I WISH I Knew This Before Starting FTMO! (10 🔑 Things)

These are the things I learned from failing and then finally passing FTMO challenges and verifications. Learn from my mistakes and apply the advice from this video, it will save you time and money!

LINKS:

0:00 Learn from other people's mistakes!
0:50 1. Key
1:34 2. Key
3:08 3. Key
4:14 4. Key
5:41 5. Key
6:22 6. Key
6:51 7. Key
8:04 8. Key
9:00 9. Key
10:11 10. Key
11:22 Final Advice

DISCLAIMER:
This is my opinion and experience. I am not a registered financial adviser. Everything provided in this video is purely for educational purposes. Do not invest money you cannot afford to lose.

#forex #ftmo #myforexfunds #propfirms #forextrading #technicalanalysis #fail #win #challenge #verification

[azimuthbusinesscenter]

I failed MFF three times. I passed phase 1 then they were shut down. I am now in Phase 1 with FTMO. FTMO taking time out of the challenge is great.

[kellarenna]

took me 3 months to get funded. 1 week to blow the first funded account lol

[chadlye]

Good Stuff. - One thing I would add, 2-3 years is extremely conservative. Spending 6 hours a day at least, no days off, and 12 hours a day on weekends. I'd say closer to 3-4 years. Take this seriously. record every trade (screen shot or video) before and after. Then study study study the previous day or previous weeks trades. At first, take a trade in every singel pair and record it. Eventually you'll start to see a pattern in winners and losers. Start to slowly clean those up until a trading plan emerges.

Everyone talks about "stick to your plan" - Well, these people either don't trade or they're skipping one of the most improtant parts. While this message is aboslutely correct, you need a plan first right? So, rule of thumb is, try a set of rules for 20-30 trades being very strict. If it doesn't work, the plan doesn't work. Doing screen shots and reviewing previous weeks will help to understand what parts of those failed plans work and dont work. Taking pieces and bits of working things to create your actual plan trimming the fat all the way until you are consistantly gaining in accounts. --- Then stick to your plan!

Most importantly: Delete all trading chats, stop listening to gurus on instagram or youtube or whatever else. Fire your "trading coaches." Shut everything out and study your charts only. Stop chasing the next shiny thing... There is no secret to this. No one can teach you some magical sauce or magic pattern...thats not how it works and everyone that is successful in this knows that, so the only people trying to teach you a magic sauce or some magic boot camp or some magic trader chat, or some magic robot....they are fully aware they are scamming you. - Always call scammers out. Ask them for the FXBLUE of an account that is a year old. The people actually doing this in real life that are willing to mentor (meaning be a sound board only because this caught be taught) will never hesitate to show you real terminal data. The scammers, the gurus, the fakes...they'll never ever show you an account that is more than 6 months old. Why? Because they can't, they don't ahve one either. Then of course be aware of photo shop. Make sure they give you the actual FXblue number. Not just a screen shot. Get the FXBLUE number and you go to the site and look up that account.

Good Luck!

[BojayBeats]

im now 6 months into trading and im one trade away to pass phase 1 of my funded challange so i woulndt say it will take 3 years

[LiveHMH]

Great content! Thank you for sharing your experiences Marko. I really learned a lot from the advices you share in your videos. There are so valuable ✨

[TiarraMello]

Great info, thank you. I was looking into signing up for a prop firm. But I’ll just take some time to learn my strategy more

[commander_vip]

I bought my challange 6 weeks ago. Im up 0.5% cuz im to scared to take trades and i dont find good setups. I was up 5% but then overtraded. That are things wich i learned and will never happen again.
Trust the pozess!
Im trading for 3 years now. I need to get more confidend.

[MartinProlTrading]

Starting FTMO challenge tomorrow. Been trading my own capital for years but never in big fashion. Started kinda simulated account a couple months ago making a good 3% with no dramas and think coming from real to demo is a plus, as even having no clue in managing risk, you are constantly stepping the brake unconsciously. Treat demo as if its real money is my approach. Small steps, small gains, cut losses short (over 75% win rate helps) Going for the 40000€ as making a small % is good for now as I'm very busy for the next year

[sphinxman]

Good video! Good point was to first learn how to properly trade and be consistent over the long haul.

[johannesbahm]

My fellow future millionaire traders, just a word of advice from your equal on risk management.

As you risk between 1-2% of your trading capital on your funded account do REMEMBER that your overall draw down% is the actual account you are trading (so if I am on a 100k challenge I am only eligible to 10k so my risk should be 1-2% if the 10k and not the 100k).

Yes the 100k balance allows for bigger leverage but I believe that a lot of us fail because of the misconception of the capital allocated to us.

I hope this helps
Please like if you agree😁

[crazykitchen]

For withdrawing money you need to have a company? Why they require an invoice from us. Only a company can release an invoice

[TrendPulseSystem]

Does FTMO allow cross margin and multiple limit orders? I can't find anywhere

[Manson]

Just lost 2 live account with bfp, all these firms seem to be closing down, seems ftmo is the only way forward

[SaVaGeTricKs]

I passed my challenge in one day risking 1.5 percent it’s possible takes time. I stop trading live for two years and now I’m back got funded in one day. The whole three years is not correct but knowing the right information is there is so much garbage on how to trade. I been in this industry for 4 years now and most if not all you see on you tube is not how you should trade

[ARMWRESTLINGHIGHLIGHTS]

bro at mff daily drawdown is 5% from equity and at ftmo is 5% is from closed positions?

[Mohamed.Fathalla]

My friend, i dont understand something, should i fund my account by my owm money or the challenge money (10 000 - 200 000) is all virtual money?

[christophernnanna]

Bro i have two questions 🙏🙏 Question 1. What if you made more than the required amount of the usual 10 percent, let's say you made 20 percent instead of the usual 10 percent of the trading capital, will the profit be added to your account? Question 2 . What if you passed the 30 days challenge in less than 2 days will that be accepted?

[Prubotics]

Now I read that they no have time limit to make the first 10% to pass the challenge. So is it ok if I take it safe and slow and generate that 10% in a few months like 5-6.

[preciousmmesoma]

I want to ask a disturbing question will you pay for the account before doing the challenge.
What are the rules

[AndrewYu-xs]

Hi i am looking into FTMO challemeges should i start with the 25k one first then the 100k? Ive been doing the demo ftmo on the 25k for 2 months