Ftmo 10k challenge rules reddit. 17 votes, 38 comments.

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

Ftmo 10k challenge rules reddit My equity curve: https://ibb. 01 lot size trade once every day for 10 days , and the Max you’d lose is maybe $1-$2 Posted by u/[Deleted Account] - No votes and 22 comments I say no. 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. 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. I have been trading since 2020… Stop taking ftmo challenge. 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 have 10k in your account, you are allowed to lose almost 10k and if you make 10k then you have made 100%. In the Client Area, you can select your FTMO Challenge based on the Account Balance, Account Type, and trading currency of your FTMO account. Just had the largest payout I saw of 150 k to someone. 17, giving me an average RRR of 1. 20 - 0. Welcome to MarketScreen – Navigating the Financial Markets Together! 📈 MarketScreen is your go-to subreddit for discussing everything related to stocks, trading, and investment strategies. I had 13k in drawdown and about 6k in losses. Can you share your experience? Withdrawal process with diff payout 11 votes, 36 comments. Start risking 0. 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. Hey since the max allocation is 400k for FTMO. I am very risk averse so 2% per trade is high for me. You can choose an account size of up to $200,000. However, before you can do that, you need to pass their challenge. The Funded Trader, My Forex Funds, & Ment Funding. I feel I was lucky with the first phase 1 challenge, but the second phase 1 challenge took 23 trading days. - Each challenge was done separately, months between one and another. com's Reddit Forex Trading Community! Here you can converse about… Welcome to WoWnoob, where we encourage new players and veterans alike to ask questions and share answers to help each other out. 1%-3% max but I think 0. If you go for the 5k and lose $40 it’s no biggie considering the opportunity. 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". 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. I can make 10+% per month on a good month, but to have 10% average would require too high risk. I've profited 2k doing this. My psychology is good and I rarely face FOMO and break my rules when trading. Our trading challenges provide virtual funds ranging from $10k to $200k, allowing you to practice and learn in a risk-free environment. You never get fundet with Real money, you always papertrade. To hit your 10 day minimum trading days litterally enter and exit 1 trade a day at like a $0. 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. This way you get a better grasp of your strategy and you understand FTMO rules. I'm planning to get 100k usd funded account since yun ung talagang pinractice ko. Getting funded 10k accounts means you have more margin/volume to trade. I have to make this 500 back before I can even think about getting paid. One week goes by and you've lost 8K and have made $0 profit. You'll keep failing. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. Thepoint is your actual risk capital is NOT actually $100k but rather it is $10k with FTMO. I love practicing with these challenges. Theoretically you could complete the entire challenge in a couple of days if you are good enough or get extremely lucky. Spend like 40-60$ and get a 5-10k challenge. My challenge ends tomorrow. 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. If you’re really determined then plan on trying out the challenge X number of times until you get the hang of it. My win rate decreased because of the pressure. Just some notes you have 5%Drawdown of 10k. 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 agree. 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). Also think about it. Hello! I already passed ftmo demo trial for 14 days for 3 times already. Well obv through these prop firms we pass a challenge then we can fast track our way to financial freedom. 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 don't waste money on challenges. I learned a lot in the past months, backtested a lot every fucking day mate. Also, these restrictions don’t apply to FTMO Traders having the account type set to FTMO Account Swing. There are always new opportunities the next day so don't overtrade and accept losses. 000 USD account and trying to pass challenge step on ftmo, it means, you have daily %5 DD, total %10 DD. As you know, majority of the prop firms offer challenges in these equity sizes; 10k, 25k, 50k, 100k, 200k, etc. Posted by u/melihanaz1 - 3 votes and 2 comments 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 So 1st day got 862€ profit. I passed the challenge this is my first 9 days with real money, 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 155 euro ? Correct me if im wrong . Most people tend to still take the initial capital before entering the trades (let's say 25. The FTMO Challenge stage has reasonable rules, where the Profit Target is in balance with the drawdown we allow you to take. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. Not everyone has 10k lying around to use for trading. 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. ‍ Trading Objectives ‍ Same thing happened with my first ftmo challenge, I was £700 in profit. I took a 2. 6% and I've almost failed the challenge, I'm not sure how to get out of this but I might need some advice, do I carry on with my strategy and hopefully get 2 wins in a row or do I risk it all with wow congratulations! I'm starting with the 10k and once I pass this challenge and verification I'm gonna go for the 50 or 100. Wish me luck. 5 lots, depending on my confidence in that particular trade. 