How to use ftmo reddit You can set as You want even 5 pips SL 15 pips TP ) I am using it at 0. Yes people lose their account mostly by not putting any stop loss in place. When considering your risk you need to use the maximum drawdown amount, not the total account size. No need to be greedy for more 🙂 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. What's the difference between ftmo free trial vs challenge ? FTMO Evaluation Global s. They don't want you taking the exact same trades as others or it may flag you as having duplicate Though that FTMO extension is sweet, unlimited time limits, small targets, and faster scaling are sweeter for my strategy. I've narrowed down and will share some things that stood out and helped me succeed. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! But Lambo Raul has made a record for the highest payout from FTMO. I’ve been trading for about 2 years and have yet to make a consistent profit. It means you're getting another shot at conquering the challenge and reaching the profit target. As long as your risk is ok and your stop losses are set properly there shouldn’t be slippage. com is a platform that provides traders with the opportunity to trade with real money and potentially join their trading team. I use supply and demand zones marked in daily & weekly timeframe, trendlines and trend channels. " Members Online. S. I went onto FTMO, as from what ive read and heard, they are ok, and i have signed up to their free trial to try their 70,000 account. They hold overnight, all year round (albeit different assets at different times). Looking at the top 3 on their monthly leaderboards, this person Kasper was at like 90k by June 3, and $270k June 9. FTMO basically, made a two-step process to check out your trading performance. Open comment Welcome to FXGears. 5k using 1000:1 or 500:1 liquidity with a broker like LMFX, Hugosway, or any unregulated broker, you can trade using the exact same lot size. 000 x 30 = 30. 9%) of those survive until the first payout/refund of challenge fee. Don't panic towards the end of the challenge to meet the profit target by risking more. I was looking at getting a funded account, to use alongside my live account that i use with my own money. Do your FTMO is it's own broker, I've asked that recently and that's what they replied. Taking partials is not the same in trading view account. 1% of those who take a challenge pass both stages. Overall for signals and strategy I use Oanda data as I trade that in parallel with my current strategy. I just don't have $3. 3 pips on USDJPY, no rollover no news, London session. news announcement would carry certain rules around trading the event. This is why I recently have been focused The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local laws or regulations. People use FTMO to get around some of the leverage restraints in the US and I don't believe they have restrictions as far as nationality for signing up. For forex pairs, the contract size is 100,000 which is 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 In order to become an FTMO Trader, you will have to pass our 2-step Evaluation Process. Today's Production Update. 5-1. FTMO - I’d advise anyone to use FTMO before another firm as an overall choice, simply because they’re possibly the most established and reputable firm among the industry. Remember to take it once you have an experience and well built system. Top 1% Rank by size . This subreddit has gone Restricted and reference-only as part of a mass protest against Reddit's recent API changes, which break third-party apps and moderation tools. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I have heard/read that FTMO doesn't have a time limit in place at all anymore, is this true for all FTMO challenges? Use this subreddit to get advice on renting or buying I personally think FTMO is the better option due to not having to worry about those lot size restrictions that 5%ers imposes. r/Forex. ( RR 1:3 ,RR 1:4 , You can even change the SL and Take profit . My trading plan using the Swing FTMO account, in terms of how I understand Crypto Futures, was trading BTC using 1% for position (100. 315% from anything related to profit taken from derivatives. Then some ups n down now I have 3 funded accounts with mff. I’ve been funded by ftmo for a couple years and I remember being bummed when cTrader was discontinued in the US. Spread is honestly incredible. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I only use FTMO and MFF, they offer a scale up plan every 4th month. I’m currently using Maven, and have received payouts within 48hrs usually. For beginner advice, brokerage info, book recommendations, and more, please read our Wiki here. I think we have the same strategy break in support/resistance retest then confirmation with candlestick pattern (e. FTMO developed a 2-step Evaluation Process to find trading talents. After you sign up, you can either start an FTMO Challenge right away or, as we usually recommend, start with Slippage only occurs over night with stocks or on the weekends with indices and forex. /FTMO Evaluation US s. