Ftmo leverage reddit
Ftmo leverage reddit. FTMO is by far the most popular firm and they had to turn US clients away, I haven't purchased any challenges from any prop firm since the news came out for FTMO, it was a sign to save your money. It’s not as bad as you think. In this example, I believe FTMOs broker gives you 1:200 leverage. Features: Leverage of 1:10, no minimum days or trades required, and the potential to grow up to $4M. This is especially true for day trading or scalping, where the position size is usually significantly bigger than for swing trading. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! 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. FTMO stands out with its simplicity and transparency, when comes to profit split rules. How Currently undergoing the FTMO 10k Challenge phase 1 and safe to say I'm still in it. Other prop firms give you $10,000 with 10x leverage to fool you into thinking you're getting a $100,000 account. The exact Start your day with a 30-minute jog or a morning yoga session to clear your mind before you begin trading. To ensure you will not be stressed by chasing any targets, we have completely removed the Profit Target requirement to give you the freedom to trade Ftmo is the better option for sure for my style of trading, once I have maxed the 300k though I think 5%ers is the next best. 8 - Win rate of Skip to main content. cash, US500. for a new one who got some experience how things work on forex. 😀 The answer is revenge trading. The prices seem a rip off IMO and you get 1:10 leverage which means trading on the higher time frames. Um die Instrumentenspezifikation einzusehen, klicken Sie in Ihrer Marktübersicht (Strg+M) mit der rechten Maustaste auf das entsprechende Instrument und wählen Sie ‘Spezifikation’ aus. Log In / Sign Up; Advertise on Reddit; Shop Collectible Avatars; Get the For example Ftmo have a max daily drawdown of 5%, if im +6% monday and tuesday I get stopped at breakeven (-6%), I Broke the rule of max daily drawdown even tho the account have lost 0$. 1 point on 1 ES contract is 50. Our FTMO Challenge is the first step of our Evaluation Process. Here’s a comparison of the leverage provided by FTMO and Funded Trading Plus prop firms. My trading plan using the Swing FTMO account, in terms of how I understand Crypto Futures, was trading BTC using 1% for position (100. Those of you who can achieve a . You have 7500 total draw down. com hosts Honestly man, anything over 1:200 is overkill and probably too much leverage. The offered technical solution for the FTMO Welcome to FXGears. 03% taker and 0% maker so We would like to show you a description here but the site won’t allow us. I can only imagine all these replies about 10% draw-down being 100% of account are people who over-leverage and over-risk. They have really low spreads and no commissions, beats most of the retail brokers out there. It basically means that if you manage to pass, you get funded and it costs you nothing. , whereas other people say FTMO, like 'all prop firms', make money through people paying for, failing, and repeating their challenge, and those who do pass are Relatively low-leverage instruments. 000. 5-1. Since you sound completely new to FX, you wouldn't need much more than a $100 account to see how you can scale that up. It doesn't matter after a certain point because you have to care about risking a maximum percentage of your account, maybe 1%, so you won't use all the leverage available if its too big. Get app Get the Reddit app Log In Log in to Reddit. Personally I recommend exiting the trade if it goes more than about 20-30 points against you. The challenge accounts have 100:1 leverage. Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. There are all major currencies like EUR/USD and USD/JPY available for trading plus some less popular ones like USD/HKD or EUR/NOK for a total of 44 currencies tradeable via FTMO. Honestly leverage doesnt mean shit if you have a good risk management. Programs, instruments, reviews, platforms, leverage, and much more. I know what leverage means. The drawdown rule applies to closed trades, not open ones. 06% taker. I placed market order on gold at peak London session and the line of execution on mt4 was literally not even close to where the candle was showing. However, it also accommodates medium-to-long-term strategies through its FTMO Account Swing, demonstrating the firm's versatility and its commitment to supporting a wide 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. If you want to trade 1 lot(100 000 currency) using 1:100 leverage then you only have to have 100 000 divided by 100 of your own money and broker will put the rest to trade with and you take all profit and losses. Whether it is a 10,000 or 100,000 account 10% drawdown is the same. Comparatively, the origins of the Smart Money Concepts can be traced back to Richard D. I found two, one being FTMO which offers 1:100 and another one being City Traders Imperium which offers 1:33 and 1:10 depending on the challenge / plan you are. They are not the same thing. 33%. As far as I understand, Funding Talent lets you keep some of the demo account profit too, but in the long run it may become more expensive (75$ a month for the 25k account, and the first subscription fee around 200 if I'm not mistaken) and then keeps 20% Hello, good day everyone. Your margin is leveraged up to 30x. The leverage can be lowered upon request. FTMO only provides services of simulated trading and educational tools for traders. The Swing account has a reduced leverage. com hosts and moderates our chatroom, Welcome to FXGears. That's 750$. Tip 1 - On your phone or computer you should add another clock time to match FTMO's local time. - To be with other like-minded forex FTMO focuses on forex trading with a leverage of up to 1:100, so a $10,000 account can be traded with $1,000,000. 