Are you the next FTMO Trader?

The last day of March is here and as always, we bring you your regular dose of inspiration in a form of traders who successfully reached their FTMO Accounts connected to our Prop Trading Firm. Congratulations to those who passed! 

Trader Shane – “Trading is the ultimate test of one’s emotions and you find out quickly if you are evolving or not based upon your results.”

 

What was easier than expected during the FTMO Challenge or Verification?

I reached my target sooner than expeced while was taking a low risk approach. However, it could have taken longer if there were less setups marching my criteria to trade with.

What inspires you to pursue trading?

I am inspired by human natures ability to evolve. I love to learn and to progress each day. Trading is the ultimate test of ones emotions and you find out quickly if you are evolving or not based upon your results.

How does passing the FTMO Challenge and Verification changed your life?

It has reinforced my belief that I am a successful trader.

Do you plan to take another FTMO Challenge to manage even bigger capital?

Yes. Ive started another challenge already.

What do you think is the key to long term success in trading?

Keeping risk low and having rules to know when to stop trading on a specific day.

What would you like to say to other traders that are attempting the FTMO Challenge?

Trading the Challenge/Verification is a little different to normal trading as you must hit a specific target within a set period of time. I would say keep risk very low at the start of the challenge 0.25-0.5% then you can increase your risk later once you have some profits banked. With a live funded account though i would not scale risk % as the account grows.

 

Trader Ledian – “The thing with trading is that losses are inevitable.”

 

What was more difficult than expected during your FTMO Challenge or Verification?

The most difficult thing during the challenge or verification is the timing. Always have that in the back of your head.

What was easier than expected during the FTMO Challenge or Verification?

The easiest thing in my opinion was the profit making. Obviously if you have a proven strategy that works, you will have no problems.

How did you manage your emotions when you were in a losing trade?

The thing with trading is that losses are inevitable. Trading is a game of probabilities and from gathering enough data and backtesting the strategy it has given me a slight edge in the markets. Losses will occur, you just have to gather the data and analyze.

What was the most difficult during your FTMO Challenge or Verification and how did you overcome it?

Personally, I did not find anything difficult with the FTMO funding procedure.

What do you think is the key to long term success in trading?

For long term results I highly recommend completely removing the money aspect of trading, also patience is a massive must. Patience and backtesting is KEY for long term results.

What would you like to say to other traders that are attempting the FTMO Challenge?

No matter what you are thinking or how many times you have attempted the FTMO Challenge. Keep at it, never ever doubt yourself because you WILL pass and it is the most rewarding feeling ever.

Trader Niall – “I’m delighted to be a funded trader for FTMO. It’s been a goal of mine for a long time.”

 

What do you think is the key to long term success in trading?

Risk management and a specific strategy with a trading plan you follow with no exceptions. Also being adaptable and able to change your bias on pairs in instants and make fast decisions.

How does your risk management plan look like?

I will risk 1% max per trade and sometimes will enter a trade with .5% to bait the market if I feel the price could go from a certain area that maybe hasn’t reached my ideal Area of Interest. In this scenario, I will allow a larger stop loss in case the price does push up to the preferred entry. Then I will add the remaining .5%.

How would you rate your experience with FTMO?

Fantastic, I’m delighted to be a funded trader for FTMO. Its been a goal of mine for a long time.

How did you eliminate the factor of luck in your trading?

Confluences. I only enter trades that have a minimum of 3 confluences – ideally 4+ – I also only trade the trend. Trading isn’t about luck, it’s forecasting the market and not being surprised when your trade is a winner. If you are surprised then you are a trader whose confluence and strategy is luck!

How did Maximum loss limits affect your trading style?

Not much, my risk management is very tight.

What would you like to say to other traders that are attempting the FTMO Challenge?

Be patient, the market tells you what to do, focus on pips and percentages, not the figures. watch the charts not the money and always trust your analysis.

 

Trader Osadebawen – “Be happy with your profits.”

 

What inspires you to pursue trading?

Knowing that I can create generational wealth and save not only my family but so many other people from this 9-5 system by achieving time freedom and financial freedom.

What was the most difficult during your FTMO Challenge or Verification and how did you overcome it?

Overcoming the days I had losses. I had to remind myself that capital preservation is key so if I wanted to succeed in this challenge then I had to be disciplined and not overtrade during those days.

Do you have a trading plan in place, and do you follow it strictly?

Yes, I have a trading plan and I do my best to be disciplined with it.

What was the hardest obstacle on your trading journey?

Waiting for high probability trades. Having access to a trading account like this can make you feel like trading every day but it’s not every day that you get that high probability setup.

What do you think is the most important characteristic/attribute to become a profitable trader?

Be happy with your profits. Especially since this is a challenge with a target amount, closing your trades once you reach that goal for the day is much better than hoping to win it all from 1 trade.

What is the number one advice you would give to a new trader?

You don’t have to be the best trader in the world to be profitable, you just have to be a disciplined trader.