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Thats why we have Swing Accounts like on FTMO now cos that what swing traders do primarily. I started a 100k toptier trader challenge this morning using mt5 via think market. " And here I'm the author and only user 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. they researched ftmo and found that their traders only trade the demo account as most lose. In this case. r/Daytrading A chip A close button. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. The prop firm will control the account at the About FTMO. does not provide any of the investment services listed in the Capital Market Undertakings Act No. TopStepFX is another option but their funded account sizes are really small so I wouldn't even think about I've literally just done this with my personal blackbull markets account and copying to an ftmo demo challenge. As for high frequency trading (HFT) with an EA, FTMO does not specifically prohibit this type of trading, but they do have some restrictions on the use of EAs. 000 for a position, and for Stop Loss I would risk 2% (600usd) to 3% (900usd). Here are my findings: WHAT I like about FTMO? 😀 For new traders, FTMO is a good place to start. Most importantly, have fun! Your trading journey is a Also, I downloaded data from Dukascopy and the performance differs greatly, if I only plan to use this for FTMO challenge, there shouldn't be any problem right? Reddit's largest community for the discussion of replica fashion. A few months ago this happened to MFF as well. so does anyone know if trading forex with their capital is legal for an Indian citizen and we're not violating any fema or rbi rules . I think most of it comes to revenge trading and options instead of a stable cash account like FTMO where I don’t have theta or PDT. Man, I always found with ftmo that my stops always got triggered a little extra in loss and my TPs never ever got slippage in my direction. Taxes is the whole point. 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. does anyone have knowledge about it Paid for the FTMO challenge and was went the ctrader account credentials. I’ve made the profit target that’s in supposed to do in 10 days in 2 days and not with big lots or risky moves. 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. How about a Free Trial? We offer a Free Trial account, which is an abridged version of an FTMO Challenge. Real 1:1 clothing era is coming. - No challenge was done in a day or a single lucky trade, all trade 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 That sucks. Went to the ctrader web version and tried to login with the info FTMO sent me. One of the first question any broker asks Hello, I would like to start two challenges with two different prop firms, FTMO and The 5%ers. 200K on FTMO? At that point 1% is 2000, and 10% is 20000. View community ranking In the Top 20% of largest communities on Reddit. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Currently I'm doing the FTMO challenge and I got to the profit target. Yes. If i’m maxed out on those 2 I will be fine I guess. Depending on where you are you could also have a look at Darwinex and DarwinexZero as they are a great alternative to FTMO Welcome to FXGears. Doing well maxed my funding on FTMO, I see that as a bank now lmao, currently doing the prop firm challenge and using a trade copier to mirror my entries onto my ftmo accounts, and US30 only I made the switch to this around 6 months ago With FTMO I’m fairly certain there are restrictions on certain news evens across relative pairs. Experience so far is good. I went onto the Metrix section after the first day, and I am not sure how they calculate what they calculate. Upon successful completion you can get an FTMO Account with a balance of up to $200,000. I personally won't go there because of it rules (In my opinion ftmo forces traders to fail) and that 80% profit split make trader wanna try, but that split is not important at all. Daytrading futures, forex, stocks, etc. We do not require you to use a Stop-loss (although it’s generally advisable to always have certain safety measures in place) and the maximum volume per order on Forex is 50 lots. I use a discretionary strategy but contain it with SLs A subreddit for news, tips, and discussions about Microsoft Bing. We are a non-judgmental place of compassion and light-heartedness. Prices are relatively higher than other firms but like everything, reputation comes You can trade your FTMO Challenge, Verification, and FTMO Account on some of the most popular retail platforms – MetaTrader 4, MetaTrader 5, DXtrade, or cTrader. I guess the main questions are- is that the best way to do this, should I just hire a CPA (suggestions?), and are any of you trading for FTMO/how are you paying