Interviews with our FTMO Traders

Welcome to our regular series of interviews with new FTMO Traders. In this article, we ask them a series of questions about their journey and FTMO experience. Learn from those who succeeded in our evaluation course. Everyone who trades seriously can become our FTMO Trader!

 

Trader Dongmei – “Stay calm and don’t chase the market.”

 

 

How would you rate your experience with FTMO?

The experience has been quite uplifting. The people at FTMO seem very patient and professional and prompt in answering any inquiries and questions

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

It is a little daunting when you place your first trade. and my biggest concern early on in the challenge was being able to complete it within the given time. I’m a rather ‘laid back’ type of trader and tend to wait for the trades to come to me rather than chase them. After a short time, I settled down and became far more confident in my ability to complete the challenge without compromising my trading style.

How does your risk management plan look like?

I tend to vary my risk parameters to suit the market conditions. Over particularly volatile periods I will stop myself out and ease my way back in to a position if I still believe that my chosen directional bias is the correct one. If my intention is to scalp the market for quicker more immediate results -, I will apply a much stricter attitude to risk and stop loss placement

How did Maximum loss limits affect your trading style?

They were a very good way of keeping me focused. You can often dig a difficult hole for yourself to climb out of when holding positions that are not going entirely to plan. Max stop-loss limits are a sensible way of keeping your account under control.

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

I decided to trade over the recent holiday period. The most difficult aspect for me was finding quality trades in the lower liquidity – Some days were slow, with very little movement. On the plus side – this did allow me to build and add to positions on occasions, with less market surprises to upset my trades.

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

Stay calm and don’t chase the market. Trades, ideas, and opportunities often come to you when you least expect it. Let the ‘market’ come you

 

Trader Kevin –  “I want to work for myself one day and not worry about money at all.”

 

 

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

I managed my emotions by trying not to have any when entering the market. If I get a losing trade then it is what it is. I move on. I always tell myself that i can never win 100% of my trades. So my emotions are in check.

How would you rate your experience with FTMO?

My experience with FTMO is very nice. I get quick answers when I need them and out of the reviews that I have read you guys are one of the best funding companies.

What inspires you to pursue trading?

Freedom. I want to work for myself one day and not worry about money at all.

 

 

How did Maximum loss limits affect your trading style?

It definitely made me more careful. I made a plan where I could do x amounts of trades to hit the maximum loss. In my case, it was risking about 2% a day. The maximum loss is 10% so it definitely helped me be more careful with the trades that I took and not just go in with a trade risking 10% at once.

What was the hardest obstacle on your trading journey?

The hardest obstacle in my trading journey was and still is to be emotionless when entering a trade. Tell me that I will lose in the market and just because I lost x amount today I will not get angry and revenge trade.

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

Take your time. Once you feel confident then go for it.

 

Trader Ayao – “In this business, you can’t rely on luck, you have to have a good strategy.”

 

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

For me, I succeeded in the challenge easily why because the pairs I traded are in a configuration that corresponded to my strategy. But the most difficult part was the verification. I was in euphoria, I didn’t respect my rules and I had a hole in the capital, I got myself together and I passed the verification.

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

The key to long-term success is to apply the same strategy until it becomes a reflex.

How did Maximum loss limits affect your trading style?

FTMO’s loss limit system is a good strategy that allowed me to better manage losses and to choose trades with a high probability of gain.

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

Taking a position on the market is one thing, but managing emotion is another. During losing trades, I avoid going into hope mode and I quickly cut my losing trades.

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

In this business, you can’t rely on luck, you have to have a good strategy.

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

It is necessary to arm oneself with a good trading method that is well defined and always applies the same strategy and to avoid relying on the luck factor because there is no such thing as luck in this business.

 

Trader Richard – “Risk management plus a trading plan will help you go a very long way in this business.”

 

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

Proper risk management is key, even if you have a great winning system, without risk management, then it’s all going to the drain eventually. Learn to risk only what you can on a day to day basis. And of course, know your profit target. Money in the bank is far better than money on paper. Thus put profit targets and stick with it! I normally target about 1-2% per day and trade 5x per week. If at any given time I achieve my weekly target, I pause and wait for another week to come, I avoid overtrading, and if in a day I lose about 2%, I stop trading and try again the next day. All it takes is discipline, by knowing when to stop.

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

Having 60 days on the verification with a half profit target was easier than anticipated. I was more worried about the challenge as it has 30 days to make 10%, which in the Forex world is difficult but not impossible.

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

I’d say risk management is the one big enabler for a trader to be successful in this business. This should be the foundation of each and every trader. Knowing how much you should risk per trade, per day and how much you are willing to lose per day can bring you a long way in your trading journey. We all have been there- trading overly leveraged, thinking you can be a one-day millionaire but you end-up busting your account. It is a place I don’t want to be in again. So I stick up with my risk management routine every single time and I’ve seen results come in as planned.

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

Yes, I plan to maximize the 300K. And hoping to be profitable enough for me to leave my day job and be a full-timer.

What was the hardest obstacle on your trading journey?

Not knowing what risk management was, and not having a plan at all. My old self was too emotional and I tend to revenge trade every time I lose. It all changed when I came across this babypips article on leverage and risk management and then NNFX came into the picture. These 2 helped me realized upfront what my problem was and how I need to deal with it.

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

Did I say risk management more than enough already? If you’re not sure what it’s about, there are a lot of materials online for FREE, I repeat, you don’t even need a GURU, a GROUP, or a paid service. IT IS ALL FREE OUT THERE. All you need to do is READ and keep going at it. Once you have mastered this, try also taking control of your emotions by not being vengeful for each losing trade. Learn to walk away and try again. Risk management plus a trading plan will help you go a very long way in this business.

Trader Mateo – “There is no secret formula to achieve profitability.”

 

 

Describe your best trade.

My best trade was actually the last one I made before passing the verification. I sold GBP/Usd with good timing so my SL was short and I could use some more sizing. I was able to make over 3.5% of my account while risking the same I have been risking through the whole process (1%-1.5%).

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

Not for now, since you can also apply for an increase in the account. But maybe in the future, I will take another.

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

Discipline. There is no manual on how you should trade, every trader is a world, but one thing every one of them should share is the discipline to trade your plan, whatever it is.

What was the hardest obstacle on your trading journey?

Getting the right mindset. It still makes me struggle once in a while. But it was one of the hardest things understanding this is a game of probabilities and adjusting your mind to that. Hopefully, there are a lot of great books about that.

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

Keeping everything on track, I think FTMO platform and services are out of this world, you get tons of information about your account. It makes everything easier.

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

There is no secret formula to achieve profitability, you can learn a strategy and some proper risk management in a few weeks. But then it will take A LOT of time and practice to make it work for you. If you like trading then it won’t be a problem for you, but if you don’t really like it then I would tell you don’t even try, because it can get very frustrating from time to time.