5 lots on a 5-10pip SL, which for me made it not worth even trading on. The offered technical solution for the FTMO Now that FTMO have removed the max delay to achieve the goal, take your time with smaller lot size Reply reply Otherwise-Band-1499 • Could you please explain what is DD?I am new here Reply reply More replies More replies. For Filipinos interested in stocks, bonds, mutual funds, ETFs, forex, crypto, banking, business, insurance, and any other topic related to investing money, making money, or growing money in the Philippines. So, if you’re short of cash and are talented, FTMO is probably the platform that will offer you the fastest If FTMO Trader doesn’t make a change to their Profit Split Day before the end of a one-month cycle, the Profit Split Day will be anchored to the last day of that particular Reference Period, without the option to change it further in the current cycle. Open comment sort options . As at all Read a full comparison between FTMO vs Funded Trading Plus prop firms. Swing accounts leverage Sorry OP but that's a dumb question. I also was funded once but I haven't traded since last year. The challenge consists of trading with a virtual account for 10 days, with a specific set of rules and conditions. I usually set a stop but it's a safety measure just incase the market decides to spike but for the most part I'll close well before my It helps us identify skilled and dedicated traders and leverage the data provided. A swing account goes around this but your leverage is 1:30 instead of 1:100. For the Swing account type, the value for the leverage is different for forex trading as it is set at 1:30 and no adjustment whatsoever can be Become our next FTMO Trader and work with an initial balance of up to $200,000: https://ftmo. There are all major currencies like EUR/USD and USD/JPY available for trading plus FTMO only provides services of simulated trading and educational tools for traders. I don’t get the leverage part. Never liked trading on demo as it allowed me to just go ham on the % risk and stuff like Welcome to FXGears. Im so confused. com hosts and moderates our chatroom, Hey fellow traders! I wanted to share a few game-changing tips that helped me conquer the FTMO challenge. A lot of people think that if you have a $10,000 FTMO account vs. Leverage and margin. FTMO developed a unique Evaluation Process for It is important to note that the required margin (and therefore leverage) varies from firm to firm, and the margin requirements also vary from firm to firm for different investment instruments. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Hi guys , I've been trading for 3 years now and I'm getting ready to do the ftmo funded. The r/GolfClash subreddit is dark from June 12th-14th in support of the Reddit Blackout Protest. Any tips on passing ftmo/forex in general? Share Add a Comment. 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. FTMO is a company based in the Czech Republic. It is designed to make you fail faster and more prematurely. 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. cash, US2000. Sort by: Best Depends on your leverage Reply reply Turnsright • Please explain this statement whilst I continue to slap my forehead Reply reply More replies. Because I need to be able to keep the trades running overnight, over the weekend and over news and to do that with FTMO I need the swing account which caps me at 1:9 leverage on gold. While leverage increases potential gains, it also increases potential losses. I 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. 02% maker vs 0. If ur risking 1% on every trade for example(on a 100K account), ur risking 1% regardless ($1K) even if levy is 1:10 or 1:1000. Open menu Open navigation Go to Reddit Home. However, before you can do that, you So this how the first FTMO payout went. , whereas other people say FTMO, like 'all prop firms', make money through people paying for, failing, and repeating their challenge, and those who do pass are I've seen a lot of FTMO Youtube videos interviewing some of their profitable traders who are making anywhere from maybe 5k - 50k profit split in a month. However, if the trader requests for the leverage to be reduced, the request will be granted. Funded traders can begin trading with up to $400,000 with leverage of 1:100 and keep up to 90% of profits made. The good news is with unregulated you get 500:1 leverage. The subreddit has not kicked you out or gone private. 65 out of 10. Points Points have 2 definitions, a practical one and a technical one. Tip 2 - Create reminder notifications for the upcoming week of all high impact news just in case. Leverage. 10%/month like FTMO is not realistic imo. Speaking from experience. 3%, or 1/30th, of the position value as margin. And taking big risks (kind of gambling my leverage) during the challenges and verifications leading to a kind of skill/luck pass. If you can get the account to $1000 trading no bigger than 0. If you're wondering why a stock moved a certain way, check out Finviz which aggregates the most news for almost every stock, but also see Reuters, and even Yahoo Finance. ” Reply reply [deleted] • If they really were doing what that complaint alleges, this seems to go beyond it being One of the biggest advantages of trading forex and CFD instruments is that, apart from the possibility to use leverage, you can also open positions in both directions, i. 