Ftmo academy review reddit.
20 votes, 56 comments.
Ftmo academy review reddit Hey guys, shaemless plug but heres an honest review! Especially coming from having tried multiple prop firms such as Myforexfunds and FTMO. The rules are better than FTMO. which is more than enough to pay out the traders that do make money (90%+ loose) Welcome to FXGears. even if it's just a simulation. The Academy offers resources that cover the basics of trading, including insights into various instruments like forex, stocks, and commodities. 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. Additionally, you need close any open positions on the pair it'll effect . 8. I am soo happy to join ftmo academy as my trading has dramatical improve and the tools given are so helpfull especial the trade spider, instrument scanner and the ADR help me to enter the Ok i meant $5k max daily loss. None of the people that fail post anything up on reddit because there is no point, while the people that succeed (which is a tiny %) are on here having their 15 mins of fame before 99% of them inevitably lose the account which they attained through luck rather than actual trading skill. The max daily loss is the thing you need to watch out for. - To be with other like-minded forex traders. FTMO's 70/30. Trust and Safety. Updated : September 26, 2024. there are 50 prop firms operating as of now , but no firm can match track record . Various reviews indicate: FTMO without second thought. Sep 27, 2024 路 FTMO provides a robust educational platform through its FTMO Academy, designed to equip traders with the essential knowledge needed to succeed in the financial markets. Ftmo is a scam 5 days ago 路 FTMO Review FTMO processes millions of trades monthly and paid out $75 million in 2023, with an average payout processing time of just one day. I just completed my 4th payout with FTMO today and never failed their challenges. FTMO Academy is a course that teaches you how to pass the FTMO prop challenge and become an FTMO trader. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. Jul 31, 2024 路 In a nutshell: FTMO is an exciting top-notch proprietary trading firm loved by thousands of seasoned traders. At FTMO, we strive to provide the best services and assistance to our traders. 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… Basic elements The foundation of any trading strategy begins with the generation of an idea, which could come from market analysis, news events, or a broader economic perspective. Searching for it online is a waste of time. FTMO has a dashboard that lists the times that the news will be released. 馃槙 Customers from the US are no longer welcome. There seem to be quite a few users leaving negative reviews. And PA students may be interested in /r/PAstudent for discussions about PA school. , economic reports, earnings), technical indicators (e. If they fail, you are still out FTMO's challenge fee. In that time, I have had a maximum cumulative drawdown of only - $6,419 with an average drawdown of -$1,000. The main reason is rules and laws. Here are testimonials of our traders. Written By. Was surprised when the transfer hit my account wasn’t expecting it, but it’s legit. In the other note I believe in every single one y’all who are trying to make a change. If you watch some ftmo interviews on YouTube you will easily notice how little experienced are some of the guests. Unfortunately, many are not quite right and many are misleading. Exclusive Access: Unlock a new, larger challenge option ($400k) at a discount. One thing connects all professional traders – they have 100% trust in their trading strategy. Understanding the context and […] Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. FTMO is legit, and I assume they have a lot of very successful traders. FTMO enjoys a stellar reputation on Trustpilot with a rating of 4. They offer traders the opportunity to trade with capital ranging from $10,000 to $200,000, with leverage up to 1:100, and a profit retention rate of 80-90%. com is very good for beginners like me. r/sharedcourses: Shared Courses: Empowering Collective Learning! Discover, share, and discuss high-quality online courses, tutorials, and study… I see no reason to use anything either than FTMO, they have established themselves, have lots of good reviews and most importantly they have the capital to pay people and support their system. Our FTMO Academy offers valuable insights and guidelines that help new traders avoid common pitfalls and mistakes. One big difference is that ACG has a lower 8% Phase 1 goal for its prop business challenges, which makes it easier for traders to pass. Sorry OP but that's a dumb question. A new prop firm could go bankrupt if their model is not bulletproof. FTMO Review Summary. Took me an average of 1. professionalism ,longevity of FTMO. 6. FTMO academy. FTMO is an excellent proprietary trading firm for forex traders. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. INVESTING . g. FTMO official response: Hi there folks, thanks for your comments. Old is Gold. So he did get like around 100k from that. You can see the thread about us on the most respected Forex review site - Forex Peace Army and see for yourself. there are no data fees to be paid Dec 14, 2024 路 MT5: The FTMO-Demo2 and FTMO-Server on the MT5 trading platform will have maintenance on Sunday, 15 Dec 2024, between 10:00 and 11:00. Aug 18, 2023 路 FTMO Reviews and Ratings. Sign up to join this community. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. The platforms claim that learning the course will prevent you from losing money on failing challenges in their prop firm. So it's been a while that I know FTMO, signed up with them at the end of 2019 not long after it launched, but failed the tests (2 100k acc tests), I then switched to trading cryptos (on personal accounts) and been quite profitable with that, and more importantly learned to trade better! Savings are hard to come by because FTMO doesn't give them out very often. To be fair, that lamboraul dude did trade for FTMO and you can find his video on FTMO’s YouTube. The issue here is that you see all the 'success' stories and no failure stories. Funded traders can begin trading with up to $400,000 with leverage of 1:100 and keep up to 90% of profits made. Thanks for reading this FTMO review. Trust the process and don’t give up. I've been really impressed with FTMO's… Sep 26, 2024 路 The FTMO Academy is another highlight, offering comprehensive educational resources to help traders improve their knowledge and skills, making FTMO a well-rounded platform for traders of all Feb 8, 2024 路 FTMO is one of the fastest growing proprietary trading firms with funded trading accounts. FTMO Performance coach. The5ers encourage consistency, that’s why they give 6 months-1 year for the trial period, and no time limit once you are funded. Guys i see to much bad news on borkers cfd like FTMO, MFF… and others. 20 votes, 56 comments. Free Challenge: Earn a free FTMO challenge at the same size as your current account. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. Bonus Rollover: Receive a 5% bonus when you roll your profits into a new FTMO account (withdrawable after 30 days). It goes without saying that risk management is the most important part of trading. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. -ftmo's business model is based on the failed challenge fees. MyForexFunds is a prop firm out of Canada with similar challenge parameters as FTMO. The FTMO Academy is another highlight, offering comprehensive nowadays, "prop firms" tends to mean firms like FTMO, where you are actually trading a demo account and failed challenges are more than enough to cover any win that a tiny percentage of traders will have. It bridges the gap between theoretical expectations, backed by data, and practical application in a live market environment. cTrader : The cTrader trading platform will undergo maintenance on Sunday , 15 Dec 2024 , between 10 : 00 and 11 : 00 . Jan 27, 2024 路 FTMO Academy is an educational segment associated with FTMO, a company known for offering proprietary trading solutions to up-and-coming forex traders. We paid out more than $190,000,000 to FTMO Traders and sent these payouts to more than 180 states. You have to be profitable to be able to make money on their A community where you'll find genuine online marketing/prop firm reviews. FTMO is a reputable choice for experienced traders looking to trade with a prop firm. 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. With FTMO you can practice all acquired knowledge in a risk-free environment in real market conditions with our Free Trial. It looks like a good option to the well-known FTMO. . so let me clear things up: your trades never get placed in a real market. However, account grows much quicker than FTMO, so still better than FTMO purely on the weight of account growth The Complete FTMO Challenge. Tip 2 - Create reminder notifications for the upcoming week of all high impact news just in case. seems like you guys have not understood how ftmo works. -Share FUNNY Trading FTMO has specific rules and guidelines for trading in their Challenge and Verification phases, and it is recommended that you review these rules before starting your trading. Took me several challenges to pass but all worth it. Hey Traders, My name is Adam and I am Head of Growth at The Funded Trader. 4. Despite it's CFD, you don't have the issues of future prop firms like contracts limitation, trailing drawdown, performance day conditions, no refund the FTMO spread is acceptable for day trading especially during NY session for indices Sep 26, 2024 路 FTMO Review. The FTMO Challenge rules and Verification process are well-documented and 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. r/Daytrading • I just crossed + $375,000 in profits after 18 months of full time day trading. S. FTMO only lets you trade CFDs, which is illegal in the U. For pre-PA help, check out /r/prephysicianassistant. The Academy is designed to try equipping traders with the necessary knowledge and skills to navigate the volatile world of foreign exchange trading. 5 months per scale up. Funded traders receive up to 90% of profits. How do you guys deal with emotions? Bro I am literally trapped in this loop: Not… Old is Gold. 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. As for high frequency trading (HFT) with an EA, FTMO does not specifically prohibit this type of trading, but they do have some restrictions on the use of EAs. , chart patterns, volume analysis), or a combination of both. If we want to join this elite club of traders, we must know what to expect from our trading strategy. TheFundedTrader community is definitely what draws me to this one, the staff are friendly and engaging and the discord community too. in short it seems like they cheat by making you lose the money you invested to do some challenges to get an account with them (propfirm). Here's my review: Is the content worth it? The content is alright, but you can find similar information all over the internet. Robert is down to earth person who is willing to help and support whenever asked or needed for advice. 