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FTMO - For serious traders

  • #6,221
  • Mar 16, 2021 7:29pm Mar 16, 2021 7:29pm
Quoting Artcool
Seriously, who is making big fat bucks with this company?! Who?! If yes, show it! If not, write 50 lignes posts to teach others how they should be trading to make money!
They support the company as if they were sales representatives. Impressive enthusiasm.
Always ready to help
  • #6,222
  • Mar 16, 2021 8:06pm Mar 16, 2021 8:06pm
Quoting Cryptosurf
{quote} Yep, when completed I will post.
Well if you have 3 funded accounts, no need to wait.
Unless you had a bad month which is fine, but don’t leave us hanging too long
Trading thin liquidity at the boundary of the charts
  • #6,223
  • Mar 16, 2021 8:26pm Mar 16, 2021 8:26pm
Attached Image (click to enlarge)
Click to Enlarge Name: 69F4CB81-74F8-49D3-8F60-0D18E79A0F7D.jpeg Size: 52 KB
Quoting RickM
{quote} Well if you have 3 funded accounts, no need to wait. Unless you had a bad month which is fine, but don’t leave us hanging too long
Trade with confidence, trade without fear.
  • #6,224
  • Mar 16, 2021 8:49pm Mar 16, 2021 8:49pm
The IT guy that supports sales guys at night just sent the screenshot to him
Always ready to help
  • #6,225
  • Mar 16, 2021 9:14pm Mar 16, 2021 9:14pm
Quoting tradista
I would not expect GBPJPY spread to widen to 23.8 pips at end of day... {image}
At the rollover spreads always goes nuts,that is for all the brokers i been with over the years...
EDIT:I never have trades open overnight ore over weekend....Also very,very rear even trade after LO close other than NQ ore DOW sometimes...Forex,nope...
Insanityoing same ting over expecting different results..Einstein
  • #6,226
  • Mar 16, 2021 9:26pm Mar 16, 2021 9:26pm
It's just hilarious to see some are rather trying to insult a perception of other traders than to improve them self with knowledge. I can't imagine how they do in trading.
Fools Rushing
  • #6,227
  • Mar 16, 2021 9:30pm Mar 16, 2021 9:30pm
https://medium.com/@markitoos.damian...e-ae035396e9ff

Has anyone experienced these type of issues at FTMO?
Always ready to help
  • #6,228
  • Mar 16, 2021 9:33pm Mar 16, 2021 9:33pm
Quoting MTF Test
It's just hilarious to see some are rather trying to insult a perception of other traders than to improve them self with knowledge. I can't imagine how they do in trading.
I'm not good at trading. Trying to improve. Researching.
Always ready to help
  • #6,229
  • Mar 16, 2021 9:33pm Mar 16, 2021 9:33pm
Quoting Cryptosurf
{image}{quote}
Hey Cryptosurf ! Good Job. BTW. If i am not mistaken, You can add up 400K since last week.

P.S - There is a new firm in Australia where they give you a profit split up to 80% and with no restriction in news/weekend position.
Fools Rushing
  • #6,230
  • Mar 16, 2021 9:41pm Mar 16, 2021 9:41pm
Quoting PaulMF
{quote} I'm not good at trading. Trying to improve. Researching.
If you ask me : Try to understand you as person. Trading is not only about your strategy or your money management. It is all of about YOU. Better trader will literally be a better person. I wouldn't recommend traders to chase a winning strategy yet i would ask them ' How do you see your self when your loosing something over and over again, How can you cope up, How can you absorb the pain of loosing, Etc.

Think about it. No one will be right 100% in this business. Master your self, You will be the trader that you want to be. Judge yourself.
Fools Rushing
  • #6,231
  • Mar 16, 2021 9:50pm Mar 16, 2021 9:50pm
Quoting MTF Test
{quote} Hey Cryptosurf ! Good Job. BTW. If i am not mistaken, You can add up 400K since last week. P.S - There is a new firm in Australia where they give you a profit split up to 80% and with no restriction in news/weekend position.
Yeah I’m aware of what place that is. It looks sketchy af and then after watching the interview of the guy who runs it, hard pass.
Trade with confidence, trade without fear.
  • #6,232
  • Mar 16, 2021 9:50pm Mar 16, 2021 9:50pm
Quoting MTF Test
{quote} If you ask me : Try to understand you as person. Trading is not only about your strategy or your money management. It is all of about YOU. Better trader will literally be a better person. I wouldn't recommend traders to chase a winning strategy yet i would ask them ' How do you see your self when your loosing something over and over again, How can you cope up, How can you absorb the pain of loosing, Etc. Think about it. No one will be right 100% in this business. Master your self, You will be the trader that you want to be. Judge yourself....
Thanks for your recommendation. I try to be a good person. Should I try to stop people to make mistakes that affect to their money?
Always ready to help
  • #6,233
  • Edited Mar 17, 2021 4:22am Mar 16, 2021 10:11pm | Edited Mar 17, 2021 4:22am
Quoting PaulMF
{quote} Thanks for your recommendation. I try to be a good person. Should I try to stop people to make mistakes that affect to their money?
If you have facts, I am sure everyone would love to hear about it. Regardless of who's making mistakes. Do whatever you think is best and see where end you up.

