FTMO - For serious traders | Page 277 | 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

  • #5,521
  • Feb 4, 2021 9:46pm Feb 4, 2021 9:46pm
Quoting pipmaster77
Man, I promised myself I wouldn't interact with folks...
You should follow your own advice.

There are 8 billion people, billions who don't agree with your nonsense. Are you planning to pick a fight with billions(99.9999999999%) while standing on 0.08% success rate? Go figure. Wasting time here. Ciao
Know what you trade
  • #5,522
  • Feb 4, 2021 9:54pm Feb 4, 2021 9:54pm
Quoting BWilliam
{quote} You should follow your own advice. There are 8 billion people, billions who don't agree with your nonsense. Are you planning to pick a fight with billions(99.9999999999%) while standing on 0.08% success rate? Go figure. Wasting time here. Ciao
You didn't even answer my question. A, B or C? I'll answer yours....I prefer to hang with the 0.08% crowd.
  • #5,523
  • Feb 4, 2021 10:08pm Feb 4, 2021 10:08pm
Do we have any member here who has survived more than six months trading with FTMO and making a good income?.
Where is this 0.08% crowd.
This post shouldn’t be taken as negative comment towards FTMO, it’s a question that deserves a answer for all who are about to invest their hard earned income with them.
Trading thin liquidity at the boundary of the charts
  • #5,524
  • Feb 4, 2021 10:24pm Feb 4, 2021 10:24pm
Quoting RickM
Do we have any member here who has survived more than six months trading with FTMO and making a good income?. Where is this 0.08% crowd. This post shouldn’t be taken as negative comment towards FTMO, it’s a question that deserves a answer for all who are about to invest their hard earned income with them.
I know one.
https://www.forexfactory.com/thread/...0#post13395700
Know what you trade
  • #5,525
  • Feb 4, 2021 10:28pm Feb 4, 2021 10:28pm
Quoting BWilliam
{quote} Good question. Definitely not to qualify for a forex trading job with a 0.08% success rate. You have to figure out the answer to your question yourself. Meanwhile don't assume you are superman while you figure it out, that's living in fantasy. The fantasy part.
I'll never understand why guys who have such a a cynical and negative view on trading spend time on these forums in the first place. Why try to project your insecurities and failures onto others? If there is even a 0.01% chance that one can earn a good living from trading(definitely better odds judging from payouts and testimonials), then why shouldn't one dream and aspire? No one needs your wisdom and no one needs your superman saviour complex either. Many fail the Bar exams, many fail Medical exams, many fail professional certification exam etc and keep trying regardless, go and save them.

IMO and based on my experience, Prop trading firms offer the best chance for success in this business.

It takes away the need yo have a large sum of your own money on the line which could have terrible emotional consequences...
With the large funds offered and the various great growth/scaling plans, you can relax from the number one cause of failure, the pressure to make outrageous returns on your $1,000 or $5,000 account. As Pip has already said, with only 3-5% monthly gains on a 300k account, you're already better off than probably 80% of traders and earners in general (at least where i'm from).
And if you can't even earn 3% monthly with a solid edge and good risk management, then i could see why you have such a short sighted view.

Either ways, STFU.
  • #5,526
  • Feb 4, 2021 10:33pm Feb 4, 2021 10:33pm
Quoting RickM
Do we have any member here who has survived more than six months trading with FTMO and making a good income?. Where is this 0.08% crowd. This post shouldn’t be taken as negative comment towards FTMO, it’s a question that deserves a answer for all who are about to invest their hard earned income with them.
Hello @RickM...

Why 6 months? Why not 3 or 8? It makes no difference. You milk it for as long as you can and, if you break a rule and the account is closed, then you re-up. No big deal. And during the time your account is active you are (a) trading FTMO's money, (b) likely earning more than your personal account. The registration fee is so low (like a few hundred dollars) that even if an account lasts only a few months before it expires you are still way ahead of the game. It's not like you have only one shot and then your done.
  • #5,527
  • Feb 4, 2021 10:39pm Feb 4, 2021 10:39pm
Quoting RickM
Do we have any member here who has survived more than six months trading with FTMO and making a good income?. Where is this 0.08% crowd. This post shouldn’t be taken as negative comment towards FTMO, it’s a question that deserves a answer for all who are about to invest their hard earned income with them.
I don't know why another person's success rate should matter to you when everything that guarantees either your own success or failure is absolutely dependent on you.

I don't know anyone on these forums who's even been trading with them for that long, most seem to have only taken the challenge late last year. But feel free to look on youtube or facebook. I've seen two or 3 traders talk about their 6 months journey and 1 year respectively. Someone else posted a myfxbook link here last year of someone who was profitable for 4 months straight and received the additional 25% scale up. over 1000 traders were funded in November alone.

