Essential FTMO Rules: Challenge, Drawdown & News Trading ✅
Вставка
- Опубліковано 18 вер 2024
- ⭐ RECOMMENDED PROP FIRMS⭐
✔️Blue Guardian: bit.ly/3Z38vO8
✔️Traders with Edge: bit.ly/3STGFCN
FTMO Rules: • 🛑 FTMO Exposed: Hidden...
FTMO Drawdown: • FTMO's Drawdown Rules ...
Unlocking Trading Potential with FTMO: A Comprehensive Guide
In the ever-evolving world of financial markets, traders constantly seek opportunities to maximize their potential without risking significant personal capital. FTMO, a leading proprietary trading firm, offers a solution to this dilemma by providing traders with access to substantial trading capital. This blog post will delve into how FTMO works, the benefits it offers to traders, and provide an overview of trading in Forex and Contracts for Difference (CFDs).
What is FTMO?
FTMO is a proprietary trading firm (prop firm) that scouts for talented traders, offering them the chance to trade with significant capital. Founded with the mission of empowering traders, FTMO bridges the gap between trading skill and financial capability.
How FTMO Works
FTMO operates on a straightforward but rigorous model designed to ensure that only proficient and disciplined traders manage its capital. Here’s how the process unfolds:
The FTMO Challenge
The journey begins with the FTMO Challenge, a 30-day evaluation period where traders must meet specific profit targets and adhere to FTMO Challenge rules. The key objectives are:
Profit Target: Achieve a set profit target within 30 days.
Risk Management: Stay within the maximum daily loss and overall FTMO drawdown rules.
Verification Stage
Traders who successfully complete the FTMO Challenge move to the Verification stage, a 60-day period with more lenient targets and risk management criteria. This stage further evaluates the trader’s consistency and risk management skills.
Funded Account
Upon passing the Verification stage, traders receive a funded account. This funded account forex opportunity allows traders to trade without risking their personal funds while retaining up to 90% of the profits generated.
Access to Capital
FTMO provides traders with substantial capital, enabling them to execute larger trades and potentially achieve higher profits without risking their own money.
Risk Mitigation
By trading FTMO’s funds, traders mitigate personal financial risk. This setup allows traders to focus on strategy and execution without the stress of losing personal capital.
Profit Sharing
Traders retain a significant portion of the profits (up to 90%), making it a lucrative opportunity for skilled traders.
Flexibility
FTMO supports various trading styles and strategies, including the FTMO swing account and FTMO aggressive vs normal accounts, giving traders the freedom to choose their preferred approach within the firm’s risk management framework.
FTMO Withdrawal and Payouts
FTMO ensures a seamless withdrawal process. FTMO traders can request withdrawals of their profits, which are processed efficiently. The FTMO payout system is designed to be transparent, with many traders sharing their FTMO payout proof online.
FTMO Strategy and Trading Rules
FTMO traders must adhere to FTMO Challenge rules, FTMO drawdown rules, and FTMO news rules. These include specific guidelines for managing risk, such as maximum daily loss limits. Additionally, FTMO news trading rules dictate how traders should handle positions around significant news events.
FTMO Scaling Plan
FTMO offers a scaling plan for traders who consistently perform well. This plan allows traders to increase their account size, further enhancing their earning potential. The FTMO scaling plan is an excellent incentive for traders to maintain high performance.
Interviews and Reviews
Many successful traders have shared their experiences in FTMO interviews, providing insights into the firm's operations and benefits. Reading these FTMO interviews can be inspiring for aspiring traders.
News and Updates
Keeping up with the latest news FTMO updates is crucial for traders. The FTMO website and various trading forums provide news and information on FTMO's latest developments and any changes to FTMO news trading rules.
FTMO presents an exceptional opportunity for traders to access significant capital, reduce personal risk, and maximize their trading potential. By excelling in the FTMO Challenge and Verification stages, traders can secure funded accounts and reap the benefits of their trading skills. Understanding the dynamics of Forex and CFDs further enhances a trader’s ability to navigate the markets effectively. Whether you are an aspiring trader or a seasoned professional, FTMO offers a pathway to elevate your trading career.