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. Im heutigen Artikel werden wir uns mit einigen Themen befassen, die am häufigsten als Kundenanfragen an unsere Support-Kollegen gestellt werden. Took alot of shit from other people. You don't need need any more leverage to do this either if you are using proper risk as forex brokers allow you to lever up to 1:500 or even more sometimes. cash will close early at 23:00. I can see on propfirm like ftmo they highest leverage is 1:100 . I would think so in the sense that the tighter the spread the better right? Their spreads are just all tighter than FTMO. Do you think I need to be worried While ordering an FTMO Challenge you can choose Swing as your account type while configuring your order. First things first, let's start with the basics. The margin requirements on individual instruments may vary. Once funded you trade In this lesson, we will cover margin and all the other things that will help you efficiently manage your trading business. It was my first challenge and I couldn’t believe it was actually happening. It is basically like a double-edged sword. You may run into some trouble depositing into Indian banks, but I don't live their so what do I know. Personally, i don't mind the FTMO Challenge 10% profit quotas, but naturally, a larger balance allows for larger trades, and if 5%ers can provide that, even with a 50% split, and assuming the same platforms are available, i. Why FTMO funded account trial is a dangerous trap for you. Mind you the max that I have lost is 1% per trade. Has anyone FTMO: cost $1387 90/10 split not available at the start first payout is some time after passing (not on demand) along with only 100% refundable challenge fee 50x leverage supports my sizing plan on a trend day (can easily add up to 16x entry size on a A+ setup) but much higher spreads - DOW 1. What is more, leverage hugely depends on prop firm and account types. Some traders will over-leverage and hedge orders during this event. Please direct all simple questions towards the stickied monthly discussion Ftmo has a lot of restrictive rules but they give you a healthy amount of capital. Q&A. i’ve been reading posts and comments about FTMO’s challenge of 10% for 30days is ridiculously high. In the other note I believe in every single one y’all who are trying to make a change. Thus, traders can hold their positions for short periods of time as leverage increases the return potential (but there is also a higher risk to think about) and can So FTMO or myforexfund? I dont know which I should choose, in your experience which one is better? Skip to main content. 4% due to 4% max DD. (Just gotta wait 5 more days to complete the 10 day requirement) I’m so excited to start. We would like to show you a description here but the site won’t allow us. com challenge. I looked at topstep, it is terrible, they give you "200k buying power", which actually means a 2k account with 100x leverage!! Leverage is such a tool that is capable of making you rich and poor at the same time. If you treat your risk tolerance based on the $100000 account size and risk 1% each time, that's $1000 each trade. 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. If FTMO has specific rules regarding margin usage, but let's clarify the key points: Leverage: FTMO provides a leverage of 1:30. Wenn Sie noch weitere Fragen haben, können Sie gerne den FAQ-Bereich auf unserer Website durchsuchen. However, if you manage to earn 10% on an account size of $200,000, that’s $20,000 in profits. According to MFF's own statistics around 2. Was surprised when the transfer hit my account wasn’t expecting it, but it’s legit. Controversial. com's Reddit Forex Trading Community! Here you can converse about trading ideas Welcome to FXGears. So far so good, but I got there in 8 trading days instead of the Skip to main content. I'm trying to wrap my head around which one is best to start my career with, in the next months. But according to several people, once they passed the challenge 1 and 2, in live their leverage was reduced to just 5:1. You need 3. So you can let Beginner here. Also, FTMO doesn’t do a good job at explaining drawdown limits as it should be in bold not in FAQ page on a tiny link. I’ve failed 10 times or more since April 2020. You have to be profitable to be able to make money on their 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. So, if a trader has $10,000 in their The difference between FTMO Account and FTMO Account Swing is that, in the second one, you can trade through news and hold trades over weekends. The real question comes to props firms. For high stakes challenge accounts, they advertise 100:1 leverage of all forex pairs. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. For Crypto, the Leverage is 1:2. With a leverage of 1:30 or 1:100 for every $1 in the trading account, the trader can control assets worth $30 or $100, respectively. 699,600 / 30 = $23,320 required margin. 5 months per scale up. Our FTMO Traders having the FTMO Account must respect the market timings. To ensure you will not be stressed by chasing any targets, we have completely removed the Profit Target requirement to give you the freedom to trade I’ve given up on FTMO. Due to the Labor Day holiday in the US, there will be adjustments to the trading hours. They have raw interbank spreads on everything. of FTMO never do that so acted professioaly during it’s 8 years “Anyone offering or entering into leveraged retail forex contracts without registration, or offering or entering into leveraged retail commodity contracts off-exchange, is acting in clear violation of the law. 1% of those who take a challenge pass both stages. Quadrio offices Purkynova 2121/3, 110 00, Welcome to FXGears. cash, US100. 