Ftmo rules pdf. So far this month, I made $12.

Ftmo rules pdf In his articles, he describes in his style his simple trading systems, which could be used in multiple time frames, he carefully explains the theory behind every part of the system. To ascertain if a client has all the qualities we seek, we developed a 2-step Evaluation Process, which consists of FTMO Challenge and Verification stages. 5% per trade, increasing risk if 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. 10 out of 10. In our article today, we will look at the use of Fibonacci strategies for scaling in, as well as possible ways and when to effectively close a position in profit. Take a look at my performance in Free Trial. If you want to discover our Trading Applications you can sign up for a Free Trial and trade with FTMO account up to $400,000. Understanding the context and […] 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. As for high frequency trading (HFT) with an EA, FTMO does not specifically prohibit this type of trading, but they do have some restrictions on the use of EAs. as a seller (“we”, “our”, or the “Seller”) in connection with or on the basis of a purchase of goods by the Buyer from the Seller as an FTMO has specific rules and guidelines for trading in their Challenge and Verification phases, and it is recommended that you review these rules before starting your trading. EA has clearly defined rules based on which the positions are executed, so there is no psychological stress or problems with discipline. Aug 16, 2023 · Understanding the intricacies of the FTMO challenge fees and rules is paramount for anyone aspiring to tap into the lucrative opportunities this platform presents. FTMO Challenge Rules. Among these innovative approaches, Smart Money Concepts (SMC) has emerged as a compelling force. Following these hours helps avoid sudden market changes, making it easier to plan trades. Things you need to consider Why Do You […] 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. The purpose of the Free Trial is to serve our new clients to see how it works and assess their trading skills to see if they have what it takes to pass an FTMO Challenge and Verification. Basic elements The foundation of any trading strategy begins with the generation of an idea, which could come from market analysis, news events, or a broader economic perspective. Explore the specific practices and guidelines that govern this firm's activities in the financial markets. , economic reports, earnings), technical indicators (e. It’s key to know and follow the ftmo rules for trading hours in the FTMO program. But the reality is different, large positions will not bring you quick profits in most cases. Here at FTMO, we are very aware of this, which is why we provide the services of our Performance Coaches to our FTMO Traders who have completed the Evaluation Process and have an FTMO Account. After you sign up, you can either start an FTMO Challenge right away or, as we usually recommend, start with our Free Trial, which is a free version of our FTMO Challenge intended for practicing purposes. Yes, a lot of help/information available. com The vast majority of inexperienced traders think that a few large enough positions over a few days is the ideal way to make quick and high profits. The general rule of thumb is once the market is inside the value it will more likely stay in balance and explore inside the range of the value. This time, we’ll talk about what orders traders can use in their trading platform when entering and exiting trades. FTMO offers traders several features to help them pass their trading challenge, including a 14-day extension if they reach 5% profit within 3 days of the end of their challenge. xls / . By carefully executing forward testing, traders can validate their strategies […] In the ever-evolving realm of finance and investing, the rise of the internet has sparked a wave of modern trading concepts and strategies. The top-performing affiliates will receive a reward in the form of FTMO Points, with amounts corresponding with our three largest FTMO Challenge sizes. We can declare with a clear conscience that the biggest obstacle for conservative traders who had problems due to increasing their positions to meet 5 days ago · FTMO Rules: Trading objectives. A proper approach to trading, where the trader risks the same amount on […] Every trader should have a clear idea of how big their position will be before entering a position to meet their money management rules. FTMO Accounts can be increased to a maximum initial balance of $2,000,000! Please refer to the detailed summary table below for a comprehensive breakdown of our scaling plan requirements. There are four basic Trading Objectives you need to know to become an FTMO Trader and trade up to $200,000 on your demo FTMO Account. We allow a maximum capital allocation of $400,000 on FTMO Accounts per trader or per strategy, at any given time. Step 2 - Verification. This helps traders work in a predictable way. In case any of the above-stated reasons are detected after an FTMO Account Agreement between FTMO and the customer has been concluded, FTMO reserves the right to terminate the contract concerned. Key rules include: Profit Target: Achieve a certain profit target, usually 10% for the Challenge and 5% for the Verification. Please note that platform servers have 200 orders at a time and 2000 max positions per day limitation, just as the limited acceptance of the server messages (orders and order modifications such as updates of The only Trading Objectives we require you to respect are the drawdown rules (Maximum Daily Loss and Maximum Loss), which are the most important rules we care about as these are the fundamentals of trading and we may use data on your simulated trades to perform our own trades in real financial markets. In addition, if the trader violates the rules of the FTMO Challenge, he or she will be refused further evaluation. No, in order to apply for the Supreme Status, the $400k FTMO Account must merged only from at least two $200k FTMO Accounts or one single $400k FTMO Account. It goes without saying that risk management is the most important part of trading. In the last section, dedicated to our FTMO Evaluation Process, we explain the basic rules you need to follow to pass an FTMO Challenge and a Verification. Every strategy should allow for periods when it fails and should allow for a series of losses that it can, in accordance with the rules of risk management, manage just fine. How to Easily Pass FTMO (5 Rules) - Free download as PDF File (. I would advise new people starting the FTMO Challenge to first focus on understanding the rules of prop firm which is very important, they should have their own set of rules, target, risk reward, focusing on high quality trades only and they should embrace loses and learn from it instead of overtrading which mostly lead to breaching rules. 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. But is this concept, born in the digital age, really worth the attention of investors and traders? This […] “The FTMO Challenge acts as a proving ground for traders to demonstrate their ability to meet trading objectives and adhere to our stringent rules and regulations. ly/3Z38vO8 ️Traders with Edge: https://bit. cash, US2000. Apr 8, 2022 · FTMO E-SHOP TERMS & CONDITIONS . cash, US100. In the next part of our series on successful FTMO Traders, we’ll have a look at a trader who bet on correlation across asset classes and managed to achieve an interesting return. Feb 20, 2024 · FTMO’s 10% profit target for a normal account in the FTMO Challenge is a little bit on the high end of the industry standard. 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. ly/3STGFCNThe world of finance offers individuals numerous In one of our recent articles, we discussed the execution of orders in forex. Understanding and following the FTMO Challenge rules is vital to passing FTMO Challenge. FTMO Agreement รวมคำถามที่แปลจากหน้าเว็บของ ftmo คนสอบ ftmo ต้องอ่านก่อนสอบ รวมทั้งกฏและเงื่อนไขการสมัครสอบทุกข้อ เราแนะนำให้คุณอ่านทุกข้อ! No one learned from heaven. xlsx), PDF File (. What are the rules for the Performance The same principle is applied by traders to the financial markets. Welcome to the MQL Programming Guide. Trader Denys: “I’ve learned […] How to start? Before you decide to accept an FTMO Challenge, we want to make sure that you know what you are up against. Dec 15, 2024 · Connect with us:🔷Telegram: https://t. All the YouTube information, interviews with other traders who are now FTMO Traders, weekly emails, and information on the FTMO platform. , offered through the www. Contrary to my expectations, adhering to the risk management rules was easier than anticipated. Await an email from FTMO regarding the review of your account. For those who want to simplify their order entry in MetaTrader, we have created an application called FTMO Quick Trade Manager. This discipline not only protected my capital but also contributed to my overall success in the FTMO Challenge and Verification stages. Step 1 - FTMO Challenge; Step 2 - Verification; General Disclaimer: The FTMO Platform is an online demo trading platform offered by VRGK Tech Pty Ltd FTMO Trading Global - FTMO Account Agreement_sample_Apr2023 - Free download as PDF File (. g. On the other hand, those who have already completed the FTMO Challenge appreciate that the loss limits have taught them to stick to a trading plan and a strategy, which has led to more consistent results. Bitcoin and other cryptocurrencies are known for their high volatility, which makes them an attractive but also challenging target in the eyes of traders. Position Size Calculator How to take the FTMO Prop Firm exam? This article introduces the rules of the FTMO exam, the size of the funds provided, the registration fee, etc. It then outlines a strategy of taking trades with high reward-to-risk ratios and adjusting risk percentages based on account performance. A lot of prop firms also have a 10% target, but you can find some with lower objectives. Thank you. FTMO - Free download as Excel Spreadsheet (. The FTMO Challenge stage has reasonable rules, where the Profit Target is in balance with the drawdown we allow you to take. When trading, you don’t have to deal with 9 to 5 working hours, unachievable deadlines or an annoying, arrogant boss who can’t appreciate your work because he doesn’t understand it. The fourth rule is called Profit Target. Step 1 - FTMO Challenge. Before you can get your FTMO Account, we need to be sure you can trade responsibly and manage risk properly as, in the future. FTMO ACCOUNT AGREEMENT This FTMO Account Agreement (the ³Agreement) governs rights and obligations in connection with the use of services provided by FTMO Trading Global s. 