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 There are others like TopStepFX and Fivers. But it is good for good traders with 0 capital (minus the $400-$600 you might have to pay 1-4+ times). But the guy blew three accounts in a row. 17 votes, 38 comments. If I get in . anywayofcourse a prop firm is better than your own account for sure because with less money you can gain more Posted by u/[Deleted Account] - 5 votes and 3 comments You pay to take a Prop firm challenge . 2nd day exceeded my max daily loss of 500€ besides I had 862 from the 1st daydoes this rule make sense? PS: this is just a trial, just testing some strategy, but one thing I already learned, use small lot sizes and never more than 50% of your margin, otherwise you will fail sooner or later. Reply reply Efficient_Loan_7577 Posted by u/3L_D3M3NT3_YaC0 - 47 votes and 22 comments 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 . AM I gonna see that anytime soon or do I have to wait for step 3 of the process. 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 OtherwiseSomewhere19 Apparently this is all right under FTMO rules. Once I turned 10k demo to 11k gaining 10% I bought the challenge. TL;DR: Your FTMO app shows your daily allowed DD after every new trade. We call these rules Trading Objectives. To pass a propfirm challenge you’re required to have a total return of around 13% (usually 8% phase 1 & 5% phase 2). Adhere to the rules and practice safe trading. If you had 10K to trade, you are better off trading your own account. So in this case, it just makes more sense to go the FTMO route. 50 I'll allow a 100 pip move against me. Both verifications took me more than 30 calendar days I believe slow and steady is the way to go with ftmo. Reply reply More replies Max loss was supposed to be 20k. com's Reddit Forex Trading Community! lets say 1,000 people take a 100k challenge for $500 I like FTMO but they have the dumbest rules 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. Hey guys. If you lose 3 trades which is 300 dollars in a row the strategy isn't working. Overall, I was still roughly 7% in profit. But if I was to start On a 10k account they profits would be divided by 10 so a £400 trade would only really be £40 on a 10k account. 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. 200k more to go. 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. Just use 10k as the example. 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 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. Well lets say you have 10k, imagine how long it would take to build your account up to say 100k. 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 funded trader is new but has great reviews. With $10k that would give you $5M in buying power which is still more than I enough to risk that same amount of money with essentially the same amount of risk capital. Most of the people who pass the challenge do so through sheer luck. anyway back to math, i will consider the FTMO 10k account for simplicity. edit 10 months after the post: After failing 7 different My Forex Funds 5k accounts I finally passed my 8th try with a 10k. 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. Entry cost: $495, refunded upon passing. 22 votes, 24 comments. Our Challenges simulate real-world trading conditions by utilizing a demo trading environment. You're not risking putting 100k of your own money into a live account. Strategy is scalping during high volatility moves, waiting for the big boys (Urban Forex follower here) to take action and follow their move. I'm no where close to failing this challenge. So here I am, a fresh FTMO account sitting -490 (10k account) with another 500 to hit my max loss. 8 - Win rate of 55-60%. 5lot on 500$ is quite alot of risk. Ftmo is good for scalpers and you need luck because is kinda hard to make 10% in 30 days without luck. ps. What does this mean? I already got the message saying my daily loss has been breached and to email FTMO. My question is when you do A prop challenge lets say beginner 10k with 100 to 1 leverage. Each challenge is associated with a specific risk level, either Normal or Aggressive (now discontinued). This information is not shared however, but the rules themselves are pretty easy to survive if you're good at managing risk. I've put my affiliate link below but I whole heartedly recommend them and am doing their 100k account challenge at the 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. Mind you the max that I have lost is 1% per trade. com is a platform that provides traders with the opportunity to trade with real money and potentially join their trading team. My question is if any of you guys who have passed the first… 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. It's hard as I started ftmo challenge and my Forex funds challenge and in 1 week I passed ftmo. Essentially, the challenge is free if you succeed. 000) as their calculation-basis and call funding firms a scam because their account balance never went under 20k (25k Hi guys. 600 Dollars (27k - 20%). So I just recently opens a ftmo challenge account for 10k. Now my trader psychology is going off. There is no time limit within which you need to pass the Profit Target, the Trading Period is indefinite. The daily dd ain’t even bad you should not even be going 5% deep on a trade anyways with proper risk management. Let's say we have a broker offering 1:500 leverage. Now I'm trading the 15k AUD challenge and currently at negative side -50%. The majority of challenge takers are not aware of this and are risking only 1% to 2%. Currently undergoing the FTMO 10k Challenge phase 1 and safe to say I'm still in it. Despite taking 26 trades, my equity is $9,995. You could do it twice to be sure. 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. Has anyone ever encountered problems after passing the challenge, like breaking an imaginary rule and whatnot or any payout problems? Thanks! Just hit 9% profit within a week after hitting 10% within only 2 weeks. 