You are right! We made a mistake in postproduction, apologies for that. Here is the correct chart with the EUR/USD and GBP/USD correlation. www.tradingview.com/x/Ds71CaWT/
I lost my first FTMO 100k Challenge last week. I believe I had good risk management, and I respected my plan. I just feel I was a bit emotional, and forced some trades that even got me more emotional. I accept my loss and move on, I will be funded before 2021. I need to work on my emotions and keepin it simple.
FTMO Funding For Serious Traders definitely. I’m studying all over again, demo trading one month or two more, and backtesting hard. I will overcome everything. Thank you guys.
Correlated pairs has happened to me in the past. I don’t split the risk, I will just pick one pair with the best set up or the one that moves better if the set ups are the same.
sometimes, I enter on correlated pairs, I will divide the risk per trade among the correlated pairs that I will enter together, this way makes more sense, thanks for that
While I don’t experience martin gale and no stops I sometimes scale in and listen to others and multi position on correlated pairs. Correlated pairs is also now reduced. Just somehow it reduced when realizing you can do well with just one or two pairs. Only scaling into losers sometimes is hard to overcome and stop listen to others.
I have a psychology problem that I bet a lot of other people have a problem with too. when the market moves against me I often believe a reversal is coming and I continue to either hold or I make more trades going in the wrong direction.Why wont my brain let go of the prediction of the movement? why cant I recognize the shift AND that I was WRONG??
Hello Shane, unfortunately, we are not that quick to answer! You can try implementing hard set Stop Losses from the start of the position so you never lose more than you are willing to. If you keep on making more trades, set some sort of limit on how many positions can you open in one day. We would also suggest consulting our Performance Psychologist Celeste, as she certainly already encountered such problems.
What about a reverse Martingale on losses, so if you lose a trade you lower your risk by half, if you lose again you lower your risk by half, keep repeating until you win at least 50% of the last lost position then increase your trade by half. This is also keeping within 3% of your Equity, not risking over that.
Hello Russell, we have no problem with reverese Martingale. We want to stay impartial as far as strategy recommendation goes, so we will not comment any further. We just wanted to point out some of the very common mistakes.
Hi Sandeep Naik, Yes. There are the same trading conditions on the Free Trial and the FTMO Account. Thank you for your question, and do not hesitate to contact us again.
Unfortunately, we can not do that. If we allowed holding position over the weekend, some traders could open very large position before the market close and in a case that there would a be a gap, we could end up in a higher loss than acceptable.
@@pablosalas1077 As he *just* said, you cannot hold a position through the weekend/ for more than one trading week so if you are a swing trader you will not be able to take those very long term trades and will maybe have to close and re-enter
@@thti3070 oh okay... I dare not put a trade without stop loss....not because of power cut but just because it's part of my system... I personallythink every trader must have a stop loss on every single trade
after watching this I was left shocked that serious traders actually do some of the dumbass things mentioned....martingale...no stops...ignoring correlation....incorrect scaling and effectively doubling down.......that's simply a gamblers mindset NOT a traders mindset. Things not mentioned but equally important are currency strength ( never enter with equal strength pairs) and an understanding of fundamentals, COT and sentiment to see what the "big" money is doing.......scaling IMHO is ok..i usually start with what i call a "foot soldier".. a small position, then as the market shows me my analysis is correct I will scale in additional risk at key pullback levels....but all entries only add up to my trade plan allowed max risk per trade based on risk profiling the pair traded.. I'm convinced these "gambler" traders help fill the statistical bag of 95% losers with crazy casino antics like this in such a deadly and high risk business..and not growing an awesome beard..thats DEF a big mistake traders make..
When you withdraw from your 70% of profit from your ftmo account, does it remove just the 70% profit from your account, does it not remove the money from ur balance to help you grow your account, or does it remove all your profit before splitting 70/30?? How does withdrawing work
Gibraial Khan I see, if you do decide to withdraw, do you have to withdraw all your profit for the month period? If you can withdraw part of the profit, how is the 70/30% calculated
Is everything answered in their FAQs. You can choice to compound your money at the end of the month but they will always take their 30% . They encorage you to compound a bit so you have some buffer in case you get in a drawdown because you can't never ever be under 10% of your initial capital
Let's say that you make 10% on your 100 000 USD FTMO Account - we take 3 000 USD (our 30% share) and it is up to you what you do with your 7 000 USD (your 70% share). You can choose to leave the whole profit on the account, you can withdraw it all, or you can choose to leave some profit there and withdraw the rest.