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 If you would like to combine your individual FTMO Account into a single master FTMO Account, we can do so upon request. FTMO, for example, has a two-step evaluation process: FTMO Challenge: The initial phase where traders must meet specific trading objectives while sticking to a few rules. And because we are thinking also of those who have not yet obtained an FTMO Account, we have prepared a Trading Psychology Course for all registered clients. me/4915203514997?text=Let%20us%20talk🔷Instagram: https://www. ftmo. Trader Carlos: “Build your trading plan that […] Vegas is a nickname for a former local trader named Barry Haigh, who achieved fantastic gains as a forex trader. Specifically, it recommends initially risking 0. When they don’t want to break the risk management rules, they set an unnecessarily narrow stop loss, which can cause even a good trade to end in a loss. pdf), Text File (. It includes your trading goals, strategies, risk management, and evaluation methods. Minimizing mistakes during the FTMO Challenge will definitely increase your chances of success and can generally benefit your trading. com website (the ³Website´). Aug 11, 2022 · However, once you become an FTMO Trader and manage an FTMO Account or FTMO Account Aggressive, they require you to close your positions just before the markets close for the weekend or if the rollover (market break) is longer than 2 hours. From managing emotions during losses to maintaining discipline when things were going well, these traders emphasise the importance of sticking to a trading plan and managing risk effectively. cash, US500. It bridges the gap between theoretical expectations, backed by data, and practical application in a live market environment. The key components of the described strategy are Ichimoku Kinko Hyo (Ichimoku Cloud), Relative […] Maximum Daily Loss is a crucial rule in not only our Evaluation Process but also during the performance of the FTMO Account. On the left side, there is no price action, therefore, we cannot draw any S&R levels. Maximum Daily Loss: The maximum amount you can lose in a single day, typically 5% of your initial account The FTMO Challenge is the first step of Evaluation Process and educates you to master your trading habits. The document outlines the 3 step FTMO trading program which includes: 1) The FTMO Challenge which lasts 30 days with objectives of meeting a minimum of 10 trading days, not exceeding a daily and total loss limit, and hitting a profit target based on initial balance. The article will describe how to save money if you have some hedged positions. It explains that the challenge requires earning a 10% profit in one month without losing more than 10%. Traders should also watch out for ftmo rules for economic news. The third rule is called […] What is a Trading Plan? A trading plan is a comprehensive framework that guides all trading activities, ensuring consistent and disciplined trading practices. , chart patterns, volume analysis), or a combination of both. Here’s what our new traders Denys, Jorge Miguel, Halil, and Mostapha think about it. 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. In the hunt for profits, traders often open too large positions, hoping to make a lot of money in a short period of time. Verification: The second phase where traders must confirm their trading skills and risk management abilities. Another advantage is time-saving, especially if the EA is sufficiently tested and fine-tuned (of course, the testing itself can take some time and should not be underestimated by the trader, but the EA can do This document describes how to receive $100,000 in trading capital from a proprietary trading firm. FTMO only provides services of simulated trading and educational tools for traders. View 8. 2) A Verification, where applicants have up to 60 days to meet reduced profit 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. The offered technical solution for the FTMO platforms and data feed is powered by liquidity providers. Forward testing, also known as paper trading or walk-forward testing, is a crucial step in validating a trading strategy under real market conditions without risking actual money. But if the market is an imbalance, it will often drift higher/lower until it stops which is usually inside a previous value area. Traders need to prove their trading competence first. Nov 6, 2024 · The FTMO Rules Monitor is designed to help you stay within FTMO’s strict risk management guidelines directly on your chart. Once you start trading on the FTMO Account, we want you to trade as comfortably as possible and therefore no minimum trading days rule is required anymore. Although most traders think they are losing money in trading because of flaws in their trading strategy, the truth is that in most cases they are not using proper risk management. The