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FTMO - For serious traders

  • #5,081
  • Dec 28, 2020 2:50am Dec 28, 2020 2:50am
Quoting maahome
Hello to All, Can someone give me an idea of the average spread on Gold - I am seeing around 24-25 points at the moment - would this be the average - my broker is showing around 12-13. If anyone can give me an idea that would be greatly appreciated. Cheers to all maahome
Now, it fluctuates quickly between 15 and 30. You know these are special days ...
I've seen things you people wouldn't believe
  • #5,082
  • Dec 28, 2020 3:03am Dec 28, 2020 3:03am
Quoting Trader-IT
{quote} Now, it fluctuates quickly between 15 and 30. You know these are special days ...
Thanks
  • #5,083
  • Dec 28, 2020 2:54pm Dec 28, 2020 2:54pm
Nice promotion for those thinking about taking the challenge, with FTMO offering a 10% discount on the fee.
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Truth is like poetry. And most people f*cking hate poetry.
  • #5,084
  • Dec 29, 2020 4:25am Dec 29, 2020 4:25am
Sorry, but that sounds like some shady thing there. Why to pay 170$ for the trial trial to get funded. I mean what do I get for my money there? If it's a challenge or a trial it should be free =))

If I'm wrong, please explain. For now it just looks like 170$ from 10 people is a nice paycheck.
  • #5,085
  • Dec 29, 2020 5:44am Dec 29, 2020 5:44am
Quoting taksistalo
Sorry, but that sounds like some shady thing there. Why to pay 170$ for the trial trial to get funded. I mean what do I get for my money there? If it's a challenge or a trial it should be free =)) If I'm wrong, please explain. For now it just looks like 170$ from 10 people is a nice paycheck.

Cos a stopped clock is right twice a day. If people don't have to pay they will just do endless challenges all inning every time until they pass.

Yes they would make money from challenges, but for those of us who have passed, it was worth it in the end.

At least for whatever amount you pay to do the challenge you have some money on the line which you get back if you are successful.

Moral of the story - if you don't have a trading plan, a strategy that you know works, and the stomach to trade you shouldn't buy a challenge because you will lose your money. If you do have those things then eventually you will get funded and your challenge refunded i.e total cost = 0.
Personally due to some mess ups, my total cost won't = 0 until I earn a bit from the profit share but soon enough I will be net + from the whole process and I am thankful for the opportunity.
  • #5,086
  • Dec 29, 2020 6:07am Dec 29, 2020 6:07am
Thanks for sharing. Great point of view. Let me know in a couple of months how it goes =) Would be great to hear more from people who passed. It's not a first company I come across, who asks money to get you funded. Just interesting if this worked out for people on FF.
  • #5,087
  • Dec 29, 2020 8:55am Dec 29, 2020 8:55am
Quoting taksistalo
Thanks for sharing. Great point of view. Let me know in a couple of months how it goes =) Would be great to hear more from people who passed. It's not a first company I come across, who asks money to get you funded. Just interesting if this worked out for people on FF.
I passed the challenge & verification in Oct 2020, I'm officially funded since November 2020, I have already got my challenge fee refunded, received my first payout, and expecting my 2nd payout ($25K+) next week from FTMO. They're very professional and 100% legit firm, I have had nothing but amazing experience so far.
Trade what you see, not what you think.
  • #5,088
  • Dec 29, 2020 11:58am Dec 29, 2020 11:58am
Quoting karmostaji
{quote} I passed the challenge & verification in Oct 2020, I'm officially funded since November 2020, I have already got my challenge fee refunded, received my first payout, and expecting my 2nd payout ($25K+) next week from FTMO. They're very professional and 100% legit firm, I have had nothing but amazing experience so far.
Hello, im very curious that since you received your first payout from FTMO into your bank account, do you think you need to pay any taxes on it ? the bank didnt notify the tax ministry ? were you able to withdraw it from your bank account in cash ?
  • #5,089
  • Dec 29, 2020 1:02pm Dec 29, 2020 1:02pm
Quoting karmostaji
{quote} I passed the challenge & verification in Oct 2020, I'm officially funded since November 2020, I have already got my challenge fee refunded, received my first payout, and expecting my 2nd payout ($25K+) next week from FTMO. They're very professional and 100% legit firm, I have had nothing but amazing experience so far.
$25k +? That amounts to a profit on your account of around $36k That is really going some I have to say!! We need to see some proof of that, dear friend
  • #5,090
  • Dec 29, 2020 2:24pm Dec 29, 2020 2:24pm
Did FTMO ever accepted trader who showed good result in trial many times? =)
  • #5,091
  • Dec 29, 2020 2:38pm Dec 29, 2020 2:38pm
Quoting taksistalo
Did FTMO ever accepted trader who showed good result in trial many times? =)
Idont think they care they make money on fee if you bust and 30% of profits when funded in addition to the commision and spreads and if you show really good results on challenge and verification they let you trade in the market at once if you bearly pass the let you trade sim for first 3 months before letting you trade in the market this is pure math and statistics of what is most proffiteble even you trade sim with 70% payout they take in substraction off commision and spread almost all you loose if you last for a while,but its no secret that its the fees they make the real money since over 70% fail and with MFF its even worse with their cosistancie rules the first 3 months i guess the failure is around 90%,but with daytraders spreadcheat he made for us i will beat them no doubht abaut it and if you make more than 3.5% a month the tre months they add that to the live account so when funded you have 110500 to trade if i got it right and i think i have,,,,Also there is no consistencie rules on liveaccount only the daily 5% drawdown rule....GN
Insanityoing same ting over expecting different results..Einstein
  • #5,092
  • Dec 29, 2020 2:55pm Dec 29, 2020 2:55pm
Quoting Rayder4Life
{quote} Hello, im very curious that since you received your first payout from FTMO into your bank account, do you think you need to pay any taxes on it ? the bank didnt notify the tax ministry ? were you able to withdraw it from your bank account in cash ?
I’m from Dubai, I do not pay any income tax whatsoever. Yes I did withdraw in cash, no problem at all.
Trade what you see, not what you think.
  • #5,093
  • Dec 29, 2020 2:56pm Dec 29, 2020 2:56pm
First day on the funded, 3.08% nice buffer for the start of the FTMO journey.
  • #5,094
  • Dec 29, 2020 2:59pm Dec 29, 2020 2:59pm
To those complaining about the fees that are refunded. If you look deeper you will find (successful) companies who charge monthly that some fee with no chance of refund + a lower profit split.

