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  • #6,701
  • Apr 9, 2021 6:11am Apr 9, 2021 6:11am
Quoting PaulMF
{quote} First and focusing on what caviarblue said. You don't get caviarblue point. Read the post carefully. {quote} caviarblue is just demanding that: a 5% daily drawdown. Not a fixed value calculated from the first trading day. In summary: if balance increases, the 5% calculated based on that new balance instead of the starting balance. {quote} Didn't see that proof. And no one showed that they are interested in trading. Objectives, rules, participation fees, talking about competitors when referring to all other business of the like, promoters...
Yes I got caviarblue s point. 5% is more than generous in that respect. Dont forget that you are withdrawing profits so the account isnt realy growing unless you keep it there and if so, well, get another challenge ready or get more thanks to the great scaling plan ! ... But you are entitled to your opinion. Be careful playing with 5% growing, one day, bad days will add up...

Your assumptions about my message above are wrong.

Also, good traders are getting paid good money. Should be enough to contradict your previous statement I mentioned above. Am sorry to hear you do not have the capacity to find that proof on your own. But not having proof also does not prove that the contrary or anything else is true.

Yes you are right of course that many ignorant, or desperate, or people that get trapped in thinking they can succeed with them. But only the individual can determine if they can do it or not. It is their responsibility, not FTMOs. You seem stuck in the frame of mind that the problem is FTMO.

They also need to filter out the demand that is very high. Try to understand.

If their whole process would be based on the challenge and verification part, I d be 100% in agreement with you.


You are not getting anyone s point... unfortunately.

No offense, and sorry if you take any. Cheers fellow trader !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #6,702
  • Apr 9, 2021 6:22am Apr 9, 2021 6:22am
Quoting PaulMF
{quote} All of them are proofs of their type of business: participation fees of those that have the lack of knowledge of what this trading world is about.
What are you doing taking challenges when you have a lack of knowledge and don't know anything? If you want to take chances go play the lottery.
Everything you want in life is on the other side of fear.
  • #6,703
  • Apr 9, 2021 8:04am Apr 9, 2021 8:04am
Quoting PaulMF
{quote} First and focusing on what caviarblue said. You don't get caviarblue point. Read the post carefully. {quote} caviarblue is just demanding that: a 5% daily drawdown. Not a fixed value calculated from the first trading day. In summary: if balance increases, the 5% calculated based on that new balance instead of the starting balance. {quote} Didn't see that proof. And no one showed that they are interested in trading. Objectives, rules, participation fees, talking about competitors when referring to all other business of the like, promoters...
Dear Paul, can you deign to explain what you want to achieve by communicating in this thread, if you:
1. You are not going to use FTMO services

2. Do not take into account the posts of other members that do not coincide with your personal opinion.

3. You are too lazy to even go to the official website where there is comprehensive information, and if not, why not ask a question in the online chat ?!
If you have questions on the merits, I think there will be people to answer them, and so I ask you - stop scribbling meaningless posts in this topic, thank you.
sorry for my English, using google translator.
  • #6,704
  • Apr 9, 2021 8:22am Apr 9, 2021 8:22am
Quoting mtako
{quote} Yes I got caviarblue s point. 5% is more than generous in that respect. Dont forget that you are withdrawing profits so the account isnt realy growing unless you keep it there and if so, well, get another challenge ready or get more thanks to the great scaling plan ! ... But you are entitled to your opinion. Be careful playing with 5% growing, one day, bad days will add up... Your assumptions about my message above are wrong. Also, good traders are getting paid good money. Should be enough to contradict your previous statement I mentioned...
No opinion from my side. Just caviarblue opinions.

There aren't good traders at FTMO or unless no one has proved that. No one has also proved of getting paid properly. No one has proved that FTMO is trading and making money by trading.

All that have been shown here are very suspicious screenshots:
- One that demands to be at Netherlands but using a mobile phone that uses Irancell (Iran teleco company).
- One that connects just to post 3 times in this forum and one of the posts is a very suspicious screenshot.
- Another one that demands to be a certified Wealth Manager that show a screenshot of the certifcate hiding the certification number.
- One that losses 5% in an audited account in a broker but at the same time, he passes the challenge and verification (15%).
- etc.

Very obscure!

