Ftmo 10k challenge rules reddit. It sounds like you're not using stops.

Ftmo 10k challenge rules reddit Breaking rules etc etc. Yes, the bigger the account, the bigger the positions you can go with. You pay 100$ to get 10k fake capital but you are only allowed to lose 1k at any given time. I'm debating if I'm good enough to give ftmo(10k account $150) a try or maybe do a 1-2 k live money account. I blew two of them after just one payout from each, and one of them I couldn't make a profit before losing it eventually. Do you have a money Management strategy and Trading psychology rules? why 10k account and not 100k? Tips: test your strategy on the 14days FTMO demo trial and see if works first, so you So I decided to try an ftmo 10k challenge. 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. Failed my first ftmo Welcome to FXGears. Prop Firms Hello guys. Well lets say you have 10k, imagine how long it would take to build your account up to say 100k. What a mess, fomo, revenge trading, up and down all day. New Stop taking ftmo challenge. I'd say the closest thing to a real con is the 10% profit target. There are others like TopStepFX and Fivers. 4% away from failing the 10k ftmo challenge stage 2 Questions Hey everyone, I've recently got into ftmo, and on my first try, I passed the stage 1 of ftmo, onto stage 2 Welcome to FXGears. Just hit 9% profit within a week after hitting 10% within only 2 weeks. Loyalty Program Affiliate Program Check out the 5ers they offer a 39 dollar challenge which should fit your bill just fine and if u pass u get a 5k account that can scale to 500k and 10k a month salary. 2 account will do sell and the rest will buy Share Sort by: To pass a propfirm challenge you’re required to have a total return of around 13% (usually 8% phase 1 & 5% phase 2). Right now, every time I take a trade, my lot size is only 0. 5 lots, depending on my confidence in that particular trade. gg/wownoob --- Before you post, please do some Google searching to find answers and to avoid asking a question that has already been asked I Passed My phase 1 of my 10K challenge Account! This was my first go at the 10K had blown a 5K in the past. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! market news or financial education. 8 - Win rate of 55-60%. - To be with other like-minded forex traders. Im currently doing the challenge myself. Success in the scaling plan also gives you more confidence and experience working Welcome to FXGears. After having the funded account you don’t have any monthly profit target. com's Reddit Forex Trading Getting an FTMO Challenge is your first step towards becoming an FTMO Trader. If we go to the minimal FTMO challenge that is marketed as a "$10K" account the daily loss limit is $500 and total loss limit is $1,000 and the fee they charge is €155 for a $10K account challenge. Technically can i have 2×10k accounts 1×25k accounts 1×50k accounts 1×100k accounts 1×200k accounts Which amounts to a total of $395,000. I’m considering starting the FTMO challenge next week for the $10,000 account The "cons" mentioned by some of the comments aren't really cons per say. . Prop Firms Passed my 200k challenge today! Hey since the max allocation is 400k for FTMO. Most people tend to still take the initial capital before entering the trades (let's say 25. Not everyone has 10k lying around to use for trading. We do not have upgrading options so you need to choose the appropriate account size right at the beginning when you are configuring your FTMO Challenge. 000 USD account and trying to pass challenge step on ftmo, it means, you have daily %5 DD, total %10 DD. Currently attempting my first ftmo challenge on the 10k account. And if you get lucky and you pass, you won't hold the account for long. It sounds like you're not using stops. My question is when you do A prop challenge lets say beginner 10k with 100 to 1 leverage. One week goes by and you've lost 8K and have made $0 profit. PS: trial account. Same with the 5% on the 2nd challenge. After getting funded I ignored the trading plan and my psychology was in shambles. 34 votes, 48 comments. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. Strategy is scalping during high volatility moves, waiting for the big boys (Urban Forex follower here) to take action and follow their move. The objective of this adventure will be: - win 2 phases $10k challenge - make some profit on 10k Live account - withdrawal and use it to buy $100k challenge - win 2 phases $100k challenge - take home $10,000. And you must hit 10 percent profit. I normally trade 3 lot size but tried 1 lot size since I can only afford the $10k challenge for now. My equity curve: https://ibb. So good trader = guaranteed funding from prop 242 votes, 229 comments. Our Challenges simulate real-world Understanding the FTMO 10K Challenge. There are different types of drawdowns and we’ll cover everything in this article. TL;DR: Your FTMO app shows your daily allowed DD after every new trade. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! What lot size to use on £10,000 ftmo account? Prop Firms Yep clearly he should be imprisoned for spending 80$ on a 10k challenge without 10 years of backtesting and paper The FTMO funded trading program has specific rules that guide the traders in their conduct as well as describe the expectations and the targets that need to be met for traders to complete each stage of the program. Is it possible to still fail the verification stage if you don't violate any of the trading objectives? FTMO. Mine was 10 consecutive passes with 1 contract(lot) size per trade on the nasdaq. NASCAR Playoffs If <10% of people complete the FTMO challenge, my guess is over half of those challange winners will break their drawdown rule due to not leaving enough drawdown cushion from previous profits, or just bad trading because they got somewhat lucky with the challenge results and time will reveal the true profitability. true. Then you could either start slow on a 10k account, or go straight for a 100k account. But if I continue trading my current FTMO challenge, it does not look like I will reach the 10% target in this month either (the current challenge looks like it is heading to a free repeat again this month). Step 1 - FTMO Challenge; Step 2 - Verification; Step 3 - FTMO Account; Can I trade news? Do I have to close my positions overnight? If you are able to repeatedly pass our Free Trial, then there are chances you can succeed in the full FTMO Challenge as well. I managed to get back up to +180$. I learned a lot in the past months, backtested a lot every fucking day mate. Having an affiliate program doesn’t make a company a pyramid scheme 🤣🤣 8% of the challenge fee for a 100k account is about €45, whereas earning 1% gain on a 100k account with FTMO would earn you $700. I explained my case, and even took the so called loss which did not equal what I was supposed to be losing. I am planning to get the $100K challenge but I kinda want to hear any recent good and bad feedback FTMO is a prop firm, you can pay a fee to be evaluated to earn capital (10,000 up to 100,000). com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! So last month i ended up 8% in profit but the duration wasn't enough for me in the FTMO challenge, didn't violate any rules, so they gave another free challenge. Then set a strict condition on how many free trials you need to pass before attempting another challenge. FTMO fees vary, starting at €89 for the 10k Challenge and going up to €1080 for the 200k Challenge. We need to be sure that you can trade your system or strategy profitably in the long run while respecting the rules. I’m very curious about this phenomeno, never took an ftmo challenge, would like to hear your thoughts and experiences. I personally won't go there because of it rules (In my opinion ftmo forces traders to fail) and that 80% profit split make trader wanna try, but that split is not important at all. Start with the 10k account, if you pass Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. Every trader experiences them. Following is the trade restriction table for our FTMO Traders with specific types of reports and What i would suggest is try taking the demo challenge on FTMO first. 1%-3% max but I think 0. If you can pass the ftmo challenge, that means you can double your capital in a month without the restrictions of ftmo. e impulse, corrective, impulsive etc. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Hi can anyone recommend a good bot to pass a FTMO swing challenge from the Metatrader store? And before anyone asks, yes I can pass a challenge by myself without a bot FTMO has specific rules and guidelines for trading in their Challenge and Verification phases, and it is recommended that you review these rules before starting your trading. Getting funded 10k accounts means you have more margin/volume to trade. 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 mistakes for example in one trade i All information provided on this site is intended solely for educational purposes related to trading on financial markets and does not serve in any way as a specific investment recommendation, business recommendation, investment opportunity analysis or similar general recommendation regarding the trading of investment instruments. The two stages of evaluation are making 10% profit of the account you choose in one month, and then 5% in two months. These results are still good imo. After 34 trades I'm still slightly in profit for today. Detailed practical information on FTMO Challenge rules and tips for passing. You need to treat the challenge like its own time sensitive derivative. Drawdown We Guys you have unlimited free tries while during the challenge to pass it if you don’t break the rules but don’t achieve the profit target 10%. I wonder if it’s possible to get 4 ftmo challenge to get one real account. It was then, armed with confidence and dedication, that I took on the ultimate challenge. 