Ftmo 10k challenge rules reddit 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. I’ve tried FTMO and Trader2B, and can confirm that the culmination of experience day trading will help you be successful in passing these. 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. I’m very curious about this phenomeno, never took an ftmo challenge, would like to hear your thoughts and experiences. If you go for the 5k and lose $40 it’s no biggie considering the opportunity. 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. So I decided to try an ftmo 10k challenge. As long as you keep the challenge fee money aside, you can retake it again if you happen to lose it. Getting an FTMO Challenge is your first step towards becoming an FTMO Trader. 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. Our Challenges simulate real-world trading conditions by utilizing a demo trading environment. true. - Each challenge was done separately, months between one and another. 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. There are others like TopStepFX and Fivers. Breaking rules etc etc. 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. 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%. 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. Daily loss was 10k. Do you calculate your 1% risk on the 10k or on 10k x 100 leverage? Countless YouTube videos, Udemy courses, Google searches. My question is when you do A prop challenge lets say beginner 10k with 100 to 1 leverage. Both verifications took me more than 30 calendar days I believe slow and steady is the way to go with ftmo. Hey since the max allocation is 400k for FTMO. 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. 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. My win rate decreased because of the pressure. Currently attempting my first ftmo challenge on the 10k account. Right now, every time I take a trade, my lot size is only 0. 20 - 0. Start risking 0. 5 lots, depending on my confidence in that particular trade. I feel I was lucky with the first phase 1 challenge, but the second phase 1 challenge took 23 trading days. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. Adhere to the rules and practice safe trading. You never get fundet with Real money, you always papertrade. $10k (of 100k) actual usable capital is also not wrong. My opinion would be go for it, but be disciplined and use it to fund your personal account to a good size account (10k, 25k, 100k, whatever you're comfortable with). 50 I'll allow a 100 pip move against me. I'm still up 5% in 3 days. This offers more room for loss compared to the other options, but has a higher entry barrier due to the multi-step process. 5lot on 500$ is quite alot of risk. Despite taking 26 trades, my equity is $9,995. Passed another ftmo challenge. 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. I learned a lot in the past months, backtested a lot every fucking day mate. Honestly for me its not worth all the rules they have, I’d rather just use my $7k+. 242 votes, 229 comments. Just some notes you have 5%Drawdown of 10k. As a scalper, I couldn’t imagine holding over the weekend, or even overnight. I feel the challenge is more of a puzzle. And looking where price moves to. Then go and buy a bigger challenge if you pass and continue to grow FTMO. My challenge ends tomorrow. Example: Max drawdown is 10%, you start a 100K account so you can only lose 10K total or you fail. Spend like 40-60$ and get a 5-10k challenge. These results are still good imo. com is a platform that provides traders with the opportunity to trade with real money and potentially join their trading team. 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. -ftmo's business model is based on the failed challenge fees. I explained my case, and even took the so called loss which did not equal what I was supposed to be losing. Now my trader psychology is going off. There is no time limit within which you need to pass the Profit Target, the Trading Period is indefinite. 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. 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. 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. The daily dd ain’t even bad you should not even be going 5% deep on a trade anyways with proper risk management. Today i finished my first phase of my 100k Challenge. If I get in . Use them, dude. Find something that works atleast 50% win rate and do not ever break rules. 17, giving me an average RRR of 1. I have not violated any of the rules and have gained 5% over 4 days. 210k down. The FTMO Challenge stage has reasonable rules, where the Profit Target is in balance with the drawdown we allow you to take. I am so hyped and a post like this motivates me a lot. 0. What does this mean? I already got the message saying my daily loss has been breached and to email 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. After 34 trades I'm still slightly in profit for today. You can choose an account size of up to $200,000. Months of rigorous backtesting, adherence to my rules, and meticulous risk management finally paved the way for consistency. . Now I'm trading the 15k AUD challenge and currently at negative side -50%. It's hard as I started ftmo challenge and my Forex funds challenge and in 1 week I passed ftmo. We call these rules Trading Objectives. I have a swing account because big news days are my best days, and I focus on smaller profits so 1:30 is sufficient. In the Client Area, you can select your FTMO Challenge based on the Account Balance, Account Type, and trading currency of your FTMO account. 28. 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%. I'm half way. 1%-3% max but I think 0. 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. I'm doing the 10k challenge and I'm only risking $75 per per trade. If I'm right, I'm right, if I'm wrong, the position gets cut. 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. Yes, the bigger the account, the bigger the positions you can go with. 