How to pass ftmo challenge reddit. FTMO. Apr 5, 2023 · With that said, the FTMO challenge is rather difficult to pass, and you may not get through it on your first challenge or even your second challenge. The issue here is that you see all the 'success' stories and no failure stories. Mar 26, 2024 · Before you take the FTMO Challenge, practice your trading skills on a demo account. 67% per week. Don't wanna get too overwhelmed, still getting used to even using the bigger lots for the 10k account! Really really exciting isn't it, even just the idea of being funded for trading is amazing. I think you should have a separate system for position sizing in order to succeed. I'm not worried about the 5% daily drawdown limit, I know how to avoid that. A place to discuss forex strategy, ideas, analysis, and concepts. How to pass the FTMO Challenge with a Scalping Strategy. So, in addition to being able to experience the platform for free, clients have the opportunity to experience exactly what they will experience on the paid accounts. They want to see if you can flip your account from $5k to $15k. FTMO is legit and has been around for a while. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. com challenge. I'm definitely no expert and have only just passed the FTMO challenge after a year of studying and messing around. That being said, it's not easy to pass, and if you fail you lose the fee. We would like to show you a description here but the site won’t allow us. . e impulse, corrective, impulsive etc. Articles, links, etc are all… Posted by u/[Deleted Account] - 1 vote and 5 comments Currently I'm doing the FTMO challenge and I got to the profit target. 4. Although, my win rate was around 20 % but risk reward around 4 it was enough to pass. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the In conclusion, passing the forex prop firm challenge requires time, effort, and discipline. How to pass the FTMO Challenge? AVOID These 4 Common Mistakes! | FTMO. Sometimes traders tend to make unnecessary mistakes during the FTMO Challenge that are easy to avoid. Countless YouTube videos, Udemy courses, Google searches. It’s not that hard if you take your time. If you pass the challenge and verification you will be refunded the amount you paid for the account after you have 1 profitable month in your funded account. You need to buy the challenge and then pass both phases. This deep dive allowed me to truly understand its movements, giving me more freedom to focus on my main career in penetration testing. The majority of challenge takers are not aware of this and are risking only 1% to 2%. From the people I know, they’re usually aiming at around 3-8% a month so getting 13% should be around a bit more than a month, ofc there are people who also pass challenges within 1-2 weeks but speaking on avg id assume it To pass a prop firm challenge or to be a consistently profitable trader with your own money, you need to develop discipline, strategy, and many more. The real question is do YOU have a consistent and profitable method? That is the real question. Theoretically you could complete the entire challenge in a couple of days if you are good enough or get extremely lucky. But for the challenge, they're faced with the same problem as before. You only need to earn 2. price negotiable depending on challenge size … if I can’t pass it then you get your fee refunded (not your challenge fee only the fee for me to pass it for you) . If you're here, chances are you're looking for some tips on how to pass the FTMO. I feel the challenge is more of a puzzle. It is not easy, but if you follow the steps mentioned above and keep practicing with a demo account, you will be able to pass the forex prop firm challenge successfully, but the best way to pass a prop firm challenge is to use a prop firm passing service. Their challenges are a bit tougher than My Forex Funds where I'm currently funded. Aug 3, 2022 · Today I'm going to show you the easiest way how to pass the FTMO Challenge or any other prop firm challenge. Utilize the Golf Clash Discord for questions and chatter. Many aspirants are constantly in search for reliable methods to pass your FTMO challenge. I did the challenge myself. And the last thing I started this challenge a bit sometime ago, on Dec 20. - Each challenge was done separately, months between one and another. It's the only way. However, before you can do that, you need to pass their challenge. Do your research but so far, my experience with MFF has been great. After getting funded I ignored the trading plan and my psychology was in shambles. Pass that and you’re funded. Passed FTMO Trial in 2 days (Happy to share tips!) i shorted a downmove and got lucky over 7 trades. Rather than growing your balance by 10% by end of the challenge, the true objective of the challenge is to test you if you can not just double your real trading amount that you can afford to lose, but triple it. None of the people that fail post anything up on reddit because there is no point, while the people that succeed (which is a tiny %) are on here having their 15 mins of fame before 99% of them inevitably lose the account which they attained through luck rather than actual trading skill. I said August because I'll have a whole week off in August. Same with the 5% on the 2nd challenge. 46 :D Soooo happy Before you decide to accept an FTMO Challenge, we want to make sure that you know what you are up against. 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 consistency. I got their service for 6 months. I've narrowed down and will share some things that stood out and helped me succeed. Funding talent has a challenge now that has NO restrictions and their cut is 80/20 vs ftmo s 70/30. I can't find the stats on how many traders have been funded for the year 2020 in FTMO. 8 days of trading, 259 trades, Profit factore 2. Minimizing mistakes during the FTMO Challenge will definitely increase your chances of success and can generally benefit your trading. It took me only 4 active days out of 20 days to pass both the challenge & verification. Mind you the max that I have lost is 1% per trade. You can’t lose more than £3500 a day and £7000 overall. Didn't work. My advice is patience. Without the weekends, you’ll get 20 trading days. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. Here is an article explaining more about each item you must master to pass a prop firm challenge. This is just what works for me so take what you would from it. 50% Profit Share: The account size ranges from $10,000 to $500,000, and the challenge fee starts from $295. I felt cheated and disappointed. In the second challenge, I decreased my lot size 25% after the first phase. I blew two of them after just one payout from each, and one of them I couldn't make a profit before losing it eventually. You only need to pass 8% in the first round and 5% in the 2nd to get funded and drawdown is 12%. No. 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. Once done and successful you have 60 days to do £3500 profit. I’ve passed a couple challenges and I hated them. 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. If you are a good trader then go for it if you are scared then try to get a professional to help you pass your tests. Here are my 5 tips on how to pass the FTMO challenge and some of the thinking points that helped me keep a Our FTMO Challenge is the first step of our Evaluation Process. The subreddit has not kicked you out or gone private. Become our next FTMO Trader and work with an initial balance of up to How has passing the FTMO Challenge and Verification changed your life? I'm now able to trade 40k euros, so the undercapitalization problem is immediately solved, knowing that I can potentially earn my country's average monthly wage with a single trade. 216,075 Views. 10% / 6 weeks = 1. 2020 Jun 12. fuelforex is best for passing the FTMO challenge. 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! If you reach your 10% you have reached your goal and move to the next challenge. That way I can be at my computer whenever I want. Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. Step 1: The FTMO Challenge A 30 calendar day demo account where you will have to trade according to our rules. I can pass your ftmo challenge I’m only doing 5 spots . Once funded you trade and make profit on an account and have $0 risk. Finally, the only little piece of advice I can give you is to understand that this is not a miracle way to get rich, the FTMO challenge is not a joke and it is certainly hard to succeed, so be careful. So for example, take the FTMO challenge, you’ll need to pass the 10% target. You will have superior account conditions in the form of our own FTMO account solution with very low commissions and raw spreads. If you’d like to try the challenge but are not wholly confident of your skills, consider starting with the $10k challenge, as the FTMO 10k challenge fee is nominal compared to the bigger challenges. 5%+ per month to scale up the accounts every 4 months with ftmo (maybe other firms also). The one advantage of top trader is you can make withdrawals whenever you want. It will always be not like you expect it to be, even your profits. Related Topics Trading Hit the like button for more powerful content on your timeline!I hope you enjoyed the videoDaytrading & Fitness Websitehttps://payhip. Now we can trade through high impact news and hold runners over the weekend if we want. I will share my system with you as soon as I get my account and trade with real money. Firstly, I found my sweet spot by sticking to one pair, XAUUSD. FTMO offers three account sizes: 10% Profit Share: The account size ranges from $10,000 to $100,000, and the challenge fee starts from $155. You should set your rules and always follow them. 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. 67% per week is all you need to pass the challenge. Now divide the profit target by those weeks. Took me several challenges to pass but all worth it. 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. Yeah sure it’s a prop firm, you pay for the challenge if you pass you get that money back The aim is to make (in this case) £7000 in 30 days. Generally very happy. FTMO is legit, and I assume they have a lot of very successful traders. com is a platform that provides traders with the opportunity to trade with real money and potentially join their trading team. This will help you gain confidence and prepare you for the challenge ahead. I over traded and just went in complete denial over the fact that I had just lost a substantial amount. For swing traders, it's a great improvement too once they actually get the funded account. Reddit has made some changes in their billing for API calls that effect ALL of 3rd party developers that have alternate apps. Plus, when you pass your challenge, you get the money back anyway. I want to take the FTMO challenge for a swing account in August. Currently undergoing the FTMO 10k Challenge phase 1 and safe to say I'm still in it. The cost of the FTMO challenge depends on the trading account size that you choose to trade. The difficult thing for me will be reaching the 10% profit target. 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. (Should you pass) also they have HIGH commission per lot size traded. It's a huge improvement for day traders at least. After you pass all the Trading Objectives in your FTMO Challenge, you will see a notification in your Account MetriX informing you about your success, and you won’t need to trade the account anymore as your Trading Objectives are marked as passed. If you manage to pass all requirements, you will proceed to the second and final step of the evaluation. The r/GolfClash subreddit is dark from June 12th-14th in support of the Reddit Blackout Protest. 8 - Win rate of 55-60%. This helped me a lot to reduce the stress of passing. It is perfect for every trader who only have low-profit average strategies. 