Ftmo 10k challenge rules reddit. So I decided to try an ftmo 10k challenge.

Ftmo 10k challenge rules reddit Currently attempting my first ftmo challenge on the 10k account. Last month, I passed the FTMO demo account and I said to myself that I am ready to do the challenge. 100K agressive challenge allow up to 10% DD and goal is to reach 10% profit the allowed 20K DD is considering the 10K profit already made Reply reply More replies I have tried the FTMO challenge a few days and got a very bad and unfair experience. Even though it’s called a swing account, FTMO isn’t well suited for swing trading. Hey guys. To hit your 10 day minimum trading days litterally enter and exit 1 trade a day at like a $0. This time around I got another 10k challenge but exceeded my max loss and daily loss and still was allowed to move on to phase 2. The 2 major drawdown periods are plain and simply my fault. After your first payout with FTMO you basically are playing with house money. My daily hit 23k. If you lose 3 trades which is 300 dollars in a row the strategy isn't working. What does this mean? I already got the message saying my daily loss has been breached and to email FTMO. Find something that works atleast 50% win rate and do not ever break rules. I felt cheated and disappointed. Don't wanna get too overwhelmed, still getting used to even using the bigger lots for the 10k account! Really really exciting isn't it, even just the idea of being funded for trading is amazing. If I get in . I would suggest anyone taking on these challenges is to take the 10k account and then use winnings to pay for the 200k account. In prop firms if you are allowed to lose 10% and have to make 10% which is same as doubling your account in 30 calender days. But I realized in the end that if I do passed the challenge, then it's a free to use capital for me as I got my challenge fee back. 5-1. If I'm right, I'm right, if I'm wrong, the position gets cut. The daily dd ain’t even bad you should not even be going 5% deep on a trade anyways with proper risk management. Our trading challenges provide virtual funds ranging from $10k to $200k, allowing you to practice and learn in a risk-free environment. - Each challenge was done separately, months between one and another. As a scalper, I couldn’t imagine holding over the weekend, or even overnight. I am confident I will pass the challenge stage but I am a bit in the dark on the verification stage. 50 I'll allow a 100 pip move against me. The challenge is particularly difficult for swing traders. So I decided to try an ftmo 10k challenge. I have a swing account because big news days are my best days, and I focus on smaller profits so 1:30 is sufficient. Recently I started to try out Prop firms and went with FTMO I tried a 10k challenge and passed and made it to a small payout. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. If you have 10k in your account, you are allowed to lose almost 10k and if you make 10k then you have made 100%. The FTMO Challenge stage has reasonable rules, where the Profit Target is in balance with the drawdown we allow you to take. I over traded and just went in complete denial over the fact that I had just lost a substantial amount. I had 13k in drawdown and about 6k in losses. And looking where price moves to. But if I was to start On a 10k account they profits would be divided by 10 so a £400 trade would only really be £40 on a 10k account. Once I turned 10k demo to 11k gaining 10% I bought the challenge. Do you calculate your 1% risk on the 10k or on 10k x 100 leverage? Countless YouTube videos, Udemy courses, Google searches. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. Now I'm trading the 15k AUD challenge and currently at negative side -50%. Prior to that mess I was 800 shy of the goal. 50 loss or slight win. I'm definitely no expert and have only just passed the FTMO challenge after a year of studying and messing around. Today i finished my first phase of my 100k Challenge. Like I have had a few 100k demo accounts and always have turnt them to like 200k before they reset automatically . Is it possible to still fail the verification stage if you don't violate any of the trading objectives? I traded the demo account on FTMO with 40k for 2 weeks and reached 20% and also passed all the rules, for me its time for a real challenge. Do the rules really matter? Hey everyone, I've recently got into ftmo, and on my first try, I passed the stage 1 of ftmo, onto stage 2,its a different story, I've been quite unlucky, ad after a series of trades I'm now down 9. I feel the challenge is more of a puzzle. Here’s a breakdown of what the 10K Challenge entails: Phase 1 — Challenge: The first phase requires you to hit a 10% profit target within 30 days. I’m very curious about this phenomeno, never took an ftmo challenge, would like to hear your thoughts and experiences. e impulse, corrective, impulsive etc. I explained my case, and even took the so called loss which did not equal what I was supposed to be losing. I know most may think i’m rushing but trust and remember i’ve been doing this about 3 years now and have stayed up countless nights watching video after video, back testing, journaling, the whole bang. Do you have a money Management strategy and Trading psychology rules? why 10k account and not 100k? Tips: test your strategy on the 14days FTMO demo trial and see if works first, so you don't waste money on challenges. 