How to pass ftmo reddit. 5k I don't know which prop firm this is, but FTMO has the highest entry barrier as far as I know (10% profit in a month). Went to the ctrader web version and tried to login with the info FTMO sent me. I just meant it as a synonym to the word "want", as in, I want to pass FTMO some day. Here are my 5 tips on how to pass the FTMO challenge and some of the thinking points that helped me keep a level Our FTMO Challenge is the first step of our Evaluation Process. FTMO has a dashboard that lists the times that the news will be released. once you pass they give you the acct, and from then you grow the account and get paid from it 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. But for the challenge, they're faced with the same problem as before. When I read this reddit there is a lot of ppl making money (or claiming) from FTMO or other prop firms, but for me it feels like some kind of sci-fi. Now we can trade through high impact news and hold runners over the weekend if we want. com Challenge!. price negotiable depending on challenge size … if I can’t pass it then you get your fee refunded (not your challenge fee only the fee for me to pass it for you) . 5% monthly, if I was trading a personal 50K account, I'd be up $9000 EOY. Took me 9 months to pass the demo version of MFF. Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. So far so good, but I got there in 8 trading days instead of the… No prop firm company wants you to pass. How to pass the FTMO Challenge with a Scalping Strategy. This is just what works for me so take what you would from it. Welcome to r/FTMO_Forex_Trading! If you're here, chances are you're looking for some tips on how to pass the FTMO. com challenge. You need to buy the challenge and then pass both phases. you pass the challenge You pass the verification. Your comment was removed because it links to a trader scouting share page that is commercially monetized. 24% pass and get payout (MyForexFunds statistics). If you pass the verification then you get a funded account with the amount you initially paid for. I've narrowed down and will share some things that stood out and helped me succeed. Passed FTMO Trial in 2 days (Happy to share tips!) i shorted a downmove and got lucky over 7 trades. No, not at all. After passing both phases, you start getting all the profit you make. a sort of that. You have to pay a fee to take the challenge, fee that is refunded if you pass. I can't find the stats on how many traders have been funded for the year 2020 in FTMO. This will help you gain confidence and prepare you for the challenge ahead. Hit the like button for more powerful content on your timeline!I hope you enjoyed the videoDaytrading & Fitness Websitehttps://payhip. After getting funded I ignored the trading plan and my psychology was in shambles. Didn't work. So if you pass, besides being a really good trader, you also need to have luck. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. But once you have the funded account, there's no reason to take any risk that will blow your account. 5-1. If it’s your first payout you will get the refund of the initial payment of the challenge as wel. I will share my system with you as soon as I get my account and trade with real money. Welcome to FXGears. In conclusion, passing the forex prop firm challenge requires time, effort, and discipline. Was surprised when the transfer hit my account wasn’t expecting it, but it’s legit. I still think FTMO is a great short term idea. FTMO. Yeah keep going on kid, you did really great. They will pay if you pass but they they don't like people passing (except for marketing). com is a platform that provides traders with the opportunity to trade with real money and potentially join their trading team. Nobody is able to make 10% per month on on a sustained basis (you would soon become the new musk). MyForexFunds is a prop firm out of Canada with similar challenge parameters as FTMO. I think it's worth it. Reddit has made some changes in their billing for API calls that effect ALL of 3rd party developers that have alternate apps. Get FTMO Passing Service from FuelForex. Related Topics Trading Welcome to FXGears. Trust the process and don’t give up. FTMO is legit and has been around for a while. I've been trading for about a year now and have been consistently profitable over roughly 1000 trades (I have my Oanda stats to back me up). Got to give it to FTMO. com, a trading forum run by professional traders. Also looking into funding talent but haven't researched it enough. By the end of this video you won't have any excu if you are good enough to pass these challenges and get a payout you really don't need to use one of these companies. People bitch about higher cost and FTMO being 'plain jane' without all the bells and whistles, but that's what makes them great. I am leaning more towards FTMO since it's popular. Or as in, "my goal is to pass FTMO some day". It basically means that if you manage to pass, you get funded and it costs you nothing. Also live account cant buy you a peace of mind since anybody would rather lose their funded account than blow their live account worth of $3. Their challenges are a bit tougher than My Forex Funds where I'm currently funded. if you end in profit on the profit split date you will get paid 80% of that profit. I've given up on prop firms now. How to pass the FTMO Challenge? AVOID These 4 Common Mistakes! | FTMO. How You guys do it? So this how the first FTMO payout went. Only 0. 