Best ftmo reddit. Looking for a new prop firm after MFF has been dumped.

Best ftmo reddit However, account grows much quicker than FTMO, so still better than FTMO purely on the weight of account growth FTMO is legit but definitely avoid non reputable too good to be true prop firms and look at the broker they use too…that doesn’t mean I haven’t ‘wasted’ literally thousands upon thousands on challenges with ftmo. 8 days of trading, 259 trades, Profit factore 2. Ftmo is a scam 18 votes, 49 comments. Reply reply Just curious how it works. Trading is hard. FTMO has a dashboard that lists the times that the news will be released. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. No funky gimmicks. 1% with FTMO and +4. seems like you guys have not understood how ftmo works. Posted by u/[Deleted Account] - 2 votes and 18 comments FTMO without second thought. If you pass it, you get funded. 1:50 leverage is fine and plenty for most people. 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. 1%-3% max but I think 0. M1 is made for those looking to build their wealth using powerful automation and topflight rates. I understand that even as a trader for them you still have a demo account and they use their best judgment to copy… 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. I’ve tried FTMO and Trader2B, and can confirm that the culmination of experience day trading will help you be successful in passing these. FTMO has been in business reliably for over 8 years as a prop and longer as a broker I believe. Reply reply Choosing the best prop trading firm ultimately depends on individual trading goal, preferences, and experience level. 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. 9 pips away, also had the same trade on FTMO that did not get stopped and went on to take profit. It's interesting we got the same strategy, I'm totally open to collaboration and sharing ideas. You have to be profitable to be able to make money on their Posted by u/amanmaverick - 6 votes and 17 comments The issue here is that you see all the 'success' stories and no failure stories. 46 :D Soooo happy 22 votes, 24 comments. by number of daily average revenue trades. FTMO all the way for forex. Reply reply Sorry OP but that's a dumb question. If I was trading a 2M account, I'd be up $360,000. 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. Now, my hypotesis are 3: They are really professional traders (very unlikel, maybe 1 out of 1000). Yes people lose their account mostly by not putting any stop loss in place. In case the situation develops differently, everyone will be informed accordingly. news announcement would carry certain rules around trading the event. It is crucial to conduct research and evaluation of different firms to ensure the best fit. I should add I have also passed a few times too with them. The potential for account growth is however capped which is a huge negative for me. Not only are they on top of their shit, but they have endless amounts of testimonies and videos on YouTube of traders strategies with their payout info. Do not be tricked by fly-by-night firms offering cheap thrills. Mar 4, 2024 · Can FTMO be trusted? FTMO is a popular prop company. Was surprised when the transfer hit my account wasn’t expecting it, but it’s legit. With that said, if I could open say an FX account in Australia, I'd say 1:200 (up to 1:400 is allowed in Australia) would be a good all-around leverage amount to have but not necessarily use. Tip 1 - On your phone or computer you should add another clock time to match FTMO's local time. It is often best known for its trader workstation, API's, and low margins. Like the market owes me right. I just wanted to know if FTMO is still worth it. professionalism ,longevity of FTMO. there are 50 prop firms operating as of now , but no firm can match track record . I’ve hopefully learnt something from all the pain however. This is why I recently have been focused Posted by u/jondoe9x - 7 votes and 23 comments 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 With FTMO I’m fairly certain there are restrictions on certain news evens across relative pairs. . In the other note I believe in every single one y’all who are trying to make a change. Looking for a new prop firm after MFF has been dumped. Based on user reviews, ftmo, the5ers and tft are popular firms. Thank you for the feedback I will definitely have a look at his YouTube channel and I do already know some of the basics on supply and demand , I have been watching another channel called Dave teaches and although his videos are long his strategy he uses look so simple and he trades with supply and demand as well as mitigation and imbalance on the 1m and 15m and from what I have seen from his Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. 34 votes, 61 comments. true. The real question is do YOU have a consistent and profitable method? That is the real question. Meanwhile there are also negative FTMO reviews on Reddit, pointing out the challenging rules regarding drawdown, which limits the flexibility in implementing some strategies. The current situation is not impacting payouts or other services that we provide to our existing clients. 