Ftmo 10k challenge rules reddit. There are others like TopStepFX and Fivers.

Ftmo 10k challenge rules reddit Is it possible to still fail the verification stage if you don't violate any of the trading objectives? 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. My win rate decreased because of the pressure. 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. com is a platform that provides traders with the opportunity to trade with real money and potentially join their trading team. The daily dd ain’t even bad you should not even be going 5% deep on a trade anyways with proper risk management. Should I go for it na ba? The only hesistation for me in mind is yung money na idedeposit ko for the real challenge lol. Now my trader psychology is going off. So I decided to try an ftmo 10k challenge. They are all the same with different rules, just whatever suits you best. Can you share your experience? Withdrawal process with diff payout 11 votes, 36 comments. I am confident I will pass the challenge stage but I am a bit in the dark on the verification stage. The FTMO 10k challenge has a daily maximum loss of 5% and an overall maximum loss of 10%. I am very risk averse so 2% per trade is high for me. If you had 10K to trade, you are better off trading your own account. 5 lots, depending on my confidence in that particular trade. 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. In both the challenge stage, verification stage and funded stage you have a $10K daily loss limit and a $20k total loss limit so the only amount they are "funding" is the loss limit. 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. I feel I was lucky with the first phase 1 challenge, but the second phase 1 challenge took 23 trading days. My question is if any of you guys who have passed the first… 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. 8 - Win rate of 55-60%. Like I have had a few 100k demo accounts and always have turnt them to like 200k before they reset automatically . If you’re really determined then plan on trying out the challenge X number of times until you get the hang of it. Start risking 0. A Forex Funding Challenge is an industry wide established term used to describe a component of the Funding Program where traders must complete specific trading tasks and meet certain performance metrics to qualify for a virtual funded account – the FTMO Account. The FTMO Challenge stage has reasonable rules, where the Profit Target is in balance with the drawdown we allow you to take. 242 votes, 229 comments. 20 - 0. I've profited 2k doing this. After a while it seemed better to simplify everything and just look at plain simple price action, I. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. 22 votes, 24 comments. 200k more to go. If you’re profitable you can pay 150 for a 10k challenge and start making more money than you were going to make trying to grow 150. So good trader = guaranteed funding from prop I have been trading futures and doing succesfully at prop challenges but i have been looking at forex lately also. I'm doing the 10k challenge and I'm only risking $75 per per trade. I feel the challenge is more of a puzzle. The challenge is particularly difficult for swing traders. 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? 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. 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. I have been trading a 40,000€ demo account at FTMO for the last two weeks (see screnshots) to see if I can put what I have learned into practice, i also made some I have already paid the 10k challenge and not 50k (I previously paid a 50k challenge on which I was stopped while in gains for a matter of flotting daily loss pnl that I still dispute but that's not the issue now, I got stolen and that's why I'm doing this public assessment. Getting an FTMO Challenge is your first step towards becoming an FTMO Trader. Even though it’s called a swing account, FTMO isn’t well suited for swing trading. It was then, armed with confidence and dedication, that I took on the ultimate challenge. - Each challenge was done separately, months between one and another. What a mess, fomo, revenge trading, up and down all day. If we go to the minimal FTMO challenge that is marketed as a "$10K" account the daily loss limit is $500 and total loss limit is $1,000 and the fee they charge is There are others like TopStepFX and Fivers. I have not violated any of the rules and have gained 5% over 4 days. We call these rules Trading Objectives. I'm half way. In prop firms if you are allowed to lose 10% and have to make 10% which is same as doubling your account in 30 calender days. I'm still up 5% in 3 days. Use them, dude. Our Challenges simulate real-world trading conditions by utilizing a demo trading environment. 100K agressive challenge allow up to 10% DD and goal is to reach 10% profit the allowed 20K DD is considering the 10K profit already made Reply reply More replies Recently I started to try out Prop firms and went with FTMO I tried a 10k challenge and passed and made it to a small payout. e impulse, corrective, impulsive etc. I had 13k in drawdown and about 6k in losses. Essentially, the challenge is free if you succeed. In the real world thats 500$. The Verification stage has easier Trading Objectives compared to the FTMO Challenge stage as the Profit Target is reduced by half, and just like in the first step, you have an unlimited amount of time to pass. Having an affiliate program doesn’t make a company a pyramid scheme 🤣🤣 8% of the challenge fee for a 100k account is about €45, whereas earning 1% gain on a 100k account with FTMO would earn you $700. Hey guys. I explained my case, and even took the so called loss which did not equal what I was supposed to be losing. But it is good for good traders with 0 capital (minus the $400-$600 you might have to pay 1-4+ times). I felt cheated and disappointed. 