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FTMO - For serious traders

  • #7,421
  • Apr 21, 2021 11:19am Apr 21, 2021 11:19am
Quoting PaulMF
Good news! He is still really interested in me. Caught in act: {image}
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  • #7,422
  • Apr 21, 2021 11:21am Apr 21, 2021 11:21am
Quoting Rayder4Life
{quote} that 93% is not true, majority of mainstream brokers have 70-80% accounts that lose money, not 93%
Yes, true. I misspoke. Was just trying to get the point across that MOST live accounts lose money as well.
  • #7,423
  • Apr 21, 2021 12:01pm Apr 21, 2021 12:01pm
Quoting PaulMF
Good news! He is still really interested on me. Caught in act: {image}
Hahaha dude you're turning this thread into a circus.
Expo has his own thread. You can go troll him there lol, I'll be happy to come watch.
  • #7,424
  • Apr 21, 2021 12:11pm Apr 21, 2021 12:11pm
Quoting Koop
{quote} Hahaha dude you're turning this thread into a circus. Expo has his own thread. You can go troll him there lol, I'll be happy to come watch.
This is tangible and reasonable as you demanded.

No trolling. Asking for FTMO challenge feedback.

Nothing related to FTMO in his posts. His posts are a monologue about harmonics, waves, etc. I'm not interested on fantasy trading.
Always ready to help
  • #7,425
  • Apr 21, 2021 12:28pm Apr 21, 2021 12:28pm
Quoting pipmaster77
{quote} Yes, true. I misspoke. Was just trying to get the point across that MOST live accounts lose money as well.
It depends on the broker. Sometimes it's more close to a 50-50.

Instead on FTMO: 94% reported not to pass Challenge. But those 6 out 100 still have to pass the verification. And when that verification has been passed, you need to make money. Probably, it will very difficult to find one that with just one try, passes all the steps and makes money. Because if someone pays several challenges till finally getting a "funded account" but does not make enough money to beat those previous participation fees, then turn to be a big no-no.

For example, the lucky one who passes all the steps after 5 attempts:

- Participation Fees = 4 attepts x 1,080 = - $4,320
- The trader makes 10%. Profit share (70%) = 100,000 x 0.10 x 0.7 = $7,000
- Total = 7,000 - 4,320 = $2,680

You have to very lucky to get $2,680. Lottery on a weekly basis is better. Meanwhile trading your own account and uploading your CV to real prop-firms websites.
Always ready to help
  • #7,426
  • Apr 21, 2021 12:43pm Apr 21, 2021 12:43pm
Quoting PaulMF
{quote} It depends on the broker. Sometimes it's more close to a 50-50. Instead on FTMO: 94% reported not to pass Challenge. But those 6 out 100 still have to pass the verification. And when that verification has been passed, you need to make money. Probably, it will very difficult to find one that with just one try, passes all the steps and makes money. Because if someone pays several challenges till finally getting a "funded account" but does not make enough money to beat those previous participation fees, then turn to be a big no-no. For example,...
the 100k challenge is $650 not $1080, and people fail this challenge more than their own accounts is because this is more strict and hence very few can stay within the risk parameters, i mean how hard is it to not risk so much, does someone have to stay with a gun to your head and tell you to manage risk properly ?

watch this from the minute i posted it, and you will understand why so many fail to stay within the risk parameters.

Inserted Video
  • #7,427
  • Apr 21, 2021 12:44pm Apr 21, 2021 12:44pm
Quoting PaulMF
{quote} It depends on the broker. Sometimes it's more close to a 50-50. Instead on FTMO: 94% reported not to pass Challenge. But those 6 out 100 still have to pass the verification. And when that verification has been passed, you need to make money. Probably, it will very difficult to find one that with just one try, passes all the steps and makes money. Because if someone pays several challenges till finally getting a "funded account" but does not make enough money to beat those previous participation fees, then turn to be a big no-no. For example,...
No luck, just skills.
  • #7,428
  • Apr 21, 2021 12:57pm Apr 21, 2021 12:57pm
Quoting PaulMF
{quote} It depends on the broker. Sometimes it's more close to a 50-50. Instead on FTMO: 94% reported not to pass Challenge. But those 6 out 100 still have to pass the verification. And when that verification has been passed, you need to make money. Probably, it will very difficult to find one that with just one try, passes all the steps and makes money. Because if someone pays several challenges till finally getting a "funded account" but does not make enough money to beat those previous participation fees, then turn to be a big no-no. For example,...
Some can choose that way. Being in the US, don't have that option. Some choose FTMO. Some people eat seafood, some don't. I'm a football fan, you may not be. I like the beach, some prefer the mountains. You get it.......
The argument is irrelevant to me, I have 0 risk in the game. Getting 70% of whatever I earn with no target and 0 dollars at risk. I'm sorry, but I am in the best situation I can be.
  • #7,429
  • Apr 21, 2021 1:27pm Apr 21, 2021 1:27pm
Lol you guys are wasting your time on Paula trying to explain risk and profitability. He's not on FF to learn or understand how to trade, he doesn't even believe in profitable trading unless it's 0.02% per month. He's just here to troll.
Nothing you say will make sense to him unless it is negatively geared towards FTMO.

