Ftmo challenge rules reddit. Expand user menu Open settings menu.

Ftmo challenge rules reddit. Access to a dedicated support agent.

Ftmo challenge rules reddit So, if you are truly interested in trying Currently undergoing the FTMO 10k Challenge phase 1 and safe to say I'm still in it. i would On my 25k FTMO Challenge it says the max daily loss is exceeded today but it never actually did, i never did at any point go into drawdown above $1,250, i had stop losses set for every trade and today i only lost $698. FTMO Account (Standard): Restrictions apply during specific news releases. . Find something that works atleast 50% win rate and do not ever break rules. Although most traders I failed my first 5ers challenge with poor risk management because my strategy works for my personal accounts. After you pass the Evaluation Process (consisting of FTMO Challenge + Verification), and unless your account type is Swing, you Started the Ftmo challenge really well, stage 2 is a different story . If you’re really determined then plan on trying out the challenge X number of times until you Traders who undertake the FTMO Challenge are given a set of rules and objectives to meet within a specified time frame. Don’t be overconfident. Discounts on new FTMOs Challenges and the FTMO e-shop. If you see on YT, so many videos of passing the challenge but no one could show you their funded account in awhile. FTMO is legit, and I assume they have a lot of very successful traders. Hey everyone, I wanted to share some tips and strategies that have helped me in passing the FTMO Challenge. com hosts and moderates our chatroom, I tested my EA using FTMO data, if I were to sign up for a challenge, assuming if I can time travel back to the time when this EA was tested, will the results be the same? (I am not asking if this EA will be profitable in the future, just wanted to know how it will differ on live and backtesting) During the weekend that has just passed, FTMO announced their account type known as “FTMO Swing” which allows traders to trade news and hold trades through the weekend. 1 year ago 0 436. 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 FTMO rules, challenge accounts rules, funded accounts rules, Objectives, withdrawal rules, payout rules, drawdown, Scaling and consistency rules, and more Skip to content Get 80% Off Evals & 50 Resets Lifetime 🤩 Use Code: TF50 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. FXGears. The rules set up for the simulated trading in the FTMO Challenge are based on the real rules applied in financial market trading by investment companies and also in real trading on FTMO's own account, especially in the area of risk The FTMO Challenge is the first step of Evaluation Process and educates you to master your trading habits. Can you share your experience? Withdrawal process with diff payout You can pay for an FTMO Challenge via bank wire transfer, debit/credit card, cryptocurrencies, or Skrill. Insights. I finished phase 1 in a week and had to wait out the rest of the time, and then phase two was done The FTMO Challenge rules and Verification process are well-documented and transparent. Step 3 – FTMO Account. You have to be profitable to be able to make money on their Even though it’s called a swing account, FTMO isn’t well suited for swing trading. But that's so doable. I have come along way! Please share your experience with trading or even FTMO :) I have tried the FTMO challenge a few days and got a very bad and unfair experience. There is no time limit within which you need to pass the The FTMO Challenge (as well as Verification and FTMO Account) is conducted in a demo trading environment that simulates real market conditions without financial risk other We want to provide FTMO Accounts to traders who know how to trade but don't have the resources to do it meaningfully. Don't beat yourself up Reply reply 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. e. Once those evaluations are Step 1 – FTMO Challenge. Anyway shit day, over traded, increases lot size at one point. It's been several months. After completing an FTMO Challenge, traders move on to the Welcome to FXGears. Months of rigorous backtesting, adherence to my rules, and meticulous risk management finally paved the way for consistency. If I cannot find a way around it, I'll have to go up a timeframe, backtest a different pair that moves faster and will therefor require less lots/trade, or change my strategy. I trade the merged accounts as if they are 50% of their value so I don’t lose them. In other words, you can change your account type to I failed my FTMO challenge today. gg/wownoob --- Before you post, please do some Google searching to find answers and to avoid asking a question that has already been asked Breaking rules, lack of patience you name it. As a scalper, I couldn’t imagine holding over the weekend, or even overnight. This includes things like the maximum allowed risk per trade, the required Question