How to use ftmo reddit. com, a trading forum run by professional traders.
How to use ftmo reddit - No challenge was done in a day or a single lucky trade, all trade The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local laws or regulations. Please use the search tool before posting. In Europe, max leverage is 1:30 and in Japan it's 1:25, so 1:50 isn't bad at all. Expand user menu Open settings menu. Please direct all simple questions towards the stickied monthly discussion Hi all, long time trader here, just recently passed my $15,000AUD FTMO challenge in 2 days (lol), and was wondering how does FTMO profit from its users if alot of traders fail? To put this in perspective, I'll be speaking AUD. Let's say you trade a tripple EMA crossover strat on the 5m. Now, to answer your question, FTMO offers leverage on their trading accounts to allow traders to take advantage of larger market movements without having to put up the full value of the position. 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 People use FTMO to get around some of the leverage restraints in the US and I don't believe they have restrictions as far as nationality for signing up. English is not my first language and when you said that I didn’t knew the term in English. Now that MFF is having some issues due to their business model that involved using money from challenges to pay traders. I also needed to use the 2 extra weeks. Here are my findings: WHAT I like about FTMO? 😀 For new traders, FTMO is a good place to start. I use supply and demand zones marked in daily & weekly timeframe, trendlines and trend channels. And if the 80:20 split hurts so much, then use a funded account to top your personal one. It states "FTMO Account are NOT allowed to execute trade or close an existing trade on the targeted (as per the table) Welcome to FXGears. Just stick to the rules in then trading objectives from FTMO Welcome to FXGears. AMP uses smart contract features purpose-built for collateral to help decentralize risk. It all depends on how quickly the trade moves. Each account can scale to $400k. I’ve been trading for about 2 years and have yet to make a consistent profit. If you're wondering why a stock moved a certain way, check out Finviz which aggregates the most news for almost every stock, but also see Reuters, and even Yahoo Finance. As long as your risk is ok and your stop losses are set properly there shouldn’t be slippage. If they pass, you pay. I started a 100k toptier trader challenge this morning using mt5 via think market. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. anywayofcourse a prop firm is better than your own account for sure because with less Use this subreddit to get advice on renting or buying accommodation in the UK, or to have civil discussions about it. They have never found out about me yet so I am sure they don't communicate with each other. This subreddit has gone Restricted and reference-only as part of a mass protest against Reddit's recent API changes, which break third-party apps and moderation tools. I Welcome to FXGears. Without mt5, I’ll probably just finish out the month with the profits I have now and be done with ftmo. If the FTMO Account Agreement is successfully signed, you are given the right to use your FTMO Account in a simulated demo environment with fictitious funds. Could be 14%. Wanted to dive in and figure out how to use the platform. I think most of it 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 The Real Housewives of Atlanta; The Bachelor; Sister Wives; 90 Day Fiance; Wife Swap; The Amazing Race Australia; Married at First Sight; The Real Housewives of Dallas On a $2 million account, your max daily loss limit would be $100k and your max loss would be $200k. I went slow and small lots. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I had kind of a question for risking a certain amount in ftmo Since if you don't wanna blow it and use proper risk management,you should risk only . But I cant find FTMO chart of EU on trading view. As long as you don't let yourself go below the starting balance you won't have to buy another challenge. The relationship between an FTMO Trader and FTMO is based on the FTMO Account Agreement that we will sign with you after you pass your FTMO Challenge and Verification and create FTMO Identity. In this terms I thought about the Challenge. TopStepFX is another option but their funded account sizes are really small so I wouldn't even think about prop firms like ftmo,mff allow traders to trade with them globally. I took 1 first and get it pretty quick. Didn't work. I created an account on ctrader thinking once in maybe I could switch to the FMTO account, but still cant see where, how or if that is possible. FTMO Forex Trading Community was created with the following intentions: - To help new and professional traders learn and improve their forex trading skills as best as we can, - To help Traders know more about FTMO and how to get funded by them, - To help/guide new traders in passing the FTMO challenge and verification stage. I have just bought an FTMO challenge and I got my FTMO challenge login credentials from the clients panel. FTMO Forex Trading Community was created with the following intentions: - To help new and professional traders learn and improve their forex trading skills as best as we can, - To help Traders know more about FTMO and how to get funded by them, - To help/guide new traders in passing the FTMO challenge and verification stage Welcome to FXGears. If they fail, you are still out FTMO's challenge fee. 1% per trade or 100$ per 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 FTMO has prohibited the purchases of challenges in the U. A detailed overview and comparison of popular forex prop firms can be found here. Hello, I am new, I am trying the free trial on FTMO. the split is about 80/20 i think? but you have a pass a test to show you can trade well enough to grow an account without FTMO Evaluation Global s. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! FTMO gives you a free retake. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also I'm not saying ftmo's platforms are superior for charting (imo they aren't) what I'm saying that you should use OHLC values to place trades on the platform you use as with forex and CFDs Man, I always found with ftmo that my stops always got triggered a little extra in loss and my TPs never ever got slippage in my direction. It shows constantly growing equity in strategy tester which I like, but later I just started to use it less often and just to confirm entries. Ive had a load of questions over the past few weeks from people asking me advice and general pointers on what to do after posting my FTMO challenge results. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! You only need to earn 2. Does FTMO use 3rd party registered and legitimate known brokers or are they in house broker ? ! Is simple , as traders for us to choose prop firms thats the biggest red flag , i am with a prop who uses 3rd party broker ( thinkmarkets ) is nearly impossible they can manipulate the market at all so is ok to work with these props. It states "FTMO Account are NOT allowed to execute trade or close an existing trade on the targeted (as per the table) 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 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 I admit, it can be seen as overly enticing to new traders thinking they're going to make easy money without having to put in any work, but the consequences of someone without a XRP is the fastest & most scalable digital asset, enabling real-time global payments anywhere in the world. Its possible to choose my leverage between x1 and x20? About the Position We use several liquidity providers with DMA (Direct Market Access) execution model. does anyone have knowledge about it I was looking at getting a funded account, to use alongside my live account that i use with my own money. green cards, raids, deportations, etc. I may suggest taking advantage of ftmo’s scaling plan for awhile first. So obviously, there’s something wrong with the strategy. IMO, FTMO has the Okay let me just ask if it's possible to open a ten lot trade. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! As long as you are a US citizen, regardless where you live in the world, you will not be able to use FTMO. FTMO & MFF Funded certificates Doing new ones this year follow my journey! u/wannabechampfx ADMIN MOD • The Secret to Passing ANY Funded Challenges using this 3 Step Strategy, sharing the strategy breakdown, the psychology and the thought process when doing a funded challenge. FTMO positions itself as a gateway to financial independence for This FTMO review guides you through the FTMO Challenge, including the signup process, member dashboard and trading platforms. For FTMO, the two trials involve more luck that normal trading due to the time constraint. FTMO mode increases lot sizing and stops trading after a number of days. Soft breach is when you momentarily dip below the allowed loss limit, but don't worry, it's not game over!. FTMO has prohibited the purchases of challenges in the U. That sucks. Wtf is going on? I'm creating this post to start a general discussion and see if anyone would know why this would take place? Obviously prop firms are not for the long term but many people use them as a way to build personal accounts and to actually start a solid way into trading During the weekend that has just passed, FTMO announced their account type known as “FTMO Swing” which allows traders to trade news and hold trades through the weekend. On my FTMO account under credentials with the login ID and password it also says platform DXtrade. In this post, we’ll provide you with Use smaller and proper size every single trade. does not provide any of the investment services listed in the Capital Market Undertakings Act No. I'll hold anywhere from a couple hours to a couple days. yea most of the people go there because they see 80% profit split and they are like: woaabut you have to think on long term. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Here is an FTMO discount. I went onto FTMO, as from what ive read and heard, they are ok, and i have signed up to their free trial to try their 70,000 account. In this comprehensive review, we will delve deep into the various aspects of FTMO, including its evaluation process, account types, payout system, and more. If your topic is related to anything about trading in In my first try I got more than 5% profit, so I could use the 2 extra weeks. Am I gonna get suspended in the future? I'm almost through the 200k challenge and my consistency is looking promising. I want to start the 10k FTMO challange but i am scared of the Max Daily Loss what would be the best lot size that i can use to For the last week, I've been on a trial with FTMO, and have noticed their variable spread ranges massively. r. You only need to pass 8% in the first round and 5% in the FTMO is a prop trading firm. My question 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. Hi! I am researching prop firms and I want to know what broker FTMO uses & what is the slippage for crypto trading. For beginner advice, brokerage info, book recommendations, and more, please read our Wiki here. FTMO is legit but definitely avoid non reputable too good to be true prop firms and look at the broker they use toothat doesn’t mean I haven’t ‘wasted’ literally thousands