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. gg/wownoob --- Before you post, please do some Google searching to find answers and to avoid asking a question that has already been asked here. 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 The only Trading Objectives we require you to respect are the drawdown rules (Maximum Daily Loss and Maximum Loss), which are the most important rules we care about as these are the fundamentals of trading and we may use data on your simulated trades to perform our own trades in real financial markets. Honestly for me its not worth all the rules they have, I’d rather just use my $7k+. After a while it seemed better to simplify everything and just look at plain simple price action, I. 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. Not trying to be offensive, but it was dumb to keep trading let alone without a stop-loss at less than -$500 or without keeping track of how much you were down for the day. Like I have had a few 100k demo accounts and always have turnt them to like 200k before they reset automatically . Welcome to FXGears. Do you calculate your 1% risk on the 10k or on 10k x 100 leverage? Countless YouTube videos, Udemy courses, Google searches. I'm doing the 10k challenge and I'm only risking $75 per per trade. In addition, FTMO is also giving traders an extra 14 days if they are close to hitting their target. The 2 major drawdown periods are plain and simply my fault. For me personally it is too much. I over traded and just went in complete denial over the fact that I had just lost a substantial amount. You pay 100$ to get 10k fake capital but you are only allowed to lose 1k at any given time. He also blew the account. in the evaluation stage I made a profit of 5000 with goal being 1000. I prefer the short and sweet trades that bounce up quicker with say 8 lots Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. Example: Max drawdown is 10%, you start a 100K account so you can only lose 10K total or you fail. Sometimes we have bad days but one good thing I never did was increase the lot size. Unlike the FTMO Account, the FTMO Account Swing does not have restrictions for news trading nor holding trades over the weekend. This offers more room for loss compared to the other options, but has a higher entry barrier due to the multi-step process. e impulse, corrective, impulsive etc. 69 votes, 33 comments. 210k down. 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. Reply 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. I felt cheated and disappointed. Thanks heaps. Challenge: Two-step program requiring 8% profit in step 1 and 5% profit in step 2, with max loss of 10% and max daily loss of 5%. Once u pass everything and you become a funded trader there’s no Fixed profit target at all, but I think they require you to trade for at least 10 days per month, but if u didn’t wanna trade 10 days per month u could just place a 0. FTMO is a prop firm, you can pay a fee to be evaluated to earn capital (10,000 up to 100,000). 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. com's Reddit Forex Trading Community! Here you can converse about trading ideas… Welcome to FXGears. -ftmo's business model is based on the failed challenge fees. Moreso it rules out gamblers and traders with poor risk management. Last month, I passed the FTMO demo account and I said to myself that I am ready to do the challenge. If you reach your 10% you have reached your goal and move to the next challenge. You will now lose the challenge if your account balance goes anywhere under 21. As long as you don't let yourself go below the starting balance you won't have to buy another challenge. 00 lot trade and that started the losing streak. If you keep making consistent profits over three months you can gain larger accounts up Try ftmo's free trial so you can get used to the risk required for that account size. 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 $1K in 4 days. In the real world thats 500$. 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. The following week I did really bad in my Forex funds challenge as I didn't adhere to the rules. Firstly, you can earn a huge income. 0. And if you get lucky and you pass, you won't hold the account for long. If you’re profitable you can pay 150 for a 10k challenge and start making more money than you were going to make trying to grow 150. If I'm right, I'm right, if I'm wrong, the position gets cut. Just make sure they stick to FTMO’s risk rules. 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). I'd say the closest thing to a real con is the 10% profit target. Im currently doing the challenge myself. You need to treat the challenge like its own time sensitive derivative. If you can pass the ftmo challenge, that means you can double your capital in a month without the restrictions of ftmo. Mine was 10 consecutive passes with 1 contract(lot) size per trade on the nasdaq. Daily loss was 10k. I hope I didn't over achieve haha. Now im 5% profit so I'm asking, will they give another challenge if i don't violate any rules or is it just one re-take and then purchase another one? 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. how does ftmo work? if i get fully approved and get like a $100k account if i lose $10k do they shut it and then i owe that 10k? or do i not owe the money i lose? Reply JarnoR3Y • 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. Basically it is 5%, or 5000 on a 100k challenge, a day and increases with your profits ON THAT DAY ONLY. I have seen some of the videos of those who passed it, and it's a disgrace. 28. 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. 