Meet new FTMO Traders

We would like to give a warm welcome to our new FTMO Traders. As always, spare a few minutes to read their stories and get inspired by their success. We hope that you get some valuable pieces of information!

Trader Kevin describes how he managed his RR ratio

Where have you learnt about FTMO?

I learned about FTMO because I was actively looking for a trading firm that would give me the opportunity to fund myself and some of my students. I believe one of the big challenges that all traders face is the ability to obtain large capital in order for them to trade with proper risk management. I saw an opportunity with FTMO and fell in love with the company.

How would you rate your experience with FTMO?

The experience was really good. Getting used to the specific risk management rules was pretty easy to me.

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

I think the most difficult part is just simply taking losses and knowing that no matter how bad I want to revenge trade, I can't. There are specific daily loss targets that I have to respect which then forced me to relax and forget about to market until the next trading day.

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

I always managed my risk to reward properly. No matter if I had a 3 trade losing streak I knew that I could make it up with one of my 3:1 or 4:1 trades. I was so confident in my trading that during my Verification I actually passed it in 2 days because the profit target was very low, so I actually decided to purposely lose and bring my account back to $50,000 and trade it back up for the second time to my profit target. Just to have a little fun.

How does passing the Challenge and Verification changed your life?

It changes my life simply because I can now trade with much larger capital, therefore, obtain much larger returns.

One piece of advice for people starting the Challenge now.

Focus on risk management and stay consistent! Always learn from your losses. You can do it.

 

Trader Ricardo shares his FTMO experience

Where have you learnt about FTMO?

I learned how to manage my risk to reward and not over trade by placing a bunch of different trades at once. This changed the way, I trade in a big positive way. I have more control now and my trades are in my believe the best trades.

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

I will definitely take another Challenge for a higher budget for sure.

What was the hardest obstacle on your trading journey?

The hardest obstacle was my risk to reward. Sometimes, I see a good trade but, the risk to reward was not the best one for me.

How does your risk management plan look like?

My risk management looks a lot better now, since, I started taking the Challenge with FTMO for sure. I could prove it by passing the Challenge after a few tries. Right now, I'm taking high-quality trades ONLY and if my risk to reward is not good, I'll pass on that trade and wait for the next set up.

What was easier than expected during the Challenge or Verification?

It was in a way but, at one point the spreads were can of high. So, what I did, I changed the time to trade and found the best spreads. In my opinion trading from 12am-11am (eastern time) is good and maybe 8-10pm (eastern time) but never after 11 am - 7:59pm (eastern time)

One piece of advice for people starting the Challenge now.

My advice for those looking at this is that this is not a scam or something shady. Some people are afraid because of other companies scamming people but, so far and I have seen many other traders getting funded that this is real. Also, FTMO has videos sharing great information on how to trade for their benefit. This is a win-win situation for those GOOD traders who don't have big funds and want to trade with a higher budget.

 

Trader Carlos trading during the London and New York overlap

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

Yes, I have a trading plan and yes, I follow it strictly.

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

I eliminate the factor of luck in my trading having limited trading hours and a trading plan. The trading hours go from 1 pm to 4 pm (CEST), because in this hours the volume is higher due to London and NY sessions overlap and that increases the probabilities of finding a good setup according to my trading plan.

What was the hardest obstacle on your trading journey?

I'd say waiting for the setup was my hardest obstacle, but now I have it under control. To not get desperate looking for the setups I set some price alerts in my areas of interest and go do something else.

What was easier than expected during the Challenge or Verification?

I started the Challenge and Verification with a winning mentality. I have practised my strategy for some time before joining, so because my risk-reward ratios are 1:10 or more, I had confidence that I could reach the profit objectives with ease.

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

Yes, my goal is to manage a maximum of $300k capital.

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

Don't be emotional. Manage risk.

 

Trader Chico from the United States

What was easier than expected during the Challenge or Verification?

I feel like the rules and requirements were very clear and precise it was easier to understand during the Challenge what the objectives were. Even if your trading plan was good coming in the objectives moulded the plan even more. Just easier to adapt if your plan is flexible.

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

I would say the difficult thing is when you know you have a time frame. This really plays a big part in your psychology. You don’t want to rush but you still have to manage your trades at a good rate. As well as taking the right setups.

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

I would say the biggest challenge was the daily drawdown. But also just not making simple mistakes due to the fact that you have some added pressure under your belt! As a trader participating in this Challenge, you have to be able to adapt. And the objectives made you aware of that. So this helped me focus 10X more on being a patient trader which helped with that drawdown.

How did Maximum loss limits affect your trading style?

The maximum loss limits actually structured my trading even more it allowed me to wait for better setups within the market. Very different but it really increases my awareness on the charts.

How does passing the Challenge and Verification changed your life?

Passing the Challenge/Verification has changed my life drastically this has been one of my biggest goals for a while now. When I heard about FTMO the challenge and obstacles made me tighten up my trading skills drastically. I’m looking forward to being one of your top traders here! This will be an even bigger journey of growth.

One piece of advice for people starting the Challenge now.

I would say be very patient and let the right setups come to you. There’s no room for rushing trades but you will need to be able to still be aware of time. Also, be confident in your trading skillset there’s a reason why you sign up to be an FTMO funded trader. Bring your complete focus and A-game.

 

Trader Nick with 10 years of trading experience

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

At 10 years of trading experience, I'm able to identify the market direction to eliminate the factor of luck.

How does your risk management plan look like?

I always have an entry point to my trades, mostly risk 5-10% of trade size, when you are on the profit you must be patient if your account is at a good balance.

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

I have a trading plan that follows it, but it is impossible for a trading strategy to work all the time, you must be able to transform into any market condition.

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

First of all, you must passionate and love what you do!! if you go only for the money you will lose!! you must have discipline, strong work ethic, confidence, emotional stability, independence and responsibility, always believe to yourself, have a big ego and awareness and keep moving forward no matter what happens!!

How did Maximum loss limits affect your trading style?

The daily loss limit for the open positions is tough if you trade aggressive but is manageable with smaller positions.

One piece of advice for people starting the Challenge now.

Prepare yourself properly with backtesting your strategy, have a mindset of a winner and keep forward!!!