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FTMO - For serious traders

  • #5,581
  • Feb 6, 2021 3:41am Feb 6, 2021 3:41am
Quoting BWilliam
In your own words 0.08% is a dream. Ofc it is. I don't know the exact success rate for bar exams. But it has to be a lot higher than 0.08%. The exams are properly accredited with no hanky panky. Once the student pass he is not required to resit the exams again. Your comparison of prop trading challenge with bar exam is not compatible.
Actually it's very compatible but you're probably too inept to see it. First off, how are you required to resit the exams/challenge with the prop firms? You pass the test and are allowed to trade within the confines of certain rules, a breach of which would cost you your account. After passing the bar exam or most professional exams, you get the chance to practice professionally with a license and if you break certain rules or ethical regulations governing your field, it could cost you your license and ability to EVER practice again.
Tell me how that analogy is soooooo far fetched B?


Quoting BWilliam
You are correct to call this prop trading challenge a dream. See, you know it yourself
.

Well, if you have ever had the privilege of accomplishing any huge feats, you would know that it all starts from a dream, a realistic projection/vision, which is what FTMO offers.

Quoting BWilliam
You have earned zero from trading prop money, how is it possible that you wrote "from my experience" when you have zero experience?
You don't know that B, don't be too quick to make baseless assumptions. But then, i'm not too surprised judging from the contents of your previous posts.
Currently trading and earning with one and just started with another this week btw.

Quoting BWilliam
Perhaps it's more useful to explain why you get offended with exploring more views? Everyone understand your passion, your reasons but perhaps you may want to think deeper the issues brought up in this discussion. Or at least other members who read this thread read the complete picture. Good luck and best wishes to all those trying this challenge. I'm outta here.
you're not sharing any smart nor educated views that require any sort of logical debates, as you've simply tried to ridicule everyone that has responded to you with a reasonable explanation. You're here to troll and project your trading ineptitude on others. I can't get offended, tired however of having to read these Wise-ass posts from failed traders/preachers of dooms who schedule appearances every week.
  • #5,582
  • Feb 6, 2021 4:57am Feb 6, 2021 4:57am
I paid for another challenge yesterday but was debited twice due to slow internet that made me to refresh my browser. I have sent mail to them but haven't hear from them.

Please I will like to know if anyone has had this kind of thing before and how it was resolved.

Thank you all.
  • #5,583
  • Edited 8:47am Feb 6, 2021 8:28am | Edited 8:47am
Hello guys, I'm considering taking advantage of a funded account, but it's hard for me to choose between ftmo and t4tcapital. Мostly because t4t doesn't have a time limit for their targets, they also don't have news limits.
Let me ask, have any of you try T4T??
  • #5,584
  • Feb 6, 2021 9:21am Feb 6, 2021 9:21am
Quoting vasal
Hello guys, I'm considering taking advantage of a funded account, but it's hard for me to choose between ftmo and t4tcapital. Мostly because t4t doesn't have a time limit for their targets, they also don't have news limits. Let me ask, have any of you try T4T??
why don't you start a thread about them and discuss them there?

FTMO works for me, it might not for you , find what works for you.
  • #5,585
  • Edited 11:02am Feb 6, 2021 9:42am | Edited 11:02am
Quoting Takisd
{quote} why don't you start a thread about them and discuss them there? FTMO works for me, it might not for you , find what works for you.
I talked to FTMO on chat and news limit only apply to funded traders not in challenge ore verification phase...but one ting i am unsure the reason i asked in chat was because i closed a EUR/NZD trade at 13.00 Thursday in Restricted GBP news and all traders i talked to sais that the restriction only apply to pairs that have the currencie the news are abaut in them.The reason i ask is that i am in verification phase and just wonder if i get funded...
Insanityoing same ting over expecting different results..Einstein
  • #5,586
  • Feb 6, 2021 1:19pm Feb 6, 2021 1:19pm
Quoting FXsniper111
{quote} I talked to FTMO on chat and news limit only apply to funded traders not in challenge ore verification phase...but one ting i am unsure the reason i asked in chat was because i closed a EUR/NZD trade at 13.00 Thursday in Restricted GBP news and all traders i talked to sais that the restriction only apply to pairs that have the currencie the news are abaut in them.The reason i ask is that i am in verification phase and just wonder if i get funded...
News trading restriction not applicable during evaluation.
During funded account stage, uk news will restrict trading on pound, american news will restrict usd trading only.
NOT ANY OTHER PAIRS.
FOR EXAMPLE EUR/ NZD
Intraday only.
  • #5,587
  • Feb 6, 2021 1:23pm Feb 6, 2021 1:23pm
Quoting navk
{quote} News trading restriction not applicable during evaluation. During funded account stage, uk news will restrict trading on pound, american news will restrict usd trading only. NOT ANY OTHER PAIRS. FOR EXAMPLE EUR/ NZD
Thank you so much for clearifying this for me and others
Insanityoing same ting over expecting different results..Einstein
  • #5,588
  • Feb 6, 2021 2:52pm Feb 6, 2021 2:52pm
Quoting vasal
Hello guys, I'm considering taking advantage of a funded account, but it's hard for me to choose between ftmo and t4tcapital. Мostly because t4t doesn't have a time limit for their targets, they also don't have news limits. Let me ask, have any of you try T4T??
I don't have experience with this but 2% weekly dd limit, and mandatory stop loss on every trade make it unappealing...
(I use experts, many trades in very small size, some without stop losses)...
  • #5,589
  • Feb 6, 2021 2:53pm Feb 6, 2021 2:53pm
Hey fellow traders,
I'll started the challenge on Monday.. Wish me some luck guys!
  • #5,590
  • Feb 6, 2021 8:11pm Feb 6, 2021 8:11pm
Finished my verification process today.