2. Then you could either start slow on a 10k account, or go straight for a 100k account. Months of rigorous backtesting, adherence to my rules, and meticulous risk management finally paved the way for consistency. Same with the 5% on the 2nd challenge. 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. Don't wanna get too overwhelmed, still getting used to even using the bigger lots for the 10k account! Really really exciting isn't it, even just the idea of being funded for trading is amazing. 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 would suggest anyone taking on these challenges is to take the 10k account and then use winnings to pay for the 200k account. That is pretty neat (despite the whole . But that's so doable. There must be something more to successfully ride the bit bigger prop account of course with all the pre phases… Passed another ftmo challenge. Even if you made 200 pips, what is your Stop Loss, are you taking big risk or very strict risk There are just small questions to ask to avoid losing all 10k. This includes unrealized losses. There are some rules to follow all listed on their site. What I did with the challenge is just trade normally, make a a nice buffer and if the deadline approaches and I'm not close to the target I would either increase risk or go all-in on one trade. I’ve tried FTMO and Trader2B, and can confirm that the culmination of experience day trading will help you be successful in passing these. After your first payout with FTMO you basically are playing with house money. Hit the like button for more powerful content on your timeline!I hope you enjoyed the videoDaytrading & Fitness Websitehttps://payhip. 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 What a mess, fomo, revenge trading, up and down all day. They are all the same with different rules, just whatever suits you best. 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. you pay a small amount for challenge. 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 courses, just here to share my progress :) FYI I used my latest creation, TurboScalpX discussed here last week: Dec 16, 2024 · ‍ FTMO offers a range of account types, including the 10k, 25k, 50k, 100k, and 200k challenges. So if you are up 30k TODAY you can drawdown . I am confident I will pass the challenge stage but I am a bit in the dark on the verification stage. As far as I know from reading the rules if you go over 5% loss on open positions it will close your account. true. And looking where price moves to. So good trader = guaranteed funding from prop I have been trading futures and doing succesfully at prop challenges but i have been looking at forex lately also. We will be automatically alerted that you have passed your FTMO Challenge and we will proceed to What i would suggest is try taking the demo challenge on FTMO first. 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. I paid another guy more money for a 10k account. I can demo trade just fine, I passed 3 ftmo trials one after the other. Nov 9, 2024 · 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 trades and using trading tools. Yes, the bigger the account, the bigger the positions you can go with. 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. 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. The "cons" mentioned by some of the comments aren't really cons per say. -- While we only allow Q&A posts here, our Discord is great for those topics that don't fit here! discord. 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 your direction you’ve failed the challenge 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. Took me a little over half a year to do it. I feel the challenge is more of a puzzle. Posted by u/3L_D3M3NT3_YaC0 - 47 votes and 22 comments Then you could even use the bot after the challenge stage as you wouldn't break the copy trade rules when using an EA. I am so hyped and a post like this motivates me a lot. Technically can i have 2×10k accounts 1×25k accounts 1 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 am planning to get the $100K challenge but I kinda want to hear any recent good and bad feedback from actual passers. I explained my case, and even took the so called loss which did not equal what I was supposed to be losing. $10k (of 100k) actual usable capital is also not wrong. Deposit the challenge fee into a brokerage account and trade it away. 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. 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 359K subscribers in the Forex community. I got 2 more weeks to pass the challenge or breakeven to get a renew challenge. 5% per trade to see if you feel comfortable and get familiar with FTMO spreads and commissions. Armed with a newfound appreciation for price action and essential trading tools, I committed to my chosen path. I would definitely go for funding! 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. So I decided to try an ftmo 10k challenge. I got upset that I closed the trade too early because I would have passed my ftmo challenge in that trade. Only 8% of all challenge takers pass. 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 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. It was then, armed with confidence and dedication, that I took on the ultimate challenge. Use them, dude. 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. The advantage of buying a new FTMO challenge is that I can take advantage of the new no time limit rule. I’m very curious about this phenomeno, never took an ftmo challenge, would like to hear your thoughts and experiences. And you must hit 10 percent profit. In prop firms if you are allowed to lose 10% and have to make 10% which is same as doubling your account in 30 calender days. co/R6FLGqR (edit - it's not actually equity curve as it shows only the profits made and not the account balance) The maximum permitted loss overall will be 10k plus any profit so in this case 11k. It sounds like you're not using stops. Even though it’s called a swing account, FTMO isn’t well suited for swing trading. . Would you realistically deposit 10k? or would you start small. 