03% with 0 commisions. Later I took a second challenge and I was in the same position, $320 from finishing the first phase. FTMO uses MetaTrader 4, MetaTrader 5, and cTrader. The offered technical solution for the FTMO This past 30 days I tried my 3rd FTMO challenge of the year after starting forex back in April and I just passed the 2nd stage verification. x Our FTMO Challenge is the first step of our Evaluation Process. . Every asset class and its respective instruments might have Welcome to r/FTMO_Forex_Trading! If you're here, chances are you're looking for some tips on how to pass the FTMO. 0 What is the best leverage to go with for 1. That means if you have a $200,000 account, it's possible to trade at a capacity of $2,000,0000. After all, there are many scams and frauds in the trading industry that promise unrealistic returns or charge hidden fees. There's a real mix of opinions out there, some people say FTMO is a great company to trade for as you get to keep a generous portion of the profits and get good leverage, spreads etc. For a new trader, it may be quite difficult to understand trading terms that define units of price change. Reddit has made some changes in their billing for API calls that effect ALL of 3rd party developers that have alternate apps. well honestly, if it happened with FTMO, Funding pips, etc. better off going with FTMO or MFF then finding your personal account that way. Having reviewed trading opportunities offered by the company and reviews posted by FTMO clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews prove that the firm’s clients are However, once you become an FTMO Trader and get an FTMO Account, we require you to close your positions just before the markets close for the weekend or if the rollover (market break) is longer than 2 hours. They've basically undercut FTMO in almost every aspect. The “classic” account allows for a leverage of 1:100, but you are not able to hold trades overnight, over the weekend, or during important news events. Some people like to go with more trusted options. Thats FTMO and also Eightcap EU has 12 but at times it increases to $20 at Eightcap. x lots the leverage is 1:25. Log In / Sign Up; Advertise on FTMO focuses on forex trading with a leverage of up to 1:100, so a $10,000 account can be traded with $1,000,000. The offered technical solution for the FTMO Just take note of the leverage offered on certain challenges/bootcamps. 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. That was a low moment for me. Um Ihren Kontotyp zu ändern, klicken Sie auf die Schaltfläche „Ändern“ in Ihrer Account MetriX. Log In / Sign Up; Advertise on Reddit; Shop Welcome to FXGears. Trust the process and don’t give up. com hosts The charts in TradingView and on the FTMO MT5 platform may have slight differences in terms of price levels and candlestick patterns. Don't take advantage of gaps in the market. So if you make 5 points on 1 trade. com hosts and moderates our chatroom, FTMO reserves the right to take necessary actions like removing conflicting positions, rebalancing the account, reducing leverage, or terminating the account if they identify intentional activities or strategies being repeated on multiple accounts that go against their terms (source: 1). FTMO gives you $100,000 to trade, that has nothing to do with drawdown. Yea FTMO is meant for day traders so if you're looking to swing trade you either got to heavily alter your strategy to accommodate the rules or you gotta look for a new prop firm. 5% and will take ages for the account the compound. The firm offers leverage for forex trading which is set at 1:100 and it cannot go beyond that. , whereas other people say FTMO, like 'all prop firms', make money through people paying for, failing, and repeating their challenge, and those who do pass are well honestly, if it happened with FTMO, Funding pips, etc. I have been told that this lot size is too small. The spread is 0. This review covers account types, leverage, FTMO Challenge rules and more. Welcome to FXGears. US30. I think a post like this is a good opportunity to highlight that the repeated failed tests that people take on FTMO are their main source of income & taking tests until you pass seems to Welcome to FXGears. Log In / Sign Up; Advertise on Reddit; Shop Any reasonable trader must know that achieving 10% or more per month is certainly not easy, even with the maximum leverage of 1:100 that we offer our traders. com's Reddit Forex Trading Community! Some downsides are that the 5ers have lower leverage and an interview process to complete at some stage. of trades), but in 2023, the no. cash will close early at 20:00. They'll trade there normal compounded account with 0. Since FTMO Traders trade with leverage, they must also know the amount of funds they need to have available on their account to open a trade and to hold their position for the required period of time. Bro why you over leverage? I was 45$ away from my 200k and I just put two small ass trades Reply reply Thor50s • • Edited . 3%, is the same as 1:30 leverage. The only caveat is they don't cover NY, Washington, or Hawaii - other than that happy trading folks. You can also convert your account type later on after starting your FTMO FTMO uses MetaTrader 4, MetaTrader 5, and cTrader. They would promise to fund your trading account with any of their chosen brokers (mostly small brokers located in Cyprus), for up to 100 thousand dollars leverage, but only if you first pay them a certain amount of money in advance for a demo. com hosts and moderates our chatroom, Hey guys, Currently I'm doing the FTMO challenge and I got to the profit target. Firstly, I found my Skip to main content. Expand user menu Open settings menu. 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 FTMO developed a unique Evaluation Process for traders, consisting of an FTMO Challenge and a Verification, specifically tailored to discover trading talents. Do people tend to use all the balance in their account and set the stop loss to a sensible amount taking into consideration the max drawdown that is allowed with FTMO being a max of 5% or do people buy 1 lot and use higher leverage? I am just so confused with contracts/lots and stop losses. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! For example I currently trading off my FTMO account stage 2 with 30x leverage on the swing account type, which I thought means that I have 100k x 30 to trade with? But this is I just wanted to know. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! The low leverage and the 50/50 split? Reply reply Ftmo might he the next go seem ok just different targets tge 2% extra might take one or 2 goes however finish the month in FTMO reserves the right to take necessary actions like removing conflicting positions, rebalancing the account, reducing leverage, or terminating the account if they identify intentional activities or strategies being repeated on multiple accounts that go against their terms (source: 1). Here’s a comparison of the leverage provided by FTMO and SurgeTrader prop firms. com, a trading forum run by professional traders. Yes you can leave the Title pretty much explains it all. I inquired with FTMO and they 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. Those are humongous numbers and you can fully take advantage of them and still get to keep up to 90% of the profit. I mainly trade US30 and I think 1:50 the best leverage for me, but when i was searching for other prop firms for indices so i wont be reliant of just 1 prop firm, the leverage of the others are always lower, haven't see any other highier than 1:20. Please explain it like I’m five. So why would I need leverage. Log In / Sign Up; Advertise on Reddit; Shop Collectible Avatars; Get the Welcome to FXGears. If you search for prop firms, most of them are these new ones with bad slippage etc etc. However overall I think it’s my entry parameters that I’ve never changed. Sie können die Umstellung vornehmen, sobald Sie Ihre aktuelle Phase beenden, nicht während Sie aktiv handeln. Some give you 1:10 leverage, some give you 1:30 or 1:100. Sort by: Best. 4 NASDAQ 1. New. FTMO has already created more than 180,000+ FTMO Accounts. 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. They can make you handsome returns once you have the knowledge and understanding how to This is a subreddit for the TV show Leverage and it's revival series Leverage: Redemption. However, the differences between the two should not be significant SMC traders leverage their understanding of these patterns to make informed decisions based on market dynamics. Compared to Bybit where fees are 0. com is a platform that provides traders with the opportunity to trade with real money and potentially join their trading team. Also live account cant buy you a peace of mind since anybody would rather lose their funded account than blow their live account worth of $3. The changes are outlined below: On Monday, 2 Sep 2024:. With 1:10 leverage the most I could trade was 0. That’s a very attractive amount of money, enough to make a very decent living. The difference for a normal account is that the margin requirement is less, since the leverage is higher, set at 1:100 for the normal account users. Best. Additional information about FTMO The Leverage. That's i have a question which is if i do the challenge is leverage applied, i asked the live chat and they said that the normal account has 1:30 leverage so I'm guessing that's a yes?, i need to know because if not then i going to have to change up my plan to pass the challenge im trying for the 10k account and to pass the challenge i need to make 1500 in 4 days so 375/day if i can make I believe this also depends on your leverage but yeah. Their scaling plan of 10%/4 months is more realistic. 000 account) and 30x Leverage, so I risk 1. Here’s a I want to trade on FTMO - max leverage is 1:3 for my symbols. long and short, without any restrictions. If Welcome to FXGears. FTMO will look at their net exposure and adjust it You are confusing drawdown with leverage. Same here. It is kinda horrifying that you don't know how to invest but are ready to drop $100k into Whereas the market orders on ftmo (not all but some) have had insane slippage. I do better on my own accounts for whatever reason. What is leverage, then? In FTMO offers a leverage of up to 1:100. I usually risk 1-2%, but on an A+ setup I might want to risk 4% (5% would be daily drawdown). The Normal account has a bigger leverage since it’s designed for day traders. 5% a trade, I just Leverage. All of them have 20-30% WR with very high RR. FTMO offers maximum leverage of 1:100 on all account types. The Evaluation Program allows you to trade with up to 1:100 leverage while also being able to I held a trade longer than 2 hours after their announced maintanence on metatrader servers and broke the rule, instead of taking my funded account they've switched my account from ftmo normal to ftmo swing so I traded few months on swing, much much better, I loved it, less stress and the leverage was more than enough. On my FTMO account under credentials with the login ID and password it also says platform DXtrade. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Now over 3 years later, I see that FTMO still exists and now they allow crypto alts trading (xrpusd etc) which is nice! 👍🏼 🏼 leverage changes, 3 times less but yea Welcome to r/DayTrading!. Are you asking me what leverage is? Leverage is how much margin is used to enter a trade. notXsmiling • How is your account now ? Reply reply UniversalJS • Trading with my own funds now, not using Prop firms anymore. com's Reddit Forex Trading Community! Here you can converse about trading ideas Skip to main content. The 5%ers is another prop firm I've been eyeing recently. Yes people lose their account mostly by not putting any stop loss in place. You have to be profitable to be able to make money on their For me it don't make sense to trade with a prop firm I'm trading indicies with 200% leverage. At prop trading firms like FTMO, leverage allows traders to control large positions with small capital. As promised yesterday, I applied for a paid challenge to publicly assess the FTMO challenge and resolve once for all all questions about legit or not 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%. Old. With those same parameters. Please read the rules Thanks for the transparency regarding the attempts before you passed. People use FTMO to get around some of the leverage restraints in the US and I don't believe they have restrictions as far as nationality for signing up. Also, FTMO is managing their entire portfolio risk, so in your hypothetical example, there are likely a lot of traders with those positions (not just two) and all those positions offset each other to varying degrees. I just recently got in to forex. FTMO has a dashboard that lists the times that the news will be released. Metals (XAU, XAUG, XPT, XPD) will close early at 20:30. a $1,000 regular account, that the position sizes on the $1,000 account wouldn't be anywhere close to the amount of potential risk you could have. Log In / Sign Up; Advertise on Swing account leverage is limited to 1:30 leverage, meaning that 100,000 units of a currency can be divided by 30 times, to work out the value of margin you need to trade one lot. In this article, we will discuss the difference between Points, Pips, and Ticks. 