Hi Sandeep Naik, You can pass the new FTMO Challenge to receive a new FTMO Account. Or you can have your FTMO Account scaled up with our Scaling plan. Thank you for your question, and do not hesitate to contact us again.
Hi FixMaster, You can use whatever strategy suits your trading style best. It is just up to you. Thank you for your question, and do not hesitate to contact us again.
Hi Jalbizman, You can use any strategy that suits you best. Remember not to use any illegal tactics. Thank you for your question, and feel free to ask for anything else. Best regards
@@FTMOcom Hi, can I use demo account for passing the Challenge and Verification Test. If it is acceptable, I will not receive the profit sharing for the first month as FTMO trader.
Hi Faisal Dogar, Yes, that is correct. We would have to terminate our funding partnership. You have to be careful with your trades around the restricted releases. Thank you for your question, and feel free to ask anything else. Best regards
The worst mistake is choosing a course based on retail BS strategy and the completely ignoring fact that this market is all manipulated and they should focus on learning how actually and why the market operates. Support and resistance are terms for stupid retail ignorants
Hey there Actually I started ftmo challenge with 20k euro account . I was profitable for first 3 days and then I lost more than 2k target. My daily lost was 3.7k on one day but I bring up my account on next week and I am profitable and above than my challenge target So it will be calculated in pass or fail as I lost more than 2000 on one day but I up more than 20 percent!!
Hello, I would like to say that FTMO until now one of the best clair helpful fund companies that i ve even seen . i am a day trader and most of my trades are unfortunately in restricted news time, and it makes me all the time attached to the calendar, and sometimes loses the entry point. Is it possible to choose the swng account to avoid this issue? kindly
Hi, slimane belarabi, Of course, it is possible. That is precisely why we developed the Swing Account Type so that you can trade during news releases and the weekends. Thank you for your question, and do not hesitate to contact us again.
Take a look at this FTMO site. There is explained everything that you need to know: ftmo.com/en/swing-account-type-and-new-free-trials/#:~:text=On%20your%20FTMO%20Account%20Swing,have%20taken%20everything%20into%20consideration!
Hello Corben, running the business is not free. We have many expenses for our staff, servers, offices etc. Also, some of our Traders who pass to the FTMO Stage lose the account and we cover all the loses. The fee is set at a competitive price which allows us to run a sustainable business.
We are quite surprised that this comes up as there are many reviews everywhere about us. You can for example visit this thread on the Trustpilot, where we have received really good rating: www.trustpilot.com/review/ftmo.com Also, feel free to search over the youtube for independend reviews and I am sure that you will find what you are looking for.
@@FTMOcom You shouldn't even bother to reply to those that question the business model. As you say, there are plenty of positive reviews on YT that far outweigh anything posted that might be negative. I've downloaded your MT4 platform before purchasing a challenge - not because I don't trust your business model, or those that manage it, but to get a look at the broker platform I will be using whilst on the challenge; spreads, connection reliability etc, etc. I've never used LMAX before. Cheers :-)
The two charts referred while explaining about Correlation were same . Both of them were GBP/USD. Anyway Great Advice. Thank You FTMO
You are right! We made a mistake in postproduction, apologies for that. Here is the correct chart with the EUR/USD and GBP/USD correlation. www.tradingview.com/x/Ds71CaWT/
I noticed this also
Pete Clements you didn’t notice shit, clements!
@@FTMOcom Thank you FTMO. Great company! Looking forward to opening a live account with you.
I also noticed this but I get the idea.
the single WORST MISTAKE traders make - not growing a beard
and a moustache !Hahahahaha
😂
🤣🤣🤣🤣🤣
😂😂😂😂😂
Thats right. The cute asian girl on ftmo would be a way better trader if she had a beard
I lost my first FTMO 100k Challenge last week. I believe I had good risk management, and I respected my plan. I just feel I was a bit emotional, and forced some trades that even got me more emotional. I accept my loss and move on, I will be funded before 2021.
