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FTMO - For serious traders

  • #7,381
  • Apr 20, 2021 3:14pm Apr 20, 2021 3:14pm
Quoting Koop
{quote} Obviously the guy is a bit inexperienced, making comments like "I knew price would go here" so he doesn't need stop losses. He definitely doesn't respect his mental stops either. Sooner or later he will blow the account, but as you rightly said, about 20k+ profit split for the month can buy him over 20 more challenges until he gets lucky again. Still a Win-win until he learns his lessons.
Inexperienced? Are you kidding?

I thought that we all have clear that only serious traders are part of FTMO
Always ready to help
  • #7,382
  • Apr 20, 2021 3:15pm Apr 20, 2021 3:15pm
Quoting Koop
{quote} He already did.
He didn't...
Always ready to help
  • #7,383
  • Apr 20, 2021 4:19pm Apr 20, 2021 4:19pm
Quoting PaulMF
{quote} Inexperienced? Are you kidding? I thought that we all have clear that only serious traders are part of FTMO
Don't quote me if you have nothing tangible or reasonable to add to the conversation Paula, your motto is "always ready to help".

Btw, isn't it a good thing that even the inexperienced and lucky have a chance to earn good money too?
  • #7,384
  • Apr 20, 2021 4:34pm Apr 20, 2021 4:34pm
Quoting Koop
{quote} Don't quote me if you have nothing tangible or reasonable to add to the conversation Paula, your motto is "always ready to help". Btw, isn't it a good thing that even the inexperienced and lucky have a chance to earn good money too?
I get your point. Serious traders and FTMO is not something tangible and reasonable.
Always ready to help
  • #7,385
  • Apr 20, 2021 5:02pm Apr 20, 2021 5:02pm
man, I would love for a video to show like 8 months of consistency of like 4-5k a month liveable wage. Not some asshat who gets lucky cos of volatile markets. Volatile markets have certainly treated me good, and I am an asshat, but no one is making a video about me.
  • #7,386
  • Apr 21, 2021 1:19am Apr 21, 2021 1:19am
Quoting Takisd
man, I would love for a video to show like 8 months of consistency of like 4-5k a month liveable wage. Not some asshat who gets lucky cos of volatile markets. Volatile markets have certainly treated me good, and I am an asshat, but no one is making a video about me.
FTMO is in the market for around 5 years ,if they had a trader who has been around for a full year with them they would have said something, but i doubt thats the case, most pass the challenge, stay with them for 1-2-3 months and thats it..
  • #7,387
  • Apr 21, 2021 1:21am Apr 21, 2021 1:21am
Quoting Rayder4Life
{quote} FTMO is in the market for around 5 years ,if they had a trader who has been around for a full year with them they would have said something, but i doubt thats the case, most pass the challenge, stay with them for 1-2-3 months and thats it..

Where do you get your information from? Who is your source?
  • #7,388
  • Apr 21, 2021 1:35am Apr 21, 2021 1:35am
Quoting Rayder4Life
{quote} FTMO is in the market for around 5 years ,if they had a trader who has been around for a full year with them they would have said something, but i doubt thats the case, most pass the challenge, stay with them for 1-2-3 months and thats it..
Paul leave Rayder's account alone you hacker!!

What about the myfxbook account I posted? That's at least between 8months and a year.

Or this EA trader who has been with then for over a year?

Inserted Video
  • #7,389
  • Apr 21, 2021 2:36am Apr 21, 2021 2:36am
Quoting Koop
{quote} Paul leave Rayder's account alone you hacker!! What about the myfxbook account I posted? That's at least between 8months and a year. Or this EA trader who has been with then for over a year? https://youtu.be/VT3NQsnxWJk
i didnt see this video, well theres 1 trader out of 10k, must be something lol
  • #7,390
  • Apr 21, 2021 3:01am Apr 21, 2021 3:01am
Quoting Rayder4Life
{quote} i didnt see this video, well theres 1 trader out of 10k, must be something lol
Lol that's 2. At least we have gone from "no trader" to "2 Traders".
Growth.

