FTMO - For serious traders | Page 354 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

$1,000,000.00 and Beyond ft. FTMO 29 replies

AkaMRP FTMO Journey 45 replies

FTMO Challenge.... How to beat....? 28 replies

FTMO Challenge; Could Survived? 41 replies

FTMO Challenge & Max Drawdown Issue 5 replies

Attachments: FTMO - For serious traders
Exit Attachments

FTMO - For serious traders

  • #7,061
  • Apr 14, 2021 10:05am Apr 14, 2021 10:05am
Quoting ryuryu
{quote} But if you can earn >10%/mo WHY you need prop firm? Why you want to pay 30% back? Why you can't go to the bank and get money for 1%-5%/year or just get investors? What is the purpose to pay them 30%? There is a logic issue again. You said that good trader is good in math and then occasionally that trader can't calculate the difference between 30% fee and 5% fee. Trading is surrounded by that kind of logic "things". Traders share their successful strategies on forums, EA's with infinite profits on sale for 30$, great traders sell courses...
Because as an independent trader I do not have $25000 to spare for trading.
So I see an opportunity to spend only $650 and earn a $100k trading balance at a 70/30 profit split and you're asking me why I would take it? Lmao wtf is going on.

You keep mentioning 10% like it's something I will have to do every month. It is not, if I can't do it every month, then a prop firm is an even better option because the profits from my good months would make up for the slow months.

Also, why would I want to give away 30%? Because they gave me more!! Aren't you thinking properly?

Take your $650 challenge fee and deposit it with a broker, you earn 5% a month and you keep 100%. You monthly profit is $32.5.

Buy a 100k challenge with the same $650, pass it and manage to earn 5% on your first month - $5000
Your 70% split is $3500 for one month.
How on earth is this even an argument which one is the better option?

Lol what are we doing here? $32 vs $3500?
  • #7,062
  • Apr 14, 2021 10:05am Apr 14, 2021 10:05am
Quoting mixedbags
{quote} Just for fun, we both open the FTMO demo account and set the target at 10K, DD loss at 5K. If I lost I get lost in FF. If you lose you get lost.
If you have read my posts, you would already know that I don't find that objective easily doable. I can't do it!

You don't have to open a demo account to show you are able to do that. Don't bother. It's simpler. Just open a trade explorer here where we can show your real accounts profitability levels. 10%, 1 month out of 3 with two consecutive months with 5%. Don't need to see that for more than 2 years. 2 years is enough. Then, you win. I leave!

Don't let go this opportunity to contribute to those FTMO fans that don't want to solve my doubts.
Always ready to help
  • #7,063
  • Apr 14, 2021 10:05am Apr 14, 2021 10:05am
Quoting Takisd
I see a lot of you enjoy stabbing yourselves in the penis by replying to Paul. Suckers for punishment, not really a good trait in trading hahahaha.
Paul is beginning to come across like an automated chat bot, on repeat, when it doesn’t understand the message that is being conveyed. Paul, I initially thought your intentions meant well, but I’m beginning to change my mind.

You keep talking about leverage. For one thing, it is a demo account so it doesn’t matter because they have not provided you with 1:100 leverage, contrary to local regulations. Now even if they are using 1:100 leverage in Europe (assuming they are copying our trades), that’s actually legal for professional accounts. Look it up. If they can satisfy certain criteria, larger leverage accounts are still available. Does that satisfy something on your checklist?

Also, why are you clogging up the thread if you have no intentions of taking the challenge? If I remember correctly, weren’t you talking about some sort of a Martingale strategy to pass the challenge a few weeks ago?

To everyone else, as irritating as most of his posts are, let’s address him by his proper name which is Paul. Just a request out of human courtesy. Or just put on ignore.
  • #7,064
  • Apr 14, 2021 10:13am Apr 14, 2021 10:13am
Quoting Expo33
{quote} The ONLY concern is getting paid. PERIOD! I could care less how FTMO's model works or how they pay their funded traders. The obsession with "they're not looking for good traders".....WHO CARES! It's what I'm looking for. 100K of someone else's money to trade. And now I have that and have been paid my first month with my fee refund. Now I get to make more money with ZERO risk to me and no pressure whatsoever. Could it be that you're JP junior? Someone who spent money they couldn't afford to lose on an FTMO challenge and then failed miserably...
Too much!

