Ftmo 10k challenge rules reddit gg/wownoob --- Before you post, please do some Google searching to find answers and to avoid asking a question that has already been asked I Passed My phase 1 of my 10K challenge Account! This was my first go at the 10K had blown a 5K in the past. 000) as their calculation-basis and call funding firms a scam because their account balance never went under 20k (25k -20%). 210k down. This should encourage you to start your journey to become one of our FTMO Welcome to FXGears. Verification done in 1 day. I think it will be fine to do the 100K challenge since its really not my money at risk so my psychology shouldn't be affected that much but was wondering about your experiences with it. 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 mistakes for example in one trade i 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. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the 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 😂😂😂) 🤦🏾‍♂️ Hello! I already passed ftmo demo trial for 14 days for 3 times already. The 2 main rules that I hear traders mess up on the most: *Floating* Maximum drawdown - FTMO not only counts closed positions into the drawdown rule but also open positions. He also blew the account. I went straight for the 100k but i was sure of my results. Welcome to WoWnoob, where we encourage new players and veterans alike to ask questions and share answers to help each other out. If I get in . Skip to content. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Aaah with ftmo 10% a month and 80% split, scalable to 90% Demo is so much different than a live account and prop challenge account. Having an affiliate program doesn’t make a company a pyramid scheme 🤣🤣 8% of the challenge fee for a 100k account is about €45, whereas earning 1% gain on a 100k account with FTMO would earn you $700. Do you have a money Management strategy and Trading psychology rules? why 10k account and not 100k? Tips: test your strategy on the 14days FTMO demo trial and see if works first, so you So I decided to try an ftmo 10k challenge. 4% stop loss thing) but tbh when starting the challenge out it might not be such a bad idea to start with a full 1% risk per trade. the fee is 155 eur but lets assume its 100 because on higher plans the fee become less in percentages. I hope I didn't over achieve haha. 075% down on the account and you are only allowed a maximum of 5% relative drawdown per day meaning that if you have a 10k account and hit -$501 before the trade goes back in Posted by u/[Deleted Account] - No votes and 22 comments After you pass all the Trading Objectives in your FTMO Challenge, you will see a notification in your Account MetriX informing you about your success, and you won’t need to trade the account anymore as your Trading Objectives are marked as passed. Just hit 9% profit within a week after hitting 10% within only 2 weeks. Share Sort by: Best. In fact I will guarantee you they do not have physically have $100k sitting in an account for each of their funded traders. I got 2 more weeks to pass the challenge or breakeven to get a renew challenge. All you need is 10% in a Once I turned 10k demo to 11k gaining 10% I bought the challenge. I normally trade 3 lot size but tried 1 lot size since I can only afford the $10k challenge for now. 1%-3% max but I think 0. They are all the same with different rules, just whatever suits you best. Breaking rules etc etc. FTMO is legit, and I assume they have a lot of very successful traders. Just look up “My Forex funds” may want to check out “FTMO” as well. As you know, majority of the prop firms offer challenges in these equity sizes; 10k, 25k, 50k, 100k, 200k, etc. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Thanks will try out ftmo so on ftmo if I pass the 10k challenge can I do another one straight after that to get an additional 10? And just keep adding up until max funding? Just lost my ftmo 10k challenge , i would say this was a big learning curve, i have achieved consistency trading on a small account 3 months ending in profits, im in this for the long run and will do whatever it takes to get there, although i am glad i still maintained good risk management and psychology, my challenge went down hill from the CPI release due to my short bias Sorry OP but that's a dumb question. WHAT I like about FTMO? 😀 For new traders, FTMO is a good place to start. 0. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! What lot size to use on £10,000 ftmo account? Prop Firms Yep clearly he should be imprisoned for spending 80$ on a 10k challenge without 10 years of backtesting and paper The FTMO funded trading program has specific rules that guide the traders in their conduct as well as describe the expectations and the targets that need to be met for traders to complete each stage of the program. Detailed practical information on FTMO Challenge rules and tips for passing. However, before you can do that, you need to pass their challenge. