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FTMO - For serious traders

  • #6,921
  • Edited 4:37am Apr 13, 2021 3:46am | Edited 4:37am
Quoting Phronesis24
{quote} I can tell you for a fact that EA work at best for 3 months and there after become useless. The best indicator I have seen in the market for years is a TRADER [HUMAN BEING]. Your view [eyes] and logic on the chart cannot be replicated.
For what fact can you tell me that an EA (I guess you refer to any trading robot) work at best 3 months?

I never thought that just a fact silences an entire finance industry. "About 70-80 percent of overall trading volume is generated through algorithmic trading".

Also, why do you know that your view and logic cannot be replicated?

I have never seen a view and logic of a retail trader that cannot be replicated.
Always ready to help
  • #6,922
  • Apr 13, 2021 4:32am Apr 13, 2021 4:32am
Derailed.
on a postive roll...
  • #6,923
  • Apr 13, 2021 5:21am Apr 13, 2021 5:21am
Quoting PaulMF
{quote} For what fact can you tell me that an EA (I guess you refer to any trading robot) work at best 3 months? I never thought that just a fact silences an entire finance industry. "About 70-80 percent of overall trading volume is generated through algorithmic trading". Also, why do you know that your view and logic cannot be replicated? I have never seen a view and logic of a retail trader that cannot be replicated.
you have made this Thread a Chat-Room man..cmon man.
always draw trendlines
  • #6,924
  • Apr 13, 2021 5:26am Apr 13, 2021 5:26am
Quoting Rayder4Life
{quote} well it could be like FTMO is trying to see if traders can make 10% under the time pressure and to see if they can control themselves and not over risk and gamble to get to that requirement, maybe they are just trying to get very good traders to trade for them that can handle their emotions, and the 5% on verification maybe it is just to make sure they can make consistent profit, anyway given that 93% of traders fail, it seems FTMO really has pretty good traders that end up trading for them. thats just my 2 cents, they could make it easier...
The point here is You could reveal more successful traders by allowing them little more time. At least, you could create this 'psychological ground' if you tell your clients - ok now you have more time for 10% target, the time length that you were asked for 5% before.

This could significantly boost mental readiness of traders.
always draw trendlines
  • #6,925
  • Apr 13, 2021 5:38am Apr 13, 2021 5:38am
Quoting tk5
{quote} you have made this Thread a Chat-Room man..cmon man.
Why don't you say that to him or those than insult me when I have never done the same?

I just reply to those that quote me helping on what I know.
Always ready to help
  • #6,926
  • Apr 13, 2021 6:21am Apr 13, 2021 6:21am
Quoting PaulMF
{quote} Why don't you say that to him or those than insult me when I have never done the same? I just reply to those that quote me helping on what I know.
You will of course excuse me for being rude, but none of your messages in this thread was useful to anyone.
You think that you are helping people here, saving them from scammers in your opinion, but the whole point is that no one asked and will not ask you to do this, no one needs your advice at last.
sorry for my English, using google translator.
  • #6,927
  • Apr 13, 2021 6:36am Apr 13, 2021 6:36am
Quoting LoveScalping
{quote} You will of course excuse me for being rude, but none of your messages in this thread was useful to anyone. You think that you are helping people here, saving them from scammers in your opinion, but the whole point is that no one asked and will not ask you to do this, no one needs your advice at last.
I never excuse anyone of being rude when no one has been rude with him.

I respect your opinion on whether my messages are useful or not. But don't decide for everyone that may reach my posts. Also , there is no need on telling whether someone posts are usefull or not. It never come to my mind to post here whether your posts are useful or not.

And no one asked you to reply my posts and you are doing it. It's a forum... That's all about.

You can always filter my posts and don't read them.
Always ready to help
  • #6,928
  • Apr 13, 2021 6:38am Apr 13, 2021 6:38am
Please all.. Dont respond or 'insult' PaulMF (you dont have to) so that the Thread is flood-free.
always draw trendlines
  • #6,929
  • Apr 13, 2021 6:39am Apr 13, 2021 6:39am
Quoting tk5
{quote} The point here is You could reveal more successful traders by allowing them little more time. At least, you could create this 'psychological ground' if you tell your clients - ok now you have more time for 10% target, the time length that you were asked for 5% before. This could significantly boost mental readiness of traders.
ever consider the possibility that the main objective isnt to " reveal more successful traders"?

if not that, then what?
IT IS A GAME!
you sign up, and if you play good, respecting the rules, you may get rewarded.
BUT YOU DONT TRADE LIVE as is a trader.
probably best describe like a real life soldier vs an Xbox gamer. both have skills, some in useful in both line of "work", but one is real bullets flying, the other is a one button reset.

discplaimer: I like Xbox. nothing against it. but playng a sniper in a game 1 evening a week, doesnt makes me a soldier.

plenty giveaways where the reality and the fiction diverge.
and doesnt say FTMO dont PAY!
they do pay. ( at least for now). like in any game, when the interest drops, most online game servers disappear too.
ppl move on to other games, and the fees just stop paying for running the show any longer, overhead and all.

