's the offers, and any one who thinks some other firm is offering better profit and risk terms than FTMO is yet to prove it. Simple.
  • #4,414
  • Nov 1, 2020 11:27am Nov 1, 2020 11:27am
Quoting Koop
{quote} True, but we do not need to receive anything from any firm to be able to compare terms and offers, do we? If amazon tells me they will deliver stuff to me the same day i ordered, free of charge, while ebay says they'll deliver next week for $45; do i need to try both to know which sounds like a better offer? the service is not what we are arguing over, it's the offers, and any one who thinks some other firm is offering better profit and risk terms than FTMO is yet to prove it. Simple.
I have at no point said any of the following:
1. FTMO is a scam
2. CTI is superior to FTMO.

Some angry people are just claiming I have said the above while I did not.

Truth is, in this industry, there are many scams. Considering that no one has received any payouts, it is best not to become an evangelist yet.
I will tear the world apart for you.
  • #4,415
  • Nov 1, 2020 11:57am Nov 1, 2020 11:57am
I think "The most fervent evangelists for CTI" refers to me. I haven't participated in any funders' scheme of any sort yet. I'm just funder-shopping. This is all relatively new to me. I am used to limits and rules and procedures set upon my trading that are imposed by only myself. The whole idea of figuring out how to trade a market for a living is based on being independent and self surviving.

Enter the relatively new phenomenon of funded trader, I discover rules n limits put on traders. At first, my reaction was a total rejection of an outsider (who clearly is not a contender in trading) to be setting rules on how to trade. Overtime, I have come to accept that the funder is a quasi-customer ordering a product with specifications on how it should be built to satisfy their needs. In the case of funders, they have the item built and then go around and present it to the real customers of theirs. A middle man obviously. So, I have adjusted to the overall scheme and actually found it beneficial.

I am obviously not going to be able to cater to everyone's wish as to the specifics they request for the end product they have in mind. I also can see that these customers/middlemen (funders) don't really know a whole lot but that's why they are looking into those who know. Fair enough.

So, whatever I have posted here is a representative of my brief journey into studying the available funders and their needs versus mine. This thread is also not the only thread I have posted in regarding the issue but it is one of the more popular ones with more hands on traders whether they have been successful or not, therefore, I get the most feedback when I post my 'out there' opinions.

Bottom line, everyone is free to shop around and squeeze the the product or the tool or whatever it takes and choose the best venue for themselves. Like a poster compared Amazon to Ebay. Comparison of similar things happen all the time between shoppers and company A does lose to company B in sales based on their policies (shipping costs for example) all the time. At some point, one company realizes that maybe they should ease off on some of their rules and restrictions in order to not lose the market entirely and they will adjust. Or maybe they won't like Blockbuster Video. However, those companies shouldn't blame the market participants or suppliers or logistics etc. for their failure. In fact, they should appreciate the free and honest feedback they are getting.

So, there you go. I think my participation, in my opinion has been beneficial to myself for sure and maybe a few others and hopefully to the funders so far.
  • #4,416
  • Nov 1, 2020 12:27pm Nov 1, 2020 12:27pm
Quoting hasib
{quote} Hi Freefox. I am very happy that you have achieved your goals. I want to start FTMO I have a few questions to you- Did you trade manually or use EA? How many pairs did you trade? How many trades you open each day, week, and month. What was your lot size? some months I can achieve 10% but some of the month I can't achieve 10% profit. what are your suggestions for me? I am backtesting and practicing every day to improve my performance. your valuable inside will highly be appreciated. Thanks....

Great questions. I answered it on my thread so everything is all in one place as been asked it repeatedly now:

https://www.forexfactory.com/thread/post/13240026#post13240026
*** Shoot for the moon. Even if you miss, you'll land among the stars. ***
  • #4,417
  • Nov 1, 2020 1:07pm Nov 1, 2020 1:07pm
Stop rambling.

The only valuable posts here are proof of profit splits paiements, even 1 buck!!!
Don't give up on your dreams. Keep sleeping.
  • #4,418
  • Nov 1, 2020 1:19pm Nov 1, 2020 1:19pm
Quoting Artcool
Stop rambling. The only valuable posts here are proof of profit splits paiements, even 1 buck!!!
Yah, that would be great if the funding companies would publish their stats on how many winners/losers and how much was paid out but it is never going to happen. 1 buck profit split posts are going to be meaningless but if that is what does it for you, good on you.
  • #4,419
  • Edited 1:44pm Nov 1, 2020 1:33pm | Edited 1:44pm
Quoting Barnell
{quote} I have at no point said any of the following: 1. FTMO is a scam 2. CTI is superior to FTMO. Some angry people are just claiming I have said the above while I did not. Truth is, in this industry, there are many scams. Considering that no one has received any payouts, it is best not to become an evangelist yet.
I particularly haven't called you out for anything other than maybe speaking out of ignorance. You say things without actually doing enough research it seems.

You made some false remarks here earlier without checking out the FTMO website in detail or understanding the model.
You also just said "no one has received payouts yet", another false statement, which you wouldn't have made if you bothered to do a little digging yourself.

When you keep saying baseless refutable stuff like that people are bound to write you off as just another ignorant naysayer, which is worse than those who have actually had some experience with the firm.

Just take your time and look at what's being offered before making remarks.
  • #4,420
  • Nov 1, 2020 2:19pm Nov 1, 2020 2:19pm
The lazy ones who can't go back and read past the last two pages of the thread to find the answers to their questions (already answered many times over) or refer to the firm's website for info prior to judging and critizing are the same lazy ones who will never pass these challenges anyway. Let me suggest nobody waste time and posting space with them.
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