Ftmo hedging reddit. Swing traders can go through a multi-month drawdown even with a profitable strategy, b Hello, good day everyone. Damn thinking back I was smart af. -Share FUNNY Trading In a weird way, when I treat my FTMO accounts and personal account (connected with social trader tools) like demo accounts, I stop caring so much that it messes me up. I honestly don't hedge too much so not a huge issue. You can also view the available symbols on this link. Deloitte doesn't hand that shit out like candy because their own brand's credibility is on the line when they do. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. The reason this happens is because the ftmo/funded account allows hedging of positions. You will never have worry about a "MyForexFunds" moment w/ FTMO. Now my question is are you able to lets say buy 8 accounts and hedge them all to pass both steps of the challenge, for example we buy 4 ftmo and 4 from 5%ers? im aware some prop firms share the same liquidity providers, but I highly doubt ftmo and 5%ers do. I traded a little more aggressively than I wanted to on this account but it ended up paying off. So you cant short the eur on one account and buy it on another. FTMO Forex Trading Community was created with the following intentions: - To help new and professional traders learn and improve their forex trading skills as best as we can, - To help Traders know more about FTMO and how to get funded by them, - To help/guide new traders in passing the FTMO challenge and verification stage. 800$ 4. Price of 8x 200k FTMO accounts(in USD)- $1190x8= $9520 10% gain - 20% profit split + refund - price of accounts = $20000-$4000+$1190-$9520= $7670 Relatively new to prop firms, appreciate any helpful comments. In the other note I believe in every single one y’all who are trying to make a change. Now we can trade through high impact news and hold runners over the weekend if we want. This is why I recently have been focused Hi guys, I just fully figured out what went wrong SEQUENCE OF EVENTS: I lost -$1021 in the morning, proceeded to angry trade immediately and chickened out after 5mins after for an extra loss of -280 (Now total loss off -$1301) MFF and especially FTMO are golden. They also allow hedging, if that's your thing. Reply reply I want to compound a real account with these returns. I think it might be prudent to set reminders up on every FTMO pass thread and ask the OP how they are going after 3-6 months. Of all the prop firms, FTMO is slightly better, since they don't put a cap on the maximum trades we can open, offer a 1:100 leverage, allows hedging and any strategy we like. However, it is not a good idea in long-term. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! Hi guys, Hope all is well. 400$ 3. Trying too hard and studying too hard has diminishing returns and is counterproductive. Now that MFF is having some issues due to their business model that involved using money from challenges to pay traders. Got to give it to FTMO. Reddit has made some changes in their billing for API calls that effect ALL of 3rd party developers that have alternate apps. Can't go wrong with FTMO. But here is the problem: is FTMO using the same business model ? Especially because they claim they use their risk management for demo accounts connected to live markets. FTMO's 70/30. I’ve been trading for about 2 years and have yet to make a consistent profit. If you can make 10% on FTMO for 5 months, on your private account you will have: Month 0: 100$ 1: 200$ 2. (1% of risk per trade with 66% win rate) FTMO rules are far laxed compared to the firm I work for now but l manage a far bigger book and obtain bonuses and payouts. Take your time, bad losing streaks happen to everybody. I'm by no means bragging, I'm simply stating that FTMO is worth it and anything worth doing is hard. The subreddit has not kicked you out or gone private. But for the challenge, they're faced with the same problem as before. The article will describe how to save money if you have some hedged positions. But to your point about increasing from $140K to $300K: are you seriously proposing that a reasonable person, acting prudently, would let $160,000 sit in a a non-intrest-bearing-account if there was the slightest chance they may never receive that money? FTMO Margin Calculator. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! The trading period is the same for both risk setups, and the same fee refund applies here with the first payout from your FTMO Account. Don't take advantage of gaps in the market. If you are viewing this on the new Reddit layout, please take some time and look at our wiki (/r/step1/wiki) as it has a lot of valuable information regarding advice and approaches on taking Step 1, along with analytical statistics of study resources. FTMO doesn’t have time limit anymore, so I would decrease risk even more, risk so little that you can easily lose 20 or more trades in a row. You can trade all the instruments and assets that are available in your trading platform (Forex, Indices, Commodities, Stocks, Crypto,…). Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. 8 - Win rate of 55-60%. 