10 percent a month is very realistic, i reached 10 percent in 1 week risking 1% per position. targeting 1-3 RR. .It all comes down to your strategy and the statistics behind it, and also your rate of execution,
Thank you so much I made over 40k only risking 1 percent last month. I ran my other live accounts as well! I’m in the process of quitting my normal job! Thank you!!
Nice video. One other option to consider / add in is there are other prop firms with different models like 5ers /CTI. They double your accout for every 10-12% you make. The accounts are much lower leverage but after watching your video I realised that in terms of compounding (not profit widthdrawl) if you make 5% it is like making 50%. Focus on trading them for long term profit, the scaling ends at $2-3Mil. I think that will be faster than adding to and compounding your own account but you can do that as well.
love your content Matt, i am currently at the beginning of my first ever funded acc with mff (phase 1) with exactly what youve just explained in mind, i already had my mind on using funding accounts to fund my personal acc so its great to see an explanation into the possible numbers & times etc. once ive achieved the first acc, ill use the refund to get the next, and repeat that process until i have max amounts on mff and ftmo (shout out to copy trade tools lol) thats the plan! thanks for putting in the time bro. love it
Been far too emotional over the past few months, but my backtesting has now helped me believe in my strategy and gain enough confidence, I. Now in phase 1 of another challenge and am 4% up. 17 days left
Got a 100k mff account, but have found the markets to be far too manipulated for my liking. So sitting back and waiting for normal price action to resume👍🏼
if you just pass two 200k challanges you will have 400k AUM , if you make only 4% monthly you will never have to work for anyone ever again, that if you traded pro mood
Hi Matt, another really good and Eye opening video! Do you have a downloadable spreadsheet available so I could play around with the figures in order to come up with a good trading plan? Thanks, John
Fantastic video! I'm really happy with your content. I like everything your puting out recently. keep going great job. If I had to choose what sort of content that like to see is: What sort of Leverage would you be using in your personal account ( important to know for lowering your cost basis day-to-day operations ) A video on leveraging a lot of people are scared of this topic. But if you've done it for many years it shouldn't bother you. You should be disciplined enough to be able to handle it. But I'd like to see what's new out there? What people are doing these days... thank you again👍
Great vid thanks. But, you are missing some massive gains by taking out the tax way too early. Trade it in your personal account (not actually personal acc but just another business acc) until the tax year end........THEN take out the tax & pay it immediately. :)
One thing I know now as a funded trader is that trading other people's money is way better than your own account. It lessens the risk, you get bigger account. You also get the power of scaling plan. You won't be needing a personal account at all.
Nice breakdown Matt. Imagine you have 3X 100K FTMO account. Imagine again if you are married and also have 3X 100K on your wife's name.. Am I getting greedy? :) I love your videos Matt. Keep it up!
yeah great idea. Trade copier is easy enough to use but can be quite expensive the more accounts you add but it's a small payoff for if you have loads of accounts
Not sure how and went the tax is paid. I know your pay 19% corp then the rest based on income etc from previous vids, but I don’t understand how the ltd works. By this I mean on your example of making 10k ftmo you take away around the 3k mark, is this amount in the clear at this point as your money?
The tax is paid at the end of the accounting period but in this example, I would be putting the predicted tax liability into a separate account so it's separate from your workable cash and ready when due. Re: overall liability, it would depend on your earnings personally. The 35% is an indicative figure to use as an example, taking into account the UK national average wage and also some people who may be nearer the student end and not specifying and ltd or sole trader. But all of these figures are to give an idea/illustration, you'd need to insert your own liabilities in to find the exact figures for you. These figures wouldn't be including personal tax on the personal account as mentioned in the video, as this is where things can vary massively from individual to individual
This was a very beneficial video, I must also ask, where can I listen to the instrumental for your videos? It’s too relaxing for me to not get a hold of it
Hey Matt I want to ask you what forex broker you are using. I have been searching on the internet for a good forex broker but there are millions of them and I can't really decide.
