FTMO - For serious traders | Page 357 | 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

  • #7,121
  • Apr 15, 2021 6:46am Apr 15, 2021 6:46am
Quoting LoveScalping
{quote} No one will ever tell you how the internal kitchen works in the company, what and how it happens, it is completely THEIR RIGHT not to disclose all the details. In my humble opinion, copying ALL trades 100% would be suicide for any prop firm. I assume this is the case: - The first 1-2 months of the transaction are not copied anywhere - Next, a decision is made how well the trader manages the risks Guys, stop already counting other people's money, start building your own capital, damn it. FTMO allows you to do this if you have a predisposition...
Read this carefully:

After the client becomes the FTMO Trader, he/she will be provided with the demo account with virtual funds. The FTMO Account is connected to our Proprietary Trading Firm’s live trading account with real capital. That is where we generate real profits. Clients are entitled to 70% of profits generated on the FTMO Account. This solution is administratively much easier and gives us more freedom to actively manage risk.

they say they copy all trades, otherwise based on what they say if they didnt they wouldnt be able to pay you 70% of profits from their account if they didnt make any profits.
  • #7,122
  • Apr 15, 2021 6:49am Apr 15, 2021 6:49am
Quoting LoveScalping
{quote} No one will ever tell you how the internal kitchen works in the company, what and how it happens, it is completely THEIR RIGHT not to disclose all the details. In my humble opinion, copying ALL trades 100% would be suicide for any prop firm. I assume this is the case: - The first 1-2 months of the transaction are not copied anywhere - Next, a decision is made how well the trader manages the risks Guys, stop already counting other people's money, start building your own capital, damn it. FTMO allows you to do this if you have a predisposition...
That's not true! You have to provide transparency in finacial matters. Welcome to Europe!
Always ready to help
  • #7,123
  • Apr 15, 2021 6:50am Apr 15, 2021 6:50am
Quoting Rayder4Life
{quote} then why does FTMO say that they copy your funded account trades to their own account ? thats a pure blatant lie, they dont say they might think if they will hedge or not depending on how much you suck at trading, they say they are 100% copying your trades on a live account that the company owns.
Do you have any verifiable proof of the bolded? Can you in fact prove that they don't copy trades from ANY Traders?
Also, it is not stated anywhere that they "100%" copy every trade, so you're also tweaking the truth there.

In as much as Funding Talent has been forced by the court to expose their means of income and Funding Traders, Jessica and her cohorts were terribly wrong to try to drag every competitor down with them. It's not about honesty, it a dubious move.
Presenting themselves as a beacon of honesty only after they were dragged to court?

Keep waiting for all the so called prop firms to come out and confess.

This is getting tiring and it's the last I'll be wasting my time on this issue.
  • #7,124
  • Apr 15, 2021 6:50am Apr 15, 2021 6:50am
Quoting mcquak
{quote} Exactly. No problem to name the business in right and correct words. I can see only 2 drawbacks for FTMO They would must stop selling a dream to people who wanna to be called "traders" and rather start selling lottery tickets and call them gamblers Deloitte won't bother evaluating sort of online casino So it's FTMO call now, either to be honest and name the things with right words so that they are actually gambling company, or support their claims about prop trading business. Anyway, I'm quite surprised ho many people here do not care about...
This is a poem. I agree!
Always ready to help
  • #7,125
  • Apr 15, 2021 6:51am Apr 15, 2021 6:51am
Quoting Koop
{quote} Lol all these members putting you on ignore and you still say "We" ?
So, I can say now we?
Always ready to help
  • #7,126
  • Apr 15, 2021 6:54am Apr 15, 2021 6:54am
Quoting Rayder4Life
{quote} Read this carefully: . Clients are entitled to 70% of profits generated on the FTMO Account.
Comprehend better Rayder, the FTMO account refers to the particular account you're trading.
Do you think they would open a new 100k live account with their brokers every time someone passes a 100k challenge?

You are paid off the profits you generate in your own FTMO account.

