How to use ftmo reddit. Because when you overleverage with $3.

How to use ftmo reddit 5k sitting around that I can afford to use so I'd rather pass the challenge in one shot and build my own capital to fund myself. If you're trading with a propfirm that has it's own broker ex: MFF -> TGG, FTMO -> FTMO, AFG -> AFG etc. They're probably manipulating spreads, slippage & swap. Welcome to FXGears. Please only submit content that is helpful for others to better use and understand Bing services. Upon successful completion you can get an FTMO Account with a balance of up to $200,000. Be the first to comment Nobody's responded to this post yet. Not actively monitored by Microsoft, please use the "Share Feedback" function in Bing. Btw im taking also a prop firm challenge but not ftmo. etc. Hello, I would like to start two challenges with two different prop firms, FTMO and The 5%ers. Because when you overleverage with $3. Add your thoughts and get the conversation going. FTMO’s model is very innovative though … once having passed the Challenge and Verification test phases and having become eligible to participate on the FTMO platform, the so-called FTMO ‘trader’ basically just plays an electronic game of simulated trading with virtual funds 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 used FTMO in the past and they are legit, I was able to withdraw and everything but I had to change my strategy and it doesn't work with FTMO's parameters. ( RR 1:3 ,RR 1:4 , You can even change the SL and Take profit . , trading my strategy, consistently. Only reason I kept going through all the failures is because I remembered that first payout feeling. % doesn't matter if the trader isn't using any money management. After your first payout with FTMO you basically are playing with house money. Feb 8, 2024 · This FTMO review guides you through the FTMO Challenge, including the signup process, member dashboard and trading platforms. I use Daily, 4 hour, 15 minute for analysis, and 1 minute for entry. A subreddit for news, tips, and discussions about Microsoft Bing. When considering your risk you need to use the maximum drawdown amount, not the total account size. Their challenges are a bit tougher than My Forex Funds where I'm currently funded. Take a look into how they managed to score the FTMO Challenge and what methods they used to pass our Evaluation process. I would get a payout and my refund then use that money to fund a personal account so you have YOUR rules without risk of losing a certain amount. The prop firm will control the account at the broker, that's why they pick and choose who they work with. This feedback is very valuable to new traders or those seeking some trading motivation. You only need to pass 8% in the first round and 5% in the 2nd to get funded and drawdown is 12%. As long as you don't let yourself go below the starting balance you won't have to buy another challenge. . I have been told that this lot size is too small. 5k using 1000:1 or 500:1 liquidity with a broker like LMFX, Hugosway, or any unregulated broker, you can trade using the exact same lot size. It has STOP LOSS 10 PIPS AND TAKE PROFIT 20 PIPS . It's not easy, but it is simple: earn more, spend less, and use the difference wisely. 5ers is the same. FTMO is legit and has been around for a while. You can set as You want even 5 pips SL 15 pips TP ) I am using it at 0. FI/RE (Financial Independence / Retiring Early) is a money strategy that's sweeping the nation. If the prop firm uses a third party, regulated broker like Eightcap, BBMarket, etc. It trades RR 1:2 Daily EURUSD ,GBPUSD ,USDJPY , USDCAD. - To be with other like-minded forex traders. 5% / trade. Took me several challenges to pass but all worth it. Do your research but so far, my experience with MFF has been great. For FTMO, the two trials involve more luck that normal trading due to the time constraint. How does it work?. I am using 1 lot and 2 being the maximum. I just don't have $3. Congrats brother on passing ️🍻 To pass challenges FTMO, FUNDEDNEXT or any prop firms. After you sign up, you can either start an FTMO Challenge right away or, as we usually recommend, start with our Free Trial, which is a free version of our FTMO Challenge intended for practicing purposes. I am worried that if I use a bigger lot size, I might hit the daily loss limit and my losses might be difficult to overcome. Slippage only occurs over night with stocks or on the weekends with indices and forex…. I was learning from this guy name raja banks when he use to stream everyday with other people. 1:50 leverage is fine and plenty for most people. g engulfing). FTMO. I recently started trading again in January of this year cause my friend told me about FTMO and how they let you use there capital. It's up to the broker you use with that prop firm if they scam you or not. The amount of capital you get is great for easy money, given you pass and get a payout. Use smaller and proper size every single trade. We also take a closer look at the evaluation process, trading We express our warm welcome to our new FTMO traders. I use top down analysis at the core of my strategy. You can set the risk as You want . 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 trade a live account with ftmo for a while now and never experienced any bad slippage. When my trades follow my setup, I can make 200 pips atleast. As long as your risk is ok and your stop losses are set properly there shouldn’t be slippage. If I had to say there is 1 particular concept I use, it's looking for price manipulation that happened during the day and forming my basis for trade idea around that, while still keeping my attention on the larger overall picture and trend on the higher timeframes. It all depends on how quickly the trade moves. But once you have the funded account, there's no reason to take any risk that will blow your account. It felt SO good, I got greedy and blew my account, and just NOW - 1 1/2 years later, I have a 50k FTMO account, using proper risk mgt. The challenge consists of trading with a virtual account for 10 days, with a specific set of rules and conditions. 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! A Reddit Community run by MM community members for those that want to use, learn and understand more about how to heal chronic illnesses with Medical Medium information. I use a discretionary strategy but contain it with SLs Since the challenge resets you can use all that risk you have accumulated and start making larger trades to pass the challenge the closer you get to running out of time. com is a platform that provides traders with the opportunity to trade with real money and potentially join their trading team. Started trading with a demo account and actual 1000 - 500 dollars accounts but I obviously blew them 😂. Yes, from my review of the same question, I believe US persons or entities can participate on the FTMO platform. Never used them. FTMO developed a 2-step Evaluation Process to find trading talents. Ask yourself this: why would they charge you a commission on each trade when you are trading with their capital? FTMO is it's own broker, I've asked that recently and that's what they replied. FTMO is a prop trading firm. They are also large enough to offer their own brokerage along with your funded account. Build a baseline of financial security with the difference first, then use it to invest for your future. -Share FUNNY Trading I consider myself in between day and swing. They aren’t a broker, they use an institutional liquidity provider. How do you use fibo and rsi in your chart as confluence i need to try this . I'll hold anywhere from a couple hours to a couple days. Use this subreddit to get advice on renting or buying accommodation in the UK, or to have civil discussions about it. You are trading with their money with the intent of producing a return against the market. Could be 14%. However, before you can do that, you need to pass their challenge. So now I have my eyes on the high stakes program with 5%ers I think we have the same strategy break in support/resistance retest then confirmation with candlestick pattern (e. In Europe, max leverage is 1:30 and in Japan it's 1:25, so 1:50 isn't bad at all. Please remember: Reddit IS NOT a replacement or substitute for a qualified solicitor, and any advice given here which relates to the law is purely academic in nature and should not be relied upon. Wouldn't matter if they don't have money management plan. 4% isn't unrealistic at all. I enjoy playing swings using RSI, keeping in mind support and resistance and the higher TFs. We are a non-judgmental place of compassion and light-heartedness. First of all I would like to know from people who had any experience with these two, if they are both allowing to copy trades between account on different prop firms. 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. zfltdl pziw rycgg cnm saemmk chyld qhjhgh kelbi poiv nqasy