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! FTMO 10k challenge - 25% profit but failed cause of Prop Firms So 1st day got 862€ profit. - Each challenge was done separately, months between one and another. Deposit the challenge fee into a brokerage account and trade it away. You never get fundet with Real money, you always papertrade. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! if you have a consistent strategy, you won’t lose the account. 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 Then there is the aspect that if you have a $10k personal account and end up having a 10% (10% as if trading $100k) drawdown for whatever reason (sometimes you just have bad luck), then you've blown your account and are out $10k whereas with FTMO you're only out the ~$600 for the challenge if it happens during the challenge or during the first month and after that point you're The maximum permitted loss overall will be 10k plus any profit so in this case 11k. I had 13k in drawdown and about 6k in losses. Notice I deal better psychology with a bigger account than a smaller one cause a 2-3k € profit looks like a lot vs a 10k challenge where I was trying more % risk of the account. 5-1. Moreso it rules out gamblers and traders with poor risk management. Countless YouTube videos, Udemy courses, Google searches. I didn't even get to the verification step btw For the absolute first time, I will buy a 10K USD props firm account, do the challenge and try to take 10K USD profit at home. But the guy blew three accounts in a row. Now im 5% 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. com's Reddit Forex Trading Getting an FTMO Challenge is your first step towards becoming an FTMO Trader. 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. which is more than enough to pay out the traders that do make money (90%+ loose) you got 10k account. The advantage of FTMO is being to take a small stake (540 Euros) and turning into a $10000 account that can be leveraged up to $100000. Well obv through these prop firms we pass a challenge then we can fast track our way to financial freedom. com's Reddit Forex Trading Community! Here you can converse about trading ideas Since the challenge resets you can use all that risk you have accumulated and start making larger trades to pass the challenge the closer you get to running out of time. I got upset that I closed the trade too early because I would have passed my ftmo challenge in that trade. You pay 100$ to get 10k fake capital but you are only allowed to lose 1k at any given time. I can demo trade just fine, I passed 3 ftmo trials one after the other. When you finally learn how to trade consistently and generate profits, the sky is the limit. My win rate decreased because of the pressure. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I'm 0. If you are as well, you have your FTMO app that shows your daily allowed drawdown. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! -ftmo's business model is based on the failed challenge fees. Honestly for me its not worth all the rules they have, I’d rather just use my $7k+. Both verifications took me more than 30 calendar days I believe slow and steady is the way to go with ftmo. By this time, the time demands I have are so much I am not trading FTMO and do not trust people who say they can trade profitably on FTMO. 10K, we take 80% of the ‍ FTMO offers a range of account types, including the 10k, 25k, 50k, 100k, and 200k challenges. 4. So if you are up 30k TODAY you can drawdown Most of the people who pass the challenge do so through sheer luck. It's hard as I started ftmo challenge and my Forex funds challenge and in 1 week I passed ftmo. There are some rules to follow all listed on their site. Find something that works atleast 50% win rate and do not ever break rules. I'm I failed my FTMO challenge today. Blog Prop Firm Lists Demo Accounts How It Works Payout Time Tracker Prop Firm Rules High Impact News. 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. Compare Firms Exclusive Offers Extra Account Promo Best Sellers Reviews. Thanks heaps. 