50 I'll allow a 100 pip move against me. Posted by u/3L_D3M3NT3_YaC0 - 47 votes and 22 comments 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. The 2 main rules that I hear traders mess up on the most: *Floating* Maximum drawdown - FTMO not only counts closed positions into the drawdown rule but also open positions. I got 2 more weeks to pass the challenge or breakeven to get a renew challenge. Took the same strategy I use for my personal account but lowered the risk per trade to a fair profit and loss point, i let my winners runn and move SL If you have 10k in your account, you are allowed to lose almost 10k and if you make 10k then you have made 100%. Passing the challenge is easy with a bit of luck but 99% of those who pass the challenge can’t manage to keep the account for more than a month since they would break the rules because they simply don’t know how to trade. When you finally learn how to trade consistently and generate profits, the sky is the limit. I have already paid the 10k challenge and not 50k (I previously paid a 50k challenge on which I was stopped while in gains for a matter of flotting daily loss pnl that I still dispute but that's not the issue now, I got stolen and that's why I'm doing this public assessment. In fact I will guarantee you they do not have physically have $100k sitting in an account for each of their funded traders. Posted by u/[Deleted Account] - 5 votes and 3 comments Welcome to FXGears. This should encourage you to start your journey to become one of our FTMO Welcome to FXGears. com. So it stops at 10k loss for a 100k account Did you already paid for the challenge? or actually FTMO provide a free trial prior to actual (paid Hey all just wanted to post my first month progress on a 10k ftmo challenge, I took a big hit of around -191$ in my second week of trading in a single day. A lot of traders have been able to make a good living by trading full-time thanks to FTMO. com's Reddit Forex Trading Community! You can get a 14 day extension on the 30 day challenge if you are at least 5% in profit 3 days from the end of the period. They are all the same with different rules, just whatever suits you best. You're not risking putting 100k of your own money into a live account. Hey guys. If I get in . ps. 210k down. I went straight for the 100k but i was sure of my results. I feel the challenge is more of a puzzle. 331K subscribers in the Forex community. Example: Max drawdown is 10%, you start a 100K account so you can only lose 10K total or you fail. You have to be profitable to be able to make money on their Get the Reddit app Scan this QR code to download the app now. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! FTMO 10k challenge - 25% profit but failed cause of Prop Firms So 1st day got 862€ profit. However, before you can do that, you need to pass their challenge. Ftmo is good for scalpers and you need luck because is kinda hard to make 10% in 30 days without luck. in the evaluation stage I made a profit of 5000 with goal being 1000. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Hi guys I’m not new to Forex or anything but I’m planning on taking the FTMO challenge , but making 10% in 30 days (24 days if u take away weekends) is a lot I think Ex: -$75 on a trade would me that you were -$75 in drawdown or a cool . I would definitely go for funding! Challenge: 3 stages, each requiring a 6% profit, with a maximum loss of 5%. Try ftmo's free trial so you can get used to the risk required for that account size. Honestly for me its not worth all the rules they have, I’d rather just use my $7k+. 4. Countless YouTube videos, Udemy courses, Google searches. But that's so doable. -- While we only allow Q&A posts here, our Discord is great for those topics that don't fit here! discord. Now I'm trading the 15k AUD challenge and currently at negative side -50%. I agree. The following week I did really bad in my Forex funds challenge as I didn't adhere to the rules. Adhere to the rules and practice safe trading. I'm I failed my FTMO challenge today. 200k more to go. So if you are up 30k TODAY you can drawdown Most of the people who pass the challenge do so through sheer luck. 8. I had 13k in drawdown and about 6k in losses. As long as you don't let yourself go below the starting balance you won't have to buy another challenge. Don't try to succedd in this scenario: I will make 2000 usd today, 3000 another day, maybe I will have drawdowns but eventually hit the profit target. Also think about it. 000) as their calculation-basis and call funding firms a scam because their account balance never went under 20k (25k -20%). It’s surprising how fast the account can grow, and moving from a 20% to a 10% “profit share” is significant. Just remember less than 10% of people pass their challenges, and if that about 2% actually take any profits whatsoever ¯(ツ)/¯ if you’re rocking through even 10 challenges for one payout that MIGHT get you to break even it is an indication this is probably a waste of your time. But based on your theory you would have to make 100% on that 10k to pass the challenge. you pay