MTF is out. Cheers !
"Be grateful and Don't expect""
Fools Rushing
  • #6,234
  • Mar 16, 2021 10:17pm Mar 16, 2021 10:17pm
Quoting Cryptosurf
{image}{quote}
Well you didn’t leave us hanging for long, nice trading results this month.
Impressive
Trading thin liquidity at the boundary of the charts
  • #6,235
  • Mar 16, 2021 10:42pm Mar 16, 2021 10:42pm
Quoting Cryptosurf
{quote} Yeah I’m aware of what place that is. It looks sketchy af and then after watching the interview of the guy who runs it, hard pass.
agreed 1000% on this one... Very sketchy, lies everywhere and some dodgy ass broker no one has ever heard of and that has absolutely no virtual footprint....
  • #6,236
  • Mar 16, 2021 10:46pm Mar 16, 2021 10:46pm
Quoting PaulMF
https://medium.com/@markitoos.damian...e-ae035396e9ff Has anyone experienced these type of issues at FTMO?

This is dumb... If a profitable trader lasts just 3 months on the funded account on average, FTMO would be bankrupt.

Almost all the payout proof I have seen is on average 3000 usd. And there are hundreds of these proofs online in various parts of the internet...

Do they make money from failed challenges? Sure. Is it a pyramid scheme? Nope because mathematically it would already have been bust. 8% affiliate fee + refund to 8% of traders + almost 10x on payouts per profitable trader on average?

If you think FTMO is a pyramid scheme, then your brain cannot do math or handle logic. Is it clear and transparent? Nope, there is a lot hidden by this company in comparison to a few other companies but there is absolutely NO WAY they are profiting purely from challenge fees. 0 chance of that.

This is not to say they are executing trades identically to the traders, just that there is for sure other sources of income.
  • #6,237
  • Mar 16, 2021 11:41pm Mar 16, 2021 11:41pm
Quoting Takisd
{quote} This is dumb... If a profitable trader lasts just 3 months on the funded account on average, FTMO would be bankrupt. Almost all the payout proof I have seen is on average 3000 usd. And there are hundreds of these proofs online in various parts of the internet... Do they make money from failed challenges? Sure. Is it a pyramid scheme? Nope because mathematically it would already have been bust. 8% affiliate fee + refund to 8% of traders + almost 10x on payouts per profitable trader on average? If you think FTMO is a pyramid scheme, then your...
Rarely post, but why not make one today:

Respectfully, you are wrong.
It isn't really dumb that 3 months number.
Chatting with one prop owner, his statistic was that approx 65% funded traders don't get thru 2 months, 78% bleed out within 3 months.

While FTMO has 8% getting funded, that doesn't equal 8% getting paid as funded traders!
I personally know 2 who passed the challenge then blew up before getting to payout, and read here on this thread at least another 2 who has done the same.
So 8 % isn't exactly the number getting refund or paid.
The payout proof you may seen, by human nature, would tend to be the best case scenario. Traders usually won't brag their minuscule or losing month...
Even this thread, "motivation" posted is a free trial gamble metrix, not payout checks.
Fantasy league, for other fantasy leaguers...but that what ppl interested in.

( speaking of dumb, most fund managers ( ETF and hedge funds) underperforming the index, approx 80% of them the number out there. On one year, or multiple years span, makes no difference.
So how or why they exist? The why is debated, but the how is clear:
On the fees!)

The rest, how the model works, what income streams can be added alongside, how advertisement or "influencers" are, how it would in reality be to copy from demo to actual live acct, or be liable for demo server errors that not in your hand, and can't take it to someone to share responsibility, etc.,let be up to everyone's own imagination.

But I have zero doubt and plenty evidence that the average funded traders won't last beyond 3 months, the rules usually not helping, if not outright tailored to be an obstacle to it, not particularly FTMO, but any and all pay-to-play prop.
And if that 3 months sounds too little, the average Joe traders don't last any longer either, with no restrictions and rules at all on their private accts...

Happy trading!
Z
there is always, always another trade!!
  • #6,238
  • Mar 17, 2021 12:19am Mar 17, 2021 12:19am
Quoting profitfarmer
Rarely post, but why not make one today: Respectfully, you are wrong. It isn't really dumb that 3 months number. Chatting with one prop owner, his statistic was that approx 65% funded traders don't get thru 2 months, 78% bleed out within 3 months. While FTMO has 8% getting funded, that doesn't equal 8% getting paid as funded traders! I personally know 2 who passed the challenge then blew up before getting to payout, and read here on this thread at least another 2 who has done the same. So 8 % isn't exactly the number getting refund or paid....
Finally a voice of sanity.
Know what you trade
  • #6,239
  • Mar 17, 2021 2:16am Mar 17, 2021 2:16am
as i've said multiple times.
as logn as they pay i will trade for them, i dont care how they make income.
i also believe most fuded traders will loose their account within the first month

on another note, forex is a patient game. this week i only had 1 trade and i still have no setup to take another. (to go 1-2% risk and get 2-5% return)
the rest of my trades have been small scalps for 10-15 pips. (for +0.2-0.3%)

the patient win
offering my system to copy trade. check my link
  • #6,240
  • Mar 17, 2021 3:06am Mar 17, 2021 3:06am
Quoting jmoreno
{image} Hey Crypto, i didnt really mind when you told me that i am not a bright bulb, in fact i almost find it to be a tad stimulating in a way. so why dont we bury the hatchet and start fresh? your friedn, J Moreno
I think a private message requires a private reply.
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