“Failure is the mother of success”

Failure does not mean the end. Just because a trader executes a trade - or even several trades in a row - at a loss does not necessarily mean he is doing something wrong. The problem may not even lie in his strategy. What matters most is following the rules, staying consistent, and not giving up. Success will eventually come, just as it did for our new FTMO Traders.

Trader Mohammed Abu: “Trust your plan and stay consistent in your trade.”

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

This verification will allow me to improve and scale my life in every aspect. Allowing me to support myself financially and move into becoming a full-time professional trader.

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

Understanding my trading strategy has allowed me to improve my system and benefit from the market opportunities given. The lessons learnt from my failed challenges have improved my psychology and system massively, giving me lessons to learn from which have put me in this position. Without having failed the challenges I would not have learnt the lessons needed and would not be in the position I am in now.

What was the hardest obstacle on your trading journey?

Figuring out what my profitable days were and what days to avoid. Over trading and choosing the right currency to trade has had a massive impact on my trading.

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

I would wait for high probable setups according to my strategy and execute them flawlessly.

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

I plan to scale up to 150k in funding and eventually reach 1 million in funding with FTMO.

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

To trust your plan and stay consistent in your trade. Failure is the mother of success.

Trader Benas: “Take your time. You won’t regret it.”

Describe your best trade.

Day trading, that is my specialty in trading.

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

Yes, this is my ultimate dream to keep scaling in order to be a successful professional full-time trader.

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

Learning how to manage fear. What if it doesn’t work out? What if I just keep losing? I overcame it by only taking the highest quality setups and also taking breaks to back test in order to build confidence, and letting my model present themselves with patience. Finally, always telling myself that my strategy is mathematically proven to work so long as I follow my rules for it strictly.

What was the hardest obstacle on your trading journey?

Psychology.

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

That the drawdowns are quite generous.

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

Don’t rush, funded challenges are not on a time constraint. We are in a golden era of prop trading, there used to be a time where there was a time limit to pass a challenge. Take your time. You won’t regret it.

Trader Oleksii: “Do not stop even if you fail a couple of times.”

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

As I’m new in trading it’s difficult to characterize the easiest sides of the challenge and verification process. But after a couple of negative tries to pass a challenge process I changed my trading strategy, and I guess after that it is easiest to find the trade enter point.

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

The difficult part was to understand the market moves. I tried to trade only in the London session by using 5 min T.F. actually without understanding the contrast from higher T.F. So, I started a regular back test, and it helped me to change my trading strategy.

How does your risk management plan look like?

My risk is always 1%. As I’m a new trader it’s still difficult for me to hold positions like 3:1. So I mostly work with 2:1 or even 1:1. Sometimes I can increase the risk to 2% only what I’m 100% sure of contest.

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

Yes. But first I want to understand all the details and withdraw the process.

Where have you learnt about FTMO?

FTMO is a chance to change my life what actually I’m trying to do last 10 years.

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

Do not rush. Do not take first strange challenge with bigger capital. Do not stop even if you fail a couple of times.