A fellow UK trader! I'm wondering what your thoughts are on spread betting for a personal account. I was thinking that could be much more tax efficient for traders on a personal account to secure all profits?
Any guidance on simple charting? I was planning to apply stock market indicators for Forex, would it work? keeping it simple would be nice, set 1:2r and let it go.
Hi Matt, great video. Very motivating :) so essentially this can be done in 3 months with a 400k FTMO account! Just curious as to why you didn't include that? Most can't handle the emotions of a bigger account?
Thanks Cian! Yeah I mean essentially it depends on where people are in their journey and this is more of a 'realistic' overview rather than a 'best case scenario' one if that makes sense
Hi. Just discovered you. Why 35% to pay in tax? I’m in the Uk, as well. I was reading you can pay yourself a salary out of profits and include all costs to run the “business”. What do you think about that?
35% is just an indicative figure depending on how people are structured and also what their personal situation is. It could be higher or could be lower but just wanted to give a figure so I wasn't quoting dream figures, without factoring in any deductions whatsoever as it would be misleading. And with the salary point, sure, you can do that, you will be eligible to pay Employers NI on your payments that way, as well as paying personal NI and then standard personal income tax. Your choice though! And really for this you need to go to a chartered accountant that can advise you on the best way of structuring yourself so as both them and you are happy. I'm not a qualified advisor or anything so best to speak to the pro's!
loool , quick question . cause i want things to be clear . I just passed the challenge ( ftmo ) got 5 days left of the verification . but once funded what cant you actually do . 1. you cant trade over the weekends ? 2. you cant open or close a trade 2 minutes before or after news . but if your in the trade already you can hold it but you can exit the trade within the time period ?
Correct - and of course the closing of a trade in the period includes hitting a TP or SL. So nothing can happen in that window. You can't hold over weekends in general but you can email them to ask to hold over the weekend. But all requests need to be requested by Wednesday afternoon and there's no guarantee they'll permit it.
@@MatttoMillion that's harsh, Say you've been in a trade for like 2 days and then news hits and spikes price up to your take profit in under 2 mins. but it was a set and forget trade. You'd be penalized?
But congrats man, I'm on my verification as well, 6 days left until i get funded. I've already hit my 5k profit target so im gonna open up .01 lots everyday till i pass.
Keep in mind: If you're able to make 5-10% a month on an ftmo, you can definitely work your way up to managing the full 400k USD. That would speed up the process of leaving your job and increasing your personal capital massively.
The tax is an indicative figure just for the example. It's an average figure depending on peoples working situation and circumstances, it could be more or less. Though as mentioned this figure is based on tax on the FTMO earnings, not you're personal account. As your personal account will be very dependent on personal circumstance and type of account. And as you say, depending on your situation the soreadbetting account may work best for you for the personal
Nice content but u repeat few stuffs to many times im sure u can decrease the speech. And its hard for ppl who not understand englisch verywell listen to a 22min vid without monitor recorded. It makes alot easier to understand while watching not only listening. Gl!
Yeah fair comments - will take that on board! 🙏 I'm not sure if I can edit the video with visuals once posted but if I can I will. Thanks for commenting 🙌
Hi Matt great video, would you pay the 35% tax before transferring it to your personal account? Trying to do the numbers myself. I assume this is based on being a ltd company? Subscribed and enjoying your content 👍
Hi Sean, have replied to you insta but for anyone reading, no you would pay the tax at the end of the accounting period but whenever the money is earned, I'd calculate an estimate tax figure off of it and ringfence it in a separate account so I know the money left is a net amount
Yes, but add to that new fees to FTMO after they kick you out due to some stupid rule. Also, if you get enough capital from somewhere else you can quit your job on day 1 if the system is good enough. The max on Prop Trader is 500k USD with less rules. Then get an offshore company somewhere with zero income tax and you're free.
