How does ftmo make money redditl

How does ftmo make money reddit. It was a fucking good feeling and a little bit weird? But i said to myself ,,ok, in trading you can really make money but you should learn trading professionally when you really want to make money with trading“. 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. I chose MFF because they were cheaper and had an easier to pass evaluation model. And even challenge is not so gambling because 1 phase: make 8 with 10 drawdown (55. An interesting strategy you can do is place buy stop above resistance levels, sell stops below support levels on the 15-minute time frame, and make sure you have the proper stop loss set. My view on copy trade is different, especially because we work with it. com, a trading forum run by professional traders. In the other note I believe in every single one y’all who are trying to make Step 1 – FTMO Challenge. The leverage is only 1:30 instead of the usual 1:100 however it is easily compensated by trippling your lot size. You shouldn't care if The beginning of a new year marks a perfect time to look back and evaluate what has been done in the past year and what can be improved in the upcoming one. 000, they will payout the profit split every month or at the selected profit split date. and the institution behind copy the ftmo profit trader is 3-5/10 of 1%. 5ers claim that their risk management desk hedges exposure with liquidity providers, if they do then commissions can be real and they can make money without relying on failed challenges. If you don't have one, you're still in the strategy discovery phase. Be sure to be a profitable trader though before taking these challenges or you will just waste a lot of money! Does it matter how they are making money? you get paid for the profit you make and that's all matter. A lot of people think that if you have a $10,000 FTMO account vs. I'm currently recycling my profits for more challenges. evaluation fees and if you are a profitable trader then they'll start copying your trades so my question was how much* money realistically before FTMO starts copying Good afternoon Traders! I have successfully passed my $100K FTMO challenge. FTMO only provides services of simulated trading and educational tools for traders. FTMO or any Forex funded account for that matter, is not worth your time and doesn't make you any money in long-term. Since So this how the first FTMO payout went. This is my 3rd time with FTMO. Could you help us with your clone account size? And i really curious if you scale it up to >1-2M$, will FTMO do something with you? Thanks a lot for your answer. Periodically, we can allocate more balance into your FTMO Account if you’re consistently profitable. 5ers allows 3 instant funding accounts (can be scaled up to 3 x 4M). com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! You can start with 100-200$ for the smaller account then make some money to can try bigger accounts like 50k-100k. So, make sure you don’t set unrealistic expectations with it. A trader can make $10K on a trade but FTMO might make $50k-$100k on that same trade and that’s just in respect to that one trader. 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. I think a lot of people don't realize that many of the traders that pass the challenge fail to make their first withdrawal because they fall off after getting funded. 5%) 2 phase: make 5 with 10 drawdown (66. 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. We prepared a quick article to reveal some well-known as well as lesser-known statistics and figures that you might find interesting. Was surprised when the transfer hit my account wasn’t expecting it, but it’s legit. 25? However, you can use Reddit to find ways to make money. Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. FTMO has built a solid reputation in the world of proprietary trading. When you make profits on FTMO, you will be charged 30%, and you can keep the rest 70%. FTMO has paid out over $130M in profits to traders on their platform in over 180 countries. Learn, network, and use leverage to discover opportunities. 666 = 37% natural probability if you are a monkey. If you succeed you are working on 10k account even if it’s says it’s a 100k one, so if you want to make 1k per day you have to make 10% per month, fir that better do it with your own money and you can make way more if you are able to make 10% per day So you are failing to see, that prop firms are the brokerage that you are talking about, they just have opened up there doors with trading evals. 25% a week. They are 100% legitimate, if you can trade profitably and manage risk then you can make a lot of money with MFF. They will never give you access to their own money. It’s in their terms and conditions. I dislike the drawdown rules but I understand they are there to kind of protect the trader and to get them thinking about risk management. If you only care about money you’ll probably give up too quick. Start trading with up to $200,000 on a demo FTMO Account. You can withdraw your reward anytime between 14 to 60 days from your first trade on your FTMO Account (Profit Split). FTMO is hard to pass even for good swing traders as we have lower trading frequencies + Not only do you need a positive month but it must be extreme asking for 10% in 21 trading from a swing trader with good risk management is very harsh/unreasonable. If you meet the conditions of our Scaling Plan, not only do we increase the balance of your FTMO Account by 25%, but you will be entitled to a 90% payout. The amount of capital you get is great for Key Takeaways: FTMO generates revenue through a combination of client payments for access to training programs and resources, as well as its own trading activities. It is [] How does it all work? FTMO Challenge. Now that MFF is having some issues due to their business model that involved using money from challenges to pay traders. Funded traders can begin trading with up to $400,000 with leverage of 1:100 and keep up to 