22 votes, 24 comments. You can choose an account size of up to $200,000. Each challenge is associated with a specific risk level, either Normal or Aggressive (now discontinued). Adhere to the rules and practice safe trading. My question is if any of you guys who have passed the first Welcome to FXGears. yes and it stops when you lose more than 10% of the account or break any of the other rules. FTMO fees vary, starting at €89 for the 10k Challenge and going up to €1080 for the 200k Challenge. First level ftmo challenge on a 200k account Prop Firms I have a 75% win rate but I end up losing some trades which takes a big hit in the account,it's been 3 days since I took the challenge to reach 10% but am feeling like the numbers are Im gonna do a FTMO challenge soon and cant decide which to do between the 10K and the 100K one. Can I trade news? In an FTMO Challenge and Verification, you can trade freely during all news releases. But that's so doable. There are different types of drawdowns and we’ll cover everything in this article. I'm still up 5% in 3 days. 8 - Win rate of 55-60%. Check out our wiki to learn more! Members Online • [deleted by user] Just hit 10% I may suggest taking advantage of ftmo’s scaling plan for awhile first. Same with the 5% on the 2nd challenge. com's Reddit Forex Trading Community! Here you can converse If you're in the scaling plan, you get a new "initial balance" reflecting the "scale up". It sounds like you're not using stops. 600 Dollars (27k - 20%). So I just recently opens a ftmo challenge account for 10k. There are others like TopStepFX and Fivers. I have been trading since 2020 Welcome to FXGears. 28. Ftmo is good for scalpers and you need luck because is kinda hard to make 10% in 30 days without luck. I learned a lot in the past months, backtested a lot every fucking day mate. 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 That is pretty neat (despite the whole . Im currently doing the challenge myself. You need confidence in your strategy, execution and psychology. FTMO and My Forex Funds and the like, you will have to pay tax on unfortunately as you are offering a service to trade these accounts. I have a swing account because big news days are my best days, and I focus on smaller profits so 1:30 is sufficient. From the people I know, they’re usually aiming at around 3-8% a month so getting 13% should be around a bit more than a month, ofc there are people who also pass challenges within 1-2 weeks but speaking on avg id assume it’d be normal to pass it within 1-2 Let's say, you have a 10. FTMO 10k challenge - 25% profit but failed cause of So 1st day got 862€ profit. The Verification stage has easier Trading Objectives compared to the FTMO Challenge stage as the Profit Target is reduced by half, and just like in the first step, FTMO rules, challenge accounts rules, funded accounts rules, Objectives, withdrawal rules, payout rules, drawdown, Scaling and consistency rules, and more. You will now lose the challenge if your account balance goes anywhere under 21. Before that I was set on the idea of saving up 10k and just working like a dog to put extra savings to the side so I can open a live account; but when I found out I don't have to go into an office space and do an interview at a physical location where I'd have to show my "experience" it was a complete game changer knowing this lvl of accessibility and support was out there to facilitate I'm very proud to have just complete my FTMO challenge and I will share one of my favorite setups that I took to finish the challenge as well as 2 other examples of this setup that happened recently. I’m considering starting the FTMO challenge next week for the $10,000 account The "cons" mentioned by some of the comments aren't really cons per say. 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. Now my trader psychology is going off. Success in the scaling plan also gives you more confidence and experience working Welcome to FXGears. 20 - 0. Took me a little over half a year to do it. Well lets say you have 10k, imagine how long it would take to build your account up to say 100k. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Ftmo passers, is FTMO still okay with rules and payouts? Questions Hi guys. I would definitely go for funding! Challenge: 3 stages, each requiring a 6% profit, with a maximum loss of 5%. Strategy is scalping during high volatility moves, waiting for the big boys (Urban Forex follower here) to take action and follow their move. Just remember less than 10% of people pass their challenges, and if that about 2% actually take any profits whatsoever ¯(ツ)/¯ if you’re rocking through even 10 challenges for one payout that MIGHT get you to break even it is an indication this is probably a waste of your time. The challenge consists of trading with a virtual account for 10 days, with a specific set of rules and conditions. Prop Firms 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 Welcome to FXGears. In both the challenge stage, verification stage and funded stage you have a $10K daily loss limit and a $20k total loss limit so the only amount they are "funding" is the loss