000 capital and 10. I have traded at FTMO Trial failed one but passed twice. GER40. Plus, I think if you did need that high of leverage for quick scalps, you’d get eaten by the commission anyways. Looking at the top 3 on their monthly leaderboards, this person Kasper was at like 90k by June 3, and $270k June 9. I want dip my toe into an 200k challenge but don’t know any legit prop firms. It's like the people that care about the leverage allowed with CFD "brokers". To understand at what point FTMO will margin call your account, let’s go through the example you provided: Your Trade Example: Pros and cons of any prop firm (FTMO, MFF,) : Pros: If you know how to trade consistently but have low capital, you can leverage your skill to gain access to a relatively large account, thus able to build your equity faster. Currently, I’m way way far in terms of starting a trade of my own. 1% risk and trade-copy to there "dispensable accounts" with 10x multiplier. Even fewer percentage (0. Kann ich auf den Kontotyp Swing wechseln? Ja, das ist möglich. And it's going FTMO & MFF Funded certificates Doing new ones this year follow my journey! u/wannabechampfx ADMIN MOD • The Secret to Passing ANY Funded Challenges using this 3 Step Strategy, sharing the strategy breakdown, the psychology and the thought process when doing a funded challenge. Unterschiede zwischen verschiedenen Kontotypen Obwohl bei unseren FTMO only provides services of simulated trading and educational tools for traders. Top trader has no restrictions except not being able to hold over the weekend. To Compare, the leverage FTMO offers is up to 1:100 (Forex) Mandatory Stop-Loss I believe everyone should use a stop-loss; however, CTI has a special rule for I've seen a lot of FTMO Youtube videos interviewing some of their profitable traders who are making anywhere from maybe 5k - 50k profit split in a month. Practical Definition A Point in a practical definition is a unit [] Welcome to FXGears. I have a FTMO 10k account and the leverage there is 1:50 for indices. I took one of the $2 bootcamps, 1:10 leverage and the initial balance is $5000. Indices are very volatile. 2-0. Please read the rules Sorry OP but that's a dumb question. If you’re looking for brokers with more trading capital look into proprietary firms that give you money to trade with once you’ve been verified. The only issue with them is the leverage which is way too low for my trading style as a day trader. FTMO companies do not act as a broker and do not accept any deposits. I understand the concept that with a 1:100 leverage, for each $1 trade I will operate a $100 position. Find out if FTMO is the right fit for you. On the other hand, the FTMO Swing account allows for these trading activities but with a lower leverage of 1:30. Before you can get your FTMO Account, we need to be sure you can trade responsibly and manage risk properly as, in the 14,880 reviews on. Got to give it to FTMO. Our FTMO Traders having the FTMO Account must respect the Welcome to FXGears. Reply reply simplyrahul6 • Thank you. I over traded and just went in complete denial over the fact that I had just lost a substantial amount. If im risking 20% of my account that means im still risking the money in my account. 10 size lots, then maybe consider scaling up. I can place 3 positions at once with 1:10 leverage, but 99% of the time i only open 1 position. Here’s a comparison of the leverage provided by FTMO and Lux Trading Firm prop firms. A detailed overview and comparison of popular forex prop firms can be found here. General Forex Discussion Share Add a Comment Welcome to FXGears. FTMO is a good example of this Started the Ftmo challenge really well, stage 2 is a different story . Wyckoff, a renowned stock market authority. Breaks and Off-Chart Time: Schedule regular breaks during your trading day to Yes it sucks, and yes you should have good risk management skills to mitigate the risk of it happening, but I found that caring too much usually leads to messing the account up. Is FTMO FTMO provides a decent and “normal” leverage on their accounts. Indices usually gap at market close. So OCCASIONALLY they'll make 20-50% gain on a dispensable account and 2-5% on their FTMO’s Evaluation Program provides traders the opportunity to manage account sizes ranging from $10,000 up to $200,000. 03% spread is basically 0. Normal vs aggressive, (I use normal), swing, and mt5. I cut my lot size in You don’t need 100:1 leverage on a large account size. AutoModerator • Moderator Announcement Read More » It appears this thread is about Prop Firms and Scouting Programs. Labor Day Holiday. 