Do You Want To Trade For The Best Forex Prop Trading Firm?
Do you know why most traders fail? It is not caused by flaws in their strategy or a lack of desire to succeed.
The biggest problem retail traders face is undercapitalization .
Once you decide that you want to pursue a career in trading full-time, you will immediately face a tough financial decision, that is why you should consider joining FTMO Forex prop trading firm .
Why you should trade for a prop firm rather than with your own capital?
Most traders think they can start trading full-time with $1,000 or $2,000. The truth is, they are NEVER going to make it.
So, let’s assume you start with $1000 and in one trading month you will take 22 trades, with a Reward/Risk Ratio (RRR) of 2 and your win percentage is 55. Also, you risk 1% of your equity on a single setup.
Even though your performance is very admirable with those statistics mentioned above, there is still a statistical chance that you will end up 5.36% negative with $970 in your account. The best-case scenario would be a 35% gain with $1,350 as an ending balance.
If we are going to take an average result here, let’s say you make approximately 10% profit every single month. The table below shows the consistent scaling in this “best possible” scenario.
As you can see from the above results, in 12 months you would end up with a $2,853 profit.
For some people, they need $2,853 in a month to cover basic needs like rent, food, insurance, debt etc.
So, even though the above example takes into account over a 100% gain (which is realistically very hard to achieve), we don’t have to tell you that you will most probably not be a full-time trader with only $2,853 per year.
Let’s now take a look at the same equity simulation we used before, but this time with $50,000.
As you can see from this simulation, an average gain of 10% would give you $5,000 in a month. That is something worth considering, right?
If you are a skilled and experienced trader and the only thing you are missing is the trading capital, FTMO is here for you!
Our main goal is to help traders from all around the globe and that’s why we are offering capital from our proprietary fund for those traders who are able to complete our evaluation process.
Since 2022, FTMO is one of the leaders in the industry of providing initial balance to traders. We helped hundreds of traders to reach their financial freedom and independence.
Our satisfied traders’ feedback speaks for itself. Take a look at what our traders said about FTMO..
https://www.forexfactory.com/showthread.php?p=11753070#post11753070 Read more at forexfactory.com.
https://www.forexfactory.com/showthread.php?p=11487429#post11487429 Read more at forexfactory.com.
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https://www.forexfactory.com/showthread.php?p=11483278#post11483278 Read more at forexfactory.com.
It doesn’t matter where you are from, traders from all around the world can join FTMO!
FTMO Trader Moyo from the UK.
FTMO Trader Shivka from Australia.
FTMO Trader Osvaldo from the United States.
FTMO Trader Holly from the UK.
FTMO Trader Griffin from the United States.
FTMO Trader Mohamed from the United States.
FTMO developed a unique 2-step Evaluation Course for traders. This Evaluation Process consists of the FTMO Challenge and the Verification and is specifically tailored to discover trading talents.
Upon successful completion of the Evaluation Course, you are offered a placement in the FTMO Proprietary Trading firm where you can remotely manage the FTMO Account with a balance of up to 400,000 USD .
Your journey to get there might be challenging, but our educational applications, account analysis and performance coach are here to help you on the endeavour to financial independence.
Before you receive our FTMO Account and trade for the Prop firm, you have to prove your skills and complete the Evaluation Process.
This is where we evaluate your trading.
01.
FTMO Challenge.
This is where we evaluate your 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.
02.
Verification.
This is where we evaluate your trading.
The Verification is the second and the last step towards becoming the FTMO Trader. Once you pass the Verification stage and your results are verified, you will be offered to trade for our Proprietary Trading Firm.
Earn Real Money.
03.
FTMO Trader.
Earn Real Money.
You are becoming a trader of the FTMO Proprietary Trading firm. Trade responsibly and consistently and receive up to 90% of your profits. If you consistently generate profits on your FTMO Account, we can scale your account according to our Scaling Plan.
FTMO Is the Best Proprietary Trading Firm You Can Find. Here’s why.
The best trading conditions.
FTMO Solution with a wide choice of assets across the board, with very low commissions and super-raw spreads.
Leverage 1:100.
Use professional trader’s leverage to your advantage with no imposed limits on position sizing.
One-time fee only.