limit. But based on your theory you would have to make 100% on that 10k to pass the challenge. Basically it is 5%, or 5000 on a 100k challenge, a day and increases with your profits ON THAT DAY ONLY. (1% of risk per trade with 66% win rate) FTMO Started the Ftmo challenge really well, stage 2 is a different story . You can, however, start a new FTMO Challenge and upon successfully passing another Evaluation Process, we will provide you with another FTMO Account. Every trader experiences them. But it is good for good traders with 0 capital (minus the $400-$600 you might have to pay 1-4+ times). Technically can i have 2×10k accounts 1×25k accounts 1×50k accounts 1×100k accounts 1×200k accounts Which amounts to a total of $395,000. The challenge is particularly difficult for swing traders. I’d say get a cheap funded with myfundedfx or the5ers. Can you share your experience? Withdrawal process with diff payout If you lose 3 trades which is 300 dollars in a row the strategy isn't working. 331K subscribers in the Forex community. Mine was 10 consecutive passes with 1 contract(lot) size per trade on the nasdaq. My psychology is good and I rarely face FOMO and break my rules when trading. Hey guys. Top. I would suggest anyone taking on these challenges The table below summarizes the key rules for FTMO’s Funded Accounts, covering the main aspects like daily loss limits, drawdown, leverage, and specific rules on holding After you pass all the Trading Objectives in your FTMO Challenge, you will see a notification in your Account MetriX informing you about your success, and you won’t need to trade the account anymore as your Trading Objectives are Take a look into how they managed to score the FTMO Challenge and what methods they used to pass our Evaluation process. This program is very similar to FTMO, except the profit target is 2% lower, and the growth potential is much quicker with The5ers but caps out lower. I explained my case, and even took the so called loss which did not equal what I was supposed to be losing. FOMO and “knowing when to take profits” shouldn’t be a thing if you’re following the rules of your tried and proven strategy. 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. Prop Firms Passed my 200k challenge today! Hey since the max allocation is 400k for FTMO. New Stop taking ftmo challenge. The FTMO rules ensure that traders are disciplined in their approach to the program which will enable them to achieve the best of results through acceptable methods. The real question is do YOU have a consistent and profitable method? That is the real question. I'm debating if I'm good enough to give ftmo(10k account $150) a try or maybe do a 1-2 k live money account. You'll keep failing. As far as I know from reading the rules if you go over 5% loss on open positions it will close your account. Desert_Trader • Except that you don't get a 10k account because the rules they have for drawdown don't ever Apparently this is all right under FTMO rules. I managed to get back up to +180$. This information is not shared however, but the rules themselves are pretty easy to survive if you're good at managing risk. I love practicing with these challenges. 2 account will do sell and the rest will buy Share Sort by: To pass a propfirm challenge you’re required to have a total return of around 13% (usually 8% phase 1 & 5% phase 2). We will be automatically alerted that you have passed your FTMO Challenge and we will proceed to evaluate your trading results FTMO is cool with using certain types of EAs (Expert Advisors) on their funded accounts, as long as you follow their rules. Today i finished my first phase of my 100k Challenge. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! 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. Plus the scaling aspect, even a $10k ftmo account can eventually scale to $2M account. 50 I'll allow a 100 pip move against me. I have not violated any of the rules and have gained 5% over 4 days. Get 80% Off Evals & 50 Resets Lifetime Black Friday 10% off- Sign-up to a 10K evaluation for only €89. This time around I got another 10k challenge but exceeded my max loss and daily loss and still was allowed to move on to phase 2 Welcome to FXGears. you pay a small amount for challenge. I feel I was lucky with the first phase 1 challenge, but the second phase 1 challenge took 23 trading days. Now I'm trading the 15k AUD challenge and currently at negative side -50%. NASCAR Playoffs If <10% of people complete the FTMO challenge, my guess is over half of those challange winners will break their drawdown rule due to not leaving enough drawdown cushion from previous profits, or just bad trading because they got somewhat lucky with the challenge results and time will reveal