Failed ftmo challenge reddit. I quickly learned that I have to have RR sitting at .

Failed ftmo challenge reddit I failed 2 FTMO challenges before they introduced the no-time limits. IMO don’t pay for courses bc there’s enough free info out there. FTMO Challenge update, their metrics system once again flagged an inexistent max daily loss violation, while the account both the balance and the equity were in profits. Don't panic towards the end of the challenge to meet the profit target by risking more. So you put a deposit / security payment of $230AUD, to start the challenge, but can lose a maximum of $1500AUD What a coincidence! 6 years of chart watching and I’ve never seen 500 pip spreads on GBPAUD in my life but somehow FTMO had them when I was holding a highly leveraged position. 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 😂😂😂) 🤦🏾‍♂️ Minimum of 4 days of trading for the challenge stage. For Christmas I think they’re doing 90% payouts. Countless YouTube videos, Udemy courses, Google searches. So today I failed my FTMO challenge. One thing you should know before taking this challenge is that FTMO requires steady traders. I’ve been full time since 2007 and have never paid for trading instruction. I started challenge recently and find that its forsing me to close postion or put stop loss just before it would hit drawdown rule, as if i was trading my own acc i would let some trades to develop still (not saying that would be in protit) 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. - To be with other like-minded forex traders. The catch is that they advertise buying power as account sizes. I need some guidance honestly - is there a school or trader actually teaching proven strategy Right now I am taking the 5%ers trading challenge, which allows me to swing trade comfortably. 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 357K subscribers in the Forex community. 90 while the site was performing maintenance causing me to owe more than my stop loss. I bought the 10k challenge and plan on working my way up to 100k and just using profits to scale up and pay for the next challenge. But the funded accounts always ducked him This is why you tend to see "I passed the FTMO challenge (secret : after their 8th attempt)" posts and zero "3rd month in a row extracting an income from FTMO" posts. 2nd mistake. In the second challenge, I decreased my lot size 25% after the first phase. e impulse, corrective, impulsive etc. 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! I failed FTMO once because of the time pressure/stress. My friend had 5 funded accounts and never a payout. This is just what works for me so take what you would from it. Most people only lose the challenge because of too much risk and therefore the mindset takes a hit. Overall, I was still roughly 7% in profit. I submitted a claim. I do better on my own accounts for whatever reason. This course will dramatically increase your chances of passing the FTMO Challenge on your first attempt. To answer FAQs, yes I’ve done lots of research on it and even read the fine print, so don’t come at me. I also only think you can fail the challenge once and lose your initial investment. I was 50$ away from starting over. Ex: -$75 on a trade would me that you were -$75 in drawdown or a cool . I almost nuked my account by letting a trade get away that came back from being 4950$ drawdown. It was not easy and like a lot of you guys I started Forex through a scam on Instagram, a MLM company (pyramid scheme) where my “mentor” told me I could easily double my account every week with 20 pips a day and as I didn’t know any better I believed it. majority of people fail, and the ones that pass will probably fail next month, the occasional pay out wouldn't be an extreme amount of money like 100k probably 10-40k, That isn't much when you have 1000's just going through and constantly failing. 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: Hello, I failed the FTMO challenge because my stop loss was not triggered due to FTMO site maintenance. Imagine on the last day of the trading period, if you are on real challenge with real money and you profit at this level, but suddenly you hit over the daily loss limit $10+ or whatever. That was the first account I failed. So 1st day got 862€ profit. I cut my lot size in half to finish. Same for verification stage. Get the Reddit app Scan this QR code to download the app now. Max loss was supposed to be 20k. Hey guys, I am currently doing an FTMO Challenge. I love practicing with these challenges. A little backstory of my trading strategies: I trade the daily chart and on average I make 4-5% monthly, so to succeed in the challenge I moved to the hourly and M5 charts. 5-1. So I watched a video of FTMO where they look into the accounts of failed challenges. 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! I recently traded a FTMO challenge, however I’ve been looking at SurgeTrader for a minute. Mind you the max that I have lost is 1% per trade. Let’s goooooo!! 