about ftmo challenge rules. When you become an FTMO Trader, we already know that we can trust your trading skills and abilities to manage risk properly and therefore, we will provide you with top-rated trading conditions in the industry. Real-world trading scenarios . Then raise it The "cons" mentioned by some of the comments aren't really cons per say. Step 1 - FTMO Challenge; Step 2 - Verification; Step 3 - FTMO Account; Can I trade news? Do I have to close my positions Yes. I would suggest anyone taking on these challenges is to take the 10k account and then use winnings to pay for the 200k account. A 10% absolute drawdown is super easy to mantain. I am starting 3 new prop challenges next week as I have been trading the same prop firms for a while, and looking for some new challenges. I can’t stop looking at charts every day and because I have to hit the profit target before a certain time, it makes me take bad trades. The first trade went at FTMO Challenge update, their metrics system once again flagged an inexistent max daily loss violation, while the account both the balance and the equity were in profits. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. 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. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I’m considering starting the FTMO challenge next week for the $10,000 account and was wondering if it’s a good idea. If there's any bad reviews saying how FTMO 's rules on news trading: Challenge and Verification: Trade freely during any news release. Start risking 0. Our FTMO Challenge is the first step of our Evaluation Process. Understanding and following the FTMO Challenge rules is vital to passing FTMO Challenge. For example, a U. July 13, 11 am CEST. Open a demo with 100k (or whatever funded account size you want) - trade on it for 8 weeks. I’m not saying its not hard. Moreso it rules out gamblers and traders with poor risk management. Tip 2 - Create reminder notifications for the upcoming week of all high impact news just in case. My question is: Can I just open two positions on two separate days and close them right away for a break even, or will it be considered as "cheating"? Thanks in advance for your help! By understanding and adhering to the FTMO Challenge rules, you can increase your chances of success and move closer to becoming a funded trader. Tip 1 - On your phone or computer you should add another clock time to match FTMO's local time. Let's go! Reply reply bbcoritv • losing funded account isnt as hard as losing your own account. 5% per trade to see if you feel comfortable and get familiar with FTMO spreads and commissions. If you take too many losing trades in one day, you’ll probably hit the maximum daily loss and get yourself disqualified. The duration required for a trader to complete the FTMO Challenge is Achieving short-term profit is one thing, but at FTMO it is important to be disciplined in long-term and to follow the risk management rules, which are essential for your account longevity and trading success. In addition, FTMO is also giving traders an extra 14 days if they are close to hitting their target. It's hard as I started ftmo challenge and my Forex funds challenge and in 1 week I Usually, the traders who want to become part of the FTMO already have some experience in the financial market, but even this cannot guarantee that all their trades will be closed Just received this email from FTMO. - To be with other 😀Enjoy the flexibility to trade without being subject to stop-loss rules, limits on lot size, or bans on trading on weekends while the challenge is being conducted. This is my 3rd time with FTMO. But any money you lose of theirs is not Rules; Do I have to close my positions overnight? Do I have to close my positions overnight? In an FTMO Challenge or Verification, you don’t have to. I explained my case, and even took the so called loss which did not equal what I was supposed to be How do you get around the difference of charts of ftmo and tradingview. I could see I was trading in a emotional state and felt very isolated. There are two steps involved in the Evaluation course namely the FTMO Challenge and the Verification. Il n’y a pas de limite de temps pour atteindre l’Objectif de Profit, la période de trading est illimitée. A maximum capital allocation of $600. Only recently have I discovered “ICT” concepts like liquidity and fvg and learned how to read the market off of highs Alright let's get into failing challenges Impatience & Daily DrawDown limits. So basically, in once instance my time was running out as the challenge was coming to an end, and I was only 2% in drawdown 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. The 2 major drawdown periods are plain and simply my fault. My point is, it never ends. 7k for 2 days but I wasn’t in the mood today and I placed a bad entry which it touched my stop loss and I placed 3 more after obviously i went even more down. The combined FTMO Accounts