Hi did I miss something or maybe something I am not aware of, plz enlighten me. When u take the ftmo challenge, they give the target of 5% in month and I see people achieving it in 5 days odd..I am also building up on a strategy to get 1-2% daily. Compounding it for 22 days in a month will be above 10%. Then y r u saying that achieving 10% monthly is not realistic.
Amazing video, thanks for the great content, I'm hoping to take my first FTMO challenge sometime this year so will definitely come back to your videos for more tips!
I wish i had proper risk management i rushed the process and tried ti get rich quick and it backfired in return blowing my 5k account. I wasnt happy with just few 100 a day i wanted few thousands. Massive lesson learnt on route to trying the ftmo challenge now .
Exactly - nothing happened to it. Didn't take a year and a half though; don't even bother setting targets any more, just take what I see and leave the rest to it.
If using FTMO profits to fund and compound a personal, and not having a 9-5 and instead (UK like yourself) being self employed, I get you pay tax on the FTMO money as essentially they’re paying you for a ‘service’. However, say you then take some of that money to live on and the rest you put into this personal to compound (and not withdraw). Would you also pay tax on the profits made over the tax year on that personal account on top of what FTMO are ‘paying you’? Love the vids and would appreciate the help as can’t find the answer to this online anywhere it seems!😅
The main question Matt is which broker you would trust 75k from your own money? Check history how easily they disappear, and if they are FCA regulated, then have fun to get back your protected money :) ...
I've used IG for 12 years and never had any issues with any account balance or withdrawals. The 85k per institution coverage in the UK is the same with banks too. But I agree, there are plenty of bad brokers out there and you need to do your research and be smart with how you look after your capital. People that go leverage hunting or try and look for utterly flat spreads on all instruments are usually the people that will end up with 'new' brokerages that fall to pieces. But for me, 12 years of solid service doesn't have me worrying! Especially when they've just posted their best revenues to date.
@@MatttoMillion Hi Matt, what i use is , diversification on the portfolio to different brokers. So if one fail, then not all your capital is gone . And you can use a trade copier software to make all the same trades .
I mean let's be frank, 95% of people will fail and quit after a few attempts within year one. Most people are better off not trading ever, ignoring people who are successful at it and just regularly investing into an index fund for sure.
Thank you for the video, agree with the video 100%, I am glad I look at Forex as a long-term business and not get rich in 6 months. Could you make a video on how to learn fundamentals? I am good with technical analysis but I don't even know where to start with Fundamentals. Subscribed!
Hey guys! Comment below with WHAT YOU WOULD LIKE TO SEE NEXT?! 💥💥
i really need to trade and leave my 9-5 job
i am in South Africa, i tried trading and people just scammed me even on bitcoin, but i want to give it a try again with your help and guidance
10 percent a month is very realistic, i reached 10 percent in 1 week risking 1% per position. targeting 1-3 RR. .It all comes down to your strategy and the statistics behind it, and also your rate of execution,
Instablaster
Thank you so much I made over 40k only risking 1 percent last month. I ran my other live accounts as well! I’m in the process of quitting my normal job! Thank you!!
Amazing performance - well done!
And how’s your account going today?😢
Agree, not an easy task, but can be done. Working on the same route myself and having the belief that it can be done is so important
Amen 🙌 best of luck with it 🔥
wow direct to the topics without wasting any time.
Glad you enjoyed it 👊🏻👊🏻
I never thought about compounding a personal account in such way..man you opened my eyes
🙏🙏
Is all about mindset and numbers, psychological limits etc,
Absolutely 🙌
i'd recommend you start using board/presentation for your videos to make evrything visual and clear
Yeah good shout - will take that on board 🙏
Or a powerpoint presentation on the computer. Any means of visually seeing the numbers would help greatly.
I had luck to trade demo since I. was 10 yrs. old... so I was able to live from ftmo from my 19th birthday ^^
Massive head start!
Nice video. One other option to consider / add in is there are other prop firms with different models like 5ers /CTI.