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. Ideas can be driven by fundamental factors (e. Regarding account management, MyForexFunds put out some interesting statistics about their traders a couple of months ago. By carefully executing forward testing, traders can validate their strategies […] Related Review: G7FX What Is FTMO Academy?. Do your research but so far, my experience with MFF has been great. Tip 1 - On your phone or computer you should add another clock time to match FTMO's local time. FTMO is legit and has been around for a while. Swing Trading is an investment strategy generally characterized by a short time horizon, emphasis on stock momentum, and monitoring both an underlying's fundamentals and technical analysis. This allows traders to gain experience without risking real money. Welcome to FXGears. Commission and Fees. Got to give it to FTMO. The real question is do YOU have a consistent and profitable method? That is the real question. Leave your reviews so that others can learn from your experience. Doesn’t mean he’s any good, but he did make money at one point from trading for sure. This is the reason there is a performance coach available once per month for our FTMO Traders, completely free of charge. If you're willing to pay around 10k, you might find structured content elsewhere. But my point still stands, if you want to trade properly you dont want your drawdown to reach anywhere near that $5k, let alone the $10k since you'll just be putting all your eggs in one basket. The potential for account growth is however capped which is a huge negative for me. with FTMO you can get a practise account and test fills , spreads for 14 days. Tradeable assets include Forex, cryptos, commodities, Posted by u/tbigballer - 18 votes and 49 comments So to them, it is a completely risk free business. Essentially once you pass their exam, you go through their identity verification process and sign the contract and they provide you with the login credentials to the account that's linked to their live account within 1-3 business days. com, a trading forum run by professional traders. 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 best prop firm is still the same: FTMO i received my payout with quick international transfer within 3 hours to my bank account. Savings: Get a 10% discount on all future FTMO purchases. Now, my hypotesis are 3: They are really professional traders (very unlikel, maybe 1 out of 1000). Their scaling plan of 10%/4 months is more realistic. Folks just need to spend more time studying and WAIT UNTIL THEY ARE REALLY READY instead of chasing funded accounts too soon. This is quite a complicated task since none of us can see the future, but thanks to the historical data, […] 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. 10%/month like FTMO is not realistic imo. These reviews will help you to make the most informed decision before investing in a course or training. On FTMO's YouTube channel, I was watching one of the videos about the process and they said in the video that you don't need to contact them because they already know your account is ready for the next step. Michael, our main performance coach, graduated from Charles University with a master’s degree in Psychology. Second $100k account lost in a month. Although most traders think they are losing money in trading because of flaws in their trading strategy, the truth is that in most cases they are not using proper risk management. What do Alpha Capital Group's clients not like? The business has a good name, but it's still not as good as FTMO. The reviews and testimonials are all 100% organic. You only need to pass 8% in the first round and 5% in the 2nd to get funded and drawdown is 12%. This is a testament to their exceptional service and trustworthiness in the forex trading community. In this article, we will cover everything you need to […] Please review our forum rules before contributing. as long as you don't resort to shady practises and align your trading style with them , you are good to go. While the evaluation process is challenging, the potential rewards and tools make it worthwhile for those with solid trading strategies and risk management skills. So this how the first FTMO payout went. 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. Posted by u/mrcake123 - 14 votes and 97 comments Its profit split structure starts at 80% and transitions to 100% profits quicker than Bootcamp, and the additional monthly salary is a unique incentive. Trying too hard and studying too hard has diminishing returns and is counterproductive. FTMO supports the three most popular trading solutions: MetaTrader 4; MetaTrader 5; cTrader; All of them are free to use with no markup to all demo trading account and virtual funds. Their challenges are a bit tougher than My Forex Funds where I'm currently funded. 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. 19 votes, 112 comments. Date of experience: December 12, 2024. Has it been challenging for you to pass the FTMO Challenge? Whether you have already failed or are about to take your first challenge, you’ve come to the right place! Welcome to the FTMO Challenge Course! This course will dramatically increase your chances of passing the FTMO Challenge on your first attempt. If they pass, you pay. We are a proprietary trading firm with a mission to offer world-class trading technology, exceptional 24/7 support, customer-centric challenges, and become the destination for top talent traders. 9 stars out of 5, based on 5,535 reviews . aycglouoijwssvmvbtgypempxlcaiegfmohujnhkraup