How does ftmo make money reddit today

How does ftmo make money reddit today. Lest say you catch 100 pips on a wild day like today, that's $50K. You need to demonstrate your experience by sticking to Maximum Loss Rules while making the necessary simulated profits of 10% of initial balance. 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. This is my 3rd time with FTMO. Their unique evaluation process, thought-out and designed for traders of all levels, has garnered positive FTMO reviews and ratings. Today. 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. 25? No what I meant, is for example when you first start trading they'll pay you from the money they make from 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 the trades and giving you money from the profits of the trades they made This is essentially free money for them to offset losses. 555*0. It's a neat thing to do if you're going to waste that money anyway. The reality is that prop firms like ftmo make ALOT of their money on people failing the challenge. Drawdown We can see it everywhere. 3% of people pass the challenges, which is in line with reality. Bought a Tata Nexon EV ZX+ LUX Glacier White today. The refund given is only on that attempt. There are different types of drawdowns and we’ll cover everything in this article. Be sure to be a profitable trader though before taking these challenges or you will just waste a lot of money! I did not contact support. You shouldn't care if you lose a challenge or blow an account. Do my statements make sense? If yes, why would anyone not go for a swing account? 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. 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. 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. Eventually, however, he discovered FTMO, and today he trades on a $400,000 FTMO Account. I have to learn a bit more on how to better manage my RR as I'm not 100% comfortable with MT5. Was surprised when the transfer hit my account wasn’t expecting it, but it’s legit. I need some guidance honestly - is there a school or trader actually teaching proven strategy If personal cannot make money on prop-firm account then he cannot make on personal too. If you lose 15 prop-firm accounts and make 10% on 16th will give you same amount. I trade my ftmo account as if it’s only half it’s actual value. I went onto the Metrix section after the first day, and I am not sure how they calculate what they calculate. It is nothing. They'll trade there normal compounded account with 0. So instead of risking 1% per trade, he can now risk 0. Let's say the funding firm sets 10 pm as the tine the new day starts. I chose MFF because they were cheaper and had an easier to pass evaluation model. You can learn what to do and what not to do so you're better prepared when the time comes for your own business. And even challenge is not so gambling because 1 phase: make 8 with 10 drawdown (55. If they have all that money, they aren't renting one of these offices. Now we can trade through high impact news and hold runners over the weekend if we want. But they do not provide any more details. You have to look at what time the broker acknowledges a day to be over. It’s in their terms and conditions. With FTMO, to get your 70% profit share, you have to invoice them, which I would do from my LLC (once I create it). Forex, Crypto, Stocks, etc. 8 - Win rate of 55-60%. But I'm taking this as a learning experience and just seeing what sticks. 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. 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. Unfortunately, a lot of people will pass the challenge & verification and fumble the actual account, meaning they’ll never get the refund 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. I went onto FTMO, as from what ive read and heard, they are ok, and i have signed up to their free trial to try their 70,000 account. They hold overnight, all year round (albeit different assets at different times). FTMO or any Forex funded account for that matter, is not worth your time and doesn't make you any money in long-term. Like, they think that if you have more money, you'll make more money, even if it's fake money. 13% per trade. ye japan taxes 20. They will never give you access to their own money. I’m not losing that sucker. You'll learn so much more about yourself and your trading style and gain real time experience. Sep 11, 2023 · If you have discipline, are skilled at trading, and are interested in taking advantage of the leverage, then FTMO can be a lucrative opportunity. Getting a job or two can teach you a lot especially if you try to learn from every experience. I guess the main questions are- is that the best way to do this, should I just hire a CPA (suggestions?), and are any of you trading for FTMO/how are you paying your taxes (if you are US based)? The prop firms make A LOT of money from people blowing account after account to cover the payouts of the really good traders who get payouts after payouts on a bimonthly level. Another point to note is that trading with own money is always better and profitable in long term. On FTMO's YouTube channel, I was watching one of the videos about the process and they said in the video that you don't need to contact them because they already know your account is ready for the next step. I used to have all these things that you mentioned. But for the challenge, they're faced with the same problem as before. I lost a good amount of money selling too Then you should consistently aim for something like 2. You’re trading a simulated account, even when you pass and get “funded”. Making money on Reddit without spending a dime is possible with the right strategy. For swing traders, it's a great improvement too once they actually get the funded account. 