No recurrent charges, no membership or other hidden fees. Moreover, the fee is automatically reimbursed to you with the first Profit Split.
The most popular trading platforms.
MT4, MT5, or cTrader. Choose yourself!
No limits on trading style!
Trade your own trading strategy with no limits or restrictions. You can use EAs, hedging or trade discretionary.
Trade every instrument you want.
Forex, Commodities, Indices, Crypto, Stocks, Bonds.
Will you be the next FTMO trader?
Normal Aggressive.
250 000 CZK $10,000 €10 000 £10,000 $15,000 $15,000 CHF10 000 500 000 CZK $25,000 €20 000 £20,000 $30,000 $30,000 CHF20 000 1 000 000 CZK $50,000 €40 000 £35,000 $60,000 $65,000 CHF40 000 2 000 000 CZK $100,000 €80 000 £70,000 $120,000 $130,000 CHF80 000 4 000 000 CZK $200,000 €160 000 £140,000 $240,000 $260,000 CHF160 000.
Quick comparison.
Step 1 FTMO Challenge Step 2 Verification Step 3 FTMO Trader Trading Period 30 days 60 days indefinite 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. For example, if you pass all the Trading Objectives of the FTMO Challenge in just 11 days, no need to wait another 19 days. We will advance you to the Verification as soon as possible.
This rule can also be called “trader’s daily stop-loss”. According to our rules, this is set as 5% (10% in case of an Aggressive version) from the initial account balance. The rule says that at any moment of the day [CE(S)T = Central European (Summer) Time], the result of all closed positions in sum with the currently open floating P/Ls (profits/losses) must not hit the determined daily loss limit. The counting formula:
Current daily loss = results of closed positions of this day + result of open positions.
For example, in the case of the FTMO Challenge with the initial account balance of $200,000, the Max Daily Loss limit is $10,000. If you happen to lose $8,000 in your closed trades, your account must not decline more than $2,000 this day. It must also not go -$2,000 in your open floating losses. The limit is inclusive of commissions and swaps.
Vice versa, if you profit $5,000 in one day, then you can afford to lose $15,000, but not more than that. Once again, be reminded that your Maximum Daily Loss counts your open trades as well. For example, if in one day, you have closed trades with a loss of $6,000 and then you open a new trade that goes into a floating loss of some -$5,700 but ends up positive in the end, unfortunately, it is already too late. In one moment, your daily loss was -$11,700 on the equity, which is more than the permitted loss of $10,000.
Be careful as the Maximum Daily Loss resets at midnight CE(S)T! Let’s say that one day you had a profit of $4,000. On the same day, you have an open position with a currently floating loss of $13,000. On this day, the maximum daily loss is not violated. The current daily loss is $9,000. ( $4,000 closed profit – $13,000 open position). However, if you hold this position with an open loss of $13,000 after midnight, the daily loss limit will be violated. This is because your previous day profit doesn’t count to a new day and the open loss of $13,000 exceeds the max daily permitted loss of $10,000.
The size of the Maximum Daily Loss gives trader enough space for trading and it guarantees a clearly defined daily risk to the investor. Both the trader and investor benefit from this rule as the account value will not drop below the limit. That’s also why the Maximum Daily Loss limit includes your possible floating losses.
You can get more insight into why this rule is in place in this article .
Step 1 FTMO Challenge Step 1 FTMO Challenge Account Balance $10 000 $25 000 $50 000 $100 000 $200 000 $10 000 Aggressive $25 000 Aggressive $50 000 Aggressive $100 000 Aggressive FTMO Challenge Period 30 days 30 days 30 days 30 days 30 days 30 days 30 days 30 days 30 days Minimum trading days 10 10 10 10 10 10 10 10 10 Max Daily Loss $500 $1 250 $2 500 $5 000 $10 000 $1 000 $2 500 $5 000 $10 000 Max Loss $1 000 $2 500 $5 000 $10 000 $20 000 $2 000 $5 000 $10 000 $20 000 FTMO Challenge Profit Target $1 000 $2 500 $5 000 $10 000 $20 000 $2 000 $5 000 $10 000 $20 000 Refundable Fee €155 €250 €345 €540 €1 080 €250 €345 €540 €1 080.