Best ftmo reddit. Check out the sidebar for intro guides.
Best ftmo reddit FTMO is a prop firm where you can get a funded account to trade. I also got some reason leaning towards ftmo just a bit of a feeling but not liking it as double the price and a bit more restricting. Ftmo is a scam M1 lets you earn, invest, spend, and borrow all on one financial platform. No funky gimmicks. Hopefully somewhat more advanced than the content on other forex subs, but questions are always welcome. M1 is made for those looking to build their wealth using powerful automation and topflight rates. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. Welcome to FXGears. Thank you for the feedback I will definitely have a look at his YouTube channel and I do already know some of the basics on supply and demand , I have been watching another channel called Dave teaches and although his videos are long his strategy he uses look so simple and he trades with supply and demand as well as mitigation and imbalance on the 1m and 15m and from what I have seen from his Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. In Europe, max leverage is 1:30 and in Japan it's 1:25, so 1:50 isn't bad at all. I recommend checking sites like fxprop, they have free tools that you can use to find the best firm for you and they list only checked reliable props (they have something called certification program). there are 50 prop firms operating as of now , but no firm can match track record . Reply reply We are currently recommending and standing by FTMO. with FTMO you can get a practise account and test fills , spreads for 14 days. Competition in the space makes everyone better off! Now is the time to take advantage guys ftmo profit split update 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. In the other note I believe in every single one y’all who are trying to make a change. The company brokers stocks, options, futures, EFPs, futures options, forex, bonds, and funds. Best spreads - especially for NAS and GJ and GER40. FTMO recently blocked new and existing US clients from purchasing new challenges or trials. I know some people who can easily make 50-70% return each month. Meanwhile there are also negative FTMO reviews on Reddit, pointing out the challenging rules regarding drawdown, which limits the flexibility in implementing some strategies. r. The potential for account growth is however capped which is a huge negative for me. 1:50 leverage is fine and plenty for most people. I dont have any time limits, just need to make 10% no matter its in a few days, or few weeks/months. I just completed my 4th payout with FTMO today and never failed their challenges. Step 1: The FTMO Challenge A 30 calendar day demo account where you will have to trade according to our rules. 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! The best prop firm besides FTMO AID The Funded Trader In my option. Yeah im feeling stressed when there are time limits. In this case. Looking into MFF and E8 now too! Reply reply The best prop firm really depends on your specific needs as a trader. It is often best known for its trader workstation, API's, and low margins. They have a long history in the industry, proven consistent payouts, and upstanding customer service. Then the new month you start with your initial balance which is 300k. It sounds simple but please don’t underestimate it. FTMO official response: Hi there folks, thanks for your comments. FTMO's 70/30. 1%-3% max but I think 0. 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 FTMO spreads, apart for EURUSD, are not always convenient for scalping. Like the market owes me right. Yes people lose their account mostly by not putting any stop loss in place. ForexCracked Official subreddit; Share and Discuss Forex EA, Indicators, Lessons, strategies, Video… 22 votes, 24 comments. Anyway, I linked the two accounts to my trade copier, and the exact same trades have resulted in +4. No, not at all. No "silly discounts". Post any questions you have, there are lots of redditors with admissions knowledge waiting to help. Hey guys, Currently I'm doing the FTMO challenge and I got to the profit target. 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've been around the longest, have the most experience, and it shows. Ive been with them for 2 years. IMO, MFF only beats FTMO with better evaluation requirements. If I was trading a 2M account, I'd be up $360,000. seems like you guys have not understood how ftmo works. 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. The founders want to keep FTMO headquartered in the Czech Republic. Jun 27, 2024 路 So, if you wonder, “Can FTMO be trusted?” the answer is yes, according to Reddit users. It is crucial to conduct research and evaluation of different firms to ensure the best fit. In order to become an FTMO Trader, you will have to pass our 2-step Evaluation Process. FTMO is my favourite because they have the best spreads execution and track record of being a legit prop firm company. Now, my hypotesis are 3: They are really professional traders (very unlikel, maybe 1 out of 1000). Mar 19, 2022 路 I just completed my 4th payout with FTMO today and never failed their challenges. Here are my findings: WHAT I like about FTMO? 