I understand the complaint but I feel given that there is no interview process, no thorough sharpe ratio analysis or trading strategy analysis, the fee is a small price to pay for a large upside potential.

If you are a bad trader, yeh it sucks. Also, companies are in the business of making money, there is no charity, especially in financial markets.
  • #5,095
  • Dec 29, 2020 3:00pm Dec 29, 2020 3:00pm
Quoting Mtinifx
{quote} $25k +? That amounts to a profit on your account of around $36k That is really going some I have to say!! We need to see some proof of that, dear friend
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Trade what you see, not what you think.
  • #5,096
  • Dec 30, 2020 1:50am Dec 30, 2020 1:50am
Quoting karmostaji
{quote} {image}

  • #5,097
  • Dec 30, 2020 2:35am Dec 30, 2020 2:35am
hope this time, I will do.

Wish me good luck, guys.
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Intraday only.
  • #5,098
  • Dec 30, 2020 2:41am Dec 30, 2020 2:41am
Quoting karmostaji
{quote} {image}
great achievement.

You can buy Burj Kahalifa tower in a year time.

Intraday only.
  • #5,099
  • Edited 5:17am Dec 30, 2020 4:12am | Edited 5:17am
I started another trial, after reaching the goals with the first one.
And I took a Challenge that I will start after January 7th.

But -honestly- I'm a little worried.
I had already noticed the thing with the first one, but now it has happened again.

Matrix signals a Max Daily Loss which I could not have done even in a dream. I didn't even come close to it.

I have the impression that, if you do a lot of close operations, the Matrix does not update itself and it accumulates losses.
This is the only explanation. And if FTMO looks at the Matrix, then we're screwed.

37 trade
Average Loss -27.06 USD
Profit 203.41
Max Daily Loss -746.62 ?????? !!!!! (It is almost 1.5%. Impossible.)

https://trader.ftmo.com/metrix?share=b360266fa54e

Update after 3 more operations:
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I've seen things you people wouldn't believe
  • #5,100
  • Dec 30, 2020 5:47am Dec 30, 2020 5:47am
Quoting navk
{quote} great achievement. You can buy Burj Kahalifa tower in a year time.
Thanks

I rather build a taller one
Trade what you see, not what you think.
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