Ftmo premium reddit. Trying too hard and studying too hard has diminishing returns and is counterproductive. Welcome to FXGears. 25% per trade with Mentfx since they have unlimited time per challenge, as opposed to 2% per trade with FTMO's 30 day limit. If you have $1000, that's the exact same as having a $10,000 FTMO account; if you lose $1000 on an FTMO account of that size, they close your account. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. Getting fucked on market orders hard. 8 - Win rate of 55-60%. That's true. M1 is made for those looking to build their wealth using powerful automation and topflight rates. O programa tem dois níveis principais que pode atingir, com a possibilidade de alcançar o terceiro nível. 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. I'm not worried about the 5% daily drawdown limit, I know how to avoid that. Can't go wrong with FTMO. For swing traders, it's a great improvement too once they actually get the funded account. But is this concept, born in the digital age, really worth the attention of investors and traders? This […] Ive had so many slippage mishaps with ftmo where they literally will widen the spread just to hit yoir stop loss it happened literally 75% of the time with ftmo compared to mff. I want to take the FTMO challenge for a swing account in August. I just waited until it came. They would promise to fund your trading account with any of their chosen brokers (mostly small brokers located in Cyprus), for up to 100 thousand dollars leverage, but only if you first pay them a certain amount of money in advance for a demo. FTMO is legit and has been around for a while. S. 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. Terms & Policies FTMO can only handle 2,000 SL/TP modifications, so maybe Before I insulte you I will let you know I’m from Switzerland so not native English speaker. . Yet FTMO will soon become my main source of income, but you do you🤷♂️ My concern isn’t taxing as self vs LLC the real concern here is how to account the foreign income for tax purposes. Their challenges are a bit tougher than My Forex Funds where I'm currently funded. Always payout, every time. The hardest part for me is the psychological aspect as I can't find myself to stick to my original plans when going into trades. FTMO's Premium Program rewards successful traders with two tiers offering increasing benefits: Prime Status: More Money, More Profit: Increased maximum capital allowance (up to $600k) and a higher profit split (90% to you). I’m in Canada, after long discussion with my accountant, I found the best way to do a job remotely and get paid from foreign source is to treat this income as export business. I took a 2. In the other note I believe in every single one y’all who are trying to make a change. 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. Yes , I keep it in mind however one question I still have if I'm in gains of let say 1k , does the daily loss self adjust? Another question is about hedging a trade but from my experience they would still consider the hdged loss not the winner ,so for this experience I won't be hedging my trades Musíte mít aktivní FTMO Account v hodnotě 400 tisíc USD (sloučený ze dvou FTMO Accountů v hodnotě 200 tisíc USD nebo z jednoho FTMO Accountu v hodnotě 400 tisíc USD). Savings are hard to come by because FTMO doesn't give them out very often. And still, I would be way more stressed out having a drawdown period on my personal account than on a FTMO account. Read our full in-depth FTMO review and compare it to other Forex brokers before deciding if FTMO has the features you are looking for in a Forex broker. The challenge consists of trading with a virtual account for 10 days, with a specific set of rules and conditions. There are 4 different challenge accounts you can pay for: $10,000, $25,000, $50,000, and $100,000. Now let me flame the f out of your cocky ass. 5% with the 5%ers, all due to the spreads. Was surprised when the transfer hit my account wasn’t expecting it, but it’s legit. The difficult thing for me will be reaching the 10% profit target. FTMO is a prop firm, you can pay a fee to be evaluated to earn capital (10,000 Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press. 5-1. IMO, MFF only beats FTMO with better evaluation requirements. FTMO is a company based in the Czech Republic. Just a heads up in case anyone was looking at doing the challenges. On FTMO's YouTube channel, I was watching one of the videos about the process and they said in the video that you don't need to contact them because they already know your account is ready for the next step. Nov 17, 2023 · In this video we will do a deep dive into the newly released Premium Programme by FTMO. However, before you can do that, you need to pass their challenge. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. And even extra 10% more for those qualifying under the scaling plan. Thanks for reading this FTMO review. That way I can be at my computer whenever I want. anywayofcourse a prop firm is better than your own account for sure because with less money you can gain more Posted by u/rossquincy007 - 11 votes and 3 comments As you may have seen ftmo recently announced they're bumping up profit split from 70:30 to 80:20 as a holiday treat for passing traders. com/en/premium-programme/ more. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! Always remember that these guys the run prop firms are always competing against other prop firms , in forex eventually after using statistics and time … 95% of traders will lose (the house always wins) only the 5% make it with good coin. Ftmo is good for scalpers and you need luck because is kinda hard to make 10% in 30 days without luck. I can demo trade just fine, I passed 3 ftmo trials one after the other. FTMO does have some downsides though the biggest being the news restrictions. Our FTMO Challenge is the first step of our Evaluation Process. Do your research but so far, my experience with MFF has been great. Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press. 242 votes, 229 comments. Swing traders can go through a multi-month drawdown even with a profitable strategy, b Step 1 – FTMO Challenge. I got upset that I closed the trade too early because I would have passed my ftmo challenge in that trade. I backtest a lot on TradingView, and also analyse on TradingView before looking to take a trade on MT5. But for the challenge, they're faced with the same problem as before. Took alot of shit from other people. Even on Gold I notice there spreads can get a little high. With FTMO, after 2 months of consistent trading you can have that capitol to trade with. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. In a weird way, when I treat my FTMO accounts and personal account (connected with social trader tools) like demo accounts, I stop caring so much that it messes me up. https://ftmo. Before you can get your FTMO Account, we need to be sure you can trade responsibly and manage risk properly as, in the future, we can use your simulated trades performed via the FTMO Account when trading on our own account on real financial markets. No "gotcha" moments or stupid fine print rules. Ftmo might he the next go seem ok just different targets tge 2% extra might take one or 2 goes however finish the month in profit and you get a free retake. Spread on limit orders is also rediculous. Advancing to another step demonstrates commitment and talent, leading to an FTMO Account with fictitious funds of up to $200,000 in a demo environment. Hello, good day everyone. Got to give it to FTMO. So it's been a while that I know FTMO, signed up with them at the end of 2019 not long after it launched, but failed the tests (2 100k acc tests), I then switched to trading cryptos (on personal accounts) and been quite profitable with that, and more importantly learned to trade better! Also, FTMO is managing their entire portfolio risk, so in your hypothetical example, there are likely a lot of traders with those positions (not just two) and all those positions offset each other to varying degrees. professionalism ,longevity of FTMO. M1 lets you earn, invest, spend, and borrow all on one financial platform. 2k up 🚀 Now you can get this EA + HFT EA for only 500$ Message us on… You initially pay for a challenge account. The real question is do YOU have a consistent and profitable method? That is the real question. Special certificate for your achievement. Searching for it online is a waste of time. 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. No issues. People bitch about higher cost and FTMO being 'plain jane' without all the bells and whistles, but that's what makes them great. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. there are 50 prop firms operating as of now , but no firm can match track record . Anyway, I linked the two accounts to my trade copier, and the exact same trades have resulted in +4. The true advantage about FTMO is that when you passed the test, you get the refund so it didnt cost you at the end. FTMO will look at their net exposure and adjust it at the portfolio level if it’s too risky. I’m not sure ftmo suits low time scale scalping. You only need to pass 8% in the first round and 5% in the 2nd to get funded and drawdown is 12%. Access to the unique $400K FTMO Challenge product. As I'm wrapping up with my FTMO challenge, one thing I would like to know but cannot find any information on is once you become an FTMO trader, what happens at your monthly profit split if your account is in a slight loss but you haven't breached any of the drawdown rules during that month? Say you end the month at $199,000 on a $200k account. 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. Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. as long as you don't resort to shady practises and align your trading style with them , you are good to go. FTMO is legit, and I assume they have a lot of very successful traders. 1% with FTMO and +4. Now we can trade through high impact news and hold runners over the weekend if we want. 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. Se o Acordo de FTMO Account for assinado com sucesso, é-lhe dado o direito de utilizar a sua FTMO Account num ambiente de demonstração simulado com fundos I used to commented on youtube about how bad the slippage and spread was on MFF so I used FTMO even though FTMO is harder. 😕 Customers from the US are no longer welcome. 