2nd day exceeded my max daily loss of 500€ besides I had 862 from the 1st daydoes this rule make sense? PS: this is just a trial, just testing some strategy, but one thing I already learned, use small lot sizes and never more than 50% of your margin, otherwise you will fail sooner or later. In the case of FTMO, you would have passed the challenge the first month and gained 10% the second month on $100k, which would be $10k, then take home $7000 from your 70%. 331K subscribers in the Forex community. Technically can i have 2×10k accounts 1×25k accounts 1 Sorry for my English… I have make challenge 3 times already, 2 times failed at verification, 1 time lost prop account. . Welcome to MarketScreen – Navigating the Financial Markets Together! 📈 MarketScreen is your go-to subreddit for discussing everything related to stocks, trading, and investment strategies. In the Client Area, you can select your FTMO Challenge based on the Account Balance, Account Type, and trading currency of your FTMO account. 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). 5-1. -ftmo's business model is based on the failed challenge fees. Today i finished my first phase of my 100k Challenge. Welcome to FXGears. Prior to that mess I was 800 shy of the goal. 50 I'll allow a 100 pip move against me. 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. There must be something more to successfully ride the bit bigger prop account of course with all the pre phases… I think so, but not all of them, people say why wouldn't they do it themselves, lest they forget max amount you can have is 400k on ftmo for example, so if he can consistently make profit on his/her own, they can do it on other accounts, and if they manage it after the challenge, take a % of what they make on the account, if they lose the challenge, they may only refund the service fee or Posted by u/melihanaz1 - 3 votes and 2 comments Before that I was set on the idea of saving up 10k and just working like a dog to put extra savings to the side so I can open a live account; but when I found out I don't have to go into an office space and do an interview at a physical location where I'd have to show my "experience" it was a complete game changer knowing this lvl of So 1st day got 862€ profit. Then go and buy a bigger challenge if you pass and continue to grow FTMO. Do you calculate your 1% risk on the 10k or on 10k x 100 leverage? Countless YouTube videos, Udemy courses, Google searches. My challenge ends tomorrow. Now I'm trading the 15k AUD challenge and currently at negative side -50%. I learned a lot in the past months, backtested a lot every fucking day mate. I prefer the short and sweet trades that bounce up quicker with say 8 lots Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. After 34 trades I'm still slightly in profit for today. Adhere to the rules and practice safe trading. Last month, I passed the FTMO demo account and I said to myself that I am ready to do the challenge. 28. Entry cost: $495, refunded upon passing. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the 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. You never get fundet with Real money, you always papertrade. Would you realistically deposit 10k? or would you start small. What does this mean? I already got the message saying my daily loss has been breached and to email FTMO. Daily loss was 10k. Both verifications took me more than 30 calendar days I believe slow and steady is the way to go with ftmo. Yes, the bigger the account, the bigger the positions you can go with. Nov 9, 2024 · What are the rules for FTMO’s Evaluation? FTMO’s Evaluation rules refer to the set of trading objectives traders must follow during the FTMO Challenge and Verification phases to prove they can manage risk and trade profitably. 0. You can choose an account size of up to $200,000. Challenge: Two-step program requiring 8% profit in step 1 and 5% profit in step 2, with max loss of 10% and max daily loss of 5%. Example: Max drawdown is 10%, you start a 100K account so you can only lose 10K total or you fail. Here’s a breakdown of what the 10K Challenge entails: Phase 1 — Challenge: The first phase requires you to hit a 10% profit target within 30 days. One week goes by and you've lost 8K and have made $0 profit. 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. Long story short, I want to aim for a €40,000 challenge next year and wanted to ask you what your experiences are with FTMO and what you can possibly give me tips along the way. Once I turned 10k demo to 11k gaining 10% I bought the challenge. 1%-3% max but I think 0. Hey since the max allocation is 400k for FTMO. $10k (of 100k) actual usable capital is also not wrong. Do you have a money Management strategy and Trading psychology rules? why 10k account and not 100k? Tips: test your strategy on the 14days FTMO demo trial and see if works first, so you don't waste money on challenges. 5lot on 500$ is quite alot of risk. Currently attempting my first ftmo challenge on the 10k account. 