And sorry if you think I'm against you in anyway. I'm just trying to share my knowledge to anyone who reaches this thread thinking that trading is that simple. Prop-firms are firms that make money by trading (or at least they try to). They never ask for money to hire traders. And they never reach that level of profitability that FTMO demands to be part of their "team of traders". I think is good that someone like me would share his knowledge. And anyone like me that has some professional background in the field knows that this is not a prop-firm business and matches better with a casino model.
Always ready to help
  • #6,705
  • Apr 9, 2021 8:26am Apr 9, 2021 8:26am
Quoting MoneyMeyka
{quote} What are you doing taking challenges when you have a lack of knowledge and don't know anything? If you want to take chances go play the lottery.
You get the point. Exactly. One it is easier to win the lottely than passing FTMO challenge. Reward/Risk ratio is greater with lottery.
Always ready to help
  • #6,706
  • Apr 9, 2021 8:28am Apr 9, 2021 8:28am
Quoting PaulMF
{quote} You get the point. Exactly. One it is easier to win the lottely than passing FTMO challenge. Reward/Risk ratio is greater with lottery.
can you plucked some numbers here for the next Mega Millions and Powerball.
  • #6,707
  • Apr 9, 2021 8:29am Apr 9, 2021 8:29am
Quoting LoveScalping
{quote} Dear Paul, can you deign to explain what you want to achieve by communicating in this thread, if you: 1. You are not going to use FTMO services 2. Do not take into account the posts of other members that do not coincide with your personal opinion. 3. You are too lazy to even go to the official website where there is comprehensive information, and if not, why not ask a question in the online chat ?! If you have questions on the merits, I think there will be people to answer them, and so I ask you - stop scribbling meaningless posts in this...
My point is clearly identified by reading my posts in this forum and all its threads. Share my knowledge, contribute.

The problem is when others's contribution is just to sell a product and everything being said about the product that they find problematic (for their business) is fought with disrespectful posts.
Always ready to help
  • #6,708
  • Apr 9, 2021 8:33am Apr 9, 2021 8:33am
Quoting mixedbags
{quote} can you plucked some numbers here for the next Mega Millions and Powerball.

Try with the number of your post: 13488606


Attached Image (click to enlarge)
Click to Enlarge Name: mixedbags.PNG Size: 42 KB
Always ready to help
  • #6,709
  • Apr 9, 2021 8:40am Apr 9, 2021 8:40am
Quoting PaulMF
{quote} There aren't good traders at FTMO
where is your proof ? and that is just one of your baseless beliefs you are tiring this thread with.

It is one thing and it is healthy to doubt, but you are convinced of many things you know nothing about, unless you have hacked FTMOs computers and think the earth is flat (no offence my fellow flat earthlings !)


You jump to so many conclusions without any proof of your own, and you are no better in your logic when you digress.

Good points with the challenge, but everything else coming from you has been pure conjecture.

Take care Paul, sincerely,

Hope you stop making circles soon, for your health. Wishing you d move on. We get your point....
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #6,710
  • Apr 9, 2021 9:18am Apr 9, 2021 9:18am
Quoting mtako
{quote} where is your proof ? and that is just one of your baseless beliefs you are tiring this thread with. It is one thing and it is healthy to doubt, but you are convinced of many things you know nothing about, unless you have hacked FTMOs computers and think the earth is flat (no offence my fellow flat earthlings !) You jump to so many conclusions without any proof of your own, and you are no better in your logic when you digress. Good points with the challenge, but everything else coming from you has been pure conjecture. Take...
You cut the sentence:

There aren't good traders at FTMO or unless no one has proved that.


You are completely right. Everything coming from my side in this thread is pure conjecture. The thing is that I have argumented every conjecture based on my knowledge. Instead, attepmts to prove the opposite are obscure. And the funny thing is that proving that someone (prop-firm or idnividual) is trading, making money and etc. is really easy to do.

In the end, silent me is a very easy task. Why not doing it when is good for your business?
Always ready to help
  • #6,711
  • Apr 9, 2021 9:46am Apr 9, 2021 9:46am
Quoting PaulMF
{quote} You cut the sentence: There aren't good traders at FTMO or unless no one has proved that. You are completely right. Everything coming from my side in this thread is pure conjecture. The thing is that I have argumented every conjecture based on my knowledge. Instead, attepmts to prove the opposite are obscure. And the funny thing is that proving that someone (prop-firm or idnividual) is trading, making money and etc. is really easy to do. In the end, silent me is a very easy task. Why not doing it when is good for your business?