They double your accout for every 10-12% you make. The accounts are much lower leverage but after watching your video I realised that in terms of compounding (not profit widthdrawl) if you make 5% it is like making 50%. Focus on trading them for long term profit, the scaling ends at $2-3Mil. I think that will be faster than adding to and compounding your own account but you can do that as well.
Thanks Zafar 🙏 Yeah am aiming to try out a few different prop firms this year and will maybe do a revised version!
fantastic video Matt. Probably you best video ive seen 💪
Thank you - appreciate it 🙏🏻
Thanks a lot bro, was wondering what app is this #used to calculate the compounding. great video.
Thanks man! No app - you can just search one of many online to work out compounding possibilities etc. 👊🏻
love your content Matt, i am currently at the beginning of my first ever funded acc with mff (phase 1) with exactly what youve just explained in mind, i already had my mind on using funding accounts to fund my personal acc so its great to see an explanation into the possible numbers & times etc. once ive achieved the first acc, ill use the refund to get the next, and repeat that process until i have max amounts on mff and ftmo (shout out to copy trade tools lol) thats the plan! thanks for putting in the time bro. love it
Ah nice! Hoping all your trading is going well bro and you have a strong end to the year 🙏
Hows it going?
Been far too emotional over the past few months, but my backtesting has now helped me believe in my strategy and gain enough confidence, I. Now in phase 1 of another challenge and am 4% up. 17 days left
@@giani_c any updates?
Got a 100k mff account, but have found the markets to be far too manipulated for my liking. So sitting back and waiting for normal price action to resume👍🏼
I did think of this but I love the way you broadened the picture.Great vid great explanations and examples man.Keep them vids coming.
Glad you liked it!
Great stuff bro. Thanks.
Glad you enjoyed it 👊🏻👊🏻
I've been waiting for this video the whole night.
🙏🙏 Matt you always dropping value
Glad you're enjoying the content - always appreciate your support 🙏🙌
Excellent video, This was my plan from. Being quite consistent recently so need to keep this up before I do the challenge.
Nice man 🙌
Do you trade with multiple prop firms at the same time with the same strategy? This method would then be accelerated.
You just got a new subscriber and a like , great job Matt
Awesome, thank you!
Very informative video as always, your channel is underrated - you’ll gain many more followers this year with content like this 👏
Thanks Jamie - really appreciate it 🙏 let's see!
if you just pass two 200k challanges you will have 400k AUM , if you make only 4% monthly you will never have to work for anyone ever again, that if you traded pro mood
Yep for sure!
Awesome info! I'm in!
🙌
Hi Matt, another really good and Eye opening video! Do you have a downloadable spreadsheet available so I could play around with the figures in order to come up with a good trading plan? Thanks, John
Thanks John 🙏 yeah you can find them online but I can dig out a link!
@@MatttoMillion Hi Matt, if you do have time to find a link for me, that would be brilliant. Thanks, John
Great video 👍
Thank you 🙏
Really liked this video and they way you explained everything 🙌🏻
Thanks Christopher! Appreciate your comment 🙏
Excellent video - thanks Matt
Thanks Raj 🙏
Thanks for the vid Matt!
Thanks Lenzo!
Fantastic video
Thanks Steve 🙏
Hey Matt, Great video as always! Where can i find a copy trader for my personally account to copy my FTMO account?
try out socialtradertools - i use them and they work pretty good
I use social trader tools but I've heard good things from Bluefx too
Extremely informative video. The astounding amount of detail you went into is hard to find anywhere. Thank you for this, keep it up!
Thank you! Glad you got something from it!
Fantastic video!
I'm really happy with your content.
I like everything your puting out recently.
keep going great job.
If I had to choose what sort of content that like to see is:
What sort of Leverage would you be using in your personal account
( important to know for lowering your cost basis day-to-day operations )
A video on leveraging a lot of people are scared of this topic.
But if you've done it for many years it shouldn't bother you.