90% of profits made. Then obviously cut the methods that don't work and add to ones that do. It's a neat thing to do if you're going to waste that money anyway. It is definitely not that easy to make money as many social media influencers will try to show you. Like, they think that if you have more money, you'll make more money, even if it's fake money. Do my statements make sense? If yes, why would anyone not go for a swing account? You have to make a withdrawal before you can get the refund, if you account is negative you can’t take money out and can therefore not get a refund. I know I can make money with normal brokers with my style so I will stick to this. Traditional prop firms who have physical trading desks make their money by selling order flow. Hello, good day everyone. and that's it. So OCCASIONALLY they'll make 20-50% gain on a dispensable account and 2-5% on their compounded. You’re trading a simulated account, even when you pass and get “funded”. The FTMO Challenge is a comprehensive digital product consisting of educational materials, trading and analytical applications and, in particular, a simulation of real trading with currency pairs and other financial instruments where This way you can determine whether you actually have expectancy in the market and whether if you actually can make money with the strategy you are tracking. 25% of $500? $6. This is basically impossible in ftmo due to their spread. Can you make money on Reddit? Yes, you can earn I'm debating if I'm good enough to give ftmo(10k account $150) a try or maybe do a 1-2 k live money account. This isn’t a problem in higher time frames, however the way I make money is scalping a few minutes. Then you should consistently aim for something like 2. you can't overtrade ir take high risk like you trade your own money. Thus, during our time on the market we have been able to create more than 138,000 FTMO Accounts for our FTMO Traders. All of them have 20-30% WR with very high RR. It is a big NO. They make money by seeing how long you're profitable and then they copy your trades. If you prefer to keep your Profit Split on account to grow and accordingly build Successful candidates gain the opportunity to manage an account balance of up to $400,000 and keep a significant share of the profits they generate. Our FTMO Challenge is the first step of our Evaluation Process. In a nutshell: FTMO is an exciting top-notch proprietary trading firm loved by thousands of seasoned traders. I lost a good amount of money selling too Getting a job or two can teach you a lot especially if you try to learn from every experience. Over 90% of people who apply for ftmo fail their challenge, which of course is expected due to the high failure rate of retail traders in general. Also, make sure your “why” isn’t money. I can't find the stats on how many traders have been funded for the year 2020 in FTMO. Those who are really skilled and experienced can make very good money through FTMO without risking their own capital. Unfortunately, a lot of people will pass the challenge & verification and fumble From the beginning, FTMO's goal has been to help skilful traders solve the problem of undercapitalization. Similarly, if users downvote you, your karma score will drop. The best thing I found to do is just to sit out of the market and take a step back if I'm really not feeling the price action. 5% average monthly return, which is very doable with a working strategy and good risk management and trading psychology). Well, we’re about to find out who the liars are I think. As a beginner expect to take a year learning a strategy and another six months to year mastering that strategy and then you’ll begin to see some consistency. what will be 1. How do their clients make money though? Assuming there is people who can make 10% a month without drawdown consistently, why would they need such restrictions? This screams shady business. We deliver a Trade on the platform and you pay only if there is a profit. on funded $100K account, $5000 a month means 5%, pretty much 1. I do think its good for good traders with no capital that can get through the evaluation cheaper than the capital provided and then make that money back plus some without breaking any rules. Do you know how i can see the amount of money i can lose with my stop loss on mt5? On tradingview when you move your stop you can see how much money it is (200$, 300$,etc. the rest, is like a dummy who happy , got certificate yay. It’s all managed proportionally for all of the traders based on petabytes of data that they have been collecting for years, and constant refinement of their analytical techniques and algorithms to maximize 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. On your personal $500 account, to make $5000 a month you will have to risk a lot and have to trade a lot. You can either make more money on your Live account or do more challenges to add more funds to the live account. or some that profit a little , they don't send info to prop firm cuz not make them good money. Got to give it to FTMO. You never know when you will breach any of the rules or when they changed any of their rules. With FTMO, once you get to the FTMO Trader stage you can receive real rewards for your performance. FTMO or any Forex funded account for that matter, is not worth your time and doesn’t make you any money in long-term. For stage 1 and 2, i do 1% per trade. In FTMO, the maximum daily drawdown limit allowed on a $100K account is 5% which is $5,000. Here's the dark truth about the business model behind prop firms such as FTMO and My Forex Funds. What is karma on Reddit? Karma on Reddit is equivalent to a user’s score on the platform. They could make 5x as much from their 90/10 split for a successful trader. 