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. Traders tend to forget that for some reason. Made a Video of my strategy to pass the challenge. View community ranking In the Top 5% of largest communities on Reddit. You get your funded account. Hello, good day everyone. Do your research but so far, my experience with MFF has been great. The purpose of the Free Trial is to serve our new clients to see how it works and assess their trading skills to see if they have what it takes to pass an FTMO Challenge and Verification. If you have a goal, but you're not there yet, what else can you say? Hey guys, Currently I'm doing the FTMO challenge and I got to the profit target. Nov 29, 2020 · The FTMO challenge is a hot topic and some people jump feet first into it. 3% of people pass the challenges, which is in line with reality. 4. Made a ctrader account with my personal email thinking maybe I can access the FTMO account after I get in, but still no dice. Took me 3 months more to pass FTMO demo and then they shut down for US clients. 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. Paid for the FTMO challenge and was went the ctrader account credentials. But Topstep does let you keep 80% whereas FTMO you keep only 70% and you cant trade during news events once funded. I was just about to take their paid test and then they got shut down. To help you met these Trading Objectives, with the purchase of the FTMO Challenge you will unlock a large number of our in-house developed Tools & Services to help you on your journey to an become an FTMO Trader with FTMO Account. Additionally, you need close any open positions on the pair it'll effect . Using an FTMO Challenge Passing Service. If you manage to pass all requirements, you will proceed to the second and final step of the evaluation. Step 1: The FTMO Challenge A 30 calendar day demo account where you will have to trade according to our rules. As soon as you're funded it's up to you. 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! You have missed the point by so much that it is now in an entirely new universe. M1 is made for those looking to build their wealth using powerful automation and topflight rates. seems like you guys have not understood how ftmo works. 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 losing more than a percentage of the account. Regarding account management, MyForexFunds put out some interesting statistics about their traders a couple of months ago. In the verification stage, you are given the same amount of money that you payed for in the challenge account except now you have 2 months to make a collective 5%. I have a high win rate (few trades) and risk 1% therefore In a weird way, when I treat my FTMO accounts and personal account (connected with social trader tools) like demo accounts, I stop caring so much that it messes me up. 1K Likes. You have to be profitable to be able to make money on their 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 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. FTMO is a prop firm where you can get a funded account to trade. But the more people pass and get payout the less The trading period is the same for both risk setups, and the same fee refund applies here with the first payout from your FTMO Account. Even the lowest latency available to retails is exempt. 8 days of trading, 259 trades, Profit factore 2. I was looking into Topstep FX but the weekly loss limit for step 2 is cut in half, which makes it very hard to pass. One such challenge that traders often encounter is the FTMO challenge, an evaluation process used by the Forex Traders Money Office (FTMO) to screen potential proprietary traders. 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. Trying too hard and studying too hard has diminishing returns and is counterproductive. I have tried the FTMO challenge a few days and got a very bad and unfair experience. 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 been risking more than . When considering your risk you need to use the maximum drawdown amount, not the total account size. 24% of people who pass. You will have superior account conditions in the form of our own FTMO account solution with very low commissions and raw spreads. I have my EA setup but if I would like to pass the challange i would fail on a DD because of a higher lots. . Oh stop it. I think you should have a separate system for position sizing in order to succeed. Seeing a lot of videos lately of people passing FTMO challenges on Youtube. I felt cheated and disappointed. If you're here, chances are you're looking to join the ranks of professional traders and are looking for the best way to succeed in this challenging process. Same here. Swing traders can go through a multi-month drawdown even with a profitable strategy, b How to start? Before you decide to accept an FTMO Challenge, we want to make sure that you know what you are up against. They make money solely on people not passing. The real question is do YOU have a consistent and profitable method? That is the real question. I can pass your ftmo challenge I’m only doing 5 spots . 46 :D Soooo happy Like maybe the word "hope" there sounded weak to you or something. -ftmo's business model is based on the failed challenge fees. Welcome to the r/FTMO_Forex_Trading subreddit dedicated to discussing strategies for passing the FTMO. You should give all your money in now, or even borrow some more, since, you know, 10% is so easy to get everyday. Conclusion of How to pass the FTMO Challenge. Tip 1 - On your phone or computer you should add another clock time to match FTMO's local time. 