"Trading is a war" - FTMO® (2023)

If you want to succeed in trading, you must realise that it’s a battle where you are standing alone against everyone. Relying on someone else’s advice and help doesn’t pay off. You must be convinced that what you are doing is right and behave accordingly in the markets. And what do our new FTMO traders think about that?

Trader Abdoulaye: “The most important thing is to have excellent money management.”

"Trading is a war" - FTMO® (1)

What inspires you to pursue trading?

After several years in trading, I decided to become an Algotrader i.e. using bots. Trading via prop firms allows you to achieve financial freedom without taking big risks. Prop firms are a wonderful idea.

What was easier than expected during the FTMO Challenge or Verification?

The challenge was relatively easy for me because the market was rather stable unlike the Verification where I approached 10% twice before falling back with a chaotic market for bots.

What do you think is the most important characteristic/attribute to become a profitable trader?

For me the most important thing to become a profitable trader is to backtest your strategy well and to optimize it regularly on a demo account, after that you have to stay Zen when the market is chaotic or when your trades are not good.

"Trading is a war" - FTMO® (2)

What does your risk management plan look like?

I use a bot that closes all my trades after reaching a certain drawdown. I don’t accept more than 2% drawdown per pair.

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What was the most difficult during your FTMO Challenge or Verification and how did you overcome it?

The most difficult thing was to manage the current market which is not very stable. On the same day on the metal anything can happen.

What is the number one advice you would give to a new trader?

The most important thing is to have excellent money management, no need to take excessive risks that can lose the account. Test your strategy well in a demo.

Trader Francesco Antonio: “In trading there is no luck, you have to apply rules and stick to them only.”

"Trading is a war" - FTMO® (3)

How would you rate your experience with FTMO?

My experience with FTMO is vafolosa (fabulous). I wish it to everyone. I am in a group where we talk about prop firms, and everyone tries to evaluate which is the best. For me FTMO remains a prop firm with the utmost professionalism and seriousness.

What was the most difficult during your FTMO Challenge or Verification and how did you overcome it?

The most difficult obstacle was when after coming close to the end I checked my account and it fell below zero. I wanted to do it in 10 days. I allowed myself a day off, I said to myself if I succeeded once when I was calm I can still succeed.

How did you eliminate the factor of luck in your trading?

In trading there is no luck, you have to apply rules and stick to them only. Luck is in the casino when you play roulette, in trading you must know what you are doing.

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"Trading is a war" - FTMO® (4)

How did you manage your emotions when you were in a losing trade?

After so many years of trading it is easy to manage emotions when you are in a loss. I try not to get angry that I have the wrong evaluation, I try to find the solution to win, I try to see the glass half full because when I am in these situations, and I manage to get out of the loss my gain is usually much greater.

How did loss limits affect your trading style?

Honestly, they improved it, with my capital I had no limits, but in reality, that was the limit.

What would you like to say to other traders who are attempting the FTMO Challenge?

Trading is an exceptional job and as such it must be taken. In all jobs you need discipline, seriousness, ambition, and know-how. You must not be in a hurry to get rich because in trading it is seen only this way or to become rich immediately. It is just work, unlike others it will make you feel good financially if done seriously. A lot of study and no improvisation are needed.

Trader Kyle: “Life is about opportunity, and opportunity is about preparation.”

"Trading is a war" - FTMO® (5)

What do you think is the most important characteristic/attribute to become a profitable trader?

Determination. To be honest, I lost my funded account once before getting this one. I’m not sharing this because I want people to give me credit, but I want to show that it’s all a mind game. Trading is war, and the first part of war is showing up. If you show up, you can at least try. However, if you stop showing up you can’t even give yourself a chance. So always show up!

Do you plan to take another FTMO Challenge to manage an even bigger capital?

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I always work to set the bar higher than before because for me it’s all about growth. I want to see myself go beyond what I thought was even possible. When I first started trading, becoming funded was a dream beyond a dream. Now that I am funded, I’m already looking for that next milestone. It’s not that I need to prove to other people of my self-worth through acquiring a bigger capital, it’s more so that I’m afraid of comfort.

How did passing the FTMO Challenge and Verification change your life?