000 x FTMO offers a maximum leverage of 1:100, which means that for every $1 of trading capital, a trader can control up to $100 worth of a trading position. They'll take a payout and some of it is put into a "jar" that goes towards high-leveraged programs. Upon completing the Evaluation Process, traders are offered to enhance their trading skills on an FTMO Account in a demo environment as FTMO Traders with a balance of up to $200,000 in fictitious funds. Funding talent has a challenge now that has NO restrictions and their cut is 80/20 vs ftmo s 70/30. Start FTMO Challenge. You have to pay a fee to take the challenge, fee that is refunded if you pass. Leverage is an American television series which aired on TNT from December 7, 2008, to December 25, 2012. However leverage is very risky and beginners should stay away from it. I have downloaded the cTrader from the FTMO website and I tried to login with the login credentials from my FTMO account but it failed. Our Challenges simulate real-world trading conditions by This serves as a testament, however, of how badly designed the FTMO challenge is. Top. The 2 major drawdown periods are plain and simply my fault. In essence, less than 1 in 100 people who take a paid challenge survive until the first payout and challenge refund. FTMO. Beyond this, they have a great of tokens to trade on leverage (XRP, BTC, ETH, etc) and the benefit of 24/7 live support answered in minutes every time, 365 days a year. 500:1 leverage basically means your able to use any lot size you wish 50:1 leverage your limited in the amount of lot sizes you can use however unregulated brokers if you put lets say 10k into a brokerage they don't have to give you, your money since they aren't regulated on the flipside a regulated broker has to give you, your money At FTMO, we encourage all traders to avoid these unfortunate situations due to the fact that negative weekend gaps statistically occur more often than the other more-pleasant scenario. FTMO is one of the best proprietary trading firms in the financial market with the TU Overall Score of 9. Is that what you were asking?🤷♂️ Also, I downloaded data from Dukascopy and the performance differs greatly, if I only plan to use this for FTMO challenge, there shouldn't be any problem right? Why does Dukascopy data differs massively from FTMO data? I am testing this EA only on one instrument, this EA performed extremely well in 2022 based on the graph (in terms of no. 10 bad trades and you are done. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! For example I currently trading off my FTMO account stage 2 with 30x leverage on the swing account type, which I thought means that I have 100k x 30 to trade with? But this is 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. S client and been profitable for awhile with a 50k account making about 2-5 percent a month . e. My position size is 0. I am a bot, Ich handle derzeit mit der FTMO Challenge oder Verification. Is FTMO legit? You might be wondering if FTMO is legit or not. The high leverage is, the more are the chances of losses. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! FTMO has been in business reliably for over 8 years as a prop and longer as a broker I believe. The real question is do YOU have a consistent and profitable method? That is the real question. Took me an average of 1. Become our next FTMO Trader and work with an initial balance of up to $200,000: https://ftmo. I still think FTMO is a great short term idea. (Apart from FTMO, which is good) You don't get recommended the5ers straight ahead. challenge soon, I tried the 100k demo account and I'm doing good so far (2 weeks in FTMO review: Dive into prop trading opportunities, account features, and more. If a trader is unable to determine how much money he needs to have available to open a trade and how much he is risking on each trade, he will What are you talking about? Ive read tye website and have purchased challenge from them. Margin and leverage are the same thing, expressed in different terms. Why would you want to ask reddit when FTMO has customer support to help you with your questions? Reply reply No matter if you're trading a prop firm or your own money, you can't risk it all I mean you can but you would be an idiot too. If we consider a live execution model, then the chances of negative slippage over positive slippage are 3:1 as positive slippage is less likely to take place I don't think you understood my point on leverage. Margin percentage 3. Step 1 – FTMO Challenge. I just wanted to know if FTMO is still worth it. cash, JP225. 9%) of those survive until the first payout/refund of challenge fee. com hosts FTMO offers two types of accounts: the “classic” FTMO account and the FTMO Swing account. The leverage is only 1:30 instead of Following are the leverages on each asset class: 1:30 for forex pairs (1:100 for the Normal account type), 1:15 for indices (1:50 for the Normal account type), 1:9 for metals (1:30 for the Normal account type) and 1:1 for The leverage we offer is up to 1:100 and cannot be increased. then that just means all prop firms who accept us clients currently, will soon follow suit. FTMO has paid out over $130M in profits to traders on their platform in over 180 countries. FTMO's offering is tailored to cater to the needs of aggressive short-term traders through its maximum leverage of 1:100 and the availability of highly liquid trading assets. For example, if a trader starts trading on the 1st of April, the first Profit Split Day will be available on the 15th of April, and the That account was gone with the help of back 2 back red impact folders getting to my feeling and over leveraging. You’d be risking less then 0. com hosts FTMO only provides services of simulated trading and educational tools for traders. The FTMO rules ensure that traders are disciplined in their approach to the program which will enable them to achieve the best of results through acceptable methods. 300x leverage. FXGears. Like can I risk 20% of my account with Oanda or any US regulated brokers. Wyckoff's work on the Wyckoff Method emphasizes understanding the intentions of "smart money" in the market through price and Wie sehen die Konto-Spezifikationen aus? Die Kontospezifikationen können direkt in der MetaTrader-Plattform eingesehen werden. Step 3 – FTMO Account. FTMO is legit, and I assume they have a lot of very successful traders. The FTMO funded trading program has specific rules that guide the traders in their conduct as well as describe the expectations and the targets that need to be met for traders to complete each stage of the program. You got lucky over a few trades, which is unfortunately how most people pass these things (and then they use their certificates to somehow hold the argument of authority in Can you trade US30 on FTMO ? Prop Firms Share Add a Comment. How much more leverage do you need Hey guys, been a mff then ftmo U. However, traders can also trade 8 metals, 14 cash indices, 4 futures Welcome to FXGears. The true advantage about FTMO is that when you passed the test, you get the refund so it didnt cost you at the end. 0. 