Ftmo success stories reddit Tip 2 - Create reminder notifications for the upcoming week of all high impact news just in case. Although fortunes can be made very quickly in financial markets, they also can be lost at the same pace. Or maybe you have a success story you’d like to share. We paid out more than $190,000,000 to FTMO Traders and sent these payouts to more than 180 states. A quick reminder Doctor takes 7 years of school + training + license Pilot takes 3 years of school + training time + license Trading is Job you need to invest a lot of time into just as in any other Job. A place for those that suffer to gather and share their stories. Real fuking hard. Do my statements make sense? If yes, why would anyone not go for a swing account? Posted by u/[Deleted Account] - 22 votes and 17 comments When analyzing my trading style FTMO seemed like it was the best fit for me hence why I trade with them now. 800$ 4. Reply reply Revolutionary-Case36 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. Calculate three times and take the trade. The Reddit Law School Admissions Forum. 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. 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 Welcome to FXGears. For every success story there are at least 10 failures, because of that focusing on consistency and a long-lasting trading career would be much more beneficial for traders rather than hoping for one gamble to change their lives. Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. 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. (1% of risk per trade with 66% win rate) FTMO rules are far laxed compared to the firm I work for now but l manage a far bigger book and obtain bonuses and payouts. If they fail, you are still out FTMO's challenge fee. Post any questions you have, there are lots of redditors with admissions knowledge waiting to help. Crowdfunding is the new norm to download the most popular courses on social media for a… Thanks for everyones help in finding a good prop firm. If you can make 10% on FTMO for 5 months, on your private account you will have: Month 0: 100$ 1: 200$ 2. 3200$ At the very minimum, track win rate and profit loss stats over a period of time that would validate or invalidate your current strategy, separate strategies need different stats. Don’t overtrade or over-leverage. Ftmo looks to be the best fit for me. Discover the pros, cons, and real-life experiences of traders who have used FTMO's services. Trying too hard and studying too hard has diminishing returns and is counterproductive. Frigging hell you're starting a lot of shit over a mis-understanding/language barrier. Reply reply The difference between FTMO Account and FTMO Account Swing is that, in the second one, you can trade through news and hold trades over weekends. Any help is greatly appreciated! In Conclusion. You have to be profitable to be able to make money on their Hello, good day everyone. I’d like to know what you guys think of it. com What would you like to say to other traders that are attempting the FTMO Challenge? Give it your best show. Dont break the bank for forex and stock trading courses. 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 works for my personal accounts. FTMO does have some downsides though the biggest being the news restrictions. visit… Don't understand this fascination towards FnO when you know that it's a risky and unpredictable game. MyForexFunds is a prop firm out of Canada with similar challenge parameters as FTMO. -Share FUNNY Trading In a weird way, when I treat my FTMO accounts and personal account (connected with social trader tools) like demo accounts, I stop caring so much that it messes me up. Aug 12, 2023 · In this comprehensive FTMO review, we explore how FTMO provides funded trading accounts, evaluate traders' performance, offer support and education, and showcase success stories. See full list on ftmo. You can lose 10% on FTMO with 10% target, so you have to double your account. 1600$ 5. FTMO gives a short time to make 10% profit, which means that traders are forced to trade aggressively and implicitly increase the risk of losing and by this they have their future insured for FTMO because they live off the money of those who lose their fees when they buy a challenge. FTMO is legit, and I assume they have a lot of very successful traders. Anyone that has used it can you tell me how the payouts were and if you had any difficulties with them in any way. Welcome to FXGears. FTMO has a dashboard that lists the times that the news will be released. " What do you think is the key to long-term success in trading? We paid out more than $190,000,000 to FTMO Traders and sent these payouts to more than 180 states. Since FTMO is now gone and that’s what I was planning to use, which other prop firm(USA) is legit? I know how they work and I… So to them, it is a completely risk free business. Here are testimonials of our traders. Hi guys happy weekend 👋 I want to tell you my story with Ftmo challenge In the first week i was losing so much , I was opening losing positions one after another at day 8 my max loss hit 10000$, my determination was shattered, and I wasn’t in a good state mentally. The issue here is that you see all the 'success' stories and no failure stories. com, a trading forum run by professional traders. You can't open or close a position on certain pairs 2 minutes before or after a news release comes out that effects those pairs. 8 - Win rate of 55-60%. Regarding account management, MyForexFunds put out some interesting statistics about their traders a couple of months ago. Don’t be greedy. 42 votes, 37 comments. Check out the sidebar for intro guides. Sorry OP but that's a dumb question. - To be with other like-minded forex traders. Tip 1 - On your phone or computer you should add another clock time to match FTMO's local time. If they pass, you pay. 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. Be patient. You don't get his logic, because you apply the same rules to a private account. 20 votes, 56 comments. We are a non-judgmental place of compassion and light-heartedness. Trader Abdulwahab - "Number 1: Risk management, Number 2: Discipline. 343K subscribers in the Forex community. com's Reddit Forex Trading Community! Here you can converse about…. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. The real question is do YOU have a consistent and profitable method? That is the real question. Additionally, you need close any open positions on the pair it'll effect . The leverage is only 1:30 instead of the usual 1:100 however it is easily compensated by trippling your lot size. Am in a ftmo 200k account I trade gold mostly and I have 69% success rate am happy to share knowledge in return for same. Don't give them your fucking life story on how you trade SMC either. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. 5-1. 400$ 3. We have a collection of the most popular trading courses used to pass FTMO, myforexfund MFF, the funded traders and other prop firms. You are trying to find a (rare) success story just to keep your gambling addiction on, hoping that possibly you are the one who is going to prove everyone wrong and make it in this line. The best place on Reddit for admissions advice. I'm by no means bragging, I'm simply stating that FTMO is worth it and anything worth doing is hard. A Reddit Community run by MM community members for those that want to use, learn and understand more about how to heal chronic illnesses with Medical Medium information. I passed, focusing on my risk management, not profit. nuq dzoa mmmv whvtemq bakv xlohc vix slzydb yax hspin