your taxes (if you are US based)? Yes, from my review of the same question, I believe US persons or entities can participate on the FTMO platform. You can trade all the instruments and What are FTMO Points and how can I use them? How do I qualify for the Prime Status? Is the Premium Programme compatible with the Scaling Plan? Can I merge four $100k FTMO Accounts into a single $400k FTMO Account to apply 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. Thanks Share Add a Comment. If i pass i then try to get agressive and get as much money as i can and then usually crash the acc. I know ftmo has a payout date for profits. Payment Providers use XRP to expand reach into new markets, lower foreign exchange costs and provide faster payment settlement. I know some people who can easily make 50-70% return each month. FTMO. How the FTMO Challenge works – the process of proving your How to start? Before you decide to accept an FTMO Challenge, we want to make sure that you know what you are up against. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. Welcome to FXGears. FTMO companies do not act as a broker and do not accept any deposits. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! why is ftmo price and Trading view different . Step 1: The FTMO Challenge A 30 calendar day demo account where you will have to trade according to our rules. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Wow this dxtrade platform that ftmo forced US clients into is absolutely horrible. I also was funded once but I haven't traded since last year. For immediate help and With FTMO, to get your 70% profit share, you have to invoice them, which I would do from my LLC (once I create it). 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! Welcome to FXGears. Additionally, I setup fibonacci extension for 4 hour & daily. Please direct all simple questions towards the stickied monthly discussion FTMO are dodgy af. If you set a sell/buy limit in the opposite direction in trading view it will copy over the sell limit to the funded account but it will be a separate I either pass ftmo or fail. I use 50k ftmo account. Soft breach is when you momentarily dip below the allowed loss limit, but don't worry, it's not game over!. A new prop firm could go bankrupt if their model is not bulletproof. Didn't work. English is not my first language and when you said that I didn’t knew the term in English. In FTMO, the maximum daily drawdown limit allowed on a $100K account is 5% which is $5,000. 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. So now I have my I believe the secret to these prop firms is using a really small % lot size once you get a live account(s). How does it work?. It trades RR 1:2 Daily EURUSD ,GBPUSD ,USDJPY , USDCAD. Do my statements make sense? If yes, why would anyone not go for a swing account? Welcome to FXGears. Log In / Sign Up; Advertise on Welcome to FXGears. - To be with other like-minded forex Welcome to FXGears. You only need to pass 8% in the first round and 5% in the 2nd to get funded and drawdown is 12%. Use leverage as a tool to open more positions. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! FTMO gives you a free retake. I just wanted to know if FTMO is still worth it. but im assuming how that works if i were to work and make a profit (hypothetically) from an overseas companie like FTMO, i wonder if the same rules apply I’m currently doing an FTMO challenge and I have a question about crypto contract sizes. Since the challenge resets you can use all that risk you have accumulated and start making larger trades to pass the challenge the closer you get to running out of time. You can bounce back and continue trading. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I'll use those profits to head back over to FTMO as I tested my EA using FTMO data, if I were to sign up for a challenge, assuming if I can time travel back to the time when this EA was tested, will the results be the same? Welcome to FXGears. Expand user menu Open settings menu. Ftmo is a scam 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. anywayofcourse a prop firm is better than your own account for sure because with less Welcome to r/DayTrading!. I'll hold anywhere from a couple hours to a couple days. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I am in the process of starting a LTD company in the U. I enjoy playing swings using RSI, keeping in mind support and resistance and the higher TFs. Go to FTMO_Forex_Trading r/FTMO_Forex_Trading • by rossquincy007. Congrats brother on passing ️🍻 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. And still, I would be way more Stay tuned as we break down FTMO step by step. As long as you don't let yourself go below the starting balance you won't have to buy another challenge. So far so good, but I got there in 8 trading days instead of the minimum of 10 trading days. com, a trading forum run by professional traders. I use top down analysis at the core of my strategy. Similar trade on FTMO did not slip, another trade I got stopped out when the price was 0. they pocket that money and use it to pay the few that do win. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! You can have FTMO account be the source of the copy (the "from") but not the target if the copy (the "to"). I got slipped 4. . People try to be consistent with ftmo. K. we're just providing our services to some foreign company and they're paying us. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. Especially since my average holding time is 12 days. Not actively monitored by Microsoft, please use the "Share Feedback" function in Bing. I placed market order on gold at peak London session and the line of execution on mt4 was literally not even close to where the candle was showing. 5% a trade, I just feel like I have been so unlucky this whole time, I haven't won a trade so far this 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. They don’t use EightCap like many do, and systems have always been stable in terms of execution speeds, slippage etc. This requires you to be using too much leverage. But they do not provide any more details. The potential for account growth is however capped which is a huge negative for me. More posts you may like r/Bogleheads. For example, a U. Questions as title says, i’m using the demo at the moment but prices are different. But here is the problem: is FTMO using the same business model ? Especially because they claim they use their risk management for demo accounts connected to live markets. Be sure to read sub rules before posting, use the resources linked in the sidebar / about section of the sub, and use search to see if your question has already been answered. The leverage is only 1:30 instead of the usual 1:100 however it is easily compensated by trippling your lot size. Reply reply Now that MFF is having some issues due to their business model that involved using money from challenges to pay traders. However, before you can do that, you need to pass their challenge. Then the new month you start with your initial balance which is 300k. I've seen a lot of FTMO Youtube videos interviewing some of their profitable traders who are making anywhere from maybe 5k - 50k profit split in a month. Considering how low the pass rates are for the challenges and then getting a record payout makes me think he is legit. According to MFF's own statistics around 2. If you're wondering why a stock moved a certain way, check out Finviz which aggregates the most news for almost every stock, but also see Reuters, and even Yahoo Finance. good luck man, I would suggest trying the one of one funding, it is only 65 bucks. It has STOP LOSS 10 PIPS AND TAKE PROFIT 20 PIPS . I've been reviewing my trades. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I’ve got a few trading buddies who are apart of FTMO although they all use mt4 hence why I’m asking around online. Hey u/Smooth_Fly6155! 😎🚀 . if i were to file tax report here from the profits i get from local broker, the japanese broker will generate an annual report for me to use it for tax filing. And repeat those steps again. Please leave your thoughts in the comments. Welcome to r/Ontario, the largest and oldest online community dedicated to the lovely people of Ontario, Canada! We strive to be the best place to talk and discuss all things Ontario. They are also large enough to offer their own brokerage along with your FTMO is legit and has been around for a while. I tried using a tax return document first, but it was denied for whatever reason. I would not recommend using it as a speed boost as it will either make you hit the wall at super sonic speed or crose the finish line at super sonic speed. Reddit has made some changes in their billing for API calls that effect ALL of 3rd party developers that have alternate apps. So please if you don't have a LTD company for trading or are Congratulations on your FTMO challenge bro If I might ask , which session do you mostly trade ? I am currently trying to figure it out which session I can use efficiently with my work 5AM to 2 PM & sleep schedule !! I notice one of your trade set up you shared in the comment and I am try it out . 