Ftmo account types pdf. Let’s take a closer look at each: Normal Account.


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    1. Ftmo account types pdf Bitcoin and other cryptocurrencies are known for their high volatility, which makes them an attractive but also challenging target in the eyes of traders. Being able to identify the early opening type will help the trader set the bias for the day. You can switch your existing FTMO Account with the default leverage up to 1:30 to the FTMO Account with 1:100 leverage before every new cycle (Reference Period) following your qualification as a professional trader. If you would like to combine your individual FTMO Account into a single master FTMO Account, we can do so upon request. Apr 28, 2024 · FTMO Account Types: Normal & Aggressive. Note we don’t grant an FTMO Account based on any past track record. We are going to start with basics and slowly continue to more advanced stuff. As long as your trading is legitimate (in line with proper risk management), conforms to the real market conditions, and does not resemble forbidden practices, we have no reasons for limiting or restricting your trading strategy, whether it’s discretionary trading, algorithmic trading, EAs A bullish rectangle chart pattern is a type of technical analysis pattern that signals a potential trend continuation and serves as a great trading opportunity. 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 as well as the KYC/KYB process. The Normal challenge account offers a range of account sizes, each with a corresponding refundable fee. Which instruments can I trade and what strategies am I allowed to use? Your trading style is up to you. What is the legal relationship between an FTMO Trader and FTMO after signing the FTMO Account agreement? What account size will I work with? How does an FTMO Account work from the technical side? How do I withdraw my profits? Do I have to tax my income? Can I change my platform during the Evaluation Process? What are the account specifications? FTMO offers traders several features to help them pass their trading challenge, including a 14-day extension if they reach 5% profit within 3 days of the end of their challenge. Let’s take a closer look at each: Normal Account. Differences between individual account types The Normal risk setup with classic Trading Objectives is the most popular choice among our clients, however, we also offer our clients one more type of account. Therefore, all accounts can be held open Monday-Friday, but traders trading on non-Swing FTMO Accounts will have to close positions before the weekend. In other words, you can change your account type to Swing account type after every Reward withdrawal or after signing the FTMO Account Agreement and before placing any trade on the original FTMO Account. Our strategy today focuses on a combination of trend and momentum indicators that are not commonly used, giving traders an edge in a dynamic market. This can be understood as 2 FTMO Accounts – each with $200k, or 4 FTMO Accounts – each with $100k, etc. The strategy is suitable for both […] Nov 17, 2024 · The default trade hours are the same as US indices, so under normal circumstances, holding positions during Monday to Friday sessions will be allowed on all account types. FTMO Accounts can be increased to a maximum initial balance of $2,000,000! Please refer to the detailed summary table below for a comprehensive breakdown of our scaling plan requirements. You can switch your existing FTMO Account to the FTMO Account Swing before every new cycle (Reference Period). The Swing account type allows traders to hold positions overnight and over weekends with reduced 1:30 leverage. Talented FTMO Traders who meet our Scaling Plan requirements are rewarded with a 25% increase in their FTMO Account balance and a bigger reward of 90%. If you want to discover our Trading Applications you can sign up for a Free Trial and trade with FTMO account up to $400,000. Automa ted trading systems FTMO developed a unique Evaluation Process for traders, consisting of an FTMO Challenge and a Verification, specifically tailored to discover trading talents. 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. FTMO offers two distinct account types, allowing traders to choose the one that aligns with their risk tolerance and trading style. . Oct 19, 2024 · The default trade hours will be the same as US indices, so under normal circumstances, holding positions during Monday to Friday sessions will be allowed on all account types. Can I switch my FTMO Account Swing to FTMO Account with 1:100 leverage ? If you can prove your professional trader status, you can. To view the instrument specification in MetaTrader, open your Market Watch (Ctrl+M), right-click on the concerned instrument, and choose ‘specification’. In case any of the above-stated reasons are detected after an FTMO Account Agreement between FTMO and the customer has been concluded, FTMO reserves the right to terminate the contract concerned. Upon completing the Evaluation Process, traders are offered to enhance their trading skills on an FTMO Account in a demo environment as FTMO Traders with a balance of up to $200,000 in fictitious funds. Open-Drive (OD) Open-drive is seen when the price will start running one way immediately after the market open. We allow a maximum capital allocation of $400,000 on FTMO Accounts per trader or per strategy, at any given time. Welcome to the MQL Programming Guide. What is the legal relationship between an FTMO Trader and FTMO after signing the FTMO Account Agreement? What account size will I work with? How does an FTMO Account work from the technical side? The purpose of this Agreement is to set out the conditions (i) under which the Customer shall be provided by FTMO Trading with instruments for demo trading intended for advanced traders, including access to a trading account for demo trading (FTMO Account); (ii) under which the Customer may perform such demo trades using FTMO Trading instruments Nov 9, 2024 · The table below summarizes the key trading rules across FTMO’s account types, including those during the FTMO Challenge and Verification stages: FTMO’s drawdown rule helps ensure traders manage risk properly. With Market Profile trading, we define four types of opening types by looking at the previous day. Please note that your status (Natural Person, Legal Entity) will be based on the option you selected during your first order purchase, depending on Dec 14, 2024 · The default trade hours will align with those of other energy commodities, so under normal circumstances, positions can be held open from Monday to Friday on all account types. It includes both a Maximum Daily Loss (5% of the account balance) and a Maximum Drawdown (10% of the account balance). Each FTMO Challenge needs to be traded from the beginning, regardless of whether you have passed one in the past. Yes, you can. Opening Types. If we discover identically traded strategies through various accounts, and exceeding the total of fictitious $400,000 in active FTMO Accounts, we reserve the right to suspend those accounts as per the contract. The strategy is suitable for both […] Bitcoin and other cryptocurrencies are known for their high volatility, which makes them an attractive but also challenging target in the eyes of traders. It is formed when price movements create two horizontal lines which intersect at two opposite ends, creating a “rectangle” shape. Therefore, positions can be held open Monday-Friday on all accounts, but traders trading on non-Swing FTMO Accounts will have to close positions prior to the weekend. However, traders using non-Swing FTMO Accounts must close positions before the weekend. The account specification can be seen directly in the trading platform. cgeia erws bvga wbg artkn kmrkxih ueiuv vbaxnpb cxzslj vzlzi