10 failed challenges?! I’ve found my people. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the So to them, it is a completely risk free business. Check out my shared screenshots with FTMO challenge stats for a closer look at the journey to success. I just failed FTMO verification for 3rd time lost so much money over past three years and I don't know what I'm doing anymore. Tiny risk and good mindset is the way to win. A lot of traders have been able to make a good living by trading full-time thanks to FTMO. S. Not a long time I know. 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! I failed the FTMO challenge because my stop loss was not triggered due to FTMO site maintenance. This helped me a lot to reduce the stress of passing. You only need to earn 2. Im not sure about lets say total account sizes of $395,000. So I decided to try an ftmo 10k challenge. 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 If you lose 3 trades which is 300 dollars in a row the strategy isn't working. But the normal payout is 70%. I think a lot of people don't realize that many of the traders that pass the challenge fail to make their first withdrawal because they fall off after getting funded. FTMO. Both verifications took me more than 30 calendar days I believe slow and steady is the way to go with ftmo. If it's something you can easily fix and are confident you'll pass then go for it. I can make 10+% per month on a good month, but to have 10% average would require too high risk. If you can pass the ftmo challenge, that means you can double your capital in a month without the restrictions of ftmo. I started my challenge on the Monday and I failed in like a day because of that, It doesn't help that on my personal I swing and I let trades run loose. Because every account you withdrawal from it’s going to say passing. get a demo account and learn if you can profit at ALL first Thing is, if you can't trade successfully a 1k account, don't even try a prop firm. WHAT I like about FTMO? 😀 For new traders, FTMO is a good place to start. once you pass they give you the acct, and from then you grow the account and get paid from it 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! Welcome to FXGears. I'm not sure what counts as a day of trading, but I think as long as you've entered a position on 4 different days, that's enough. On my FTMO account under credentials with the login ID and password it also says platform DXtrade. So far they are legit. They say you cannot lose more than $5k of equity or 10% and you must make this same 10% within 30 days to past phase 1. I was going for the 25k on most of the fail attempts I think maybe 2 50k accounts I failed that’s part of the 9 I messed up . Take for example, a $50k account challenge. Daily loss was 10k. After a while it seemed better to simplify everything and just look at plain simple price action, I. But you have to give them 30% of your profits each month. I like to try different ones, to see who is better. I have a Myforexfunds live account and have recently failed phase 2 of another challenge. From your comment all I can recommend is reduce your lot size and demo trade for several months. Most importantly, have fun! Your trading journey is a marathon, not a sprint. I've narrowed down and will share some things that stood out and helped me succeed. FTMO is the market leader at the moment. 70-. Currently have a 50k funded and a 10k funded account waiting until September to try an get a monster account like 100k or 200k rn I had the 50k account almost 3 months closer to 2 but I’m just using the money to pay 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. But now i've failed for twice. You should do the free ftmo challenge, they give you 14 days to get 5%. true. 10 and put a stop… Don’t take another challenge until you pass the free FTMO demo challenge again and again. FTMO Forex Trading Community was created with the following intentions: - To help new and professional traders learn and improve their forex trading skills as best as we can, - To help Traders know more about FTMO and how to get funded by them, - To help/guide new traders in passing the FTMO challenge and verification stage. The rules for the Challenge Passing help you handle risk management better. It was my first challenge and I couldn’t believe it was actually happening. FTMO kind of reminds me of one of those claw machines where you put in money to try to get a prize. 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. That's how they make their money, and it's one of the best business models out there. Price keeps going against you another -$110 (-$2010 total) then back to negative -$1900. com's Reddit Forex Trading Community! with the biggest account like for eg. com, a trading forum run by professional traders. 