Summary:
FTMO Challenge rules
FTMO drawdown rules
FTMO news rules
FTMO withdrawal process
FTMO payout proof
FTMO interview insights
FTMO scaling plan
FTMO aggressive vs normal accounts
FTMO swing account
Love the video mate! Another fantastic and informative session! Thanks
Thanks Mikozaire! Check out my full prop firm playlist and let me know if you have any questions: ua-cam.com/play/PLa6XDmoqdrjFdEedzI9JfQmqR97oZMzMv.html
Hello Mr. Cortese,
Did I understand correctly: No news trading unless it is a swing account. With a swing account, you are allowed to hold positions overnight, over the weekend, or longer.
However, I have a question: I saw that gambling is not allowed. What exactly counts as gambling?
This is how I trade: I only buy if the price has dropped by 5% or more at the end of the day, and I only invest 0.25% of the total account value. For example, with a 10,000 € account, I would only trade with 25 €. If the price drops again by 5% or more the next day, I would buy again with 0.25%. Would this approach be considered gambling?
Thank you and best regards.
I would only dollar cost average once. If you keep buying as the price drops, trying to catch a falling knife and predict where the bottom is could be a risky strategy.
what is waka waka eas and what is martingale grid trading and HFT that will get me bannd i did not understand??
If you don't know about it, you don't have to worry about it but these are typically bots that trade automatically in prohibited ways. HFT only stay in the trade for a second or two. Martingale is when you keep averaging down or doubling your size. Waka is a paid indicator. Grid is a type of hedging where you are long and short.
sir if the news comes out at 2 pm can i trade at 5 pm three hours apart
Yes you can. The restriction is +/- 2 mins before to 2 mins after the red folder news.
Hi Kevin,
Do you know if it's mandatory to use SL and TP orders? What if I want to use metal SL and TP is that allowed?
Also, sometimes I may use SL and trail it, is that allowed? Thank you....one of the best channels in the prop firm space!!!
FTMO does not require you to use a SL or TP. I would still recommend having an emergency stop loss well before the 5% daily loss.
@@kevincortese7751 Thank you so much for taking the time to respond back.
One last question if you don't mind: What happens to my FTMO account after I withdraw my first profit? Can I continue to trade that account or I have to pay again for another challenge and redo the whole process again?
Hi Triger. Good news is you keep your account until you violate the daily or max DD. Let's say you pass a $100k and are now at $105k. You'd request your full % of the profit, account would be reset to 100k and min total DD is 90k. If you were up to $110k but do hit the max daily and violate your account - you would still get your % of the 5K profit, but would lose your account in that case.
Now Ftmo want 0.5-1% risky one trade.
I heard that as well. Don't think it's written anywhere and pretty sneaky.
You got a sub
Thanks! Check out my prop firm playlist: ua-cam.com/play/PLa6XDmoqdrjFdEedzI9JfQmqR97oZMzMv.html
Hi sir can we do day tarding and scalping on swing account?2nd qustion if our open trade is ruuning in profit or loss from last day it will consider on present day trade or a day on which trade is open
A trade carried over from yesterday affects today's max DD and equity. If you have 100k account and yesterday you rolled over a $2,000 loss, you start the day with 98k. However, your DD would be 95k, not 93k. On the other hand if you roll over a $2,000 loss and you start the day with $102, your DD would be $97k. Take note that if you rollover a $5k profit and start the day with $105k and your trade goes back to break even, you'd hit your DD of $100k so be careful.
Hi Kevin , let's say i open one trade and she down 1% but i finally closed in profit, is that -1% will be count on my Daily Drawdown and it will be 4%, in other way if i take 5 trades in one day but not in the same time okey !! but every trades down -1%, it will be count as 5% daily loss or what ?? thanks a lot.
If you start the day at 100k, at no point in day can your equity (closed and open trades) hit $95k. If your first trade was -1k but you closed it at +1.5k, then your new balance is 101.5k. You have 6.5k of buffer for the rest of the day. As long as you don't draw down to $95k today you're fine. You can take 4 more trades and close each of them with a -1k loss and you're still okay.
