Ftmo 10k challenge rules reddit. 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. How many accounts can I have? We do not place any limit on the number of accounts you can have in the FTMO Challenge and Verification stage. Please explain it like I’m five. You can choose an account size of up to $200,000. If you're in the scaling plan, you get a new "initial balance" reflecting the "scale up". Max loss was supposed to be 20k. I know most may think i’m rushing but trust and remember i’ve been doing this about 3 years now and have stayed up countless nights watching video after video, back testing, journaling, the whole bang. In the Client Area, you can select your FTMO Challenge based on the Account Balance, Account Type, and trading currency of your FTMO account. Reply reply More replies 01 Explore the FTMO platform and unlock Free Trial bundle of Tools & Services; 02 Assess your trading skills without entry fee; 03 Gain insight into the FTMO Challenge and Verification; 04 Identify areas for improvement before undertaking the paid FTMO Challenge; Important Reminders: Last month, I passed the FTMO demo account and I said to myself that I am ready to do the challenge. My challenge ends tomorrow. It's your fault. As a scalper, I couldn’t imagine holding over the weekend, or even overnight. How about a Free Trial? We offer a Free Trial account, which is an abridged version of an FTMO Challenge. There are different types of drawdowns and we’ll cover everything in this article. FTMO Accounts can be increased to a maximum initial balance of $2,000,000! Please refer to the detailed summary table below for a comprehensive breakdown of our scaling plan requirements. Daily loss was 10k. I failed my first 5ers challenge with poor risk management because my strategy works for my personal accounts. Drawdown We can see it everywhere. I have to make this 500 back before I can even think about getting paid. Thus, it’s equity based. Has anyone ever encountered problems after passing the challenge, like breaking an imaginary rule and whatnot or any payout problems? Thanks! Become our next FTMO Trader and work with an initial balance of up to $200,000: https://ftmo. FTMO and My Forex Funds and the like, you will have to pay tax on unfortunately as you are offering a service to trade these accounts. Currently attempting my first ftmo challenge on the 10k account. The maximum permitted loss overall will be 10k plus any profit so in this case 11k. My win rate decreased because of the pressure. Start risking 0. - Each challenge was done separately, months between one and another. I would suggest anyone taking on these challenges is to take the 10k account and then use winnings to pay for the 200k account. -ftmo's business model is based on the failed challenge fees. I’m not saying its not hard. Use them, dude. 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. Let's say I took part in the $10K challenge, and met all requirements and have an ending balance of $12K, since I hit the target of $1K in 4 days. However, we have a maximum capital allocation limit when you are an FTMO Trader, which is $400,000 (prior to scaling) per trader or strategy, at any given time. Hi guys. 50 I'll allow a 100 pip move against me. Thepoint is your actual risk capital is NOT actually $100k but rather it is $10k with FTMO. . comInterview with our FTMO Trader Nikita: https://youtu. 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. This Evaluation Process consists of an FTMO Challenge and a Verification and is specifically tailored to discover trading talents. 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 So here I am, a fresh FTMO account sitting -490 (10k account) with another 500 to hit my max loss. My opinion would be go for it, but be disciplined and use it to fund your personal account to a good size account (10k, 25k, 100k, whatever you're comfortable with). Do the rules really matter? I failed my FTMO challenge today. If you have 10k in your account, you are allowed to lose almost 10k and if you make 10k then you have made 100%. As far as I know from reading the rules if you go over 5% loss on open positions it will close your account. I'm doing the 10k challenge and I'm only risking $75 per per trade. I can demo trade just fine, I passed 3 ftmo trials one after the other. No challenge is based on balance or you could start with 50k, have a trade open that’s negative like 20k, and when it goes to 55k you close it and win the challenge. Let's say some other trader in another part of the world also happens to trade the 5m EMA crossover strat and takes the same trade as you. Same thing happened with my first ftmo challenge, I was £700 in profit. be/_kKvG I traded the demo account on FTMO with 40k for 2 weeks and reached 20% and also passed all the rules, for me its time for a real challenge. Please dont get me wrong as I have a very limited knowledge about profits etc. Completed FTMO challenge in 3 days with $80k account. The Funded Trader, My Forex Funds, & Ment Funding. Welcome to FXGears. My daily hit 23k. It is clearly stated in the rules in their website. i’ve been reading posts and comments about FTMO’s challenge of 10% for 30days