How many more days to wait ? Funded traders know this better. Will appreciate their response.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 41 KB
Intraday only.
  • #5,591
  • Feb 6, 2021 8:14pm Feb 6, 2021 8:14pm
Quoting navk
Finished my verification process today. How many more days to wait ? Funded traders know this better. Will appreciate their response. {image}
you'll probably ahve your account by monday night. Maybe faster but mine was similar situation to you and came ~1 trading day later.
  • #5,592
  • Feb 6, 2021 8:21pm Feb 6, 2021 8:21pm
Quoting Takisd
{quote} you'll probably ahve your account by monday night. Maybe faster but mine was similar situation to you and came ~1 trading day later.
oh, that would be great.

But before that, I guess, contract needs to be finalized. Like ID.... etc
Intraday only.
  • #5,593
  • Edited 8:55pm Feb 6, 2021 8:38pm | Edited 8:55pm
Quoting navk
{quote} Daily max loss = Realized profit - Realized loss or DD. To answer your question, you did not book profit of 100 $ so the DD is - 100 $
Thank you. I thought so. My metrix seems to be acting up.
  • #5,594
  • Feb 6, 2021 8:49pm Feb 6, 2021 8:49pm
Quoting navk
{quote} oh, that would be great. But before that, I guess, contract needs to be finalized. Like ID.... etc
oh, hmm i guess they will send that monday i had mine pretty fast so yeh... ID + a questionnaire
  • #5,595
  • Feb 6, 2021 11:39pm Feb 6, 2021 11:39pm
Quoting vasal
Hello guys, I'm considering taking advantage of a funded account, but it's hard for me to choose between ftmo and t4tcapital. Мostly because t4t doesn't have a time limit for their targets, they also don't have news limits. Let me ask, have any of you try T4T??
There rules are tough then FTMO you will not pass it.
  • #5,596
  • Feb 7, 2021 12:42am Feb 7, 2021 12:42am
Quoting navk
Finished my verification process today. How many more days to wait ? Funded traders know this better. Will appreciate their response. {image}
Once you sign the contract, it can take 2-4 working days max to get the funded account.

Congrats & Good luck
Trade what you see, not what you think.
  • #5,597
  • Feb 7, 2021 1:17am Feb 7, 2021 1:17am
Quoting stirmatt
I paid for another challenge yesterday but was debited twice due to slow internet that made me to refresh my browser. I have sent mail to them but haven't hear from them. Please I will like to know if anyone has had this kind of thing before and how it was resolved. Thank you all.
Message them through their online chat. Their replies to me was swift(might depend on the no. Of people in line) and when i seek for further clarifications regarding the same issue in different choice of words and they were very nice to me about it.
Hi bye mai hai
  • #5,598
  • Feb 7, 2021 1:57am Feb 7, 2021 1:57am
Any idea how does longer term trading work on FTMO? Not the Challenge and Verification stages, but the actual verified stage.

Because FTMO claims to allow swing trading and other longer term trading strategies but traders have to close their positions when market is closed.

So, if i were to enter on a position during the friday, swing trading strat applied, does it mean that i have to close it before New York session closes?

If so, then longer term trading strategy isnt going to work well with FTMO, isnt it? What other ways are there to go about it? Eg. Allowing positions in profit be opened throughout the weekend?
Hi bye mai hai
  • #5,599
  • Feb 7, 2021 2:18am Feb 7, 2021 2:18am
Max daily loss takes into account: days realised profit - realised loss and your current drawdown of all open trades, but if your realised profit was +$3000 to that point and your current DD is -$4000 the daily drowdown is -4000 not -1000...
Max daily loss is always in initial $$ value, daily profit is not added to it but realised daily loss is counted in it.
I figure, in emergency, one could close open trades before their daily reset time to avoid carrying over drawdown to the next day, and open them up again after changeover

But even reaching their daily max DD is bad. Really need to adjust your risk profile to keep it safe and smooth.
Screenshot that @navk posted above paints a perfect picture, IMO
  • #5,600
  • Feb 7, 2021 3:59am Feb 7, 2021 3:59am
Quoting doyathink
{quote} I don't have experience with this but 2% weekly dd limit, and mandatory stop loss on every trade make it unappealing... (I use experts, many trades in very small size, some without stop losses)...
I am not telling their rules are better or worse, only asking if anyone in the forum was trading with them?
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