I cut the sentence that changes nothing to my point, but you jump blindly again and miss the point . wow. ok. no more logic at all now. Ive been there. Sometimes when I drink too much coffee we are all human right ?

And you didnt understand me by thinking about silencing you. On the contrary, I value all opinion, but once is enough. We got your point like 10000000s posts ago. No need to repeat yourself 10000000000 more times. Think about this subjectively please. Im sure if it was the other way around, you would want me to stop repeating the same old thing. It becomes insulting, condescending, becomes harassing after the 9999999999999s time.

Perhaps we are not as stupid as you seem to think we are by repeating the same points without end.

We get it, why not try to bring something new to the table, instead of bashing this thread with the suspicions we have already heard about 10000000000000000s times ?

Im out. Im really really out. Positions are set for the weekend at last !.

Apologies for not bringing anything valuable to the thread. Too much coffee

Take care Paul, sincerely
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #6,712
  • Apr 9, 2021 9:49am Apr 9, 2021 9:49am
it is true FTMO without fees would go bankrupt very fast because of low succesfull rate of just around 5% and even lower on the long term, the fees cover their losses from traders, but thats good because the retail trader has a chance if hes good to make money without havin any risk from his side, but FTMO to be able to offer that, they need the fees.

imagine FTMO has 1000 traders without fees that have 100k accounts: 95% fail rate that means $5000 (takin the daily loss)x 950 = -$4,750,000
: 5% win rate that each trader makes around 10% = $10000 x 50 = $500,000 - 70% = $150,000

now tell me how the hell would FTMO make any money without asking for a fee, its impossible.
  • #6,713
  • Apr 9, 2021 9:56am Apr 9, 2021 9:56am
Quoting Rayder4Life
it is true FTMO without fees would go bankrupt very fast because of low succesfull rate of just around 5% and even lower on the long term, the fees cover their losses from traders, but thats good because the retail trader has a chance if hes good to make money without havin any risk from his side, but FTMO to be able to offer that, they need the fees. imagine FTMO has 1000 traders without fees that have 100k accounts: 95% fail rate that means $5000 (takin the daily loss)x 950 = -$4,750,000 : 5% win rate that each trader makes around 10% = $10000...
A prop-firm interesting in traders just filter those profitable ones without asking for a participation fee. Otherwise, it is not interested in trading; just in the participation fees.
Always ready to help
  • #6,714
  • Apr 9, 2021 10:02am Apr 9, 2021 10:02am
Quoting mtako
{quote} I cut the sentence that changes nothing to my point, but you jump blindly again and miss the point . wow. ok. no more logic at all now. Ive been there. Sometimes when I drink too much coffee we are all human right ? And you didnt understand me by thinking about silencing you. On the contrary, I value all opinion, but once is enough. We got your point like 10000000s posts ago. No need to repeat yourself 10000000000 more times. Think about this subjectively please. Im sure if it was the other way around, you would want me to stop repeating...
I didn't say you were trying to silence me (unless you are part of FTMO) , neither thought you were trying to do that.

I'm curious, every time I say something addressed to FTMO, always appears someone that takes it personally.

Your point, your coffee, and my point of 10000000s posts ago will be here for a while...
Always ready to help
  • #6,715
  • Apr 9, 2021 11:42am Apr 9, 2021 11:42am
Quoting Profit-Farmer as it appears he's deleted his post.

"hint: FTMO didnt/couldnt accept such offer.

to entertain a bit Paul's points, and bcos being Friday and done trading earlier, i have looked into some of the FTMO success stories.
look up the 40k guy's video. get a name. google is your friend. lets see what does it come up for you.

but most got no names, that matter.
convinient.
one hit rockstars? traders?
who knows.

at best probably a few hand selected individual when there is someone like that to pick from.
a lot easier to come across the type that "almost" passed the challenge but failed, or even passed the challenge, but really failed to make much money beyond maybe a small gain and a refund.
right, occasionally read about someone saying they are with FTMO 5-6 months, or more...that doesnt mean they had 5-6 months of 5 digit paychecks though.

at worst, lets not go there now. the truth that the internet is full of reviews, and a high percentage of it isnt what it looks like.
FF.com is searchable, regarding some early days FTMO reviews. with time comes experience?

in the end, for cheering there is a whole YT channel, all transparent, but all not.
take the 40k guy, a former McD crew, the same year marketing specialist, and the same year a CEO and co founder, supposed to be some kind of wealth creator ( never knew meccyD train for that too!!), etc....
internet is a wonderful thing.

while Paul at times is questioning, in the same time, i must agree, things cant be always taken just on face value.
even a coin has 2 sides

happy weekend!
Z"


Lol I don't agree with a lot of your comments regarding FTMO and the likes but i respect them because more often than not you do make good logical points and In the end it just sounds like a preference thing.

