New FTMO Traders Reflect On Their Journies To Become Funded By Us

A new month brings on board plenty of new traders who got our funding and we would like to welcome all these new FTMO Traders! Check out our latest compilation of their success stories. As always, our thanks go to all of these beautiful people.

Patricia from the Netherlands

How did you start trading? 

I started trading around 2/3 years ago. First with stocks and indices, but switched to Forex quite fast. I gave up my full-time job to focus completely on being a full-time trader.

What is your trading style?

I mainly trade XAUUSD now on a low timeframe. Which gives me the opportunity to be in and out of trades within the day.

What did you do well?

Even though the Challenge felt easier to hit the target than the Verification, it taught me a lot about my trading strategy and trading
behaviour.

What should you improve?

I need to work more on my risk management and also focus more on my psychology behind the trading. Getting my emotions more under control.

Was the Challenge beneficial to you?

Yes! Very helpful! I think overall it is a very helpful way to make you an even better trader!

Would you recommend the Challenge to other traders and why?

Yes! Staying within the boundaries off losses while making enough profits is the hardest but it will make you a better trader in the end.

Sarah - Funded after blowing an account

How did you start trading? 

I was introduced to trading by a friend. My first account was opened in 2013. I didn't expect that it will take me up until now to learn and understand the markets so I can become green. I stopped trading in 2016 after blowing my account but after a 2-year hiatus, I decided to get serious a give it another shot. I opened an account with a 10k deposit which quickly was reduced to 4k and after that, I had an epiphany which helped get my account to 30k in 12 months.

What is your trading style?

I trade pivot points, support and resistance with the help of a volume profile indicator.

What did you do well?

The challenge was a great opportunity to test my discipline. It's a different beast when you are trading someone else's money.

What should you improve?

Timing my entries is a common issue with traders. I'm a victim of this vice.

Was the Challenge beneficial to you?

The challenge is an excellent way to test your skills. It is different from trading your own money so it was a great experience to learn something new about myself.

Would you recommend the Challenge to other traders and why?

I highly recommend taking the test if you are serious about becoming a full-time trader. You get the capital, the rest is up to you. Thank you FTMO for the opportunity!

 

Ndibabale - young trader from South Africa

How did you start trading? 

I am 23 years old and I Started Trading in 2017. I was watching YouTube videos and then ended up finding a Mentor because of Youtube alone wasn’t enough.

What is your trading style?

I Trade Supply and Demand levels and Chart patterns.

What did you do well?

It's really good for serious Traders because it improves the most important things in forex.

What should you improve?

Psychology.

Was the Challenge beneficial to you?

Very helpful, I’m more disciplined than I was before and I know my strengths and weaknesses.

Would you recommend the Challenge to other traders and why?

Yes! Staying within the boundaries off losses while making enough profits is the hardest but it will make you a better trader in the end.

Rashad from England

How did you start trading? 

Can’t remember exactly how I came across trading but very quickly realised that trading isn’t a get rich quick scheme. It requires studying, focus and will power just like any other trade.

What is your trading style?

Look for ema cross with 14 moving average and 50 SMA. 14 above means uptrend and 50 above means downtrend. Then look for first bounce being at 0.62/70/79 fib levels. I ran the fibs from previous high/low to new low/high depending on EMA crossover. Taking 10 pips and leaving runner to hit next S/R. Keeping an eye on 1hr and 4hr for trend direction. I look for entries on the 15 min TF and look for confluence on 30 min TF.

What did you do well?

Kept me disciplined and wise about my trades. Suffered a few losses so aimed for small positions as really only had 2000 to play with and not 20000.

What should you improve?

Money management to only take small losses. Work on a better SL.

Was the Challenge beneficial to you?

Yes very helpful.

Would you recommend the Challenge to other traders and why?

Only to those who are serious about trading and know how to trade inc money management.

 

Filip -  From Stock investing to CFDs

How did you start trading? 

I used to be a long term investor in the stock markets many years ago. Since the stock markets are ranging all the time, also in the larger timeframes, I experienced that many periods my investment was not profitable at all, so I looked for opportunities to buy stocks high, and sell low more frequently. This way a started to read about trading futures, options and CFD's more dynamically and on a shorter timeframe. There was also the “market sentiment”, emotions and the psychological aspects of the market price action which triggered my interest for technical analysis and in particular theories like Fibonacci rather than fundamental analysis. I started to study about forex, brokers, trading platforms like Metatrader and MQL5, indicators,
scripts, expert advisors and Algo trading and I got really very interested in this subject. I did a lot of self-study but I participated in a Forex trading training at Samuel Leach & Co in London. Here I
learned to look at price action on the ‘naked chart’ without any indicators or oscillators and to trade what you see, not what you hope for.