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. Overall, I was still roughly 7% in profit. 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. Last month, I passed the FTMO demo account and I said to myself that I am ready to do the challenge. 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. e impulse, corrective, impulsive etc. Thanks heaps. 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. 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. But it is good for good traders with 0 capital (minus the $400-$600 you might have to pay 1-4+ times). 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. Essentially, the challenge is free if you succeed. Even though it’s called a swing account, FTMO isn’t well suited for swing trading. Understanding the FTMO 10K Challenge. 22 votes, 24 comments. 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. 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. I have to make this 500 back before I can even think about getting paid. 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. I have tried the FTMO challenge a few days and got a very bad and unfair experience. 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. Reply reply More replies Max loss was supposed to be 20k. 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. The challenge is particularly difficult for swing traders. The following week I did really bad in my Forex funds challenge as I didn't adhere to the rules. I got 2 more weeks to pass the challenge or breakeven to get a renew challenge. I had 13k in drawdown and about 6k in losses. 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. 331K subscribers in the Forex community. If you lose 3 trades which is 300 dollars in a row the strategy isn't working. The majority of challenge takers are not aware of this and are risking only 1% to 2%. After your first payout with FTMO you basically are playing with house money. Once I turned 10k demo to 11k gaining 10% I bought the challenge. However, before you can do that, you need to pass their challenge. Welcome to FXGears. I'm no where close to failing this 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. Hello! I already passed ftmo demo trial for 14 days for 3 times already. If you have 10k in your account, you are allowed to lose almost 10k and if you make 10k then you have made 100%. 5% per trade to see if you feel comfortable and get familiar with FTMO spreads and commissions. Welcome to MarketScreen – Navigating the Financial Markets Together! 📈 MarketScreen is your go-to subreddit for discussing everything related to stocks, trading, and investment strategies. I love practicing with these challenges. Our trading challenges provide virtual funds ranging from $10k to $200k, allowing you to practice and learn in a risk-free environment. 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. 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%. 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. 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. Hey guys. I am confident I will pass the challenge stage but I am a bit in the dark on the verification stage. If you’re really determined then plan on trying out the challenge X number of times until you get the hang of it. I've profited 2k doing this. I'm definitely no expert and have only just passed the FTMO challenge after a year of studying and messing around. So here I am, a fresh FTMO account sitting -490 (10k account) with another 500 to hit my max loss. One week goes by and you've lost 8K and have made $0 profit. 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… If you're in the scaling plan, you get a new "initial balance" reflecting the "scale up". 5-1. Can you share your experience? Withdrawal process with diff payout 11 votes, 36 comments. I felt cheated and disappointed. Would you realistically deposit 10k? or would you start small. I'm planning to get 100k usd funded account since yun ung talagang pinractice ko. If you had 10K to trade, you are better off trading your own account. 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. 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. It sounds like you're not using stops. The FTMO 10k challenge has a daily maximum loss of 5% and an overall maximum loss of 10%. Prior to that mess I was 800 shy of the goal. 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. So in this case, it just makes more sense to go the FTMO route. It was then, armed with confidence and dedication, that I took on the ultimate challenge. 200k more to go. Like I have had a few 100k demo accounts and always have turnt them to like 200k before they reset automatically . Entry cost: $495, refunded upon passing. Nov 9, 2024 · What are the rules for FTMO’s Evaluation? FTMO’s Evaluation rules refer to the set of trading objectives traders must follow during the FTMO Challenge and Verification phases to prove they can manage risk and trade profitably. Here’s a breakdown of what the 10K Challenge entails: Phase 1 — Challenge: The first phase requires you to hit a 10% profit target within 30 days. Sometimes we have bad days but one good thing I never did was increase the lot size. So good trader = guaranteed funding from prop I have been trading futures and doing succesfully at prop challenges but i have been looking at forex lately also. Armed with a newfound appreciation for price action and essential trading tools, I committed to my chosen path. My daily hit 23k. I would suggest anyone taking on these challenges is to take the 10k account and then use winnings to pay for the 200k account. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. I am very risk averse so 2% per trade is high for me. In the real world thats 500$. They are all the same with different rules, just whatever suits you best. What a mess, fomo, revenge trading, up and down all day. polxb dau yujpp ynuvbg wbk ednflc azpmyvp pgdpb tqcz ksz