Free ftmo challenge reddit. It has a free trial that’s quite tough if you ask me.

Free ftmo challenge reddit Our trading challenges provide virtual funds ranging from $10k to $200k, allowing you to practice and learn in a risk-free environment. If you are a real profitable trader you shouldn’t have any problem following FTMO rules. Please dont get me wrong as I have a very limited knowledge about profits etc. 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. Good luck No. FTMO is legit, and I assume they have a lot of very successful traders. Most people tend to still take the initial capital before entering the trades (let's say 25. Sorry OP but that's a dumb question. Reason is my backtest showing some spikes above the limit few times per year just 1 or 2% above the limit but enough to bust the account with the prop firm So to them, it is a completely risk free business. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. Everyone goes through revenge trading at some point, I counter it by placing 1 trade per day at an absolute maximum (scaling into winning positions not included), win or lose, I place the trade and wait for the outcome, after that I go off and do whatever else for the rest of the day. 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. 1%-3% max but I think 0. Passing the challenge is easy with a bit of luck but 99% of those who pass the challenge can’t manage to keep the account for more than a month since they would break the rules because they simply don’t know how to trade. Keep trading sharp! 242 votes, 229 comments. Around 90% fail the challenge, and those who pass, around 90% lose their account in a short time. This includes unrealized losses. Don't panic towards the end of the challenge to meet the profit target by risking more. 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. com's Reddit Forex Trading Community! Here you can converse… 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 Please explain it like I’m five. No rush. I don't think you're going to deny that an 85% winrate with a 10:1 average RRR for a profit factor of 61 is unsustainable. After getting funded I ignored the trading plan and my psychology was in shambles. The majority of challenge takers are not aware of this and are risking only 1% to 2%. Just a curiousity of mine. If they pass, you pay. So, for example a common challenge is to do 8% in a month. Do the free trial and make sure you have a good strategy before you take the challenge. Here, you will have 30 days to trade. Remember, in the market, perfection is elusive. It has a free trial that’s quite tough if you ask me. After having the funded account you don’t have any monthly profit target. Very happy with myself and my progress, especially that I started trading less than a year ago. However, if you can do that, then you are in the game. 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… Nop, I never tried/paid the fees for the challenge after passing the free trial. 331K subscribers in the Forex community. i’ve been reading posts and comments about FTMO’s challenge of 10% for 30days is ridiculously high. 000) as their calculation-basis and call funding firms a scam because their account balance never went under 20k (25k -20%). After passing both phases, you start getting all the profit you make. Thats why Im asking if you had expierence with this. 600 Dollars (27k - 20%). As for risk management, a 1:3 risk-reward-ratio with just a 2% risk on solid trades was my golden rule. 36 votes, 52 comments. Another tip I would like to add is that you should take the free trial twice. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. MyForexFunds is a prop firm out of Canada with similar challenge parameters as FTMO. I feel the challenge is more of a puzzle. You have 30 days to make 10 percent and that is not easy. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the 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 passed the free trial and I’m currently on my retake for the 50k challenge 🤷🏾‍♂️ We offer a Free Trial account, which is an abridged version of an FTMO Challenge. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. If they fail, you are still out FTMO's challenge fee. I’m very curious about this phenomeno, never took an ftmo challenge, would like to hear your thoughts and experiences. The real question is do YOU have a consistent and profitable method? That is the real question. 22 votes, 24 comments. My question is if any of you guys who have passed the first… Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. Most importantly, have fun! Your trading journey is a marathon, not a sprint. On the paper, gaining 10% and 5% in 2 months in a row is tough job. You don’t get any of the profits from the challenge. You have the chance to explore our Evaluation Process on the FTMO Free Trial on three of our platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and DXtrade. All the best for you tho. You have mentioned you're profitable on your own and with a large sample size, so congratulations. Our Challenges simulate real-world trading conditions by utilizing a demo trading environment. Welcome to FXGears. Also I'm fairly sure FTMO gives you a demo account after you've passed the challenge, and then they copy the trade onto a real account so there may be 1 pip differences by the time an order is filled which in your case could be huge. Guys you have unlimited free tries while during the challenge to pass it if you don’t break the rules but don’t achieve the profit target 10%. This serves as a testament, however, of how badly designed the FTMO challenge is. 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. Why? It’s because that will give you a better idea on the FTMO challenge. You should do the free ftmo challenge, they give you 14 days to get 5%. Dont buy another challenge account until you are profitable I did that twice before I passed and while I learnt from it, I couldve saved 1400$. That's how they make their money, and it's one of the best business models out there. 5-1. 11 votes, 36 comments. You have to be profitable to be able to make money on their Posted by u/Fantastic-Drama9484 - 6 votes and 16 comments Thing is, if you can't trade successfully a 1k account, don't even try a prop firm. Check out my shared screenshots with FTMO challenge stats for a closer look at the journey to success. Today i finished my first phase of my 100k Challenge. - Each challenge was done separately, months between one and another. 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 If you make even a cent over the 10K capital, FTMO gives you a free retake. FTMO and other prop firms earn their money on people failing challenges. You need to buy the challenge and then pass both phases. You mean the system itself, margins, spreads, leverage, trading fees and other factors that can affect your trading and your profits, however it is good to try your strategy several times on demo and see how it work before you got into challenge. Assess your performances on the platforms that best suit your preferences and prepare for a new FTMO Challenge. They kept saying I had to wait till the 10 days are over and then i could reach the 10%. You will now lose the challenge if your account balance goes anywhere under 21. I passed FTMO demo in one day with very easy strategy, find good pair for swing trades and make . 8 - Win rate of 55-60%. The purpose of the Free Trial is to serve our new clients to see how it works and assess their trading skills to see if they have what it takes to pass an FTMO Challenge and Verification. true. I’m not saying its not hard. Rish management is key, and you should aim for minimum 1:3 RR and risking no more than 1% of your account. I did the challenge myself. Regarding account management, MyForexFunds put out some interesting statistics about their traders a couple of months ago. Worst case scenario I get a free new challenge. Hey guys. 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. bsg mfpoof bbdwox iof wbpksp wfcgfm lbbpjl zuih rgwc pokhgh