Failed ftmo challenge reddit. /FTMO Evaluation US s.

Failed ftmo challenge reddit On my FTMO account under credentials with the login ID and password it also says platform DXtrade. After a while it seemed better to simplify everything and just look at plain simple price action, I. $100k is equivalent to trading with $3500 worth of REAL capital because $5000 is the max limit for loss, and you gotta take 70% of your cut which boils down to $3500. Imagine on the last day of the trading period, if you are on real challenge with real money and you profit at this level, but suddenly you hit over the daily loss limit $10+ or whatever. I think that the FTMO trading is a good opportunity for traders to get good returns for a small amount. However, if you can do that, then you are in the game. 5 because that increases the chance of you failing that’s why they Get the Reddit app Scan this QR code to download the app now for about 10 weeks now in my live account. This includes unrealized losses. 😎 58 votes, 46 comments. I was going for the 25k on most of the fail attempts I think maybe 2 50k accounts I failed that’s part of the 9 I messed up . The offered technical solution for the FTMO platforms and data feed is powered by the institutional liquidity providers. Get the Reddit app Scan this QR code to download the app now for about 10 weeks now in my live account. I'm not worried about the 5% daily drawdown limit, I know how to avoid that. One thing I’ve learned is have 2 accounts. One thing I noticed is that they always tell you to contact them once you violate the challenge, but why is that? Is it because they recover accounts depending on the situation? Just remember less than 10% of people pass their challenges, and if that about 2% actually take any profits whatsoever ¯(ツ)/¯ if you’re rocking through even 10 challenges for one payout that MIGHT get you to break even it is an indication this is probably a waste of your time. But now i've failed for twice. I almost nuked my account by letting a trade get away that came back from being 4950$ drawdown. What's your next step after you fail your first FTMO challenge? This video goes over 3 key actions you can take to improve your chance of success with your n Welcome to FXGears. I am now doing good with my MFF accelerated account compared with my failed challenges months ago and I am planning to go for a challenge again after scaling my account to at least 2-3 levels to also serve as my training ground to hopefully pass the I want to take the FTMO challenge for a swing account in August. I’ve been full time since 2007 and have never paid for trading instruction. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Just passed my first FTMO challenge by hyper scalping. FTMO and other prop firms earn their money on people failing challenges. Note that this is not the first time it happens Welcome to FXGears. For sure, wait it out, secure that payment. It was my first challenge and I couldn’t believe it was actually happening. If you reach your 10% you have reached your goal and move to the next challenge. FTMO is the market leader at the moment. Came back couple months after some studying and putting in the time. Deposit the challenge fee into a brokerage account and trade it away. nowadays, "prop firms" tends to mean firms like FTMO, where you are actually trading a demo account and failed challenges are more than enough to cover any win that a tiny percentage of traders will have. Very happy with myself and my progress, especially that I started trading less than a year ago. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Thanks will try out ftmo so on ftmo if I pass the 10k challenge can I do another one straight after that to get an additional 10? And just keep adding up until max funding FTMO will look at their net exposure and adjust it at the portfolio level if it’s too risky. If I never see another "I passed the FTMO challenge" post it will be too soon. 3 pips so a momentary jump to 0. Or check it out in the app stores The Complete FTMO Challenge. After approximately 1-2 business days, we will then send you the new account login credentials for the Verification stage. Sorry OP but that's a dumb question. Price keeps going against you another -$110 (-$2010 total) then back to negative -$1900. When you finally learn how to trade consistently and generate profits, the sky is the limit. Rish management is key, and you should aim for minimum 1:3 RR and risking no more than 1% of your account. o. 5%+ per month to scale up the accounts every 4 months with ftmo (maybe other firms also). I have reported the issue to the support team , I now await the response. FTMO kind of reminds me of one of those claw machines where you put in money to try to get a prize. Is it possible to still fail the verification stage if you don't violate any of the trading objectives? Welcome to FXGears. I failed a trial normal account due to floating P/L that I didnt know was a thing (new to forex and trading). That way I can be at my computer whenever I want. I If you make even a cent over the 10K capital, FTMO gives you a free retake. I’ve failed 10 times or One thing you should know before taking this challenge is that FTMO requires steady traders. That money could have been better in a personal account where you aim to make 10%. 7 and 2. 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 FTMO definitely isn’t a scam. Don’t take another challenge until you pass the free FTMO demo challenge again and again. I've been reviewing my trades. FTMO challenge, nearly there (0. 