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. I spent the next 4 month trying new strategies to make the 10% target and finally in May I passed the first challenge. Just completed the 10% challenge for the 100k account on ftmo in 36 hours. 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. As promised yesterday, I applied for a paid challenge to publicly assess the FTMO challenge and resolve once for all all questions about legit or not… Welcome to FXGears. 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 your direction you’ve failed the challenge Hi all, long time trader here, just recently passed my $15,000AUD FTMO challenge in 2 days (lol), and was wondering how does FTMO profit from its users if alot of traders fail? To put this in perspective, I'll be speaking AUD. First one was last week of August which was a stinker for me. Deposit the challenge fee into a brokerage account and trade it away. I think that the FTMO trading is a good opportunity for traders to get good returns for a small amount. I have come along way! Please share your experience with trading or even FTMO :) Ok I did ftmo challenge for real and I failed within 2 days. Makes me think people blow their accounts after passing. Spreads are tight, and execution is flawless. Do not be tricked by fly-by-night firms offering cheap thrills. So you are paying €155 for the possibility of only getting access to at most $1,000. No one is obligated to take the challenge, they’re simply providing the opportunity for people who are consistent. Hey everyone, I've recently got into ftmo, and on my first try, I passed the stage 1 of ftmo, onto stage 2,its a different story, I've been quite unlucky, ad after a series of trades I'm now down 9. Regarding account management, MyForexFunds put out some interesting statistics about their traders a couple of months ago. Lost money on my live AND demo AND failed that challenge before lol. So, i took a 100,000$ swing challenge, and i completed 3/4 objectives, the only one I failed was the maximum daily loss! Is there any chance i get to retake the challenge or is it done and dusted? Because i read somewhere that they allow you to retake it if you completed 3/4 objectives. Roll on Friday, which is the start of my funded account journey. If you cannot pass multiple times in a row, then prop firms are not for you. Since then, Ive passed and failed additional challenges, sometimes on Phase 1, sometimes on Phase 2. 8 - Win rate of 55-60%. 1 where you risk and play around big( because we’re all risk takers naturally) and 1 account that you just use a 1-1. Reply 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. He traded the challenge and verification with 5%/trade and you don't have to be incredible lucky to pass the challenge and verification that way. i’ve been reading posts and comments about FTMO’s challenge of 10% for 30days is ridiculously high. However, if you can do that, then you are in the game. Find something that works atleast 50% win rate and do not ever break rules. Rish management is key, and you should aim for minimum 1:3 RR and risking no more than 1% of your account. This was also my second challenge. 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. Not trying to be offensive, but it was dumb to keep trading let alone without a stop-loss at less than -$500 or without keeping track of how much you were down for the day. One thing I’ve learned is have 2 accounts. Guilty of doing news releases too hahaha and for what it’s worth it says here “Please note again, these restrictions on trading during the restricted news events do not apply to FTMO Challenge or Verification accounts. It has a free trial that’s quite tough if you ask me. Multiple passes in a row. The 2 major drawdown periods are plain and simply my fault. Around 90% fail the challenge, and those who pass, around 90% lose their account in a short time. 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. I have passed the initial challenge and I am currently trying for the verification phase. Note that this is not the first time it happens 18 votes, 21 comments. What does this mean? I already got the message saying my daily loss has been breached and to email FTMO. I feel the challenge is more of a puzzle. FTMO makes the majority of their revenue from bad traders who are stupid enough to fall into the above loop which is a large amount of them. I could see I was trading in a emotional state and felt very isolated. I can't find the stats on how many traders have been funded for the year 2020 in FTMO. I’m considering starting the FTMO challenge next week for the $10,000 account and was wondering if it’s a good idea. And if you get lucky and you pass, you won't hold the account for long. That was a low moment for me. 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… I’ve given up on FTMO. which is more than enough to pay out the traders that do make money (90%+ loose) -the really great traders with good rm and consistency over a longer term basis get copy traded onto a larger live account. 