Ftmo challenge rules reddit Thus, it’s equity based. When you finally learn how to trade consistently and generate profits, the sky is the limit. Armed with a newfound appreciation for price action and essential trading tools, I committed to my chosen path. Holding existing trades is allowed. 70-. Our rules are designed to help you develop disciplined trading habits. 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. Take your time and focus on steady, consistent growth rather than aiming for quick, big profits. My question is if any of you guys who have passed the first… You have mentioned you're profitable on your own and with a large sample size, so congratulations. Plus, when you pass your challenge, you get the money back anyway. I have come along way! Please share your experience with trading or even FTMO :) 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. Today i finished my first phase of my 100k Challenge. -Share FUNNY Trading 11 votes, 36 comments. FTMO 's rules on news trading: Challenge and Verification: Trade freely during any news release. The challenge consists of trading with a virtual account for 10 days, with a specific set of rules and conditions. 5-1. 25 to 0. I think the amount of ppl passing the ftmo challenge and ppl who success in the markets are still on low side. Hello guys. We will be automatically alerted that you have passed your FTMO Challenge and we will proceed to evaluate your trading results accordingly. 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. However, before you can do that, you need to pass their challenge. Step 1: The FTMO Challenge A 30 calendar day demo account where you will have to trade according to our rules. 5 percent once you are funded is optimal. Can't go wrong with FTMO. If you're in the scaling plan, you get a new "initial balance" reflecting the "scale up". Another point of view, Just position yourself as new trader - passing challenge on FTMO is regarded as an achievement of some kind and you would want to brag it here. 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. I would say go for it but you won't make life changing money because of how strict their rules are. 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. The rules for the Challenge Passing help you handle risk management better. I still make the same mistake. - Each challenge was done separately, months between one and another. A lot of traders have been able to make a good living by trading full-time thanks to FTMO. to prepare you for live markets. FTMO gives a short time to make 10% profit, which means that traders are forced to trade aggressively and implicitly increase the risk of losing and by this they have their future insured for FTMO because they live off the money of those who lose their fees when they buy a challenge. There's an interview with FTMO CEO where he mentions 94%trader fail the challenge. Commissions/spreads are low and competitive. During the challenge up to 1 percent is OK as you have a time limit. No "gotcha" moments or stupid fine print rules. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. I felt cheated and disappointed. 0. 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. No discounts are provided for traders repeating the FTMO challenge and when trading objectives are violated, the trader forfeits the initial fee paid for the FTMO challenge. 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 Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. Question about ftmo challenge rules. I have a Myforexfunds live account and have recently failed phase 2 of another challenge. 1 to 3 percent is too much just a few losses and you'll be down a third if you're equity and psychology then messes with you to revenge trade. 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? No challenge is based on balance or you could start with 50k, have a trade open that’s negative like 20k, and when it goes to 55k you close it and win the challenge. 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. While taking FTMO challenges unknowingly you are paying a lot of monthly subscription fees, you may lose the challenge, re-take the challenge, get a funded account , break any of their trading rules, you will start from scratch and the cycle will keep repeating. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the Ftmo ticks all boxes, if you check reviews etc they are mainly all good ones, Plenty of people use ftmo not sure on your progress with forex but take the free trials before spending out on a challenge to be begin with and get used to there set objectives and rules 100K agressive challenge allow up to 10% DD and goal is to reach 10% profit the allowed 20K DD is considering the 10K profit already made Reply reply More replies I have tried the FTMO challenge a few days and got a very bad and unfair experience. I’ve been trading since I got out of high school 2021. You cannot open or close new trades (including pending orders) on affected instruments within 2 minutes before and after the news release. Just because several ppl bragging it here, does not mean it is so many. 8 - Win rate of 55-60%. The FTMO Challenge stage has reasonable rules, where the Profit Target is in balance with the drawdown we allow you to take. 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. 80 to satisfy those rigorous parameters. People bitch about higher cost and FTMO being 'plain jane' without all the bells and whistles, but that's what makes them great. Very happy with myself and my progress, especially that I started trading less than a year ago. The majority of challenge takers are not aware of this and are risking only 1% to 2%. I just recently got my first FTMO challenge. I explained my case, and even took the so called loss which did not equal what I was supposed to be losing. I have 2 questions: 1- When have you received your account after passing the challenge? 2- When do I receive the refund for challenge & how do I receive it? Side note: I have tried 7 prop firms since last year. You will have superior account conditions in the form of our own FTMO account solution with very low commissions and raw spreads. If you are extremely disciplined go for it. Months of rigorous backtesting, adherence to my rules, and meticulous risk management finally paved the way for consistency. FTMO Account (Standard): Restrictions apply during specific news releases. Good afternoon Traders! I have successfully passed my $100K FTMO challenge. com is a platform that provides traders with the opportunity to trade with real money and potentially join their trading team. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. - To be with other like-minded forex traders. I feel the challenge is more of a puzzle. If I were to make 10% in 8 trading days, can I drop my position size to . In order to become an FTMO Trader, you will have to pass our 2-step Evaluation Process. Hey guys. After approximately 1-2 business days, we will then send you the new account login credentials for the Verification stage. Detailed practical information on FTMO Challenge rules and tips for passing. This is my 3rd time with FTMO. We call these rules Trading Objectives. It was then, armed with confidence and dedication, that I took on the ultimate challenge. 2 account will do sell and the rest will buy In such a case, traders have the option of starting again and requesting a new FTMO challenge if they still retain an interest in being FTMO traders. FTMO. This serves as a testament, however, of how badly designed the FTMO challenge is. There is no time limit within which you need to pass the Profit Target, the Trading Period is indefinite. I quickly learned that I have to have RR sitting at . But if you start with 50k and get to 60k on a trade which then goes down to 52k you would not violate the terms as you’re not below the initial amount. . I read through the terms and conditions, but it's not very clear. I wonder if it’s possible to get 4 ftmo challenge to get one real account. 01 for the remaining trades to meet the criteria for minimum trading days? I started my challenge on the Monday and I failed in like a day because of that, It doesn't help that on my personal I swing and I let trades run loose. 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 😂😂😂) 🤦🏾♂️ WHAT I like about FTMO? 😀 For new traders, FTMO is a good place to start. tbzva ulwfe qzod krrtsy anfaqn recwjxrz ovfgg pwgpmnf jxxajf sknfkgzm
Ftmo challenge rules reddit. Holding existing trades is allowed.
