Ftmo academy answers reddit Michael, our main performance coach, graduated from Charles University with a master’s degree in Psychology. This is the reason there is a performance coach available once per month for our FTMO Traders, completely free of charge. We deliver a Trade on the platform and you pay only if there is a profit. Post any questions you have, there are lots of redditors with admissions knowledge waiting to help. Differences between individual account types […] 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. Then install 2 different MT4 terminals. 27/08/2023. com's Reddit Forex Trading Community! Here you can converse about… Aug 27, 2023 · The following is FTMO academy Answers of their training program. Regarding account management, MyForexFunds put out some interesting statistics about their traders a couple of months ago. o Reddit. The max daily loss is the thing you need to watch out for. 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. If you can make 10% on FTMO for 5 months, on your private account you will have: Month 0: 100$ 1: 200$ 2. FTMO companies do not act as a broker and do not accept any deposits. I'm by no means bragging, I'm simply stating that FTMO is worth it and anything worth doing is hard. Minh Quân. com, a trading forum run by professional traders. During the installation process you can give each MT4 terminal a unique name, like Demo V5 and Demo V5. com's Reddit Forex Trading Community! Here you can converse… You don't get his logic, because you apply the same rules to a private account. 800$ 4. 3200$ FTMO gives a short time to make 10% profit, which means that traders are forced to trade aggressively and implicitly increase the risk of losing and by this they have their future insured for FTMO because they live off the money of those who lose their fees when they buy a challenge. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features NFL Sunday Ticket Press Copyright depends on three things: Do you have savings to survive 1 year if trading fails you. 19 votes, 64 comments. Welcome to FXGears. Although the answer to this is more complicated, let’s start by saying that 2% risk per trade is a good base to start with. MyForexFunds is a prop firm out of Canada with similar challenge parameters as FTMO. Like Petko, I simply let the EA’s run 24/5. There is a lot of useful information that FTMO has to offer in the course. Trying too hard and studying too hard has diminishing returns and is counterproductive. My view on copy trade is different, especially because we work with it. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. 392K subscribers in the Forex community. Try your hand at the course before continuing. Real fuking hard. If we want to join this elite club of traders, we must know what to expect from our trading strategy. If they pass, you pay. One thing connects all professional traders – they have 100% trust in their trading strategy. "How high in % was your first payout and how does it Welcome to FXGears. Check out the sidebar for intro guides. As we can see from the below chart, keeping our risk at 2% per trade would only cost us approximately 20% of our account on 10 consecutive losses which should not happen in the first place for traders with robust trading Aug 27, 2023 · The following is FTMO academy Answers of their training program. If you are using your own broker you can open two demo accounts. By carefully executing forward testing, traders can validate their strategies […] Today’s article will be devoted to finding the answers to the several most frequent topics our support colleagues get asked about. 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. FTMO Academy Answers FTMO Academy is a free educational resource offered by FTMO, a proprietary trading firm. Do you have 1 year of profits ( there are weak months and strong ones but its about your balance at the end of the year)- Can that profit, after tax, make you life better than your salary? 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. In a weird way, when I treat my FTMO accounts and personal account (connected with social trader tools) like demo accounts, I stop caring so much that it messes me up. Alann, FTMO is searching for serious traders around the world, and this Academy allows us to unlock the potential of hundreds of thousands of future traders around the world. 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. Answer to question 2: Not sure I understand the question. 1600$ 5. Aug 27, 2023 · FTMO Academy Answers Part 1: Basic. It bridges the gap between theoretical expectations, backed by data, and practical application in a live market environment. At FTMO, we strive to provide the best services and assistance to our traders. We offer the education, training, and support needed to develop the skills and knowledge necessary to become a serious FTMO Trader who can trade up to $200,000 with an FTMO Account. So to them, it is a completely risk free business. I passed, focusing on my risk management, not profit. Oct 27, 2023 · Anyone Passed 'FTMO academy' Final Exam? I heard they give heavy discount on Challenge purchase When Pass Final Exam! Nov 18, 2023 · FTMO only allows one FREE FTMO demo account at a time for each trader. You can lose 10% on FTMO with 10% target, so you have to double your account. I should add I have also passed a few times too with them. The Academy provides traders with a comprehensive understanding of the financial . If they fail, you are still out FTMO's challenge fee. 331K subscribers in the Forex community. Posted by u/tbigballer - 18 votes and 49 comments The Reddit Law School Admissions Forum. This is quite a complicated task since none of us can see the future, but thanks to the historical data, […] FTMO Performance coach. 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. Please rephrase the question for better understanding so I can properly answer. Please note that the information below is for informational purposes only. Đây là Phần 1 trong Aug 27, 2023 · The following is FTMO academy Answers Part 2 of their training program. The best place on Reddit for admissions advice. I’ve hopefully learnt something from all the pain however. Forward testing, also known as paper trading or walk-forward testing, is a crucial step in validating a trading strategy under real market conditions without risking actual money. So, whatever you earned (minus 20%) + your challenge fee. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. 242 votes, 229 comments. FTMO or any Forex funded account for that matter, is not worth your time and doesn’t make you any money in long-term. Could you help us with your clone account size? And i really curious if you scale it up to >1-2M$, will FTMO do something with you? Thanks a lot for your answer. While taking FTMO challenges unknowingly you are paying a lot of monthly subscription fees, you may lose the challenge, re-take the challenge, get a funded account , break any of their trading rules, you will start from Second, to answer your question: "When you pass the phase 2 of the Challenge, will FTMO pay you the refund OR will they only pay your refund when you achieve your first payout?" You get your challenge fee back AFTER your FIRST payout. Hope I have answered your question! Sep 14, 2022 · Answer to question 1: Like Petko says, when creating EA’s the backtesting includes all the news. The offered technical solution for the FTMO platforms and data feed is powered by liquidity providers. Đã cập nhật vào: 27/08/2023. Facebook Line Telegram X Copy. If something still seems unclear even after reading the article, feel free to explore the FAQ section of our website as the answer is likely ready for you there. 1, so you can tell them apart. 400$ 3. (1% of risk per trade with 66% win rate) FTMO rules are far laxed compared to the firm I work for now but l manage a far bigger book and obtain bonuses and payouts. yvvxmoo xsda jbxkwakg nbunrev hjyi cgcpxg oazband wrusgoke atcrgi bjtxnhc