Best ftmo challenge reddit. So, for example a common challenge is to do 8% in a month.

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