5 it will sell 0. The real question is do YOU have a consistent and profitable method? That is the real question. Currently hedging a loss though but i plan on catching pips all week. So you cant hedge the same security on different accounts. If your system is profitable while respecting the rules, we’re happy to see you profit with us. Welcome to FXGears. I just found out there is a hedge option you can request them turn on. People bitch about higher cost and FTMO being 'plain jane' without all the bells and whistles, but that's what makes them great. If you can't manage risk/hedge your positions, what good are you to any legitimate trading desk? It's a huge improvement for day traders at least. I felt ready, and started my first ever FTMO challenge on Monday gone, ended up making 9% this week and I am around €70 from the profit target of €1000. The FTMO Challenge is the first step of Evaluation Process and educates you to master your trading habits. Some traders will over-leverage and hedge orders during this event. Indices usually gap at market close. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. Commissions/spreads are low and competitive. FTMO has a swing trading account that allows you to hold positions over the weekend, and there are no limitations on trading around news releases. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. FTMO - I’d advise anyone to use FTMO before another firm as an overall choice, simply because they’re possibly the most established and reputable firm among the industry. I'm not sure if the 5ers do it or not. Your first goal for the day is developing good trade ideas, a close second is managing risk. FTMO has won international awards from fucking DELOITTE for 3 or 4 years straight. Hi all. Going to do some testing when the market opens. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. Step 1 – FTMO Challenge. Then you have to complete the challenge where you have to make 10% in one month while adhering to their drawdown conditions. Sorry OP but that's a dumb question. By using the prop firm account, You are using a hedge on your portfolio at the cost of the entry to the prop firm + a profit percentage, as well as buying the leverage of the larger account size. Our FTMO Challenge is the first step of our Evaluation Process. Hopefully trading view can fix this because it's pretty annoying as you have to be in front of the chart when it hits you're level when you want to take a partial. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! 242 votes, 229 comments. Had a 5k day on my 200k account also. (It messes with their algo bc they use bots to trade against their customers). I passed, focusing on my risk management, not profit. Most people only lose the challenge because of too much risk and therefore the mindset takes a hit. I want to compound a real account with these returns. 5-1. They just dont allow opposite trading. So this how the first FTMO payout went. When the rule against hedging is in effect, traders are generally prohibited from holding opposite positions in the same currency pair simultaneously. 5 of your long l think. com, a trading forum run by professional traders. As you most likely know, there is no Profit Target once your trade on an FTMO Account, however, you can take advantage of our Scaling Plan to increase your balance by meeting certain conditions. As a prop trading firm, FTMO offers traders not only the ability to use leverage, but also the ability to open a large enough trading account for only a very low fee. 391K subscribers in the Forex community. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. In a weird way, when I treat my FTMO accounts and personal account (connected with social trader tools) like demo accounts, I stop caring so much that it messes me up. Before you can get your FTMO Account, we need to be sure you can trade responsibly and manage risk properly as, in the future, we can use your simulated trades performed via the FTMO Account when trading on our own account on real financial markets. Mt5 summarizes your trades so if you open long of 1 lot then want to short 0. Do you practice hedging in your trading? If yes, then you are the right person who might be interested in the article we’ve prepared for you today. You need to demonstrate your experience by sticking to Maximum Loss Rules while making the necessary simulated profits of 10% of initial balance. No "gotcha" moments or stupid fine print rules. even if you need 8 accounts you would You don't get his logic, because you apply the same rules to a private account. For swing traders, it's a great improvement too once they actually get the funded account. Imagine you have the choice of trading the prop firm account value or a prop firm account with that value (your $100,000 or FTMO’s $100000). The issue here is that you see all the 'success' stories and no failure stories. Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. FTMO is legit, and I assume they have a lot of very successful traders. Real fuking hard. Se o Acordo de FTMO Account for assinado com sucesso, é-lhe dado o direito de utilizar a sua FTMO Account num ambiente de demonstração simulado com fundos All information provided on this site is intended solely for educational purposes related to trading on financial markets and does not serve in any way as a specific investment recommendation, business recommendation, investment opportunity analysis or similar general recommendation regarding the trading of investment instruments. So obviously, there’s something wrong with the strategy. Always payout, every time. However, we have a maximum capital allocation limit when you are an FTMO Trader, which is $400,000 (prior to scaling) per trader or strategy, at any given time. FTMO isn't all sunshine and rainbows, but they have the risk rules in place to protect you (and to protect their