trading objectives show the level of discipline, commitment, and responsibility that a trader has towards How about a Free Trial? We offer a Free Trial account, which is an abridged version of an FTMO Challenge. Asset diversification is mainly addressed by long-term traders, who can address this method of return protection by investing in different asset classes or […] The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local laws or regulations. r. All trading objectives, such as maximum daily loss and maximum overall loss FTMO only provides services of simulated trading and educational tools for traders. There is no simulated profit due for withdrawal. Thus, an approach where the trader makes seemingly small and insignificant changes can prove to be highly effective. According to the rule, the sum of all positions (closed+open) must not hit or exceed the Maximum Daily Loss (MDL). Key points include: - The services are intended for persons over 18 years of age and are not available in certain restricted jurisdictions. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local laws or regulations. Just like our new FTMO Traders Carlos, Tolulope, Putri and Oluwatobi. These rules tell when trades can be made. In the next part of the series on successful FTMO Traders, we will have a look at a trader who followed strict risk management and money management rules during his trading period, thanks to which he had no problem achieving consistent results. me/New_Capital_Bot🟢Whatsapp: https://wa. May 22, 2023 · ⭐ RECOMMENDED PROP FIRMS⭐ ️Blue Guardian: https://bit. The system presented in this series will follow the rules set by Ken Wood and his followers. Once I internalized the importance of these rules and saw their benefits, they became second nature. FTMO has processed millions in payouts across 180 countries, reinforcing its reputation for reliability in the prop trading community . . o. Maximum Drawdown (Maximum Loss): A 10% total loss limit is imposed. You are the master of your time, which is your greatest asset that no one can deprive you of. Obtain Phase 2 login details from your client zone after passing Phase 1. This series will cover the following chapters: Introduction to Woodies CCI Presentation of used indicators Trend signals Exit trade rules Counter-trend signals Conclusion FTMO only provides services of simulated trading and educational tools for traders. A certain amount of luck is necessary in trading, as in any other business. The strategy is suitable for both […] By using a third-party EA, you potentially run a risk of being denied the FTMO Account if you exceed the maximum capital allocation rule. How did they navigate through the evaluation process? Trader Abdelwahab Omar: “The […] Discover in detail the rules that govern FTMO, one of the leading CFD Proprietary Firms (Prop Firms) in the trading world. This rule ensures risk is managed tightly . Whoever can admit a mistake and eventually recover from it, has half won. What do our […] Without a plan and clearly defined rules, it is impossible to achieve consistent results not only in forex, but in any business really. If a trader hits this limit, the account fails . Trading using Fibonacci sequences and retracements is a popular technique that helps traders identify key price levels to enter and exit positions. Our FTMO Challenge is the first step of our Evaluation Process. txt) or read online for free. We will not deal with the reason why a trader enters long or short, the key is that when the market goes against the trader, the trader should open a new trade in the direction of the first trade, but the volume is twice as big. FTMO Quick Trade Manager for MetaTrader At FTMO, we strive to provide our traders with better and more sophisticated solutions to help them achieve best results. instagram. Lessons Welcome to Eloa Private Club All you need to know The rules are closely aligned with the paid version of the FTMO Challenge, although the minimum trading days and required Profit Target are halved for the trial At FTMO, we encourage all traders to avoid these unfortunate situations due to the fact that negative weekend gaps statistically occur more often than the other more-pleasant scenario. This rule change was based on the report FTMO sent me for my FTMO Challenge. Our FTMO Traders having the FTMO Account must respect the market timings. 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. Sometimes this happens even if the trader follows his rules, but most of the time, it is caused by the trader starting to break his rules and making "unforced" errors. Step 1 – FTMO Challenge. So far this month, I made $12. The FTMO Challenge is the first step of Evaluation Process and educates you to master your trading habits. In this article, we will cover everything you need to […] 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. Rules. Note we don’t grant an FTMO Account based on any past track record. In this new series we will focus on the popular Woodies CCI system. This is especially true for those traders who have experience trading on a small account and may initially struggle to manage such large sums after moving to a larger account with FTMO. A well-structured trading plan answers the “what, when, how” of your trading activities. Our first trader is proof that you don’t need to open large […] Here we see our trade in the bigger picture. It outlines a two-step process: 1) A Challenge, where applicants trade a simulated account for 30 days following objectives like maintaining a minimum 10 days of trading and achieving at least 50% positive days. At FTMO, educating our traders is the highest priority and therefore we provide trading education and resources through our FTMO Academy, catering specifically to novice traders. pdf from ECONOMIC MANAGERIAL at University of Vienna. GENERAL PROVISIONS. 