I need to work on my emotions and keepin it simple.
Taking a break from trading for a little bit might be the trick to come back strong. Hopefully you will be back on track soon!
FTMO Funding For Serious Traders definitely. I’m studying all over again, demo trading one month or two more, and backtesting hard. I will overcome everything. Thank you guys.
Keep going bro you got this
You will make it!
Francisco Riedel checking on you did u make it to funded trader
Correlated pairs has happened to me in the past. I don’t split the risk, I will just pick one pair with the best set up or the one that moves better if the set ups are the same.
That is a way to do it.
sometimes, I enter on correlated pairs, I will divide the risk per trade among the correlated pairs that I will enter together, this way makes more sense, thanks for that
Worst mistake " Experts " make )7:14 They are both GBP Been shown not Eu / Gu but yes i get your point :)
I am currently trading without SL. But after watching you. I will definitely start implementing it.
We hope that you will find setting Stop Losses useful.
Trading with no stop loss is called gambling
Only losers trade without stop loss, if you want bigger space just check dayli time frame or weekly, always have a stop loss, always
i agree martingale is not good at all.. I've tried it before years ago and of course, it didn't go well lol.. Now I only trade price action.
We are glad that you made the transition.
While I don’t experience martin gale and no stops I sometimes scale in and listen to others and multi position on correlated pairs. Correlated pairs is also now reduced. Just somehow it reduced when realizing you can do well with just one or two pairs. Only scaling into losers sometimes is hard to overcome and stop listen to others.
I have a psychology problem that I bet a lot of other people have a problem with too. when the market moves against me I often believe a reversal is coming and I continue to either hold or I make more trades going in the wrong direction.Why wont my brain let go of the prediction of the movement? why cant I recognize the shift AND that I was WRONG??
Really? Nothing?
shhhhhhhhhh I cant hear the crickets. ok, how about a video just for me then?
Hello Shane, unfortunately, we are not that quick to answer! You can try implementing hard set Stop Losses from the start of the position so you never lose more than you are willing to. If you keep on making more trades, set some sort of limit on how many positions can you open in one day. We would also suggest consulting our Performance Psychologist Celeste, as she certainly already encountered such problems.
Take smaller profits. That way you can still make money but in different trades Vs waiting for a big move
Then when you see the reversal happen you can open a new position in the correct direction
So much value provided, it’s definitely going to help me to not make the same mistakes in my challenges
I avoid social media all together..Too many Lamborghini traders with fake advice...
I love this guy man much respect
As a very smart guy used to say: MG will work 99% of the time, but that 1% when it wont, it will wipe the account...
We agree, in the long run there is no way to avoid it!
MG on low leverage with not doubling but halving the size is a good way.
Well said mate!! Thanks for the great advice 👍
We are glad that you like it!
just started as FTMO trader, all are very useful tips
We are glad to hear that! Good luck!
amazing! How long had you been trading for before starting with FTMO?
Thanks so much for all your videos learnt a lot from them...
Glad to hear it!
very useful informations that show your credibility
In my scalping strategy that I work with I use indicators on MT4 as confluences for my entries, it's a problem for FTMO or I can do it?
I LOVE YOUR PRECISE AND CORRECT INFORMATION. I TRUST FTMO VERY MUCH...🙂🙂
I've ordered a $100k FTMO account today.
Please also disscuss profitable forex trading successful strategies... in another video..
We will see what we can do, keep your eyes peeled!
What about a reverse Martingale on losses, so if you lose a trade you lower your risk by half, if you lose again you lower your risk by half, keep repeating until you win at least 50% of the last lost position then increase your trade by half. This is also keeping within 3% of your Equity, not risking over that.
Hello Russell, we have no problem with reverese Martingale. We want to stay impartial as far as strategy recommendation goes, so we will not comment any further. We just wanted to point out some of the very common mistakes.
Is the spread and commission exactly the same in real account as that of demo/practice account..,...?
Specially in EUR USD pair ?
Hi Sandeep Naik,
Yes. There are the same trading conditions on the Free Trial and the FTMO Account.
Thank you for your question, and do not hesitate to contact us again.