a small amount for challenge. Plus the scaling aspect, even a $10k ftmo account can eventually scale to $2M account. Just some notes you have 5%Drawdown of 10k. Despite taking 26 trades, my equity is $9,995. Good luck tho brother ! Reply more reply. The real question is do YOU have a consistent and profitable method? That is the real question. Passed another ftmo challenge. I passed the challenge this is my first 9 days with Sorry for my English I have make challenge 3 times already, 2 times failed at verification, 1 time lost prop account. Share Sort by: Best. Last month, I passed the FTMO demo account and I said to myself that I am ready to do the challenge. You can choose an account size of up to $200,000. You'll keep failing. When you become an FTMO Trader, we already know that we can trust your trading skills and abilities to manage risk properly and therefore, we will provide you with top-rated trading conditions in the industry. There is no time limit within which you need to pass the Our trading challenges provide virtual funds ranging from $10k to $200k, allowing you to practice and learn in a risk-free environment. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Ftmo rules . Do you calculate your 1% risk on the 10k or on 10k x 100 leverage? Even though it’s called a swing account, FTMO isn’t well suited for swing trading. The rules for the Challenge Passing help you handle risk management better. Just use 10k as the example. 17, giving me an average RRR of 1. But it is good for good traders with 0 capital (minus the $400-$600 you might have to pay 1-4+ times). This includes unrealized losses. I feel I was lucky with the first phase 1 challenge, but the second phase 1 challenge took 23 trading days. View community ranking In the Top 1% of largest communities on Reddit. the fee is 155 eur but lets assume its 100 because on higher plans the fee become less in percentages. Here’s a quick rundown of what’s allowed: Standard Trading EAs: These are your basic EAs that use regular trading strategies like trend following or technical analysis. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I'm 0. 600 Dollars (27k - 20%). Months of rigorous backtesting, adherence to my rules, and meticulous risk management finally paved the way for consistency. 22 votes, 24 comments. The FTMO rules ensure that traders are disciplined in their approach to the program which will enable them to achieve the best of results through acceptable methods. In the real world thats 500$. If you had 10K to trade, you are better off trading your own account. - Each challenge was done separately, months between one and another. It's hard as I started ftmo challenge and my Forex funds challenge and in 1 week I passed ftmo. I didn't even get to the verification step btw For the absolute first time, I will buy a 10K USD props firm account, do the challenge and try to take 10K USD profit at home. I've put my affiliate link below but I whole heartedly recommend them and am doing their 100k account challenge at the Welcome to FXGears. 2nd day exceeded my max daily loss of 500€ besides I had 862 from the 1st daydoes this rule make sense? I'm going to take part in the FTMO challenge soon but I'm not sure if FTMO lets you keep your profits during the challenge and verification stage. Prop Firms Try the 10k account and then use those profits to buy the challenge for 100k and 200k accounts. com is a platform that provides traders with the opportunity to trade with real money and potentially join their trading team. FTMO 10k challenge - 25% profit but failed cause of So 1st day got 862€ profit. I would suggest anyone taking on these challenges The table below summarizes the key rules for FTMO’s Funded Accounts, covering the main aspects like daily loss limits, drawdown, leverage, and specific rules on holding After you pass all the Trading Objectives in your FTMO Challenge, you will see a notification in your Account MetriX informing you about your success, and you won’t need to trade the account anymore as your Trading Objectives are Take a look into how they managed to score the FTMO Challenge and what methods they used to pass our Evaluation process. AM I gonna see that anytime soon or do I have to wait for step 3 of the process. There are always new opportunities the next day so don't overtrade and accept losses. Now my trader psychology is going off. You never get fundet with Real money, you always papertrade. The challenge consists of trading with a virtual account for 10 days, with a specific set of rules and conditions. This way you get a better grasp of your strategy and you understand FTMO rules. My daily hit 23k. You could do it twice to be sure. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. Let's say I took part in the $10K challenge, and met all requirements and have an ending balance of $12K, since I hit the target of $1K in 4 days. Just keep in mind that our maximum capital Same thing happened with my first ftmo challenge, I was £700 in profit. I have to make this 500 back before I can even think about getting paid. You can, however, start a new FTMO Challenge and upon successfully passing another Evaluation Process, we will provide you with another FTMO Account. 