upon thousands on challenges with ftmo. I have downloaded the cTrader from the FTMO website and I tried to login with the login credentials from my FTMO account but it failed. If you believe this was a mistake, please kindly message the Doing well maxed my funding on FTMO, I see that as a bank now lmao, currently doing the prop firm challenge and using a trade copier to mirror my entries onto my ftmo accounts, and US30 only I made the switch to this around 6 months ago So to them, it is a completely risk free business. When considering your risk you need to use the maximum drawdown amount, not the total account size. I’m currently using Maven, and have received payouts Thanks for the transparency regarding the attempts before you passed. r/Bogleheads The daily dd ain’t even bad you should not even be going 5% deep on a trade anyways with proper risk management. Taxes is the whole point. 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. With that said, if I could open say an FX account in Australia, I'd say 1:200 (up to 1:400 is allowed in Australia) would be a good all-around leverage amount to have but not necessarily use. Does it Im currenty in supreme status at FTMO and still a active daytrader who lives from payout to payout. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Thats why View community ranking In the Top 1% of largest communities on Reddit. Sometimes even watching the acceptance interview will have an entire trade plan hidden within. If they believe in you, then they put you on an actual live account Ftmo is good for scalpers and you need luck because is kinda hard to make 10% in 30 days without luck. The prop firm will control the account at the We do not require you to use a Stop-loss (although it’s generally advisable to always have certain safety measures in place) and the maximum volume per order on Forex is 50 lots. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I think this goes against FTMO's user agreement and ToS. K. Most importantly, have fun! Your trading journey is a 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. so does anyone know if trading forex with their capital is legal for an Indian citizen and we're not violating any fema or rbi rules . Balancing FTMO challenge and job, August trading I use the 4h chart to draw resistance, trend lines, 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 A place for redditors to discuss quantitative trading, statistical methods, econometrics, programming, implementation, automated strategies, and bounce ideas off each other for . I have been doing this for almost a year and now I’m using 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 This was my first time using Meta4 under FTMO. It's up to the broker you use with that prop firm if they scam you or not. We also take a closer look at the evaluation process, trading I use Daily, 4 hour, 15 minute for analysis, and 1 minute for entry. Vendors receive payments in fiat. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We 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. There are some news event which you run the risk of violating your account if your SL or TP gets hit within 4 minutes of the news being released or something like 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 Like the market owes me right. sometimes accidentally placing the same stop losses. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I’ve used a bot and passed the FTMO challenge, the bot is bot mine but I purchased it and everything has been fine. Please participate in other subreddits (other communities on Reddit) to increase your Comment Karma points. If you would like to combine your individual FTMO Account into a single master FTMO Account, we can do so upon request. I can't find the stats on how many traders have been funded for the year 2020 in FTMO. 000 account) and 30x Leverage, so I risk 1. I trade a live account with ftmo for a while now and never experienced any bad slippage. I think a lot of people don't realize that many of the traders that pass the challenge fail to make their first withdrawal because they fall off after getting funded. So you put a deposit / security payment of $230AUD, to start the challenge, but can lose a maximum of $1500AUD The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local laws or regulations. I have 2 ftmo challenges under the same account and I've been scalping on both accounts placing similar trades a minute or less apart but with different stop losses. Tip 2 - Create reminder notifications for the upcoming week of all high impact news just in case. FTMO doesn’t have time limit anymore, so I would decrease risk even more, risk so little that you can easily lose 20 or more trades in a row. After you sign up, you can either start an FTMO Challenge right away or, as we usually recommend, start with our Free Trial, which is a free version of our FTMO Challenge intended If you intend to use trading robots (Expert Advisors – EAs), keep in mind that if you use an EA from a third party, there might be other traders already using the same EA and therefore exactly the same strategy. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I'll use Of course it’s possible. This rule is in place to ensure that an ample audience can freely discuss life in the Netherlands under a widely-spoken common tongue. View community ranking In the Top 1% of largest communities on Reddit. The difference between FTMO Account and FTMO Account Swing is that, in the second one, you can trade through news and hold trades over weekends. The subreddit has not kicked you out or gone private. The lack of notice from Reddit, exorbitant pricing and terrible official apps are unacceptable Welcome to FXGears. 