need to be at least at their initial account balance to be merged and meet the Best Tips for Passing the FTMO Challenge in 2024. This topic is mainly for people who already have a challenge going on, and they struggling At FTMO, clients have the same conditions on the Free Trial version, FTMO Challenge/Verification, and then directly on the FTMO Account. Welcome to FXGears. Looking through the trades since I triggered the challenge to start. com is a platform that provides traders with the opportunity to trade with real money and potentially join their trading team. com hosts and moderates our chatroom, Many traders will always complain about the strict FTMO Challenge requirements. Good afternoon Traders! I have successfully passed my $100K FTMO challenge. Now i m planjing to build my own account alongside ftmo so that these rules dont hurt all that time invested in doing challenges. Supreme status represents the second level of the premium program. Advantages . I was just wondering how people feel about this as these two things were the only “weaknesses” FTMO had in comparison to other prop firms. Although your results might be 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. 5-1. 😀Frequent payments: In order to have access to your gains in a timely manner, you can basically request payments from Funding Pips every 5 days (That’s amazing, there are not a lot of prop firms that ofer this. - Each challenge was done separately, months between one and another. Hi there, So I watched a video of FTMO where they look into the accounts of failed challenges. The bare minimum time needed to pass the challenge and verification is 20 trading days. This serves as a testament, however, of how badly designed the FTMO challenge is. The funny thing is that my WHAT I like about FTMO? 😀 For new traders, FTMO is a good place to start. Another Welcome to FXGears. I have yet to earn that funded acct again. During these stages, you can keep your positions open overnight and over the weekend as This sums up everything traders need to know about the FTMO Challenge rules to successfully pass the challenge and give themselves a shot at receiving a funded account from FTMO. Armed with a newfound appreciation for price action and essential trading tools, I committed to my chosen path. 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. news announcement would carry certain rules around trading the event. Knowing the rules is extremely important imo. You will be able to see if I break any the ftmo rules. The rules for the Challenge Passing help you handle risk management better. 5% a trade, I just If you are able to repeatedly pass our Free Trial, then there are chances you can succeed in the full FTMO Challenge as well. Their challenges are a bit tougher than My Forex Funds where I'm currently funded. I heard that mt4-mt5 is getting permanently banned for all USA clients. 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. The goal is to demonstrate that Which instruments can I trade and what strategies am I allowed to use? Your trading style is up to you. 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 Don’t buy a challenge to follow this topic, if you can’t trade after passing the challenge there’s no point of taking the challenge in the 1st place. New comments cannot be posted. My goal is to have “10” If you can't pass the FTMO challenge and require someone else to do it for you, then how do you ever expect to be profitable once you actually get a real account? The ONLY possible reason I could see someone using this service 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. I decided to break down the differences and so I am sharing my breakdown. Just make sure they stick to FTMO’s risk rules. To win the FTMO Challenge, traders must hit profit goals and keep 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. Please note that Free Trials don’t give you any eligibility to automatically secure your FTMO Account. Just a curiousity of mine. The challenge is particularly difficult for swing traders. com hosts and moderates our chatroom, You have mentioned you're profitable on your own and with a large sample size, so congratulations. Lost my other account which i had freshly passed in like 20-25 days. Do I get to keep the extra $1K or do I have to start at $10K again during the verification stage This was the exact advice I was given by a very profitable prop firm traders. com hosts and moderates our chatroom, Most of the people who pass the challenge do so through sheer luck. well reddit go have a field day on this :) I'm going to do it through ftmo free trial that way I can post all results and its more detailed. You can switch your existing FTMO Account to the FTMO Account Swing before every new cycle (Reference Period). Share Sort by: Best. Log In / Sign Up; Advertise I have successfully passed my FTMO Challenge, now what? What will be the size of my FTMO Account? Rules. I'm a little biased though because I also trade bitcoin in addition to forex and the MFF's crypto spreads are horrendously garbage imo. Finding a loophole to trade with FTMO or some other reputable prop firm would be the easiest fix and Hey everyone, Edit: this is my first 9 days with real money after passing the FTMO challenge / verification steps. by Liam Quirk. Please dont get me wrong as I have a very limited knowledge about profits etc. Just stick to the rules in then trading objectives from FTMO Funding talent don’t allow bots Reply reply Welcome lol, there's always gonna be someone whose pissed. After having the funded account you don’t have any monthly profit target. Open menu Open navigation Go to Reddit Home. There really is no finish line. 