5% per trade to see if you feel comfortable and get familiar with FTMO spreads and commissions. 6% and I've almost failed the challenge, I'm not sure how to get out of this but I might need some advice, do I carry on with my strategy and hopefully get 2 wins in a row or do I risk it all with wow congratulations! I'm starting with the 10k and once I pass this challenge and verification I'm gonna go for the 50 or 100. -ftmo's business model is based on the failed challenge fees. It sounds like you're not using stops. . After a while it seemed better to simplify everything and just look at plain simple price action, I. The following week I did really bad in my Forex funds challenge as I didn't adhere to the rules. I prefer the short and sweet trades that bounce up quicker with say 8 lots Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. I learned a lot in the past months, backtested a lot every fucking day mate. It's hard as I started ftmo challenge and my Forex funds challenge and in 1 week I passed ftmo. I have not violated any of the rules and have gained 5% over 4 days. I've profited 2k doing this. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the The 100k account is effectively a 10k account becuase your position size is for a 10k account and your profits are for a 10k account, and there's almost no point of getting funded at that point. FTMO and My Forex Funds and the like, you will have to pay tax on unfortunately as you are offering a service to trade these accounts. I was in gain and their metrics were telling that I failed the max daily while at the same time I was in gains of over 1k. Can you share your experience? Withdrawal process with diff payout 11 votes, 36 comments. Took the same strategy I use for my personal account but lowered the risk per trade to a fair profit and loss point, i let my winners runn and move SL to BE more often than not. I'm doing the 10k challenge and I'm only risking $75 per per trade. I am so hyped and a post like this motivates me a lot. Mind you the max that I have lost is 1% per trade. Hello! I already passed ftmo demo trial for 14 days for 3 times already. My opinion would be go for it, but be disciplined and use it to fund your personal account to a good size account (10k, 25k, 100k, whatever you're comfortable with). Daily loss was 10k. which is more than enough to pay out the traders that do make money (90%+ loose) -the really great traders with good rm and consistency over a longer term basis get copy traded onto a larger live account. Not trying to be offensive, but it was dumb to keep trading let alone without a stop-loss at less than -$500 or without keeping track of how much you were down for the day. I got 2 more weeks to pass the challenge or breakeven to get a renew challenge. As long as you keep the challenge fee money aside, you can retake it again if you happen to lose it. Use them, dude. If you’re profitable you can pay 150 for a 10k challenge and start making more money than you were going to make trying to grow 150. Overall, I was still roughly 7% in profit. The majority of challenge takers are not aware of this and are risking only 1% to 2%. 8 - Win rate of 55-60%. Our Challenges simulate real-world trading conditions by utilizing a demo trading environment. I'm planning to get 100k usd funded account since yun ung talagang pinractice ko. Reply reply More replies Max loss was supposed to be 20k. Thanks heaps. My question is if any of you guys who have passed the first… Passing the challenge is easy with a bit of luck but 99% of those who pass the challenge can’t manage to keep the account for more than a month since they would break the rules because they simply don’t know how to trade. My win rate decreased because of the pressure. $10k (of 100k) actual usable capital is also not wrong. There is no time limit within which you need to pass the Profit Target, the Trading Period is indefinite. My challenge ends tomorrow. We call these rules Trading Objectives. Currently undergoing the FTMO 10k Challenge phase 1 and safe to say I'm still in it. Should I go for it na ba? The only hesistation for me in mind is yung money na idedeposit ko for the real challenge lol. So good trader = guaranteed funding from prop I have been trading futures and doing succesfully at prop challenges but i have been looking at forex lately also. My question is when you do A prop challenge lets say beginner 10k with 100 to 1 leverage. Start risking 0. Understanding the FTMO 10K Challenge. bvgi vcjip olpmxvz kyp fnn sicmfs vktbd koxye vqeoylz lxbg