21 while following FTMO rules which keep my risk in check and make me a better trader! Start your FTMO Challenge today ftmo. The strategy focuses on the effective identification of the main trend, corrections and the precise timing of entries and exits. ” – FTMO Spokesperson. As a part of special promotional campaigns – particular rules will be determined during the marketing campaign. We call these rules Trading Objectives . You are under Nov 9, 2024 · The table below summarizes the key rules for FTMO’s Funded Accounts, covering the main aspects like daily loss limits, drawdown, leverage, and specific rules on holding trades and using trading tools. On the contrary, every successful trader should do everything possible to limit the influence of luck on their results as much as possible. These rules say not Unlike the FTMO Account, the FTMO Account Swing does not have restrictions for news trading nor holding trades over the weekend. , including simulated trading and educational tools available on their website. For news announcements affecting USD, the restriction applies for Forex pairs with USD currency involved, just as for any of the offered Indices, namely US30. Ideas can be driven by fundamental factors (e. Before you can trade on a demo FTMO, we need to see how you can manage risk. Random trades without clearly defined rules cannot work in the long run. Because of this, we have developed Trading Objectives. The FTMO Platform is an online demo trading platform offered by VRGK Tech Pty Ltd Before you can trade on a demo FTMO, we need to see how you can manage risk. Dive into the fascinating universe of FTMO and gain a deep understanding of the essential rules that guide trading within this company. Read what our new FTMO Traders […] What is FTMO? FTMO is a project looking for experienced clients with trading experience. Also, please note that the merged $400k FTMO must go through the Prime Status first in order to be eligible for the Supreme Status. After passing the FTMO Challenge, traders move to the account verification stage. Three FTMO traders reveal the emotional and strategic challenges they faced during the FTMO Challenge. We know about the MT4 function that many traders are unfamiliar with or haven’t […] Achieve the 10% profit target and adhere to FTMO’s rules. The rules set up for the simulated trading in the FTMO Challenge are based on the real rules applied in financial market trading by investment companies and also in real trading on FTMO's own account, especially in the area of risk management. 1. Our strategy today focuses on a combination of trend and momentum indicators that are not commonly used, giving traders an edge in a dynamic market. And our new FTMO Traders have had a similar experience. If we consider a live execution model, then the chances of negative slippage over positive slippage are 3:1 as positive slippage is less likely to take place 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. These FTMO e-shop Terms and Conditions (“ETC”) govern rights and obligations between the natural or legal person as a buyer (“you”, “your” or “Buyer”) and the FTMO s. How to pass an FTMO challenge@SmartMoney_Mindset. We call these rules Trading Objectives. Please note that your status (Natural Person, Legal Entity) will be based on the option you selected during your first order purchase, depending on We are introducing a sophisticated trading strategy that combines technical analysis with the use of several advanced indicators and multi-timeframe analysis. Our trading rules are designed to help them do this, as proven by our new FTMO Traders Hesam, Muhammad, Karen and Timea. This document outlines the general terms and conditions for using services provided by FTMO Evaluation Global s. 1. In the first category of the Academy, within the section on the Basics, you will find four chapters. While this may seem like a simple and obvious matter at first glance, using the right orders can help a trader better […] 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. The relationship between an FTMO Trader and FTMO is based on the FTMO Account Agreement that we will sign with you after you pass your FTMO Challenge and Verification as well as the KYC/KYB process. Will withdrawals affect FTMO’s trading rules? No, withdrawals from FTMO do not impact the FTMO trading rules for funded accounts. Each FTMO Challenge needs to be traded from the beginning, regardless of whether you have passed one in the past. Empezar el FTMO Challenge _ FTMO - Free download as PDF File (. com/ne Many traders will always complain about the strict FTMO Challenge requirements. However, relying solely on luck in trading is certainly not the way to long-term success. Usually, the traders who want to become part of the FTMO already have some experience in the financial market, but even this cannot guarantee that all their trades will be closed exactly as planned. Please read this Agreement carefully. 