What is your trading style?

I especially trade on index CFD’s, mainly the DAX index because this instrument has a very low spread compared with the average daily range and market volatility, especially on ECN accounts. There are many opportunities during a trading session to enter the market and trade with a good risk/reward ratio. I only trade during the European and US trading sessions. In general, I avoid keeping overnight positions. I look for price reversal points in the smaller timeframes at major support and resistance levels (liquidity pools). Around these SR levels, there are often a lot of (retail trader) stop-loss orders and this is where the market gets its liquidity. The big guys like traders working for big banks, institutions and investment funds need this liquidity to enter/exit the market. They need a lot of sellers if they want to buy large volumes and visa versa. I studied a lot about this subject, liquidity pools and market manipulation and much of this applies to the
daily price action. I found a lot of information in the online forex forums. I collected a set of indicators and experts to facilitate my trading. Thanks to my IT background I also started to develop my own indicators and EA’s.

What did you do well?

The FTMO challenge and verification were very helpful to me. It gives the opportunity to trade like in a live environment with strict objectives, a target and advanced statistics on your daily progress. The Account Metrix app is a great tool!

What should you improve?

I can still improve my trading style a lot. I know I need to be more patient and wait for the right opportunity. Secondly, I should avoid taking “revenge” after a loss. I also should avoid positions where I "hope" for reversal or pullback.

Was the Challenge beneficial to you?

My trading style improved a lot thanks to FTMO. I went through different challenges where I learned a lot. About the trading itself, during the challenge(s) I learned to be very focused and disciplined and to apply very strict money and risk management while trading. This is the most important requirement to meet the trading objectives. This was my missing link: Focus, Risk/Reward, no overexposure, no revenge, respect the trend, always stop-loss, etc...

Would you recommend the Challenge to other traders and why?

FTMO has a very clear website and client area with advanced tools and statistics. Communication, website and reporting are very clear and straightforward. The customer service is excellent and quick. I can recommend FTMO to any trader who is interested to improve his trading and who is finally looking to get funded. FTMO is offering the best profit split available on the market.

 

Tiberiu - Fibs don't lie

How did you start trading? 

My name is Tiberiu, I am 22 years old and I am from Romania. I started trading forex over a year ago by taking some beginners courses at a local company.

What is your trading style?

I used to trade for the past 4-5 months by a strategy called "Fibs don't lie" which means that I am using Fibonacci retracement for entries. I also use the 14 ema, 50 sma and the 200 ema. I am waiting for a market structure break then if there is an ema's cross I will draw the fib on that specific leg and wait for a retracement to enter. I enter on the 62-79 Fibonacci retracement area in confluence with institutional levels, support or resistance from the higher time frame or the overall trend, etc. I mean I am not entering just based on the fibs levels but I am looking for some confluence. The strategy can be used in every time frame or market instrument. My lowest time frame to trade on is M15 and the highest is H1 or very rarely H4 as I am a day trader and I don't
keep my positions overnight/weekend.

What did you do well?

As I failed at some other challenges of yours I think both challenge and verification are soo good to improve trading skills. Not the strategy that trades are using but the discipline, money management, the lack of patience, etc.

What should you improve?

I was bad at patience at the beginnings but now I am better at that but there is still space to improve that. (patience for my pattern to happen and patience with taking profits)

Was the Challenge beneficial to you?

Absolutely. When I heard about FTMO and trading objectives for a funded account, I realized that it would be hard for me to reach the profit target of the challenge phase without violating the risk management rules. All based on my results in an average trading month. However, I searched for ways to improve my strategy and after some wrong tracks, I found out a lot of interesting things about my strategy which made it much better than it was before I started with FTMO.

Would you recommend the Challenge to other traders and why?

Definitely. In my opinion, such a Challenge helps every trader to take things seriously. And there is an outstanding reward for a very little money risk with the FTMO evaluation process fee. I my case I had to risk 500 USD for receiving a 100.000 USD funded account. I treated this investment as a trade with a risk-reward of 200.

 

Srinivasa from India

How did you start trading? 

When there was a break in my career, I was looking for an opportunity to generate alternative income. That time, I chanced upon a mailer on forex trading.

What is your trading style?

My strategy is to trade in the M5 time frame with confirmation of trend from H4 time frame

What did you do well?

This is great in cultivating discipline, risk and money management, the areas we often ignore when trading on our own accounts but significant impact on consistent results. I used to focus on finding the best strategy and more profits ignoring the above areas.

What should you improve?

Equity management and patience while awaiting good entries.

 

Was the Challenge beneficial to you?

It helped me to shift focus on risk and position size. Also helped go a little steady and prevent over-trading

Would you recommend the Challenge to other traders and why?