馃榾 For new traders, FTMO is a good place to start. 0. I still think FTMO is a great short term idea. In this review, we will explain what you need to know about its safety and regulation before opening an account. Obviously ftmo is the next biggest competitor. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. 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. MyFundedFX might not be the best place to go. Currently trading 200k and once I max out ftmo I'll look for others prop firms to get more AUM but until then ftmo is the way to go for me. 5% with the 5%ers, all due to the spreads. Check out the sidebar for intro guides. The founders aim to continue improving the educational aspects of the platform. Take your time, bad losing streaks happen to everybody. The spreads with FTMO are insanely small and no regulated US brokers come close to them. news announcement would carry certain rules around trading the event. Proprietary trading firms utilize simulated markets to train or evaluate traders. Remember that trading in the Forex market involves risk, and you should only trade with capital you can afford to lose. Nov 22, 2024 路 The FTMO Reddit reviews are also generally positive. I say that because they have great customer service, cheaper prices than FTMO, great community and the owner engages with the the traders and does give a ways and discounts very often. And even extra 10% more for those qualifying under the scaling plan. We also delve into the evaluation process, the educational resources available to traders, and the support provided by the FTMO team. Thats why i bought a challenge on the funded trader recently. Traders have shared their decent experiences with the prop trading firm. 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. Tip 2 - Create reminder notifications for the upcoming week of all high impact news just in case. professionalism ,longevity of FTMO. The only problem is I reside in 1 of the 4 states in the US in which FTMO will not provide challenges to. Folks just need to spend more time studying and WAIT UNTIL THEY ARE REALLY READY instead of chasing funded accounts too soon. Not only are they on top of their shit, but they have endless amounts of testimonies and videos on YouTube of traders strategies with their payout info. Check out our FTMO Review here on Reddit. 1% with FTMO and +4. by number of daily average revenue trades. Very beautiful effort by you. If you’re really determined then plan on trying out the challenge X number of times until you get the hang of it. 8 days of trading, 259 trades, Profit factore 2. - To be with other like-minded forex traders. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. And there are props that deal live money accounts on A-book brokers, with no equity-based drawdow, and no maximum time The Reddit Law School Admissions Forum. 3 pips on USDJPY, no rollover no news, London session. 2 on FTMO. Just curious how it works. FTMO is legit, and I assume they have a lot of very successful traders. 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. 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 wh Ftmo support answer: We plan to honour all our commitments to our clients. FTMO basically, made a two-step process to check out your trading performance. FTMO is double the price and slightly harder but I should be able to pass that as-well just wondering if any of you guys use any or both prop firms and what you would recommend. I backtest a lot on TradingView, and also analyse on TradingView before looking to take a trade on MT5. Most people only lose the challenge because of too much risk and therefore the mindset takes a hit. So obviously, there’s something wrong with the strategy. Based on user reviews, ftmo, the5ers and tft are popular firms. S. There are other good ones out there but FTMO is legit and at the top for a reason, most likely to stay in business. 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. The current situation is not impacting payouts or other services that we provide to our existing clients. 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. However, continuing to give FTMO 10% of my profits and more importantly the data they collect over time with all my trades is reason enough for me to move on. A place to discuss forex strategy, ideas, analysis, and concepts. 34 votes, 61 comments. I’ve been trading for about 2 years and have yet to make a consistent profit. 