However, I'm finding it very difficult to see the point you're trying to make here. Are we still really at this point of questioning whether FTMO has funded and are consistently paying any real traders? Lol really?

i don't think I know this 40k video you're talking about, but I'd like a link to the video. Secondly, you want to Google names of Traders before you believe they're actually real people? I don't even understand that part.
so if I happen to make 20k on a FTMO trading account and post a video about it, then my claims would automatically be false because you searched my name on Google and didn't find me or anything?

We each have to decide what is believable but at some point it just becomes ridiculous to call everything fake or fabricated.

Traders who had YouTube channels before FTMO came on the scene - Fake proof

Traders who set up new channels to publicize their FTMO challenge and funding journey - fake proof

Forex factory Traders posting in this thread - Fake proof and screenshots

Forex factory Traders who started Journals to record their progress - Fake proof.


What exactly does one need to see before this ridiculous idea is laid to rest?

From your previous posts here and on your Journal, I deduced that you're not a fan of the pay to play model and that's fine, you have very logical reasons.
But your last post here regarding real people earning from FTMO is far from logical Z.
  • #6,716
  • Apr 9, 2021 12:04pm Apr 9, 2021 12:04pm
I agree that Paul has his own reasons to suppose that they are trying to deceive him and in fact are FTMO scammers who by any means at least get his hard-earned money.
Guys, what would you do if you don't like something? spat and left right? but this is not about Paul, in no case will he use and even try to use the services of FTMO, BUT - they try to write about this on every corner, I don't understand WHY?, well, you don't like the company, the services it provides, forget the way to her ...
sorry for my English, using google translator.
  • #6,717
  • Apr 9, 2021 12:04pm Apr 9, 2021 12:04pm
[quote=PaulMF;13488594]{quote} No one has proved that FTMO is trading and making money by trading.

I have a trading mentor-friend and know a few trading "co-workers" that are using FTMO and have already been PAID.
This is precisely why I am interested in taking the challenge myself. I'm studying to prepare for the 100k challenge.
  • #6,718
  • Apr 9, 2021 12:10pm Apr 9, 2021 12:10pm
Quote
Traders who had YouTube channels before FTMO came on the scene - Fake proof

Traders that probably get paid to promote FTMO.


Quote
Traders who set up new channels to publicize their FTMO challenge and funding journey - fake proof

Traders that probably get paid to promote FTMO.


Quote
Forex factory Traders posting in this thread - Fake proof and screenshots

"Traders" that probably are part of FTMO.


Quote
Forex factory Traders who started Journals to record their progress - Fake proof.

No proof of making a profit.



Profits are easy to prove. But for some strange reason, that's something very difficult for FTMO traders. Basically, when you say that you look for traders that make 10% in a month, you are just saying that you don't look for traders at all. Anyone, with some little backgorund in this industry, supported with ethical practices, will tell you the same thing.

The business is what it looks like: casino like business hide behind the mask of a "prop-firm".
Always ready to help
  • #6,719
  • Apr 9, 2021 12:13pm Apr 9, 2021 12:13pm
Quoting ForexGalVA
I have a trading mentor-friend and know a few trading "co-workers" that are using FTMO and have already been PAID. This is precisely why I am interested in taking the challenge myself. I'm studying to prepare for the 100k challenge.
Good luck with that! But now you have a new mentor named PaulMF who won't ask you for a fee and share his knowledge for free: Don't waste your time paying for a challenge.
Always ready to help
  • #6,720
  • Apr 9, 2021 12:13pm Apr 9, 2021 12:13pm
I would like to append to my message of just 5m ago. Don't know how or if it is possible.

What is most important to me, after knowing fellow traders have received payment, is FTMO operated and functioning to be around for the long haul (10 years+)?

What happens when they become more popular than they already are?
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