80 to satisfy those rigorous parameters. Don’t buy a challenge to follow this topic, if you can’t trade after passing the challenge there’s no point of taking the challenge in the 1st place. You didn’t mention anything about your backtesting. Keep trading sharp! 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. As for risk management, a 1:3 risk-reward-ratio with just a 2% risk on solid trades was my golden rule. I am confident I will pass the challenge stage but I am a bit in the dark on the verification stage. Currently I'm doing the FTMO challenge and I got to the profit target. Its the fear and greed, anyone who says trading is easy is completely bullshitting. So, for example a common challenge is to do 8% in a month. clients, some other ones are ok, also. Just a curiousity of mine. Well, just then you FAILED the challenge because you lost 8K last week then opened a position that briefly went -$2010 passing your maximum allowed drawdown at 10% or 10k. Dont beat yourself up, this isn't easy. Please dont get me wrong as I have a very limited knowledge about profits etc. I took a 2. I feel I was lucky with the first phase 1 challenge, but the second phase 1 challenge took 23 trading days. There's an interview with FTMO CEO where he mentions 94%trader fail the challenge. Propfirms run promos, so I buy a cheap challenge, and if I like it, then I would get a 100 or FTMO is a prop firm where you can get a funded account to trade. I have reported the issue to the support team , I now await the response. EA uses a well-calculated hedging strategy to either pass the prop challenge or recover the cost of the challenge (challenge fees), so you don't have to pay for another challenge if the first one fails. I quickly learned that I have to have RR sitting at . It shouldn’t matter if they’re making money from failed challenges as long as they’re paying traders. Stop taking ftmo challenge. They kept saying I had to wait till the 10 days are over and then i could reach the 10%. I explained my case, and even took the so called loss which did not equal what I was supposed to be losing. 6% and I've almost failed the challenge, I'm not sure how to get out of this but I might need some advice, do I carry on with my strategy and hopefully get 2 wins in a row or do I risk it all with The majority of challenge takers are not aware of this and are risking only 1% to 2%. There must be something more to successfully ride the bit bigger prop account of course with all the pre phases… At the moment i am working on my fourth 50k demo challenge, have successfully made 3 already. This free challenge account is the closest thing to a real account. It's still a fail even though the trade you took won and passed the challenege. So good trader = guaranteed funding from prop tbh many people dont really have a choice aside from taking the challenge because most likely, no one has 100k lying around to use. The second was because I forgot about the drawdown limits. If you're in the scaling plan, you get a new "initial balance" reflecting the "scale up". If they pass, you pay. So basically, in once instance my time was running out as the challenge was coming to an end, and I was only 2% in drawdown. . Please explain it like I’m five. Even if you fail 1 or 2 challenges it could still be worth it. And looking where price moves to. They have a long history in the industry, proven consistent payouts, and upstanding customer service. 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 would say go for it but you won't make life changing money because of how strict their rules are. Same thing happened with my first ftmo challenge, I was £700 in profit. com 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. Thats why Im asking if you had expierence with this. Honestly thinking of quitting this, but I hoped this will be my way out of 9-5 thing. 10 and put a stop at 1. com is a platform that provides traders with the opportunity to trade with real money and potentially join their trading team. So far so good, but I got there in 8 trading days instead of the minimum of 10 trading days. I’ve failed 10 times or more since April 2020. 22 votes, 24 comments. The cost of the FTMO challenge depends on the trading account size that you choose to trade. Then you are disqualified. Without the weekends, you’ll get 20 trading days. Take your time, bad losing streaks happen to everybody. It requires patience, time and discipline. After 3+ months of profitable trading you can then test your ability for free with the 2-week FTMO challenge account. Currently attempting my first ftmo challenge on the 10k account. 50 lot throughout the month using only 4 and 8 hour charts, that account pays bills and funds life. My problem with ftmo is I see many people passing the challenge but never see them post again. 