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FTMO - For serious traders

  • #6,861
  • Apr 12, 2021 5:37am Apr 12, 2021 5:37am
Quoting PaulMF
{quote} Thanks for your help. By the way, I never questioned your experience. Just in case.
Ok fair enough. Did the free trial this morning out of interest pretty much tracking my live account.

Whether or not they go live to market I don't know. They sure make money from the fees but what got me was the spread - it's more than double what I pay so they have to be making there too.
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  • #6,862
  • Apr 12, 2021 6:01am Apr 12, 2021 6:01am
Quoting claudia1
{quote} Ok fair enough. Did the free trial this morning out of interest pretty much tracking my live account. Whether or not they go live to market I don't know. They sure make money from the fees but what got me was the spread - it's more than double what I pay so they have to be making there too. {image}
Current spread FTMO.
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  • #6,863
  • Apr 12, 2021 6:05am Apr 12, 2021 6:05am
Quoting Dmh
{quote} Current spread FTMO. {image}
Not what I'm seeing so therefore you must be paying commission too.

This morning was a bit of fun to see what they're all about. But the spread on the free demo must include a notional commission.
  • #6,864
  • Apr 12, 2021 6:15am Apr 12, 2021 6:15am
Quoting claudia1
{quote} Not what I'm seeing so therefore you must be paying commission too. This morning was a bit of fun to see what they're all about. But the spread on the free demo must include a notional commission.
That are free demo spreads. Commision is 3 usd/lot.
  • #6,865
  • Apr 12, 2021 6:20am Apr 12, 2021 6:20am
Quoting Dmh
{quote} That are free demo spreads. Commision is 3 usd/lot.
That's what I see right now. Spread of 2 with no commissions. Been paying 0.9 all morning on live.

It doesn't matter that much.
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  • #6,866
  • Apr 12, 2021 6:38am Apr 12, 2021 6:38am
Quoting allinazi
{quote} ignore this troll he has a great ability to make assumptions out of thin air ...
Simple question-are you still trading with Fortis? Didn't you strongly encourage everyone to trade with Fortis? Quick change of tune, didn't you?
  • #6,867
  • Apr 12, 2021 6:42am Apr 12, 2021 6:42am
Quoting claudia1
{quote} Ok fair enough. Did the free trial this morning out of interest pretty much tracking my live account. Whether or not they go live to market I don't know. They sure make money from the fees but what got me was the spread - it's more than double what I pay so they have to be making there too. {image}
If that wasn't in a moment of huge volatility, that's too much.

That's not the raw institutional spreads they offer.

They used to have some texts in the site where they explained they work with LMAX. Now, those texts have disappeared.

I don't know why. A new conjecture: LMAX doesn't want to be related with this type of business?
Always ready to help
  • #6,868
  • Apr 12, 2021 6:52am Apr 12, 2021 6:52am
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  • #6,869
  • Edited 7:11am Apr 12, 2021 6:52am | Edited 7:11am
Quoting kCBHk
{quote} Simple question-are you still trading with Fortis? Didn't you strongly encourage everyone to trade with Fortis? Quick change of tune, didn't you?
i do recommend if you have enough capital .... but its pointless if you do not... why do i recommend because there's no restrictions no challenges etc but verified track records to get in ... so you have already proven yourself as a trader... but you know most don't even have that

so why do FTMO ... simple larger accounts

im doing the 100k verification now lets say i get through that... pressure is off 2-5% per month is more than enough and its ok money worth it to trade

but when i was trading with the other guys it was 10k acc making a few % well may as well go work in mcdonalds
  • #6,870
  • Apr 12, 2021 6:53am Apr 12, 2021 6:53am
Quoting Dmh
{image}
I believe this got cancelled a long time ago (for live traders only).
  • #6,871
  • Apr 12, 2021 6:56am Apr 12, 2021 6:56am
Quoting ia1979
{quote} I believe this got cancelled a long time ago (for live traders only).
Wasn’t that the 50% profitable days rule? I got this email 15 minutes ago.
  • #6,872
  • Apr 12, 2021 7:11am Apr 12, 2021 7:11am
Quoting Dmh
{quote} Wasn’t that the 50% profitable days rule? I got this email 15 minutes ago.
Oh OK, you are probably right. I wasn't aware funded traders had to trade for a minimum of 10 days per month. On my verification just now.
  • #6,873
  • Apr 12, 2021 7:16am Apr 12, 2021 7:16am
Honestly...FTMO should reconsider Challenge and Verification periods.
Flipping it.

