Ftmo premium reddit. If you have $1000, that's the exact same as having a $10,000 FTMO account; if you lose $1000 on an FTMO account of that size, they close your account. 5% with the 5%ers, all due to the spreads. 25% per trade with Mentfx since they have unlimited time per challenge, as opposed to 2% per trade with FTMO's 30 day limit. Then you have to complete the challenge where you have to make 10% in one month while adhering to their drawdown conditions. Yes , I keep it in mind however one question I still have if I'm in gains of let say 1k , does the daily loss self adjust? Another question is about hedging a trade but from my experience they would still consider the hdged loss not the winner ,so for this experience I won't be hedging my trades Musíte mít aktivní FTMO Account v hodnotě 400 tisíc USD (sloučený ze dvou FTMO Accountů v hodnotě 200 tisíc USD nebo z jednoho FTMO Accountu v hodnotě 400 tisíc USD). FTMO does have some downsides though the biggest being the news restrictions. FTMO. In the ever-evolving realm of finance and investing, the rise of the internet has sparked a wave of modern trading concepts and strategies. The true advantage about FTMO is that when you passed the test, you get the refund so it didnt cost you at the end. Was surprised when the transfer hit my account wasn’t expecting it, but it’s legit. Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. The hardest part for me is the psychological aspect as I can't find myself to stick to my original plans when going into trades. I said August because I'll have a whole week off in August. 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. Do your research but so far, my experience with MFF has been great. 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. You will never have worry about a "MyForexFunds" moment w/ FTMO. You only need to pass 8% in the first round and 5% in the 2nd to get funded and drawdown is 12%. The challenge consists of trading with a virtual account for 10 days, with a specific set of rules and conditions. 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. Yet FTMO will soon become my main source of income, but you do you🤷♂️ My concern isn’t taxing as self vs LLC the real concern here is how to account the foreign income for tax purposes. Now let me flame the f out of your cocky ass. 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. Read our full in-depth FTMO review and compare it to other Forex brokers before deciding if FTMO has the features you are looking for in a Forex broker. Special certificate for your achievement. I backtest a lot on TradingView, and also analyse on TradingView before looking to take a trade on MT5. S. M1 is made for those looking to build their wealth using powerful automation and topflight rates. 242 votes, 229 comments. Ziskovost Aktivní účast na úrovni Prime po dobu 3 měsíců s alespoň 3 výplatami a ziskovostí 4 % na výplatu na FTMO Accountu ve výši 400 tisíc USD. 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. FTMO is legit, and I assume they have a lot of very successful traders. Just a heads up in case anyone was looking at doing the challenges. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. Commissions/spreads are low and competitive. And even extra 10% more for those qualifying under the scaling plan. I then go to lower TFs one after another and see further levels of S&R that Advancing to another step demonstrates commitment and talent, leading to an FTMO Account with fictitious funds of up to $200,000 in a demo environment. When analyzing my trading style FTMO seemed like it was the best fit for me hence why I trade with them now. Ftmo is good for scalpers and you need luck because is kinda hard to make 10% in 30 days without luck. . Same thing happened with my first ftmo challenge, I was £700 in profit. I just waited until it came. I'm a little biased though because I also trade bitcoin in addition to forex and the MFF's crypto spreads are horrendously garbage imo. 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. So this how the first FTMO payout went. People bitch about higher cost and FTMO being 'plain jane' without all the bells and whistles, but that's what makes them great. My strategy is fairly simple to be honest just carry out top-down analysis see where the major levels of support and resistances are and where the general trend is to give me a bit of a bias. So it's been a while that I know FTMO, signed up with them at the end of 2019 not long after it launched, but failed the tests (2 100k acc tests), I then switched to trading cryptos (on personal accounts) and been quite profitable with that, and more importantly learned to trade better! Also, FTMO is managing their entire portfolio risk, so in your hypothetical example, there are likely a lot of traders with those positions (not just two) and all those positions offset each other to varying degrees. O programa tem dois níveis principais que pode atingir, com a possibilidade de alcançar o terceiro nível. The main reason is rules and laws. Can't go wrong with FTMO. -Share FUNNY Trading It's a huge improvement for day traders at least. which is more than enough to pay out the traders that do make money (90%+ loose) Congratulations! You’ve hit more than the target profit in 2 days and with only 7 trades! Great feat! Shows that waiting for your perfect setup and being disciplined while waiting is the key. 