Life is about opportunity, and opportunity is about preparation. FTMO is simply an opportunity for traders out there to reach their next goals in life.

"Trading is a war" - FTMO® (6)

What do you think is the key for long-term success in trading?

Find a support system that works for you. This doesn’t have to mean people. This is the thing that is going to be your “reason”. For me it’s my childhood memories. I didn’t have much growing up as I was raised by a single mother. I did, however, witness kids around me who had it all. I always envied them, but by not having the opportunities that they had it made me resourceful. It made me hungry. So when I think in terms of long-term success, it’s about having that concrete system in place that is going to propel you through any trial and tribulation. The thing that makes success not an option, but a necessity.

What was the hardest obstacle on your trading journey?

The hardest obstacle in my trading journey has been the constant fear of letting down those who believe in me. I care so much about doing well for them that sometimes I forget how far I’ve come. I’ve never been the type to congratulate myself for my accomplishments and so I have a hard time genuinely feeling that way. I have what I call a never satisfied disease, so having to remind myself that it’s okay to celebrate those small wins has been my greatest challenge.

What would you like to say to other traders who are attempting the FTMO Challenge?

I’ve been trading for 3 years now, and I’ve met many talented people along my journey. So, to those who dream of becoming real traders I say this. Everyone you meet is a teacher in some way. It’s your job to immerse yourself in the process of learning from those that you meet along your own journey. It’s about learning how to be the best that you can be. There is no “work life balance”. It’s just do or don’t. If you want to be great at what you do, that’s just what it takes. Be obsessive!

Trader Aleksandar: “When I’m in a trade I already act like it hit my stop loss.”

"Trading is a war" - FTMO® (7)

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Describe your best trade.

My best trade I have ever taken was a 1:28 RR. I made this trade on the 1 min chart on EURUSD with three take profit levels.

Do you have a trading plan in place, and do you follow it strictly?

Yes, I have a very strict trading plan. I only bet 1% per trade, max 3 trades a day but if I win a trade for the day, I’m done trading. As well as some other rules like don’t exit a trade unless it hits take profit or stop loss.

How did loss limits affect your trading style?

It didn’t affect my trading style because I have a maximum of 3% drawdown that I will allow myself a day and I am confident enough in my trading abilities that I thought I would have a win even after a few losses.

"Trading is a war" - FTMO® (8)

How did you manage your emotions when you were in a losing trade?

When I’m in a trade I already act like it hit my stop loss, that way I’m not attached to that money in any way and the only way I will exit the trade is if it hits its take profit or stop loss.

How did passing the FTMO Challenge and Verification change your life?

Well, I want to be able to retire my parents as well as live a good lifestyle so I am very excited to see what will happen next.

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One piece of advice to people starting the FTMO Challenge now.

Do not give up. It’s taken me over two years and 2 failed prop firm challenges to be able to finally get into FTMO, and I did it! Anything is possible, just don’t give up!

FAQs

Who is the best FTMO trader? ›

26/11/2022
#NameProfit
#1.NameBernd S.Profit$74,037
#2.NameJack H.Profit£45,366
#3.NameSukhdeep B.Profit$43,256
#4.NameSjv3zeir8Profit$12,242
6 more rows

What is the difference between normal and aggressive FTMO? ›

The main difference here are the loss limits and the Profit Target, which are, as previously mentioned, double for the Aggressive account type. So, while the Normal risk type requires us to make a 10% profit in order to pass FTMO Challenge, it increases to 20% for the Aggressive risk setup.

What is FTMO Challenge trading? ›

The FTMO Challenge is the first step of the Evaluation Process. You need to succeed here to advance into the Verification stage. Prove your trading skills and discipline in observing the Trading Objectives.

Can you hedge on FTMO? ›

Your trading style is completely up to you. We have no reasons for limiting or restricting your trading strategy, whether it's discretionary trading, hedging, algorithmic trading, EAs, etc.

What is better than FTMO? ›

The best FTMO alternative is trader-oriented, with no restrictions on trading conditions and escalated funding. Since you operate as the prop firm's remote trading contractor, you're offered sufficient leverage to create profits. A certain percentage ratio, called a profit split, determines what you take home.

