Ftmo challenge price reddit
Ftmo challenge price reddit. Now we can trade through high impact news and hold runners over the weekend if we want. The funded trader is new but has great reviews. I got upset that I closed the trade too early because I would have passed my ftmo challenge in that trade. Most people tend to still take the initial capital before entering the trades (let's say 25. 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. 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. After paying the €250 to compete in the FTMO Challenge you will be given an initial trading capital of €10,000 EUR (or the equivalent in USD, AUD, GBP, CHF, CAD). 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. The app is mostly for my peace of mind at work. Price won't be the same though and that could result in getting stopped out in MT4 when it looked fine in TV or you might exit a trade and leave too many pips on the table or get into a trade in an awkward position, or any number of things when trading with a price disparity. 8 - Win rate of 55-60%. Swing traders can go through a multi-month drawdown even with a profitable strategy, b I have tried the FTMO challenge a few days and got a very bad and unfair experience. Same thing happened with my first ftmo challenge, I was £700 in profit. Def do FTMO, completing that challenge completely changed my life because I would’ve never been able to trade with 100kUSD without them. i’ve been reading posts and comments about FTMO’s challenge of 10% for 30days is ridiculously high. This unique test, devised by FTMO, a prop trading firm, is the initial step in a two-step evaluation process designed to sift and spotlight trading talents. I'm definitely no expert and have only just passed the FTMO challenge after a year of studying and messing around. And looking where price moves to. I have reported the issue to the support team , I now await the response. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. I can't find the stats on how many traders have been funded for the year 2020 in FTMO. So once you withdraw your profit for those 30 days it restart like a challenge. 100 k challenge with 40 percent profit keep 10 % no time limit. I have 2 questions: 1- When have you received your account after passing the challenge? 2- When do I receive the refund for challenge & how do I receive it? Side note: I have tried 7 prop firms since last year. 00 lot trade and that started the losing streak. I'm new to FTMO. Posted by u/Key-Investigator-234 - 4 votes and 7 comments The majority of challenge takers are not aware of this and are risking only 1% to 2%. 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. Take profits when you can. You'll keep failing. Good afternoon Traders! I have successfully passed my $100K FTMO challenge. 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. I think so, but not all of them, people say why wouldn't they do it themselves, lest they forget max amount you can have is 400k on ftmo for example, so if he can consistently make profit on his/her own, they can do it on other accounts, and if they manage it after the challenge, take a % of what they make on the account, if they lose the challenge, they may only refund the service fee or I’ve tried FTMO and Trader2B, and can confirm that the culmination of experience day trading will help you be successful in passing these. If you can pass the ftmo challenge, that means you can double your capital in a month without the restrictions of ftmo. 50 loss or slight win. Very happy with myself and my progress, especially that I started trading less than a year ago. We will review your case and get back to you. The purpose is to test your trading consistency. I pass the challenge within 10 days. Upon successful completion of the Evaluation Process, you are offered to trade on an FTMO Account with a balance of up to 200,000 USD. For example, when you have 1 lot and the price moves +-$1, you will have +-$100. Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. While you're at it, read through Reddit's "reddiquette" here. People drive me crazy. Because every account you withdrawal from it’s going to say passing. 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. I explained my case, and even took the so called loss which did not equal what I was supposed to be losing. Just a curiousity of mine. If something still seems unclear even after reading the article, feel free to explore the FAQ section of our website as the answer is likely ready for you there. If you keep making consistent profits over three months you can gain larger accounts up I actually traded gold on FTMO demo account for a while. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. I don't understand why my win rate is 93. This is because TradingView sources its price data from various exchanges and data providers, whileFTMO's MT5 platform sources its data directly from its liquidity providers. 5-1. let me know ! Peace I only really have time to get a good look at them on my lunch hour (the section where I work has bad cell reception). Just had the largest payout I saw of 150 k to someone. FTMO and other prop firms earn their money on people failing challenges. If you believe this was a mistake, please kindly message the mods. 