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. I've done challenges on both and I personally prefer FTMO. Se o Acordo de FTMO Account for assinado com sucesso, é-lhe dado o direito de utilizar a sua FTMO Account num ambiente de demonstração simulado com fundos I used to commented on youtube about how bad the slippage and spread was on MFF so I used FTMO even though FTMO is harder. com is a platform that provides traders with the opportunity to trade with real money and potentially join their trading team. Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press. there are 50 prop firms operating as of now , but no firm can match track record . Also live account cant buy you a peace of mind since anybody would rather lose their funded account than blow their live account worth of $3. 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! Always remember that these guys the run prop firms are always competing against other prop firms , in forex eventually after using statistics and time … 95% of traders will lose (the house always wins) only the 5% make it with good coin. Advancing to another step demonstrates commitment and talent, leading to an FTMO Account with fictitious funds of up to $200,000 in a demo environment. professionalism ,longevity of FTMO. 331K subscribers in the Forex community. Trying too hard and studying too hard has diminishing returns and is counterproductive. FTMO will look at their net exposure and adjust it at the portfolio level if it’s too risky. IMO, MFF only beats FTMO with better evaluation requirements. The difference between FTMO Account and FTMO Account Swing is that, in the second one, you can trade through news and hold trades over weekends. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. com/en/premium-programme/ more. The real question is do YOU have a consistent and profitable method? That is the real question. 2k up 🚀 Now you can get this EA + HFT EA for only 500$ Message us on… You initially pay for a challenge account. Anyway, I linked the two accounts to my trade copier, and the exact same trades have resulted in +4. When MFF imploded , I wanted to buy a 200k FTMO account, but I decided to get 2x100k, one each with FTMO and 5%ers to spread the risk out of another implosion. With FTMO, after 2 months of consistent trading you can have that capitol to trade with. 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. Sorry OP but that's a dumb question. Reply reply [deleted] I did not contact support. Exclusive discounts: 10% off all new purchases of FTMO Challenges and 15% off at the FTMO e-shop during the Premium Programme. Damn thinking back I was smart af. And still, I would be way more stressed out having a drawdown period on my personal account than on a FTMO account. No issues. Hello, good day everyone. Ftmo might he the next go seem ok just different targets tge 2% extra might take one or 2 goes however finish the month in profit and you get a free retake. I'm not worried about the 5% daily drawdown limit, I know how to avoid that. Got to give it to FTMO. I got upset that I closed the trade too early because I would have passed my ftmo challenge in that trade. That's true. Competition in the space makes everyone better off! Now is the time to take advantage guys ftmo profit split update The issue here is that you see all the 'success' stories and no failure stories. I still think FTMO is a great short term idea. Among these innovative approaches, Smart Money Concepts (SMC) has emerged as a compelling force. But is this concept, born in the digital age, really worth the attention of investors and traders? This […] Ive had so many slippage mishaps with ftmo where they literally will widen the spread just to hit yoir stop loss it happened literally 75% of the time with ftmo compared to mff. as long as you don't resort to shady practises and align your trading style with them , you are good to go. That way I can be at my computer whenever I want. I can demo trade just fine, I passed 3 ftmo trials one after the other. 1% with FTMO and +4. They would promise to fund your trading account with any of their chosen brokers (mostly small brokers located in Cyprus), for up to 100 thousand dollars leverage, but only if you first pay them a certain amount of money in advance for a demo. com's Reddit Forex Trading Community! Here you can converse… Welcome to FXGears. Nov 17, 2023 · In this video we will do a deep dive into the newly released Premium Programme by FTMO. FTMO's 70/30. Savings are hard to come by because FTMO doesn't give them out very often. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. Trust the process and don’t give up. 00 lot trade and that started the losing streak. Access to the unique $400K FTMO Challenge product. No "gotcha" moments or stupid fine print rules. com, a trading forum run by professional traders. I took a 2. The leverage is only 1:30 instead of the usual 1:100 however it is easily compensated by trippling your lot size. Orcale EA Running the exclusive premium XAUUSD set on this FTMO Challenge, £6. so let me clear things up: your trades never get placed in a real market. The difficult thing for me will be reaching the 10% profit target. Same here. FTMO is a company based in the Czech Republic. Terms & Policies FTMO can only handle 2,000 SL/TP modifications, so maybe Before I insulte you I will let you know I’m from Switzerland so not native English speaker. https://ftmo. 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. There's no such thing as a prop firm that isn't a scam, because they show you numbers that you don't actually have. But for the challenge, they're faced with the same problem as before. Searching for it online is a waste of time. I’ve sometimes gotten stopped out of trades just for price to go my direction afterwards, because TV and the FTMO server/broker didnt align too well. -ftmo's business model is based on the failed challenge fees. FTMO has 5 stars! Check out what 13,593 people have written so far, and share your own experience. Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. with FTMO you can get a practise account and test fills , spreads for 14 days. Swing traders can go through a multi-month drawdown even with a profitable strategy, b Step 1 – FTMO Challenge. FTMO only lets you trade CFDs, which is illegal in the U. I’m in Canada, after long discussion with my accountant, I found the best way to do a job remotely and get paid from foreign source is to treat this income as export business. I can go on and on but mff wins 🏆. Getting fucked on market orders hard. I’m not sure ftmo suits low time scale scalping. anywayofcourse a prop firm is better than your own account for sure because with less money you can gain more Posted by u/rossquincy007 - 11 votes and 3 comments As you may have seen ftmo recently announced they're bumping up profit split from 70:30 to 80:20 as a holiday treat for passing traders. 5-1. Always payout, every time. Thanks for reading this FTMO review. Our FTMO Challenge is the first step of our Evaluation Process. 5k FTMO without second thought. I want to take the FTMO challenge for a swing account in August. - To be with other like-minded forex traders. 😕 Customers from the US are no longer welcome. Welcome to MarketScreen – Navigating the Financial Markets Together! 📈 MarketScreen is your go-to subreddit for discussing everything related to stocks, trading, and investment strategies. FTMO's Premium Program rewards successful traders with two tiers offering increasing benefits: Prime Status: More Money, More Profit: Increased maximum capital allowance (up to $600k) and a higher profit split (90% to you). Do my statements make sense? If yes, why would anyone not go for a swing account?. Now we can trade through high impact news and hold runners over the weekend if we want. Despite being a demo, FTMO Traders can get reward of up to 90% of simulated profits without risking their capital and access exclusive opportunities, including FTMO Premium Programme. M1 lets you earn, invest, spend, and borrow all on one financial platform. You have to be profitable to be able to make money on their Bem-vindo ao Programa Premium da FTMO, onde traders de elite têm acesso a benefícios e recompensas excecionais. seems like you guys have not understood how ftmo works. However, before you can do that, you need to pass their challenge. I guess that's where personal preference comes in because I'm perfectly fine with risking 0. Their challenges are a bit tougher than My Forex Funds where I'm currently funded. Spread on limit orders is also rediculous. A relação entre um FTMO Trader e a FTMO baseia-se no Acordo de FTMO Account que assinaremos consigo depois de passar o seu FTMO Challenge e Verification e criar a FTMO Identity. 8 - Win rate of 55-60%. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. It's way quicker than building up your personal account from 150 to 10k. even if it's just a simulation. For swing traders, it's a great improvement too once they actually get the funded account. There are 4 different challenge accounts you can pay for: $10,000, $25,000, $50,000, and $100,000. FTMO is a prop firm, you can pay a fee to be evaluated to earn capital (10,000 Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press. If you read what op said in other comments you would know he didn’t request a withdrawal but FTMO still send this to everybody who reach the date of their profit split but didn’t made money. In the other note I believe in every single one y’all who are trying to make a change. Welcome to FXGears. FTMO is legit and has been around for a while. A dedicated customer support agent to assist Prime Traders. Even on Gold I notice there spreads can get a little high. 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. Why FTMO funded account trial is a dangerous trap for you. Took alot of shit from other people. I have been trading since 2020… Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press. 1%-0. sszfvbuchzmesvisfikphlwunfahfacjtjvwphwbdrleboavezauxwmhbir