Thanks for all the video instruction. Quick question -- what asset and what type of strategy would you recommend for someone wanting to pass an FTMO challenge?
I just checked their website, it doesn’t look good: they are asking for 10% returns per month with maximum risk of 10%. That doesn’t work. If you can do 10% a month then your starting 10k will be 31k end of year and if you keep doing the same then your capital will be 310k in three years, does that seem reasonable to you? To achieve those goals you need to be lucky meaning you try 100 times to have a chance of succeeding once, and I guess that’s their model. If you want to gamble then build a portfolio with lots of trades, that means intraday, and you need to understand position sizing methods. By the way they mention professional leverage of 100:1 , no professional trader use this much leverage
@@StatOasis What I don't understand is if you are really that good at getting that percent increase for drawdown ratio, then you probably don't need to borrow much money.
Q: Does the January Effect apply to Small Caps too?
Not really, last 10 years was good but overall the pattern is not reliable
And merry Christmas to you Ali. God bless
wish you a great 2022
Thanks Ali
Thanks for all the video instruction. Quick question -- what asset and what type of strategy would you recommend for someone wanting to pass an FTMO challenge?
I just checked their website, it doesn’t look good:
they are asking for 10% returns per month with maximum risk of 10%. That doesn’t work.
If you can do 10% a month then your starting 10k will be 31k end of year and if you keep doing the same then your capital will be 310k in three years, does that seem reasonable to you?
To achieve those goals you need to be lucky meaning you try 100 times to have a chance of succeeding once, and I guess that’s their model.
If you want to gamble then build a portfolio with lots of trades, that means intraday, and you need to understand position sizing methods.
By the way they mention professional leverage of 100:1 , no professional trader use this much leverage
@@StatOasis What I don't understand is if you are really that good at getting that percent increase for drawdown ratio, then you probably don't need to borrow much money.
Merry Christmas!
Wish u a great 2022
Thank you :-)
You are welcome!