Price list ftmo reddit. 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. 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. I backtest a lot on TradingView, and also analyse on TradingView before looking to take a trade on MT5. It's largely predicated on cultivating your experience properly, price action is extremely important and certain indicators compliment them well. When you become an FTMO Trader, we already know that we can trust your trading skills and abilities to manage risk properly and therefore, we will provide you with top-rated trading conditions in the industry. Now we can trade through high impact news and hold runners over the weekend if we want. The main thing is experience though, that's generated through trading. 0. You must have an active $400K demo FTMO Account (Merged from two $200K demo FTMO Accounts or a single $400K demo FTMO Account) Profitability Active participation with the Prime Status for 3 months with at least 3 rewards and 4% profitability per reward. Jul 31, 2024 · In a nutshell: FTMO is an exciting top-notch proprietary trading firm loved by thousands of seasoned traders. FTMO companies do not act as a broker and do not accept any deposits. 00150. Start trading with up to $200,000 on a demo FTMO Account. 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. Trusted modern prop trading firm. I am so hyped and a post like this motivates me a lot. 0 rating. Just received this email from FTMO. FTMO does have some downsides though the biggest being the news restrictions. Very happy with myself and my progress, especially that I started trading less than a year ago. Ive had a load of questions over the past few weeks from people asking me advice and general pointers on what to do after posting my FTMO challenge results. So can only lose 2000, you open a trade, price goes in your favor, you are 500 profitable, price reverses, hits your stoploss and you break even. It's a huge improvement for day traders at least. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. Go back to the chart and press F8. There are 4 different challenge accounts you can pay for: $10,000, $25,000, $50,000, and $100,000. It paid over $130M to its prop traders per data published on its website. That 'potential' profit you could have had is now used against you, meaning the maximum amount you can lose on the account decreases. This will be my 8th year in the game, I still take losses obviously, you just need to plan how to handle these losses - Damage control can be done by hedging and knowing how to react at important volatile prices areas where you would expect a bounce, think moving averages or psychological price points. I've done tons of comparisons. Not saying it can't be done, but as Mark douglas said, those news releases get manipulated anyways. 2 on FTMO. seems like you guys have not understood how ftmo works. 8 - Win rate of 55-60%. I have come along way! Please share your experience with trading or even FTMO :) 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. . Prices start at €155 and can reach up to €1080, varying according to the initial trading capital provided for each challenge. com, a trading forum run by professional traders. 1. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local laws or regulations. When analyzing my trading style FTMO seemed like it was the best fit for me hence why I trade with them now. This is because TradingView sources its price data from various exchanges and data providers, whileFTMO's MT5 platform sources its data directly from its liquidity providers. •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. Unless you plan on opening more that 15-20 lots at a time the 30:1 is great. See full list on livingfromtrading. 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. They don’t use EightCap like many do, and systems have always been stable in terms of execution speeds, slippage etc. 9 pip spread on Tokyo session is unacceptable, I get 0. 9 out of 5. FTMO is a prop firm, you can pay a fee to be evaluated to earn capital (10,000 up to 100,000). 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… Posted by u/Prestigious-Key-560 - 27 votes and 30 comments Bro it’s wild. Prices are relatively higher than other firms but Time limit is only con bro. Welcome to FXGears. It is evident, the price change is very small and for that Popular options include the FTMO Calander, Forex Factory, Myfxbook, and TradingView. 3 pips on USDJPY, no rollover no news, London session. Traders must hit a profit target set by FTMO, which varies based on Tradingview is just an aggregate source of prices from data brokers. This serves as a testament, however, of how badly designed the FTMO challenge is. FTMO Challenge: This initial stage tests a trader’s skills and discipline to meet specific goals. Generally, you can multiply the price change value times 10 000 to get the pip value. FTMO ranks highly on Trustpilot based on 5,000+ reviews, with a 4. This FTMO review guides you through the FTMO Challenge, including the signup process, member dashboard and trading platforms. Press ctrl+m in MT5 and rightclick on the table. You only need to pass 8% in the first round and 5% in the 2nd to get funded and drawdown is 12%. FTMO developed a 2-step Evaluation Process to find trading talents. So for example if you have 150$ and grow it yourself and use your profit to increase your gain for the next round, almost the same profit would be FTMO is legit and has been around for a while. A Pip is a unit in price change commonly used in Forex. 