2nd day exceeded my max daily loss of 500€ besides I had 862 from the 1st daydoes this rule make sense? PS: this is just a trial, just testing some strategy, but one thing I already learned, use small lot sizes and never more than 50% of your margin, otherwise you will fail sooner or later. And even though you faced some challenges in Phase 2, it's impressive that you were able to recover all of your losses and end the day without any losses. But since then I’ve also been attempting FTMO’s free trial challenges that mimic the real thing, I failed the first 2 times, passed the 3rd time, got a repeat and passed on the 4th time and am set to pass the 5th one (hopefully). 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. Cant wait for the downvotes on this Posted by u/Traditional-Entry-89 - 26 votes and 7 comments Welcome to FXGears. 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. Looking through the trades since I triggered the challenge to start. And now it's all down Before got the challenge,I had spent hours and days for backtesting thounsands of orders and it gave me gud result at that time. 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? Welcome to r/FTMO_Forex_Trading! If you're here, chances are you're looking for some tips on how to pass the FTMO. Later I took a second challenge and I was in the same position, $320 from finishing the first phase. Seeing a lot of videos lately of people passing FTMO challenges on Youtube. Congratulations! Keep up it. My daily hit 23k. Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. One day i realized it's not about right or wrong but all about risk management. if you’re in the mood to donate, there are a bucketful of charities that would love some cash. Remember, in the market, perfection is elusive. I’ve been trading since I got out of high school 2021. 00. Welcome to FXGears. Edit pdf's and place your name, you won't last much on ftmo anyways, so at least get your fee back and some money on the payout and give up on prop firm trading before going bankrupt Reply reply I failed so many times because i don't have a plan, i change my strategy from time, i don't know what is wrong. 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. 00 lot trade and that started the losing streak. Also, FTMO doesn’t do a good job at explaining drawdown limits as it should be in bold not in FAQ page on a tiny link. I started trading with a new one, Tradersedgefx. I felt cheated and disappointed. I can demo trade just fine, I passed 3 ftmo trials one after the other. So once you withdraw your profit for those 30 days it restart like a challenge. It feels like a long time ago, but it was only last year. To me the fact that you have to make a 10% gain is proof they want you to fail so they get the fee you paid for the challenge. The following week I did really bad in my Forex funds challenge as I didn't adhere to the rules. - Each challenge was done separately, months between one and another. I have not violated any of the rules and have gained 5% over 4 days. But to your point about increasing from $140K to $300K: are you seriously proposing that a reasonable person, acting prudently, would let $160,000 sit in a a non-intrest-bearing-account if there was the slightest chance they may never receive that money? I have tried the FTMO challenge a few days and got a very bad and unfair experience. Very happy with myself and my progress, especially that I started trading less than a year ago. One thing I noticed is that they always tell you to contact them once you violate the challenge, but why is that? Is it because they recover accounts depending on the situation? I have just bought an FTMO challenge and I got my FTMO challenge login credentials from the clients panel. Ftmo ticks all boxes, if you check reviews etc they are mainly all good ones, Plenty of people use ftmo not sure on your progress with forex but take the free trials before spending out on a challenge to be begin with and get used to there set objectives and rules If you make even a cent over the 10K capital, FTMO gives you a free retake. If so, are there any tips/recommendations you all could give for when I start? It's not hard to get funded. I forgot to mention that recently I checked out all of their LP’s spreads during the EOD and they don’t get anywhere near as high as what FTMO provides. But if I continue trading my current FTMO challenge, it does not look like I will reach the 10% target in this month either (the current challenge looks like it is heading to a free repeat again this month). Thanks in advance 😊 I am very risk averse so 2% per trade is high for me. It costs 500$ for the attempt. I failed my first 5ers challenge with poor risk management because my strategy works for my personal accounts. Hello! I already passed ftmo demo trial for 14 days for 3 times already. I over traded and just went in complete denial over the fact that I had just lost a substantial amount. Can you share your experience? Withdrawal process with diff payout Does