Quoting PaulMF
{quote} So, I can say now we?
Lol Rayder has joined the dark side all of a sudden. How much did you pay him Paula?
  • #7,127
  • Apr 15, 2021 6:57am Apr 15, 2021 6:57am
Quoting mcquak
{quote} Exactly. No problem to name the business in right and correct words. I can see only 2 drawbacks for FTMO They would must stop selling a dream to people who wanna to be called "traders" and rather start selling lottery tickets and call them gamblers Deloitte won't bother evaluating sort of online casino So it's FTMO call now, either to be honest and name the things with right words so that they are actually gambling company, or support their claims about prop trading business. Anyway, I'm quite surprised ho many people here do not care about...

in my bussiness when making cooperations i do not ask statements and documents to buy from companies or sell to customers.

am i happy with my payouts and the whole thing we both have?

thats fine.

ofc i m ok as loNG as ftmo pay.

what are we in here? charity or something?
offering my system to copy trade. check my link
  • #7,128
  • Apr 15, 2021 6:57am Apr 15, 2021 6:57am
Quoting Koop
{quote} Comprehend better Rayder, the FTMO account refers to the particular account you're trading. Do you think they would open a new 100k live account with their brokers every time someone passes a 100k challenge? You are paid off the profits you generate in your own FTMO account. {quote} Lol Rayder has joined the dark side all of a sudden. How much did you pay him Paula?
so since theyre paying what you generate in your demo account, youre not making those profits from their main live account ?
  • #7,129
  • Apr 15, 2021 7:00am Apr 15, 2021 7:00am
Quoting Rayder4Life
{quote} Read this carefully: After the client becomes the FTMO Trader, he/she will be provided with the demo account with virtual funds. The FTMO Account is connected to our Proprietary Trading Firm’s live trading account with real capital. That is where we generate real profits. Clients are entitled to 70% of profits generated on the FTMO Account. This solution is administratively much easier and gives us more freedom to actively manage risk. they say they copy all trades, otherwise based on what they say if they didnt they wouldnt be able to pay...
God, you're turning into Paul, he infected you? confess ?!


Just imagine yourself in the shoes of a prop firm manager for a moment, how would you manage the risks?
1. How they manage risk is entirely up to them, do you want complete transparency? apparently you are not on the way with FTMO
2. If it was a financial pyramid according to the Ponzi scheme or some other scheme, everything would have been revealed long ago, find me at least 1 mention on the network where the FTMO trader was not paid at the end of the month?
Take for example a job in real life, you are paid $ 2000 per month for your services, but you do not know where the company gets this money from, what will you do?
In this world, no one should disclose anything to anyone inside information if they have the right to do so, understand at last.
sorry for my English, using google translator.
  • #7,130
  • Apr 15, 2021 7:00am Apr 15, 2021 7:00am
Quoting Koop
{quote} Do you have any verifiable proof of the bolded? Can you in fact prove that they don't copy trades from ANY Traders? Also, it is not stated anywhere that they "100%" copy every trade, so you're also tweaking the truth there. In as much as Funding Talent has been forced by the court to expose their means of income and Funding Traders, Jessica and her cohorts were terribly wrong to try to drag every competitor down with them. It's not about honesty, it a dubious move. Presenting themselves as a beacon of honesty only after they were dragged...
He's also the chap who suggested taking a 100k loan from a bank, is better then paying a one time fee of $650 to trade. Anything he says after that should be wholly disregarded.

Jessica's mea culpa and subsequent grenade pull did her reputation no favors. The court decided in her favor, then she decides to fall on her sword. Not the smartest business decision and obviously never sought legal advice for doing so.
Trade with confidence, trade without fear.
  • #7,131
  • Apr 15, 2021 7:03am Apr 15, 2021 7:03am
Quoting Koop
{quote} Comprehend better Rayder, the FTMO account refers to the particular account you're trading. Do you think they would open a new 100k live account with their brokers every time someone passes a 100k challenge? You are paid off the profits you generate in your own FTMO account. {quote} Lol Rayder has joined the dark side all of a sudden. How much did you pay him Paula?
In the dark side are those that accept lies.
Always ready to help
  • #7,132
  • Apr 15, 2021 7:05am Apr 15, 2021 7:05am
Quoting Rayder4Life
{quote} so since theyre paying what you generate in your demo account, youre not making those profits from their main live account ?
YOU ARE NOT TRADING THEIR LIVE ACCOUNT!!!!