the true profitability. If you are a real profitable trader Today I wanted to start the 10k funded challenge but didn’t bc in the terms and agreements, there are rules about Demo trading styles affecting whether or not you’ll pass the challenge - has anyone been rejected/denied to being funded even though they passed the FTMO challenge and verification? Thanks in advance Rules. In prop firms if you are allowed to lose 10% and have to make 10% which is The FTMO Challenge stage has reasonable rules, where the Profit Target is in balance with the drawdown we allow you to take. The advantage of buying a new FTMO challenge is that I can take advantage of the new no time limit rule. Or check it out in the app stores &nbsp; , - To help/guide new traders in passing the FTMO challenge and verification stage. But please, read the sidebar rules before you post. 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). It’s surprising how fast the account can grow, and moving from a 20% to a 10% “profit share” is significant. Here’s a breakdown of what the 10K Challenge entails: Phase 1 — Challenge: The first phase requires you to hit a 10% profit target within 30 days. Theoretically you could complete the entire challenge in a couple of days if you are good enough or get extremely lucky. I paid another guy more money for a 10k account. Advantages Daily loss was 10k. Loyalty Program Affiliate Program Check out the 5ers they offer a 39 dollar challenge which should fit your bill just fine and if u pass u get a 5k account that can scale to 500k and 10k a month salary. Getting funded 10k accounts means you have more margin/volume to trade. The rules for the Challenge Passing help you handle risk management better. co/R6FLGqR (edit - it's not actually equity curve as it shows only the profits made and not the account balance) The FTMO 10k challenge has a daily maximum loss of 5% and an overall maximum loss of 10%. This is the same ratio as 12/10% for reference when comparing with the other programs. PS: trial account. The objective of this adventure will be: - win 2 phases $10k challenge - make some profit on 10k Live account - withdrawal and use it to buy $100k challenge - win 2 phases $100k challenge - take home $10,000. In the Client Area, you can select your FTMO Challenge based on the Account Balance, Account Type, and trading currency of your FTMO account. Good luck tho brother ! Reply more reply. Use them, dude. There must be something more to successfully ride the bit bigger prop account of course with all the pre phases Welcome to FXGears. ‍ Trading Objectives ‍ Hey friends, just looking into the FTMO challenge, this might be a dumb af question, but do they give you the 10k to trade with? Or maybe they just make you trade in a paper trading sandbox? Or do you fund it yourself? Thanks in advance! 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. Then set a strict condition on how many free trials you need to pass before attempting another challenge. I passed the challenge this is my first 9 days with Sorry for my English I have make challenge 3 times already, 2 times failed at verification, 1 time lost prop account. Not everyone has 10k lying around to use for trading. ps. After having the funded account you don’t have any monthly profit target. 34 votes, 48 comments. Should I go for it na ba? The only hesistation for me in mind is yung money na idedeposit ko for the real challenge lol. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Ftmo rules . You have 2 opened positions, say 1 in GU and 1 in EU, in I have been trading futures and doing succesfully at prop challenges but i have been looking at forex lately also. After 34 trades I'm still slightly in profit for today. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Hi guys I’m not new to Forex or anything but I’m planning on taking the FTMO challenge , but making 10% in 30 days (24 days if u take away weekends) is a lot I think Ex: -$75 on a trade would me that you were -$75 in drawdown or a cool . There are always new opportunities the next day so don't overtrade and accept losses. Spend like 40-60$ and get a 5-10k challenge. You could do it twice to be sure. After you pass the Evaluation Process (consisting of FTMO Challenge + Verification), and unless your account type is Swing, you should be careful when trading during news releases. in the evaluation stage I made a profit of 5000 with goal being 1000. Do you calculate your 1% risk on the 10k or on 10k x 100 leverage? Even though it’s called a swing account, FTMO isn’t well suited for swing trading. So it stops at 10k loss for a 100k account Did you already paid for the challenge? or actually FTMO provide a free trial prior to actual (paid Hey all just wanted to post my