Oh your an algo based trader..... My experience with algos is that due to market changing constantly they don't always work how you want. I have made some profit using an algo that I spent about 3 years on, all in all it made about 50% in 6 months ...

FTMO - For serious traders

Hey I'm in Canada too. Toronto here. Word of advice for the challenge if you're a day trader and not a swing trader is to risk .5% max per trade. And only trade one trade at a time. This will allow you 20 trades room before reaching the drawdown ...

FTMO - For serious traders

But anyways, it doesn't seem like you are here to be a downer pessimist like some of the others who commented before you, I wish you good luck in your challenge and continued success with ftmo.

FTMO - For serious traders

I understand what you are trying to say, and I know that you are not the one who said it was impossible, but this is not a matter of perception or debate tbh. There is only one way to interperate these numbers, the right way and the wrong way. If ...

FTMO - For serious traders

You realize that's a horrible comparison right? That comparison to trading would be like me saying I made 5% last year and 10% this year, so therefore I made double what I made last year... Saying that making 10% profit on 100k while risking less ...

FTMO - For serious traders

So, if you had 100k of your own funds you would be comfortable with a higher than 10% drawdown? Making 10% risking less than 10% is not doubling your money. Ffs you guys are slow. Based on your logic I can go to an investor and say "hey look I ...

FTMO - For serious traders

Where are you getting a 100% return from? The exact figures are; make 10% without reaching a 10% drawdown. Why is that so hard for you to understand? Lmao. And btw most people fail trading in general and blow their accounts so why would ftmo be any ...

FTMO - For serious traders

Not exactly. Think of it as if you are trading your own account, with 100k. Would you want to risk more than a 10% DD on your account? Probably not. This same logic applies to FTMO. They want to find traders who are able to trade properly without ...

FTMO - For serious traders

Nice job Sam. You doing the 100k challenge right?

FTMO - For serious traders

All dollars are a "farce" as you would put it. The worst of all being the US dollar. However, value is only what is perceived by the buyer at the end of the day.

EUR/USD is a farce at these levels

Hmm. I guess it can be faked but, I for one have no affiliation with FTMO or reason to do that. I am just using them to get funding like the rest of you here. Has anyone here even passed the challenge yet and received any withdrawals? That still is ...

FTMO - For serious traders

Honestly this thread really is great to keep some sort of check on FTMO. I will be following and actively participating with what I know as well. The most important thing to me is if anyone has any proof of withdrawal or payment from them, that is ...

FTMO - For serious traders

Yes, an edge is based on statistics and past trading experience. Also, for some the edge is simply the trader himself, who doesn't use a particular "strategy" but simply understands how to trade profitably. Even then as you said before no one is ...

There's no such thing as "low risk"

I have to disagree with you about trading risk levels. Your money being in a brokers bank account has nothing to with the risk you take per trade...if you are worried about keeping funds in a particular broker than you probably should not be trading ...

There's no such thing as "low risk"

Not sure if anyone here is interested but I have a free telegram group to discuss trading and have recently also passed phase 1 of my FTMO challenge after failing one time. I think it would be a good idea to come together as a group for those who ...

FTMO - For serious traders

Sorry to say this mate, but if your trades are based solely on one indicator alone it doesn't matter how you manage your trades you are going to lose money long term because you have not yet developed an edge. Based on your strategy you are already ...

I'm a noob and need advice on managing a losing trade

Even IF this is true, which it isn't, this would only prove that markets are in fact not random. In this scenario all a winner must do is identify what the losers are doing and do the exact opposite. The truth is though, that the reason why most ...

Forex is random

This is basically a Reddit thread now.

Sam Seiden Goes DOWN

Man this thread is some funny ish

Sam Seiden Goes DOWN