Free ftmo challenge reddit Surely that would've helped with the greed no? 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. Just a curiousity of mine. 875 subscribers in the ForexCracked community. Unlock a free trial bundle of tools and services with our FTMO Free Trial. I love practicing with these challenges. You should do the free ftmo challenge, they give you 14 days to get 5%. See how your trading has evolved by next year. 5-1. It has a free trial that’s quite tough if you ask me. They kept saying I had to wait till the 10 days are over and then i could reach the 10%. 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. I have a Myforexfunds live account and have recently failed phase 2 of another challenge. i’ve been reading posts and comments about FTMO’s challenge of 10% for 30days is ridiculously high. As for risk management, a 1:3 risk-reward-ratio with just a 2% risk on solid trades was my golden rule. 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. No rush. Trading the FTMO challenge, the Verification, and the FTMO account can be done on some of the most popular retail platforms like cTrader, MetaTrader 4, or MetaTrader 5. They have a long history in the industry, proven consistent payouts, and upstanding customer service. You have to be profitable to be able to make money on their 22 votes, 24 comments. 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? If you don't hit your profit target in 30 days, you lose the challenge. 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. Free Challenge: Earn a free FTMO challenge at the same size as your current account. I’ve tried FTMO and Trader2B, and can confirm that the culmination of experience day trading will help you be successful in passing these. https://ibb. A lot of traders have been able to make a good living by trading full-time thanks to FTMO. I’m very curious about this phenomeno, never took an ftmo challenge, would like to hear your thoughts and experiences. ForexCracked Official subreddit; Share and Discuss Forex EA, Indicators, Lessons, strategies, Video… FTMO challenge. I have gotten funded three times with FTMO before but this is the longest it took for me to pass the challenge this time around. Find something that works atleast 50% win rate and do not ever break rules. 242 votes, 229 comments. On the paper, gaining 10% and 5% in 2 months in a row is tough job. I’m not saying its not hard. Or 2. If we go to the minimal FTMO challenge that is marketed as a "$10K" account the daily loss limit is $500 and total loss limit is $1,000 and the fee they charge is €155 for a $10K account challenge. You can test your ability with a free FTMO demo challenge account. 36 votes, 52 comments. When you finally learn how to trade consistently and generate profits, the sky is the limit. Don't panic towards the end of the challenge to meet the profit target by risking more. I'm taking a break until next week. If you’re really determined then plan on trying out the challenge X number of times until you get the hang of it. Traders can see the specification of the account directly on the trading platform. 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 Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. All the best for you tho. co/r5MtfCG https://ibb. Thats why Im asking if you had expierence with this. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. The community for Old School RuneScape discussion on Reddit. That's how they make their money, and it's one of the best business models out there. The rules for the Challenge Passing help you handle risk management better. Traders are free to select the platforms that suit them. Very happy with myself and my progress, especially that I started trading less than a year ago. You need to buy the challenge and then pass both phases. Only 8% of all challenge takers pass. 5% profit per week, 5 RR per week. Here, you will have 30 days to trade. Or take advantage of the challenge extension. So, for example a common challenge is to do 8% in a month. Today i finished my first phase of my 100k Challenge. Good stuff bro đȘI 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) đ„Č Almost close to reaching target on 50k FTMO Challenge. " If you lose 3 trades which is 300 dollars in a row the strategy isn't working. 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). EUR/USD fu**ed up big time and now I have only 6 days to reach a large profit. Buying another 200k challenge to max out my 400k allocation. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. co/gths3T3 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: 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. Thing is, if you can't trade successfully a 1k account, don't even try a prop firm. The advantage of buying a new FTMO challenge is that I can take advantage of the new no time limit rule. Exclusive Access: Unlock a new, larger challenge option ($400k) at a discount. Join us for game discussions, tips and tricks, and all things OSRS! OSRS is the official legacy version of RuneScape, the largest free-to-play MMORPG. Guys you have unlimited free tries while during the challenge to pass it if you don’t break the rules but don’t achieve the profit target 10%. com challenge. Account specifications. And if you get lucky and you pass, you won't hold the account for long. FTMO. Bonus Rollover: Receive a 5% bonus when you roll your profits into a new FTMO account (withdrawable after 30 days). Once you can pass their challenge several times this may give be an indication that you may be ready. Nop, I never tried/paid the fees for the challenge after passing the free trial. Wish me luck. Do not be tricked by fly-by-night firms offering cheap thrills. 5% per trade that’s one 1 RR trade per day. Most people tend to still take the initial capital before entering the trades (let's say 25. FTMO and other prop firms earn their money on people failing challenges. Get the Reddit app Scan this QR code to download the app now FTMO challenge r/Forex tax avoidance and environmental negligencethe free of consequences Hi! This is the first time I do a challenge for a prop firm. There's an interview with FTMO CEO where he mentions 94%trader fail the challenge. Check out my shared screenshots with FTMO challenge stats for a closer look at the journey to success. 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. However, if you can do that, then you are in the game. I am very risk averse so 2% per trade is high for me. 11 votes, 36 comments. 331K subscribers in the Forex community. I don’t know if I get the profit split of the challenge or not, I guess not but I don’t know. Regarding account management, MyForexFunds put out some interesting statistics about their traders a couple of months ago. Risking 0. Deposit the challenge fee into a brokerage account and trade it away. Marley's aren't going anywhere That was a low moment for me. Both verifications took me more than 30 calendar days I believe slow and steady is the way to go with ftmo. The following week I did really bad in my Forex funds challenge as I didn't adhere to the rules. Later I took a second challenge and I was in the same position, $320 from finishing the first phase. You need to study for it, practice, take notes and review them, learn with friends if you can and only try to take the test when you absolutely feel like you're ready. 000) as their calculation-basis and call funding firms a scam because their account balance never went under 20k (25k Dont buy another challenge account until you are profitable I did that twice before I passed and while I learnt from it, I couldve saved 1400$. Posted by u/Fantastic-Drama9484 - 6 votes and 16 comments Forgive me but wouldn't it have been wiser to take up the challenge with the biggest account like for eg. 1%-3% max but I think 0. It was my first challenge and I couldn’t believe it was actually happening. You have 60 days (double the time) to make 5%. This serves as a testament, however, of how badly designed the FTMO challenge is. Why? It’s because that will give you a better idea on the FTMO challenge. You'll keep failing. If they fail, you are still out FTMO's challenge fee. Same thing with taking a prop challenge. đ The answer is revenge trading. Assuming you're between the top ones that pass the challenge, you now have the evaluation phase. I have passed the initial challenge and I am currently trying for the verification phase. 600 Dollars (27k - 20%). First things first, let's start with the basics. Please dont get me wrong as I have a very limited knowledge about profits etc. 8 - Win rate of 55-60%. You will now lose the challenge if your account balance goes anywhere under 21. I feel I was lucky with the first phase 1 challenge, but the second phase 1 challenge took 23 trading days. Around 90% fail the challenge, and those who pass, around 90% lose their account in a short time. MyForexFunds is a prop firm out of Canada with similar challenge parameters as FTMO. . The majority of challenge takers are not aware of this and are risking only 1% to 2%. co/gypqGK2 https://ibb. WHAT I like about FTMO? đ For new traders, FTMO is a good place to start. true. 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. 200K on FTMO? At that point 1% is 2000, and 10% is 20000. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. We offer a Free Trial account, which is an abridged version of an FTMO Challenge. If they pass, you pay. I would say go for it but you won't make life changing money because of how strict their rules are. So you are paying €155 for the possibility of only getting access to at most $1,000. I passed the free trial and I’m currently on my retake for the 50k challenge đ€·đŸâïž No. You need more time to absorb the information and learn from the mistakes your going to make. Passed my 200k challenge today! Super pumped. If you can pass the ftmo challenge, that means you can double your capital in a month without the restrictions of ftmo. Savings: Get a 10% discount on all future FTMO purchases. I blew two of them after just one payout from each, and one of them I couldn't make a profit before losing it eventually. Worst case scenario I get a free new challenge. 