Free ftmo challenge reddit Or 2. Just a curiousity of mine. let me know ! Peace What I did with the challenge is just trade normally, make a a nice buffer and if the deadline approaches and I'm not close to the target I would either increase risk or go all-in on one trade. I 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. Around 90% fail the challenge, and those who pass, around 90% lose their account in a short time. Looking through the trades since I triggered the challenge to start. The rules for the Challenge Passing help you handle risk management better. 59 respectively. co/gypqGK2 https://ibb. 09%, the profit factors are 3. Thats why Im asking if you had expierence with this. 5% profit per day. I’m very curious about this phenomeno, never took an ftmo challenge, would like to hear your thoughts and experiences. I'm taking a break until next week. Remember, in the market, perfection is elusive. 5-1. Keep trading sharp! Desde então, procuramos cooperar com traders sérios para capitalizar os dados que fornecem sobre a sua atividade e receber recompensas pelo seu desempenho em contas de fundos virtuais – As FTMO Accounts. 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. com challenge. Very happy with myself and my progress, especially that I started trading less than a year ago. 36 votes, 52 comments. Our FTMO Challenge is the first step of our Evaluation Process. 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. 242 votes, 229 comments. To advance to the next step, Verification, traders must succeed in the FTMO Challenge. But to your point about increasing from $140K to $300K: are you seriously proposing that a reasonable person, acting prudently, would let $160,000 sit in a a non-intrest-bearing-account if there was the slightest chance they may never receive that money? FTMO developed a unique Evaluation Process for traders, consisting of an FTMO Challenge and a Verification, specifically tailored to discover trading talents. I love practicing with these challenges. Another tip I would like to add is that you should take the free trial twice. Sorry OP but that's a dumb question. I usually trade my own money and wanted to know some things. Posted by u/Fantastic-Drama9484 - 6 votes and 16 comments AMP is a digital collateral token that offers instant, verifiable collateralization for value transfer. Keeping appropriate 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. I’m not saying its not hard. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. I have come along way! Please share your experience with trading or even FTMO :) Ftmo ticks all boxes, if you check reviews etc they are mainly all good ones, Plenty of people use ftmo not sure on your progress with forex but take the free trials before spending out on a challenge to be begin with and get used to there set objectives and rules 22 votes, 24 comments. However, if you can do that, then you are in the game. 326K subscribers in the Forex community. I did the challenge myself. Welcome to FXGears. Same thing with taking a prop challenge. 1%-3% max but I think 0. I will diversify my trades. And / or add 1000 dollars to a real trading account and see if you can build that up. You have to be profitable to be able to make money on their 875 subscribers in the ForexCracked community. Essentially, the challenge is free if you succeed. 5% per trade that’s one 1 RR trade per day. I have come along way! Please share your experience with trading or even FTMO :) 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. 8 - Win rate of 55-60%. Assuming you're between the top ones that pass the challenge, you now have the evaluation phase. If you manage NOT to breach any of the Trading Objectives (regardless of whether that is the FTMO Challenge or Verification) and your account ending in profit at the end of the trading duration, with all positions closed, we will give you a new FTMO Challenge free of charge. ForexCracked Official subreddit; Share and Discuss Forex EA, Indicators, Lessons, strategies, Video… Nop, I never tried/paid the fees for the challenge after passing the free trial. I am risking 1% per trade of 100k balance, and based on the graph, it shows profitability with drawdowns of 2. Just over 10 lots first 4 days and then 63 lots the last 2 days? That feels more like gambling . 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: I’ve tried FTMO and Trader2B, and can confirm that the culmination of experience day trading will help you be successful in passing these. Most importantly, have fun! Your trading journey is a marathon, not a sprint. Just take a chill pill. You will now lose the challenge if your account balance goes anywhere under 21. Entry cost: $495, refunded upon passing. Rish management is key, and you should aim for minimum 1:3 RR and risking no more than 1% of your account. After a while it seemed better to simplify everything and just look at plain simple price action, I. Countless YouTube videos, Udemy courses, Google searches. i’ve been reading posts and comments about FTMO’s challenge of 10% for 30days is ridiculously high. 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) . Hi, I've coded an EA, and I plan to run these 2 sets of parameters of the same EA. Reason is my backtest showing some spikes above the limit few times per year just 1 or 2% above the limit but enough to bust the account with the prop firm 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. co/gths3T3 Hi! This is the first time I do a challenge for a prop firm. 32% and 4. So, for example a common challenge is to do 8% in a month. Question about FTMO free re-try Prop Firms So I heard you get a free re-try if you fail the challenge but still end in profit without breaking the drawdown rules. e impulse, corrective, impulsive etc. 51 votes, 84 comments. That's how they make their money, and it's one of the best business models out there. A lot of traders have been able to make a good living by trading full-time thanks to FTMO. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. https://ibb. 10% target / 20 days = 0. If that’s the case then I will continue making trades. 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 Thing is, if you can't trade successfully a 1k account, don't even try a prop firm. 000) as their calculation-basis and call funding firms a scam because their account balance never went under 20k (25k 11 votes, 36 comments. You should do the free ftmo challenge, they give you 14 days to get 5%. " 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). -Share FUNNY Trading Welcome to r/FTMO_Forex_Trading! If you're here, chances are you're looking for some tips on how to pass the FTMO. AMP is an Ethereum-based token that makes transactions instant and secure. I don’t know if I get the profit split of the challenge or not, I guess not but I don’t know. 7 and 2. I don't think you're going to deny that an 85% winrate with a 10:1 average RRR for a profit factor of 61 is unsustainable. Challenge: Two-step program requiring 8% profit in step 1 and 5% profit in step 2, with max loss of 10% and max daily loss of 5%. 5%-1% is better for long run, Actually I was doing well in the two phases but in the FTMO account I wasn’t myself when I look to my entries back then i says WTF why did i took that trade whats the reason for the entry, I was just want to make money fast, Greed blinded my insight now, I believe revenge/over Trading has a huge psychological If you're in the scaling plan, you get a new "initial balance" reflecting the "scale up". 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. I would recommend improving your risk management before buying a challenge. Please dont get me wrong as I have a very limited knowledge about profits etc. 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 . I will look for sensible system of trading. A Forex Funding Challenge is an industry wide established term used to describe a component of the Funding Program where traders must complete specific trading tasks and meet certain performance metrics to qualify for a virtual funded account – the FTMO Account. I will get better funded. Now im 5% profit so I'm asking, will they give another challenge if i don't violate any rules or is it just one re-take and then purchase another one? Apr 28, 2024 · Step 1: FTMO Challenge. You have mentioned you're profitable on your own and with a large sample size, so congratulations. I could see I was trading in a emotional state and felt very isolated. You need to study for it, practice, take notes and review them, learn with friends if you can and only try to take the test when you absolutely feel like you're ready. I'm definitely no expert and have only just passed the FTMO challenge after a year of studying and messing around. Risking 0. Let's face it, a lot of traders fail and lose money and I admit it myself, if I hadn't used a trader to pass my tests, I probably would have lost money from the I am very risk averse so 2% per trade is high for me. Good stuff bro 💪I have started 25k challenge but I’m 2 weeks in -3% I do not think I will pass if there is any one out there who is willing to help I have open ears I have been trading a breakout strategy but I started during nfp week and the news killed me followed by the cpi in which my sl was not respected and I lost double (normally 1% but lost 2) 🥲 Start off by trying out a demo challenge, stick to a plan and if you can complete a demo challenge 3 times sticking with the same plan without issues, go real challenge and save yourself some money. Antes de obterem a FTMO Account, têm de passar o processo de Avaliação, denominado FTMO Challenge, seguido da etapa Verification. com is a platform that provides traders with the opportunity to trade with real money and potentially join their trading team. Check out my shared screenshots with FTMO challenge stats for a closer look at the journey to success. Except with taking a prop challenge, you can pick the day when you're ready and if a lot of props removed a time limit, then even better. The first step in the FTMO Evaluation Process is to pass the FTMO Challenge. But to your point about increasing from $140K to $300K: are you seriously proposing that a reasonable person, acting prudently, would let $160,000 sit in a a non-intrest-bearing-account if there was the slightest chance they may never receive that money? I 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. Hey guys. 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 14 days. And looking where price moves to. Here, you will have 30 days to trade. I’ve been trading since I got out of high school 2021. Don't panic towards the end of the challenge to meet the profit target by risking more. 600 Dollars (27k - 20%). Do not be tricked by fly-by-night firms offering cheap thrills. 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. Passed my 200k challenge today! Super pumped. - To be with other like-minded forex traders. FTMO is legit, and I assume they have a lot of very successful traders. The real question is do YOU have a consistent and profitable method? That is the real question. When you finally learn how to trade consistently and generate profits, the sky is the limit. If you’re really determined then plan on trying out the challenge X number of times until you get the hang of it. Trading 2 1/2 year u got any tips for on trading indicies (nas,us30,Spx) during nyse open at 6:30 I’m trying to focus on that with my next ftmo challenge (I’ve failed 5 100k acc 😂😂😂) 🤦🏾♂️ WHAT I like about FTMO? 