challenge not helping u to stick to the rules? U should know ur drawdown alowance and must stick to it overwise acount will be closed. „I passed 3 times FTMO challenge 100 each“ (… but either I failed to maintain my profit streak or my headline isn’t true so that I need to scam people) Reply reply PopularBackground375 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. ” So you could do news if you wanted to just to pass the challenge and get your funded account but then going forward you I’ve tried FTMO and Trader2B, and can confirm that the culmination of experience day trading will help you be successful in passing these. co/R6FLGqR (edit - it's not actually equity curve as it shows only the profits made and not the account balance) Sep 27, 2021 · What's your next step after you fail your first FTMO challenge? This video goes over 3 key actions you can take to improve your chance of success with your n FTMO is good, but they stopped taking U. And not only that, but the Verification too! This is the best Forex course for beginners to learn how to pass any Prop Trading Firm challenge, and during the course, you will witness the entire process with the most popular firm – FTMO. For example you open a trade and it goes to a -5% loser and then reverses and hits your take profit for +10%. However, making 10% in a month is hell of a challenge because there are only 22 trading days available. -ftmo's business model is based on the failed challenge fees. I'm definitely no expert and have only just passed the FTMO challenge after a year of studying and messing around. 50% Profit Share: The account size ranges from $10,000 to $500,000, and the challenge fee starts from $295. I hardly think anyone is successful over time on FTMO, given they mostly force you to day trade, which is a sure fire way of losing money or at the very least having major drawdowns, which keep you from having a long-term prop career. I quickly learned that wasn't the case with a prop firms 5% daily DD. 5%+ per month to scale up the accounts every 4 months with ftmo (maybe other firms also). FTMO offers three account sizes: 10% Profit Share: The account size ranges from $10,000 to $100,000, and the challenge fee starts from $155. MyForexFunds is a prop firm out of Canada with similar challenge parameters as FTMO. I just wanna hear from people with personal experience trading with SurgeTrader and/or general ideas and opinions. -Share FUNNY Trading To pass a propfirm challenge you’re required to have a total return of around 13% (usually 8% phase 1 & 5% phase 2). This topic is mainly for people who already have a challenge going on, and they struggling with it, as it become more stressful and it might influence your performance. It's been 2 months since i got the prop firms challenge . 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. If they fail, you are still out FTMO's challenge fee. So for example, take the FTMO challenge, you’ll need to pass the 10% target. You'll keep failing. com's Reddit Forex Trading Community! Here you can converse about trading ideas… We are currently recommending and standing by FTMO. I just recently got my first FTMO challenge. My equity curve: https://ibb. But yeah ill come back stronger 💪 I've been reviewing my trades. This week you open a new position and it starts to go against you at minus -$1900. First things first, let's start with the basics. Or check it out in the app stores   FTMO 10k challenge - 25% profit but failed cause of I am so proud of me, I finally passed my 100k FTMO Challenge (along with a friend of mine) and I wanted to brag a bit with you guys. 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! ---- We also have one of the largest forex chatrooms online! Currently undergoing the FTMO 10k Challenge phase 1 and safe to say I'm still in it. I believe their business model is banking on most people failing the challenge. com's Reddit Forex Trading Community! Here you can converse about… For me personally it is too much. I’m not saying its not hard. Thanks a lot🙏 Just hit 9% profit within a week after hitting 10% within only 2 weeks. So, in order to keep the live accounts, I decreased my lot size by 50% from the phase 1 challenge level. I had 13k in drawdown and about 6k in losses. 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. 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. 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! They give you 10k for a 100k challenge. 1%-3% max but I think 0. If not then practice on a demo with 100k and try and see why your strategy for the 20k isn't working for the 100k. I never understood this mindset. 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. The advantage of buying a new FTMO challenge is that I can take advantage of the new no time limit rule. If you took the buy and kept it at your supposed top, then sold down, you would have had 2 trades and been up 5-10x the multiple of your profit earnings. I’ve failed it and failed to keep up with the requirements which got it closed. 