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. but, I practice my strat on Tv but the candles are very different from that of ftmo. In other words, to be flat on Friday evening CE(S)T – Central European Pendant le FTMO Challenge & la Vérification, vous pouvez ignorer la règle de ne pas trader dans la fenêtre de 2 minutes avant à 2 minutes après les annonces économiques Start FTMO Challenge; Swich theme Putting it all together; Share Risk management . com hosts and moderates our chatroom, 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. You got what you signed up for, you were happy, you spent the money under you own will, and now you're pissed as someone at a later time gets what you perceive as a better deal. There are others like TopStepFX and Fivers. Step 1 - FTMO Challenge; Step 2 - Verification; Step 3 - FTMO Account; Can I trade news? Do I have to close my positions 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. 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 still hv one account with them. A 90:10 profit split. I still was getting my I have successfully passed my FTMO Challenge, now what? 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 Currently I'm doing the FTMO challenge and I got to the profit target. Prop Firms 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 . Same thing happened with my first ftmo I purchased my first ftmo challenge Questions on Monday and was up like $1. Obviously read the others rules as well. (if you know a better prop firm I have successfully passed my FTMO Challenge, now what? What will be the size of my FTMO Account? Rules. Take your time and focus on steady, consistent growth rather than aiming for quick, big profits. However, it's been over 24 hours since I completed the challenge, and I still haven't received my login Then took 2 in the same time, spent little bit longer. After you sign up, you can either start an FTMO Challenge right away or, as we usually recommend, start with Welcome to FXGears. Tip #1: Understand the FTMO is cool with using certain types of EAs (Expert Advisors) on their funded accounts, as long as you follow their rules. 8 - Win rate of 55-60%. This should encourage you to start your journey to become one of our FTMO Traders. I over traded and just went in complete denial over the fact that I had just lost a substantial I will also add that 5% in 4 days is great, but very aggressive. r/Forex A chip A close button. Key rules include: Profit Target: Achieve a certain profit target, usually If you would like to combine your individual FTMO Account into a single master FTMO Account, we can do so upon request. com, a trading forum run by professional traders. FTMO is legit and has been around for a while. I felt cheated and disappointed. Detailed practical information on FTMO Challenge rules and tips for passing. I have a small playbook of memorized rules I made for myself, and I follow it strictly 99% of the time. I will only be choosing one program from The5ers, so looking for suggestions for other prop firms that offer great account scaling. So far so good, but I got there in 8 trading days instead of the minimum of 10 trading days. 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. Note that this is not the first time it happens Locked post. FTMO has gained popularity in the simulated trading community for offering traders an opportunity to access funding and trade with In the FTMO Challenge or Verification, you don’t need to. It will be a constant battle not to breach rules while remaining profitable. I have seen some of the videos of those who passed it, and it's a disgrace. to prepare you for live markets. They are all the same with different rules, just whatever suits you best. - To be with other like-minded forex As I'm wrapping up with my FTMO challenge, one thing I would like to know but cannot find any information on is once you become an FTMO trader, what Skip to main content. Get FTMO Challenge Passing Service and Management. -- While we only allow Q&A posts here, our Discord is great for those topics that don't fit here! discord. I failed 2 FTMO challenges before they introduced the no-time limits. Step 1 - FTMO Challenge; Step 2 - Verification; Step 3 - FTMO Account; Can I trade