Basically, it forces a trader to close out of all trades by end of week which has many issues with trading strategies any longer than a few days to a week. To overcome this you need to adopt an effective day trading strategy. The firm has no choice ...

FTMO - For serious traders

It is a shame considering the fact that you apply excellent risk to each trade. Just an extended rough patch as Swing4Fence has pointed out. Certainly appreciate you showing a TE. I believe you are very very close to nailing it. Yes there are a few ...

FTMO - For serious traders

A good video. Just another risk to be aware of but hopefully an isolated case. Certainly would not want to hear of several traders reporting a "hacking" of their account. I also enjoyed his discussion about the long journey he took to eventually ...

FTMO - For serious traders

The dropping of the name hedge fund was not the main idea here rather it was to give a quick example of how professional traders might struggle so why wouldn't a retail trader. Remember hedge funds report their gains so it's fairly simple to get the ...

FTMO - For serious traders

Yes at funded stage more relaxed due to removal of the profit target however, generating significantly higher profits would likely only come from higher leveraged positions over a shorter time period since the trader is forced to be flat over the ...

FTMO - For serious traders

For 90% of traders that attempt the challenge they will fail for sure. We already know that about 8% make it through and to me this statistic sounds very reasonable. There are traders out there that make multiple attempts before moving onto ...

FTMO - For serious traders

Yes challenge and verification rules slightly different to funded account rules. Maybe the funded account rules should be set at all challenge and verification stages so traders know what they are supposed to do come the funded account. In any case ...

FTMO - For serious traders

Longer term the trader cannot control the black swan or flash crash event so it's a risk just waiting to show its ugly head. These events have happened not only in the major trading sessions but also in the quoted Asian session. Only way to miss ...

FTMO - For serious traders

The last part you wrote I certainly agree with you. By limiting the weekend trades it forces the trader to be either a scalper or medium term trader for the most part. They limit their risk by forcing trade closures prior to the weekend but at the ...

FTMO - For serious traders

It's a major return per annum if 10% is gained per month. It would drive $100,000 to $313,842.84 in just one year. How many top hedge funds can return 213.8% pa ? If professional traders struggle with it then surely retail traders would too. The ...

FTMO - For serious traders

Well done on reaching funded account status. Will follow along. Masterrmind .........

AkaMRP FTMO Journey

A critical post with great information. Thankyou. Masterrmind.........

FTMO - For serious traders

I will update them soon. Masterrmind ........

GamblerPro

Nicely done. Passing is the only requirement and you nailed it. Masterrmind ........

FTMO - For serious traders

Best of trading to you. Masterrmind ..........

FTMO - For serious traders

If you look at FTMO trading objectives and compare them with the other firm they are not the same. Firm 2 has more restrictions. Prefer not to get into a discussion here since it is a competitor but a quick read through both sites will clearly point ...

FTMO - For serious traders

Very nice outcome. Well done. Masterrmind ..........

FTMO - For serious traders

July. Although I was hoping that cTrader would be available. Masterrmind.........

FTMO - For serious traders

Yes that final move in your balance curve is where you shone brightly. Masterrmind .........

FTMO - For serious traders

Thankyou. Still pondering on how best to handle the 3 accounts. One at a time or all together. Haha. Masterrmind ..........

FTMO - For serious traders