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 Then there is the aspect that if you have a $10k personal account and end up having a 10% (10% as if trading $100k) drawdown for whatever reason (sometimes you just have bad luck), then you've blown your account and are out $10k whereas with FTMO you're only out the ~$600 for the challenge if it happens during the challenge or during the first month and after that point you're The maximum permitted loss overall will be 10k plus any profit so in this case 11k. I can demo trade just fine, I passed 3 ftmo trials one after the other. Welcome to WoWnoob, where we encourage new players and veterans alike to ask questions and share answers to help each other out. Prop Firms Hey everyone, i started frmo about a month ago, it took me about 2 weeks to pass the first challenge, last week I started the second phase of the challenge and the whole time I've just been in loss, I've been trying to trade in a disciplined manner and haven't Welcome to FXGears. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! MFF is bad imo, If you’re in profit of 10k and you lose 7k profit ( 3k net ) You will fail the challenge due to drawdown even though you’re in profit Reply reply Long story short, I want to aim for a €40,000 challenge next year and wanted to ask you what your experiences are with FTMO and what you can possibly give me tips along the way. FTMO is legit, and I assume they have a lot of very successful traders. Thanks heaps. 5lot on 500$ is quite alot of risk. Today i finished my first phase of my 100k Challenge. I love practicing with these challenges. I felt cheated and disappointed. Just make sure they stick to FTMO’s risk rules. This time around I got another 10k challenge but exceeded my max loss and daily loss and still was allowed to move on to phase 2 Welcome to FXGears. And looking where price moves to. FOMO and “knowing when to take profits” shouldn’t be a thing if you’re following the rules of your tried and proven strategy. As for high frequency trading (HFT) with an EA, FTMO does not specifically prohibit this type of trading, but they do have some restrictions on the use of EAs. Basically it is 5%, or 5000 on a 100k challenge, a day and increases with your profits ON THAT DAY ONLY. As you know, majority of the prop firms offer challenges in these equity sizes; 10k, 25k, 50k, 100k, 200k, etc. Took me a little over half a year to do it. , - To help 5% daily drawdown limit rule on FTMO is unfair, at least during the challenge stage. I have tried the FTMO challenge a few days and got a very bad and unfair experience. Get 80% Off Evals & 50 Resets Lifetime Black Friday 10% off- Sign-up to a 10K evaluation for only €89. Check out our wiki to learn more! Members Online • [deleted by user] Just hit 10% I may suggest taking advantage of ftmo’s scaling plan for awhile first. Deposit the challenge fee into a brokerage account and trade it away. I’d say get a cheap funded with myfundedfx or the5ers. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! made 12k In two weeks off a 50k account. com's Reddit Forex Trading Community! Here you can converse about trading ideas Since the challenge resets you can use all that risk you have accumulated and start making larger trades to pass the challenge the closer you get to running out of time. There are some rules to follow all listed on their site. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Just hit 10% mark on phase 1 FTMO 10k challenge P/L Porn Locked post. anyway back to math, i will consider the FTMO 10k account for simplicity. Then go and buy I am very risk averse so 2% per trade is high for me. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Thanks will try out ftmo so on ftmo if I pass the 10k challenge can I do another one straight after that to get an additional 10? And just keep adding up until max funding? Just lost my ftmo 10k challenge , i would say this was a big learning curve, i have achieved consistency trading on a small account 3 months ending in profits, im in this for the long run and will do whatever it takes to get there, although i am glad i still maintained good risk management and psychology, my challenge went down hill from the CPI release due to my short bias Sorry OP but that's a dumb question. If you can make 100% in a month then If you reach your 10% you have reached your goal and move to the next challenge. But the guy blew three accounts in a row. If you go for the 5k and lose $40 it’s no biggie considering the opportunity. Blog Prop Firm Lists Demo Accounts How It Works Payout Time Tracker Prop Firm Rules High Impact News. Can you share your experience? Withdrawal process with diff payout If you lose 3 trades which is 300 dollars in a row the strategy isn't working. In the Client Area, you can select your FTMO Challenge based on the Account Balance, Account Type, and trading currency of your FTMO account. You need confidence in your strategy, execution and psychology. Compare Firms Exclusive Offers Extra Account Promo Best Sellers Reviews. anywayofcourse a prop firm is better than your own account for sure because with less Firstly, you can earn a huge income. Theoretically you could complete the entire challenge in a couple of days if you are good enough or get extremely lucky. good luck, as someone who has passed twice now, obey the rules as if its the funded account and you will be fine The 10k one, I plan to use the profits from the 10k one to go for the 100k ones. Spend like 40-60$ and get a 5-10k challenge. 