@@kevincortese7751 i get it now, thank you a lot teacher Kevin.
Sounds good. Safe trading.
Hi Kevin , At what time does FTMO reset the Daily Start amount ? For example, if on June 1st at 00:00:00, my 100k account has an active trade that is +7k in profit. For the day of June 1st, will my account have a daily start amount of 107k ? If so, how will I know the Daily Start amount if I was asleep at midnight?
FTMO uses Central European Summer Time (CEST) and the day resets at 23:59:59 CEST. If you roll over your trade you will start with 107k and you can't let your account hit 102k in open or closed trades. If you close the trade before rollover, you're account will still start at 107k, 102k is the min but you don't have to worry about the open profit drawing down.
Hi Kevin , Let's say I have an account at 100k and then I enter my first trade. This trade falls to -3k in loss. It is March 4th, it is 11:00 p.m. and the market is so little volatile that my latent loss remains at -3k without moving until March 5th at 00:00:01 (midnight and one second). Let's say that Daily Start resets at 00:00:00 (midnight). Can I afford to lose 5k or 2k on March 5th?
FTMO uses Central European Summer Time (CEST) and the day resets at 23:59:59 CEST. If you roll over the trade you will roll over -3k and you can only lose 2k from this starting balance.
Hi Kevin , let's say that during a trading day, I just entered my first trade on a 100k account. This trade goes up to +10k profit then drops to +3k profit. Have I lost my account? because FTMO says the maximum loss in one day is $5000 but I just lost $7000 (10k-3k=$7k)
You will not lose your account if you open the trade today, up 10k and then trade drops to 3k. You started day with 100k, so can't let balance get below 95k. If you roll over +10k and you start day with 110k. Min equity is 105k. Trade wouldn't have lost 7k. You draw down 5k next day and lose your account.
Hey I got a question. I have a £20,000 FTMO account. If I only withdraw partial of my profits (e.g £1000) and have £800 remaining to roll over to the next month, will I still be able to withdraw that the following month?
Yes, the extra £800 will serve as a buffer the next month and will be available for withdraw next month as well.
@@kevincortese7751 thank you for clearing this 😊
What’s all this maintenance about? I haven’t found anything on FTMO’s site saying trades need to be closed (or not opened) during maintenance or you risk losing your account? Can’t find it anywhere.
Not only that, but that’s a severe hindrance to swing accounts and wouldn’t make sense. Let’s say you’re in a GBPUSD trade long and anticipate it to be in an uptrend for 2 weeks, you’re only 2 days in and there’s this apparent scheduled maintenance. It’s unjustifiable and doesn’t make sense to make a trader prematurely close out a trade after 2 days (purely because of “maintenance”) if he was planning to stay in said trade for the next two weeks?
I double checked and I can no longer find that info on FTMO's website. I still see that a regular funded account is banned for holding over the weekend or holding when maintenance lasts more than 2 hours (ftmo.com/en/faq/do-i-have-to-close-my-positions-overnight/) but chat support confirmed that if you are on a swing funded account, you can still hold. I went back and cut this part out of the video. Sorry for the confusion.
Prop trading is not for everyone. Of all the companies, FTMO has the best reputation in terms of longevity, support, payouts etc. I agree that most traders will lose money with FTMO, a personal account, trading options, futures, etc. Need to have a solid strategy, risk mgt, etc.
No, you are not allowed to trade during FTMO maintenance updates on either a regular account or a swing account. I asked about this in the live chat.
@@kevincortese7751No, you are not allowed to trade during FTMO maintenance updates on either a regular account or a swing account. I asked about this in the live chat.
@@TomReiner-p5k Well their maintenance is usually on weekends when markets are closed anyway. But of course you can have trades open during this time on a swing. It’d be ridiculous if you couldn’t. Some trades are held for days and weeks. Hence why they don’t have downtime maintenance during market hours or just about everyone would fail and the company would be called out, think about it.