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. If you are trying to share your trader scouting stats, feel free to screen cap your stats and use imgur to share them here. If I was trading a 2M account, I'd be up $360,000. The true advantage about FTMO is that when you passed the test, you get the refund so it didnt cost you at the end. FTMO and other prop firms earn their money on people failing challenges. The subreddit has not kicked you out or gone private. Hi! I am FTMO funded. That being said, it's not easy to pass, and if you fail you lose the fee. Mar 26, 2024 · Before you take the FTMO Challenge, practice your trading skills on a demo account. Many aspirants are constantly in search for reliable methods to pass your FTMO challenge. Plus, when you pass your challenge, you get the money back anyway. AMA. On average, the pass rate for the 1st phase is 10% and 2nd phase is 20%. I've been reviewing my trades. Let's say I make 1. As you most likely know, there is no Profit Target once your trade on an FTMO Account, however, you can take advantage of our Scaling Plan to increase your balance by meeting certain conditions. The challenge is the hardest part. let me know ! Peace No. 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 for practicing purposes. With the rise in popularity of FTMO and other prop firms, there has also been an increase in businesses that provide a pass FTMO challenge service. Retail algo bots are not HFT traders. 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. My man, the fact that you passed the challenge does not mean you'll mean a shitload of money with them UNLESS the strategy you used to pass the challenge is sustainable and returns CONSISTENT profits over a relatively long period of time. In conclusion, passing the FTMO Challenge requires a combination of skill, discipline, and risk M1 lets you earn, invest, spend, and borrow all on one financial platform. Took me several challenges to pass but all worth it. They are ok with paying out those 0. If they fail, you are still out FTMO's challenge fee. It is not easy, but if you follow the steps mentioned above and keep practicing with a demo account, you will be able to pass the forex prop firm challenge successfully, but the best way to pass a prop firm challenge is to use a prop firm passing service. And there are props that deal live money accounts on A-book brokers, with no equity-based drawdow, and no maximum time 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. 5% a trade, I just feel like I have been so unlucky this whole time, I haven't won a trade so far this week and The r/GolfClash subreddit is dark from June 12th-14th in support of the Reddit Blackout Protest. 2020 Jun 12. Sorry OP but that's a dumb question. In the other note I believe in every single one y’all who are trying to make a change. It took me only 4 active days out of 20 days to pass both the challenge & verification. If you are able to repeatedly pass our Free Trial, then there are chances you can succeed in the full FTMO Challenge as well. which is more than enough to pay out the traders that do make money (90%+ loose) It's a huge improvement for day traders at least. Just 1 month ago you asked how to open a forex account with $100,and you got lucky to pass the ftmo on first day,then you think you beat the market. You don’t get any of the profits from the challenge. Utilize the Golf Clash Discord for questions and chatter. Make sure to keep your risk per trade low and avoid overleveraging your account. For swing traders, it's a great improvement too once they actually get the funded account. I mean to be honest, 10% in a month is hella lot with minimal DD. Before you can get your FTMO Account, we need to be sure you can trade responsibly and manage risk properly as, in the future, we can use your simulated trades performed via the FTMO Account when trading on our own account on real financial markets. 8 - Win rate of 55-60%. Tip 2 - Create reminder notifications for the upcoming week of all high impact news just in case. If you pass the challenge then you'll move onto the verification. 34 votes, 61 comments. Apr 5, 2023 · If taking more risk is not your thing, you can just take it easy, too: FTMO offers a 15-day extension to continue the challenge and meet the profit target. FTMO is legit, and I assume they have a lot of very successful traders. For FTMO, the two trials involve more luck that normal trading due to the time constraint. so let me clear things up: your trades never get placed in a real market. Can't go wrong with FTMO. Become our next FTMO Trader and work with an initial balance of up to How has passing the FTMO Challenge and Verification changed your life? I'm now able to trade 40k euros, so the undercapitalization problem is immediately solved, knowing that I can potentially earn my country's average monthly wage with a single trade. com/b/gUfIDGet up to $6 Aug 3, 2022 · Today I'm going to show you the easiest way how to pass the FTMO Challenge or any other prop firm challenge. Once funded you trade and make profit on an account and have $0 risk. Don't assume that just because your bot makes a lot of trades means it's high frequency. You only need to pass 8% in the first round and 5% in the 2nd to get funded and drawdown is 12%. 216,075 Views. Focus on Risk Management: One of the key factors that FTMO evaluates in the Challenge is your risk management strategy. There is no time limit within which you need to pass the Profit Target, the Trading Period is indefinite. First things first, let's start with the basics. qppxmvxraqnqllihqlbqutbgdxspbvfakijbsxymajqrihwbuwwvrdhxgx