6%) So the probability to pass a challenge is 0. But once passed you can make decent by just properly trading, managing risk. 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! 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 Send them an email or use the chat feature to find out. He emphasizes that the greatest advantage of having a larger FTMO Account is the ability to engage in trading with significantly reduced risk. However, trading is not without risks, and it requires a significant commitment of time and effort to be successful. So to get to $600k, it is possible with 8 months after verification and at least 4 payouts. o. So it all depends, I think getting funded is a good idea if YOUR STYLE suits the rules. 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. My opinion would be go for it, but be disciplined and use it to fund your personal account to a good size account (10k, 25k, 100k, whatever you're comfortable with). All of them have 20-30% WR with very high RR. 5% average monthly return, which is very doable with a working strategy and good risk management and trading psychology). 25% of $500? $6. FTMO will allow up to $2M accounts by adding $100k to a good standing 400k account every 4 months. The offered technical solution for the FTMO platforms and data feed is powered by liquidity providers. If someone is 30 years old and has 25k, and they make 314% per year, at: Age 40: 2. Ftmo is awesome and industry standard, I'm just not a fan of the "make profits in this amount of time" system, but if I'm not mistaken as long as your account is profitable they will let you continue even if you didn't hit the target. In FTMO, the maximum daily drawdown limit allowed on a $100K account is 5% which is $5,000. 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 Now that MFF is having some issues due to their business model that involved using money from challenges to pay traders. That’s gonna become more money than most people’s salary. 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. The more knowledge to have the more money you can make. Forcing yourself to trade everyday does not work well (for me especially). on funded $100K account, $5000 a month means 5%, pretty much 1. Every trader experiences them. Heres my process: (I live on East Coast of Australia) It's a huge improvement for day traders at least. Meaning if they are able to trade the fictitious capital in a way that is profitable, proving their skills and the value of data provided in the process, they will Does it matter how they are making money? you get paid for the profit you make and that's all matter. 256/2004 Coll. 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. 315% from anything related to profit taken from derivatives. I've seen mixed feelings in this sub and team bhp regarding Tata and Nexon, so I would like to do an AMA where I can answer any peculiar question or there's something you guys can bring to my attention. When you make profits on FTMO, you will be charged 30%, and you can keep the rest 70%. Even though FTMO Traders trade with fictitious capital only, they are entitled to obtain a reward in the form of real money if they can generate “profit” on an FTMO Account. FTMO companies do not act as a broker and do not accept any deposits. There's no time limit, so you can tweak and adjust along the way to get getting funded. /FTMO Evaluation US s. 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. Every analyst and financial news outlet is using […] 200K in FTMO allows you to take (relatively) massive lot sizes. Now I can make a pretty consistent 50 in about 5 minutes if the trend is set up right. Trust the process and don’t give up. All you need to do is Google the address of any of these firms - they are all in publicly available rental offices. Time limit is only con bro. Now let's just say we "only" get the $10K a day because we're not greedy 😀. After your first payout with FTMO you basically are playing with house money. I wish I knew this when I first started. 3 Billion dollars Age 50: 200 Trillion dollars, like the entire world economy The FTMO Challenge is the first step of Evaluation Process and educates you to master your trading habits. They are 100% legitimate, if you can trade profitably and manage risk then you can make a lot of money with MFF. As long as you keep the challenge fee money aside, you can retake it again if you happen to lose it. A lot of people think that if you have a $10,000 FTMO account vs. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. Say you get 20 pips eurusd @ 50 lots. Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. So OCCASIONALLY they'll make 20-50% gain on a dispensable account and 2-5% on their compounded. 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. However, I limit myself LOTS now. So, make sure you don’t set unrealistic expectations with it. And finally, the most important number: total payouts in 2021! Step 1 – FTMO Challenge. If you are consistent and profitable with futures or forex, using a prop firm may be better than a personal account. 5-1. Hoping that I can make back the money I lost today so that I can pass this challenge and realisically making 1% a day is not a tough ask so I should just focus on attaining that. That's a $10K trade right there. The leverage is only 1:30 instead of the usual 1:100 however it is easily compensated by trippling your lot size. 1% risk and trade-copy to there "dispensable accounts" with 10x multiplier. Losing entire 10k evaluation account means losing $60. That’s how these platforms earn money. Good afternoon Traders! I have successfully passed my $100K FTMO challenge. The key to making money is to build a user base, create high-quality content, and take advantage of Reddit's features like 'Karma' points and advertising. They’ll still give you payouts in the case you are successful but they will never give you an account with real money. Your risk is way way smaller than personal Apr 19, 2024 · How to Make Money From Reddit. 