7:10 both are GBP/JPY... not EURJPY
I knew somebody else had to see that
All of them are 100% on point.
Made all of those mistakes already. Luckily only paper trading for now.
Same man
Please open up so you can hold trades over the weekend on the FTMO accounts.
Unfortunately, we can not do that. If we allowed holding position over the weekend, some traders could open very large position before the market close and in a case that there would a be a gap, we could end up in a higher loss than acceptable.
What happens with swing traders that want to do the funding challenge?
@@pablosalas1077 As he *just* said, you cannot hold a position through the weekend/ for more than one trading week so if you are a swing trader you will not be able to take those very long term trades and will maybe have to close and re-enter
This might sounds extreme but I always put stop loss in because I’m scared of power cut or my internet drop 😅
I'm guessing you're in Africa 🥲
@@thti3070 oh okay... I dare not put a trade without stop loss....not because of power cut but just because it's part of my system... I personallythink every trader must have a stop loss on every single trade
does that mean it is not allowed to use martingale?
after watching this I was left shocked that serious traders actually do some of the dumbass things mentioned....martingale...no stops...ignoring correlation....incorrect scaling and effectively doubling down.......that's simply a gamblers mindset NOT a traders mindset. Things not mentioned but equally important are currency strength ( never enter with equal strength pairs) and an understanding of fundamentals, COT and sentiment to see what the "big" money is doing.......scaling IMHO is ok..i usually start with what i call a "foot soldier".. a small position, then as the market shows me my analysis is correct I will scale in additional risk at key pullback levels....but all entries only add up to my trade plan allowed max risk per trade based on risk profiling the pair traded.. I'm convinced these "gambler" traders help fill the statistical bag of 95% losers with crazy casino antics like this in such a deadly and high risk business..and not growing an awesome beard..thats DEF a big mistake traders make..
Why did you mention the beard😂😂🔥
@@twister6667 im growing one myself, and this is an awesome looking beard...so cred for the guy :) im gonna braid mine and put bells on it :))
I'm gonna join this ftmo an I will be get to finish line
I want to know about swing account of FTMO
When you withdraw from your 70% of profit from your ftmo account, does it remove just the 70% profit from your account, does it not remove the money from ur balance to help you grow your account, or does it remove all your profit before splitting 70/30?? How does withdrawing work
Yes- it takes you back to the initial funding
Gibraial Khan I see, if you do decide to withdraw, do you have to withdraw all your profit for the month period? If you can withdraw part of the profit, how is the 70/30% calculated
Is everything answered in their FAQs. You can choice to compound your money at the end of the month but they will always take their 30% . They encorage you to compound a bit so you have some buffer in case you get in a drawdown because you can't never ever be under 10% of your initial capital
Let's say that you make 10% on your 100 000 USD FTMO Account - we take 3 000 USD (our 30% share) and it is up to you what you do with your 7 000 USD (your 70% share). You can choose to leave the whole profit on the account, you can withdraw it all, or you can choose to leave some profit there and withdraw the rest.
Dayum!! Im giving a like just for the killer beard😉
Is there any option to move from 10k account to 25k account, once you enrol for 10k account initially? What's the process?
Hi Sandeep Naik,
You can pass the new FTMO Challenge to receive a new FTMO Account. Or you can have your FTMO Account scaled up with our Scaling plan.
Thank you for your question, and do not hesitate to contact us again.
example in correlated pairs looks to both be GBPUSD?
You are right, a small mistake in postproduction. Here is the correct chart: www.tradingview.com/x/Ds71CaWT/
Does anyone know what is the name of this person? And if he is in Prague?
I do cutloss instead of stoploss, is that ok?
Hi FixMaster,
You can use whatever strategy suits your trading style best. It is just up to you.
Thank you for your question, and do not hesitate to contact us again.
If I use martingale strategy combine with SL and my account still satisfies the Trading Objective, May I pass the Verification?
Hi Jalbizman,
You can use any strategy that suits you best. Remember not to use any illegal tactics.
Thank you for your question, and feel free to ask for anything else.
Best regards
@@FTMOcom Hi, can I use demo account for passing the Challenge and Verification Test. If it is acceptable, I will not receive the profit sharing for the first month as FTMO trader.