You should be disciplined enough to be able to handle it. But I'd like to see what's new out there?
What people are doing these days... thank you again👍
Thank you 🙏 Great suggestions and taken on board!
Great video. What trade copier do you use with your ftmo account thanks !
Thanks Chris! I use Social Trader Tools
What is the list of brokers that ftmo gives you after you pass the test?
FTMO uses their own
Great vid thanks. But, you are missing some massive gains by taking out the tax way too early. Trade it in your personal account (not actually personal acc but just another business acc) until the tax year end........THEN take out the tax & pay it immediately. :)
Thank you! Yeah, I'm always just overly cautious when it comes to tax!
@@MatttoMillion It's not due until year end, so make it work for you until then. :)
One thing I know now as a funded trader is that trading other people's money is way better than your own account. It lessens the risk, you get bigger account. You also get the power of scaling plan. You won't be needing a personal account at all.
That's great Christian. Find what works for you and stick to it 💪
Awesome content. Thanks bro
Thanks man - really appreciate it 🙏
Very good points raised!
Thanks man 🙏
You have put so much work in your video, salute🙏🏽🙏🏽🙏🏽 thank you
Thanks a lot - appreciate the acknowledgement 🙏🙏
Will you do the funding talent challenge now it’s open?
Yeah I will - I'm in the process of moving house, so will likely start once I'm in the new place
@@MatttoMillion good luck with the move
🙏
Nice breakdown Matt. Imagine you have 3X 100K FTMO account. Imagine again if you are married and also have 3X 100K on your wife's name.. Am I getting greedy? :) I love your videos Matt. Keep it up!
Haha the possibilities are almost endless 🙌
There’s trader central fund, funding Talent and other funds no need to make an account under someone else’s name
@@samirorange83 what’s the 3rd firm you listed can’t find the link?
🤣🤣🤣🤣
Does FTMO operate solely on the Forex Markets? Or is there a US Stock market option as well?
No there's stock options as well
@@MatttoMillion
Stocks? Or stock options?
@@brandenwellington1035 sorry *stocks, not stock options. The majority are US Bluechip, with a couple of EU thrown in too.
Great video as usual
Thank you - really appreciate it 🙏
What's ur opinion on using multiple prop firms once ur consistent? Is it easy to use a trade copier for multiple firms?
yeah great idea. Trade copier is easy enough to use but can be quite expensive the more accounts you add but it's a small payoff for if you have loads of accounts
What brokers can we use in the uk , that’s trustworthy
Depends if you're looking for higher leverage and if you're happy with the broker being regulated in Australia VS UK for example
Hi Matt, I still can't find a link online for the spread sheet you use on your video. Can you help? Thanks, John
Use this one www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php
@@MatttoMillion Brilliant, Thanks Matt
lovely video mate! Can you post the spreadsheet so we can play around with the figures? Thanks!
Thanks George! Yeah sure
do you have a discrod community?
I don't - potentially will create a small one in the future
Amazing stuff. Thank you Matt. Appreciate you 🙏🏾🙏🏾
Thanks Taffie - always appreciate the support 🙏
Not sure how and went the tax is paid. I know your pay 19% corp then the rest based on income etc from previous vids, but I don’t understand how the ltd works. By this I mean on your example of making 10k ftmo you take away around the 3k mark, is this amount in the clear at this point as your money?
The tax is paid at the end of the accounting period but in this example, I would be putting the predicted tax liability into a separate account so it's separate from your workable cash and ready when due.
Re: overall liability, it would depend on your earnings personally. The 35% is an indicative figure to use as an example, taking into account the UK national average wage and also some people who may be nearer the student end and not specifying and ltd or sole trader. But all of these figures are to give an idea/illustration, you'd need to insert your own liabilities in to find the exact figures for you.
These figures wouldn't be including personal tax on the personal account as mentioned in the video, as this is where things can vary massively from individual to individual
@@MatttoMillion thank you
Is a $12k personal account with good risk management in a year can I be jobless and full focus on my trading?
