Best ftmo challenge reddit Should I go for it na ba? The only hesistation for me in mind is yung money na idedeposit ko for the real challenge lol. I learned to trade with a family member and when I started 4 months ago I was reading the graphs really well and it was a fun learning experience. I feel the challenge is more of a puzzle. And did my due diligence asking them (the ftmo team) multiple times if i was allowed to hit the 10% target before the 10 day minimum. You will now lose the challenge if your account balance goes anywhere under 21. This feedback is very valuable to new traders or those seeking some trading motivation. There is a reason why phase 2 have longer time to pass and less profit target to achieve, because the company knows lots of people get lucky on the phase 1 and they want to challenge trader’s consistency. For example, if you risk 0. I’ve been trading since I got out of high school 2021. No. I have tried the FTMO challenge a few days and got a very bad and unfair experience. I felt ready, and started my first ever FTMO challenge on Monday gone, ended up making 9% this week and I am around €70 from the profit target of €1000. You don’t get any of the profits from the challenge. 1%-3% max but I think 0. None of the people that fail post anything up on reddit because there is no point, while the people that succeed (which is a tiny %) are on here having their 15 mins of fame before 99% of them inevitably lose the account which they attained through luck rather than actual trading skill. I could see I was trading in a emotional state and felt very isolated. Welcome to FXGears. 5% per trade with a 1:2 risk-reward ratio, you will hit 10% in 10 trading days. I just recently got my first FTMO challenge. Most people tend to still take the initial capital before entering the trades (let's say 25. You need to buy the challenge and then pass both phases. 331K subscribers in the Forex community. 600 Dollars (27k - 20%). Hey guys. I explained my case, and even took the so called loss which did not equal what I was supposed to be losing. So, for example a common challenge is to do 8% in a month. My opinion would be go for it, but be disciplined and use it to fund your personal account to a good size account (10k, 25k, 100k, whatever you're comfortable with). 000) as their calculation-basis and call funding firms a scam because their account balance never went under 20k (25k Long story short, I want to aim for a €40,000 challenge next year and wanted to ask you what your experiences are with FTMO and what you can possibly give me tips along the way. Can you share your experience? Withdrawal process with diff payout 875 subscribers in the ForexCracked community. Hello! I already passed ftmo demo trial for 14 days for 3 times already. I did the challenge myself. Today i finished my first phase of my 100k Challenge. true. This includes unrealized losses. Looking through the trades since I triggered the challenge to start. Day 29 I was down 4%. 5%-1% is better for long run, Actually I was doing well in the two phases but in the FTMO account I wasn’t myself when I look to my entries back then i says WTF why did i took that trade whats the reason for the entry, I was just want to make money fast, Greed blinded my insight now, I believe revenge/over Trading has a huge psychological Remember, in the market, perfection is elusive. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. You have mentioned you're profitable on your own and with a large sample size, so congratulations. 22 votes, 24 comments. They have a long history in the industry, proven consistent payouts, and upstanding customer service. Thats why Im asking if you had expierence with this. I don't think you're going to deny that an 85% winrate with a 10:1 average RRR for a profit factor of 61 is unsustainable. Things I learned from this challenge The FOMO, the fucking FOMO. We express our warm welcome to our new FTMO traders. We are currently recommending and standing by FTMO. com's Reddit Forex Trading Community! Here you can converse… In my personal opinion FTMO is best for day traders since for scalpers they may be affected by the trade copying and swing traders can't hold over the weekend. Basically, during the challenge and verification, news does not matter, but once you've completed it, it will depend on your account type. . Around 90% fail the challenge, and those who pass, around 90% lose their account in a short time. Check out my shared screenshots with FTMO challenge stats for a closer look at the journey to success. As for the type of news, I'm not too sure, but you can check the link as they provide an economic calendar. They kept saying I had to wait till the 10 days are over and then i could reach the 10%. After the 30 days I was not able to get my account to break even. This serves as a testament, however, of how badly designed the FTMO challenge is. I blew two of Do you plan to take another FTMO Challenge to manage even bigger capital? Yes, later in the year once I have got settled into this account. I have been trading a 40,000€ demo account at FTMO for the last two weeks (see screnshots) to see if I can put what I have learned into practice, i also made some The majority of challenge takers are not aware of this and are risking only 1% to 2%. Thing is, if you can't trade successfully a 1k account, don't even try a prop firm. After passing both phases, you start getting all the profit you make. FTMO and other prop firms earn their money on people failing challenges. which is more than enough to pay out the traders that do make money (90%+ loose) -the really great traders with good rm and consistency over a longer term basis get copy traded onto a larger live account. I felt cheated and disappointed. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. 46 :D Soooo happy The issue here is that you see all the 'success' stories and no failure stories. - Each challenge was done separately, months between one and another. 242 votes, 229 comments. I failed my FTMO challenge today. That's not to say you can't be a successful swing trader or scalper with FTMO, I just think it may be more difficult to meet the requirements. 8 - Win rate of 55-60%. Do not be tricked by fly-by-night firms offering cheap thrills. Keep trading sharp! I think so, but not all of them, people say why wouldn't they do it themselves, lest they forget max amount you can have is 400k on ftmo for example, so if he can consistently make profit on his/her own, they can do it on other accounts, and if they manage it after the challenge, take a % of what they make on the account, if they lose the challenge, they may only refund the service fee or Is anyone having a lag on mt4 while trading on ftmo servers? I have noticed few times where server just wont respond to log in or anything, when… Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the FTMO Forex Trading Community was created with the following intentions: - To help new and professional traders learn and improve their forex trading skills as best as we can, - To help Traders know more about FTMO and how to get funded by them, - To help/guide new traders in passing the FTMO challenge and verification stage. Jun 2, 2024 · I have gotten funded three times with FTMO before but this is the longest it took for me to pass the challenge this time around. I bought the 10k challenge and plan on working my way up to 100k and just using profits to scale up and pay for the next challenge. Can't trade within 2 minutes before and 2 minutes after. Take a look into how they managed to score the FTMO Challenge and what methods they used to pass our Evaluation process. That's how they make their money, and it's one of the best business models out there. I was in gain and their metrics were telling that I failed the max daily while at the same time I was in gains of over 1k. 11 votes, 36 comments. All the best for you tho. What was the most difficult during your Challenge or Verification and how did you overcome it? Apr 5, 2023 · To pass the FTMO challenge, take smaller risks and plan on using up a good chunk of the 30 days to reach the target. My mentor tells me this is great for a first challenge since mostly everyone fails there challenge way before the 30 day mark. 5-1. On the paper, gaining 10% and 5% in 2 months in a row is tough job. As long as you keep the challenge fee money aside, you can retake it again if you happen to lose it. -ftmo's business model is based on the failed challenge fees. 34 votes, 61 comments. As for risk management, a 1:3 risk-reward-ratio with just a 2% risk on solid trades was my golden rule. Very happy with myself and my progress, especially that I started trading less than a year ago. My question is if any of you guys who have passed the first… FTMO Forex Trading Community was created with the following intentions: - To help new and professional traders learn and improve their forex trading skills as best as we can, - To help Traders know more about FTMO and how to get funded by them, - To help/guide new traders in passing the FTMO challenge and verification stage. I'm planning to get 100k usd funded account since yun ung talagang pinractice ko. 8 days of trading, 259 trades, Profit factore 2. ForexCracked Official subreddit; Share and Discuss Forex EA, Indicators, Lessons, strategies, Video… So today I failed my FTMO challenge. spmog uicdt wunkx hrn lhxl pnmj qjtzy royjt rxqfe iryzmx