Also, I believe the trader should be blamed if they can't last up to 6 months.
AkaMRP had his FTMO account for 3/4 months before he got his first profit split. Which simply means the key to longevity is more about managing risk than making crazy profits. Imagine staying in drawdown for that long but having the discipline not to breach the risk limits.
https://www.forexfactory.com/thread/...2#post13418532

Like Takisd said, it's better to see small gains with good consistency. That's the best way to last longer.
It's not FTMO's fault if a trader wants to make 50k and buy a new house with the first profit split lol

While I wait for other things to fall into place, my goal is to pass 3 trials without letting my DD ever go above 30% of the allowed limit.
Reaching profit target/ making 5-10% monthly is secondary.
  • #7,391
  • Apr 21, 2021 3:12am Apr 21, 2021 3:12am
its funny that the 1 year guy didnt really trader for 1 year, he passed 5 challenges in 1 year probably traded funded for less than that, and he doesnt even trade he bought someones EA and uses that to make money.. but whatever works for him
  • #7,392
  • Apr 21, 2021 3:47am Apr 21, 2021 3:47am
All the opinions about FTMO traders that I have read here lead me to think: no way we are talking about serious traders. As I already said too many times, the challenge and verification rules are not designed for serious traders that may look for a "founded account".
Always ready to help
  • #7,393
  • Apr 21, 2021 4:20am Apr 21, 2021 4:20am
Quoting Rayder4Life
its funny that the 1 year guy didnt really trader for 1 year, he passed 5 challenges in 1 year probably traded funded for less than that, and he doesnt even trade he bought someones EA and uses that to make money.. but whatever works for him
Lol always looking for negatives in the positive.
You guess he has lost all the funded accounts even though he didn't say that.
Does it matter if he trades manually or uses an EA? Haha

I could post about someone who trades manually for 1 year with consistent gains and you guys would find a way to complain about one thing or the other.

Enough about what other Traders can or can not do...
The question I ask MYSELF is can I (only I) manage my risk by never coming close to max DD limits while still making moderate gains? I think I can, so I'm going to try to prove to myself via the trials.
  • #7,394
  • Apr 21, 2021 4:50am Apr 21, 2021 4:50am
Quoting Koop
{quote} Lol always looking for negatives in the positive. You guess he has lost all the funded accounts even though he didn't say that. Does it matter if he trades manually or uses an EA? Haha I could post about someone who trades manually for 1 year with consistent gains and you guys would find a way to complain about one thing or the other. Enough about what other Traders can or can not do... The question I ask MYSELF is can I (only I) manage my risk by never coming close to max DD limits while still making moderate gains? I think I can, so I'm...

I think you are wasting your breath on losers and trolls...
  • #7,395
  • Apr 21, 2021 5:02am Apr 21, 2021 5:02am
Quoting PaulMF
All the opinions about FTMO traders that I have read here lead me to think: no way we are talking about serious traders. As I already said too many times, the challenge and verification rules are not designed for serious traders that may look for a "founded account".


i have been reading this forum for a while and have now made an account because i want to respond to this constant criticism of the challenge.

1. you can test the challenge endlessly for free. Any person who does not pass the challenge without passing the test challenges several times is completely self to blame.

2. i don't understand the argumentation that the challenge is not feasible. if a trader doesn't have a positive expectation value, then he is not a good trader, it's as simple as that. if you don't manage to make 10% or 5% profit without going 10 or 5% negative before, then you probably don't have a good trading system or a bad mindset. Rarely it will be due to a cluster of bad luck or losses, but then it's your job to find a strategy with a higher winrate and maybe a lower RR to fit into the criteria given by ftmo. How is that their fault? Where is the logic behind such an argument?! Furthermore, the 10% is completely interchangeable, you have to adjust your risk parameters combined with the hitrate and your RR to these rules. How can people like you, Paul, completely ignore this basic mathematics? And then again, you still can repeat the challenge as long you end the month in profit. if you can't manage to do that, why should you be able to work for ANY 'prop firm', and receive payment? Even real propfirms want you to pay for infrastructure and risk in the first months...
In my opinion you comprehend way less of this whole subject than you think. maybe google dunning kruger effect.. please bring a logical, mathematic argument why the challenge is not possible.

