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FTMO - For serious traders

  • #7,521
  • Edited 8:41am Apr 27, 2021 7:27am | Edited 8:41am
I'm trying to pass the 35k gbp challenge
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sorry for my English, using google translator.
  • #7,522
  • Edited 10:04am Apr 27, 2021 7:30am | Edited 10:04am
Congrats, Bigivan.

I'm in the middle of the 100k paid challenge. Good first day yesterday but shot myself in the foot this morning.
Now I have to give myself a pep talk and trade better. Didn't break the rules, still alive. Only Day 2.
Just disappointed but I've been 'there' before. Just not in a paid challenge.
  • #7,523
  • Apr 27, 2021 7:30am Apr 27, 2021 7:30am
Quoting LoveScalping
I'm trying to pass the 35k challenge {image}
Nice going but why on earth did you not go for the 50k dollar option? 50k is a lot better to work with then 35k. You can still pay for it in GBP
  • #7,524
  • Apr 27, 2021 7:35am Apr 27, 2021 7:35am
Quoting Mtinifx
{quote} Nice going but why on earth did you not go for the 50k dollar option? 50k is a lot better to work with then 35k. You can still pay for it in GBP
I am from Russia, 1 dollar 77 rubles, 1 pound 110, the difference is obvious) and in the future I am more than sure that the dollar will continue to fall and the pound will rise, respectively, my payments will be even higher.
sorry for my English, using google translator.
  • #7,525
  • Apr 27, 2021 8:35am Apr 27, 2021 8:35am
Quoting Mtinifx
{quote} Nice going but why on earth did you not go for the 50k dollar option? 50k is a lot better to work with then 35k. You can still pay for it in GBP
Why would it be better? If you don't use all the margin all the time using an account in your base currency that you use for every day it's better, IMO.
  • #7,526
  • Apr 27, 2021 8:47am Apr 27, 2021 8:47am
Quoting fx11trade
{quote} Why would it be better? If you don't use all the margin all the time using an account in your base currency that you use for every day it's better, IMO.
50k is better then 35k to trade with or am I missing something? That's the whole idea of getting these Prop accounts is because we want to trade with a bigger balance! But if you don't think so that's fine!

To give you an example, I have a 200 AUD dollar account which I'm busy trading. The larger the account size the more leverage I have to play with. It only cost me around 110 quid. If I wanted to get a USD account with the same balance it would have cost me about £145

Elementary mathmatics mate.
  • #7,527
  • Edited 9:45am Apr 27, 2021 9:30am | Edited 9:45am
Quoting Mtinifx
{quote} 50k is better then 35k to trade with or am I missing something? That's the whole idea of getting these Prop accounts is because we want to trade with a bigger balance! But if you don't think so that's fine! To give you an example, I have a 200 AUD dollar account which I'm busy trading. The larger the account size the more leverage I have to play with. It only cost me around 110 quid. If I wanted to get a USD account with the same balance it would have cost me about £145 Elementary mathmatics mate.
I have already explained my logic when choosing, I do not trust the dollar as a currency, the choice was between pounds and euros, I also chose the pound because it is my favorite trading pair) gbpusd with cosmic volatility.

50,000 USD to RUB - 3,745,875
35,000 GBP to RUB - 3,644,270
The purchasing power of the account is actually not much less. And I'm not going to open positions for the entire margin
sorry for my English, using google translator.
  • #7,528
  • Apr 27, 2021 10:21am Apr 27, 2021 10:21am
Quoting LoveScalping
{quote} I have already explained my logic when choosing, I do not trust the dollar as a currency, the choice was between pounds and euros, I also chose the pound because it is my favorite trading pair) gbpusd with cosmic volatility. 50,000 USD to RUB - 3,745,875 35,000 GBP to RUB - 3,644,270 The purchasing power of the account is actually not much less. And I'm not going to open positions for the entire margin
Exactly. If you are not using the entire margin this difference between €,$ or pound does not matter.

And also 1 pip in €,$ or pound has different value.