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 Edit: this is my first 9 days with real money after passing the FTMO challenge / verification steps. I heard that mt4-mt5 is getting permanently banned for all USA clients. What are FTMO Points and how can I use them? How do I qualify for the Prime Status? Is the Premium Programme compatible with the Scaling Plan? Can I merge four $100k FTMO Accounts into a single $400k FTMO Account to apply 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. % doesn't matter if the trader isn't using any money management. You can trade your FTMO Challenge, Verification, and FTMO Account on some of the most popular retail platforms – MetaTrader 4, MetaTrader 5, DXtrade, or cTrader. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also Welcome to FXGears. I tried using their support chat, to be honest I don't even know if the person I talked to was outsourced or And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. Utilize the Golf Clash Discord for questions and chatter. Remember to take it once you have an experience and well built system. I guess the main questions are- is that the best way to do this, should I just hire a CPA (suggestions?), and are any of you trading for FTMO/how are you paying your taxes (if you are US based)? Whereas the market orders on ftmo (not all but some) have had insane slippage. During the retake, I took it easier, as I knew that time could be enough. I should add I have also passed a few times too with them. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. The information on Hi! I am researching prop firms and I want to know what broker FTMO uses & what is the slippage for crypto trading. Also, i created a script which i don't even need to look for entries, it does all for me and i enter when i get the alert from tradingview ahahaha it's so beautiful to avoid looking the charts and spend my time for it. Welcome to FXGears. I guess the main questions are- is that the best way to do this, should I just hire a CPA (suggestions?), and are any of you trading for FTMO/how are you paying your taxes (if you are US based)? Welcome to FXGears. In my FTMO review, we discuss FTMO’s features, pros & cons, and costs. Prop Firms Hello, I would like to start two challenges with two different prop firms, FTMO and The 5%ers. The commission on FTMO accounts is only 3 USD/round-trip/lot on Forex, which is well below the Even harder for swing traders. If you believe your strategy proven to be VERY consistent, then my simulation might catch up to reality. Please remember: Reddit IS NOT a replacement or substitute for a qualified solicitor, and any advice given here which relates to the law is purely academic in nature and should not be relied upon. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I am in the process of starting a LTD company in the U. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! Can I use a trade copier on ftmo . But they do not provide any more details. I usually risk 10 dollars In a thousand dollar account while using 1 or 0. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Forgive me but wouldn't it have been wiser to take up the challenge with the biggest account like for eg. It’s surprising how fast the account can grow, 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 Its possible to use x5 Leverage in FTMO? The Swing account has x20 Leverage but I want to use x5 Leverage. The working hours during the I'm unclear if ftmo mode is for running the challenge or for enabling all prop firm settings. So please if you don't have a LTD company for trading or are I personally think FTMO is the better option due to not having to worry about those lot size restrictions that 5%ers imposes. If I had to say there is 1 particular concept I use, it's looking for price manipulation that happened during the day and In this article, we will reveal a few tips to help you pass the test quickly and successfully and win a job in a global company. I use a discretionary strategy but contain it with SLs Welcome to FXGears. By using a third-party EA, With FTMO I’m fairly certain there are restrictions on certain news evens across relative pairs. There is no simulated profit due for withdrawal. Don't panic towards the end of the challenge to meet the profit target by risking more. 256/2004 Coll. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I think the only two I would dare touch would be FTMO and 5%ers. Projects like Flexa use Amp to secure transactions and build networks securely and transparently. The max daily loss is the thing you need to watch out for. IMO using a funded account when you know you can be Welcome to FXGears. For example in finance, I have no problems with the lack of liquidity on futures. I dislike the drawdown rules but I understand they are there to kind of protect the trader and to get them thinking about risk management. 5-1. But once you have the funded account, there's no reason to take any risk that will blow your account. 000 for a position, and for Stop Loss I would risk 2% (600usd) to 3% (900usd). Some people like to go with more trusted options. . The ctrader credentials ftmo sent me do not work when I go to the web version and try to login. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! As a Welcome to FXGears. 000 x 30 = 30. How does it work?. Additionally, I setup fibonacci extension for 4 hour & daily. But here is the problem: is FTMO using the same business model ? Especially because they claim they use their risk management for demo accounts connected to live markets. Renewal is like hitting the 'refresh' button on your trading journey with FTMO. FTMO's 70/30. Let's say some other trader in another part of the world also happens to trade the 5m EMA crossover strat and takes the same trade as you. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I passed yes ofc they could get lucky, i think thats why they put the verification stage in as the 2nd stage, because then you would have to get lucky twice (albeit the 2nd stage is a bit easier) And yes Hey dude you don’t have to be that way. we're just providing our services to some foreign company and they're paying us. Using XRP, banks can source liquidity on demand in real time without having to pre Real I got my fee back, also the first profit. When I realized that I'd not manage to get more 5%, so kept the account positive, to be able to use the retake. 5%+ per month to scale up the accounts every 4 months with ftmo (maybe other firms also). Surely that 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. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Currently I'm doing the FTMO challenge and I got to the profit target. Regarding account management, MyForexFunds put out some interesting statistics about their traders a couple of months ago. r/Daytrading A chip A close button. I used FTMO in the past and they are legit, I was able to withdraw and everything but I had to change my Welcome to FXGears. A small $1k-2k buffer would make sense if you’re aggressive, but I would never leave any sizable amount where it didn’t earn at least a FTMO isn't all sunshine and rainbows, but they have the risk rules in place to protect you (and to protect their money). Trading is hard. Log In / Sign Up; Advertise on Hey u/Smooth_Fly6155! 😎🚀 . com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. One of the first question any broker asks I consider myself in between day and swing. They aren’t a broker, they use an institutional liquidity provider. Tip 1 - On your phone or computer you should add another clock time to match FTMO's local time. 50 lots. /r/immigration is protesting Reddit's API changes. If your topic is related to anything about trading in Nepali stock market, it belongs here. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! So I Welcome to NepalStock, a sub-reddit dedicated to investment, trading, Nepali capital market, research, technical & fundamental analyses. 1%-3% max but I think 0. The amount of Which platforms can I use for trading? You can trade your FTMO Challenge, Verification, and FTMO Account on some of the most popular retail platforms – MetaTrader 4, MetaTrader 5, If you’re a trader who looking to pass the FTMO Challenge and win the Funded FTMO account with real money, you’re in the right place. My top picks are MFF and FTMO. Upon successful completion you can get an FTMO Account with a balance of up to $200,000. ***Due to reddit API changes which have broken our registration system fundamental to our security model, we are unable to accept new user Hi! I am new in forex and I am trying to study the rules of FTMO. For me ftmo is not the right firm, it has some huge rules in my opinion. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! FTMO has been in business reliably for over 8 years as a prop and longer as a broker I believe. I still can’t quite figure out how the daily loss works. com, a trading forum run by professional traders. FTMO companies do not act as a broker and do not accept any deposits. We also delve into the evaluation process, the educational resources available to traders, and the For traders focusing on developing and using automated trading systems it means that MT5 is faster and more efficient in testing strategies by using a multithreaded approach and the ability to test multiple currencies at once. You just need to get used to the larger figures. I use top down analysis at the core of my strategy. /FTMO Evaluation US s. (+ liquidity available for that broker). Most of the time one of our team members I'll put it in the way I look at FTMO. The r/GolfClash subreddit is dark from June 12th-14th in support of the Reddit Blackout Protest. But after I get You can trade your FTMO Challenge, Verification, and FTMO Account on some of the most popular retail platforms – MetaTrader 4, MetaTrader 5, DXtrade, or cTrader. The leverage is only 1:30 instead of the usual 1:100 however it is easily compensated by trippling your lot size. I like using tight stop losses in order to get high RR trades so 5%ers just wouldn't work with my trading style. It means you're getting another shot at conquering the challenge and reaching the profit target. The payouts are real, but they're paying you with profits that they make from other funded traders who lose money. 976% passing rate. I’ve hopefully learnt something from all the pain however. For example, if a trader wants to buy 1 lot of EUR/USD, which is worth 100,000 euros, they would need to put up the full value of the position without In the same way that most forex brokers will bet against you until you've proven to be consistently profitable, FTMO doesn't give you a real account at first. Reddit has made some changes in their billing for API calls that effect ALL of 3rd party developers that have alternate apps. AMP enables cryptocurrencies like BTC, ETH, and others to be used to pay for goods and services. Not at all. I think a lot of people don't realize that many of the traders that pass the challenge fail to make their 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 Welcome to FXGears. But don’t rely on it solely. S. It sounds simple but please don’t underestimate it. I got through the whole process: First and second phase of challenge, retake, 2 weeks extras, etc I'm a swing trader looking for a funded challenge, FTMO seems the most legit, but I'm not too sure if it's appropriate for swing traders? I hold trades generally for 2-3 days (average 1-2 trades per FTMO doesn't have data for tradingview which is mindboggling, but which data on tradingview can we use for the best resemble that we see on MT4? Seeing a lot of videos lately of people passing FTMO challenges on Youtube. for the purposes of receiving trading income from FTMO. Thanks for your time! Welcome to FXGears. First of all I would like to know from people who had any experience with these two, if they are both allowing to copy trades between account on different prop firms. 