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. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I just found out about the 2minutes before/after rule with trading the news for FTMO. The leverage provided by the prop firm may be an important factor when choosing it. However, before you can do that, you need to pass their challenge. No news rules, no weekend rules, smaller target, cheaper price. Additionally, you need close any open positions on the pair it'll effect . Enhance your skills with Modern Prop Trading Firm. (More manageable to do this on FTMO Swing accounts, as you cannot hold positions overnight with normal daytrading accounts (100 x leverage ones) Ah! Theres another piece of advice ^ Don’t use 75 x Leverage, just because you are given it. ' Who on earth is telling you that 1/2 lot is too And honestly, account leverage doesn’t mean that much if your risk management is on point and you risk only a small fraction of your account each trade. Across 3 different prop firms. In a weird way, when I treat my FTMO accounts and personal FTMO is one of the leading firms in the forex prop trading space with over 6000 new members joining in 2020. Leverage: Redemption is a In a nutshell: FTMO is an exciting top-notch proprietary trading firm loved by thousands of seasoned traders. seandon2020 • 'I am using 1 lot and 2 being the maximum. But your Mac lot dude is about 1. The aim is to identify talented traders who are profitable and can efficiently manage risk throughout the two-step evaluation period. Leverage allows you to trade with more money than you have on your account. The Swing account type has leverage set as up to 1:30. Very beautiful effort by you. Trustpilot FTMO Awards. If I want to risk 20% of my account would I need a high leverage account to be able to do this?. Technically a risk-free trade but it's essentially gambling which FTMO is cracking down on. With a prop firm the leverage is low there for you loose 5 trades in a row you are down but traders love to overleverafe so if they loose 3 trades in a Swing account is 30x instead of 100x leverage. There seems to be a very critical lack of understanding leverage and risk here. 2-Step Challenge Leverage: The leverage is 1:33 for Forex, while for Commodities and Indices, the leverage is 1:10. Because forex trading is much more than just buying and selling Ftmo has a lot of restrictive rules but they give you a healthy amount of capital. Utilize the Golf Clash Discord for questions and chatter. Understanding the Mechanisms of FTMO Challenge . Here’s a comparison of the leverage provided by FTMO and ToptTier Trader prop firms. cTrader, there's a strong array of instruments to choose from, and same leverage options etc, i can very well imagine There's a real mix of opinions out there, some people say FTMO is a great company to trade for as you get to keep a generous portion of the profits and get good leverage, spreads etc. I think I read somewhere that FTMO paid out 25 million last year to traders. Do you really need $20M (100k*200)in buying power to risk $1000 per trade? I say no. They just seem to offer a better deal overall. Sometimes I’ll have to open bigger positions and I can’t do that with that leverage. Vielleicht ist eine Antwort für Sie dabei. r/Forex A chip A close button. comAt FTMO, we make sure to accommodate all types of traders. Profit Split Rules in FTMO. For beginner advice, brokerage info, book recommendations, and more, please read our Wiki here. Margin Requirement: For XAU/USD, the margin requirement is 3. Too much risk of ruin. With this 1 contract is now = 3, and it's 150$ a point. 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. The offered technical solution for the FTMO Got the swing account with 1:30 leverage just to trade news, if this is the case, guess it's not worth getting swing account, and better to get Skip to main content. Your stop loss is likely to be hit more often than not. They punish the traders who keep the trades breathe Reply reply holycarrots • This isn't true for FTMO. com hosts and moderates our chatroom, FTMO does not offer or provide services to users in your country. 1% is 1% I used ftmo n mff support, and discover ways to help a friend or loved one who may be a victim of a scam. Calculating the Margin Call. I used to commented on youtube about how bad the slippage and spread was on MFF so I used FTMO even though FTMO is harder. 5k Welcome to FXGears. If I have just bought an FTMO challenge and I got my FTMO challenge login credentials from the clients panel. Our trading challenges provide virtual funds ranging from $10k to $200k, allowing you to practice and learn in a risk-free environment. Here’s a comparison of the leverage provided by E8 Markets and FTMO prop firms. Damn thinking back I was smart af. When you start the challenge you select amount. 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. However, once you become an FTMO Trader and get an FTMO Account, we require you to close your positions just before the markets close for the weekend or if the rollover (market break) is longer than 2 hours. Seems like the most reasonable approach for me. What is FTMO’s leverage? Based on the web search results, it seems like FTMO’s leverage is set at 1:100. Prop Firms Hey everyone, i started frmo about a month ago, it took me about 2 weeks to pass the first challenge, last week I started the second phase of the challenge and the whole time I've just been in loss, I've been trying to trade in a disciplined manner and haven't been risking more than .
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