20 votes, 56 comments. However, account grows much quicker than FTMO, so still better than FTMO purely on the weight of account growth FTMO has been in business reliably for over 8 years as a prop and longer as a broker I believe. FTMO has also started acquiring other trading firms like Quantlane. It operates the largest electronic trading platform in the U. 256/2004 Coll. In 2022, FTMO had revenues of 4 billion CZK and EBITDA profit of 1. FTMO doesn’t have time limit anymore, so I would decrease risk even more, risk so little that you can easily lose 20 or more trades in a row. Do not be tricked by fly-by-night firms offering cheap thrills. Additionally, you need close any open positions on the pair it'll effect . They offer a free retry if in profit and 14 day extension if above 5% profit on phase 1. the split is about 80/20 i think? but you have a pass a test to show you can trade well enough to grow an account without losing more than a percentage of the account. Similar trade on FTMO did not slip, another trade I got stopped out when the price was 0. The true advantage about FTMO is that when you passed the test, you get the refund so it didnt cost you at the end. Futures props still place you on SIM/demo(simulated account) it s just harder to notice because there is the visible live orderbook but your orders still dont go though a live market. Trust the process and don’t give up. I got slipped 4. Dec 30, 2023 路 FTMO is awesome. 9 pip spread on Tokyo session is unacceptable, I get 0. Also Im not saying ftmo did some shady shit but my account indeed was hacked, but i didnt place those BTC trades i was sleep at the time. Same here. 9 pips away, also had the same trade on FTMO that did not get stopped and went on to take profit. Posted by u/[Deleted Account] - 2 votes and 18 comments Sorry OP but that's a dumb question. My question to everyone is what does a hacker gained from loggin in my account n placing stupid trades? I've done challenges on both and I personally prefer FTMO. Was surprised when the transfer hit my account wasn’t expecting it, but it’s legit. I understand that even as a trader for them you still have a demo account and they use their best judgment to copy… 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. Since FTMO is now gone and that’s what I was planning to use, which other prop firm(USA) is legit? I know how they work and I… So this how the first FTMO payout went. The best place on Reddit for all things detailing. I just wanted to know if FTMO is still worth it. -Share FUNNY Trading Please leave your thoughts in the comments. . Dive in FTMO isnt a scam. once you pass they give you the acct, and from then you grow the account and get paid from it Apr 10, 2022 路 They offer a free retry if in profit and 14 day extension if above 5% profit on phase 1. But I’m still questioning if ftmo would do a full payout on such high profit. You will have superior account conditions in the form of our own FTMO account solution with very low commissions and raw spreads. The leverage is only 1:30 instead of the usual 1:100 however it is easily compensated by trippling your lot size. com, a trading forum run by professional traders. I know ftmo has a payout date for profits. We don't have the greatest choices here stateside compared to those living in Europe. true. 18 votes, 49 comments. 5% a trade, I just feel like I have been so unlucky this whole time, I haven't won a trade so far this week and 13 votes, 19 comments. Articles, links, etc are all welcome. I want to start the 10k FTMO challange but i am scared of the Max Daily Loss what would be the best lot size that i can use to… Posted by u/Secure-View-7348 - 5 votes and 20 comments 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 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. You have to be profitable to be able to make money on their FTMO without second thought. In case the situation develops differently, everyone will be informed accordingly. Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. Just to give you a bit of insight into my approach, I primarily use Fibonacci retracement, which I apply by placing it at the highest and lowest points of the last genuine market structure. The best place on Reddit for admissions advice. as long as you don't resort to shady practises and align your trading style with them , you are good to go. Tip 1 - On your phone or computer you should add another clock time to match FTMO's local time. FTMO Evaluation Global s. So far so good, but I got there in 8 trading days instead of 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. 46 :D Soooo happy 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. They put out a statement on Twitter about 2 hours ago stating that they would no longer be accepting new customers from Canada. I get my payouts every time and have never had a problem. o. If you pass it, you get funded. Do my statements make sense? If yes, why would anyone not go for a swing account? Additionally, Forex markets can be highly unpredictable, so even the best EA might not guarantee consistent profits. Even on Gold I notice there spreads can get a little high. I have come along way! Please share your experience with trading or even FTMO :) Choosing the best prop trading firm ultimately depends on individual trading goal, preferences, and experience level. Very happy with myself and my progress, especially that I started trading less than a year ago. It's interesting we got the same strategy, I'm totally open to collaboration and sharing ideas. 