9 pips away, also had the same trade on FTMO that did not get stopped and went on to take profit. They aren’t a broker, they use an institutional liquidity provider. Trading is hard. Please remember: Reddit IS NOT a replacement or substitute for a qualified solicitor, and any advice given here which relates to the law is purely academic in nature and should not be relied upon. The r/GolfClash subreddit is dark from June 12th-14th in support of the Reddit Blackout Protest. /r/immigration is protesting Reddit's API changes. It sounds simple but please don’t underestimate it. Given it is a new platrom, expect bugs here and there. Once I’ve selected my top performers from these tests they will go into a few smaller final tests before I take any challenges. Your first goal for the day is developing good trade ideas, a close second is managing risk. 256/2004 Coll. 9 pip spread on Tokyo session is unacceptable, I get 0. I just use it as lottery Welcome to FXGears. o. FTMO’s model is very innovative though once having passed the Challenge and Verification test phases and having become eligible to participate on the FTMO platform, the so-called FTMO ‘trader’ basically just plays an electronic game of simulated trading with virtual Whereas the market orders on ftmo (not all but some) have had insane slippage. Even fewer percentage (0. I just started this year ,blasted first account of 10k with mff. The lack of notice from Reddit, exorbitant pricing and terrible official apps are unacceptable This was my first time using Meta4 under FTMO. /r/Altcoin is one of Reddit's original cryptocurrency subreddits, started 10+ years ago! Altcoins are generally considered everything but BTC - even ETH is considered an Welcome to the r/FTMO_Forex_Trading subreddit dedicated to discussing strategies for passing the FTMO. To pass challenges FTMO, FUNDEDNEXT or any prop firms. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Does FTMO use 3rd party registered and legitimate known brokers or are they in house broker ? ! Is simple , as traders for us to choose prop firms thats the biggest red flag Like the market owes me right. Then, I submitted a recently issued credit card statement and thankfully it was accepted. I trade a live account with ftmo for a while now and never experienced any bad slippage. Wanted to dive in and figure out how to use the platform. Please press "See Community Info. I have been doing this for almost a year and now I’m using ftmo to see how it works. Please participate in other subreddits (other communities on Reddit) to increase your Comment Karma points. Made a ctrader account with my personal email thinking maybe I can access the 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. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local laws or regulations. First of all I would like to know from people who had any experience with these two, if they are both allowing to copy trades between account on different prop firms. Their challenges are a bit tougher than My Forex Funds where I'm currently funded. Plus the scaling aspect, even a $10k ftmo account can eventually scale to $2M account. Without mt5, I’ll probably just finish out the month with the profits I have now and be done with ftmo. It all depends on how quickly the trade moves. In essence, less than 1 in 100 people who take a paid challenge survive until the first payout and challenge refund. If you watch some ftmo interviews on YouTube you will easily notice how little experienced are some of the guests. so does anyone know if trading forex with their capital be legal for an Indian citizen and we're not violating any fema or rbi rules . com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Just wondering if it is possible to use ftmo cTrader account and invest/connect it to one of the cTrader's copy strategies. The ctrader credentials ftmo sent me do not work when I go to the web version and try to login. I created an account on ctrader thinking once in maybe I could switch to the FMTO account, but still cant see where, how or if that is possible. prop firms like ftmo,mff allow traders to trade with them globally. A couple things to note. I’m purely using stop limits now. struggling to understand how to open the Ftmo is good for scalpers and you need luck because is kinda hard to make 10% in 30 days without luck. 2 on FTMO. you could also use a strategy that will get you past instantly first open two accounts, then wait for london session to start, on one account to go long position with the highest lot size setting the profit to be two times the high of the previous one hour candle, do the opposite with the other account. How I link the two is via use of a webhook from TradingView to Anyhwere, though I am having to pay for it, but its minimal given the benefits and experience so far. I like using tight stop losses in order to get high RR trades so 5%ers just wouldn't work with my trading style. Renewal is like hitting the 'refresh' button on your trading journey with FTMO. No what I meant, is for example when you first start trading they'll pay you from the money they make from evaluation fees and if you are a profitable trader then they'll start copying your trades so my question was how much* money realistically before FTMO starts copying the trades and giving you money from the profits of the trades they made prop firms like ftmo,mff allow traders to trade with them globally. com's Reddit Forex Trading Use this subreddit to get advice on renting or buying accommodation in the UK, or to have civil discussions about it. FTMO is a prop trading firm. My question Welcome to FXGears. Full of bugs and constantly stuck in zoom in focus on some time frames. Now, my hypotesis are 3: They are really professional traders (very unlikel, maybe 1 out of 1000). US nationals/residents including the US overseas territories (Guam, American Samoa, Northern Mariana Islands, Puerto Rico, and the U. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I used FTMO in the past and they are legit, I was able to withdraw and everything but I had to change my strategy and it doesn't work with FTMO's parameters. If you have a credit card bill or a utility bill I would try that. I am wondering if anyone is using FTMO from the USA using another citizenship and DX trade platform as mt4/5 are banned. Also, with the prop firm I use, Apex, the trailing drawdown becomes fixed at your account size +100. com Challenge! CSCareerQuestions protests in solidarity with the developers who made third party reddit apps. Its profit split structure starts at 80% and transitions to 100% profits quicker than Bootcamp, and the additional monthly salary is a unique incentive. And, especially in futures, most people lock profits and keep a runner. Another point to note is that trading with own money is always better and profitable in long term. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! FTMO and Alpha capital Reply reply More replies More replies. This way, if you have a consistent strategy, you won’t lose the account. He made 100k with FTMO in a single month, the interview is on the the FTMO YouTube channel so it's definitely not fake. However, account grows much quicker than FTMO, so still better than FTMO purely on the weight of account growth A subreddit for discussing credit cards. Just received this email from FTMO. Then took 2 in the same time, spent little bit longer. 5% / trade. Statistically, you'd hit the wall more :D Welcome to FXGears. Very beautiful effort by you. r/Bogleheads For FTMO, the two trials involve more luck that normal trading due to the time constraint. . FTMO pays out there traders, yes it's true that they make a lot of money from failed challenges but the reality is it would be strange if they didn't. The challenge consists of trading with a virtual account for 10 days, with a specific set of rules and conditions. 0. to main content. Reply reply Top 1% Rank by size . Some people like to go with more trusted options. How do you use fibo and rsi in your chart as confluence i need to try this . Let's say some other trader in another part of the world also happens to trade the 5m EMA crossover strat and takes the same trade as you. Btw im taking also a prop firm challenge but not ftmo. FTMO has specific rules and guidelines for trading in their Challenge and Verification phases, and it is recommended that you review these rules before starting your trading. The offered technical solution for the FTMO platforms and data feed is powered by liquidity providers. I see no reason to use anything either than FTMO, they have established themselves, have lots of good reviews and most importantly they have the capital to pay people and support their system. You are trading with their money with the intent of producing a return against the market. In this terms I thought about the Challenge. If you believe this was a mistake, please kindly message the Welcome to FXGears. More posts you may like r/Forex. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! By using a third-party EA, you potentially run a risk of being denied the FTMO Account if you exceed the maximum capital allocation rule. I still can’t quite figure out how the daily loss works. I heard that mt4-mt5 is getting permanently banned for all USA clients. You will have superior account conditions in the form of our own FTMO account solution with very low commissions and raw spreads. I have traded at FTMO Trial failed one but passed twice. does anyone have knowledge about 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 . green cards, raids, deportations, etc. I am using TradingView for my analysis, and using DXTrade for order execution only. It's up to the broker you use with that prop firm if they scam you or not. 1M subscribers in the Daytrading community. We’ll cover: What FTMO is – their mission and how they empower traders worldwide. XRP is the fastest & most scalable digital asset, enabling real-time global payments anywhere in the world. You can set the risk as You want . com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! FTMO has been in business reliably for over 8 years as a prop and longer as a broker I believe. 5k sitting around that I can afford to use so I'd rather pass the challenge in one shot and build my own capital to fund myself. If you pass it, you get funded. Mff is good but sometimes spreads are slightly higher than ftmo but that shouldn't concern you much Ftmo they have 10% requirment in first stage n mff have 8% also mff is a bit cheaper. 