Depends on your average return and how much you'd want to earn but it's possible for sure
Inspiring! Thanks.
🙏🙏
This was a very beneficial video, I must also ask, where can I listen to the instrumental for your videos? It’s too relaxing for me to not get a hold of it
Thank you 🙏 the track was actually made by a friend of mine for me for the channel! I'll get his Spotify channel for you
Hey Matt I want to ask you what forex broker you are using. I have been searching on the internet for a good forex broker but there are millions of them and I can't really decide.
For personal I use IG & Cityindex mainly
Have funded talent started or launched the challenge model account!??
Yep, it's launched now. Go onto the live chat on their website and they give you the link
@@MatttoMillionthanks! interesting to hear, it's time for some serious business
Great vid
Thanks Derek 🙏
It’s a numbers game 💯💯
👊
This is a fantastic video Matt, keep creating content, and thank you for being so genuine and transparent. Have a good rest of your weekend. :)
Thanks Soma! Really appreciate it 🙏
A fellow UK trader! I'm wondering what your thoughts are on spread betting for a personal account. I was thinking that could be much more tax efficient for traders on a personal account to secure all profits?
Nice! Yeah soreadbetting is a good option too. I do have a spreadbetting account. Definitely the least complicated place to start in the UK imo
@@MatttoMillion Thanks! Will look into adding compounding to my growth plan! 👍🏾
The problem is the 10% , just too hard to do
Yep sure is - that's why I added the lower return scenarios for balance too
@@MatttoMillion yes , i loved your video by the way i didn’t precise it sorry !
Any guidance on simple charting? I was planning to apply stock market indicators for Forex, would it work? keeping it simple would be nice, set 1:2r and let it go.
Hi Matt, great video. Very motivating
:) so essentially this can be done in 3 months with a 400k FTMO account! Just curious as to why you didn't include that? Most can't handle the emotions of a bigger account?
Thanks Cian! Yeah I mean essentially it depends on where people are in their journey and this is more of a 'realistic' overview rather than a 'best case scenario' one if that makes sense
I live in Mexico and with 20k/30k usd a year I would live happily.
Ah muy bien. Con suerte, hablo un poco espanol 😉 Cual es el salario promedio en mexico?
@@MatttoMillion promedio unos 350-400 usd al mes o 7000-8,000 mxn.
Hi. Just discovered you. Why 35% to pay in tax? I’m in the Uk, as well. I was reading you can pay yourself a salary out of profits and include all costs to run the “business”. What do you think about that?
35% is just an indicative figure depending on how people are structured and also what their personal situation is. It could be higher or could be lower but just wanted to give a figure so I wasn't quoting dream figures, without factoring in any deductions whatsoever as it would be misleading.
And with the salary point, sure, you can do that, you will be eligible to pay Employers NI on your payments that way, as well as paying personal NI and then standard personal income tax.
Your choice though! And really for this you need to go to a chartered accountant that can advise you on the best way of structuring yourself so as both them and you are happy. I'm not a qualified advisor or anything so best to speak to the pro's!
i honestly didn't think of it like this
Glad it gave an alternate point of view 🙏
Does FTMO rake out the taxes or that’s up to you?
Up to you!
loool , quick question . cause i want things to be clear . I just passed the challenge ( ftmo ) got 5 days left of the verification . but once funded what cant you actually do .
1. you cant trade over the weekends ?
2. you cant open or close a trade 2 minutes before or after news . but if your in the trade already you can hold it but you can exit the trade within the time period ?
Correct - and of course the closing of a trade in the period includes hitting a TP or SL. So nothing can happen in that window.
You can't hold over weekends in general but you can email them to ask to hold over the weekend. But all requests need to be requested by Wednesday afternoon and there's no guarantee they'll permit it.
@@MatttoMillion that's harsh, Say you've been in a trade for like 2 days and then news hits and spikes price up to your take profit in under 2 mins. but it was a set and forget trade. You'd be penalized?
