Ftmo russia reddit

Ftmo russia reddit. 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. However overall I think it’s my entry parameters that I’ve never changed. I can't find the stats on how many traders have been funded for the year 2020 in FTMO. always let your initial capital come from firms which are considered tough like FTMO,5ers,CTI. my order of preference is FTMO > 5ers = CTI >FP (have experience with all firms , never had an issue with any of them) When analyzing my trading style FTMO seemed like it was the best fit for me hence why I trade with them now. Same here. That account was gone with the help of back 2 back red impact folders getting to my feeling and over leveraging. If you pass it, you get funded. I can go on and on but mff wins 🏆. Hallo Geldzaken, Ik zal binnenkort officeel een handelaar zijn onder FTMO (een prop firma die handelaars hun kapitaal geeft om te traden). USA now a certainly more richier country than Russia, although Russia isn't petroleum station too. 25% per trade with Mentfx since they have unlimited time per challenge, as opposed to 2% per trade with FTMO's 30 day limit. Spread on limit orders is also rediculous. com, a trading forum run by professional traders. The true advantage about FTMO is that when you passed the test, you get the refund so it didnt cost you at the end. Then you have to complete the challenge where you have to make 10% in one month while adhering to their drawdown conditions. They just seem to offer a better deal overall. you could try getting 100k each from 4,5 top firms too , like 100k each from FTMO,Funding pips,5ers,CTI. FTMO official response: Hi there folks, thanks for your comments. I guess the main questions are- is that the best way to do this, should I just hire a CPA (suggestions?), and are any of you trading for FTMO/how are you paying your taxes (if you are US based)? 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. 5k With FTMO, to get your 70% profit share, you have to invoice them, which I would do from my LLC (once I create it). -ftmo's business model is based on the failed challenge fees. Hi guys, Hope all is well. Trading is hard. The situation in Ukraine - geopolitical development, sanctions, and markets Due to the war in Ukraine, traders can experience increased uncertainty in the markets, accompanied by increased volatility on many assets, along with the possibility of price spikes Please leave your thoughts in the comments. I have come along way! Please share your experience with trading or even FTMO :) Sep 12, 2024 · FTMO is not responsible for trading results affected by swap changes or adjustments. 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. The max daily loss is the thing you need to watch out for. 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. I've done challenges on both and I personally prefer FTMO. Welcome to FXGears. Very happy with myself and my progress, especially that I started trading less than a year ago. Here are my findings: WHAT I like about FTMO? 😀 For new traders, FTMO is a good place to start. Glad to hear from a fellow trader. Also do FTMO swing also have Scaling function just like Standard FTMO 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. so let me clear things up: your trades never get placed in a real market. Their unique evaluation process, thought-out and designed for traders of all levels, has garnered positive FTMO reviews and ratings. FTMO is legit, and I assume they have a lot of very successful traders. If you're in the scaling plan, you get a new "initial balance" reflecting the "scale up". FTMO developed a unique Evaluation Process for traders, consisting of an FTMO Challenge and a Verification, specifically tailored to discover trading talents. 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! It makes me so mad. once you pass they give you the acct, and from then you grow the account and get paid from it You initially pay for a challenge account. 13,421 reviews on. 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? 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. Got to give it to FTMO. All clients must be over the age of 18. Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. Enhance your skills with Modern Prop Trading Firm. - To be with other like-minded forex traders. With FTMO, after 2 months of consistent trading you can have that capitol to trade with. Trying too hard and studying too hard has diminishing returns and is counterproductive. Who can join FTMO? Apart from the exceptions listed below, we accept clients globally, as depicted in the accompanying map. So this how the first FTMO payout went. Now they have removed US clients access to MetaTrader and are pushing DXtrade instead. Good afternoon Traders! I have successfully passed my $100K FTMO challenge. I tell people about Forex and they jump in right away with real money with no training and get mad when they lose money. Unfortunately, many are not quite right and many are misleading. I have just bought an FTMO challenge and I got my FTMO challenge login credentials from the clients panel. Now we can trade through high impact news and hold runners over the weekend if we want. It's a huge improvement for day traders at least. I’m not sure ftmo suits low time scale scalping. Just wondering how any funded traders on here deal with the news rule on FTMO, that a trade cannot be left or entered within 2 min either side of the news release? But somehow, super luckily, passed 1st Phase FTMO challenge on 2 50k accounts. It's interesting we got the same strategy, I'm totally open to collaboration and sharing ideas. FTMO's 70/30. •FTMO Swing Account: no longer need to close trades for the weekend and, once you've passed both the challenge and verification, if I recall correct they also dropped the requirement of minimum 10 trading days a month - i. The reviews and testimonials are all 100% organic. FTMO basically, made a two-step process to check out your trading performance. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. -Share FUNNY Trading The issue here is that you see all the 'success' stories and no failure stories. 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 FTMO Forex Trading Community was created with the following intentions: - To help new and professional traders learn and improve their forex trading skills as best as we can, - To help Traders know more about FTMO and how to get funded by them, - To help/guide new traders in passing the FTMO challenge and verification stage. No specific qualifications are required. You need solid trades and mostly wins if you don't want to risk losing the account (I have lost 1 account total). The real question is do YOU have a consistent and profitable method? That is the real question. No news rules, no weekend rules, smaller target, cheaper price. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. Any FTMO swing account trader here, does they allow news trading, in the about it says yes, but the clause says no. There are 4 different challenge accounts you can pay for: $10,000, $25,000, $50,000, and $100,000. Do my statements make sense? If yes, why would anyone not go for a swing account? Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. FTMO does have some downsides though the biggest being the news restrictions. You can achieve an equal amount of profit from just $10,000 account with own money, taking almost 40% floating DD ($4000), instead of <5% realized DD in FTMO. Just a heads up in case anyone was looking at doing the challenges. I wanted to ask you how your experiences with FTMO are and how big is the account you are trading with? Short story about me: I discovered trading about 2 years ago and burned a lot of money, I'm honest. which is more than enough to pay out the traders that do make money (90%+ loose) FTMO is a prop firm where you can get a funded account to trade. . Getting fucked on market orders hard. You have to be profitable to be able to make money on their Welcome to FXGears. FTMO recently blocked new and existing US clients from purchasing new challenges or trials. And still, I would be way more stressed out having a drawdown period on my personal account than on a FTMO account. Jan 10, 2024 · This week, a leading prop firm, FTMO suspended the purchase of new challenges for the US market. Damn thinking back I was smart af. 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. 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. I trade mostly by intuition and have no idea how to quantify the Strategy / turn intuition into a fixed set of rules. 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. They have raw interbank spreads on everything. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. You need to demonstrate your experience by sticking to Maximum Loss Rules while making the necessary simulated profits of 10% of initial balance. 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. 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. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. It's way quicker than building up your personal account from 150 to 10k. 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. This is my 3rd time with FTMO. Was surprised when the transfer hit my account wasn’t expecting it, but it’s legit. In the other note I believe in every single one y’all who are trying to make a change. I still think FTMO is a great short term idea. They've basically undercut FTMO in almost every aspect. But for the challenge, they're faced with the same problem as before. Another point to note is that trading with own money is always better and profitable in long term. 5-1. seems like you guys have not understood how ftmo works. It took well over a year before I was comfortable trading real money. Hello, good day everyone. The FTMO Challenge is the first step of Evaluation Process and educates you to master your trading habits. It sounds simple but please don’t underestimate it. On my FTMO account under credentials with the login ID and password it also says platform DXtrade. I personally trade with them, but you have a tight margin of error to work with. Nu weet ik dat de belastingen bij forex rond de 1-2% liggen, wat geldt bij handel van je eigen kapitaal. M1 is made for those looking to build their wealth using powerful automation and topflight rates. 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. FTMO is reputable. 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 M1 lets you earn, invest, spend, and borrow all on one financial platform. 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. Trust the process and don’t give up. For swing traders, it's a great improvement too once they actually get the funded account. I have 2 questions: 1- When have you received your account after passing the challenge? 2- When do I receive the refund for challenge & how do I receive it? Side note: I have tried 7 prop firms since last year. 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. 383K subscribers in the Forex community. In FTMO, the maximum daily drawdown limit allowed on a $100K account is 5% which is $5,000. Swing traders can go through a multi-month drawdown even with a profitable strategy, b 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. 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. 1%-0. While the prop firm still continues to accept clients from around the world, this change will impact many new prop traders in the US. My main instrument on FTMO is: I would think so in the sense that the tighter the spread the better right? Their spreads are just all tighter than FTMO. 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. Does FTMO check IP addresses in sanctioned countries through Meta Trader? if Yes, is VPN a solution for this issue? Sorry OP but that's a dumb question. In USA you have more possibilities. When I was very consistent the Russia Ukraine news popping up on my intraday setups(4H). 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 . 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. You have chances to achieve success both here or home. FTMO has already created more than 180,000+ FTMO Accounts. If you’re really determined then plan on trying out the challenge X number of times until you get the hang of it. once you're a full FTMO Trader, you can even go on an entire month without trading at all if unforeseen 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 That's true. Lots of learning and lots of YouTube videos. The leverage is only 1:30 instead of the usual 1:100 however it is easily compensated by trippling your lot size. 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. 8 - Win rate of 55-60%. 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 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 guess that's where personal preference comes in because I'm perfectly fine with risking 0. Aug 18, 2023 · FTMO has built a solid reputation in the world of proprietary trading. There was more luck than skill to it; my biggest problem is that I don’t have a Strategy of any kind yet. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. Took alot of shit from other people. But you never know what happens next and what is right decision. com's Reddit Forex Trading Community! Here you can converse about… Welcome to FXGears. Seeing a lot of videos lately of people passing FTMO challenges on Youtube. 74 votes, 117 comments. e. But americans economics go down while Russia's keeps level at least. If you are viewing this on the new Reddit layout, please take some time and look at our wiki (/r/step1/wiki) as it has a lot of valuable information regarding advice and approaches on taking Step 1, along with analytical statistics of study resources. IMO, MFF only beats FTMO with better evaluation requirements. 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. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. 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. Even on Gold I notice there spreads can get a little high. ytq aljhsy wbme qqq lytc ziv zqwy szce hcch ecazvzg