FTMO - For serious traders | Page 223 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

$1,000,000.00 and Beyond ft. FTMO 29 replies

AkaMRP FTMO Journey 45 replies

FTMO Challenge.... How to beat....? 28 replies

FTMO Challenge; Could Survived? 41 replies

FTMO Challenge & Max Drawdown Issue 5 replies

Attachments: FTMO - For serious traders
Exit Attachments

FTMO - For serious traders

  • #4,441
  • Nov 2, 2020 5:26am Nov 2, 2020 5:26am
Quoting Trader4818
{quote} Ballpark figures: I remember hearing somewhere its 650 traders funded, that means around 8500 took the challenge if 8% passed, and most of those failed, lets say average challenge was between the highest and 2nd highest fee, lets call it $450. $3,532,500 has been made from traders failing the challenge, and then out of that 8% how many of them break a small rule and get funding withdrawn, to then have to take the challenge again.. and everybody is trading on a DEMO, ftmo paying out "profits" from a demo account. Ponzi anyone?
Google ponzi, then look at the ftmo business model then come back here.
Anything above the line is an uptrend, below the line is a downtrend.
  • #4,442
  • Nov 2, 2020 5:27am Nov 2, 2020 5:27am
In this business where everything is shady at least, it’s important to know how the service provider is making his profits. It’s not whining at all. But I understand some people don’t want to discuss it because they want to protect their dreams and who they perceive as their saviors.
Don't give up on your dreams. Keep sleeping.
  • #4,443
  • Nov 2, 2020 6:15am Nov 2, 2020 6:15am
Quoting Barnell
{quote} Except educational institutions teach you before they make you take the exam.
Lmao you're clutching at straws mqn, i never said anything about an educational institution, i said examination or certification boards. IT'S NOT THEIR JOB TO TEACH YOU SHIT.
  • #4,444
  • Nov 2, 2020 6:21am Nov 2, 2020 6:21am
Quoting lakhan
Is it a ponzi when you can pass the challenge and have the fee refunded back to you? Doesn’t sound like it. Even if we’re all wrong and the business model don’t work, take your profit split every month until they run dry/bankrupt/closedown/stop paying out. You’ve lost nothing.
Exactly!!! Wtf, we are here to make money. Make some good money if you can while the opportunity lasts.

Quoting Artcool
In this business where everything is shady at least, it’s important to know how the service provider is making his profits. It’s not whining at all. But I understand some people don’t want to discuss it because they want to protect their dreams and who they perceive as their saviors.
keep discussing it while others profit from it. Also, whenever you offer a service for which you are to be compensated under contract, remember to investigate and research the sources of income of your employer before rejecting it because you don't believe the information provided "because the industry is shady".
  • #4,445
  • Nov 2, 2020 6:54am Nov 2, 2020 6:54am
Quoting Koop
{quote} Also, whenever you offer a service for which you are to be compensated under contract, remember to investigate and research the sources of income of your employer before rejecting it because you don't believe the information provided "because the industry is shady".
Utterly stupid.
Don't give up on your dreams. Keep sleeping.
  • #4,446
  • Nov 2, 2020 7:10am Nov 2, 2020 7:10am
Quoting Artcool
{quote} Utterly stupid.
I'm glad we can agree.
  • #4,447
  • Nov 2, 2020 7:13am Nov 2, 2020 7:13am
Funded Traders, please does FTMO request for a means of identification immediately after successful completion of the Verification stage or around first profit split?
  • #4,448
  • Nov 2, 2020 8:04am Nov 2, 2020 8:04am
Quoting Koop
Funded Traders, please does FTMO request for a means of identification immediately after successful completion of the Verification stage or around first profit split?
After your notification of acceptance of being funded there is a contract and you will need to provide identification, ie: passport etc.

Inserted Video
Trade with confidence, trade without fear.
  • #4,449
  • Nov 2, 2020 8:42am Nov 2, 2020 8:42am
Quoting Cryptosurf
{quote} After your notification of acceptance of being funded there is a contract and you will need to provide identification, ie: passport etc. https://www.youtube.com/watch?v=v4jBrdU61PE
Oh, Thank you!
  • #4,450
  • Nov 2, 2020 9:00am Nov 2, 2020 9:00am
On winning the FTMO challenge:
Attached Image
  • #4,451
  • Nov 2, 2020 11:53am Nov 2, 2020 11:53am
It seems that some members here have such a great emotional attachment to "FTMO being the best" that it's very difficult and discouraging for anyone who thinks otherwise to offer their opinion without being attacked.