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. co/R6FLGqR (edit - it's not actually equity curve as it shows only the profits made and not the account balance) Welcome to FXGears. I am confident I will pass the challenge stage but I am a bit in the dark on the verification stage. First one was last week of August which was a stinker for me. Soft breach is when you momentarily dip below the allowed loss limit, but don't worry, it's not game over!. - To be with other like-minded forex 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). For some crypto pairs for example, the contract size is 100. i’ve been reading posts and comments about FTMO’s challenge of 10% for 30days is ridiculously high. once you pass they give you the acct, and from then you grow the account and get paid from it Remember, in the market, perfection is elusive. Breaking rules etc etc. com, a trading forum run by professional traders. FundedTradingPlus is a new prop firm in the UK and they give you liberty to pass the Evaluation stage without any time constraint. Technically can i have 2×10k accounts 1×25k accounts 1×50k accounts 1×100k accounts 1×200k accounts Which amounts to a total of $395,000. , whereas other people say FTMO, like 'all prop firms', make money through people paying for, failing, and repeating their challenge, and those who do pass are I believe their business model is banking on most people failing the challenge. . Exclusively on forex. Account: 2090800614. Dont That was a low moment for me. The Reddit LSAT Forum. I felt cheated and disappointed. Will it fail after no trade in 4 minimum trading days? 22 times failed the challenge. Theoretically you could complete the entire challenge in a couple of days if you are good enough or get extremely lucky. 😀 The answer is revenge trading. If I get 3-4 successful trades in a day then I’m pretty much done with the target. If you know that you only get "spikes" once or twice it is worth trying and perhaps you would get lucky and not spike out. Any advice guys ? Simon takes a look at failed FTMO Challenges and analyzes what these traders did wrong and the different ways they could improve in order to avoid losses. You need to buy the challenge and then pass both phases. Do your research but so far, my experience with MFF has been great. Then you have to complete the challenge where you have to make 10% in one month while adhering to their drawdown conditions. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Failed about 85 5k's( 60 with mff). 6 pips is possible. I have come along way! Please share your experience with trading or even FTMO :) Currently I'm doing the FTMO challenge and I got to the profit target. just because you get 100% win rate dosent mean you won I’m currently doing an FTMO challenge and I have a question about crypto contract sizes. I over traded and just went in complete denial over the fact that I had just lost a substantial amount. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Finally passed back-to-back FTMO challenges($50k & $100k) after previously failing 7 times and my thoughts. This is essentially free money for them to offset losses. View community ranking In the Top 1% of largest communities on Reddit. me/+zm1FUW4OEpo4NjI6FTMO challenge - https://trader. Stop paying for challenges if you're consistently failing. are not a broker and do not accept deposits. Had a question for everyone who uses FTMO Swing accounts. once you're a full FTMO Trader, you can even go on an entire month without trading at all if unforeseen Welcome to FXGears. I finally dit it. With these tips, we We would like to show you a description here but the site won’t allow us. Check out my shared screenshots with FTMO challenge stats for a closer look at the journey to success. Wish me luck. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! 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. 600 Dollars (27k - 20%). 5% risk ? They want you to use more than 0. com/?affiliates=tzCcLrDhxjmnFGHvmroY This video is for education 242 votes, 229 comments. -ftmo's business model is based on the failed challenge fees. I'm definitely no expert and have only just passed the FTMO challenge after a year of studying and messing around. com's Reddit Forex Trading Community! Here you can converse Welcome to FXGears. Seeing a lot of videos lately of people passing FTMO challenges on Youtube. Thanks in advance 😊 Welcome to FXGears. Created a new account and after day 1 I met the profit goal. So far so good, but I got there in 8 trading days instead of the minimum of 10 trading days. Last but not least, they are collecting a lot of money from all the people who attempt to pass the challenge and fail. Don't panic towards the end of the challenge to meet the profit target by risking more. once you pass they give you the acct, and from then you grow the account and get paid from it Currently taking the 100K challenge with FTMO. Has it been challenging for you to pass the FTMO Challenge? Whether you have already failed or are about to take your first challenge, you’ve come to FTMO Evaluation Global s. 