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. You have 2 opened positions, say 1 in GU and 1 in EU, in I have been trading futures and doing succesfully at prop challenges but i have been looking at forex lately also. But I realized in the end that if I do passed the challenge, then it's a free to use capital for me as I got my challenge fee back. Our trading challenges provide virtual funds ranging from $10k to $200k, allowing you to practice and learn in a risk-free environment. In prop firms if you are allowed to lose 10% and have to make 10% which is The FTMO Challenge stage has reasonable rules, where the Profit Target is in balance with the drawdown we allow you to take. 359K subscribers in the Forex community. If you’re really determined then plan on trying out the challenge X number of times until you get the hang of it. co/R6FLGqR (edit - it's not actually equity curve as it shows only the profits made and not the account balance) The FTMO 10k challenge has a daily maximum loss of 5% and an overall maximum loss of 10%. I have seen some of the videos of those who passed it, and it's a disgrace. We call these rules Trading Objectives. Those two are the best from what I know. If I'm right, I'm right, if I'm wrong, the position gets cut. 10K, we take 80% of the ‍ FTMO offers a range of account types, including the 10k, 25k, 50k, 100k, and 200k challenges. From the people I know, they’re usually aiming at around 3-8% a month so getting 13% should be around a bit more than a month, ofc there are people who also pass challenges within 1-2 weeks but speaking on avg id assume it’d be normal to pass it within 1-2 Let's say, you have a 10. My question is if any of you guys who have passed the first Welcome to FXGears. I know most may think i’m rushing but trust and remember i’ve been doing this about 3 years now and have stayed up countless nights watching video after video, back testing, journaling, the whole bang. As far as I know from reading the rules if you go over 5% loss on open positions it will close your account. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! if you have a consistent strategy, you won’t lose the account. A drawdown is a reduction in the equity value of an investment and an inevitable part of every trading system. 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 I traded the demo account on FTMO with 40k for 2 weeks and reached 20% and also passed all the rules, for me its time for a real challenge. yes and it stops when you lose more than 10% of the account or break any of the other rules. The advantage of FTMO is being to take a small stake (540 Euros) and turning into a $10000 account that can be leveraged up to $100000. 075% down on the account and you are only allowed a maximum of 5% relative drawdown per day meaning that if you have a 10k account and hit -$501 before the trade goes back in Posted by u/[Deleted Account] - No votes and 22 comments After you pass all the Trading Objectives in your FTMO Challenge, you will see a notification in your Account MetriX informing you about your success, and you won’t need to trade the account anymore as your Trading Objectives are marked as passed. I got upset that I closed the trade too early because I would have passed my ftmo challenge in that trade. I'm planning to get 100k usd funded account since yun ung talagang pinractice ko. Thepoint is your actual risk capital is NOT actually $100k but rather it is $10k with FTMO. Here’s a breakdown of what the 10K Challenge entails: Phase 1 — Challenge: The first phase requires you to hit a 10% profit target within 30 days. You will now lose the challenge if your account balance goes anywhere under 21. New comments cannot be posted. I'm doing the 10k challenge and I'm only risking $75 per per trade. This program is very similar to FTMO, except the profit target is 2% lower, and the growth potential is much quicker with The5ers but caps out lower. FTMO and My Forex Funds and the like, you will have to pay tax on unfortunately as you are offering a service to trade these accounts. I’ve tried FTMO and Trader2B, and can confirm that the culmination of experience day trading will help you be successful in passing these. ‍ Trading Objectives ‍ Hey friends, just looking into the FTMO challenge, this might be a dumb af question, but do they give you the 10k to trade with? Or maybe they just make you trade in a paper trading sandbox? Or do you fund it yourself? Thanks in advance! 