But congrats man, I'm on my verification as well, 6 days left until i get funded. I've already hit my 5k profit target so im gonna open up .01 lots everyday till i pass.
@@deesylva4161 swear nice im 3 days away on my verification part ... message me on instagram @pbfx_ or @godal.trading my new insta
Keep in mind: If you're able to make 5-10% a month on an ftmo, you can definitely work your way up to managing the full 400k USD. That would speed up the process of leaving your job and increasing your personal capital massively.
Yep - for sure!
As I am retired @ 66. I am assuming I would still not have to pay national insurance on profit split from FTMO just tax?
Why 35% for tax and what about a spread betting account in the UK as that would be tax-free.
The tax is an indicative figure just for the example. It's an average figure depending on peoples working situation and circumstances, it could be more or less.
Though as mentioned this figure is based on tax on the FTMO earnings, not you're personal account. As your personal account will be very dependent on personal circumstance and type of account.
And as you say, depending on your situation the soreadbetting account may work best for you for the personal
Great educational video! Keep it up, would it be possible to add calculations on the screen to make it a lot easier
Thanks a lot 🙏 I'm not sure if I can now it's posted but I'm going to check. If I can, I will 🙌
i have a question... to obtain the 100k account you have to accomplish the 100k challenge right?
10% in the first 20 trading days, then 5% in the following 40 trading days
Nice content but u repeat few stuffs to many times im sure u can decrease the speech.
And its hard for ppl who not understand englisch verywell listen to a 22min vid without monitor recorded. It makes alot easier to understand while watching not only listening. Gl!
Yeah fair comments - will take that on board! 🙏 I'm not sure if I can edit the video with visuals once posted but if I can I will. Thanks for commenting 🙌
@@MatttoMillion ps. Im a supporter! And i like ur vids. Also u got potential to go far with your channel!
The taxes!!! The taxes thanks Matt!
Nice video Matt! I think getting the 300,000k and trying to average 5% over the year sounds quite feasible.
Absolutely! And any more is a nice bonus 😉
First viewer!
🙌🙌
When you say personal do you mean your own bank
My best mate done it, made 20k in a month and quit
Nice!👌
Hi Matt great video, would you pay the 35% tax before transferring it to your personal account? Trying to do the numbers myself. I assume this is based on being a ltd company? Subscribed and enjoying your content 👍
Hi Sean, have replied to you insta but for anyone reading, no you would pay the tax at the end of the accounting period but whenever the money is earned, I'd calculate an estimate tax figure off of it and ringfence it in a separate account so I know the money left is a net amount
@@MatttoMillion brilliant thanks Matt. Great content 👍subscribed
Yes, but add to that new fees to FTMO after they kick you out due to some stupid rule. Also, if you get enough capital from somewhere else you can quit your job on day 1 if the system is good enough. The max on Prop Trader is 500k USD with less rules. Then get an offshore company somewhere with zero income tax and you're free.
Nice - I've never looked into prop trader. Will check them out!
I think i will do that very likely!!!b.....y %45 tax in uk!!!!!!!??? Its a nasty joke!!!!!!!!!!!!!!
The website is for
The broker is called prop trader
How realistic is average +10% a month...?
It's possible
Yeah realistic for sure. Not from the get go but definitely obtainable with experience
Hi did I miss something or maybe something I am not aware of, plz enlighten me. When u take the ftmo challenge, they give the target of 5% in month and I see people achieving it in 5 days odd..I am also building up on a strategy to get 1-2% daily. Compounding it for 22 days in a month will be above 10%. Then y r u saying that achieving 10% monthly is not realistic.
It is realistic but a lot of people believe it's extremely difficult, so felt it's important to show results even with lower average results
FTMO now allows 400k accounts.
Amen!
My goal!!!
Amazing video, thanks for the great content, I'm hoping to take my first FTMO challenge sometime this year so will definitely come back to your videos for more tips!