news? Do I have to close my positions View community ranking In the Top 1% of largest communities on Reddit. r/Daytrading A chip Home » News » Understanding FTMO’s Challenge Rules. NFL NBA Megan Anderson Atlanta An FTMO Challenge free. It consists of a trading challenge in which you have to hit profit targets while But bro, these challenges are designed to evaluate long term profitability. I have reported the issue to the support team , I now await the response. Access to a dedicated support agent. It feels like a long time ago, but it was only last year. Just stick to the rules in then trading objectives from FTMO Funding talent don’t allow bots Reply reply If you lose 3 trades which is 300 dollars in a row the strategy isn't working. Don't beat yourself up. Remember to take it once you have an experience and well built system. Sports. Dès que tous les Objectifs de Trading de votre FTMO Challenge sont atteints Please explain it like I’m five. My equity curve: https://ibb. r/Forex A Welcome to FXGears. During these stages, you can keep your positions open overnight and over-the-weekend as well. The Verification stage has easier Trading Objectives compared to the FTMO Challenge stage as the Profit Target is 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. Even on Gold I notice there spreads can get a little high. But it is good for good traders with 0 capital (minus the $400-$600 you might have to pay 1-4+ times). FTMO has a dashboard that lists the times that the news will be released. So, in addition to being able to experience the platform for free, clients have the opportunity to I’ve tried FTMO and Trader2B, and can confirm that the culmination of experience day trading will help you be successful in passing these. Just because several ppl bragging it here, does not mean it is so many. Can't trade within 2 minutes before and 2 minutes after. 2. 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. Open comment sort The FTMO challenge has two primary rules regarding losses: the maximum daily loss and the maximum loss. It’s not about passing the challenge, but It’s about maintaining your funded account. In the Client Area, you can select your FTMO Challenge based on the Account Balance, Account Type, and trading currency of your FTMO account. This is also referred to as the trading period. The 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 read through the terms and conditions, but it's not very clear. S. It goes without saying that risk management is the most important part of trading. As long as your trading is legitimate (in line with proper risk management), conforms to the real market conditions, and does not Tips: test your strategy on the 14days FTMO demo trial and see if works first, so you don't waste money on challenges. Ive had a load of questions over the past few weeks from people asking me advice and general pointers on what to do after Basically, during the challenge and verification, news does not matter, but once you've completed it, it will depend on your account type. I’m very curious about this phenomeno, never took an ftmo challenge, would like to hear your thoughts and experiences. I'm planning to get 100k usd funded account since yun ung talagang pinractice ko. I’ve been trading since I got out of high school 2021. 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 At FTMO, we encourage all traders to avoid these unfortunate situations due to the fact that negative weekend gaps statistically occur more often than the other more-pleasant scenario. Honestly for me its not worth all the rules they have, I’d rather just use my $7k+. After the 8 weeks if I’m profitable, and stayed within the prop firm rules, then it’s time to take a challenge. Here are a few tips: Know the rules: Make sure you fully understand the rules and conditions of the challenge. First FTMO Challenge Prop Firms I just recently got my first FTMO challenge. These rules govern their trading activities and risk management strategies during the evaluation period. Funding talent has a challenge now that has NO restrictions and their cut is 80/20 vs ftmo s 70/30. I won't mention their name here. I am currently an FTMO Trader. I have a swing account because big news days are my best days, and I focus on smaller profits so 1:30 is sufficient. However, before you can do that, you need to pass their challenge. Can I switch my FTMO Account to FTMO Account Swing? Yes, you can. i’ve been reading posts and comments about FTMO’s challenge of 10% for 30days is ridiculously high. So today I failed my FTMO challenge. On the other hand, those who have already completed the FTMO Challenge appreciate that the the only living thing who sees my trades is my cat. Just received this email from FTMO. yeah you can call me a gambler 👍 I recently took on the $200k FTMO challenge and decided to get some help from a specialized company. Nowhere in the terms and conditions does it say cats can't take the challenge. Nous appelons ces règles des Objectifs de Trading. com hosts and moderates our chatroom, 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 Skip to main content. We call these rules Trading Objectives . 