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FTMO - For serious traders

  • #6,181
  • Mar 16, 2021 5:22am Mar 16, 2021 5:22am
Quoting PaulMF
If the FTMO challenge is so simple for those here. Why don't you take other less demanding challenges where you don't have to pay a parcipatio fee? I need to understand what you get from this challenge that others don't give you. Can you imagine someone having to paid 155 euros for each job interview?
Q,Why don't you take other less demanding challenges where you don't have to pay a parcipatio fee?

Can you give me a link for some prop firm's that don't have a fee???
  • #6,182
  • Mar 16, 2021 5:28am Mar 16, 2021 5:28am
Quoting nikosk0
{quote} sometimes 3 pips is too big of a stop i trust him cause i do it as well i dont have a recent entry to show but i do have a recent plan i had sent to a friend (i missed the entry) if you have a plan in place and wait you can do it. UC long was another i liked yesterday but i chickened out from taking it {image} {image}

So how could such scalping where 3 pips is too big as SL benefit pro firms who are meant to copy your trades into their live accounts knowing fully well that slippage can not be ruled out in trading?
  • #6,183
  • Mar 16, 2021 6:06am Mar 16, 2021 6:06am
Quoting Koop
{quote} Please direct me to such firms where one can take challenges without having to pay a participation fee Paul. Please. {quote} Nope. But i can imagine someone having to pay $775 to write a CPA test/exam/challenge in order to qualify for an Accounting Job. Most likely, if they really want that Job, they'll take the test again even after failing 20 times. All you have to ask yourself is "is the reward worth the risk?"

Quoting Ross88
{quote} Q,Why don't you take other less demanding challenges where you don't have to pay a parcipatio fee? Can you give me a link for some prop firm's that don't have a fee???
Some challenges that are free and from where you can know the company capabilities (much more capital than FTMO):
Darwinia
QuantConnect

Also, their platforms are good. The investment in the platform is notorious. DarwinIA connects you with a great amount of retail investors' capital and QuantConnect with professionals' capital. With less demanding monthly (yearly and quaterly) returns, you get much more capital under management. And you don't have to pay a participation fee, as they are quite interested in your talent and have invested too much money in their platforms to reach people like you.

When someone looks for talent, don't ask you to pay them for showing how talented you are. They want to make profits, they will never ask you to pay them for make them profitable.

At least CPA is valid everywhere. Not just for one entity.
Always ready to help
  • #6,184
  • Mar 16, 2021 6:12am Mar 16, 2021 6:12am
Quoting stirmatt
{quote} So how could such scalping where 3 pips is too big as SL benefit pro firms who are meant to copy your trades into their live accounts knowing fully well that slippage can not be ruled out in trading?
ask them not me. i still dont understand why i cant open and close positions during the news or leave them open for the weekend. (you can leave them open over weekened if you contact them)
offering my system to copy trade. check my link
  • #6,185
  • Mar 16, 2021 6:35am Mar 16, 2021 6:35am
[quote=nikosk0;13453859]{quote} ask them not me.
  • #6,186
  • Mar 16, 2021 6:41am Mar 16, 2021 6:41am
there's a reason for leverage being 1:100. you can either use it or not. it's your choice, and if anyone thinks he/she owns the only true way of trading profitably then he/she still has a long journey ahead. The only true way is the way that fits your personality, and that is a discovery journey in itself.
  • #6,187
  • Mar 16, 2021 6:45am Mar 16, 2021 6:45am
Inserted Video
  • #6,188
  • Mar 16, 2021 6:47am Mar 16, 2021 6:47am
Quoting Hutch
https://www.youtube.com/watch?v=h6VQBRVehj4
is that you?
offering my system to copy trade. check my link
  • #6,189
  • Mar 16, 2021 6:49am Mar 16, 2021 6:49am
Quoting nikosk0
{quote} is that you?
No but another pro trader that I know. He likes to challenge everyone
  • #6,190
  • Mar 16, 2021 6:49am Mar 16, 2021 6:49am
Quoting PaulMF
{quote} {quote} Some challenges that are free and from where you can know the company capabilities (much more capital than FTMO): Darwinia QuantConnect Also, their platforms are good. The investment in the platform is notorious. DarwinIA connects you with a great amount of retail investors' capital and QuantConnect with professionals' capital. With less demanding monthly (yearly and quaterly) returns, you get much more capital under...
yeah, why you should pay to show that you can trade ...
  • #6,191
  • Edited 7:42am Mar 16, 2021 6:57am | Edited 7:42am
Quoting PaulMF
{quote} {quote} Some challenges that are free and from where you can know the company capabilities (much more capital than FTMO): Darwinia QuantConnect Also, their platforms are good. The investment in the platform is notorious. DarwinIA connects you with a great amount of retail investors' capital and QuantConnect with professionals' capital. With less demanding monthly (yearly and quaterly) returns, you get much more capital under...
You get a like from me for the effort.