Prejudice! And never solve any doubt.

Do you really need to know all that about me? Really? By the way, I would never ask anything about you that wasn't related to trading.

As I said, this seems like you are trying to deviate attention from the FTMO's transperency concerns.

If you did take the time to read some of my previous posts, you'll know that these are my primary concerns about the matter being discussed in this trading thread. Can you solve any? Thanks:

- They offer a leverage of 1:100 when that's not allowed in their jurisdiction. They have never proved that they have a 1:100 leverage account on some broker out of their jurisdiction where they trade their capital based on their "traders" signals.
- From where they get super-raw spreads.
- They anounced partnerships with liquidity providers when they aren't a broker and don't need liquidity. It seems like they had to remove from their website the LMAX thing.
- They say that they trade based on traders signals with real accounts when they have never shown any proof of that.
- They set objectives and rules that are far from what anyone has ever proved to reach in this industry.
Always ready to help
  • #7,065
  • Apr 14, 2021 10:16am Apr 14, 2021 10:16am
Quoting PaulMF
{quote} Too much! Prejudice! And never solve any doubt. Do you really need to know all that about me? Really? By the way, I would never ask anything about you that wasn't related to trading. As I said, this seems like you are trying to deviate attention from the FTMO's transperency concerns. If you did take the time to read some of my previous posts, you'll know that these are my primary concerns about the matter being discussed in this trading thread. Can you solve any? Thanks: - They offer a leverage of 1:100 when that's not allowed in their jurisdiction....
I quoted Takisd in error. Read my post above, hopefully your leverage query has been addressed.
  • #7,066
  • Apr 14, 2021 10:17am Apr 14, 2021 10:17am
Quoting ia1979
{quote} Paul is beginning to come across like an automated chat bot, on repeat, when it doesn’t understand the message that is being conveyed. Paul, I initially thought your intentions meant well, but I’m beginning to change my mind. You keep talking about leverage. For one thing, it is a demo account so it doesn’t matter because they have not provided you with 1:100 leverage, contrary to local regulations. Now even if they are using 1:100 leverage in Europe (assuming they are copying our trades), that’s actually legal for professional accounts....
A voice of reason!

However, I don't know man, Paula kind of fits perfectly.
All this bickering and It has not even reached its final form - Pauline.


Edit - good point on the pro client account leverage thing. I totally forgot about that.
It's not like it's even any of our business what they do with their accounts outside if our signed contracts
  • #7,067
  • Apr 14, 2021 10:18am Apr 14, 2021 10:18am
Quoting PaulMF
{quote} Too much! Prejudice! And never solve any doubt. Do you really need to know all that about me? Really? By the way, I would never ask anything about you that wasn't related to trading. As I said, this seems like you are trying to deviate attention from the FTMO's transperency concerns. If you did take the time to read some of my previous posts, you'll know that these are my primary concerns about the matter being discussed in this trading thread. Can you solve any? Thanks: - They offer a leverage of 1:100 when that's not allowed in their jurisdiction....
But if those of us using FTMO don't care, I do not understand why someone who has no intention of ever using them is so obsessed with this. Do you literally have nothing else to do? I do not need more regulation, regulation is why if I want to risk $600 on 2 lots of GBPUSD with a 30 pip stop with a "regulated" US broker, I have to put up 10K!!!!! Regulations hinder the trader, they do not help.
  • #7,068
  • Apr 14, 2021 10:19am Apr 14, 2021 10:19am
Quoting Koop
{quote} A voice of reason! However, I don't know man, Paula kind of fits perfectly. All this bickering and It has not even reached its final form - Pauline. Edit - good point on the pro client account leverage thing. I totally forgot about that. It's not like it's even any of our business what they do with their accounts outside if our signed contracts
Very kind of you FTMO relative.
on a postive roll...
  • #7,069
  • Apr 14, 2021 10:34am Apr 14, 2021 10:34am
Quoting ia1979
{quote} Paul is beginning to come across like an automated chat bot, on repeat, when it doesn’t understand the message that is being conveyed. Paul, I initially thought your intentions meant well, but I’m beginning to change my mind. You keep talking about leverage. For one thing, it is a demo account so it doesn’t matter because they have not provided you with 1:100 leverage, contrary to local regulations. Now even if they are using 1:100 leverage in Europe (assuming they are copying our trades), that’s actually legal for professional accounts....
Thanks. That was a good answer and try to solve some issues. I really appreciate your effort and contribution.