5%) 2 phase: make 5 with 10 drawdown (66. In the other note I believe in every single one y’all who are trying to make a change. does not provide any of the investment services listed in the Capital Market Undertakings Act No. I just waited until it came. 25% a week. I know I can make money with normal brokers with my style so I will stick to this. 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. You’re not trading with real money. Apr 28, 2024 · The impressive statistics, flexible account types, generous profit-sharing model, and unique features such as the Scaling Plan and Swing Account make FTMO an appealing choice for traders looking to take their trading journey to the next level. I mean yeah, that's how they make money. A small $1k-2k buffer would make sense if you’re aggressive, but I would never leave any sizable amount where it didn’t earn at least a tiny amount of interest. When you make profits on funded platforms like FTMO, besides joining fees, you will be paying fees from the profits as well. I am sure most don't trade shares or crypto but I was asking those who do if its feasible with those fees. I was looking at getting a funded account, to use alongside my live account that i use with my own money. If you don't have one, you're still in the strategy discovery phase. Our FTMO Challenge is the first step of our Evaluation Process. This isn’t a problem in higher time frames, however the way I make money is scalping a few minutes. Aug 18, 2023 · FTMO has built a solid reputation in the world of proprietary trading. Swing traders can go through a multi-month drawdown even with a profitable strategy, b FTMO pays out there traders, yes it's true that they make a lot of money from failed challenges but the reality is it would be strange if they didn't. On your personal $500 account, to make $5000 a month you will have to risk a lot and have to trade a lot. Then obviously cut the methods that don't work and add to ones that do. Also, their office - like the others out there - is a "Wework" type of building. It’s all simulated. 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. FTMO Evaluation Global s. what will be 1. if i were to file tax report here from the profits i get from local broker, the japanese broker will generate an annual report for me to use it for tax filing. 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. The core concept involves replicating the trading behaviour of these influential entities, with a specific focus on variables such as supply Thats why we have Swing Accounts like on FTMO now cos that what swing traders do primarily. If it takes you 3 times you still lost $1200. Got to give it to FTMO. 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. Just to put that number into perspective, we are talking about almost 3 new trades every second. r. This is basically impossible in ftmo due to their spread. Lastly, 10 - 12%, manually/discretionary trading, is very difficult, though possible. If traders could do this regularly, they would trade their own money and be among the richest people to ever live on planet earth. More than 90,000,000 trades were executed on all accounts in 2021, indicating a reasonably active approach to trading. 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. Well, we’re about to find out who the liars are I think. Traditional prop firms who have physical trading desks make their money by selling order flow. Losing 10% of personal account of 10k means losing $1000 of personal account. I just failed FTMO verification for 3rd time lost so much money over past three years and I don't know what I'm doing anymore. Hello, good day everyone. So this how the first FTMO payout went. A drawdown is a reduction in the equity value of an investment and an inevitable part of every trading system. edit 10 months after the post: After failing 7 different My Forex Funds 5k accounts I finally passed my 8th try with a 10k. Learn, network, and use leverage to discover opportunities. Lol I invest my money, I don’t ‘trade’! And I have a job! So I don’t think your opinion has any weight with me! Clearly my life’s direction is more fruitful than yours! As you said, you have no money that’s why you prop trade and a forced to share any profits you probably won’t make. Good luck 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. That's 200k+. Meanwhile you can start with just a $1300 capital of your own (just the cost of 2 FTMO challenges), grow it steadily week after week and after an year you will have much more money than when you started and than from trading for any prop firm. Bad months happen. but im assuming how that works if i were to work and make a profit (hypothetically) from an overseas companie like FTMO, i wonder if the same rules apply if Under the Smart Money Concepts framework, retail traders are advised to construct their stra tegies around the activities of the "smart money," denoting the capital controlled by these market makers. Lol. . Honestly thinking of quitting this, but I hoped this will be my way out of 9-5 thing. 666 = 37% natural probability if you are a monkey. However, I won $400 in profits for the same month. They keep the difference. QUESTION: When does withdrawing money from a prop firm like FTMO become a taxable event? Questions Just curious whether it becomes a taxable event once it is withdrawn from the account into real money or if the tax is accrued on each trade. I've done tons of comparisons. Trading is not easy. vedll wgwr vqqwp tlqmt srpudcsp sxukiqt izbgg mdiq rfzufnj uobc