I understand that now and see him only for the strange entertainment he is.
  • #7,430
  • Apr 21, 2021 1:40pm Apr 21, 2021 1:40pm
Quoting anthon25
What happen if we have reached all goals.... should we stay off during first challenge which is 30 days ? or we can jump to second challenge? {image} {image}
If you've reached the target within 10 days; you will be moved to the second test. You will not need to wait 30 days.
  • #7,431
  • Apr 21, 2021 1:40pm Apr 21, 2021 1:40pm
Quoting pipmaster77
{quote} Not sure I understand your question...but if you are asking if you should stop trading once all objectives in the challenge have been met....Yes, absolutely. Not sure about the 5 days qualifying as passed though, as that is 10 days. Is this a challenge or a free trial?
T'was a free trial..
  • #7,432
  • Apr 21, 2021 2:21pm Apr 21, 2021 2:21pm
Quoting Rayder4Life
{quote} the 100k challenge is $650 not $1080, and people fail this challenge more than their own accounts is because this is more strict and hence very few can stay within the risk parameters, i mean how hard is it to not risk so much, does someone have to stay with a gun to your head and tell you to manage risk properly ? watch this from the minute i posted it, and you will understand why so many fail to stay within the risk parameters. https://youtu.be/oXno18pOHgo?t=3325
Thanks for the video. I will watch tonight.

If I'm not wrong, the agressive challenge is $1,080.
Always ready to help
  • #7,433
  • Apr 21, 2021 2:29pm Apr 21, 2021 2:29pm
Quoting Koop
{quote} No luck, just skills.
If they are skills, still waiting to see someone with those skills.

For me everything greater than 30% in a yearly basis is still to be proved.

Otherwise, this sounds like get-rich-quick schemes.
Always ready to help
  • #7,434
  • Apr 21, 2021 2:53pm Apr 21, 2021 2:53pm
Quoting PaulMF
{quote} It depends on the broker. Sometimes it's more close to a 50-50. Instead on FTMO: 94% reported not to pass Challenge. But those 6 out 100 still have to pass the verification. And when that verification has been passed, you need to make money. Probably, it will very difficult to find one that with just one try, passes all the steps and makes money. Because if someone pays several challenges till finally getting a "funded account" but does not make enough money to beat those previous participation fees, then turn to be a big no-no. For example,...
Well, couple of different points of view here. One could view challenge fees as a business expense. I am sure, being the intelligent person you are, you are aware most companies operate in the red for a minimum of 2 years or if you wish to purchase an existing profitable business would be around 2x the annual profits. So, even if you fail and pay for 6 challenges, each one lasting 1 month, you would be in the black by month 9. Alternatively, to purchase a business generating 50K in profits would cost 100K, 100K in profits would cost 200K, etc, etc.
  • #7,435
  • Apr 21, 2021 3:13pm Apr 21, 2021 3:13pm
Quoting ForexGalVA
Hi traders. This is directed at long-term traders particularly those already trading with FTMO. Or who could. I have passed 2 FTMO free challenges. The first was the 'standard' version in 4 days...
I think it would be good to know when you make the most money; and why you're making money at those times; then arrange for those circumstances to coincide with your trading? Cheers!
  • #7,436
  • Apr 21, 2021 4:25pm Apr 21, 2021 4:25pm
Quoting pipmaster77
{quote} Not sure I understand your question...but if you are asking if you should stop trading once all objectives in the challenge have been met....Yes, absolutely. Not sure about the 5 days qualifying as passed though, as that is 10 days. Is this a challenge or a free trial?

That was a trial . I wonder if in challenge when we had past 10 days and reach all goals, do we need to stop or just can ask for next 2nd challenge?

Quoting TraderOtakar
Hello Traders, my name is Otakar and I am a co-founder of the FTMO.com. Our aim is to find successful traders on Forex and CFD who we provide with our company capital when they meet our conditions. The testing of traders is performed through a demo account which we call the Challenge. Why to trade for us? Receive funding up to 40 000 USD, you keep 70 % of profits, we cover the losses. In this thread we will share articles about trading, news about the company and the most importantly we will answer all your...

can you answer this, please....
I am completely a lazy Trader & Pennies Rebate Hunter
  • #7,437
  • Apr 21, 2021 6:11pm Apr 21, 2021 6:11pm
Quoting anthon25
{quote} That was a trial . I wonder if in challenge when we had past 10 days and reach all goals, do we need to stop or just can ask for next 2nd challenge? {quote} can you answer this, please....
Thoughts already answered you. If you reach the goals and trade for the 10 minimum days, you can ask for the verification account. You would not need to wait for 30 days. You must trade for 10 minimum days though.
  • #7,438
  • Apr 21, 2021 6:18pm Apr 21, 2021 6:18pm
Hi, does anyone know what broker does FTMO uses or are we allowed to use our own broker? how are their spreads?

it's not mentioned anywhere in their site.
Pips Collector EA, No Martingale, No Grid
  • #7,439
  • Apr 21, 2021 6:46pm Apr 21, 2021 6:46pm
Quoting huatboyz
Hi, does anyone know what broker does FTMO uses or are we allowed to use our own broker? how are their spreads? it's not mentioned anywhere in their site.
There spreads are the better than any broker I've ever used. You will be on the FTMO server, they stream an aggregate feed of LPs. This has been debated in this thread numerous times....are they a white label? do they use a broker ? I, admittingly am just a trader, don't know enough about the broker and LP side...short answer is you don't pick a broker, you trade on their server and the spreads are the best I've ever traded.
  • #7,440
  • Apr 21, 2021 10:17pm Apr 21, 2021 10:17pm
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