Don't change your mind please. I can always explain better the reptition thing coming from my side.

Quote
You keep talking about leverage. For one thing, it is a demo account so it doesn’t matter because they have not provided you with 1:100 leverage, contrary to local regulations.

They anounced that in their website and that they trade with their real accounts copying traders signals. So, that's the issue. I would like to know how they can offer that. If there is any fraud in this leverage thing.

Quote
ow even if they are using 1:100 leverage in Europe (assuming they are copying our trades), that’s actually legal for professional accounts. Look it up. If they can satisfy certain criteria, larger leverage accounts are still available. Does that satisfy something on your checklist?

The thing here is about transparency. Till now, they haven't said they are professionals. They inform about not being regulated in any way at the end of the page. So, unless we have more information, that greater level of leverage is not possible from their side.

I find you answer very useful for this part of our concerns because if they finally are professional and explain in which way etc, that could be the answer to that level of leverage. Thanks. Really!

Quote
Also, why are you clogging up the thread if you have no intentions of taking the challenge? If I remember correctly, weren’t you talking about some sort of a Martingale strategy to pass the challenge a few weeks ago?
I don't agree here. I'm not clogging. I think it is the opposite. Some are trying to clog this thread to avoid those concerns to be treated.

Yes, that's a possible solution I find to reach, by chance, those levels of profitability in just one month. In fact, if you have been reading this thread in the last posts, you'll know that some myfxbook account was shared. There appears a system that win 10% in a day when the average trade win was 0.3%. I think passing this challenge is more suitable with that type of strategy where you can suddenly enter in a martingale sequence that will make you pass the challenge. Having to make 10% in a month by risking 1% per trade it is by far more complex.

Quote
To everyone else, as irritating as most of his posts are, let’s address him by his proper name which is Paul. Just a request out of human courtesy. Or just put on ignore.

I appreciate that in some way. Because, I find more irritating to be insulted than having to read something you don't agree with. Instead no one comes here and say: hey these insults are irritating! Instead: hey this guy is irritating! (When this guy never insults anyone)
Always ready to help
  • #7,070
  • Apr 14, 2021 10:40am Apr 14, 2021 10:40am
Quoting pipmaster77
{quote} But if those of us using FTMO don't care, I do not understand why someone who has no intention of ever using them is so obsessed with this. Do you literally have nothing else to do? I do not need more regulation, regulation is why if I want to risk $600 on 2 lots of GBPUSD with a 30 pip stop with a "regulated" US broker, I have to put up 10K!!!!! Regulations hinder the trader, they do not help.
And I don't address those of you who don't care. Just those who care.

Don't take it personally.

Do you really want to know such amount of information about me?
Always ready to help
  • #7,071
  • Apr 14, 2021 10:42am Apr 14, 2021 10:42am
Quoting PaulMF
{quote} And I don't address those of you who don't care. Just those who care. Don't take it personally.
Funny thing is, there is no one who cares posting here other than you. They all must be silent lurkers.
  • #7,072
  • Apr 14, 2021 10:46am Apr 14, 2021 10:46am
Quoting PaulMF
{quote} If you have read my posts, you would already know that I don't find that objective easily doable. I can't do it! You don't have to open a demo account to show you are able to do that. Don't bother. It's simpler. Just open a trade explorer here where we can show your real accounts profitability levels. 10%, 1 month out of 3 with two consecutive months with 5%. Don't need to see that for more than 2 years. 2 years is enough. Then, you win. I leave! Don't let go this opportunity to contribute to those FTMO fans that don't want to solve my doubts....
This will be my last response to you. Good that you acknowledge you can't achieve the objective and wise enough to stay away. But many are not as wise as you. So
please don't rock the boat because my funded account depend on these people. Until all these people become as wise as you, I should have taken a large share of the cake.

No, why should I show you my live account.