However, IMO you're comparing two totally different types of offers.

You're comparing competition based funding to being tested totally based on your own individual ability regardless of the performances of others.

Which is more difficult in your opinion? Knowing that all you have to do is reach a certain target and you immediately earn GUARANTEED funding for a set fee (all within 2-3 months at most... One month for most aggressive traders.

OR

Struggling to maintain a good track record with good gains for many months only for those gains to be pitted against the gains of other traders and more weird average calculations that my dumb brain couldn't be bothered with?

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even if you manage to do better than the thousands of traders you're trying to outrank.......You're going to be going through all that stress to earn only 15% of your total profits for all those months? 15 freaking percent.

Lol personally i'd rather toil day and night to get me a strategy that could help me pass the FTMO challenge or any similar challenges that would allow me receive guaranteed funding based on my own skills and my skills alone, all within 1-2 months.

PS. correct me if i'm wrong about any assumptions regarding Darwinia... i just skimmed through most of the information after a long while.


as for Quantconnect. How does that even relate to this convo? A platform that requires coders to submit trading algorithms into a competition for "hegdefunds" to test it's signals? I wonder how good an algorithm would have to be in order to outperform submissions from thousands of traders. Also, whats the compensation from the deal if one ever happens to win.
lol i wonder how many of us can even code an Algorithm , talk more of winning a competition.
  • #6,192
  • Mar 16, 2021 7:44am Mar 16, 2021 7:44am
Quoting Koop
{quote} You get a like from me for the effort. However, IMO you're comparing two totally different types of offers. You're comparing competition based funding to being tested totally based on your own individual ability regardless of the performances of others. Which is more difficult in your opinion? Knowing that all you have to do is reach a certain target and you immediately earn GUARANTEED funding for a set fee (all within 2-3 months at most... One month for most aggressive traders. OR Struggling to maintain a track good track record with good...
For me is clearly better the one with less requirements and from which I can know for sure how much capital they manage because they are regulated.

As I explained in previous posts, even if you pass the difficult challenge of FTMO, you will have to make 33% a year with at least 10% quaterly. Just to give you an example of why Darwinex is easier and better:

- One trader at Darwinex that having an average yearly return of 21% manages above $5,000,000: trader 1
- Another one trader at Darwinex that having an average yearly return of 19% manages above $1,000,000: trader 2

No one, will remove them from there by not having a good quarter or year. Trader 1 secured $4,000,000 capital in just one year after inception. Can you imagine how much capital can a 33% trader could get in this platform?

Quoting Cryptosurf
{quote} With a bit of discipline its extremely easy. On a 100k margin account with 10k profit goal, all that's needed is $500 a day profit for 20 trading days. Video explanation: https://youtu.be/NpjCMPk6xSE
For those of you who think that getting 33% a year is easy, can't wait to see you at some place like this being the best trader.

In FTMO you only get 50.000 quaterly in case you are in the 200.000 plan (participation fee: $1,080)

And as I said, no participation fees at Darwinex and QuantConnect. Contrary to what happens in FTMO.

Believe me, talented traders. The trading dream is possible with less than 33% a year.
Always ready to help
  • #6,193
  • Mar 16, 2021 7:50am Mar 16, 2021 7:50am
Quoting TimeTells
{quote}
Thanks for your reply TimeTells. I really would like to answer you and participate there but
Quoting moodybot
moodybot
is not a very freedom of speech guy and has blocked me.
Always ready to help
  • #6,194
  • Mar 16, 2021 7:51am Mar 16, 2021 7:51am
Quoting moodybot
{quote}
I’ll enlighten you. See ya.


Hi Paul, ok, thank you

I always enjoy a chat.

Hope Moody can let you back in
  • #6,195
  • Mar 16, 2021 7:58am Mar 16, 2021 7:58am
Quoting PaulMF
you will have to make 33% a year with at least 10% quaterly.
Quoting PaulMF
For those of you who think that getting 33% a year is easy,

Quoting PaulMF
can't wait to see you at some place like this being the best trader. Believe me, talented traders. The trading dream is possible with less than 33% a year.
Paul, stop making comparisons based on false information. This is the last time i hope i have to correct this false assumption.

THERE IS NO TARGET REQUIRED OF YOU AFTER YOU PASS THE FTMO CHALLENGE.