5% monthly, if I was trading a personal 50K account, I'd be up $9000 EOY. 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. Got to give it to FTMO. Customer Service SUPER fast and responsive. 8 billion CZK. The reviews and testimonials are all 100% organic. Reply reply Posted by u/amanmaverick - 6 votes and 17 comments The issue here is that you see all the 'success' stories and no failure stories. 5k 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. /FTMO Evaluation US s. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. I've also heard FTMO has $3/lot as their commissions, and if this is the case, my strategy should simply be more profitable on an FTMO server. FTMO is legit but definitely avoid non reputable too good to be true prop firms and look at the broker they use too…that doesn’t mean I haven’t ‘wasted’ literally thousands upon thousands on challenges with ftmo. If you traded your own $1000 for say 2 months like you mentioned (if we assume best case scenario for passing the FTMO challenge plus 1 month of profitable trading), you would end up with $2000 after the first month and $4000 after the second month. I also was funded once but I haven't traded since last year. Trading is hard. I have traded at FTMO Trial failed one but passed twice. I’ve tried FTMO and Trader2B, and can confirm that the culmination of experience day trading will help you be successful in passing these. does not provide any of the investment services listed in the Capital Market Undertakings Act No. Hello, good day everyone. FTMO has a dashboard that lists the times that the news will be released. For now this is the end of my journey with FTMO as those who have been following my progress know I develop an algo in the MQL language. Jul 31, 2024 路 In my FTMO review, we discuss FTMO’s features, pros & cons, and costs. Let's say I make 1. 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. FTMO all the way for forex. Idk if you guys have read the actual lawsuit. For example, a U. When analyzing my trading style FTMO seemed like it was the best fit for me hence why I trade with them now. Reply reply 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 FTMO & MFF Funded certificates Doing new ones this year follow my journey! u/wannabechampfx ADMIN MOD • The Secret to Passing ANY Funded Challenges using this 3 Step Strategy, sharing the strategy breakdown, the psychology and the thought process when doing a funded challenge. This is why I recently have been focused Posted by u/jondoe9x - 7 votes and 23 comments If you watch some ftmo interviews on YouTube you will easily notice how little experienced are some of the guests. Mar 4, 2024 路 Can FTMO be trusted? FTMO is a popular prop company. The problem was that mff was the their own "liquidity provider" so they manipulated the slippage and messed around with where and when the trades get executed. The real question is do YOU have a consistent and profitable method? That is the real question. With that said, if I could open say an FX account in Australia, I'd say 1:200 (up to 1:400 is allowed in Australia) would be a good all-around leverage amount to have but not necessarily use. 8 - Win rate of 55-60%. Unfortunately, many are not quite right and many are misleading. I should add I have also passed a few times too with them. Now they have removed US clients access to MetaTrader and are pushing DXtrade instead. 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 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 . if you are good enough to pass these challenges and get a payout you really don't need to use one of these companies. so let me clear things up: your trades never get placed in a real market. Any advice? With FTMO I’m fairly certain there are restrictions on certain news evens across relative pairs. 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. Glad to hear from a fellow trader. I’ve hopefully learnt something from all the pain however. 5-1. FTMO does have some downsides though the biggest being the news restrictions. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. 875 subscribers in the ForexCracked community. which is more than enough to pay out the traders that do make money (90%+ loose) That being said, ftmo recently made available extensions if you are close to the target and from day one even if you don't hit the target within 20 trading days you will get a retry anyway. Cars, planes, boats, and more. Some people like to go with more trusted options. -ftmo's business model is based on the failed challenge fees. Looking for a new prop firm after MFF has been dumped. 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. The problem isn't prop firms or regulations. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. FTMO is awesome. Users appreciate FTMO’s clear rules and reliable payouts. Its profit split structure starts at 80% and transitions to 100% profits quicker than Bootcamp, and the additional monthly salary is a unique incentive. rchae dyevai hqz myjtwdt xplg gzwpucs kqni evgto xnjzvvv foc