Why would they pay you from the live account? This is getting very confusing.
  • #7,133
  • Apr 15, 2021 7:06am Apr 15, 2021 7:06am
Quoting Cryptosurf
{quote} He's also the chap who suggested taking a 100k loan from a bank, is better then paying a one time fee of $650 to trade. Anything he says after that should be wholly disregarded. Jessica's mea culpa and subsequent grenade pull did her reputation no favors. The court decided in her favor, then she decides to fall on her sword. Not the smartest business decision and obviously never sought legal advice for doing so.
You always argue with false accusations. Can you show us a post where Rayder4life suggests that?
Always ready to help
  • #7,134
  • Apr 15, 2021 7:06am Apr 15, 2021 7:06am
Quoting LoveScalping
{quote} God, you're turning into Paul, he infected you? confess ?! Just imagine yourself in the shoes of a prop firm manager for a moment, how would you manage the risks? 1. How they manage risk is entirely up to them, do you want complete transparency? apparently you are not on the way with FTMO 2. If it was a financial pyramid according to the Ponzi scheme or some other scheme, everything would have been revealed long ago, find me at least 1 mention on the network where the FTMO trader was not paid at the end of the month? Take for example a job...
dude youre delusional lol, why do you call a company a prop firm, if youre not trading their capital ?? do you know what a prop firm is ? 2 when a company relies on people to enroll into their scheme to be able to pay the people who were there first or who are profitable, its the definition of a ponzi scheme, if FTMO is not that, why doesnt it limit itself to 100 traders ? why keep gettin in new traders every month non stop? because if it stops the whole bussiness collapses.
  • #7,135
  • Apr 15, 2021 7:11am Apr 15, 2021 7:11am
Quoting Rayder4Life
{quote} dude youre delusional lol, why do you call a company a prop firm, if youre not trading their capital ?? do you know what a prop firm is ? 2 when a company relies on people to enroll into their scheme to be able to pay the people who were there first or who are profitable, its the definition of a ponzi scheme, if FTMO is not that, why doesnt it limit itself to 100 traders ? why keep gettin in new traders every month non stop? because if it stops the whole bussiness collapses.
I’ll probably leave this topic for a while, it’s becoming unbearable here ... Paul was dreaming, now the tone has bitten you and you, too, begin to carry the delirium of the insane, I don’t want to get infected from you either.
sorry for my English, using google translator.
  • #7,136
  • Apr 15, 2021 7:24am Apr 15, 2021 7:24am
Quoting Rayder4Life
{quote} dude youre delusional lol, why do you call a company a prop firm, if youre not trading their capital ?? do you know what a prop firm is ? 2 when a company relies on people to enroll into their scheme to be able to pay the people who were there first or who are profitable, its the definition of a ponzi scheme, if FTMO is not that, why doesnt it limit itself to 100 traders ? why keep gettin in new traders every month non stop? because if it stops the whole bussiness collapses.

If fees from new Traders could serve as a second stream of income then why exactly would any wise business choose to limit it to 100 people? Lol

All speculation. There is no proof that FTMO copies trades and there's also no proof that they don't.

It's left to you as a person to decide what influences your decision to either work with them or not. Personally I don't care what happens outside the details of the contract agreement signed. I trade on your demo, you pay me at the end of the month.

Edit - Tomas, I see you're online. Do you mind addressing the funding talent debacle if you're aware of it? Just to get your thoughts on the issue.
  • #7,137
  • Apr 15, 2021 7:26am Apr 15, 2021 7:26am
Tomas-ftmo is viewing.

Could you bring some light and solve all of our concerns?

Do you lie on your website? Can you prove you don't? Are you going to prove it?

Thanks
Always ready to help
  • #7,138
  • Apr 15, 2021 7:33am Apr 15, 2021 7:33am
Quoting Rayder4Life
{quote} then why does FTMO say that they copy your funded account trades to their own account ? thats a pure blatant lie, they dont say they might think if they will hedge or not depending on how much you suck at trading, they say they are 100% copying your trades on a live account that the company owns.

I think it is not of your business what FTMO does with your trades.
  • #7,139
  • Apr 15, 2021 7:47am Apr 15, 2021 7:47am
Quoting Piparins
{quote} I think it is not of your business what FTMO does with your trades.
Even if FTMO submitted to proctology exam, it still wouldn’t satisfy certain detractors with their agenda.
Trade with confidence, trade without fear.
  • #7,140
  • Apr 15, 2021 9:43am Apr 15, 2021 9:43am
At the very least, they hedge their biggest accounts accordingly.

They have to, or they would not have survived this far by paying out everyone, even the occasional gambler that, at the wrong moment for FTMO, gets lucky enough for a third month and makes a killing before disappearing. Probability is that that already happened, and FTMO is still alive and payout has been processed or we would have heard about it probably. Probability is that that will continue to happen, and problem is they cannot manage WHEN that will happen.

Any deeper argument about what they really are or are not doing cannot be taken any more seriously because the info is just not available...

Just the proof, no matter the form of it, that they do not make more money when a funded trader loses money, for me, would be enough to recommend them.

The simple fact that they pay out, would not be enough for me. But I respect all you who just care if they payout...

Cheers all, ALL, and happy trading !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
8 traders viewing now