is ridiculously high. Technically can i have 2×10k accounts 1×25k accounts 1 . My mentor tells me this is great for a first challenge since mostly everyone fails there challenge way before the 30 day mark. Every analyst and financial news outlet is using […] Talented FTMO Traders who meet our Scaling Plan requirements are rewarded with a 25% increase in their FTMO Account balance and a bigger reward of 90%. A drawdown is a reduction in the equity value of an investment and an inevitable part of every trading system. I've profited 2k doing this. The 100k account is effectively a 10k account becuase your position size is for a 10k account and your profits are for a 10k account, and there's almost no point of getting funded at that point. If I'm right, I'm right, if I'm wrong, the position gets cut. While failing a challenge is bad, losing an account after passing a challenge is even worse! FTMO developed a unique 2-step Evaluation Process for traders. As long as you keep the challenge fee money aside, you can retake it again if you happen to lose it. I am so hyped and a post like this motivates me a lot. I have not violated any of the rules and have gained 5% over 4 days. Hit the like button for more powerful content on your timeline!I hope you enjoyed the videoDaytrading & Fitness Websitehttps://payhip. After the 30 days I was not able to get my account to break even. 5-1. I had 13k in drawdown and about 6k in losses. 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. 200k more to go. Yes, the bigger the account, the bigger the positions you can go with. 00 lot trade and that started the losing streak. Prior to that mess I was 800 shy of the goal. TFT has the 400k challenge from 1 buy, MFF is the cheapest, Ment Funding has its own rules with up to 2 million in direct challenge funding and only 1 phase to pass the challenge, max drawdown 5%, target 10% and you pass. I have been trading since 2020… Passed another ftmo challenge. I got 2 more weeks to pass the challenge or breakeven to get a renew challenge. 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? Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. And looking where price moves to. Getting an FTMO Challenge is your first step towards becoming an FTMO Trader. com/b/gUfIDGet up to $6 Apr 5, 2023 · FTMO actually has very relaxed rules for the challenge, but the rules change once you start trading a live account. Like I have had a few 100k demo accounts and always have turnt them to like 200k before they reset automatically . If you lose 3 trades which is 300 dollars in a row the strategy isn't working. After a while it seemed better to simplify everything and just look at plain simple price action, I. com's Reddit Forex Trading Community! Here you can converse about… 100K agressive challenge allow up to 10% DD and goal is to reach 10% profit the allowed 20K DD is considering the 10K profit already made Reply reply More replies I’ve passed a couple challenges and I hated them. But if I was to start On a 10k account they profits would be divided by 10 so a £400 trade would only really be £40 on a 10k account. I over traded and just went in complete denial over the fact that I had just lost a substantial amount. Awaiting real account. So I decided to try an ftmo 10k challenge. 8 - Win rate of 55-60%. Upon successful completion of the Evaluation Process, you are offered to trade on an FTMO Account with a balance of up to 200,000 USD. 5% per trade to see if you feel comfortable and get familiar with FTMO spreads and commissions. In the second challenge, I decreased my lot size 25% after the first phase. I felt cheated and disappointed. Let's say we have a broker offering 1:500 leverage. I prefer the short and sweet trades that bounce up quicker with say 8 lots Sep 8, 2024 · For instance, in the FTMO Challenge, if the trader opts for the account balance of $100,000, then going by the template mentioned above, the profit target is $10,000 for the FTMO Challenge and $5,000 for the Verification. Day 29 I was down 4%. So good trader = guaranteed funding from prop 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. What does this mean? I already got the message saying my daily loss has been breached and to email FTMO. But if you start with 50k and get to 60k on a trade which then goes down to 52k you would not violate the terms as you’re not below the initial amount. You enrolled in the challenge without reading them. You only need to earn 2. I explained my case, and even took the so called loss which did not equal what I was supposed to be losing. I quickly learned that wasn't the case with a prop firms 5% daily DD. For example, you can trade news events in the challenge phase, but you must not trade within 2 minutes of news releases on a live account. I have tried the FTMO challenge a few days and got a very bad and unfair experience. Theoretically you could complete the entire challenge in a couple of days if you are good enough or get extremely lucky. This time around I got another 10k challenge but exceeded my max loss and daily loss and still was allowed to move on to phase 2. Now my trader psychology is going off. The FTMO Challenge is the first step of Evaluation Process and educates you to master your trading habits. Took the same strategy I use for my personal account but lowered the risk per trade to a fair profit and loss point, i let my winners runn and move SL to BE more often than not. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. $100k is equivalent to trading with $3500 worth of REAL capital because $5000 is the max limit for loss, and you gotta take 70% of your cut which boils down to $3500. Forex, Crypto, Stocks, etc. 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. 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 😂😂😂) 🤦🏾♂️ Even though it’s called a swing account, FTMO isn’t well suited for swing trading. 51 votes, 84 comments. I learned a lot in the past months, backtested a lot every fucking day mate. e impulse, corrective, impulsive etc. $10k (of 100k) actual usable capital is also not wrong. I took a 2. So, in order to keep the live accounts, I decreased my lot size by 50% from the phase 1 challenge level. In prop firms if you are allowed to lose 10% and have to make 10% which is same as doubling your account in 30 calender days. Today I wanted to start the 10k funded challenge but didn’t bc in the terms and agreements, there are rules about Demo trading styles affecting whether or not you’ll pass the challenge - has anyone been rejected/denied to being funded even though they passed the FTMO challenge and verification? Thanks in advance It sounds like you're not using stops. Is it possible to still fail the verification stage if you don't violate any of the trading objectives? Let's say you trade a tripple EMA crossover strat on the 5m. 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. Verification done in 1 day. I have a swing account because big news days are my best days, and I focus on smaller profits so 1:30 is sufficient. With $10k that would give you $5M in buying power which is still more than I enough to risk that same amount of money with essentially the same amount of risk capital. Find something that works atleast 50% win rate and do not ever break rules. I’m very curious about this phenomeno, never took an ftmo challenge, would like to hear your thoughts and experiences. Hey since the max allocation is 400k for FTMO. Do you have a money Management strategy and Trading psychology rules? why 10k account and not 100k? Tips: test your strategy on the 14days FTMO demo trial and see if works first, so you don't waste money on challenges. Currently undergoing the FTMO 10k Challenge phase 1 and safe to say I'm still in it. Recently I started to try out Prop firms and went with FTMO I tried a 10k challenge and passed and made it to a small payout. ps. Now I'm trading the 15k AUD challenge and currently at negative side -50%. The issue here is that you see all the 'success' stories and no failure stories. If you reach your 10% you have reached your goal and move to the next challenge. I'm going to take part in the FTMO challenge soon but I'm not sure if FTMO lets you keep your profits during the challenge and verification stage. It's hard as I started ftmo challenge and my Forex funds challenge and in 1 week I passed ftmo. Just a curiousity of mine. The following week I did really bad in my Forex funds challenge as I didn't adhere to the rules. 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. I am planning to get the $100K challenge but I kinda want to hear any recent good and bad feedback from actual passers. Once I turned 10k demo to 11k gaining 10% I bought the challenge. 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. I'm definitely no expert and have only just passed the FTMO challenge after a year of studying and messing around. Don't wanna get too overwhelmed, still getting used to even using the bigger lots for the 10k account! Really really exciting isn't it, even just the idea of being funded for trading is amazing. 326K subscribers in the Forex community. 210k down. Same with the 5% on the 2nd challenge. If I get in . Every trader experiences them. You need to demonstrate your experience by sticking to Maximum Loss Rules while making the necessary simulated profits of 10% of initial balance. wow congratulations! I'm starting with the 10k and once I pass this challenge and verification I'm gonna go for the 50 or 100. 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 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. 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. Thanks heaps. I say no. The challenge is particularly difficult for swing traders. I got upset that I closed the trade too early because I would have passed my ftmo challenge in that trade. I am confident I will pass the challenge stage but I am a bit in the dark on the verification stage. Overall, I was still roughly 7% in profit. I plan on taking the challenge but it's definitely not as great as I thought it was. The 2 major drawdown periods are plain and simply my fault. 5%+ per month to scale up the accounts every 4 months with ftmo (maybe other firms also). I passed the challenge this is my first 9 days with real money, Countless YouTube videos, Udemy courses, Google searches. kyzyvvrwubzzcepubwzciqykbwzmtuiwzditejpjzwqp