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 But if you do the math of the minimum amount of profit you need to pass a challenge the challenge will be a lot easier to pass. I started challenge recently and find that its forsing me to close postion or put stop loss just before it would hit drawdown rule, as if i was trading my own acc i would let some trades to develop still (not saying that would be in protit) What a mess, fomo, revenge trading, up and down all day. First things first, let's start with the basics. there are no data fees to be paid I got something Great to pass the challenges without losing any costs EA uses a well-calculated hedging strategy to either pass the prop challenge or recover the cost of the challenge (challenge fees), so you don't have to pay for another challenge if the first one fails. You initially pay for a challenge account. I am risking 1% per trade of 100k balance, and based on the graph, it shows profitability with drawdowns of 2. If you keep making consistent profits over three months you can gain larger accounts up So I just saw 5ers high stake and the monthly salary of $4K up to $10K (eventually) is really looking attractive. I am so proud of me, I finally passed my 100k FTMO Challenge (along with a friend of mine) and I wanted to brag a bit with you guys. Welcome to r/FTMO_Forex_Trading! If you're here, chances are you're looking for some tips on how to pass the FTMO. Take your time, bad losing streaks happen to everybody. Looking through the trades since I triggered the challenge to start. Please explain it like I’m five. Currently attempting my first ftmo challenge on the 10k account. With this strategy I have 10-12 days to pass the challenge before I will hit my max loss. Currently undergoing the FTMO 10k Challenge phase 1 and safe to say I'm still in it. If any trade fail then max loss would be 1% per day. I’m not saying its not hard. There must be something more to successfully ride the bit bigger prop account of course with all the pre phases At the moment i am working on my fourth 50k demo challenge, have successfully made 3 already. FTMO 10k challenge - 25% profit but failed cause of So 1st day got 862€ profit. (Although I’ve failed 3x in the past between both, you still learn so much from doing it daily) the last time I did a challenge, I found a quantifiable edge in one particular stock that only lasted for about 2 weeks sadly. Cant wait for the downvotes on this I have just bought an FTMO challenge and I got my FTMO challenge login credentials from the clients panel. FTMO gives you unlimited retries as long as you don't break any rules and stay in at-least a Is anyone having a lag on mt4 while trading on ftmo servers? I have noticed few times where server just wont respond to log in or anything, when So, i took a 100,000$ swing challenge, and i completed 3/4 objectives, the only one I failed was the maximum daily loss! Is there any chance i get to retake the challenge or is it done and dusted? Because i read somewhere that they allow you to retake it if you completed 3/4 objectives. Questions to How would you rate your experience with FTMO? 10/10. I've never traded with FTMO before or tried their challenge but spreads can temporarily widen for a moment before going back to normal. com challenge. Take a look at this Here's what to do if you fail the FTMO challenge: 1. I do not reccommend BG or FTMO due to them switching me brokers multiple times. I’m currently doing an FTMO challenge and I have a question about crypto contract sizes. com's Reddit Forex Trading Community! Here you can converse about Sorry for my English I have make challenge 3 times already, 2 times failed at verification, 1 time lost prop account. 100K FTMO Challenge! Motivation? 10 failed challenges. Prop Firms I’ve given up on FTMO. Shall i just go straight I have tried the FTMO challenge a few days and got a very bad and unfair experience. 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! FTMO 200K challenge passed in 5 So I watched a video of FTMO where they look into the accounts of failed challenges. And if you almost made it this time I’m sure you could make it. IMO don’t pay for courses bc there’s enough free info out there. 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! 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. I'm still up 5% in 3 days. Now that you know what has shown to give you the results you are going to forward test it on demo. 334K subscribers in the Forex community. View community ranking In the Top 20% of largest communities on Reddit. Surely that would've helped with the greed no? Considering most people fail at forex because they So once you withdraw your profit for those 30 days it restart like a challenge. To hit your 10 day minimum trading days litterally enter and exit 1 trade a day at like a $0. There are 4 different challenge accounts you can pay for: $10,000, $25,000, $50,000, and $100,000. 50 lot throughout the month using only 4 and 8 hour charts, that account pays bills and funds life. 59 respectively. FTMO is legit and has been around for a while. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! FTMO Challenge account. However, making 10% in a month is hell of a challenge because there are only 22 trading days available. Sometime i have a very good set up but still lose the trade, i don't believe in myself anymore, after 20th failed I almost give up. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! FTMO 10k challenge - 25% profit but failed cause of Prop Firms So 1st day got 862€ profit. Hey u/Smooth_Fly6155! 😎🚀 . Did the price eventually go beyond your SL? 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. No one is obligated to take the challenge Ok I did ftmo challenge for real and I failed within 2 days. And if you get lucky and you pass, you won't hold the account for long. 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. 32% and 4. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Just curious if anyone has passed the ftmo challenge with 0. If you pass the challenge then you'll move onto the verification. It looks like normal spreads for EURUSD is about 0. After 3+ months of profitable trading you can then test your ability for free with the 2-week FTMO challenge account. I have used Blue Gaurdian, FTMO, and currently using FXIFY. So good trader = guaranteed funding from prop tbh many people dont really have a choice aside from taking the challenge There's a real mix of opinions out there, some people say FTMO is a great company to trade for as you get to keep a generous portion of the profits and get good leverage, spreads etc. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! 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’ve passed a couple challenges and I hated them. No regrets or any second thoughts at all. Respect 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. 357K subscribers in the Forex community. How long did it take you to get your FTMO Trader account after the challenge? Just completed the 10% challenge for the 100k account on ftmo in 36 hours. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. Just had the largest payout I saw of 150 k to someone. Find something that works atleast 50% win rate and do not ever break rules. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! First FTMO Challenge Passed - Onto Verification! Prop Firms Share Add a Comment. , and FTMO s. I've narrowed down and will share some things that stood out and helped me succeed. Welcome to FXGears. Keep trading sharp! Welcome to FXGears. I have downloaded the cTrader from the FTMO website and I tried to login with the login credentials from my FTMO account but it failed. But yeah ill come back stronger 💪 I've never traded with FTMO before or tried their challenge but spreads can temporarily widen for a moment before going back to normal. If you lose 3 trades which is 300 dollars in a row the strategy isn't working. Things that helped me pass my FTMO challenge, verification, funding and payout . 1 where you risk and play around big( because we’re all risk takers naturally) and 1 account that you just use a 1-1. More posts This week you open a new position and it starts to go against you at minus -$1900. If you cannot pass multiple times in a row, then prop firms are not for you. Take your time with the verification. Hey since the max allocation is 400k for FTMO. 5% away from the goal) This is a free trial, should I do another one again to validate my system or should I jump now to a real challenge? Motivation? 10 failed challenges. Our FTMO Challenge is the first step of our Evaluation Process. It was not easy and like a lot of you guys I started Forex through a scam on Instagram, a MLM company (pyramid scheme) where my “mentor” told me I could easily double my account every week with 20 pips a day and as I didn’t know any better Having failed many challenges before finally passing into the verification I felt overconfident initially given the easier Tp and tried to quickly blitz through; soon finding myself in deep drawdawn, I contemplated a hail mary trade with US FOMC or CPI to pass this challenge. It is true that at the beginning, I was afraid to fail the first test, I knew how to trade with a small capital at the beginning and I wanted to opt for the comtpe financed at 50k$ but fearing to fail the verification stage with quite complex evaluation criteria I called upon a professional who passed all the steps for me and passed brilliantly. The advantage of buying a new FTMO challenge is that I can take advantage of the new no time limit rule. Well, just then you FAILED the challenge because you lost 8K last week then opened a position that briefly went -$2010 passing your maximum allowed drawdown at 10% or 10k. 2-0. Multiple passes in a row. You have to be profitable to be able to make money on their If fail then I stop for the day. Without the weekends, you’ll get 20 trading days. majority of people fail, and the ones that pass will probably fail next month, the occasional pay out wouldn't be an extreme amount of money like 100k probably 10-40k, 3. As for risk management, a 1:3 risk-reward-ratio with just a 2% risk on solid trades was my golden rule. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! First level ftmo challenge on a 200k account After 1 year, 22 times failed the challenge. I’ve failed it and failed to keep up with the requirements which got it closed. 💻Mentorship program/Cour Between how I failed FTMO challenge and how I can help you to improve your game, this video is more about looking back at your trading performance and getting the most A link to the TG channel: https://t. Then you can use the profit to trade prop firm challenge. Should i get another challenge once again or just stop and look back to find out what happened to my god damn strategy? ( 3rd failure may blow my mind 🙂) Hope to hear u guys. You didn’t mention anything about your backtesting. I said August because I'll have a whole week off in August. Only took 2 days to pass these 3 challenges: x2 200k FTMO Challenges x1 100k FTMO challenge. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! It's a nice way of them telling you that you failed the challenge. perfect way to train your emotion. I'm no where close to failing this challenge. This free challenge account is the closest thing to a real account. 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. I also only think you can fail the challenge once and lose your initial investment. 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. I trade with MFF and FTMO and so far things have been great. 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. I failed 2 FTMO challenges before they introduced the no-time limits. That's how they make their money, and it's one of the best business models out there. The best place It reads very confusing, but it doesn't forbid news trading or opening trades 2 hours or less before the market closing. I started doing the 25k challenge last Thursday and had already made the profit goal that was 2,500 by Friday . com's Reddit Forex Trading Community! Forgive me but wouldn't it have been wiser to take up the challenge with the biggest account like for eg. Before you can get your FTMO Account, we need to be sure you can trade responsibly and manage risk properly as, in the future, we can use your simulated trades performed via the FTMO Account when trading on our own account on real financial markets. Example the FTMO challenge, granted the first time I tried the challenge failed miserably but it's forex. I feel I was lucky with the first phase 1 challenge, but the second phase 1 challenge took 23 trading days. You only need to earn 2. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I just failed my FTMO challenge today as well. FTMO is legit, and I assume they have a lot of very successful traders. I explained my case, and even took the so called loss which did not equal what I was supposed to be losing. 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! 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. WHAT I like about FTMO? 😀 For new traders, FTMO is a good place to start. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I'm currently funded with 5ers (only a 5k account) and if things continue I'll buy another one from FTMO before January 2024 ends. FTMO makes the majority of their revenue from bad traders who are stupid enough to fall into the above loop which is a large amount of them. But you do get a payout. So you put a deposit / security payment of $230AUD, to start the challenge, but can lose a maximum of $1500AUD They are definitely legit if you pass the test they will fund you and pay you profits moving forwards. Countless YouTube videos, Udemy courses, Google searches. Just got funded with funding pips 2 days ago. r. 200K on FTMO? At that point 1% is 2000, and 10% is 20000. FTMO really helps learn discipline. For this paragraph to take effect, both conditions have to be fulfilled. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Failed my first prop firm challenge Prop Firms Great to hear. If you can pass the ftmo challenge, that means you can double your capital in a month without the restrictions of ftmo. I need ten minimum trading days. I think a lot of people don't realize that many of the traders that pass the challenge fail to make their first withdrawal because they fall off after getting funded. FTMO challenge. Because every account They give you 10k for a 100k challenge. - I can trade crypto on the 22 votes, 29 comments. The 2 major drawdown periods are plain and simply my fault. Def do FTMO, completing that challenge completely changed my life because I would’ve never been able to trade with 100kUSD without them. FTMO has been in business reliably for over 8 years as a prop If someone from a developing country trades a $20k account because they’ve never had much $$$ and couldn’t afford a larger challenge, but that person is a trading whiz/savant AND they have the live track record on the firm’s account to support it, I guarantee you FTMO and MFF are putting down a lot more real capital on that persons trades Welcome to FXGears. Even if you fail 1 or 2 challenges it could still be worth it. And little know fact you can take the test and pass up to 3 times hence having 300k or whatever ammt you take the challenge for x3. So based on my experience and you Welcome to FXGears. And looking where price moves to. The funded trader is new but has great reviews. I love practicing with these challenges. 50 loss or slight win. Thing is, if you can't trade successfully a 1k account, don't even try a prop firm. So for example, take the FTMO challenge, you’ll need to pass the 10% target. As you can see I’ve came pretty close to passing multiple times. my second challenge. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I just passed my FTMO challenges as an independent trader about 3 weeks ago and it took just over a week for me to get my funded account. ftmo. Most importantly, have fun! Your trading journey is a marathon, not a sprint. But that experience led me to want to find edges like that with algos We will be automatically alerted that you have passed your FTMO Challenge and we will proceed to evaluate your trading results accordingly. Can you share your experience? Withdrawal process with diff payout No. It requires patience, time and discipline. 9K subscribers in the ForexForALL community. I also did the same with an account on my wife’s acct and had 100k x6! In trading challenges with prop firms like FTMO, it's essential to adhere to the rules and risk parameters they provide. FTMO. They are definitely legit if you pass the test they will fund you and pay you profits moving forwards. I've heard of other traders facing similar situations where the dashboard shows that the challenge is still ongoing but the matrix analysis shows a violation of the max daily loss rule. Now I’m in drawdown, any advice? View community ranking In the Top 1% of largest communities on Reddit. 2%. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! You will fail the challenge due to drawdown even though you’re in profit WyattFX • Personal preference. The following week I did really bad in my Forex funds challenge as I didn't adhere to the rules. After passing both phases, you start getting all the profit you make. Hi, I've coded an EA, and I plan to run these 2 sets of parameters of the same EA. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Since the Max Daily Loss is exceeded, you have officially failed the challenge. 