20 votes, 56 comments. 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 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. We are currently recommending and standing by FTMO. I just completed my 4th payout with FTMO today and never failed their challenges. Glad to hear from a fellow trader. It sounds simple but please don’t underestimate it. I think most of it comes to revenge trading and options instead of a stable cash account like FTMO where I don’t have theta or PDT. 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! 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. In Europe, max leverage is 1:30 and in Japan it's 1:25, so 1:50 isn't bad at all. FTMO does have some downsides though the biggest being the news restrictions. I also got some reason leaning towards ftmo just a bit of a feeling but not liking it as double the price and a bit more restricting. Idk if you guys have read the actual lawsuit. 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. The problem was that mff was the their own "liquidity provider" so they manipulated the slippage and messed around with where and when the trades get executed. Folks just need to spend more time studying and WAIT UNTIL THEY ARE REALLY READY instead of chasing funded accounts too soon. Got to give it to FTMO. Tip 2 - Create reminder notifications for the upcoming week of all high impact news just in case. Any advice? M1 lets you earn, invest, spend, and borrow all on one financial platform. They offer a free retry if in profit and 14 day extension if above 5% profit on phase 1. Most people only lose the challenge because of too much risk and therefore the mindset takes a hit. Best spreads - especially for NAS and GJ and GER40. which is more than enough to pay out the traders that do make money (90%+ loose) I backtest a lot on TradingView, and also analyse on TradingView before looking to take a trade on MT5. And there are props that deal live money accounts on A-book brokers, with no equity-based drawdow, and no maximum time The Reddit Law School Admissions Forum. Very happy with myself and my progress, especially that I started trading less than a year ago. Doing well maxed my funding on FTMO, I see that as a bank now lmao, currently doing the prop firm challenge and using a trade copier to mirror my entries onto my ftmo accounts, and US30 only I made the switch to this around 6 months ago if you are good enough to pass these challenges and get a payout you really don't need to use one of these companies. I want to start the 10k FTMO challange but i am scared of the Max Daily Loss what would be the best lot size that i can use to… No what I meant, is for example when you first start trading they'll pay you from the money they make from evaluation fees and if you are a profitable trader then they'll start copying your trades so my question was how much* money realistically before FTMO starts copying the trades and giving you money from the profits of the trades they made Posted by u/Secure-View-7348 - 5 votes and 20 comments The spreads with FTMO are insanely small and no regulated US brokers come close to them. 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. so let me clear things up: your trades never get placed in a real market. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. 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. There are other good ones out there but FTMO is legit and at the top for a reason, most likely to stay in business. -ftmo's business model is based on the failed challenge fees. Let's say I make 1. We don't have the greatest choices here stateside compared to those living in Europe. The best prop firm really depends on your specific needs as a trader. Same here. 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. I have come along way! Please share your experience with trading or even FTMO :). - To be with other like-minded forex traders. -Share FUNNY Trading FTMO is my favourite because they have the best spreads execution and track record of being a legit prop firm company. Some people like to go with more trusted options. I say that because they have great customer service, cheaper prices than FTMO, great community and the owner engages with the the traders and does give a ways and discounts very often. Take your time, bad losing streaks happen to everybody. Similar trade on FTMO did not slip, another trade I got stopped out when the price was 0. S. I’ve been trading for about 2 years and have yet to make a consistent profit. Do my statements make sense? If yes, why would anyone not go for a swing account? MyFundedFX might not be the best place to go. Looking into MFF and E8 now too! Reply reply Please leave your thoughts in the comments. So obviously, there’s something wrong with the strategy. Ftmo support answer: We plan to honour all our commitments to our clients. Jun 27, 2024 · So, if you wonder, “Can FTMO be trusted?” the answer is yes, according to Reddit users. Since FTMO is now gone and that’s what I was planning to use, which other prop firm(USA) is legit? I know how they work and I… Very beautiful effort by you. FTMO's 70/30. 