Challenge should be 2 months, while Verification 1 month. This makes more sense.
In this this way FTMO will be able to reveal more capable traders. Those who are not pressed by time constraints.

Support this idea.
always draw trendlines
  • #6,874
  • Apr 12, 2021 7:26am Apr 12, 2021 7:26am
Quoting tk5
Honestly...FTMO should reconsider Challenge and Verification periods. Flipping it. Challenge should be 2 months, while Verification 1 month. This makes more sense. In this this way FTMO will be able to reveal more capable traders. Those who are not pressed by time constraints. Support this idea.
This has been highlighted before and makes perfect sense. However, we don't know the intricacies of their business model. And that's all I will say on the subject. Perhaps they have a very good reason for giving you less time to pass the harder objective.
  • #6,875
  • Apr 12, 2021 7:41am Apr 12, 2021 7:41am
Quoting ia1979
{quote} This has been highlighted before and makes perfect sense. However, we don't know the intricacies of their business model. And that's all I will say on the subject. Perhaps they have a very good reason for giving you less time to pass the harder objective.
I dont think there is anything to do with business model.

This Periods thing is all about attempt to filter out good traders within 'not so long time'. But in fact, good traders dont like to hurry up with trades.
always draw trendlines
  • #6,876
  • Edited 8:37am Apr 12, 2021 8:04am | Edited 8:37am
-Strong traders know enough to have much greater chances to make it in a month.

-FTMO have all the statistics needed to make conclusions about optimal challenge offers, not us.

-The challenge is not as much for the trader as it is for the holder of funds. So as long as they start loosing too many potential traders to competitors, I dont see them changing anything big.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #6,877
  • Apr 12, 2021 8:58am Apr 12, 2021 8:58am
Quoting tk5
Honestly...FTMO should reconsider Challenge and Verification periods. Flipping it. Challenge should be 2 months, while Verification 1 month. This makes more sense. In this this way FTMO will be able to reveal more capable traders. Those who are not pressed by time constraints. Support this idea.
A month is enough to make 10%, and only the one who does not follow the rules of the trading system will not do 5% in a month (of course, if he has one, the system)
sorry for my English, using google translator.
  • #6,878
  • Apr 12, 2021 9:01am Apr 12, 2021 9:01am
Quoting LoveScalping
{quote} A month is enough to make 10%, and only the one who does not follow the rules of the trading system will not do 5% in a month (of course, if he has one, the system)
Do you make 5% every month?
Always ready to help
  • #6,879
  • Apr 12, 2021 9:04am Apr 12, 2021 9:04am
Quoting PaulMF
{quote} Do you make 5% every month?
i can make 100% every day on low deposit (10-50$) For this I came to cooperate with FTMO, I need a lot of capital for my trading style (scalping).
If you look at my posts before, you will see that I went through All the necessary goals (in challenges and verification) for a profit of 10% and 5% within 1-2 days,
without breaking the 5% drawdown of the deposit. The verification failed due to banal overtrading, I got bored.

In the near future I will take on a new challenge and will not repeat these idiotic mistakes.
The whole power of scalping is in strict adherence to the rules, like a sniper.
sorry for my English, using google translator.
  • #6,880
  • Apr 12, 2021 9:12am Apr 12, 2021 9:12am
Quoting LoveScalping
{quote} i can make 100% every day on low deposit (10-50$) For this I came to cooperate with FTMO, I need a lot of capital for my trading style (scalping). If you look at my posts before, you will see that I went through All the necessary goals (in challenges and verification) for a profit of 10% and 5% within 1-2 days, without breaking the 5% drawdown of the deposit. The verification failed due to banal overtrading, I got bored. In the near future I will take on a new challenge and will not repeat these idiotic mistakes. The whole power of scalping...
That's too much.

But my question was: Do you make 5% every month? With a $10,000 or $100,000 deposit?
Always ready to help
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