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 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. As a scalper, I couldn’t imagine holding over the weekend, or even overnight. true. 210k down. I would suggest anyone taking on these challenges is to take the 10k account and then use winnings to pay for the 200k account. And looking where price moves to. My question is when you do A prop challenge lets say beginner 10k with 100 to 1 leverage. Do the rules really matter? 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. Even if you made 200 pips, what is your Stop Loss, are you taking big risk or very strict risk There are just small questions to ask to avoid losing all 10k. My daily hit 23k. These results are still good imo. 17, giving me an average RRR of 1. 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 Hey friends, just looking into the FTMO challenge, this might be a dumb af question, but do they give you the 10k to trade with? Or maybe they just make you trade in a paper trading sandbox? Or do you fund it yourself? Thanks in advance! I agree. Just some notes you have 5%Drawdown of 10k. I’m very curious about this phenomeno, never took an ftmo challenge, would like to hear your thoughts and experiences. After your first payout with FTMO you basically are playing with house money. 5% per trade to see if you feel comfortable and get familiar with FTMO spreads and commissions. If you go for the 5k and lose $40 it’s no biggie considering the opportunity. Right now, every time I take a trade, my lot size is only 0. It's hard as I started ftmo challenge and my Forex funds challenge and in 1 week I passed ftmo. Trading 2 1/2 year u got any tips for on trading indicies (nas,us30,Spx) during nyse open at 6:30 I’m trying to focus on that with my next ftmo challenge (I’ve failed 5 100k acc 😂😂😂) 🤦🏾‍♂️ I’d say get a cheap funded with myfundedfx or the5ers. I'm planning to get 100k usd funded account since yun ung talagang pinractice ko. Spend like 40-60$ and get a 5-10k challenge. I'm no where close to failing this challenge. Find something that works atleast 50% win rate and do not ever break rules. Armed with a newfound appreciation for price action and essential trading tools, I committed to my chosen path. I'm definitely no expert and have only just passed the FTMO challenge after a year of studying and messing around. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. Hello! I already passed ftmo demo trial for 14 days for 3 times already. Understanding the FTMO 10K Challenge. Passed another ftmo challenge. Thanks heaps. com's Reddit Forex Trading Community! Here you can converse… If you're in the scaling plan, you get a new "initial balance" reflecting the "scale up". Despite taking 26 trades, my equity is $9,995. If I'm right, I'm right, if I'm wrong, the position gets cut. The advantage of FTMO is being to take a small stake (540 Euros) and turning into a $10000 account that can be leveraged up to $100000. However, before you can do that, you need to pass their challenge. I am so hyped and a post like this motivates me a lot. The following week I did really bad in my Forex funds challenge as I didn't adhere to the rules. Reply reply More replies Max loss was supposed to be 20k. I’ve tried FTMO and Trader2B, and can confirm that the culmination of experience day trading will help you be successful in passing these. As long as you keep the challenge fee money aside, you can retake it again if you happen to lose it. Breaking rules etc etc. So in this case, it just makes more sense to go the FTMO route. Our trading challenges provide virtual funds ranging from $10k to $200k, allowing you to practice and learn in a risk-free environment. I have to make this 500 back before I can even think about getting paid. I love practicing with these challenges. If you lose 3 trades which is 300 dollars in a row the strategy isn't working. There is no time limit within which you need to pass the Profit Target, the Trading Period is indefinite. Sometimes we have bad days but one good thing I never did was increase the lot size. If you have 10k in your account, you are allowed to lose almost 10k and if you make 10k then you have made 100%. The 2 main rules that I hear traders mess up on the most: *Floating* Maximum drawdown - FTMO not only counts closed positions into the drawdown rule but also open positions. The challenge consists of trading with a virtual account for 10 days, with a specific set of rules and conditions. 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. It sounds like you're not using stops. There are others like TopStepFX and Fivers. This offers more room for loss compared to the other options, but has a higher entry barrier due to the multi-step process. 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. I have tried the FTMO challenge a few days and got a very bad and unfair experience. The majority of challenge takers are not aware of this and are risking only 1% to 2%. Months of rigorous backtesting, adherence to my rules, and meticulous risk management finally paved the way for consistency. 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. I got 2 more weeks to pass the challenge or breakeven to get a renew challenge. I have a swing account because big news days are my best days, and I focus on smaller profits so 1:30 is sufficient. Honestly for me its not worth all the rules they have, I’d rather just use my $7k+. So here I am, a fresh FTMO account sitting -490 (10k account) with another 500 to hit my max loss. 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. If I get in . Overall, I was still roughly 7% in profit. vghkhqd ophotke nen ykvlp jlkgzf clna hngqqs vbufu agjjo inmjhu