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. After you sign up, you can either start an FTMO Challenge right away or, as we usually recommend, start with our Free Trial, which is a free version of our FTMO Challenge intended for practicing purposes. Nov 29, 2020 · The FTMO challenge is a hot topic and some people jump feet first into it. Paid for the FTMO challenge and was went the ctrader account credentials. In conclusion, passing the FTMO Challenge requires a combination of skill, discipline, and risk I've been reviewing my trades. You have to be profitable to be able to make money on their . I think it's worth it. Long story short, take your time! 1. People bitch about higher cost and FTMO being 'plain jane' without all the bells and whistles, but that's what makes them great. Overall, passing the FTMO. Their challenge requirements are slightly less too. This topic is mainly for people who already have a challenge going on, and they struggling with it, as it become more stressful and it might influence your performance. First things first, let's start with the basics. If you are able to repeatedly pass our Free Trial, then there are chances you can succeed in the full FTMO Challenge as well. Conclusion of How to pass the FTMO Challenge. That is the best way I got to get the funded account from FTMO. once you pass they give you the acct, and from then you grow the account and get paid from it 34 votes, 61 comments. Passed all my evaluations in the first try after 1 year of trading, received payouts but only few hundreds, then blew the account, used profits to buy bigger accounts which I've passed also, and then blowing the live account before getting the fee back wow congratulations! I'm starting with the 10k and once I pass this challenge and verification I'm gonna go for the 50 or 100. 1K Likes. Seeing a lot of videos lately of people passing FTMO challenges on Youtube. Swing traders can go through a multi-month drawdown even with a profitable strategy, b You gotta read between the lines. I've been trading for about a year now and have been consistently profitable over roughly 1000 trades (I have my Oanda stats to back me up). let me know ! Peace I wanted to share a few game-changing tips that helped me conquer the FTMO challenge. At FTMO, clients have the same conditions on the Free Trial version, FTMO Challenge/Verification, and then directly on the FTMO Account. com challenge requires a combination of preparation, risk management, discipline, and continuous learning. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. 5-1. If the FTMO Account Agreement is successfully signed, you are given the right to use your FTMO Account in a simulated demo environment with fictitious funds. With the right strategy and mindset, you can successfully navigate this challenging process and achieve your goal of becoming a professional trader. You have to pay a fee to take the challenge, fee that is refunded if you pass. All the best for you tho. Can't go wrong with FTMO. AMA. They offer a 2 week extension if you’re up +5%. Just some side notes: If you don't hit the 10% mark in the challenge you can get another free challenge attempt as long as you adhered to the other conditions and closed with a profit. Get FTMO Passing Service from FuelForex. Achieving short-term profit is one thing, but at FTMO it is important to be disciplined in long-term and to follow […] 19K subscribers in the Forexstrategy community. Welcome to FXGears. I have tried the FTMO challenge a few days and got a very bad and unfair experience. Went to the ctrader web version and tried to login with the info FTMO sent me. So far so good, but I got there in 8 trading days instead of the minimum of 10 trading days. After passing both phases, you start getting all the profit you make. Sorry OP but that's a dumb question. They offer the same account sizes as ftmo. 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! 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. And looking where price moves to. One such challenge that traders often encounter is the FTMO challenge, an evaluation process used by the Forex Traders Money Office (FTMO) to screen potential proprietary traders. FTMO and other prop firms earn their money on people failing challenges. In the Free Trial, you will also View community ranking In the Top 5% of largest communities on Reddit. You don’t get any of the profits from the challenge. Which means you could spend 6 weeks to pass the challenge. The purpose of the Free Trial is to serve our new clients to see how it works and assess their trading skills to see if they have what it takes to pass an FTMO Challenge and Verification. By the end of this video you won't have any excu FTMO is a prop firm where you can get a funded account to trade. Just wait, don’t rush and enter solid entries. 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. So, in order to keep the live accounts, I decreased my lot size by 50% from the phase 1 challenge level. It basically means that if you manage to pass, you get funded and it costs you nothing. And did my due diligence asking them (the ftmo team) multiple times if i was allowed to hit the 10% target before the 10 day minimum. After a while it seemed better to simplify everything and just look at plain simple price action, I. Made a ctrader account with my personal email thinking maybe I can access the FTMO account after I get in, but still no dice. Traders tend to forget that for some reason. On the paper, gaining 10% and 5% in 2 months in a row is tough job. com/b/gUfIDGet up to $6 To pass a propfirm challenge you’re required to have a total return of around 13% (usually 8% phase 1 & 5% phase 2). The 2 major drawdown periods are plain and simply my fault. The relationship between an FTMO Trader and FTMO is based on the FTMO Account Agreement that we will sign with you after you pass your FTMO Challenge and Verification and create FTMO Identity. sbznifspiqdxeegwcztknpofekodpxuktkbmsayolxno