5-1. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. It's a crapshoot and a good way to get exposed to slippage or blow a prop firm account that restricts a lot of those events anyways. For your question: CFD or Future price are the same as the spot price cause they are build upon that. I've researched and found these to rank like this, FTMO The 5%ers Fidelcrest TopStep Funded Next SurgeTrader Tell me if you… When analyzing my trading style FTMO seemed like it was the best fit for me hence why I trade with them now. But for the challenge, they're faced with the same problem as before. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. I trade pure price action, and all the full time traders I know don't trade fundamentals either. com's Reddit Forex Trading Community! Here you can converse about… FTMO Swing account type. Edit: this is my first 9 days with real money after passing the FTMO challenge / verification steps. once you're a full FTMO Trader, you can even go on an entire month without trading at all if unforeseen 19 votes, 108 comments. Fundamentals are too, but not as much as price action in my important but they can add confluence to a certain trading idea. Price tags on simple things, like gas, no longer concern you. Similarly binary trading is also banned as it involves betting on the outcome of the price movement of a pair in a specific period . I’ve seen absolutely shocking things from ftmo in terms of where my Order is executed compared to where the price actually is. Spreads refer to the difference between the buying and selling prices of a currency pair. g. 5 years is laughable. PIP stands for Point-In-Percentage. Hello, good day everyone. better off going with FTMO or MFF then finding your personal account that way. The max daily loss is the thing you need to watch out for. Price keeps going against you another -$110 (-$2010 total) then back to negative -$1900. I think they say they have a 1 point spread of eu - yeah fuking right 😂 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%. You initially pay for a challenge account. 5% and will take ages for the account the compound. A CFD is where an investor gets into a contract with a broker who purchases the asset for the investor, and depending on the difference between price at opening and closing, the investor either profits or loses. I learned a lot in the past months, backtested a lot every fucking day mate. The decimal increment of the price is 0. Dec 23, 2023 · FTMO features a tiered pricing structure for its trading challenges, crucial for those looking to get the best price on FTMO. Sorry OP but that's a dumb question. 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. Who is the FTMO Account Swing suitable for? FTMO Account Swing does not have any restrictions for trading around news releases and holding of trades overnight (above 2 hours market close) and over the weekend. About FTMO. These calendars typically display the following information: Release Date and Time: When the economic data will be released Data: The specific economic indicator being reported (e. The maximum you can now lose on the account is 1500. Their challenges are a bit tougher than My Forex Funds where I'm currently funded. Hope this helps. Many pips, far more than advertised. That gives you an easy overview over the spread on different pairs. There will always be a bit of latency even if you do have the correct price chart. I trade the M1 , with all brokers I’m used to using market orders which are fairly accurate but never spot on to the current price. Then tick "spread" in "columns". Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. 21300 to 1. -ftmo's business model is based on the failed challenge fees. Step 1 – FTMO Challenge. Little expenses that used to bother you, you don't even think about or care. 20 votes, 56 comments. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. note: Weekend trading hours on Cryptocurrencies may vary on each platform due to weekly scheduled maintenance times. When trading with FTMO funded accounts, it is crucial to have a clear understanding of spreads and how they compare to other brokers. , Non-Farm Payroll, Consumer Price Index) FTMO - I’d advise anyone to use FTMO before another firm as an overall choice, simply because they’re possibly the most established and reputable firm among the industry. FTMO is legit, and I assume they have a lot of very successful traders. Similar trade on FTMO did not slip, another trade I got stopped out when the price was 0. Posted by u/thermonuclearstrudel - 91 votes and 114 comments Dec 7, 2023 · The FTMO evaluation process, designed to find and nurture skilled traders capable of handling the firm’s capital, consists of two stages: the FTMO Challenge and Verification. You have to be profitable to be able to make money on their The best prop firm besides FTMO AID The Funded Trader In my option. Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. Read more articles by DailyForex. Swing traders can go through a multi-month drawdown even with a profitable strategy, b The charts in TradingView and on the FTMO MT5 platform may have slight differences in terms of price levels and candlestick patterns. The company now contacts a big big gold seller and buys the current market (spot price) for it. which is more than enough to pay out the traders that do make money (90%+ loose) Step 3 – FTMO Account. Then you have to complete the challenge where you have to make 10% in one month while adhering to their drawdown conditions. e. Example: EURUSD price increases from 1. And then they get it delivered physically. Ftmo is awesome and industry standard, I'm just not a fan of the "make profits in this amount of time" system, but if I'm not mistaken as long as your account is profitable they will let you continue even if you didn't hit the target. I can't find the stats on how many traders have been funded for the year 2020 in FTMO. 377K subscribers in the Forex community. com Team. 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. I've calculated everything precisely and my conclusion is that trading FTMO account would require almost the same performance as trading your own account taking advantage of compound gain(interest). But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. It's invisible to you. 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. Our FTMO Challenge is the first step of our Evaluation Process. The two stages of evaluation are making 10% profit of the account you choose in one month, and then 5% in two months. 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. The price lines should never be too far apart. I got slipped 4. Please check the trading hours of the symbol in the platform you are using and refer to our Trading Updates site for the latest platform maintenance times, scheduled outages and other trading-related updates. We also take a closer look at the evaluation process, trading objective details and pricing. Whereas the market orders on ftmo (not all but some) have had insane slippage. I've researched and found these to rank like this, FTMO The 5%ers Fidelcrest TopStep Funded Next SurgeTrader Tell me if you… 58 votes, 46 comments. You don’t have to worry about news and it helps you not to over leverage. I heard that mt4-mt5 is getting permanently banned for all USA clients. 9 pips away, also had the same trade on FTMO that did not get stopped and went on to take profit. Funded traders can begin trading with up to $400,000 with leverage of 1:100 and keep up to 90% of profits made. Seeing a lot of videos lately of people passing FTMO challenges on Youtube. But you don't trade a spot market. Now you can directly see the spread on the chart. Not sure if FTMO is trying to capitalize on this early. If you're looking for a ticker, make sure it's also a CFD. FTMO does not offer or provide services to users in your country. Before you can get your FTMO Account, we need to be sure you can trade responsibly and manage risk properly as, in the future, we can use your simulated trades performed via the FTMO Account when trading on our own account on real financial markets. The offered technical solution for the FTMO platforms and data feed is powered by liquidity providers. Looking for serious traders. FTMO's 70/30. For swing traders, it's a great improvement too once they actually get the funded account. Well, just then you FAILED the challenge because you lost 8K last week then opened a position that briefly went -$2010 passing your maximum allowed drawdown at 10% or 10k. so let me clear things up: your trades never get placed in a real market. The real question is do YOU have a consistent and profitable method? That is the real question. Symbol Specifications & Trading Hours. 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. 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. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. 21450. com FTMO ranks among the most trusted and transparent prop trading firms. 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. Tick "Show ask price line" in the "show" tab. You’d be risking less then 0. They are an essential aspect of trading that can significantly impact your profitability. Upon successful completion you can get an FTMO Account with a balance of up to $200,000. The prices seem a rip off IMO and you get 1:10 leverage which means trading on the higher time frames. 19 votes, 108 comments. 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. vevtohpgrlceydmniyeuqepjhgupfvgmfjztqbsenmolwipkqthqp