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. Skip to content. I have not violated any of the rules and have gained 5% over 4 days. Or check it out in the app stores &nbsp; , - To help/guide new traders in passing the FTMO challenge and verification stage. Welcome to FXGears. Step 3 – FTMO Account. I've profited 2k doing this. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Aaah with ftmo 10% a month and 80% split, scalable to 90% Demo is so much different than a live account and prop challenge account. Only 8% of all challenge takers pass. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. com's Reddit Forex Trading Community! Here you can converse If you're in the scaling plan, you get a new "initial balance" reflecting the "scale up". We will be automatically alerted that you have passed your FTMO Challenge and we will proceed to evaluate your trading results FTMO is cool with using certain types of EAs (Expert Advisors) on their funded accounts, as long as you follow their rules. If you are a real profitable trader Today I wanted to start the 10k funded challenge but didn’t bc in the terms and agreements, there are rules about Demo trading styles affecting whether or not you’ll pass the challenge - has anyone been rejected/denied to being funded even though they passed the FTMO challenge and verification? Thanks in advance Rules. its part of the game. By this time, the time demands I have are so much I am not trading FTMO and do not trust people who say they can trade profitably on FTMO. This is the same ratio as 12/10% for reference when comparing with the other programs. He also blew the account. Both verifications took me more than 30 calendar days I believe slow and steady is the way to go with ftmo. You Since 2015, the FTMO Challenge has been a cornerstone of our operations, allowing us to identify serious traders. This feedback is very valuable to new traders or those seeking some trading motivation. 4% stop loss thing) but tbh when starting the challenge out it might not be such a bad idea to start with a full 1% risk per trade. Desert_Trader • Except that you don't get a 10k account because the rules they have for drawdown don't ever Apparently this is all right under FTMO rules. Open comment sort options Best. WHAT I like about FTMO? 😀 For new traders, FTMO is a good place to start. Programs. My win rate decreased because of the pressure. After you pass the Evaluation Process (consisting of FTMO Challenge + Verification), and unless your account type is Swing, you should be careful when trading during news releases. Now im 5% All information provided on this site is intended solely for educational purposes related to trading on financial markets and does not serve in any way as a specific investment recommendation, business recommendation, investment opportunity analysis or similar general recommendation regarding the trading of investment instruments. I have a swing account because big news days are my best days, and I focus on smaller profits so 1:30 is sufficient. So I just recently opens a ftmo challenge account for 10k. But please, read the sidebar rules before you post. The advantage of buying a new FTMO challenge is that I can take advantage of the new no time limit rule. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I saw something interesting on FTMO , the price for 10k account is the same (155 euro) for all curencies ( GBP , EUR , USD) , so isn't it better to take the 10k GBP account for Completed FTMO challenge in 3 days with $80k account. I hope I didn't over achieve haha. The Funded Trader, My Forex Funds, & Ment Funding. 5-1. Just wanted to say it's a marathon not a sprint. Notice I deal better psychology with a bigger account than a smaller one cause a 2-3k € profit looks like a lot vs a 10k challenge where I was trying more % risk of the account. This information is not shared however, but the rules themselves are pretty easy to survive if you're good at managing risk. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! -ftmo's business model is based on the failed challenge fees. Advantages Daily loss was 10k. Sometimes we have bad days but one good thing I never did was increase the lot size. All you need is 10% in a Once I turned 10k demo to 11k gaining 10% I bought the challenge. FTMO challenge Recently I started to try out Prop firms and went with FTMO I tried a 10k challenge and passed and made it to a small payout. Each challenge is associated with a specific risk level, either Normal or Aggressive (now discontinued). My psychology is good and I rarely face FOMO and break my rules when trading. TFT has the 400k challenge from 1 buy, MFF is the cheapest, Ment Funding has its own rules with up to 2 million in direct challenge funding and only 1 phase to pass the challenge, max drawdown 5%, target 10% and you pass. As a scalper, I couldn’t imagine holding over the weekend, or