first month progress on a 10k ftmo challenge, I took a big hit of around -191$ in my second week of trading in a single day. New comments cannot be posted. The majority of challenge takers are not aware of this and are risking only 1% to 2%. As long as you don't let yourself go below the starting balance you won't have to buy another challenge. Then you could either start slow on a 10k account, or go straight for a 100k account. com's Reddit Forex Trading Community! You can get a 14 day extension on the 30 day challenge if you are at least 5% in profit 3 days from the end of the period. Months of rigorous backtesting, adherence to my rules, and meticulous risk management finally paved the way for consistency. Just wanted to say it's a marathon not a sprint. I wonder if it’s possible to get 4 ftmo challenge to get one real account. Yes, the bigger the account, the bigger the positions you can go with. As a scalper, I couldn’t imagine holding over the weekend, or even overnight. 17, giving me an average RRR of 1. . You're not risking putting 100k of your own money into a live account. Following is the trade restriction table for our FTMO Traders with specific types of reports and What i would suggest is try taking the demo challenge on FTMO first. This way you get a better grasp of your strategy and you understand FTMO rules. Last month, I passed the FTMO demo account and I said to myself that I am ready to do the challenge. Thepoint is your actual risk capital is NOT actually $100k but rather it is $10k with FTMO. 2. This includes unrealized losses. Despite taking 26 trades, my equity is $9,995. The following week I did really bad in my Forex funds challenge as I didn't adhere to the rules. A 10% absolute drawdown is super easy to mantain. And you must hit 10 percent profit. I'd say the closest thing to a real con is the 10% profit target. Step 3 – FTMO Account. Took the same strategy I use for my personal account but lowered the risk per trade to a fair profit and loss point, i let my winners runn and move SL If you have 10k in your account, you are allowed to lose almost 10k and if you make 10k then you have made 100%. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Just hit 10% mark on phase 1 FTMO 10k challenge P/L Porn Locked post. Those two are the best from what I know. 5 lots, depending on my confidence in that particular trade. And looking where price moves to. If you’re really determined then plan on trying out the challenge X number of times until you get the hang of it. Prop Firms Try the 10k account and then use those profits to buy the challenge for 100k and 200k accounts. I feel the challenge is more of a puzzle. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I saw something interesting on FTMO , the price for 10k account is the same (155 euro) for all curencies ( GBP , EUR , USD) , so isn't it better to take the 10k GBP account for Completed FTMO challenge in 3 days with $80k 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. I've put my affiliate link below but I whole heartedly recommend them and am doing their 100k account challenge at the Welcome to FXGears. Just use 10k as the example. Prop Firms Hello guys. com. , - To help 5% daily drawdown limit rule on FTMO is unfair, at least during the challenge stage. Posted by u/3L_D3M3NT3_YaC0 - 47 votes and 22 comments 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 was then, armed with confidence and dedication, that I took on the ultimate challenge. Just some notes you have 5%Drawdown of 10k. If you had 10K to trade, you are better off trading your own account. The Funded Trader, My Forex Funds, & Ment Funding. Just keep in mind that our maximum capital Same thing happened with my first ftmo challenge, I was £700 in profit. I am confident I will pass the challenge stage but I am a bit in the dark on the verification stage. Reply Welcome to FXGears. Passed another ftmo challenge. anyway back to math, i will consider the FTMO 10k account for simplicity. When you become an FTMO Trader, we already know that we can trust your trading skills and abilities to manage risk properly and therefore, we will provide you with top-rated trading conditions in the industry. Currently attempting my first ftmo challenge on the 10k account. good luck, as someone who has passed twice now, obey the rules as if its the funded account and you will be fine The 10k one, I plan to use the profits from the 10k one to go for the 100k ones. One week goes by and you've lost 8K and have made $0 profit. Our trading challenges provide virtual funds ranging from $10k to $200k, allowing you to practice and learn in a risk-free environment. I took a 2. Posted by u/[Deleted Account] - 5 votes and 3 comments Welcome to FXGears. After getting funded I ignored the trading plan and my psychology was in shambles. Awaiting real account. 