3. regarding the copy trading of ftmo.. in their terms & conditions they write clearly they CAN copy your trades, not they will copy ALL of your trades. just read the damn thing man and stop flaming, it's getting embarrassing and annoying and you're ruining this forum
--> The Services consist of the provision of tools for simulated foreign exchange trading on the FOREX market or trading with other instruments on other financial markets, provision of analytical tools, training and educational materials, and other ancillary services, in particular through the Client Section or by the provision of access to applications provided by the Provider or third parties. Financial market information is used in the simulated trading; however, you acknowledge that any trading that you perform through the Services is not real. You also acknowledge that the funds provided to you for demo trading are fictitious and that you have no right to possess those fictitious funds beyond the scope of their use within the Services, and in particular that they may not be used for any actual trading and that you are not entitled to the payment of those funds. Unless expressly agreed otherwise, you will not be paid any remuneration or profits based on the results of your simulated trading, nor will you be required to pay any losses.
  • #7,396
  • Apr 21, 2021 5:16am Apr 21, 2021 5:16am
Quoting Koop
{quote} Lol always looking for negatives in the positive. You guess he has lost all the funded accounts even though he didn't say that. Does it matter if he trades manually or uses an EA? Haha I could post about someone who trades manually for 1 year with consistent gains and you guys would find a way to complain about one thing or the other. Enough about what other Traders can or can not do... The question I ask MYSELF is can I (only I) manage my risk by never coming close to max DD limits while still making moderate gains? I think I can, so I'm...
i didnt say he lost any funded accounts, im just saying he trades with an EA he bought from a guy on the internet, and he admitted he has no idea how to trade himself, i dont care how he makes money its his bussiness but thats not a trader, hes someone who bought an EA from someone and it worked for him.
  • #7,397
  • Edited 8:45am Apr 21, 2021 5:18am | Edited 8:45am
Quoting Koop
{quote} Lol always looking for negatives in the positive. You guess he has lost all the funded accounts even though he didn't say that. Does it matter if he trades manually or uses an EA? Haha I could post about someone who trades manually for 1 year with consistent gains and you guys would find a way to complain about one thing or the other. Enough about what other Traders can or can not do... The question I ask MYSELF is can I (only I) manage my risk by never coming close to max DD limits while still making moderate gains? I think I can, so I'm...
That's the right mindset, not blind self confident.
Do I have a strategy? can I follow my rules?.
Practice and prove yourself while taking a piss at whiners!! lol!!
on a postive roll...
  • #7,398
  • Edited 9:31am Apr 21, 2021 5:23am | Edited 9:31am
I'm looking to start the free challenge just to get used to the system but I have not used metatrader 4 before and I'm struggling with it I'm useless with computers when you do the free challenge can you trade the dex?? I cannot find it

Problem solved
  • #7,399
  • Apr 21, 2021 6:13am Apr 21, 2021 6:13am
Quoting Rayder4Life
{quote} i didnt say he lost any funded accounts, im just saying he trades with an EA he bought from a guy on the internet, and he admitted he has no idea how to trade himself, i dont care how he makes money its his bussiness but thats not a trader, hes someone who bought an EA from someone and it worked for him.
Maybe I'm the one who sold that EA
Always ready to help
  • #7,400
  • Apr 21, 2021 6:56am Apr 21, 2021 6:56am
Quoting Ruho
{quote} i have been reading this forum for a while and have now made an account because i want to respond to this constant criticism of the challenge. 1. you can test the challenge endlessly for free. Any person who does not pass the challenge without passing the test challenges several times is completely self to blame. 2. i don't understand the argumentation that the challenge is not feasible. if a trader doesn't have a positive expectation value, then he is not a good trader, it's as simple as that. if you don't manage to make 10% or 5% profit...
another new suspicious account appears in FF in the ftmo thread with the same opening statement.
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