6%) So the probability to pass a challenge is 0. ( I stay off on mondays because my backtests shows me to stay away on mondays) Trading is not easy. 5-1. It is a big NO. Because for me, without the funded account, everything would just be on a paper account anyways. Profit split is 90/10 The reality is that prop firms like ftmo make ALOT of their money on people failing the challenge. When you make profits on funded platforms like FTMO, besides joining fees, you will be paying fees from the profits as well. Clients pay for access to training programs, analytical applications, and the opportunity to earn a real financial reward for successful simulated trading. Their unique evaluation process, thought-out and designed for traders of all levels, has garnered positive FTMO reviews and ratings. FTMO companies do not act as a broker and do not accept any deposits. Looking for serious traders. o Reddit. You’re not trading with real money. As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. But they do not provide any more details. The refund given is only on that The difference between FTMO Account and FTMO Account Swing is that, in the second one, you can trade through news and hold trades over weekends. They'll trade there normal compounded account with 0. The 10% profits a month is actually a trap set by prop firms like FTMO to make most of the challenge takers lose and for them to make easy money. 555*0. Prop firms make more money with successful traders, than they do with someone trading an account for 150$ a month. I invoiced FTMO Seeing a lot of videos lately of people passing FTMO challenges on Youtube. That’s how these platforms earn money. Btw if you want to practice before starting the challenge you can just keep working on a demo account using oprey server, and treat it like a real challenge My concern isn’t taxing as self vs LLC the real concern here is how to account the foreign income for tax purposes. Another point to note is that trading with own money is always better and profitable in long term. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Just make sure its a reputable company like FTMO, 5%ers, Skilled Funded, etc. So it all depends, I think getting funded is a good idea if YOUR STYLE suits the rules. For 5ers, if you make 10% every 4 months starting with their 80k account (max), you'll need 6 scaling cycles to get to 4M = 24 months = 2 years. After that you start your XFA where it’s still a demo account but you can request payouts. The more knowledge to have the more money you can make. Welcome to FXGears. Im funded with FTMO, TFT and TopStep aswell as having my own account. but received mine within 24 hours. I'll put it in the way I look at FTMO. Good luck This is essentially free money for them to offset losses. Now I can make a pretty consistent 50 in about 5 minutes if the trend is set up right. Trusted modern prop trading firm. a $1,000 regular account, that the position sizes on the $1,000 account wouldn't be anywhere close to the amount of potential risk you could have. 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. They’ll still give you payouts in the case you are successful but they will never give you an account with real money. I myself have made quite a decent amount of profits in my journey of forex trading. Trading is very hard but super rewarding. After that you get your winnings transferred to live account where you have to survive with the money you made. Yes, people do actually make money from forex. It’s all simulated. You can learn what to do and what not to do so you're better prepared when the time comes for your own business. During demo account I didn't consider how much money I had to invest and how much I could make off of it easier because of how much less I need it to move to make money. It doesn’t matter how much money you make on the funded account, it can be $1 or $100. When other users upvote your comments or posts, your karma goes up. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. ) Reply reply At FTMO, you can do both. I’m in Canada, after long discussion with my accountant, I found the best way to do a job remotely and get paid from foreign source is to treat this income as export business. 1% risk and trade-copy to there "dispensable accounts" with 10x multiplier. Forcing yourself to trade everyday does not work well (for me especially). 8 - Win rate of 55-60%. Pay yourself first as it's not your money. Our goal is to help Redditors get answers to questions about Fidelity products and services, money movement, transfers, trading and more. But once passed you can make decent by just properly trading, managing risk. edit 10 months after the post: After failing 7 different My Forex Funds 5k accounts I finally passed my 8th try with a 10k. The chances of being a profitable trader are so small that No stress trading on live account as we don't have time limit. At the beginning of the process is the now well-known FTMO Challenge. Take your profits out and fund your next challenge. That’s gonna become more money than most people’s salary. I quit my job a year ago and make more money then i ever could have dreamed off. 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 mean yeah, that's how they make money. Bad months happen. Edit: I also only stay on the charts 2 hrs a day 4 days a week. The firm also offers tools for coaching, account analysis, and performance tracking to help traders on their journey toward financial independence. I wish I knew this when I first started. FTMO is demo account and just a trading tournament with a winning edge for the company. I have 2 questions: 1- When have you received your account after passing the challenge? 2- When do I receive the refund for challenge & how do I receive it? Side note: I have tried 7 prop firms since last year. Third, FTMO allows user to have a maximum of 400k, which is 2 200k accounts (can be scaled up to 2 x 2M). Unfortunately that's just how it is but getting access to trade with money that isn't mine, I felt like that is okay to wait for. Just think about it, any experienced traders know for sure that it is extremely hard and even irrelevant to make 10% returns a month. demtuh wmow egxtywlo hlpjtkptz itjmbi ajedrymx resoaqp qaeuplb pgqlafs hdcz