Martingale can make you rich. It depends on your safety order size, entry, and take profit.
Good
Thank you FTMO, for all these mistakes I did & now I can understand most of the people are losers like me :D
what if my take profit or stop loss hit during news event? my account banned or not?
Hi Faisal Dogar,
Yes, that is correct. We would have to terminate our funding partnership. You have to be careful with your trades around the restricted releases.
Thank you for your question, and feel free to ask anything else.
Best regards
Correlated pairs. That's true
The worst mistake is choosing a course based on retail BS strategy and the completely ignoring fact that this market is all manipulated and they should focus on learning how actually and why the market operates. Support and resistance are terms for stupid retail ignorants
Hey there Actually I started ftmo challenge with 20k euro account . I was profitable for first 3 days and then I lost more than 2k target. My daily lost was 3.7k on one day but I bring up my account on next week and I am profitable and above than my challenge target So it will be calculated in pass or fail as I lost more than 2000 on one day but I up more than 20 percent!!
i failed the challenge twice ): ... doing 10 lot trades .. fuck me and my confidence
In your correlated pair example, you pick up the same pair...
starting to add more ..............
Mane I have made all of those mistakes!
Now you just have to learn from them and you are set and ready!
Hello,
I would like to say that FTMO until now one of the best clair helpful fund companies that i ve even seen .
i am a day trader and most of my trades are unfortunately in restricted news time, and it makes me all the time attached to the calendar, and sometimes loses the entry point.
Is it possible to choose the swng account to avoid this issue?
kindly
Hi, slimane belarabi,
Of course, it is possible. That is precisely why we developed the Swing Account Type so that you can trade during news releases and the weekends.
Thank you for your question, and do not hesitate to contact us again.
@@FTMOcom Thank you for your response.
What is the difference exactly between the swing the standard account?
Take a look at this FTMO site. There is explained everything that you need to know:
ftmo.com/en/swing-account-type-and-new-free-trials/#:~:text=On%20your%20FTMO%20Account%20Swing,have%20taken%20everything%20into%20consideration!
Nice beard bro. 😁
Thank you James, growing a beard takes as much patience as growing any account! - Simon
yes yes yess... i just interested on the your Beards...
Well, at least there is something for everyone!
Why’s the volume so low
Why such high costs to try FTMO?
Hello Corben, running the business is not free. We have many expenses for our staff, servers, offices etc. Also, some of our Traders who pass to the FTMO Stage lose the account and we cover all the loses. The fee is set at a competitive price which allows us to run a sustainable business.
@@FTMOcom totally fair
mtr 4 and 5 are terrible
What do you recommend?
I fail my ftmo 10k challenge by $28 drawdown over the 500 😔😔
I failed three won't stop working towards freedom 🇿🇼🏋🏾💪🏾🤑
@@richardchikonzo156 I see you from Zim as well, hit me up if you want talk trading
@@fwtnfx3388 how my guy would be great ...
@@richardchikonzo156 use telegram, username is @shakazullu
@@fwtnfx3388 awesome 👏🏽😎
Ftmo blocked my friends account bec the martingale ea was banking too much
Ftmo need to increase Daily loss. 2% is too narrow..
Daily loss is 5%
@@sorre95 sorry i mean more then 5
@@nabilsn411 5% is more than enough
Some times when you are in loss. You need to hedge your trades. But you put yourself in stress.
5% is perfect, manage your risk properly and you can easily gain 10% in 100 pips if you 1 lot a 10k account
I’m scared that FTMO is a scam
We are quite surprised that this comes up as there are many reviews everywhere about us. You can for example visit this thread on the Trustpilot, where we have received really good rating: www.trustpilot.com/review/ftmo.com
Also, feel free to search over the youtube for independend reviews and I am sure that you will find what you are looking for.
@@FTMOcom You shouldn't even bother to reply to those that question the business model. As you say, there are plenty of positive reviews on YT that far outweigh anything posted that might be negative. I've downloaded your MT4 platform before purchasing a challenge - not because I don't trust your business model, or those that manage it, but to get a look at the broker platform I will be using whilst on the challenge; spreads, connection reliability etc, etc. I've never used LMAX before. Cheers :-)