000 account) and 30x Leverage, so I risk 1. They have basically Well, maybe you don't know how FTMO works, but basically FTMO are providing financial services to financial institutions, banks and personal investors including investors in FTMO and the owners themselves and the good traders are the Welcome to FXGears. g engulfing). Get app Get the Reddit app Log In Log in to Reddit. The max daily loss is the thing you need to watch out for. 3. Even if i get 5-6% on that account its like 3times my monthly wage so iam gucci. Virgin Islands) are not allowed to use MetaTrader 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, Welcome to FXGears. But I’m still questioning if ftmo would do a full payout on such high profit. My top choices are The5ers, FTMO, and Darwinex Zero. These 2 tests I’m using have a total of over a 150 EAs and everything is connected to FX Blue. Let's say you trade a tripple EMA crossover strat on the 5m. Please only submit content that is helpful for others to better use and understand Bing services. This was my first trading day using the trial as well 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. Also, i created a script which i don't even need to look for entries, it does all for me and i enter when i get the alert from tradingview ahahaha it's so beautiful to avoid looking the charts and spend my time for it. 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. It's way quicker than building up your personal account from 150 to 10k. FTMO uses their own data and you will have to get details from the account and connect via the MetaTrader Apps. 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 FTMO isn't all sunshine and rainbows, but they have the risk rules in place to protect you (and to protect their money). With FTMO, after 2 months of consistent trading you can have that capitol to trade with. But once you have the funded account, there's no reason to take any risk that will blow your account. While you're at it, read through Reddit's "reddiquette" here. Not at all. For an intraday trader though, I agree FTMO is probably a better fit since you'll be Welcome to FXGears. I think I read somewhere that FTMO paid out 25 million last year to traders. for the purposes of receiving trading income from FTMO. So obviously, there’s something wrong with the strategy. FTMO or any Forex funded account for that matter, is not worth your time and doesn't make you any money in long-term. The subreddit has Yeah you can use an EA, and yeah you can use a bought one BUT you may run into issues where they think you got multiple accounts. Open menu Open navigation Go to Reddit Home. 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 ye japan taxes 20. I'm a swing trader looking for a funded challenge, FTMO seems the most legit, but I'm not too sure if it's appropriate for swing traders? I hold trades generally for 2-3 days (average 1-2 trades per week), and I've been consistently profitable for a while now (small live account). IIRC, the FTMO being the target is a TOS violation and they WILL Hey dude you don’t have to be that way. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Here is an FTMO discount. Sort by: Best. 8 - Win rate of 55-60%. A place for those that suffer to gather and share their stories. I took 1 first and get it pretty quick. reddit's new API changes kill third party apps that offer accessibility features, mod tools, and other features not found in the Welcome to FXGears. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! As long as you are a US citizen, regardless where you live in the world, you will not be able to use FTMO. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Forgive me but wouldn't it have been wiser to take up the challenge with the biggest account like for eg. If not possible, tell why ? Share Add a Comment A place for redditors to discuss quantitative trading, statistical methods, econometrics, programming, implementation, automated strategies, and bounce ideas off each other for constructive criticism. US citizens cannot use FTMO moving forward. Surely that What broker does FTMO use for crypto trading? TRADING Hi! I am researching prop firms and I want to know what broker FTMO uses & what is the slippage for crypto trading. there is a documentary on bbc iplayer called instatrader. Using XRP, banks can source liquidity on demand in real time without having to pre-fund nostro accounts. Because when you overleverage with $3. Things that helped me pass my FTMO challenge, verification, funding and payout . The main indicator I use is EMA to strengthen the candles structure and it's a good indicator for me to a sort of that. I consider myself in between day and swing. For traders focusing on developing and using automated trading systems it means that MT5 is faster and more efficient in testing strategies by using a multithreaded approach and the ability to test multiple currencies at once. r. In this case, the trailing drawdown is a non-issue. wcmu bjtcz uojlcs meu jaaybb uae kujth veqx eydz rhwq

How to use ftmo reddit. For immediate help and .