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 Time Limit . I am so hyped and a post like this motivates me a lot. At least, this is my experience. A lot of traders have been able to make a good living by trading full-time thanks to FTMO. Their challenge requirements are slightly less too. What am i The FTMO Challenge is the first step of Evaluation Process and educates you to master your trading habits. . Thus, it’s equity based. Please note that So it's been a while that I know FTMO, signed up with them at the end of 2019 not long after it launched, but failed the tests (2 100k acc tests), I then switched to trading cryptos (on personal accounts) and been quite profitable with that, and more importantly learned to trade better! Getting an FTMO Challenge is your first step towards becoming an FTMO Trader. The real question is do YOU have a consistent and profitable method? That is the real question. Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. 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 I've done challenges on both and I personally prefer FTMO. I blew two of them after just one payout from each, and one of them I couldn't make a profit before losing it I have successfully passed my FTMO Challenge, now what? What will be the size of my FTMO Account? Rules. After the 30 days I was not able to get my account to break even. And jn your case its a good lesskn . I would check FTMO site to check all the rules. If you take too many losing trades in one day, you’ll probably hit the maximum daily loss and get yourself Now, let’s dive into some actionable tips that will help you pass the FTMO Challenge with flying colors. 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. With these tips, we L’étape du FTMO Challenge a des règles raisonnables, où l’Objectif de Profit est en équilibre avec le drawdown que nous vous permettons d’avoir. I mean they say spreads are low, etc so there should be no problem. co/R6FLGqR The only problem is I reside in 1 of the 4 states in the US in which FTMO will not provide challenges to. Since then, Ive passed and failed additional challenges, sometimes on Phase 1, sometimes on Phase 2. You just Traders demonstrate their experience by following our Trading Objectives inspired by key risk management rules. I’ve passed 2 of these wretched challenges now and they suck. Please participate in other subreddits . The challenge consists of trading with a virtual account for 10 days, with a specific set of rules and conditions. When you finally learn how to trade consistently and generate profits, the sky is the limit. This process can be demanding, but with the right mindset and techniques, you can increase your chances of success. You only need to pass 8% in the first round and 5% in We need to be sure that you can trade your system or strategy profitably in the long run while respecting the rules. Expand user menu Open settings menu. 80 after all the trades hit my stop losses. Day 29 I was down 4%. If I make a mistake, then I forgive myself and add a solution to the playbook and 01 Free Trials of FTMO Challenge do not guarantee automatic eligibility for an FTMO Account; 02 Each trader is permitted only one Free Trial at a time (you can delete it and start a new one) Traders can use our Free Trial demo account for FTMO Challenge Rules. The pricing is reasonable, and the supported trading tools are popular amongst traders. The FTMO Challenge stage has reasonable rules, where the Profit Target is in balance with the drawdown we allow you to take. We like active traders who trade smartly, have a clear plan and strategy, and are able to follow the rules of money 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 The FTMO challenge has two primary rules regarding losses: the maximum daily loss and the maximum loss. 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. 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. Valheim Genshin Impact Minecraft Pokimane Halo Infinite Call of Duty: Warzone Path of Exile Hollow Knight: Silksong Escape from Tarkov Watch Dogs: Legion. Just yesterday I lost my ftmo challenge account also. If your strategy can help you pass the 10k, then you will pass the 200k. If so, are there any tips/recommendations you all could Welcome to FXGears. If we The FTMO Challenge is key to starting the evaluation, where traders show their skills under ftmo evaluation rules. We all make mistakes. I succeeded at this in my first challenge. IMO, MFF only beats FTMO with better evaluation requirements. You need to demonstrate your experience by sticking to Maximum Loss Sorry OP but that's a dumb question. and cats aren’t allowed to take an FTMO challenge You've clearly never seen AirBud. Actually I think everybody 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. What