EURUSD - 1pip = 10$
EURUSD - 1pip = 8.9€
EURUSD - 1pip = 8.1 pound

https://www.forextime.com/eu/trading...pip-calculator

Thats why are the differences in account sizes between the currencies.
  • #7,529
  • Apr 28, 2021 4:02am Apr 28, 2021 4:02am
The work is almost done) 4 days left for 1 order 0.01 (including weekends). I won't fall for this bait again like last time I'd better go train on my small real account.
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sorry for my English, using google translator.
  • #7,530
  • Apr 28, 2021 4:10am Apr 28, 2021 4:10am
Quoting LoveScalping
The work is almost done) 4 days left for 1 order 0.01 (including weekends). I won't fall for this bait again like last time I'd better go train on my small real account. {image}
good job man, verification will be easier
  • #7,531
  • Apr 28, 2021 4:39am Apr 28, 2021 4:39am
Quoting LoveScalping
The work is almost done) 4 days left for 1 order 0.01 (including weekends). I won't fall for this bait again like last time I'd better go train on my small real account. {image}
Lol come on L.Scalping, don't be a coward! Let's see if you can get up to 20%. I believe in you.
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  • #7,532
  • Apr 28, 2021 4:52am Apr 28, 2021 4:52am
Quoting Koop
{quote} Lol come on L.Scalping, don't be a coward! Let's see if you can get up to 20%. I believe in you.{image}
I will show a profitability of more than 10% on the account after passing the tests , now I have no motivation to continue trading on this account.
sorry for my English, using google translator.
  • #7,533
  • Apr 29, 2021 10:36am Apr 29, 2021 10:36am
Hi, anyone ever used FTMO with night scalpers? are their spreads suitable for this kind of trading?
  • #7,534
  • Apr 29, 2021 3:13pm Apr 29, 2021 3:13pm
Quoting Premistis
Hi, anyone ever used FTMO with night scalpers? are their spreads suitable for this kind of trading?
spreads after midnight, give 1-2+ hours come back to normal level, depends what u wanna scalp on
  • #7,535
  • Apr 29, 2021 7:42pm Apr 29, 2021 7:42pm
Quoting Rayder4Life
{quote} spreads after midnight, give 1-2+ hours come back to normal level, depends what u wanna scalp on
The strategy works on IC markets and other brokers, but i'm just worried if FTMO makes excessive spreads after market hours, or does it match ICM?
  • #7,536
  • Apr 29, 2021 8:08pm Apr 29, 2021 8:08pm
Quoting Premistis
{quote} The strategy works on IC markets and other brokers, but i'm just worried if FTMO makes excessive spreads after market hours, or does it match ICM?
Spreads are fantastic except for approx 1 hour after rollover.
  • #7,537
  • Apr 29, 2021 9:33pm Apr 29, 2021 9:33pm
Quoting pipmaster77
{quote} Spreads are fantastic except for approx 1 hour after rollover.
Thanks for the feedback, do you think FTMO spreads are the same as IC markets ECN accounts? or any other ECN broker available on the market
  • #7,538
  • Edited Apr 30, 2021 12:45am Apr 29, 2021 11:41pm | Edited Apr 30, 2021 12:45am
Quoting Premistis
{quote} Thanks for the feedback, do you think FTMO spreads are the same as IC markets ECN accounts? or any other ECN broker available on the market
You should just open the demo challenge and see all the most selected questions, but about spreads - they are very good together with the commission, I know only 1 broker who has better conditions (based on the calculation of spreads and commissions)
sorry for my English, using google translator.
  • #7,539
  • Apr 29, 2021 11:53pm Apr 29, 2021 11:53pm
Quoting Premistis
{quote} Thanks for the feedback, do you think FTMO spreads are the same as IC markets ECN accounts? or any other ECN broker available on the market
ftmo has better spreads than ic markets on most assets
  • #7,540
  • Apr 30, 2021 8:32am Apr 30, 2021 8:32am
i just saw this interview with the new FTMO trader, man this guy is a real motivational speaker, he was saying all the things that every each of one us went thru in this journey and still do, you guys gotta see it fully

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