If you can earn only 5% in two consecutive months before messing up (yourself) and losing your account, you have still earned $10,000 from a $650 investment. No way you could have done that with any broker, so what exactly are we talking about Rick?
  • #5,528
  • Feb 4, 2021 10:40pm Feb 4, 2021 10:40pm
Quoting RickM
Do we have any member here who has survived more than six months trading with FTMO and making a good income?. Where is this 0.08% crowd. This post shouldn’t be taken as negative comment towards FTMO, it’s a question that deserves a answer for all who are about to invest their hard earned income with them.
I earned my funded account in September, so not quite 6 months. I am currently in the process of getting funded with another firm as well. I will be adding a 3rd and possibly a 4th mid year. I still don't understand the question though, it's the same as asking who has survived six months with any broker, prop firm or personal account? Why does anyone assume the rate of success to be any different with FTMO vs trading your own account? Yes, the challenge is tough, but if you do not hit the target, but you are profitable by even a penny, you go again for free, as many times as you need.

After funding, you can trade your normal money management with no profit target pressure, just with a much larger fund. I don't even use leverage, I don't believe it's needed. Capital is what is needed. Once again, the reason most folks don't last is simply under capitalization. You cannot make a living earning 2-3% per month on your 10-20K account and nobody wants to invest the years of compounding without pulling any profits to get to the size needed to earn a living. So what happens? People use leverage and over trade. I would even say the failure rate is higher trading your own account simply due to those facts alone.

I know several folks earning very good money with FTMO , they also use multiple firms. These folks do not post for the same reason I limit mine these days. The forums are toxic. There is nothing to prove. If you have a system with an edge, you practice good risk management, this is simply an opportunity to trade a much larger amount of capital with no risk to yourself.
  • #5,529
  • Feb 4, 2021 10:59pm Feb 4, 2021 10:59pm
Quoting pipmaster77
{quote} I earned my funded account in September, so not quite 6 months. I am currently in the process of getting funded with another firm as well. I will be adding a 3rd and possibly a 4th mid year. I still don't understand the question though, it's the same as asking who has survived six months with any broker, prop firm or personal account? Why does anyone assume the rate of success to be any different with FTMO vs trading your own account? Yes, the challenge is tough, but if you do not hit the target, but you are profitable by even a penny, you...
Excellent post.

Nothing less than that.
Intraday only.
  • #5,530
  • Feb 4, 2021 11:04pm Feb 4, 2021 11:04pm
Quoting robots4me
{quote} Hello @RickM... Why 6 months? Why not 3 or 8? It makes no difference. You milk it for as long as you can and, if you break a rule and the account is closed, then you re-up. No big deal. And during the time your account is active you are (a) trading FTMO's money, (b) likely earning more than your personal account. The registration fee is so low (like a few hundred dollars) that even if an account lasts only a few months before it expires you are still way ahead of the game. It's not like you have only one shot and then your done.
Yes, keep adding challenges and verification's as long as needed and add more in your husband/wife ID.

Have big capital + reduce risk + trade best of the best set ups = try to make 3 to 5 % a month.

Compound the returns with multiple accounts.

There you are.
Intraday only.
  • #5,531
  • Feb 4, 2021 11:14pm Feb 4, 2021 11:14pm
Quoting navk
{quote} add more in your husband/wife ID..
haha Navk, don't let them catch you.
  • #5,532
  • Feb 4, 2021 11:29pm Feb 4, 2021 11:29pm
Quoting Koop
{quote} haha Navk, don't let them catch you.
I was chatting with them about this on the other day.

They said, husband/wife living in same address must trade different strategy.

One Strategy means same pair + same execution.

Tomas/ Ftmo can clarify this.

I hope there will not be restriction for wife and husband living in same address to trade with FTMO with separate accounts
Intraday only.
  • #5,533
  • Feb 4, 2021 11:43pm Feb 4, 2021 11:43pm
Quoting navk
Yes, keep adding challenges and verification's as long as needed and add more in your husband/wife ID. Have big capital + reduce risk + trade best of the best set ups = try to make 3 to 5 % a month. Compound the returns with multiple accounts. There you are.
Consider this, since you're the super trader you plan to grow from one $100K account to 10 $100K accounts as employee. Another route is to trade your own $100k account to 10times it's size as a business. A different route. But first you have to be like Pipmaster, the super trader in this elite 0.08% group posting on forums.
Know what you trade
  • #5,534
  • Feb 4, 2021 11:50pm Feb 4, 2021 11:50pm
Quoting BWilliam
{quote} Consider this, since you're the super trader you plan to grow from one $100K account to 10 $100K accounts as employee. Another route is to trade your own $100k account to 10times it's size as a business. Another different route. But first you have to be like Pipmaster, a super trader in this elite 0.08% group posting on forums.
Trading requires skill.