Thanks a lot 🙏 Exciting times ahead. Best of luck with it!
You need to make a telegram group bro, with your trade set ups and ideas
Yeah quite a few have requested it - looking into discord too
@@MatttoMillion okay bro look forward to it
GREAT
🙏
I wish i had proper risk management i rushed the process and tried ti get rich quick and it backfired in return blowing my 5k account. I wasnt happy with just few 100 a day i wanted few thousands. Massive lesson learnt on route to trying the ftmo challenge now .
Ah man, well live and learn I guess - best of luck with the challenge! The losses usually make you a better trader in the long term 🙏
What happened to your "8-10% per week" claimed in your first videos mate? It took you half a year to realize that it was not achievable.
Exactly - nothing happened to it. Didn't take a year and a half though; don't even bother setting targets any more, just take what I see and leave the rest to it.
@@MatttoMillion What made you think that was possible in the first place? Just asking.
Helllpppo!!!!
Teach me how to make 10% per month!!!
haha - 3.5% is still solid!
@@MatttoMillion OK I agree with 3,5%, when you planning to start the course!?
Quality video mate! Awesome quality and very informative and motivating! Sub from me 👍
Amazing - thanks Subhan - appreciate the support 🙏
If using FTMO profits to fund and compound a personal, and not having a 9-5 and instead (UK like yourself) being self employed, I get you pay tax on the FTMO money as essentially they’re paying you for a ‘service’.
However, say you then take some of that money to live on and the rest you put into this personal to compound (and not withdraw). Would you also pay tax on the profits made over the tax year on that personal account on top of what FTMO are ‘paying you’?
Love the vids and would appreciate the help as can’t find the answer to this online anywhere it seems!😅
The main question Matt is which broker you would trust 75k from your own money? Check history how easily they disappear, and if they are FCA regulated, then have fun to get back your protected money :) ...
I've used IG for 12 years and never had any issues with any account balance or withdrawals. The 85k per institution coverage in the UK is the same with banks too. But I agree, there are plenty of bad brokers out there and you need to do your research and be smart with how you look after your capital. People that go leverage hunting or try and look for utterly flat spreads on all instruments are usually the people that will end up with 'new' brokerages that fall to pieces.
But for me, 12 years of solid service doesn't have me worrying! Especially when they've just posted their best revenues to date.
@@MatttoMillion Hi Matt, what i use is , diversification on the portfolio to different brokers. So if one fail, then not all your capital is gone . And you can use a trade copier software to make all the same trades .
I do almost monthly a 10-50% gaiin lol... my best month was 100% almost
Epic performance!
I’m about to purchase a $50,000 challenge . Any advice?
I can make 10% easily but I'm so greedy I have small account everytime I try to flip my account .......
Yeah that usually ends in tears 😂
10:34 This plan is impossible in the course of 5-10 years
I mean let's be frank, 95% of people will fail and quit after a few attempts within year one. Most people are better off not trading ever, ignoring people who are successful at it and just regularly investing into an index fund for sure.
People don't understand forex is marathon not a race!
Absolutely!
Just h......ttteee the tax thing!!!!extortion for nothing!!!!!
It's hard processing the return!
Basically don't buy the lambo 🤣😂🤣😂
haha absolutely!
9-5? Man, I've got an 8-8, haha
Haha ain't that the truth! The working world has gone bonkers!
thanks for slowing down your speaking XD
Haha I did make an effort to - fingers crossed I can get it to a consistently good level for all!
This video is way too long.
Thanks for the feedback Timothy - noted.
Thank you for the video, agree with the video 100%, I am glad I look at Forex as a long-term business and not get rich in 6 months.
Could you make a video on how to learn fundamentals? I am good with technical analysis but I don't even know where to start with Fundamentals.
Subscribed!
Thanks Javier 🙏 I don't actually trade fundamentals in terms of day trading, only on investing but can do one on that for sure!