How fast can you pass FTMO? ›

The minimum time to complete the FTMO Challenge is 10 trading days. Following are the Trading Objectives. The FTMO Challenge duration is 30 calendar days; the Verification duration is 60 calendar days. If you manage to pass the Trading Objectives sooner, you do not need to wait for the remaining duration days.

Do you have to make 10% every month FTMO? ›

For a capital increase, the trader has to generate at least 10% of net profit (20% in the case of an Aggressive account type) in four consecutive monthly cycles (i.e., the average of at least 2.5% net profit per month in normal account type or 5% net profit per month in an Aggressive account type).

How much do FTMO traders make? ›

In one trading period on FTMO Account, you executed on average 117.9 trades, and we paid you an average of $4,685.

Do you keep profits from FTMO challenge? ›

. If you generate profits on the FTMO Account, our Proprietary Trading firm will keep from 10% to 20% as the Profit Split, and you will be rewarded with up to 90% of achieved profits.

What happens if you fail FTMO? ›

If you happen to breach any of the Trading Objectives, that particular account will be automatically invalidated and loses eligibility to continue in the Evaluation Course. If the breach happens on your FTMO Account, the corresponding FTMO Account Agreement will be terminated.

How long will FTMO last? ›

The FTMO Challenge duration is 30 calendar days; the Verification duration is 60 calendar days. If you manage to pass the Trading Objectives sooner, you do not need to wait for the remaining duration days.

Does FTMO refund money? ›

Overview. Our refund and returns policy lasts 30 days. If 30 days have passed since your purchase, we can't offer you a full refund or exchange. To be eligible for a return, your item must be unused and in the same condition that you received it.

How much should you risk FTMO? ›

If you know that the next trade will come up in a few days, you can probably bump your risk a little. But don't go too crazy, in general, the rule of thumb is that the risk per trade should not be over 5%, an exception to this could be if you are taking a long term investment.

Can I hold trades overnight FTMO? ›

In the FTMO Challenge or Verification, you don't need to. During these stages, you can keep your positions open overnight and over the weekend as well.

Does FTMO pay in Crypto? ›

You can receive your profits by a regular bank wire transfer, Skrill or cryptocurrencies. We don't charge any commissions for withdrawals.

Do you pay tax on FTMO? ›

After we sign the contract, you will be receiving up to 90% share of your achieved profits on the FTMO Account. You will need to deal with taxes on your own, according to your country's laws and tax regulations.

What brokers do FTMO use? ›

You can trade your FTMO Challenge, Verification and FTMO Account on the most popular retail platforms – MetaTrader 4, MetaTrader 5 or cTrader.

Is FTMO a good broker? ›

FTMO is an excellent proprietary trading firm for forex traders. The FTMO Challenge rules and Verification process are well-documented and transparent. The pricing is reasonable, and the supported trading tools are popular amongst traders.

How many people fail the FTMO challenge? ›

How much do you make in an average month? {quote} FTMO have told us that 92% of traders fail their challenge (10% in one month).

Does FTMO give free retakes? ›

We absolutely understand you and so from now on, you can extend your FTMO Challenge by 14 extra calendar days before taking a free repeat!

Is FTMO a beginner? ›

FTMO developed a free educational course for Forex Traders. This educational course will take you from a complete beginner to a professional trader. Once you complete the educational course, you can become our next FTMO Trader and work with an initial balance of up to $200,000. We wish you steady study!

What happens to your FTMO live account if not profitable? ›

If you do not reach the desired profit and you end up having your account balance positive with all positions being closed at the end of the trading period and do not violate any other rule, you will receive a new FTMO Challenge account from us, to try again fresh.

Does FTMO have a 400k account? ›

To avoid any confusion, FTMO provides its clients demo accounts with virtual capital in all stages of the cooperation. allocation of $400,000 per trader or per strategy, at any given time.

Can I merge two FTMO accounts? ›

If you would like to combine your successfully passed evaluation accounts into one master FTMO Account, we can do so upon request. The combined FTMO Accounts need to be at least at their initial account balance to be merged and meeting the following conditions: The FTMO Account is not in drawdown.