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. So you get a new 50k account every time. And I was wondering which is the best data provider on TradingView, to use for FTMO? Also, I have noticed the price on MT4 from FTMO server is a few minutes delayed, anyone else experienced this problem? Thanks. which is more than enough to pay out the traders that do make money (90%+ loose) Hello, good day everyone. This Evaluation Process consists of an FTMO Challenge and a Verification and is specifically tailored to discover trading talents. 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 ๐๐๐) ๐คฆ๐พโ๏ธ It's a huge improvement for day traders at least. 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. GBP 20,000 and CHF 20,000. true. For example, I bought at 1. You need to buy the challenge and then pass both phases. The market gives you several opportunities to take profits and break even. 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 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. I got my confirmation shortly after, only to get told today I apparently “exploited an error” at the time and it is prohibited to do so. e impulse, corrective, impulsive etc. If traders could do this regularly, they would trade their own money and be among the richest people to ever live on planet earth. The FTMO Challenge duration for all accounts is 30 calendar days. After a while it seemed better to simplify everything and just look at plain simple price action, I. Compete in the FTMO Challenge Swing you will be given an initial trading capital of €20,000 EUR (or the equivalent in USD $25,000. Different challenge types, 400k with a ten percent first month, 5 percent two month after. Aug 16, 2023 ยท August 16, 2023. I just waited until it came. I have been trading since 2020… Please explain it like I’m five. Please dont get me wrong as I have a very limited knowledge about profits etc. 36 votes, 52 comments. The Verification has easier Trading Objectives than the FTMO Challenge, as the Profit Target is reduced by half to 5%. 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 can pass your ftmo challenge I’m only doing 5 spots . . FTMO Challenge: Step 1. once you're a full FTMO Trader, you can even go on an entire month without trading at all if unforeseen The next section of the FTMO review explains the details of the FTMO Challenge, the Verification process and the specific trading objectives. FTMO Challenge. This caused me to fail the challenge. Jul 31, 2024 ยท €250 FTMO Challenge. And if you get lucky and you pass, you won't hold the account for long. 75% when I've made 16 trades and all profitable. 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… Coins 0 coins Armed with a newfound appreciation for price action and essential trading tools, I committed to my chosen path. 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. Mind you the max that I have lost is 1% per trade. 2nd day exceeded my max daily loss of 500€ besides I had 862 from the 1st daydoes this rule make sense? You will now lose the challenge if your account balance goes anywhere under 21. Today's article will be devoted to finding the answers to the several most frequent topics our support colleagues get asked about. -ftmo's business model is based on the failed challenge fees. Tools & Services that were unlocked for you when you purchased the FTMO Challenge will remain unlocked. Months of rigorous backtesting, adherence to my rules, and meticulous risk management finally paved the way for consistency. You have mentioned you're profitable on your own and with a large sample size, so congratulations. 513 subscribers in the marketscreen community. I’m not saying its not hard. •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. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the Let alone trying to make 10% profit in 30 days with this price action was just unbearable to trade in but I knew I had to trade since I only had 30 days for this challenge. Posted by u/Training-Subject825 - 5 votes and 30 comments 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. Quantlane was founded in 2014 and currently operates under the wings of the FTMO Group. 000) as their calculation-basis and call funding firms a scam because their account balance never went under 20k (25k I did not contact support. 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 We would like to show you a description here but the site won’t allow us. Currently undergoing the FTMO 10k Challenge phase 1 and safe to say I'm still in it. I have just started the demo challenge as well, and I am using TradingView to do the analysis. The company is filled with mathematicians, engineers, quants, developers, and trading enthusiasts who build multiple trading strategies in order to tackle the challenges in the financial markets. so let me clear things up: your trades never get placed in a real market. As I'm wrapping up with my FTMO challenge, one thing I would like to know but cannot find any information on is once you become an FTMO trader, what happens at your monthly profit split if your account is in a slight loss but you haven't breached any of the drawdown rules during that month? Say you end the month at $199,000 on a $200k account. 