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 big but I have did it easy lot of time before(on smaller accounts) I feel little nervous to big lot and Im gonna do a FTMO challenge soon and cant decide which to do between the 10K and the 100K one. 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, you have an unlimited amount of time to pass. In the case of FTMO, you would have passed the challenge the first month and gained 10% the second month on $100k, which would be $10k, then take home $7000 from your 70%. My daily hit 23k. You need confidence in your strategy, execution and psychology. its part of the game. 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. Just wanted to say it's a marathon not a sprint. 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 FTMO is cool with using certain types of EAs (Expert Advisors) on their funded accounts, as long as you follow their rules. After 34 trades I'm still slightly in profit for today. Right now, every time I take a trade, my lot size is only 0. As long as you keep the challenge fee money aside, you can retake it again if you happen to lose it. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the The 100k account is effectively a 10k account becuase your position size is for a 10k account and your profits are for a 10k account, and there's almost no point of getting funded at that point. I'm half way. The challenge consists of trading with a virtual account for 10 days, with a specific set of rules and conditions. These results are still good imo. Have to hit 8% target and not lose 12% overall (or 5% in a day). 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 😂😂😂) 🤦🏾‍♂️ I’d say get a cheap funded with myfundedfx or the5ers. Breaking rules etc etc. com/b/gUfIDGet up to $6 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 looking for Let's say, you have a 10. 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 to BE more often than not. I'm still up 5% in 3 days. 242 votes, 229 comments. Please note again that the above restrictions do not apply to FTMO Challenge or Verification accounts. Currently attempting my first ftmo challenge on the 10k account. The FTMO 10k challenge has a daily maximum loss of 5% and an overall maximum loss of 10%. 5-1. I’m considering starting the FTMO challenge next week for the $10,000 account… Getting an FTMO Challenge is your first step towards becoming an FTMO Trader. As a scalper, I couldn’t imagine holding over the weekend, or even overnight. If you are as well, you have your FTMO app that shows your daily allowed drawdown. A 10% absolute drawdown is super easy to mantain. 342K subscribers in the Forex community. The challenge is particularly difficult for swing traders. 331K subscribers in the Forex community. I have not violated any of the rules and have gained 5% over 4 days. FTMO fees vary, starting at €89 for the 10k Challenge and going up to €1080 for the 200k Challenge. I went straight for the 100k but i was sure of my results. Then set a strict condition on how many free trials you need to pass before attempting another challenge. 50 loss or slight win. PS: trial account. What happens if I go for a second funded account or additional 10k so I just passed my first 10k challenge I’ve got the live account a week later I tried doing an additional 10k but failed do I lose my live account ? Notice I deal better psychology with a bigger account than a smaller one cause a 2-3k € profit looks like a lot vs a 10k challenge where I was trying more % risk of the account. I'm definitely no expert and have only just passed the FTMO challenge after a year of studying and messing around. I managed to get back up to +180$. Is it possible to still fail the verification stage if you don't violate any of the trading objectives? 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. I have a swing account because big news days are my best days, and I focus on smaller profits so 1:30 is sufficient. Find something that works atleast 50% win rate and do not ever break rules. After getting funded I ignored the trading plan and my psychology was in shambles. The two stages of evaluation are making 10% profit of the account you choose in one month, and then 5% in two months. 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'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. Today i finished my first phase of my 100k Challenge. 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. 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. Then go and buy a bigger challenge if you pass and continue to grow FTMO. the fee is 155 eur but lets assume its 100 because on higher plans the fee become less in percentages. Ex: -$75 on a trade would me that you were -$75 in drawdown or a cool . 100 k challenge with 40 percent profit keep 10 % no time limit. you complete that test phase 1 and pass the 2nd phase as well they will give you The account size you paid for plus the fee you paid, and give you 80% of profit splits. Do the rules really matter? Hey everyone, I've recently got into ftmo, and on my first try, I passed the stage 1 of ftmo, onto stage 2,its a different story, I've been quite unlucky, ad after a series of trades I'm now down 9. Prior to that mess I was 800 shy of the goal. Different challenge types, 400k with a ten percent first month, 5 percent two month after. I didn't even get to the verification step btw Try the 10k account and then use those profits to buy the challenge for 100k and 200k accounts. Sorry for my English… I have make challenge 3 times already, 2 times failed at verification, 1 time lost prop account.