Who is the CEO of FTMO? ›

Otakar Šuffner is the co-founder and CEO of the FTMO prop-trading platform. He graduated from the University of Economics in Prague with a degree in banking and insurance. As a passionate trader, he founded FTMO in 2015 together with his friend and fellow classmate Marek Vašíček.

How many times can you do FTMO trial? ›

To accommodate the demand, only one Free Trial per trader is allowed at a time.

How often does FTMO payout? ›

Hot news from #FTMO! ⚡️80/20 Profit Split (90/10 on Scale-Up)⚡️ 💥Bi-weekly withdrawals & Payout-on-demand💥 Read more👉ftmo.com/en/new-payouts…

What happens when you exceed the daily loss on FTMO? ›

If your Unrealized Net P&L hits or exceeds your Daily Loss Limit at any point during the Trading Combine®, your account is no longer eligible for a Funded Account®. You have the option to reset your account.

What leverage is FTMO? ›

The leverage we offer is up to 1:100 (Forex) and cannot be increased. The leverage can be lowered upon request.

Can I risk 2% per trade? ›

How much capital you risk depends on your account size, but as a general rule, don't risk more than 1% of your account on a trade. In other words, don't lose more than 1% of your trading account on a single trade.

What percentage of traders pass FTMO? ›

FTMO has a pass rate of only 8%. From what I've seen and hear the psychological side of FTMO of hitting targets causes stress and fear for the trader, causing them to make bad decisions, closing profits early and letting losses run.

Can you make 500 a day day trading? ›

Part-Time Pay

In terms of money, that means not giving up very much profit potential. For example, a part-time trader may find that they can make $500 per day on average, trading during only the best two to three hours of the day.

What is the 3 day rule in trading? ›

In short, the 3-day rule dictates that following a substantial drop in a stock's share price — typically high single digits or more in terms of percent change — investors should wait 3 days to buy.

What is the 5 day trading rule? ›

According to FINRA rules, you're considered a pattern day trader if you execute four or more "day trades" within five business days—provided that the number of day trades represents more than 6 percent of your total trades in the margin account for that same five business day period.

Is FTMO its own broker? ›

FTMO is a proprietary company that offers brokerage services based on its technology.

Can I copy trade on FTMO? ›

You cannot copy between two main accounts using cTrader Copy. You need to use an external service for this, like cMAM or Trade Copier.

Which brokers do FTMO use? ›

You can trade your FTMO Challenge, Verification and FTMO Account on the most popular retail platforms – MetaTrader 4, MetaTrader 5 or cTrader.

How much money does FTMO give you? ›

FTMO will pay out up to 90% profit share on a monthly basis. Periodically, we will allocate more balance into your FTMO Account if you consistently profit.

How many people fail FTMO? ›

FTMO has a pass rate of only 8%. From what I've seen and hear the psychological side of FTMO of hitting targets causes stress and fear for the trader, causing them to make bad decisions, closing profits early and letting losses run.

Can you make a living with FTMO? ›

As you are doing all the hard work, we only take a small cut and you can keep up to 90% of the gains that you make on your FTMO Account. On $100,000 account, making 10% a month will net you $9,000, which surely covers all the living expenses, and you will also keep something extra.

What country is FTMO from? ›

The beginning of the project

The idea to start the project FTMO.com, which was initially called Ziskejucet.cz, was conceived in 2014 in a small Prague office where a handful of young daytraders, including the three future founders, joined their forces.

Is FTMO a monthly fee? ›

No, we don't charge any additional or hidden fees. The fee for the FTMO Challenge covers it all, including the Verification. There are absolutely no recurring fees with us.

How good is FTMO? ›

FTMO is an excellent proprietary trading firm for forex traders. The FTMO Challenge rules and Verification process are well-documented and transparent. The pricing is reasonable, and the supported trading tools are popular amongst traders.

Can you lose FTMO account? ›

If you happen to breach any of the Trading Objectives, that particular account will be automatically invalidated and loses eligibility to continue in the Evaluation Course. If the breach happens on your FTMO Account, the corresponding FTMO Account Agreement will be terminated.

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