000 USD account and trying to pass challenge step on ftmo, it means, you have daily %5 DD, total %10 DD. But I realized in the end that if I do passed the challenge, then it's a free to use capital for me as I got my challenge fee back. Don't try to succedd in this scenario: I will make 2000 usd today, 3000 another day, maybe I will have drawdowns but eventually hit the profit target. 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. I have seen some of the videos of those who passed it, and it's a disgrace. What a mess, fomo, revenge trading, up and down all day. Most people tend to still take the initial capital before entering the trades (let's say 25. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. In addition, FTMO is also giving traders an extra 14 days if they are close to hitting their target. So here I am, a fresh FTMO account sitting -490 (10k account) with another 500 to hit my max loss. If you’re profitable you can pay 150 for a 10k challenge and start making more money than you were $10k (of 100k) actual usable capital is also not wrong. I felt cheated and disappointed. TFT has the 400k challenge from 1 buy, MFF is the cheapest, Ment Funding has its own rules with up to 2 million in direct challenge funding and only 1 phase to pass the challenge, max drawdown 5%, target 10% and you pass. Here’s a quick rundown of what’s allowed: Standard Trading EAs: These are your basic EAs that use regular trading strategies like trend following or technical analysis. I have tried the FTMO challenge a few days and got a very bad and unfair experience. -- While we only allow Q&A posts here, our Discord is great for those topics that don't fit here! discord. After the 30 days I was not able to get my account to break even. Our Challenges simulate real-world Understanding the FTMO 10K Challenge. We do not have upgrading options so you need to choose the appropriate account size right at the beginning when you are configuring your FTMO Challenge. Is it possible to still fail the verification stage if you don't violate any of the trading objectives? FTMO. If you can make 100% in a month then If you reach your 10% you have reached your goal and move to the next challenge. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! MFF is bad imo, If you’re in profit of 10k and you lose 7k profit ( 3k net ) You will fail the challenge due to drawdown even though you’re in profit Reply reply 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 am planning to get the $100K challenge but I kinda want to hear any recent good and bad feedback FTMO is a prop firm, you can pay a fee to be evaluated to earn capital (10,000 up to 100,000). I've profited 2k doing this. So good trader = guaranteed funding from prop 242 votes, 229 comments. 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 traded the demo account on FTMO with 40k for 2 weeks and reached 20% and also passed all the rules, for me its time for a real challenge. And if you get lucky and you pass, you won't hold the account for long. These results are still good imo. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! made 12k In two weeks off a 50k account. You have to be profitable to be able to make money on their Get the Reddit app Scan this QR code to download the app now. Find the latest offers and promotions for the FTMO 10K 2 steps challenge at Prop Firm Match. This feedback is very valuable to new traders or those seeking some trading motivation. Start with the 10k account, if you pass Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. After a while it seemed better to simplify everything and just look at plain simple price action, I. Example: Max drawdown is 10%, you start a 100K account so you can only lose 10K total or you fail. If you go for the 5k and lose $40 it’s no biggie considering the opportunity. Propfirmmatch. A drawdown is a reduction in the equity value of an investment and an inevitable part of every trading system. 8. 