Meet our new FTMO Traders!

Our new FTMO Traders reflect on their Challenges and Verification, share their trading strategies and difficulties they had to face on their way to get funded by FTMO. Enjoy this dose of inspiration!

Trader Perez from France

 

How would you rate your experience with FTMO?

I am for the moment, a new trader of FTMO, the Challenges that I had to pass allowed me to be disciplined.

How does your risk management plan look like?

My risk management plan is structured as follows: Having a daily loss capacity of 5%, I risk only 1% per trade and I place a maximum of 4 orders so as not to violate this daily limit.

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

All my positions are measured in advance and therefore, I am very little affected psychologically when my positions are losing.

How did Maximum loss limits affect your trading style?

Thanks to the maximum loss limits, I learned to be more disciplined.

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

YES, I’m considering it.

One piece of advice for people starting the Challenge now.

Honestly, I would advise them to trade by leaving a margin on the daily loss limit otherwise he could violate it.

 

Trader Lee about focusing on trading of one pair only

 

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

I think the key to succeeding long term is to have a trading plan set in stone. Even if its just trading one pair that you get to know well, like myself, I mostly use GJ. But it’s enough to make good returns as you can get good R:R.

Has your psychology ever affected your trading plan?

Yes, if someone says that their psychology doesn’t get effect then they are lying. Even the best traders experience it at times. We just do our best to try and tame it as much as we can.

Describe your best trade.

My best trade is actually what most people consider not a good way to trade. I picked the bottom on GJ for 1000 pips or so. but as everyone says, trying to pick bottoms is a losing game. Until you hit 1000 pips.

Where have you learnt about FTMO?

My friend introduced me to it. I’m now glad he did.

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

Again this goes back to mindset, after having a losing day just sitting off the computer and resetting yourself to come back the next day and be profitable.

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

Don’t give up EVER. Stick to what you like and trade the way that suits your style. Don’t try to copy others, just be yourself.

 

Trader Omar from Pakistan

 

What was the hardest obstacle on your trading journey?

The hardest obstacle I had to overcome was definitely managing my risk and not being patient to allow my trades to keep running for better rewards.

How did Maximum loss limits affect your trading style?

Did not affect at all, I have been doing 1% risk only and I believed in every trade I took. I have a good risk to reward ratio as well.

How does your risk management plan look like?

Risking 1% on each trade no matter how confident I am with certain pairs. My risk to reward ratio is always 1:2 or higher reward, so the end of the month I am most profitable. I average around 10% a month in a year.

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

The hardest thing was the minimum trading days, I am a swing trader who enters trades on the same days and exits most of my trades on the same days due to correlation and my trading strategy.

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

I most certainly will, after 2-3 months if everything goes smoothly with this one (withdrawals).

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

RISK MANAGEMENT

 

Trader Rohali from the United States

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

I would say I eliminated the factor of luck in my trading by creating a trading plan and system that I follow consistently. I would also add that backtesting a lot also was very helpful. Journaling my losses and wins was also key.

How did Maximum loss limits affect your trading style?

I wouldn’t say that it affected my trading style due to my risk management of 1-3% and also keeping a good risk to reward ratio.

What was the hardest obstacle on your trading journey?

I would say the hardest obstacle in my trading journey was mastering my own psychology eliminating fear in the market.

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

I understood the amount I was risking before I entered any position and was comfortable with the risk I was taking using risk management of 1-3%.

Has your psychology ever affected your trading plan?

Yes, there are times where my psychology can affect my trading plan just like any other trader, but as I gained more experience I had better control over my psychology and discipline.

One piece of advice for people starting the Challenge now.

One piece of advice I would have for people starting the Challenge now would be to make sure that they are using proper risk management and understanding their risk to reward ratio. Also making sure that they are aware of their trading objectives and rules.

 

Trader Eddie describes FTMO as a life-changing opportunity

 

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

I enjoyed the Challenge and Verification process and I love the rules because they keep you in check. The most difficult thing was making sure to respect the daily loss limit. After completing both the Challenge and Verification I can say it really helped me with my risk management.

Has your psychology ever affected your trading plan?

Yes more so in the beginning of my trading journey. Now I’m good and have pretty good control of my emotions.

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

I take a step back and reevaluate my trading and if I need to take a break I will. I don’t like to over trade or make emotional decisions in the market.

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

Yes, I do. Very much so. I have rules, a system, and need confirmations to take positions in the market and risk management is my focus. I plan on risking .05-1% per trade.

How does passing the Challenge and Verification changed your life?

It will change my life because I’ll be managing more capital than I was before. I’m a full-time trader so the capital size definitely matters for me to have better results. What FTMO offered me the will and has changed my life!

One piece of advice for people starting the Challenge now.

PACE YOURSELF. THERE’S NO RUSH. You have plenty of time to accomplish both the Challenge and the Verification process. If you stick to your place you’ll most likely pass so don’t change up what already works for you. And focus on % gains. If you’re up a good profit secure partials to get closer to the goal you have.