00 lot trade and that started the losing streak. -ftmo's business model is based on the failed challenge fees. Among these innovative approaches, Smart Money Concepts (SMC) has emerged as a compelling force. My strategy is fairly simple to be honest just carry out top-down analysis see where the major levels of support and resistances are and where the general trend is to give me a bit of a bias. A relação entre um FTMO Trader e a FTMO baseia-se no Acordo de FTMO Account que assinaremos consigo depois de passar o seu FTMO Challenge e Verification e criar a FTMO Identity. I guess that's where personal preference comes in because I'm perfectly fine with risking 0. I have been trading since 2020… Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press. 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. The leverage is only 1:30 instead of the usual 1:100 however it is easily compensated by trippling your lot size. There's no such thing as a prop firm that isn't a scam, because they show you numbers that you don't actually have. Orcale EA Running the exclusive premium XAUUSD set on this FTMO Challenge, £6. com, a trading forum run by professional traders. - To be with other like-minded forex traders. I've done challenges on both and I personally prefer FTMO. 331K subscribers in the Forex community. I then go to lower TFs one after another and see further levels of S&R that Advancing to another step demonstrates commitment and talent, leading to an FTMO Account with fictitious funds of up to $200,000 in a demo environment. FTMO has 5 stars! Check out what 13,593 people have written so far, and share your own experience. 1%-0. Despite being a demo, FTMO Traders can get reward of up to 90% of simulated profits without risking their capital and access exclusive opportunities, including FTMO Premium Programme. FTMO only lets you trade CFDs, which is illegal in the U. The main reason is rules and laws. -Share FUNNY Trading It's a huge improvement for day traders at least. Sorry OP but that's a dumb question. 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. 5k FTMO without second thought. Same here. You will never have worry about a "MyForexFunds" moment w/ FTMO. Then you have to complete the challenge where you have to make 10% in one month while adhering to their drawdown conditions. com's Reddit Forex Trading Community! Here you can converse… Welcome to FXGears. So this how the first FTMO payout went. Why FTMO funded account trial is a dangerous trap for you. If you read what op said in other comments you would know he didn’t request a withdrawal but FTMO still send this to everybody who reach the date of their profit split but didn’t made money. which is more than enough to pay out the traders that do make money (90%+ loose) Congratulations! You’ve hit more than the target profit in 2 days and with only 7 trades! Great feat! Shows that waiting for your perfect setup and being disciplined while waiting is the key. 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. with FTMO you can get a practise account and test fills , spreads for 14 days. Commissions/spreads are low and competitive. When analyzing my trading style FTMO seemed like it was the best fit for me hence why I trade with them now. 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's 70/30. seems like you guys have not understood how ftmo works. Same thing happened with my first ftmo challenge, I was £700 in profit. 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. Trust the process and don’t give up. even if it's just a simulation. com is a platform that provides traders with the opportunity to trade with real money and potentially join their trading team. You have to be profitable to be able to make money on their Bem-vindo ao Programa Premium da FTMO, onde traders de elite têm acesso a benefícios e recompensas excecionais. FTMO. In the ever-evolving realm of finance and investing, the rise of the internet has sparked a wave of modern trading concepts and strategies. Do my statements make sense? If yes, why would anyone not go for a swing account?. Exclusive discounts: 10% off all new purchases of FTMO Challenges and 15% off at the FTMO e-shop during the Premium Programme. Damn thinking back I was smart af. I said August because I'll have a whole week off in August. so let me clear things up: your trades never get placed in a real market. Reply reply [deleted] I did not contact support. A dedicated customer support agent to assist Prime Traders. Welcome to MarketScreen – Navigating the Financial Markets Together! 📈 MarketScreen is your go-to subreddit for discussing everything related to stocks, trading, and investment strategies. It's way quicker than building up your personal account from 150 to 10k. Competition in the space makes everyone better off! Now is the time to take advantage guys ftmo profit split update The issue here is that you see all the 'success' stories and no failure stories. I can go on and on but mff wins 🏆. Ziskovost Aktivní účast na úrovni Prime po dobu 3 měsíců s alespoň 3 výplatami a ziskovostí 4 % na výplatu na FTMO Accountu ve výši 400 tisíc USD. I still think FTMO is a great short term idea. oolybrvomrynvzojtlqsmsvdpeuennqgbojegenahxtnscpltr