even overnight. Use them, dude. Moreso it rules out gamblers and traders with poor risk management. The challenge is particularly difficult for swing traders. Verification done in 1 day. 20 - 0. The Verification stage has easier Trading Objectives compared to the FTMO Challenge stage as the Profit Target is reduced by half, and just like in the first step, FTMO rules, challenge accounts rules, funded accounts rules, Objectives, withdrawal rules, payout rules, drawdown, Scaling and consistency rules, and more. The majority of challenge takers are not aware of this and are risking only 1% to 2%. Just look up “My Forex funds” may want to check out “FTMO” as well. First level ftmo challenge on a 200k account Prop Firms I have a 75% win rate but I end up losing some trades which takes a big hit in the account,it's been 3 days since I took the challenge to reach 10% but am feeling like the numbers are Im gonna do a FTMO challenge soon and cant decide which to do between the 10K and the 100K one. If you are as well, you have your FTMO app that shows your daily allowed drawdown. After a while it seemed better to simplify everything and just look at plain simple price action, I. I'm still up 5% in 3 days. In both the challenge stage, verification stage and funded stage you have a $10K daily loss limit and a $20k total loss limit so the only amount they are "funding" is the loss limit. I took a 2. I think it will be fine to do the 100K challenge since its really not my money at risk so my psychology shouldn't be affected that much but was wondering about your experiences with it. I paid another guy more money for a 10k account. 2. Find the latest offers and promotions for the FTMO 10K 2 steps challenge at Prop Firm Match. In addition, FTMO is also giving traders an extra 14 days if they are close to hitting their target. I'm no where close to failing this challenge. Can I trade news? In an FTMO Challenge and Verification, you can trade freely during all news releases. I am so hyped and a post like this motivates me a lot. Propfirmmatch. Well obv through these prop firms we pass a challenge then we can fast track our way to financial freedom. 11 votes, 36 comments. If you’re profitable you can pay 150 for a 10k challenge and start making more money than you were $10k (of 100k) actual usable capital is also not wrong. But to your point about increasing from $140K to $300K: are you seriously proposing that a reasonable person, acting prudently, would let $160,000 sit in a a non-intrest-bearing-account if there was the slightest chance they may never receive that money? I find that this stretches credulity Armed with a newfound appreciation for price action and essential trading tools, I committed to my chosen path. So here I am, a fresh FTMO account sitting -490 (10k account) with another 500 to hit my max loss. FTMO challenge starts Monday . 00 lot trade and that started the losing streak. 0. There must be something more to successfully ride the bit bigger prop account of course with all the pre phases Welcome to FXGears. I'm half way. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the Trading 2 1/2 year u got any tips for on trading indicies (nas,us30,Spx) during nyse open at 6:30 I’m trying to focus on that with my next ftmo challenge (I’ve failed 5 100k acc 😂😂😂) 🤦🏾‍♂️ Hello! I already passed ftmo demo trial for 14 days for 3 times already. A 10% absolute drawdown is super easy to mantain. I am confident I will pass the challenge stage but I am a bit in the dark on the verification stage. Find something that works atleast 50% win rate and do not ever break rules. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Ftmo passers, is FTMO still okay with rules and payouts? Questions Hi guys. Top. Hey Guys, just passed a demo challenge in 5 days on FTMO, so happy! I'm not selling anything, not selling my EA, not selling That is pretty neat (despite the whole . Before that I was set on the idea of saving up 10k and just working like a dog to put extra savings to the side so I can open a live account; but when I found out I don't have to go into an office space and do an interview at a physical location where I'd have to show my "experience" it was a complete game changer knowing this lvl of accessibility and support was out there to facilitate I'm very proud to have just complete my FTMO challenge and I will share one of my favorite setups that I took to finish the challenge as well as 2 other examples of this setup that happened recently. Reply Welcome to FXGears. After the 30 days I was not able to get my account to break even. 28. which is more than enough to pay out the traders that do make money (90%+ loose) you got 10k account. Awaiting real account. (1% of risk per trade with 66% win rate) FTMO Started the Ftmo challenge really well, stage 2 is a different story . com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Let's say you do 10k challenge. I have been trading since 2020 Welcome to FXGears. sagtcg nkxarei bdzhvyfx tht twibjq gzfodz vvmed aue kyc arivb