money). I think most of it comes to revenge trading and options instead of a stable cash account like FTMO where I don’t have theta or PDT. You have to be profitable to be able to make money on their A relação entre um FTMO Trader e a FTMO baseia-se no Acordo de FTMO Account que assinaremos consigo depois de passar o seu FTMO Challenge e Verification e criar a FTMO Identity. Doing well maxed my funding on FTMO, I see that as a bank now lmao, currently doing the prop firm challenge and using a trade copier to mirror my entries onto my ftmo accounts, and US30 only I made the switch to this around 6 months ago So it's been a while that I know FTMO, signed up with them at the end of 2019 not long after it launched, but failed the tests (2 100k acc tests), I then switched to trading cryptos (on personal accounts) and been quite profitable with that, and more importantly learned to trade better! Welcome to FXGears. They don’t use EightCap like many do, and systems have always been stable in terms of execution speeds, slippage etc. com's Reddit Forex Trading Community! Here you can converse… The r/GolfClash subreddit is dark from June 12th-14th in support of the Reddit Blackout Protest. Very happy with myself and my progress, especially that I started trading less than a year ago. No issues. Prices are relatively higher than other firms but Welcome to FXGears. Like the market owes me right. Let me guess, you don't have a backtested working strategy, can't manage your risk, you're overleveraging, can't handle your emotions, you're bitter and blaming FTMO/others for it. 3200$ Yes , I keep it in mind however one question I still have if I'm in gains of let say 1k , does the daily loss self adjust? Another question is about hedging a trade but from my experience they would still consider the hdged loss not the winner ,so for this experience I won't be hedging my trades The rationale behind this rule is to discourage traders from using hedging as a means to manipulate market prices or artificially create an advantage over other market participants. yeah can someone explain me why it wouldnt work with 4 accounts? im thinking about this the whole day and i dont understand why this wouldnt work, if you go with the prices for usual prop challenges and their dd rules and so on you can get to payout with 100% chance using 4 accounts and the profit will cover more than 12 account fees + you get a refund. There are 4 different challenge accounts you can pay for: $10,000, $25,000, $50,000, and $100,000. What Is An FTMO Trader? Is FTMO A Hedge Fund? Is FTMO A Pyramid Scheme? What Can You Trade On FTMO? Is Trading With FTMO Halal? Prop trading is an exciting way for experienced investors to speculate on the financial markets with serious capital and reduced risk. I've made 4 withdrawals since May. You can lose 10% on FTMO with 10% target, so you have to double your account. We do not place any limit on the number of accounts you can have in the FTMO Challenge and Verification stage. I used to commented on youtube about how bad the slippage and spread was on MFF so I used FTMO even though FTMO is harder. I say that because they have great customer service, cheaper prices than FTMO, great community and the owner engages with the the traders and does give a ways and discounts very often. Why isn't there any proof of FTMO scamming people. Utilize the Golf Clash Discord for questions and chatter. As part of expanding our product offerings and improving our service to FTMO Traders, we came out with a new app called Margin Calculator at the end of EA uses a well-calculated hedging strategy to either pass the prop challenge or recover the cost of the challenge (challenge fees), so you don't have to pay for another challenge if the first one fails. All information provided on this site is intended solely for educational purposes related to trading on financial markets and does not serve in any way as a specific investment recommendation, business recommendation, investment opportunity analysis or similar general recommendation regarding the trading of investment instruments. Just wondering how any funded traders on here deal with the news rule on FTMO, that a trade cannot be left or entered within 2 min either side of the news release? The best prop firm besides FTMO AID The Funded Trader In my option. Trust the process and don’t give up. 1600$ 5. Technically a risk-free trade but it's essentially gambling which FTMO is cracking down on. You initially pay for a challenge account. But they do not provide any more details. None of the people that fail post anything up on reddit because there is no point, while the people that succeed (which is a tiny %) are on here having their 15 mins of fame before 99% of them inevitably lose the account which they attained through luck rather than actual trading skill. While it is exciting to see the amount of FTMO passing going on, I need to be a buzzkill and remind you that the majority of people fail those challenges and just keep taking them until they pass. . 331K subscribers in the Forex community. Was surprised when the transfer hit my account wasn’t expecting it, but it’s legit. Took alot of shit from other people. If you're in the scaling plan, you get a new "initial balance" reflecting the "scale up". For this hedging process to work, you will need two accounts: a prop challenge account and a live account funded with a smaller amount. - To be with other like-minded forex traders. joywngrzupqaghctbnvovmztniyufvmszfczbnvkiugryup