Yes. I will recommend to other traders to go for Challenge that brings added values as explained above.

 

Jonathan - from sports betting to trading

How did you start trading? 

I used to do sports trading on Betfair on the weekends but wanted something that could provide an income through the week. I bought a trading system online and began reading up on everything to do with technical trading on the financial markets. I became hooked when I began this journey in 2012. I think I have probably followed a similar journey
to most traders, trying every indicator/method under the sun before realising that it is mostly to do with your own psychology.

What is your trading style?

I day trade on the 5-minute chart, almost exclusively the German Dax. It is essentially a price action strategy that I have developed using fractals as entries but I use moving averages as well to help keep me on the right side of a trade.

What did you do well?

I was pleased with my performance on the Challenge and Verification as there were not huge drawdowns. The rules of the challenge helped me to maintain my discipline.

What should you improve?

I need to improve my reaction after taking a loss - revenge trading can be very detrimental to your account. I find it is good to step away from the charts after a loss and come back with a clear head a few minutes later.

Was the Challenge beneficial to you?

The Challenge was definitely helpful because the rules keep you disciplined. You know that if you mess up you are out of the game. The rules provide a good platform for you to make sure your money management is solid. The daily loss limit I found particularly helpful on one of my tougher days during the challenge.

Would you recommend the Challenge to other traders and why?

I certainly would. It is a great opportunity to get access to capital, with very little risk even if you are unsuccessful initially. The rules help you become more disciplined.

 

Oliver - Getting funded at 19 years old

How did you start trading? 

Hello Traders, I'm Oliver. Currently 19, born and raised in Bangkok City. I started trading around Sept 2018 (Midway during the crypto crash). I had liquidated all my profits from the crypto bull run due to not knowing a thing about Technical Analysis or Risk Management(I was gambling on a dream). In fact, all the YouTube influences I was following were saying that Technical Analysis is Bullsh*t and cant be applied. They were taking the approach of Holding onto their investments though the bear market(The worst method of investing). Of course, I followed them and took their word. This was a very dark time for me, all my profits were negative, and my investments were worth nothing. During that period I had found some Crypto Traders on Youtube who were shorting
the market. To my surprise, I didn't know such a thing was possible. This was the very start to my trading journey as it had sparked my curiosity of the financial markets. These traders had a paid group you could join, where you pay a fee to join their chatroom and access their indicators. These flashy indicators instantly sold me, and I had joined their group
the next day. I was spending hours a day learning this new skill because I knew that this was what I want to be doing for the rest of my life. I was learning all my content from available sources online such as books and seminars. Everything from Elliot Waves, indicators, To Animal and Candlestick Patterns. Little did I know that I was never going to be profitable using such strategies... I was still failing in trading, no matter how much time I had put into studying. One night I had crashed my account again for the third time, and I had told myself that trading was
not for me. I was going to quit that very day. It was until I ask for help from one profitable trader in that paid chat room. He seemed to be calling market swings with a crazy spot-on precision, So I just had to reach out to him. Long story short, he took me under his wing and taught me about how the markets are manipulated and how to take advantage of mainstream trading methods (Makes sense because 90% of Traders are losing money) It took me a couple of months to start seeing real results and I started killing it with uttermost precision. Now I help to fail
traders become consistently profitable, taking the same path I did to see results. Trading is not for everyone. What really helps is if you can develop a true passion for the charts and enjoy the marathon.

What is your trading style?

Purely Price Action. I do not rely on an indicator to tell me when to enter and exit a market. The price itself is everything you need. I start my analysis from a top-down approach. Starting from the Monthly chart and eventually working my way down to the H4 Chart. This gives me all the levels I need to be watching. This is very important because the people who are moving the markets are not looking at an M1 or M5 chart. You need to know where the market is heading beforehand and be one step ahead of the game. Since trading is a zero-sum game, my trading really does rely on other traders being wrong in the market.

What did you do well?

The Challenge verification was very fun for me. Originally trading the only crypto, this was the first time I had started trading the FX Market so everything was really brand new to me. I think everyone has it in them if they can submit to time and patience when trading. Also, you could be the best at TA, but if you do not have proper risk management,
eventually, you will blow up the account.

What should you improve?

I would say the biggest thing that needs improvement is just record-keeping and journaling. Also, I need to be able to trade more like a robot, trust and have faith in my plans.

Was the Challenge beneficial to you?

Hell yeah! very helpful.

Would you recommend the Challenge to other traders and why?

Most definitely would recommend this challenge to traders. If any of you
are struggling and need some help, feel free to reach out to me and I
would most certainly be glad to help out.
https://twitter.com/hxrdtrading

Nawaf - From full-time trader to mechanical engineer and back

How did you start trading? 