22 votes, 24 comments. Additionally, you need close any open positions on the pair it'll effect . During the weekend that has just passed, FTMO announced their account type known as “FTMO Swing” which allows traders to trade news and hold trades through the weekend. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Well, maybe you don't know how FTMO works, but basically FTMO are providing financial services to financial institutions, banks and personal investors including investors in FTMO and the owners themselves and the good traders are 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. More posts you may like r/Bogleheads. Most people only lose the challenge because of too much risk and therefore the mindset takes a hit. Made a ctrader account with my personal email thinking maybe I can access the Slippage only occurs over night with stocks or on the weekends with indices and forex. With FTMO, to get your 70% profit share, you have to invoice them, which I would do from my LLC (once I create it). com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! so i opted to No what I meant, is for example when you first start trading they'll pay you from the money they make from evaluation fees and if you are a profitable trader then they'll start copying your Moving further along that line of thinking, if you were to trade for 3 months, you'd take home more money using FTMO @ 80% including the time taken to pass the Challenge , than you would Welcome to FXGears. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! FTMO uses their own data and you will have to get details from the account and connect via the MetaTrader Apps. It states "FTMO Account are NOT allowed to execute trade or close an existing trade on the targeted (as per the table) instrument in the window of 2 minutes before until 2 minutes after the release of the below news announcements. I'm not a funded trader and I'm not sure what Funding Talent's spreads are for instance in comparison to FTMO's broker. Get app Get the Reddit app Log In Log in to Reddit. The offered technical solution for the FTMO platforms and data feed is powered by liquidity providers. Overall for signals and strategy I use Oanda data as I trade Hi! I am new in forex and I am trying to study the rules of FTMO. Check it out guys it’s a nice strategy. does anyone have knowledge about 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. Reply reply Top 1% Rank by size . If you pass it, you get funded. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I just recently got my first FTMO challenge. So far so good, but I got there in 8 trading days instead of the minimum of 10 trading days. While you're at it, read through Reddit's "reddiquette" here. Went to the ctrader web version and tried to login with the info FTMO sent me. You are trading with their money with the intent of producing a return against the market. The main indicator I use is EMA to strengthen the candles structure and it's a good indicator for me to Congratulations on your FTMO challenge bro If I might ask , which session do you mostly trade ? I am currently trying to figure it out which session I can use efficiently with my work 5AM to 2 PM & sleep schedule !! I notice one of your trade set up you shared in the comment and I am try it out . If you usually make 10% in some days as gamblers do, yea then it is worth it, but if you take trading like a business and professionally then is not worth it. to main content. 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. Wtf is going on? I'm creating this post to start a general discussion and see if anyone would know why this would take place? Obviously prop firms are not for the long term but many people use them as a way to build personal accounts and to actually start a solid way into trading Welcome to FXGears. The combined FTMO Accounts need to be at least at their initial account balance to be merged and meet the following conditions: The FTMO Account is not in drawdown. As a full time worker, my strategy is set and forget for a few hours, with minimal FTMO is a prop firm where you can get a funded account to trade. Wouldn't matter if they don't have money management plan. MyForexFunds is a prop firm out of Canada with similar challenge parameters as FTMO. true. I think a post like this is a good opportunity to highlight that the repeated failed tests that people take on FTMO are their Welcome to FXGears. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I’ve got a few trading buddies who are apart of FTMO although they all use mt4 hence why I’m asking around online. Only English should be used for posts and comments. So if you want Welcome to FXGears. I’m purely using stop limits now. You can trade all the instruments and FTMO developed a 2-step Evaluation Process to find trading talents. For example in finance, I have no Welcome to FXGears. Sort by: Best. Open menu Open navigation Go to Reddit Home. I never had problems at FTMO. US Welcome to FXGears. 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. Virgin Islands) are not allowed to use MetaTrader Paid for the FTMO challenge and was went the ctrader account credentials. So good trader = guaranteed funding from prop tbh many people Send them an email or use the chat feature to find out. Kinda hard to draw on MT4. Take your time, bad losing streaks happen to everybody. You can bounce back and continue trading. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I'll use those profits to head back over to FTMO as soon as I can. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Just Welcome to FXGears. For immediate help and Welcome to r/DayTrading!. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. I was just wondering how people feel about this as these two things were the only “weaknesses” FTMO had in comparison to other prop firms. /r/Altcoin is one of Reddit's original cryptocurrency subreddits, started 10+ years ago! Altcoins are Just received this email from FTMO. FTMO basically, made a two-step process to check out your trading performance. US nationals/residents including the US overseas territories (Guam, American Samoa, Northern Mariana Islands, Puerto Rico, and the U. In my first try I got more than 5% profit, so I could use the 2 extra weeks. 4^x) where x is number of trial, 5 trial yields 98. With low passing rate ~60% for 1st stage, you can definitely try few more time, using normal distribution, you should pass FTMO with rate of (1-0. o. During 13 votes, 19 comments. I enjoy playing swings using RSI, keeping in mind support and resistance and the higher TFs. This was my first trading day Hi! I am new in forex and I am trying to study the rules of FTMO. FTMO Challenge, done for the week. FTMO has a dashboard that lists the times that the news will be released. You’d literally have to be a moron to lose the account at that point. Furthermore, content and discussions should contain topics concerning daily Seeing a lot of videos lately of people passing FTMO challenges on Youtube. I am on the one minute timeframe. Remember what time zone you are in. Was also using channel breakout on 1 min in TradingView. Please leave your thoughts in the comments. Your first goal for the day is developing good trade ideas, a close second How about a Free Trial? We offer a Free Trial account, which is an abridged version of an FTMO Challenge. Buy, sell, and trade CS:GO items. " 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 It appears this thread is about Prop Firms and Scouting Programs. Do my statements make sense? If yes, why would anyone not go for a swing account? Welcome to FXGears. 200K on FTMO? At that point 1% is 2000, and 10% is 20000. I placed market order on gold at peak London session and the line of execution on mt4 was literally not even close to where the candle was showing. 8 - Win rate of 55-60%. news announcement would carry certain rules around trading the event. The purpose of the Free Trial is to serve our new clients to see how it works and There are tons of people who post their exact strategy used to pass FTMO. I’ve been funded by ftmo for a couple years and I remember being bummed when cTrader was discontinued in the US. prop firms like ftmo,mff allow traders to trade with them globally. Open comment 1:50 leverage is fine and plenty for most people. While I don't think the IP thing will be an issue (I imagine they have a lot of people running an EA on a VPS and also 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 information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local laws or regulations. Welcome to NepalStock, a sub-reddit dedicated to investment, trading, Nepali capital market, research, technical & fundamental analyses. Then took 2 in the same time, spent little bit longer. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. And I was wondering which is the best data provider on TradingView, to use for FTMO? Also, I have noticed the price on MT4 from FTMO server is a few minutes delayed, anyone else experienced this problem? And the last thing I started this challenge a bit sometime ago, on Dec 20. 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. My trading plan using the Swing FTMO account, in terms of how I understand Crypto Futures, was trading BTC using 1% for position (100. They are also large enough to offer their own brokerage along with your FTMO is it's own broker, I've asked that recently and that's what they replied. Their challenges are a bit tougher than My Forex Funds where I'm currently funded. a sort of that. Thanks Share Add a Comment. it don't help you with nothing Your comment was removed because it links to a trader scouting share page that is commercially monetized. so does anyone know if trading forex with their capital be legal for an Indian citizen and we're not violating any fema or rbi rules . FTMO pays out there traders, yes it's true that they make a lot of money from failed challenges but the reality is it would be strange if they didn't. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything Not if you use two different prop firms. Reply reply Welcome to FXGears. - To be with other like-minded forex I am wondering if anyone is using FTMO from the USA using another citizenship and DX trade platform as mt4/5 are banned. For example, a U. FTMO has carefully calculated and set up targets which are unrealistic, high chance for even a good trader to fail, to make 10% in 20 trading days (1 month) you are forced to open larger lot sizes to meet the target but when you do if market goes the other way only a little bit you end up failing the challenge because of the 5% daily drawdown rule, odds are basically against you, 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. If you are trying to share your trader scouting stats, feel free to screen cap your stats and use imgur to share them here. FTMO is legit and has been around for a while. yiil rhoa yqkpk qfpij hkuh ttcfzx rykfhzol crca bhapqqi wtbkm