Deloitte doesnt award FTMO ( FF Trader) for being a propriatery trading firm actually.

"FF Trader s.r.o. developed an online training platform for traders on financial markets. The platform is built to educate clients about proper risk management techniques and to motivate them to be disciplined in trading."
the source of the above quote: is Deloitte's own website. text posted undeited, if some wonders.

yes, a fancy way to call an INNOVATIVE TRADE SIMULATOR!
that is that!
and nothing is wrong with this.
they did well, and best shown that many of the popping up "competition" is using the same or similar model they good part copied from FTMO.
a side note, that this very same part knock off competition will be the catalyst to end the exact model, cutting each other's throat while manuvering for a larger slice of the pie.

this post about one of the copycat "prop firm" was overlooked by large,
https://www.forexfactory.com/thread/...2#post13489702

in it is everything one need to understand the "business model", complimenting the above from Deloitte very well.
it is OK to play the game.
but it is good to know what game you are exactly playing, so later it isnt a surprise.
a spade is a spade, even if the cheerleader squad doesnt like to admit to that fact.
countless number of posts went into what trades copied, what not copied, where the answer is so clear about.
FTMO is not a FUNDING FIRM!
it is a trading simulator game with cash rewards!
like Las Vegas slots. a well calculated % of the players will get rewarded, to keep the balance of the dangling carrot ( reward) vs the hungry rabbits ( new "talent").

please dont bother to quote this post,
i wont go into further details, all is there what anyone who is interested to understand this "industry" ( what a BS in this context!) needed.

“If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle.”


Z
there is always, always another trade!!
  • #6,930
  • Apr 13, 2021 6:54am Apr 13, 2021 6:54am
And some regulated companies (with 20 years history) in the industry have started its battle against this type of business model. Look at this:

https://trade.collective2.com/prop-t...YaAt-IEALw_wcB
Always ready to help
  • #6,931
  • Apr 13, 2021 6:56am Apr 13, 2021 6:56am
Quoting profitfarmer
{quote} ever consider the possibility that the main objective isnt to " reveal more successful traders"? if not that, then what? IT IS A GAME! you sign up, and if you play good, respecting the rules, you may get rewarded. BUT YOU DONT TRADE LIVE as is a trader. probably best describe like a real life soldier vs an Xbox gamer. both have skills, some in useful in both line of "work", but one is real bullets flying, the other is a one button reset. discplaimer: I like Xbox. nothing against it. but playng a sniper in a game 1 evening a week, doesnt...
Totally agree, except that I don't know anything with any certainty.
In fact, none of us do, we can only speculate based on our experiences, knowledge and logical reasoning.

Funding talent LIED about linking demo accounts to their "live accounts", a statement or claim that all the new challenge prop firms have stolen and regurgitated from FTMO. Got taken to court and decided to " come out clean" on instagram in order to seem like an honest firm, when in truth they are only honest because they got caught.

FTMO could very well be doing the same thing, if they are, I hope they never run dry like a casino.

The most important thing is that profitable Traders are being paid at the moment and most like will continue to get paid at least for the whole of this year (and many more to come hopefully).

My advice, if you can pass the challenge, grab the opportunity while it's here... Get your refund, try to earn some money to build your own capital base pending a probable collapse

And most importantly... F*CK A BUFFER!! DO NOT LEAVE ANY PROFITS IN YOUR FUNDED ACCOUNT.
  • #6,932
  • Apr 13, 2021 7:01am Apr 13, 2021 7:01am
Quoting PaulMF
And some regulated companies (with 20 years history) in the industry have started its battle against this type of business model. Look at this: https://trade.collective2.com/prop-t...YaAt-IEALw_wcB
Lmao Paul do your due diligence so you could stop appearing ridiculous each time you post.
Those guys have ulterior selfish motives... Trying to pry people away from prop firms so they could come work for them and earn $1000 monthly.



For the sake of peace and orderliness, can we all just accept that FTMO pays Traders solely from failed challenges? So we can move on and avoid repeatedly having these redundant arguments each time a new wiseass Saviour arrives?
Not that it matters to Traders who can pass the challenge.

Anyone agree?
  • #6,933
  • Apr 13, 2021 7:09am Apr 13, 2021 7:09am
Quoting Koop
{quote} Lmao Paul do your due diligence so you could stop appearing ridiculous each time you post. Those guys have ulterior selfish motives... Trying to pry people away from prop firms so they could come work for them and earn $1000 monthly. For the sake of peace and orderliness, can we all just accept that FTMO pays Traders solely from failed challenges? So we can move on and avoid repeatedly having these redundant arguments each time a new wiseass Saviour arrives? Not that it matters to Traders who can pass the challenge. Anyone agree?
I have never discussed on whether they pay or not.