I'm a mechanical engineer working as self-employed started trading 20years ago and I was a full-time trader for a good while I lost a lot of money in the process of learning and of scammers

What is your trading style?

It is based on Elliott wave and Fibonacci retracements and expansions.

What did you do well?

I think they were easy to pass as you gave a good time for them to hit the required target.

What should you improve?

To wait for a good step to improve the winning ratio.

Was the Challenge beneficial to you?

Yes, it was.

Would you recommend the Challenge to other traders and why?

I do recommend the FTMO challenge and verification.

Algo Trader Simon

How did you start trading? 

Hi there, I'm from Australia. I started trading approximately 4 years ago. In the first 2 years, I was manually trading (outside of my full-time work commitment), following various mentors and their strategy, but no matter what it seems I wasn't getting it right. Also, I found timing when the market is most active are the times that I am asleep (or should be asleep) which made it hard to trade their strategies. Although I lost quite a bit during the first 2 years, I still see the potential of forex trading and what it could do for my future. I never gave up and eventually looked into mql4 scripting and then into Algo trading. I found this is much more suitable for my lifestyle as it allowed me to work on strategies during night time/weekend when I\'m not working or
have a family commitment, and also allow me to trade during the time I'm asleep at work, killing two birds in one. From then on, it took me 1 year to build up my portfolio during which trading has become consistently profitable.

What is your trading style?

I'm an Algo trader and trade various instruments/timeframes using different strategies to allow my portfolio to be more diverse and to avoid correlations. Each strategy makes use of different indicators on different timeframes and has different entry/exit conditions. This is to try and make it work for more variety of market conditions.

What did you do well?

The challenge is the hardest to work out due to the time constraint and it took me 2 times before I succeed (The second challenge was given to me for free as I met all objectives on the first challenge except profit target, but it's still positive). The hard part for me was to derive the right amount of risk for my strategies so that it will not go over the daily max limit, but will also have a chance to achieve the profit target when the market is in favour. Once that is in place, it is just a matter of waiting for the time when the market becomes active enough to allow my strategies to reach the profit target. For the verification, it's the same deal, I just set my risk for all my strategies to be lower and just wait for the market to do its thing.

What should you improve?

I'm always working on new strategies to try and make my portfolio more diverse and the equity curve smoother and I still have a long way to go to reach my goal. Also, once I get the funded account, the most important thing for me is to ensure that my strategies don't make any trades during the major news event that is forbidden to trade (especially during the time I'm sleeping or at work). I have something in place now to manage that aspect but will need to continue to monitor that to ensure it's working properly.

Was the Challenge beneficial to you?

I think the challenge was very helpful and reinforce the idea of how important risk management is, which has formed the basis of my strategies in Algo trading since the beginning.

Would you recommend the Challenge to other traders and why?

I would recommend this challenge to all serious traders. The objectives are very realistic and reasonable. Although the profit target for the challenge may not always be achievable in the certain month, they do give you another go as long as it's still positive which is great!

Wyckoff Trader Wuytens from Belgium

How did you start trading? 

Started with trading cryptos in 2017, later that year I started with studying and trading forex & stocks.

What is your trading style?

I'm trading smart money concepts: Reading and understanding how the market moves, I carefully place analysed entries and take profits. I also trade Wyckoff: Accumulation & Distribution.

What did you do well?

It's very important to read the rules first before beginning on the challenge. 10% profit in one month is doable with good risk management.
Verification also is doable with a 5% target.

What should you improve?

I'm trading mostly 1-4h and daily charts. In future, I want to trade
weekly & monthly and going for long term trades.

Was the Challenge beneficial to you?

Yes, with the drawdown limit its a very good account to trade with good risk management. Risk management is the key in trading, without good risk management it's impossible to gain long term results consistent (simple maths).

Would you recommend the Challenge to other traders and why?

Yes, trading this account makes u a better trader.

Timothy from the United States

How did you start trading? 

I started studying trading back in 2012 when I have seen some successful people posting about it online. So I started to study it all day and all night till I felt I had a good grasp of what was going on and how to be successful at it. Took lots of practice and studying to get it down. Now I continue to study it and work on my craft to get better each and every day.

What is your trading style?

I swing trade the market cycle week to week and month to month.

What did you do well?

It was a good challenge and will weed out any of the traders who aren't great with risk management.

What should you improve?

More precise entries.

Was the Challenge beneficial to you?

Yes, it helped me dial in my risk management even more than I previously have been able to.

Would you recommend the Challenge to other traders and why?

Yes as this is a great challenge that will help to improve anyone's trading.

 

 

As you can see, anyone can really become the FTMO Trader and manage our capital. No matter what your origin is, the only aspects that matter is your discipline, work ethics and determination.

Good Luck to all of our new FTMO traders!