3 pips on USDJPY, no rollover no news, London session. So this how the first FTMO payout went. If you’re really determined then plan on trying out the challenge X number of times until you get the hang of it. 9 pip spread on Tokyo session is unacceptable, I get 0. Traders have shared their decent experiences with the prop trading firm. 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 . Its profit split structure starts at 80% and transitions to 100% profits quicker than Bootcamp, and the additional monthly salary is a unique incentive. For example, a U. The best prop firm besides FTMO AID The Funded Trader In my option. The best place on Reddit for admissions advice. FTMO is awesome. FTMO is double the price and slightly harder but I should be able to pass that as-well just wondering if any of you guys use any or both prop firms and what you would recommend. with FTMO you can get a practise account and test fills , spreads for 14 days. I dont have any time limits, just need to make 10% no matter its in a few days, or few weeks/months. as long as you don't resort to shady practises and align your trading style with them , you are good to go. Post any questions you have, there are lots of redditors with admissions knowledge waiting to help. Check out the sidebar for intro guides. 5% with the 5%ers, all due to the spreads. No "silly discounts". Users appreciate FTMO’s clear rules and reliable payouts. I also was funded once but I haven't traded since last year. 5k 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 company brokers stocks, options, futures, EFPs, futures options, forex, bonds, and funds. FTMO & MFF Funded certificates Doing new ones this year follow my journey! u/wannabechampfx ADMIN MOD • The Secret to Passing ANY Funded Challenges using this 3 Step Strategy, sharing the strategy breakdown, the psychology and the thought process when doing a funded challenge. FTMO basically, made a two-step process to check out your trading performance. 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. Here are my findings: WHAT I like about FTMO? 😀 For new traders, FTMO is a good place to start. Customer Service SUPER fast and responsive. Thats why i bought a challenge on the funded trader recently. 0. No, not at all. If you watch some ftmo interviews on YouTube you will easily notice how little experienced are some of the guests. They have a long history in the industry, proven consistent payouts, and upstanding customer service. Trust the process and don’t give up. In this review, we will explain what you need to know about its safety and regulation before opening an account. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. It operates the largest electronic trading platform in the U. The leverage is only 1:30 instead of the usual 1:100 however it is easily compensated by trippling your lot size. 5% monthly, if I was trading a personal 50K account, I'd be up $9000 EOY. I got slipped 4. Nov 22, 2024 · The FTMO Reddit reviews are also generally positive. They've been around the longest, have the most experience, and it shows. I have traded at FTMO Trial failed one but passed twice. 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 13 votes, 19 comments. Feb 16, 2021 · Have you been wondering about which the better forex prop firm is, FTMO and the 5%ers? This review details an excellent comparison over the features, strengths, and weaknesses of each, and ultimately which type of traders would be suited for either based on these findings. The true advantage about FTMO is that when you passed the test, you get the refund so it didnt cost you at the end. When analyzing my trading style FTMO seemed like it was the best fit for me hence why I trade with them now. 2 on FTMO. However, continuing to give FTMO 10% of my profits and more importantly the data they collect over time with all my trades is reason enough for me to move on. Obviously ftmo is the next biggest competitor. The problem isn't prop firms or regulations. They put out a statement on Twitter about 2 hours ago stating that they would no longer be accepting new customers from Canada. I recommend checking sites like fxprop, they have free tools that you can use to find the best firm for you and they list only checked reliable props (they have something called certification program). Yeah im feeling stressed when there are time limits. 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. FTMO is legit, and I assume they have a lot of very successful traders. Anyway, I linked the two accounts to my trade copier, and the exact same trades have resulted in +4. I still think FTMO is a great short term idea. 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. Additionally, you need close any open positions on the pair it'll effect . gwtvo moseas pwysm dlla dsvpd lqwia jsomnl wnwah mbot uvqui