My point is the business model. And how they mask behind what they call a "prop-firm". That they will not be able to pay if there exist traders that have the ability to profit in the way they rules and objectives are set.

You may appearing ridiculous each time you reply to everyone that says something that it is not good for FTMO and I have never mentioned that.

Just let everyone go with his opinions.

And let's agree in the fact that no one has shown any proof of FTMO being trading and profitable in the same level they demanded those that become part of their "team".
Always ready to help
  • #6,934
  • Apr 13, 2021 7:23am Apr 13, 2021 7:23am
Quoting PaulMF
{quote} I have never discussed on whether they pay or not. My point is the business model. And how they mask behind what they call a "prop-firm". That they will not be able to pay if there exist traders that have the ability to profit in the way they rules and objectives are set. You may appearing ridiculous each time you reply to everyone that says something that it is not good for FTMO and I have never mentioned that. Just let everyone go with his opinions. And let's agree in the fact that no one has shown any proof of FTMO being trading and profitable...
FTMO needs to prove that they themselves are Traders and are profitable Traders?


Paul, I agree. FTMO pays it's Traders from failed challenges. They do not fund any one with real money. They operate like a casino.
SHAME on you FTMO!!

Can we stop clogging the thread with irrelevant arguments now please?

If you want others to admit too, I'm sure they will if it will allow you rest.

Two Traders have just complained about important metrix related issues and those relevant posts just get swept under all these useless speculations.
  • #6,935
  • Apr 13, 2021 7:44am Apr 13, 2021 7:44am
Quoting Koop
{quote} FTMO needs to prove that they themselves are Traders and are profitable Traders? Paul, I agree. FTMO pays it's Traders from failed challenges. They do not fund any one with real money. They operate like a casino. SHAME on you FTMO!! Can we stop clogging the thread with irrelevant arguments now please? If you want others to admit too, I'm sure they will if it will allow you rest. Two Traders have just complained about important metrix related issues and those relevant posts just get swept under all these useless speculations.
Above, quite good advice has already been given, if EVERYONE in this thread ignores PAUL's messages and does not reply to them for at least a few days, or better forever, he will go away on its own.
sorry for my English, using google translator.
  • #6,936
  • Apr 13, 2021 7:54am Apr 13, 2021 7:54am
Quoting Koop
{quote} FTMO needs to prove that they themselves are Traders and are profitable Traders? Paul, I agree. FTMO pays it's Traders from failed challenges. They do not fund any one with real money. They operate like a casino. SHAME on you FTMO!! Can we stop clogging the thread with irrelevant arguments now please? If you want others to admit too, I'm sure they will if it will allow you rest. Two Traders have just complained about important metrix related issues and those relevant posts just get swept under all these useless speculations.
Yes! From my point of view, when you say you are traders and that you are after "serious" traders that pass your challenge, it would be good if you prove that after 5 years you have found those traders and make that money. Otherwise, go to casino regulatory bodies and open a casino. They will verify you have funds and an adequate structure to sustain what you offer.

It 's also important to prove that you have the funds to "fund" anyone who passes your verification based on your rules. If not, you have to provide information about how many traders you can fund. What is your real funding capacity. Otherwise, you are commiting fraud.
Always ready to help
  • #6,937
  • Apr 13, 2021 7:57am Apr 13, 2021 7:57am
Quoting profitfarmer
{quote} ever consider the possibility that the main objective isnt to " reveal more successful traders"? if not that, then what? IT IS A GAME! you sign up, and if you play good, respecting the rules, you may get rewarded. BUT YOU DONT TRADE LIVE as is a trader. probably best describe like a real life soldier vs an Xbox gamer. both have skills, some in useful in both line of "work", but one is real bullets flying, the other is a one button reset. discplaimer: I like Xbox. nothing against it. but playng a sniper in a game 1 evening a week, doesnt...
I and all other dont really care whether it is Funding firm or Simulator Game as you mention...unless I get paid real money from my trading. No-one cares what is behind it. We all know that.
always draw trendlines
  • #6,938
  • Apr 13, 2021 8:21am Apr 13, 2021 8:21am
Quoting Rmg
{quote} You are doing a great job Paul, keep this thing going 24/7 more traffic.. More sign ups... FTMO stays longer.
Thanks

Always available, you know..

And don't hesitate to ask whatever you need to know. You know I'm always kind and focused on the subject and eager to share my knowledge.

I see you had issues with emotional discipline: https://www.forexfactory.com/thread/...nal-discipline

My approach to that is automation, feel free to ask, maybe there some automation that can help you in FTMO attepmts.
Always ready to help
  • #6,939
  • Apr 13, 2021 8:53am Apr 13, 2021 8:53am
Quoting Rmg
wasted my sarcasm, lol.
Not impressed so far.
Always ready to help
  • #6,940
  • Apr 13, 2021 9:12am Apr 13, 2021 9:12am
Quoting Rmg
wasted my sarcasm, lol.
I loved it, don't worry.
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