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. Rewards for the Top 3 Affiliates in each Level: 🥇 1st Place: 1,080 FTMO Points; 🥈 2nd Place: 540 FTMO Points; 🥉 3rd Place: 345 FTMO Points; 4. By using the extension tool in our MT4 platform, we connected the start of the previous impulse with the end of the previous impulse, back to our retracement level. Category - Rules. Articles. , and provides a way for traders who are interested in becoming a funded trader to obtain a large amount of capital, and the biggest risk for traders is the loss of registration fees. It is set as 5% (or 10% in case of an Aggressive risk mode) from the initial account balance. FTMO Traders having the FTMO Account or FTMO Account Aggressive must respect the market timings. Of course, we can only […] Nov 15, 2024 · What are FTMO’s Rules and Objectives? Here are the main FTMO rules and objectives: Daily Loss Limit: Traders must not exceed 5% of the account balance in losses on any given day. This document provides strategies for passing the FTMO trading challenge. By choosing FTMO Points as the alternative for fee refund for previously purchased FTMO Challenge (fee refunds can only be transferred to FTMO Points in full, not partially). Traders can deal with these situations with various motivational exercises (if the incoming profits when sticking to the rules are not a sufficient motivation) or with penalties 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. Account Verification: Ensuring Trading Proficiency. We aim to equip individuals with introductory knowledge to navigate the financial markets and develop effective trading strategies. FTMO companies do not act as a broker and do not accept any deposits. FTMO-Updates-Rules-May-2022 - Free download as PDF File (. Instead of bets on red and, they bet on the short or long side. This can be understood as 2 FTMO Accounts – each with $200k, or 4 FTMO Accounts – each with $100k, etc. Whether you’re aiming for the $10,000 or the $200,000 account challenge, this tool provides real-time tracking of your performance against FTMO’s rules to ensure you don’t accidentally breach any limits. cash. Trading, like any other activity, is about long-term education, gathering experience and, most importantly, learning from one’s own mistakes. How would you rate your experience with FTMO? Very good. We have already […] FTMO only provides services of simulated trading and educational tools for traders. The combined FTMO Accounts need to be at least at their initial account balance to be merged and meet the following conditions: The FTMO Account is not in drawdown. However, once you become an FTMO Trader and get an FTMO Account, we require you to close your positions just before the markets close for the weekend or if the rollover (market break) is longer than 2 hours. The FTMO Challenge stage has reasonable rules, where the Profit Target is in balance with the drawdown we allow you to take. At the […] 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. The good news for all our FTMO Traders is that the Minimum 4 trading days Trading Objective is present only during the Evaluation Process – FTMO Challenge and Verification. Of course, the basic premise is that the trader should have these rules clearly set out within his strategy and not change them during the course of trading, as such trading is pointless. A well-constructed strategy gives the trader a statistical edge, which in turn gives the trader the peace of mind needed to perform and achieve long-term stable results. Anyone who wants to take trading seriously and be consistently profitable must have a clearly defined trading plan and a strategy, which he can trust. Achieving short-term profit is one thing, but at FTMO it is important to be disciplined in long-term and to follow the risk management rules, which are essential for your account longevity and trading success. There is no time limit within which you need to pass the Profit Target, the Trading Period is indefinite. You need to demonstrate your experience by sticking to Maximum Loss Rules while making the necessary simulated profits of 10% of initial balance. Free repeats and 14-day extensions are also no longer needed because traders trying an FTMO Challenge and a Verification don't have to watch whether they can make 10% in 30 days or 5% in 60 days. These guidelines set the benchmark for trading expertise and act as a roadmap. We are going to start with basics and slowly continue to more advanced stuff. Before FTMO provides traders with a funded account, the firm wants to assess their risk management level which is why the trading objectives were developed for both steps of the FTMO evaluation course. Talented FTMO Traders who meet our Scaling Plan requirements are rewarded with a 25% increase in their FTMO Account balance and a bigger reward of 90%. zqmdc tix mcof yvksz avelh eki zsuue cexxkh mqwzeoj vpat