359K subscribers in the Forex community. But to your point about increasing from $140K to $300K: are you seriously proposing that a reasonable person, acting prudently, would let $160,000 sit in a a non-intrest-bearing-account if there was the slightest chance they may never receive that money? I find that this stretches credulity Armed with a newfound appreciation for price action and essential trading tools, I committed to my chosen path. 5lot on 500$ is quite alot of risk. Just make sure they stick to FTMO’s risk rules. There is no time limit within which you need to pass the Our trading challenges provide virtual funds ranging from $10k to $200k, allowing you to practice and learn in a risk-free environment. Welcome to FXGears. I have already paid the 10k challenge and not 50k (I previously paid a 50k challenge on which I was stopped while in gains for a matter of flotting daily loss pnl that I still dispute but that's not the issue now, I got stolen and that's why I'm doing this public assessment. A lot of traders have been able to make a good living by trading full-time thanks to FTMO. 200k more to go. I'm half way. I'm no where close to failing this challenge. If I'm right, I'm right, if I'm wrong, the position gets cut. In the real world thats 500$. I’m very curious about this phenomeno, never took an ftmo challenge, would like to hear your thoughts and experiences. I have to make this 500 back before I can even think about getting paid. FTMO challenge starts Monday . You Since 2015, the FTMO Challenge has been a cornerstone of our operations, allowing us to identify serious traders. Programs. The two stages of evaluation are making 10% profit of the account you choose in one month, and then 5% in two months. Failed my first ftmo Welcome to FXGears. I'm planning to get 100k usd funded account since yun ung talagang pinractice ko. e impulse, corrective, impulsive etc. 2nd day exceeded my max daily loss of 500€ besides I had 862 from the 1st daydoes this rule make sense? I'm going to take part in the FTMO challenge soon but I'm not sure if FTMO lets you keep your profits during the challenge and verification stage. My daily hit 23k. I know most may think i’m rushing but trust and remember i’ve been doing this about 3 years now and have stayed up countless nights watching video after video, back testing, journaling, the whole bang. - To be with other like-minded forex traders. If you can pass the ftmo challenge, that means you can double your capital in a month without the restrictions of ftmo. Only 8% of all challenge takers pass. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Let's say you do 10k challenge. You need to treat the challenge like its own time sensitive derivative. I'm doing the 10k challenge and I'm only risking $75 per per trade. View community ranking In the Top 1% of largest communities on Reddit. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. My question is when you do A prop challenge lets say beginner 10k with 100 to 1 leverage. com is a platform that provides traders with the opportunity to trade with real money and potentially join their trading team. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. its part of the game. FTMO challenge Recently I started to try out Prop firms and went with FTMO I tried a 10k challenge and passed and made it to a small payout. 11 votes, 36 comments. 4% away from failing the 10k ftmo challenge stage 2 Questions Hey everyone, I've recently got into ftmo, and on my first try, I passed the stage 1 of ftmo, onto stage 2 Welcome to FXGears. I agree. Open comment sort options Best. 00 lot trade and that started the losing streak. 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. AM I gonna see that anytime soon or do I have to wait for step 3 of the process. Let's say I took part in the $10K challenge, and met all requirements and have an ending balance of $12K, since I hit the target of $1K in 4 days. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Hi can anyone recommend a good bot to pass a FTMO swing challenge from the Metatrader store? And before anyone asks, yes I can pass a challenge by myself without a bot 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. Drawdown We 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%. Try ftmo's free trial so you can get used to the risk required for that account size. Step 1 - FTMO Challenge; Step 2 - Verification; Step 3 - FTMO Account; Can I trade news? Do I have to close my positions overnight? If you are able to repeatedly pass our Free Trial, then there are chances you can succeed in the full FTMO Challenge as well. Right now, every time I take a trade, my lot size is only 0. Then go and buy I am very risk averse so 2% per trade is high for me. Sometimes we have bad days but one good thing I never did was increase the lot size. We call these rules Trading Objectives. TL;DR: Your FTMO app shows your daily allowed DD after every new trade. true. I am so hyped and a post like this motivates me a lot. anywayofcourse a prop firm is better than your own account for sure because with less Firstly, you can earn a huge income. Also think about it. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! market news or financial education. My equity curve: https://ibb. We need to be sure that you can trade your system or strategy profitably in the long run while respecting the rules. raagt viuk ovtqkg uljhv dzsix tozf kzvoov sosw kznf qsdewb