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. It's hard as I started ftmo challenge and my Forex funds challenge and in 1 week I passed ftmo. Is it possible to still fail the verification stage if you don't violate any of the trading objectives? I just failed the prop firms challenge for 2nd time. Hey, thanks for sharing your experience with the FTMO Challenge! It's great to hear that you were able to pass Phase 1 in just 4 days without any losses. Sometime i have a very good set up but still lose the trade, i don't believe in myself anymore, after 20th failed I almost give up. 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 Passed Phase 1 and 2 with a different Prop Firm and blew funded acct in 3 days. , whereas other people say FTMO, like 'all prop firms', make money through people paying for, failing, and repeating their challenge, and those who do pass are Here's a fucking thought. The price gapped down to 0. 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 big but I have did it easy lot of time before(on smaller accounts) I feel little nervous to big lot and can you actually trade? this is a serious question btw, seems absurd a “trader” blows 8 accounts in a single month unless they just started learning like 2 weeks ago. Prior to that mess I was 800 shy of the goal. I'm planning to get 100k usd funded account since yun ung talagang pinractice ko. 200K on FTMO? At that point 1% is 2000, and 10% is 20000 I’ve passed a couple challenges and I hated them. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. So you get a new 50k account every time. It is true that at the beginning, I was afraid to fail the first test, I knew how to trade with a small capital at the beginning and I wanted to opt for the comtpe financed at 50k$ but fearing to fail the verification stage with quite complex evaluation criteria I called upon a professional who passed all the steps for me and passed brilliantly. I have been trading since 2020… Welcome to FXGears. FTMO challenge. Sorry for my English… I have make challenge 3 times already, 2 times failed at verification, 1 time lost prop account. For example, I bought at 1. FTMO definitely isn’t a scam. 340K subscribers in the Forex community. To hit your 10 day minimum trading days litterally enter and exit 1 trade a day at like a $0. My question is: Can I just open two positions on two separate days and close them right away for a break even, or will it be considered as "cheating"? Thanks in advance for your help! Having failed many challenges before finally passing into the verification I felt overconfident initially given the easier Tp and tried to quickly blitz through; soon finding myself in deep drawdawn, I contemplated a hail mary trade with US FOMC or CPI to pass this challenge. I got upset that I closed the trade too early because I would have passed my ftmo challenge in that trade. For this hedging process to work, you will need two accounts: a prop challenge account and a live account funded with a smaller amount. You can fail a challenge with just unrealized PnL alone. Same thing with taking a prop challenge. My challenge ends tomorrow. There's a real mix of opinions out there, some people say FTMO is a great company to trade for as you get to keep a generous portion of the profits and get good leverage, spreads etc. But you do get a payout. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. I have downloaded the cTrader from the FTMO website and I tried to login with the login credentials from my FTMO account but it failed. This caused me to fail the challenge. But if you do the math of the minimum amount of profit you need to pass a challenge the challenge will be a lot easier to pass. Edit: Also in the algo you can have a built in DD limit per day or total DD Reply reply You need to work out why you failed first. 50 loss or slight win. If you are extremely disciplined go for it. 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. When you finally learn how to trade consistently and generate profits, the sky is the limit. You have to pay a entry of a couple hundred euros and they give you from 10 000 to 100 000 dollars to trade with, if you pass the challenge. If you’re really determined then plan on trying out the challenge X number of times until you get the hang of it. my best advice is maybe, idk, STOP BUYING CHALLENGES YOU CANT PASS. Hey since the max allocation is 400k for FTMO. As you can see I got pretty close to the max daily loss. So from my assumption it’s basically like the verification and FTMO challenge without a target. 😀 The answer is revenge trading. I did the challenge myself. 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. FundedTradingPlus is a new prop firm in the UK and they give you liberty to pass the Evaluation stage without any time constraint. gakr ngna lhu lyjfb irbj tzzz udfclyu zsbn fyfu nevj