09%, the profit factors are 3. You only need to pass 8% in the first round and 5% in the 2nd to get funded and drawdown is 12%. It means you're getting another shot at conquering the challenge and reaching the profit target. After 34 trades I'm still slightly in profit for today. for my high risk strategy there needs to be a buffer because its hard to time precisely. In the FTMO Swing Account challenge, does floating P/L go against your maximum loss for the challenge? View community ranking In the Top 1% of largest communities on Reddit. After approximately 1-2 business days, we will What was more difficult than expected during your FTMO Challenge or Verification? Psychology - I thought I had my psychology on lock having already been learning trading for a number of Just failed FTMO challenge. Trading on its own is challenging without the additional limitations from prop firms. So from my assumption it’s basically like the verification and FTMO challenge without a target. These results are still good imo. 100 k challenge with 40 percent profit keep 10 % no time limit. Reddit has made some changes in their billing for API calls that effect ALL of 3rd party developers that have alternate apps. Trade the trial FTMO and pass it 3 times in a row. Later I took a second challenge and I was in the So today I failed my FTMO challenge. 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 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! 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: Let’s goooooo!! 10 failed challenges?! I’ve found my people. What's your next step after you fail your first FTMO challenge? This video goes over 3 key actions you can take to improve your chance of success with your n FTMO has carefully calculated and set up targets which are unrealistic, high chance for even a good trader to fail, to make 10% in 20 trading days (1 month) you are forced to open larger lot sizes to meet the target but when you do if market goes the other way only a little bit you end up failing the challenge because of the 5% daily drawdown rule, odds are basically against you, Hey dear community, I started yesterday an FTMO challenge (trial) with my Bot HyperGrid, I wanted to share my journey with you :) My Bot HyperGrid in action, it's based on Mean Reversion, that's why it's always working against the trend The 50-500 challenge is not that hard if you use percentage of current capital as input, the hard part is trading psychology because as your position size keep rising, so the last lost will be biggest, and hit your harder than previous losses. Share Add a Comment. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I passed a 20k ftmo challenge but failed 100k challenge Prop Firms So i passed my 20k challenge a few months ago but recently failed my 100k challenge. So, if, for example, there is a Brexit referendum scheduled for Sunday, you cannot open a trade in GBP/USD on Friday when less than 2 hours remains until the FX market close. and all the videos have that 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. Your main quest is to get that money back for paying for the challenge to use it for other challenges. I was only targeting a 1:1 RR and leaned on a higher win rate for profitability. The thing about evaluation challenges (especially those of FTMO, MFF, TFF etc) is that the odds are really not in your favour. So you get a new 50k account every time. Since you are planning to trade for prop firm I would suggest to use the free FTMO 2-week challenge account. Should check out Secure The Bag. com's Reddit Forex Trading Community! Here you can converse about. Failed a couple of challenges in that time, but I'm finally funded and trading full time. For Christmas I think they’re doing 90% payouts. Lost money on my live AND demo AND failed that Hey guys Im new here and I was looking for information about FTMO daily loss and it brought me here. Took me several challenges to pass but all worth it. Ex: -$75 on a trade would me that you were -$75 in drawdown or a cool . They do marketing with a lot of youtubers and fake journals of the challenge Funny thing is on yt there are fake accounts only talking about the challenge that have in total only 4-5 videos from past months and they are all about FTMO If you notice, they target precise type of people and talk to precise public (young african guy, girl in the 20's,young guy. Then if you lose to any of the parameters, you don't lose all of your money, only 5% or 10% of it. It has a free trial that’s quite tough if you ask me. Around 90% fail the challenge, and those who pass, around 90% lose their account in a short time. e impulse, corrective, impulsive etc. 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. Mind you the Posted by u/Fantastic-Drama9484 - 6 votes and 16 comments I plan on taking the challenge but it's definitely not as great as I thought it was. Please dont get me wrong as I have a very limited knowledge about profits etc. I could see I was trading in a emotional state and felt very isolated. Utilize the Golf Clash Discord for questions and chatter. I know why I failed the account. Quadrio offices Purkynova 2121/3, 110 00, Prague FTMO is a prop firm where you can get a funded account to trade. In the second challenge, I decreased my lot size 25% after the first phase. This helped me a lot to reduce the stress of passing. Prop Firms . Soon I will get there. Not a long time I know. But since then I’ve also been attempting FTMO’s free trial challenges that mimic the real thing, I failed the first 2 times, passed the 3rd time, got a repeat and passed on the 4th time and am set to pass the •FTMO Swing Account: no longer need to close trades for the weekend and, once you've passed both the challenge and verification, if I recall correct they also dropped the requirement of minimum 10 trading days a month - i. The difficult thing for me will be reaching the 10% profit target. So today I experienced something weird with the account. Has it been challenging for you to pass the FTMO Challenge? Whether you have already failed or are about to take your first challenge, you’ve come to I failed FTMO once because of the time pressure/stress. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! 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 €155 for a I failed so many times because i don't have a plan, i change my strategy from time, i don't know what is wrong. I can't find the stats on how many traders have been funded for the year 2020 in FTMO. Now live and payday is tomorrow with +14%. This will be the closest thing to you can do without buying a challenge. 17 votes, 38 comments. Congrats though man, buy another challenge and grow. com's Reddit Forex Trading Community! Here you can converse about trading ideas Does challenge not helping u to stick to the rules? U should know ur drawdown alowance and must stick to it overwise acount will be closed. I'm planning to get 100k usd funded account since yun ung talagang pinractice ko. My equity curve: https://ibb. 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! FTMO Evaluation Global s. Congratulations! Keep up it. Most people tend to still take the initial capital before You should do the free ftmo challenge, they give you 14 days to get 5%. For forex pairs, the contract size is 100,000 which is 1 standard lot. This is why you tend to see "I passed the FTMO challenge (secret : after their 8th attempt)" posts and zero "3rd month in a row extracting an income from FTMO" posts. Only 8% of all challenge takers pass. 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. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Planning to take FTMO challenge and im confuse about minimum trading days. But this will not stop me pass the challenge. Step 1 – FTMO Challenge. The rules for the Challenge Passing help you handle risk management better. /FTMO Evaluation US s. A lot of traders have been able to make a good living by trading full-time thanks to FTMO. Currently passing all required fields 10% achieved in 2 days. All opinions welcome and valid without moderation. You don’t get any of the profits from the challenge. Edit: Also in the algo you can have a built in DD limit per day or total DD Welcome to FXGears. Now im 5% Welcome to FXGears. Did the price eventually go beyond your SL? FTMO is a prop firm where you can get a funded account to trade. It costs 500$ for the attempt. Their challenges are a bit tougher than My Forex Funds where I'm currently funded. 331K subscribers in the Forex community. Reply reply Top 1% Rank by size . This will help further validate your system. It feels like a long time ago, but it was only last year. I know some prop firms won't let you withdraw if there's a trade accounting for at least 50% of your profits so I would check that at least. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Hi guys I’m not new to Forex or anything but I’m planning on taking the FTMO challenge , but making 10% in 30 days (24 days if u take away weekends) is a lot I think And even though you faced some challenges in Phase 2, it's impressive that you were able to recover all of your losses and end the day without any losses. And I would definitely recommend it to anyone who is serious about trading! One piece of In this video I outline my personal ideas on why I think the majority of forex traders that take funding challenges end up failing. e. You will now lose the challenge if your account balance goes anywhere under 21. with a swing account your max daily loss is only 500USD and that was not calculated in with my Strat overall pass with 100% win rate however the challenge was a FAILURE. I'm half way. But since then I’ve also been attempting FTMO’s free trial challenges that mimic the real thing, I failed the first 2 times, passed the 3rd time, got a repeat and passed on the 4th time and am set to pass the Hi all, long time trader here, just recently passed my $15,000AUD FTMO challenge in 2 days (lol), and was wondering how does FTMO profit from its users if alot of traders fail? To put this in perspective, I'll be speaking AUD. Hey guys Im new here and I was looking for information about FTMO daily loss and it brought me here. Get the Reddit app Scan this QR code to download the app now. Currently have a 50k funded and a 10k funded account waiting until September to try an get a monster account like 100k or 200k rn I had the 50k account almost 3 months closer to 2 but I’m just using the money to pay 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. 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. Same with the 5% on the 2nd challenge. Makes sense. I honestly believe they are designed to make it easy to fail, but if you pass it works. Also working on a 300k account currently at +3. 377K subscribers in the Forex community. So basically, in once instance my time was running out as the Today i finished my first phase of my 100k Challenge. I finally Welcome to FXGears. I blew two of Why the FTMO challenge? I’m a Forex instructor on Udemy and some of my students attempted to pass the challenge recently, but some of them failed, so I decided to put my own money on the line. While you may have exceeded your maximum loss and daily loss limits and still advanced to phase 2, it's important to remember View community ranking In the Top 1% of largest communities on Reddit. The subreddit has not kicked you out or gone private. Most people only lose the challenge because of too much risk and therefore the mindset takes a hit. My question is if any of you guys who have passed the first stage, failed the second one? If yes, what were your mistakes? I‘m currently There is a reason why phase 2 have longer time to pass and less profit target to achieve, because the company knows lots of people get lucky on the phase 1 and they want to challenge trader’s 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. com is a platform that provides traders with the opportunity to trade with real money and potentially join their trading team. Passed my FTMO challenge in 2 days . It's hard as I started ftmo challenge and my Forex funds challenge and in 1 week I passed ftmo. To me the fact that you have to make a 10% gain is proof they want you to fail so they get the fee you paid for the challenge. Then when you get to a funded account just lower the risk. Seems to work so I'll see how it Also I'm fairly sure FTMO gives you a demo account after you've passed the challenge, and then they copy the trade onto a real account so there may be 1 pip differences by the time an order is filled which in your case could be huge. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Passed FTMO 10k account challenge with strict risk management and 20 trading days Prop Firms I failed my first 5ers challenge with poor risk management because my strategy From your comment all I can recommend is reduce your lot size and demo trade for several months. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Really can pass your FTMO challenge Prop Firms Share Add a Comment. Stop taking ftmo challenge. Just got to place a couple trades tomorrow and the next day and then more money should be rolling in. Different challenge types, 400k with a ten percent first month, 5 percent two month after. 01 lot size trade once every day for 10 days , and the Max you’d lose is maybe $1-$2 You initially pay for a challenge account. One day i realized it's not about right or wrong but all about risk management. com's Reddit Forex Trading Community! Here you can converse about The r/GolfClash subreddit is dark from June 12th-14th in support of the Reddit Blackout Protest. Then you are disqualified. But the normal payout is 70%. But yeah ill come back stronger 💪 22 votes, 29 comments. Just a curiousity of mine. I believe a lot of people fail the challenge trying to get the verification over quickly. Very stressful for me. Go As promised yesterday, I applied for a paid challenge to publicly assess the FTMO challenge and resolve once for all all questions about legit or not Go to FTMO_Forex_Trading r/FTMO_Forex_Trading • by rossquincy007. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I just recently got my first FTMO challenge. Do a self-assessment This consists of answering a couple of important questions and being honest with yourself. Two Types of Passing Service: Single Challenge Pass and Contract Offer Single Challenge Pass: 650 USD fee (per challenge) Accept challenges until 2% drawdown Fixed fee for all equity sizes (10k to 200k) Account Management Partnership 50-50 Welcome to FXGears. Guys great news for ftmo funded traders Do you have any advice for traders that aspire to pass the FTMO challenge? It shouldn’t matter if they’re making money from failed challenges as long as they’re paying traders. Im not sure about lets say total account sizes of $395,000. Before got the challenge,I had spent hours and days for backtesting thounsands of orders and it gave me gud result at that time. and 10% is 20000. A place for all to talk about Forex. Its the fear and greed, anyone who says trading is easy is completely bullshitting. We will be automatically alerted that you have passed your FTMO Challenge and we will proceed to evaluate your trading results accordingly. The real question is do YOU have a consistent and profitable method? That is the real question. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! How to pass FTMO challenge and which option is better . com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! After 1 year, 22 times failed the challenge. So, in order to keep the live accounts, I decreased my lot size by 50% from the phase 1 challenge level. Sometimes we have bad days but one good thing I never did was increase the lot size. Sort by: 22 times failed the challenge. I just received my second ftmo account late last week, and I’m done with those challenges for awhile. Both verifications took me more than 30 calendar days I believe slow and steady is the way to go with ftmo. Also working on a 300k Ok I did ftmo challenge for real and I failed within 2 days. You'll keep failing. Can funded account help with discipline? I have been thinking about it and started challenge, my thinking is that it can help me to stick to the rules as i know account will be terminated if violation of rules, which wont Hello! I already passed ftmo demo trial for 14 days for 3 times already. I was 50$ away from starting over. Tiny risk and good mindset is the way to win. Once again, passing challenges is a diff ball game then trading on live funded account. You can bounce back and continue trading. What do I think it takes 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. FTMO doesn’t have time limit anymore, so I would decrease risk even more, risk so little that you can easily lose 20 or more trades in a row. I was operating today and i was already 5k in profit till today. 2nd day exceeded my max daily loss of 500€ besides I had 862 from the 1st daydoes this rule make sense? I am very risk averse so 2% per trade is high for me. the split is about 80/20 i think? but you have a pass a test to show you can trade well enough to grow an account without losing more than a percentage of the account. Renewal is like hitting the 'refresh' button on your trading journey with FTMO. So, for example a common challenge is to do 8% in a month. How much is the FTMO challenge? comments Motivation? 10 failed challenges. I have not violated any of the rules and have gained 5% over 4 days. jtbtdg lwkz iicjd cgxlcmjy tax bvfsohn amhwc jcc jojjily yamy