While darwinex expects and requires you to continue to make consistent gains over the course of 6-18 months(i think) in order to even be ranked (not funded), FTMO does not expect you to reach any targets after the challenge in order to maintain your funding. Why is this so difficult to understand.

where exactly did you get this 33% figure from? You are free to make only $1 profit every month forever with FTMO so long as you don't breach the drawdown limits Paul.
  • #6,196
  • Mar 16, 2021 8:50am Mar 16, 2021 8:50am
What are the different payout methods for profits with FTMO ?
  • #6,197
  • Mar 16, 2021 8:53am Mar 16, 2021 8:53am
Is this true?

If true, my hat off to FTMO.

That is how a true leader respond.
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  • #6,198
  • Mar 16, 2021 9:31am Mar 16, 2021 9:31am
Quoting Koop
{quote} {quote} {quote} Paul, stop making comparisons based on false information. This is the last time i hope i have to correct this false assumption. THERE IS NO TARGET REQUIRED OF YOU AFTER YOU PASS THE FTMO CHALLENGE. While darwinex expects and requires you to continue to make consistent gains over the course of 6-18 months(i think) in order to even be ranked (not funded), FTMO does not expect you to reach any targets after the challenge in order to maintain your funding. Why is this so difficult to understand. where exactly did you get this...
Please, don't correct me anymore. I wouldn't do that to you. Let's keep the tone.

Dmh provided that info:
Quoting Dmh
{quote} https://ftmo.com/en/scaling-plan/ {image}
Visited the FTMO website and verified. An so, almost paraphrasing you:
THERE IS A TARGET REQUIRED OF YOU AFTER YOU PASS THE FTMO CHALLENGE.

And that's the equivalent to 33% a year. Or in case you want me to be very strict in my words: 33% a year required to increase the capital under management at $50,000 per quarter and $1,080 participation fee. Less figures if you opt for a $155 participation fee. Always out of management if you lose 10%.


In summary, you pay a participation fee of $1080, you pass the challenge and get 200,000 (not verified, not regulated) to manage. If you keep with their target explained in the Scaling Plan, after 10 years, you get 1,700,000 under management.

That level of profitability in any other platform and without a participation fee, gives you much more capital. But even better, in other platforms, you don't have to be as constant and profitable to raise capital (and more).
Always ready to help
  • #6,199
  • Edited 9:48am Mar 16, 2021 9:38am | Edited 9:48am
Quoting Saxio
{quote} yeah, why you should pay to show that you can trade ...
To understand why, just actually try to do this experiment: go to a crowded city center (the Internet, right?) and yell out loud "I have a million dollars to invest and will select the best 10 business ideas that are presented to me from anyone who passes by"... what do you think will happen? You'll waste hours of your time going throught shitty ideas and everyone will think theirs is the best one, even the grandmas and cousin Lucy would eventually try grabbing your attention to fund their new socks sewing business idea. Now, if you wanted to filter out the crowd, how would you do it without wasting hours of your time and useless thinking effort and resources ? Maybe you'd say "you have to pay me 10 bucks to consider your idea, and if it's selected then I'l give your fee back to you!". How would that make a difference ? Maybe you'd get only serious ideas from committed people then, no ?
Of course, you'll get the casual moron who'll say "yeah sure, he just wants to make 10 bucks from the 200 people who pass by during the morning"... but in fact, are you forcing them to even approach you in the first place?
  • #6,200
  • Mar 16, 2021 10:37am Mar 16, 2021 10:37am
Quoting PaulMF
{quote} Please, don't correct me anymore. I wouldn't do that to you. Let's keep the tone. Dmh provided that info: {quote} Visited the FTMO website and verified. An so, almost paraphrasing you: THERE IS A TARGET REQUIRED OF YOU AFTER YOU PASS THE FTMO CHALLENGE. And that's the equivalent to 33% a year. Or in case you want me to be very strict in my words: 33% a year required to increase the capital under management at $50,000 per quarter and $1,080 participation fee. Less figures if you opt for a $155 participation fee. Always out of management if...
Lol does the word "correct" mean something else really terrible where you're from? You're being unnecessarily over sensitive about being corrected when wrong.
YOU are wrong paul.

FTMO there is no target required after passing the challenge. The scale up plan is only an added incentive not a mandatory requirement of any sort so your point is invalid.
I don't care whether the funding is verified or regulated. That;s none of my concern so long as i'm getting paid.

An option of managing a guaranteed 100k-400k within 3-4 months after passing the first 100k challenge worth $650 and using the profits to pay for more challenges.... will always appeal to me more than trading an account for 9-18 months only to not rank high enough to be eligible for funding from which my profit split after the period would be only 15%, JUST BECAUSE IT'S FREE?. Time is very expensive.
A bird in hand.

Good luck to you if you choose to take on the Darwinia competition. You better be good enough to rank in the top 120 out of thousands.

WE could continue this argument on some other thread, we've littered this place enough.
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