Just take up the challenge from there you might see how I trade.
  • #7,073
  • Apr 14, 2021 10:46am Apr 14, 2021 10:46am
Quoting PaulMF
{quote} Thanks. That was a good answer and try to solve some issues. I really appreciate your effort and contribution. Don't change your mind please. I can always explain better the reptition thing coming from my side. {quote} They anounced that in their website and that they trade with their real accounts copying traders signals. So, that's the issue. I would like to know how they can offer that. If there is any fraud in this leverage thing. {quote} The thing here is about transparency. Till now, they haven't said they are professionals. They inform...
In Europe it is possible to open up a professional account with high leverage as long as you can satisfy a few conditions. One of them is you have to have a certain amount in assets. And the other one is you have to have a certain amount of experience. If someone can satisfy those conditions, they will be offered a professional account. And they do not have to be regulated by anyone. For instance, if I opened up a professional account for me, I would remain unregulated because the account is mine. That’s what their model is. The main account will be under their own name. Where they may or may not choose to copy trades from other people. Because they are executing these trades themselves as a company, no regulation is required. That’s my understanding of the situation anyway.
  • #7,074
  • Apr 14, 2021 10:47am Apr 14, 2021 10:47am
Quoting pipmaster77
{quote} Funny thing is, there is no one who cares posting here other than you. They all must be silent lurkers.
I may ask why you care posting here but I don't. Just not interested in your things. This thread is not about you.

Too many posts from your side without saying a word about the real trading discussion.
Always ready to help
  • #7,075
  • Apr 14, 2021 10:52am Apr 14, 2021 10:52am
Attached Image (click to enlarge)
Click to Enlarge Name: 827d3fd8f40ef6503e59fc4a97b6eada.png Size: 28 KB

Now I can read this thread and get info from FTMO in peace
  • #7,076
  • Apr 14, 2021 10:53am Apr 14, 2021 10:53am
Paul MF

Listen. Simple Maths. It's impossible to fail stage 1 of FTMO Challenge. Re-read that sentence. I won't spell it out to insult your intelligence but it's impossible not to pass stage 1. Chances of passing stage 1 without losing a single penny is 99%.

Verification is 5% in two months. Or 2.5% per month. Or 0.125% per trading day (approx). As long as you don't violate the 5% daily drawdown and 10% equity loss it's the easiest part.

Likewise with FT and other prop firms.

Anyway I'm a couple weeks left until my split. You guys keeps badgering on
  • #7,077
  • Apr 14, 2021 10:55am Apr 14, 2021 10:55am
Quoting ia1979
{quote} In Europe it is possible to open up a professional account with high leverage as long as you can satisfy a few conditions. One of them is you have to have a certain amount in assets. And the other one is you have to have a certain amount of experience. If someone can satisfy those conditions, they will be offered a professional account. And they do not have to be regulated by anyone. For instance, if I opened up a professional account for me, I would remain unregulated because the account is mine. That’s what their model is. The main account...
Anyway, never seen 1:100 leverage for professionals. More than 1:30, yes, but not 1:100. And you have to provide work experience in the finance sector, etc.

Some transparency will help to solve this issue.

Thanks! First post that try to defend FTMO from some of the concerns some of us have about transparency without inflammatory comments. It's not that difficult.
Always ready to help
  • #7,078
  • Apr 14, 2021 11:00am Apr 14, 2021 11:00am
Quoting PaulMF
{quote} Till now, they haven't said they are professionals. They inform about not being regulated in any way at the end of the page. So, unless we have more information, that greater level of leverage is not possible from their side.
Attached Image (click to enlarge)
Click to Enlarge Name: Leverage.jpg Size: 99 KB
  • #7,079
  • Apr 14, 2021 11:29am Apr 14, 2021 11:29am
Quoting tradista
{image} Now I can read this thread and get info from FTMO in peace
welcome to the club. Coffee and donuts are available at the back
  • #7,080
  • Apr 14, 2021 11:39am Apr 14, 2021 11:39am
Quoting GU-Night
{quote} {image}
Well done!

There they say they have been considered from some broker as professionals. Meaning their broker responds to EU authorities.

Now, we need to know if that broker provides 1:100 leverage.
Always ready to help
4 traders viewing now