Been awhile since I have posted on this buying power argument. I have come up with a very simple example which should clear it up for most: Let's say, for the sake of round numbers, I wish to make $10,000 per month trading forex. I have 3 options to ...

The5ers - Trading & Growth Program

I don't use ctrader, but I believe I have read somewhere, crypto is 24/7. I would contact FTMO just for clarification.

FTMO - For serious traders

Anytime the market is closed for more than 2 hours, position must be closed. I believe on ctrader, bitcoin is 24/7, however, on MT4, there is I believe a 6 hour closure from 7:00-13:00 server time on Saturday. The way I would interpret the rule, the ...

FTMO - For serious traders

I don't see how you can survive without it. I open multiple small positions per trade, but my risk is already pre-determined on what the entire position could be. Being a swing trader, I scale in both ways, on trades that go against me as well as ...

FTMO - For serious traders

It was definitely their end. I use mobile app as backup. I couldn't open/close/modify trades there either.

FTMO - For serious traders

I am a swing trader. I simply close it and open it back up on Sunday evening. Sometimes, you lose a few pips, sometimes you enter at an even better price. It all evens out.

FTMO - For serious traders

Thank You, I can now take another month off from this toxic place.

FTMO - For serious traders

Hmmm....only problem I see there is....well, maybe, just maybe, going out on a limb here....he doesn't have a 100K to put into a forex account. Even if he did, why trade your own money. For a $650 refundable fee, trade their $100K. With a 70% split, ...

FTMO - For serious traders

I earned my funded account in September, so not quite 6 months. I am currently in the process of getting funded with another firm as well. I will be adding a 3rd and possibly a 4th mid year. I still don't understand the question though, it's the ...

FTMO - For serious traders

You didn't even answer my question. A, B or C? I'll answer yours....I prefer to hang with the 0.08% crowd.

FTMO - For serious traders

Man, I promised myself I wouldn't interact with folks who just come here to spread the doom and gloom. I just can't help myself sometimes. So are you either, A. A super trader yourself earning a living from forex and you don't believe in prop firms ...

FTMO - For serious traders

And another excellent one that scales you to 1.28 million with a 50/50 split. Real strict drawdown and loss limits, though. But once again, can you risk .25% per trade and grind out 2-3%. The big misconception in trading is you do not need to be a ...

FTMO - For serious traders

The clowns and naysayers are early this week. This usually doesn't occur until the weekend. Must be a boring Thursday evening.

FTMO - For serious traders

Well that stat will be any prop firm, any personal account. To answer your question, if your in the 99.02% group you don't even have the cost of the challenge fee as it was refunded with your first split. So let me see, do a little math, carry the ...

FTMO - For serious traders

You don't believe with a 300K account, you could reduce leverage to the ridiculous and grind out 3-4% per month. That's 75K per year for your split. Now duplicate it at 4 firms.

FTMO - For serious traders

Yes, 2% is absurd, there are also firms with "consistency" rules, minimum days/trades rules, etc. The lowest of any firm I use/will use is 4%. These firms have no daily limit though. So, in reality, you're only 1% lower than FTMO. Although max DD is ...

FTMO - For serious traders

Yes, out of respect I would never mention others in FTMO thread. Search, due your due diligence, read the rules. There are, in my opinion, 2 I trust 100%, FTMO, of course, being one of them and maybe 2-3 others that I would consider. I will not do ...

FTMO - For serious traders

So spot on. I love it. I am using 2 prop firms (FTMO being one of them) and will be adding a 3rd, possibly a 4th as well. When all scaling is complete, I will be managing 4 million and shooting for about 2-3% PER MONTH. Everyone can do the math, ...

FTMO - For serious traders

I am more of a swing trader andI trade a lot of the crosses, including a couple of higher spread pairs, such as gbpaud and gbpcad. Right now, 3:05 eastern, I have them at 1.3 and 1.5. Euraud at 1.6, eurcad at 1.1. All majors under 0.8 Really can't ...

The5ers - Trading & Growth Program

Why is this in the FTMO thread? Relevance please?

FTMO - For serious traders