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 Sorry OP but that's a dumb question. -Share FUNNY Trading Just over 10 lots first 4 days and then 63 lots the last 2 days? That feels more like gambling . 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 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. This includes unrealized losses. 10% target / 20 days = 0. Welcome to r/FTMO_Forex_Trading! If you're here, chances are you're looking for some tips on how to pass the FTMO. You don’t get any of the profits from the challenge. I'm definitely no expert and have only just passed the FTMO challenge after a year of studying and messing around. com's Reddit Forex Trading Community! Here you can converse… You have mentioned you're profitable on your own and with a large sample size, so congratulations. Our trading challenges provide virtual funds ranging from $10k to $200k, allowing you to practice and learn in a risk-free environment. And / or add 1000 dollars to a real trading account and see if you can build that up. If you don't hit your profit target in 30 days but you're profitable (e. If you make even a cent over the 10K capital, FTMO gives you a free retake. 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 are a real profitable trader you shouldn’t have any problem following FTMO rules. Use these great apps to enhance your strategies and skills in a completely free environment. Give yourself a realistic goal. After having the funded account you don’t have any monthly profit target. I feel the challenge is more of a puzzle. - Each challenge was done separately, months between one and another. If you're in the scaling plan, you get a new "initial balance" reflecting the "scale up". Hey guys, I am currently doing an FTMO Challenge. I have come along way! Please share your experience with trading or even FTMO :) 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. Can funded account help with discipline? I have been thinking about it and started challenge, my thinking is that it can help me to stick to the rules as i know account will be terminated if violation of rules, which wont happen on personal account and i can blow it again. 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… So to them, it is a completely risk free business. - To be with other like-minded forex traders. If that’s the case then I will continue making trades. g +2%) you get a free retry. I usually trade my own money and wanted to know some things. I would recommend improving your risk management before buying a challenge. Hey guys. 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. After passing both phases, you start getting all the profit you make. My question is if any of you guys who have passed the first… Remember, in the market, perfection is elusive. Rish management is key, and you should aim for minimum 1:3 RR and risking no more than 1% of your account. FTMO is legit, and I assume they have a lot of very successful traders. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the 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. If you are extremely disciplined go for it. 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 cut my lot size in half to finish. After a while it seemed better to simplify everything and just look at plain simple price action, I. 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 I did the challenge myself. 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. Most importantly, have fun! Your trading journey is a marathon, not a sprint. The real question is do YOU have a consistent and profitable method? That is the real question. Another tip I would like to add is that you should take the free trial twice. Keep trading sharp! Please explain it like I’m five. Without the weekends, you’ll get 20 trading days. com is a platform that provides traders with the opportunity to trade with real money and potentially join their trading team. Just take a chill pill. We are currently recommending and standing by FTMO. So for example, take the FTMO challenge, you’ll need to pass the 10% target. 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. It's hard as I started ftmo challenge and my Forex funds challenge and in 1 week I passed ftmo. There is a reason why phase 2 have longer time to pass and less profit target to achieve, because the company knows lots of people get lucky on the phase 1 and they want to challenge trader’s consistency. Stop taking ftmo challenge. Hope you all have a great rest of the week. Our Challenges simulate real-world trading conditions by utilizing a demo trading environment. 5% profit per day. I did pass my FTMO Challenge in like a day with my first two trades. And looking where price moves to. 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. Welcome to FXGears. e impulse, corrective, impulsive etc. 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? Countless YouTube videos, Udemy courses, Google searches. osxn tcuk rraqge futxxjt euuxgk qszjc eskt aihv wmwzwv vyryve