Which is a great shame.

My own opinion (as I've now said repeatedly) is that FTMO are not crooks or scammers, that their Challenge is incredibly difficult, that they'd attract and keep better and safer traders by allowing longer than 21-22 trading days to make the 10% profit, that for over a year they've clearly had a huge range of technical problems that their competitors mostly avoid, and that their customer service has at times been horribly bad but they're clearly trying to improve it.

It's just a shame that if ever anyone mentions another company which they find better (for whatever reasons) when they try to explain the reasons, they get attacked and/or told to post it elsewhere. (Even when they've specifically been asked!).
  • #4,452
  • Nov 2, 2020 12:35pm Nov 2, 2020 12:35pm
10% per month is incredibly difficult for some
That's why there are other %ers is offering 5 %in 5 years, take your time and go with them and leave this for those who can.
on a postive roll...
  • #4,453
  • Nov 2, 2020 1:52pm Nov 2, 2020 1:52pm
Quoting Koop
{quote} I'm glad we can agree.
Totally dumbass
Don't give up on your dreams. Keep sleeping.
  • #4,454
  • Nov 2, 2020 2:11pm Nov 2, 2020 2:11pm
Quoting Artcool
{quote} Totally dumbass
Did you just call Koop a dumbass? Damn, that is wrong Koop...
  • #4,455
  • Nov 2, 2020 2:37pm Nov 2, 2020 2:37pm
Quoting driven18
{quote} Did you just call Koop a dumbass? Damn, that is wrong Koop...
Lmao, bitterness and insecurity will cause men to act like 8 year old girls. Truth Hurts.
  • #4,456
  • Nov 2, 2020 2:41pm Nov 2, 2020 2:41pm
Quoting driven18
{quote} Did you just call Koop a dumbass? Damn, that is wrong Koop...
I shouldn’t. He is expert at handling machetes
Don't give up on your dreams. Keep sleeping.
  • #4,457
  • Nov 2, 2020 8:12pm Nov 2, 2020 8:12pm
Quoting Trader4818
{quote} Ballpark figures: I remember hearing somewhere its 650 traders funded, that means around 8500 took the challenge if 8% passed, and most of those failed, lets say average challenge was between the highest and 2nd highest fee, lets call it $450. $3,532,500 has been made from traders failing the challenge, and then out of that 8% how many of them break a small rule and get funding withdrawn, to then have to take the challenge again.. and everybody is trading on a DEMO, ftmo paying out "profits" from a demo account. Ponzi anyone?
I don't actually care if anyone thinks its a scam or not. And I don't think they use challenge fees to pay out the profit splits. But I gotta respond to this cause I think its funny.

Do you even understand what financial markets are? Whenever you win someone else loses. It's a zero sum game. So how can you possibly critique a business if they actually did have that business model, when you trade and try to extract profits from a market that does the exact same thing?

It's not my business so I don't care about the critiques, but you gotta at least have a critique better than a business model that mimics one you yourself participate in.
The best strategy is a profitable one.
  • #4,458
  • Nov 3, 2020 3:48am Nov 3, 2020 3:48am
This is my first foray into utilising a prop firm. FTMO is the first but won't be the last. Looking at the 5%ers too as you can hold positions through news events and weekends. Profit split isn't as favourable but the benefits aforementioned along with a 6 month eval period more than make up for this.
  • #4,459
  • Nov 3, 2020 4:10am Nov 3, 2020 4:10am
I also started a challenge. Looking forward to it andafter I looked at other prop firms FTMO is the best solution for myself. No high daily drawdown, high profit split percentage and no monthy fee if funded
  • #4,460
  • Nov 3, 2020 11:38am Nov 3, 2020 11:38am
Quoting Rmg
10% per month is incredibly difficult for some That's why there are other %ers is offering 5 %in 5 years, take your time and go with them and leave this for those who can.
Thats true rmg that’s why there are others. I’d say use as many prop firms as you can to diversify.

However 10% is extremely easy for the majority of guys here that deposit $200 into a 1/500 leverage trading account but soon blow up. That’s because most of the FF community are chancers and then complain why they can’t use their x4 / double / $200-1m trading strategy under FTMO rules.
3 traders viewing now