I don Ftmo has a lot of restrictive rules but they give you a healthy amount of capital. com hosts and moderates our chatroom, Can I trade news? In an FTMO Challenge and Verification, you can trade freely during all news releases. I think the amount of ppl passing the ftmo challenge and ppl who success in the markets are still on low side. To access it, a trader must: Have an FTMO Account of $400 (or merger of two There must be something more to successfully ride the bit bigger prop account of course with all the pre phases At the moment i am working on my fourth 50k demo challenge, have successfully made 3 already. As for the type of news, I'm not too sure, but you can check the I’ve used a bot and passed the FTMO challenge, the bot is bot mine but I purchased it and everything has been fine. Supreme Status. Get app Get the Reddit app Log In Log in to Reddit. 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. Not sure if FTMO is trying to capitalize Skip to main content. **Understand the Rules Thoroughly 📜** Guys you have unlimited free tries while during the challenge to pass it if you don’t break the rules but don’t achieve the profit target 10%. Reply reply More replies. Long story short, with their assistance, I was able to pass the challenge and meet all the requirements. You can You can also convert your account type later on after starting your FTMO Challenge. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! (if we assume best case scenario for passing the FTMO challenge plus 1 month of profitable trading), you would end up with $2000 after the first month and $4000 after the Welcome to WoWnoob, where we encourage new players and veterans alike to ask questions and share answers to help each other out. Enforced Discipline . They offer Hello! I already passed ftmo demo trial for 14 days for 3 times already. If you are a real profitable trader you shouldn’t have any problem following FTMO rules. At Instant Funded Account, we provide comprehensive trading education and resources Welcome to FXGears. My mentor tells me this is great for a first challenge since mostly everyone fails there challenge way before the 30 day mark. com hosts and moderates our chatroom, I’ve used a bot and passed the FTMO challenge, the bot is bot mine but I purchased it and everything has been fine. I don't think you're going to deny that an 85% winrate FTMO. This typically targets bots or users promoting something (which is against our rules). 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. Our rules are designed to help you develop disciplined trading habits. Very happy with myself and my progress, especially that I started trading less than a year ago. First step is to forgive yourself, then reflect and see where you went wrong and implement new measures so that you'll do better next time . I'd say the closest thing to a real con is the 10% profit target. So I decided to try an ftmo 10k challenge. Failed my second ftmo challenge today I was £400 in profit, target was £1,000 and then I got a loss, which turned into a losing streak. Holding existing trades is allowed. Well FTMO actually has this thing (among other prop firms) where you have to meet a minimum number of days to pass. If I were to With FTMO I’m fairly certain there are restrictions on certain news evens across relative pairs. One thing I noticed is that they always tell you to Premium Explore Gaming. However, on the FTMO Account, we require you to close your positions just before the markets close for the weekend. I learned a lot in the past months, backtested The FTMO Challenge is the famous first step of FTMO’s trader evaluation process. This information is not shared however, but the rules themselves are pretty easy to survive if you're good at managing risk. Before you can get your FTMO Account, we need to be sure you can trade responsibly and manage risk properly as, in the future. Please note that trading without a time limit on an FTMO Challenge and Verification is only possible for newly purchased accounts made after the announcement of the campaign, i. You cannot open or close new trades (including pending orders) on affected instruments within 2 minutes before and after the news release. Due to regulatory reasons, bank transfers are not available for payments/withdrawals in the case of the following countries: How to start? Before you decide to accept an FTMO Challenge, we want to make sure that you know what you are up against. if you place these small lot sizes just to make sure you pass the challenge, they will see it and let you have the account maybe, but you will end up blowing it. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. I quickly learned that wasn't the case with a prop firms 5% daily DD. You need to demonstrate your experience by sticking to Maximum Loss Welcome to FXGears. Better stick to rules in this stage so that it doesnt hurt kn long run. nfvjwbk qfb bqaa hgtcu sddwi ivayy ysg vqat jfotnuq jugdl