600 Dollars (27k - 20%). To hit your 10 day minimum trading days litterally enter and exit 1 trade a day at like a $0. I am a bot, and this action was performed automatically. For swing traders, it's a great improvement too once they actually get the funded account. com's Reddit Forex Trading Community! Here you can converse… The charts in TradingView and on the FTMO MT5 platform may have slight differences in terms of price levels and candlestick patterns. The 2 major drawdown periods are plain and simply my fault. I have not loss one trade. So from my assumption it’s basically like the verification and FTMO challenge without a 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. Countless YouTube videos, Udemy courses, Google searches. 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 . You have to pay a fee to take the challenge, fee that is refunded if you pass. I felt cheated and disappointed. Once funded you trade and make profit on an account and have $0 risk. I try to set myself a target of 10-12% per month. -Share FUNNY Trading Stop taking ftmo challenge. reReddit The Verification step is the second and final step of our Evaluation Process. But for the challenge, they're faced with the same problem as before. The issue here is that you see all the 'success' stories and no failure stories. If you reach your 10% you have reached your goal and move to the next challenge. After passing both phases, you start getting all the profit you make. Welcome to MarketScreen – Navigating the Financial Markets Together! ๐ MarketScreen is your go-to… Please participate in other subreddits (other communities on Reddit) to increase your Comment Karma points. The price gapped down to 0. 10 and put a stop at 1. They will believe anything to get rich quick. They vaguely explained how the the market price was displayed incorrectly however, the market price was the exact same as everywhere else I checked. If i do not violate any of the trading objectives and end up in the positive consodering my account gain, I am eligible for a free re-try according to FTMO's FAQ. This is my 3rd time with FTMO. Hey guys, I am currently doing an FTMO Challenge. Theoretically you could complete the entire challenge in a couple of days if you are good enough or get extremely lucky. I don't exit trades prematurely, I never look at my open P&L, just the price action on open trades. The FTMO 10k challenge has a daily maximum loss of 5% and an overall maximum loss of 10%. 331K subscribers in the Forex community. I over traded and just went in complete denial over the fact that I had just lost a substantial amount. On FTMO's YouTube channel, I was watching one of the videos about the process and they said in the video that you don't need to contact them because they already know your account is ready for the next step. And in my opinion, it is even easier than other currency because of the volume. There is enough volatility, making it easier to trade. 00. I want to take the FTMO challenge for a swing account in August. 242 votes, 229 comments. You just need to wait in the right time (I trade on NY section) and wait for the volume to kick in. The Verification step is the second and final step of our Evaluation Process. I failed the FTMO challenge because my stop loss was not triggered due to FTMO site maintenance. You don’t get any of the profits from the challenge. - To be with other like-minded forex traders. It basically means that if you manage to pass, you get funded and it costs you nothing. I love practicing with these challenges. It was then, armed with confidence and dedication, that I took on the ultimate challenge. I submitted a claim. 90 while the site was performing maintenance causing me to owe more than my stop loss. That means 30 days is the defined maximum of days available to reach the defined goals. Same with the 5% on the 2nd challenge. Seeing a lot of videos lately of people passing FTMO challenges on Youtube. 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. The FTMO Challenge is a pivotal gateway for aspiring traders aiming to make their mark in the financial markets. Our FTMO Challenge is the first step of our Evaluation Process. 10% a month amounts to about 314% per year, when compounded. I have a 93% win rate with total ~20 trades (only have 1 lose trade). FTMO 10k challenge - 25% profit but failed cause of So 1st day got 862€ profit. It's been a long journey, but my strategy seems to work well with a higher chance of winning when trading USOIL. I also did the same with an account on my wife’s acct and had 100k x6! No. Only 8% of all challenge takers pass. Deposit the challenge fee into a brokerage account and trade it away. I took a 2. This includes unrealized losses. I can demo trade just fine, I passed 3 ftmo trials one after the other. I feel the challenge is more of a puzzle. Welcome to FXGears. If you’re really determined then plan on trying out the challenge X number of times until you get the hang of 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. e. I have passed the initial challenge and I am currently trying for the verification phase. Have FTMO increased their challenge prices? I’ve just gone to purchase one and I’m pretty sure they’re more expensive than a few days ago? Reddit . 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) . This serves as a testament, however, of how badly designed the FTMO challenge is. seems like you guys have not understood how ftmo works. xvkqzu bejxp qjgbck zqb pdwcagex fuce awymt ygje bmfnaed dxmknhvh