Help us welcome these new FTMO Traders who recently got funded by us

We are happy to bring you another batch of newly funded FTMO Traders and their interviews. Be inspired by their success stories and tips on how to pass the evaluation process.

How trader Dominik adjusted to new capital size?

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

I strictly followed my trading strategy so the emotions went sideways and when I already knew that this trade would not be profitable, I tried to close the trade in the least possible loss or breakeven so there was no time for emotions. Fortunately, it didn’t happen to me often and trades were in profits.

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

Yes, I’m glad that after a long time I found a trading plan that suits me in everything. So I have no reason to trade other strategies.

Has your psychology ever affected your trading plan?

In the beginning, when I received a challenge account, I had a bit of a problem because the size of the capital was new to me and I never traded with such a large capital but when I traded, I focused on my strategy so I ignored it and after first profit, it completely went.

How does your risk management plan look like?

My risk management is simply made up of four points: 1- A big win 2- A small win 3- Breakeven 4-A small loss. A big loss can’t be acceptable.

What was the hardest obstacle on your trading journey?

The hardest part, in the beginning, was for me to accept a lot of losses and months of testing strategies that didn’t work. Everyone has to go through this, otherwise they won’t get where they want. The main goal for me was not to give up.

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

Don’t give up! Do it as best you can and the results will come sooner than you think.

Trader Dailenys improved her results through backtesting

What was the hardest obstacle on your trading journey?

My hardest obstacles was trying not to over trade and keeping my risk management to a minimum

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

I kept going back and looking at my mistakes to make sure I didn’t do then again. A lot of backtesting

Where have you learnt about FTMO?

From a previous challenge winner on the Instagram

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

Risk management is one of the most important

Has your psychology ever affected your trading plan?

Yes sometimes emotions can get in the way but I have slowly learned how to not let it affect my trading

One piece of advice for people starting the Challenge now.

Don’t be scared, just keep your losses low and you’ll be fine. Take your time in your trades and don’t rush the process.

Trader Brandon reflects on his trading journey

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

For me, the ability to control and respond to emotion has been the most important aspect in becoming profitable. It is very easy to act emotionally, and it can be incredibly dangerous. For example, holding on to a loss or acting out of spite or impatience. It’s important to recognize emotion and it’s not bad at all to simply step away when you know you’re unable to act 100% logically.

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

Yes. I have ideas of where, how, when, and how fast I want to see a market move and if there is a deviation in reality from my plan, it’s important to dynamically adapt. For example, price acceptance at prices that I was expecting rejection would call for an early exit and potentially even a reversal trade, assuming I’m able to define my risk. To me, it is more important to have a dynamic plan than it is to have a simple plan and follow it strictly.

How would you rate your experience with FTMO?

FTMO offers great opportunities to traders looking for capital. The objectives are neither too strict nor too loose, and each part of the process allows for plenty of time to meet the objectives. I’m very happy with the experience I’ve had so far with FTMO, and I intend on obtaining additional funded accounts.

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

Risk management. Long term consistency and repeatability are crucial to trading success. Even profitable strategies can be blown up with improper risk management. Because the outcome of any individual trade is unknown, edges play out only in the long run, and it is important to exercise diligent risk management to allow this to happen. It is an often overlooked aspect by new traders when in reality, risk management is more important than the trading itself.

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

Having a monetary profit target is somewhat psychologically different than simply waiting for and acting on opportunity. It can sometimes feel like extra pressure to open positions because you have a ‘target’ to reach. It is best to ignore these feelings and act on an opportunity as you would without a profit target.

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

It’s very gratifying to have completed the process, and the best advice I have to those attempting Challenges or any newer traders is to exercise patience. There will always be another opportunity, never grow an attachment to any single setup or opportunity. Both the Challenge and Verification periods are plenty long enough to take your time in meeting the objectives

Trader Katie from the UK

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

To have an edge in the market and then to stick to that edge and perfect it, don’t keep jumping from one strategy to another as in my experience it doesn’t get you very far.

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

Getting to less than 1% off the required profit target and then losing a few trades. This is where I believe the psychology element in trading comes in and this is what I have spent a lot of time trying to improve in the past. It is just as important to learn how to preserve your capital as well as obviously how to grow it.

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

Be consistent with your own strategy, and do not let your emotions overpower you.

Has your psychology ever affected your trading plan?

Yes definitely, I think it affects everyone to start with however, I always keep a detailed trading journal to monitor where and why my losses occur and how I can improve.

What was easier than expected during the Challenge or Verification?

I passed the challenge a lot quicker than expected, and quicker than the verification stage even though the profit target were higher in the challenge. I think the verification stage tested me but in a good way.

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

Take your time with challenge and verification don’t get discouraged if you lose trades and take the time to journal your trades and re-evaluate.

Trader Ashley describes his best trade

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

I try to keep the emotions out of all trading whether it is winning or losing. Having a strategy which i believe in and have a proven track record so that I know it will work overtime. This helps with not involving emotion, allowing me to stay calm and make good decisions.

How does your risk management plan look like?

Only taking trades that are above 1RR and limiting myself on the number of trades that I take in a day to ensure that I am not over-trading.

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

I plan to take another FTMO Challenge in the future so that I have a larger capital.

Describe your best trade.

The best trade I took through the whole challenge was during the Verification. It was the GBP/USD i sold the pair based on the 4 hour chart which was coming up to a strong resistance and fib level. This profited me about 87 pips.

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

On the Challenge, i had a couple of losing days in a row, which begin to knock my confidence. So I took a step back, went back over my strategy to ensure i was trading the way i should be and then went back into the market.

One piece of advice for people starting the Challenge now.

To take your time, you don’t need to rush. You don’t need to trade every day if the opportunities aren’t there.