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Ftmo hedging reddit
Ftmo hedging reddit. 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. Reply reply I want to compound a real account with these returns. However, we have a maximum capital allocation limit when you are an FTMO Trader, which is $400,000 (prior to scaling) per trader or strategy, at any given time. Hopefully trading view can fix this because it's pretty annoying as you have to be in front of the chart when it hits you're level when you want to take a partial. I'm by no means bragging, I'm simply stating that FTMO is worth it and anything worth doing is hard. While it is exciting to see the amount of FTMO passing going on, I need to be a buzzkill and remind you that the majority of people fail those challenges and just keep taking them until they pass. Mt5 summarizes your trades so if you open long of 1 lot then want to short 0. I traded a little more aggressively than I wanted to on this account but it ended up paying off. Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. 1600$ 5. 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. But for the challenge, they're faced with the same problem as before. However, it is not a good idea in long-term. They just dont allow opposite trading. Welcome to FXGears. But they do not provide any more details. com, a trading forum run by professional traders. Indices usually gap at market close. I want to compound a real account with these returns. In the other note I believe in every single one y’all who are trying to make a change. They don’t use EightCap like many do, and systems have always been stable in terms of execution speeds, slippage etc. I honestly don't hedge too much so not a huge issue. 331K subscribers in the Forex community. Utilize the Golf Clash Discord for questions and chatter. 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. 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. Then you have to complete the challenge where you have to make 10% in one month while adhering to their drawdown conditions. So you cant hedge the same security on different accounts. We do not place any limit on the number of accounts you can have in the FTMO Challenge and Verification stage. 5-1. Swing traders can go through a multi-month drawdown even with a profitable strategy, b Hello, good day everyone. 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. 400$ 3. 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. The issue here is that you see all the 'success' stories and no failure stories. Was surprised when the transfer hit my account wasn’t expecting it, but it’s legit. 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. Took alot of shit from other people. FTMO isn't all sunshine and rainbows, but they have the risk rules in place to protect you (and to protect their money). 391K subscribers in the Forex community. 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. 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. Some traders will over-leverage and hedge orders during this event. Can't go wrong with FTMO. The reason this happens is because the ftmo/funded account allows hedging of positions. 5 it will sell 0. 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. People bitch about higher cost and FTMO being 'plain jane' without all the bells and whistles, but that's what makes them great. 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. Prices are relatively higher than other firms but Welcome to FXGears. For this hedging process to work, you will need two accounts: a prop challenge account and a live account funded with a smaller amount. You need to demonstrate your experience by sticking to Maximum Loss Rules while making the necessary simulated profits of 10% of initial balance. 8 - Win rate of 55-60%. 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. 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. I passed, focusing on my risk management, not profit. The real question is do YOU have a consistent and profitable method? That is the real question. 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 $100000). You initially pay for a challenge account. I think it might be prudent to set reminders up on every FTMO pass thread and ask the OP how they are going after 3-6 months. Just wondering how any funded traders on here deal with the news rule on FTMO, that a trade cannot be left or entered within 2 min either side of the news release? The best prop firm besides FTMO AID The Funded Trader In my option. Why isn't there any proof of FTMO scamming people. FTMO's 70/30. even if you need 8 accounts you would You don't get his logic, because you apply the same rules to a private account. I've made 4 withdrawals since May. Got to give it to FTMO. I think most of it comes to revenge trading and options instead of a stable cash account like FTMO where I don’t have theta or PDT. Your first goal for the day is developing good trade ideas, a close second is managing risk. Damn thinking back I was smart af. I'm not sure if the 5ers do it or not. Now that MFF is having some issues due to their business model that involved using money from challenges to pay traders. The article will describe how to save money if you have some hedged positions. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! Hi guys, Hope all is well. 800$ 4. -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. You will never have worry about a "MyForexFunds" moment w/ FTMO. 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. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. Had a 5k day on my 200k account also. Deloitte doesn't hand that shit out like candy because their own brand's credibility is on the line when they do. So obviously, there’s something wrong with the strategy. Always payout, every time. 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. Currently hedging a loss though but i plan on catching pips all week. You can trade all the instruments and assets that are available in your trading platform (Forex, Indices, Commodities, Stocks, Crypto,…). (It messes with their algo bc they use bots to trade against their customers). 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. Most people only lose the challenge because of too much risk and therefore the mindset takes a hit. So you cant short the eur on one account and buy it on another. (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. 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. Hi all. There are 4 different challenge accounts you can pay for: $10,000, $25,000, $50,000, and $100,000. So this how the first FTMO payout went. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. I’ve been trading for about 2 years and have yet to make a consistent profit. Let me guess, you don't have a backtested working strategy, can't manage your risk, you're overleveraging, can't handle your emotions, you're bitter and blaming FTMO/others for it. I felt ready, and started my first ever FTMO challenge on Monday gone, ended up making 9% this week and I am around €70 from the profit target of €1000. If you can make 10% on FTMO for 5 months, on your private account you will have: Month 0: 100$ 1: 200$ 2. 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. Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. 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. 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. 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. 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. Technically a risk-free trade but it's essentially gambling which FTMO is cracking down on. The FTMO Challenge is the first step of Evaluation Process and educates you to master your trading habits. Sorry OP but that's a dumb question. If your system is profitable while respecting the rules, we’re happy to see you profit with us. - To be with other like-minded forex traders. Step 1 – FTMO Challenge. 5 of your long l think. 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. You can lose 10% on FTMO with 10% target, so you have to double your account. Reddit has made some changes in their billing for API calls that effect ALL of 3rd party developers that have alternate apps. Now we can trade through high impact news and hold runners over the weekend if we want. Like the market owes me right. Going to do some testing when the market opens. FTMO is legit, and I assume they have a lot of very successful traders. . Trust the process and don’t give up. 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. If you're in the scaling plan, you get a new "initial balance" reflecting the "scale up". Trying too hard and studying too hard has diminishing returns and is counterproductive. When the rule against hedging is in effect, traders are generally prohibited from holding opposite positions in the same currency pair simultaneously. For swing traders, it's a great improvement too once they actually get the funded account. Real fuking hard. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. Our FTMO Challenge is the first step of our Evaluation Process. 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. 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. Don't take advantage of gaps in the market. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. 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. You can also view the available symbols on this link. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. But to your point about increasing from $140K to $300K: are you seriously proposing that a reasonable person, acting prudently, would let $160,000 sit in a a non-intrest-bearing-account if there was the slightest chance they may never receive that money? FTMO Margin Calculator. Commissions/spreads are low and competitive. 3200$ 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. No "gotcha" moments or stupid fine print rules. No issues. 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. FTMO has won international awards from fucking DELOITTE for 3 or 4 years straight. The subreddit has not kicked you out or gone private. Very happy with myself and my progress, especially that I started trading less than a year ago. They also allow hedging, if that's your thing. I just found out there is a hedge option you can request them turn on. 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. 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.
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