😀 For new traders, FTMO is a good place to start. They have a long history in the industry, proven consistent payouts, and upstanding customer service. If you make even a cent over the 10K capital, FTMO gives you a free retake. I know if I do it good Here, my life in forex trading can be even better. This offers more room for loss compared to the other options, but has a higher entry barrier due to the multi-step process. Or take advantage of the challenge extension. Without the weekends, you’ll get 20 trading days. Both verifications took me more than 30 calendar days I believe slow and steady is the way to go with ftmo. 5% a trade, I just feel like I have been so unlucky this whole time, I haven't won a trade so far this week and Step 1 – FTMO Challenge. FTMO Forex Trading Community was created with the following intentions: - To help new and professional traders learn and improve their forex trading skills as best as we can, - To help Traders know more about FTMO and how to get funded by them, - To help/guide new traders in passing the FTMO challenge and verification stage. To be honest I have received several payments from FTMO since I registered on FTMO, I was able to make 62 000€ (not including the fees paid to the professional to take my tests). Ftmo ticks all boxes, if you check reviews etc they are mainly all good ones, Plenty of people use ftmo not sure on your progress with forex but take the free trials before spending out on a challenge to be begin with and get used to there set objectives and rules If you're in the scaling plan, you get a new "initial balance" reflecting the "scale up". 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 . My question is if any of you guys who have passed the first… 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. If you don't hit your profit target in 30 days but you're profitable (e. 5% a trade, I just feel like I have been so unlucky this whole time, I haven't won a trade so far this week and It is an opportunity to retail knowledge. Everyone goes through revenge trading at some point, I counter it by placing 1 trade per day at an absolute maximum (scaling into winning positions not included), win or lose, I place the trade and wait for the outcome, after that I go off and do whatever else for the rest of the day. Most people tend to still take the initial capital before entering the trades (let's say 25. I did pass my FTMO Challenge in like a day with my first two trades. . If you don't hit your profit target in 30 days, you lose the challenge. Why? It’s because that will give you a better idea on the FTMO challenge. FTMO. So today I failed my FTMO challenge. co/r5MtfCG https://ibb. 331K subscribers in the Forex community. I am training myself since months to get the ftmo challenge. 5% profit per week, 5 RR per week. They kept saying I had to wait till the 10 days are over and then i could reach the 10%. If you are able to repeatedly pass our Free Trial, then there are chances you can succeed in the full FTMO Challenge as well. No rush. Today i finished my first phase of my 100k Challenge. I just recently got my first FTMO challenge. Worst case scenario I get a free new challenge. - Each challenge was done separately, months between one and another. On the 50 lot day, if your stop loss across those 5 trades was 20 pips each, your risk was equivalent to $10,000 to make $840. Marley's aren't going anywhere Please explain it like I’m five. I am long on dollar pairs, I will be short euros. This serves as a testament, however, of how badly designed the FTMO challenge is. 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. As for risk management, a 1:3 risk-reward-ratio with just a 2% risk on solid trades was my golden rule. I can pass your ftmo challenge I’m only doing 5 spots . 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… Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. Upon completing the Evaluation Process, traders are offered to enhance their trading skills on an FTMO Account in a demo environment as FTMO Traders with a balance of up to $200,000 in fictitious funds. This includes unrealized losses. com's Reddit Forex Trading Community! Here you can converse… We are currently recommending and standing by FTMO. g +2%) you get a free retry. It has a free trial that’s quite tough if you ask me. com's Reddit Forex Trading Community! Here you can converse about… So last month i ended up 8% in profit but the duration wasn't enough for me in the FTMO challenge, didn't violate any rules, so they gave another free challenge. Buying another 200k challenge to max out my 400k allocation. And did my due diligence asking them (the ftmo team) multiple times if i was allowed to hit the 10% target before the 10 day minimum. This topic is mainly for people who already have a challenge going on, and they struggling with it, as it become more stressful and it might influence your performance. This stage serves as a testing ground for aspiring traders to showcase their trading skills and discipline. true. So for example, take the FTMO challenge, you’ll need to pass the 10% target. I feel I was lucky with the first phase 1 challenge, but the second phase 1 challenge took 23 trading days. First things first, let's start with the basics. Hope you all have a great rest of the week. Dont buy another challenge account until you are profitable I did that twice before I passed and while I learnt from it, I couldve saved 1400$. You have 60 days (double the time) to make 5%. The advantage of buying a new FTMO challenge is that I can take advantage of the new no time limit rule. gcyfm vzox jidceeu vzpaz excfff lhup oxfrso wllygrc txvrz yodzm