And you need to understand is the risk parameters while you trade FTMO funds or your own funds.

The point here is even if I have 100k, I will not trade with my own fund. Rather I will prefer to trade with prop firm with huge fund + less risk = to trade longer to make 3 to 5 % every month.
Intraday only.
  • #5,535
  • Feb 4, 2021 11:54pm Feb 4, 2021 11:54pm
Quoting navk
Trading requires skill. And you need to understand the risk parameters while you trade FTMO funds or your own funds.
I can't make any meaningful comment about that. Since I'm only average Joe trader, not super trader.

You have to ask advice from pipmaster the super trader.
Know what you trade
  • #5,536
  • Feb 4, 2021 11:59pm Feb 4, 2021 11:59pm
Quoting BWilliam
{quote} Consider this, since you're the super trader you plan to grow from one $100K account to 10 $100K accounts as employee. Another route is to trade your own $100k account to 10times it's size as a business. Another different route. But first you have to be like Pipmaster, a super trader in this elite 0.08% group posting on forums.
Hmmm....only problem I see there is....well, maybe, just maybe, going out on a limb here....he doesn't have a 100K to put into a forex account. Even if he did, why trade your own money. For a $650 refundable fee, trade their $100K. With a 70% split, it is the equivalent of 100% of your own 70K account. Big difference....IT'S NOT YOUR MONEY AT RISK. If you're like every other clown that comes on here to save us...the next argument is buying power....they only allow a %5 daily DD, etc, etc. Save it, I use NO LEVERAGE whatsoever. Therefore, my stop is 500 pips per day. Never going to even come close. At 3% per month, it will take 6.5 years to take a 100K account to a million (10 times as you say). This, of course, is if you don't need a single dollar to live on. One of my firms doubles my account every time I make 10%.
Never said, I was a super trader nor in the .08%. You produced that number and I simply stated I'd prefer to be in that group than with the rest of the miserable herd. As far as posting on forums, I'm in a thread where I am actually contributing to the common cause. I use FTMO. Once again, why are you here....

A,B or C bud...still waiting on the answer
  • #5,537
  • Feb 5, 2021 12:02am Feb 5, 2021 12:02am
Quoting pipmaster77
Hmmm....only problem I see there is....well, maybe, just maybe, going out on a limb here....he doesn't have a 100K to put into a forex account. Even if he did, why trade your own money. For a $650 refundable fee, trade their $100K. With a 70% split, it is the equivalent of 100% of your own 70K account. Big difference....IT'S NOT YOUR MONEY AT RISK. If you're like every other clown that comes on here to save us...the next argument is buying power....they only allow a %5 daily DD, etc, etc. Save it, I use NO LEVERAGE whatsoever. Therefore,...
D. Bored staring at screen, Learn from robots4me No fighting pls
Know what you trade
  • #5,538
  • Feb 5, 2021 12:05am Feb 5, 2021 12:05am
Quoting BWilliam
{quote} D. Bored staring at screen, Learn from robots4me No fighting pls
Thank You, I can now take another month off from this toxic place.
  • #5,539
  • Feb 5, 2021 12:23am Feb 5, 2021 12:23am
Quoting BWilliam
{quote} Consider this, since you're the super trader you plan to grow from one $100K account to 10 $100K accounts as employee. Another route is to trade your own $100k account to 10times it's size as a business. A different route. But first you have to be like Pipmaster, the super trader in this elite 0.08% group posting on forums.
Oh i see, you're just trolling. You're not even trying to make sense any longer.
  • #5,540
  • Edited 2:04am Feb 5, 2021 1:49am | Edited 2:04am
Quoting BWilliam
{quote} Consider this, since you're the super trader you plan to grow from one $100K account to 10 $100K accounts as employee. Another route is to trade your own $100k account to 10times it's size as a business. A different route. But first you have to be like Pipmaster, the super trader in this elite 0.08% group posting on forums.

Hello @BWilliam...

Regarding prop trading -- one thing it seems the naysayers are missing is that personal and prop trading are not mutually exclusive -- it's just another iron in the fire. If you like your personal account you can continue trading it. The only cost, really, is your time. Not that your time isn't valuable -- you just need to figure whether the time you spend trading a prop account aligns with the potential benefits. Yes -- I know it's not exactly free -- but if you're going to use 100K accounts as an example, then what is a few hundred dollars? When was the last time you took your family to a ball game?

And as for US clients it's a no brainer -- no NFA restrictions, no documentation, no 20% fintech fees for transferring money into / out of accounts, higher leverage (if you want), and more...
10 traders viewing now