“Don’t stop believing”

Perseverance and belief in your abilities are qualities that every successful trader must possess. These traits will support you when things don’t go well initially (as is the case for most traders), and during periods of larger drawdowns and mounting losses. How did our new FTMO Traders handle these challenges?

Trader Maksym: “Do not hurry to earn money.”

What inspires you to pursue trading?

Financial freedom, ability to work remotely.

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

Psychology issues. At the beginning of passing challenges was so hard not to hurry and not be emotional. Because emotions and hurry will bring you unprofitability.

Describe your best trade.

It was the New York session. Day context was short and NY session opened by manipulative long candle; it was a liquidity sweep (LO high) at the first hour of session. Then when 1 hour candle closed, I finally understood the logic of the price action and was ready to entry. When on the 3m timeframe I noticed BOS, I’ve opened trade. My target was LO low and Asian low. The price successfully reached the targets. Risk reward 2:1.

What does your risk management plan look like?

My risk management looks like: When I open trade, I look at how price moves, and I consider when the price can move against me (point of invalidation of my idea). I set SL at the point of invalidation. All trades open within the trading session. I don’t open trade in sessions breakdown. Trade can’t be opened before 15 min and after 15min high impact news. When I have opened position in profit and NY session will be opened after 15 min, I can move my SL to BE (it’s only when I like how looks overall price action and logic of price delivery).

Has your psychology ever affected your trading plan?

Yes, of course. I still have problems with psychology sometime. But I work on it. I believe now my emotions have much less impact on me than when I started trading forex.

One piece of advice for people starting the FTMO Challenge now.

Do not hurry to earn money, just be profitable on distance.

Trader Ermias: “In trading you have time to succeed.”

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

The hardest thing for me was that I was constantly following Trump's tweets. When I entered into a deal after all my approvals, and in the middle of a trade, Trump issued a tweet that went against me and I lost the trade, something I couldn't have prevented or anticipated.

Where have you learnt about FTMO?

I know that FTMO is the best prop from traders around the world.

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

I don’t have luck, I know how to trade, my only problem was risk management, I really believe that I can manage my risk management properly.

What inspires you to pursue trading?

Don’t stop believing, in trading you have time to succeed, it will one day that you can succeed, just learning from my mistakes and improving them.

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

I’m in debt, I cannot find a really good job and make nice money, but no job can bring me what trading can, I never quit trading, I want to win this.

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

If You really want to success from trading don’t quit ever. It will take time, but one day you will learn from all the mistakes and understand how to make the money good luck.

Trader Sandeep: “Risk management is key to success in trading.”

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

The easier thing is to go into the market after the analysis of the market carefully.

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

I managed my emotions when I lost trades because I believed in myself and most of the time, I won the trade, and I managed my risk management which helped me to control my emotions and go forward.

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

I think it will change my life staying consistent and doing trades without any emotions as well as I will study more about trading and read journals about it so that it will help me to grow.

How would you rate your experience with FTMO?

It was a great experience with FTMO because it helped to manage my risk management so that I could protect my capital.

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

I am thinking about it.

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

I would like to say to other traders just learn risk management because risk management is key to success in trading.