Our new FTMO Traders from Taiwan | Germany | Portugal | Australia | UK

We have received very positive feedback on the previous compilation of our new FTMO Traders. Since there is a new FTMO Trader practically every day, we will be publishing this compilation more often. We would like to thank all of these new FTMO Traders for taking the time to share their story with us.

Ai - our latest funded daytrader from Taiwan 

 

Ai from Japan, now residing in Taipei

1)  How did you start trading? 

Hello, from Taiwan! I'm a Japanese mother of two high school kids currently residing in Taipei. I started forex trading three years ago when I found my mentor on YouTube. I joined his online school, learned everything about forex trading. Among others, my mentor taught me the essence of trading. Trading is simple. It is our emotions that complicate decision making. Prior to the learning of forex trading, I was in the field of Animal Communication where you will need to closely examine your own emotions. As a trader too, I always bear in mind to pay attention to every feeling and emotion that I feel, before, during and after trading. And instead of trying to ignore, deny, control or overcome them, I simply acknowledge them as they are. In the course of learning how to trade, also by seeing clearly in figures that my skill has been improved, my confidence and self-esteem also improved dramatically. This is something that I truly love about trading. I believe the process of becoming a professional trader itself will make you grow as a person. I love trading. I'm sure I will be trading for the rest of my life!

2) What is your trading style?

I'm a day trader, never hold overnight, only trade GBP. My main session is London. I use Price Action strategy, MAs and Bollinger Bands on H12, H2 and 15 Mins charts.

3) What did you do well?

It took me two Challenges and one Verification to pass. For the first Challenge, I passed all other Objectives except Profit Target with a positive balance. So I had a chance to repeat it again for free. I'm glad that I passed the second Challenge and Verification both in 11 Trading Days, the number of trades were also both 17 and achieving the Profit Target without ever being in a negative balance.

4) What should you improve?

During the Verification, I was very cautious not to lose, so my RRR went low. In some trades (in fact many trades), I got out too early instead of waiting patiently until T/P. I will have to reconsider my position sizing and trading habits.

Ai's Verification

5) Was the Challenge beneficial to you?

Absolutely. I can clearly see from the balance charts that my trading has improved since my first Challenge.

6) Would you recommend the Challenge to other traders and why?

Definitely. Especially to the traders who have intermediate to advanced skills looking for funding. Trading rules and the tools offered by FTMO allow us to improve our skills much quicker than just trading on our own.

Rico - FTMO Trader from Australia

Rico from Indonesia, residing in Australia

 

1)  How did you start trading? 

Hello. My name is Rico. I am Indonesian living in Australia. I started trading around 6 years ago. I've always interested in making money online and that is why I chose forex trading. First few years of trading really was a lesson for me. Did not make any progress, instead, I lost a lot of money. But I never give up and I always try to improve and learn more about trading. After years of trading, finally, I understand what the real forex trading should be. In my trading experience, I am grateful I had a chance to work for a forex website, creating forex analyses and articles. I also teach people, both on a webinar and seminar. I even got a job as a trader in a prop trading firm based in Australia.

2) What is your trading style?

I use a tool called market sentiment. I always monitor what the crowd is doing and I will trade the exact opposite of what the crowd is doing (against the crowd). To enter a trade, I use divergence pattern using the MACD indicator. I always look for a good risk to reward ratio. If I feel my open trade is not going anywhere, I will quickly close the trade and look for another opportunity.

3) What did you do well?

I was pretty nervous actually. Challenge is more difficult for me because of the time limit. You actually only have less than 25 days to trade and achieve the objectives. That is why I focused on the quality of my trades. I looked only for a good setup, which I believe would give me the best result. The verification, on the other hand, was far more easy for me haha. Even though I have 60 days to complete the verification, of course, I want to finish it as soon as possible. So again, I focused on the quality of my trades and I did it.

 

Rico's Verification

5) Was the Challenge beneficial to you?

Having certain trading rules clearly helps me to focus on managing risks rather than chasing money. You will be more careful when you are trading because you do not want to break these rules.

6) Would you recommend the Challenge to other traders and why?

If you think you are a good forex trader and you can manage risks, this Challenge is for you.

 

Ditesh - This UK Trader is still fighting his way in Verification towards the FTMO Account

1)  How did you start trading? 

Hello, My name is Ditesh Patel and I'm a 19-year-old trader from the UK. I started trading when I was about to turn 18. I saw a post on Instagram about forex and how they make money trading foreign currency. I was soo hyped and excited to learn forex. I wanted financial freedom and wanted to do something in life. So, I began learning forex. I struggled at the beginning and my first year of trading was absolutely awful. I lost all my saving and my earning. Those were one of the worse days of my life. But come on, you won't learn until you fail. I learned my lesson and I moved on and then I found a mentor who taught me the skills I was lacking, his name is David. I joined his group called Tradehunt Fx and leaned a new profitable strategy. Then a friend of mine recommended me to take a Challenge from FTMO who fund traders, this Challenge helped me a lot about how to be disciplined with your trading account. I saw this opportunity to change my life. I never gave up even after failing 2 times, then I finally managed to pass the first Challenge (The hardest Challenge). This Challenge is a life changer for me. Thanks, FTMO.

2) What is your trading style?

My strategy is based on technical analysis, trendline and Fibonacci levels. It's a swing trading strategy, so my trades usually run for a few days before closing. I look for a trend reversal using Fibonacci levels to execute the trades.

3) What did you do well?

I must say that this Challenge is hard if you're not disciplined with the trades you execute. But you can't complain because this Challenge was made to test our trading skills which, I think this Challenge does it perfectly. The objectives of this Challenge teach us to be disciplined while trading.

Ditesh's Challenge

5) Was the Challenge beneficial to you?

This Challenge and their objective helped me a lot with being disciplined with my trades and how to manage a trading account professionally. Passing FTMO Challenge was the best thing that happened to me this year.

6) Would you recommend the Challenge to other traders and why?

I personally recommend this Challenge to everyone. It doesn't matter if you are professional or beginner. This Challenge will teach you how to be disciplined with your trading account. This Challenge will test your trading skills, so it can help you to reflect on your trading strategy or your trading plan. This Challenge is worth to take a risk. There's a saying "You won't get anything in your life without taking any risk".

 

 

João - Our new FTMO trader from Portugal

João from Portugal

1)  How did you start trading? 

I started trading 2 years ago because of the freedom that trading could give to us.

2) What is your trading style?

I like to follow the trend of the product that I´m buying/selling. I use key levels to sell/buy the currencies that I am looking at and Price Action to know when a change could arrive in the market. I look for the fundamentals to give me extra confirmation in my direction.

3) What did you do well and what do you need to improve?

I liked very much the 2 stages, it was very fun and love the discipline that was required to pass the stages. I am always looking to refine myself and my trading style. A lot of journals that I did in the past months and still a couple of things to improve. Need to improve my exits of the trades and my discipline to not trade when I am not feeling it's my best performance.

João's Verification

5) Was the Challenge beneficial to you?

Yes, as I said the discipline of the max. amount of losses and the 50% trading days positive helped me to have more discipline to complete the Challenge.

6) Would you recommend the Challenge to other traders and why?

Absolutely, it is something that I would recommend because of the discipline that is required.

 

Alexander - FTMO Trader from Germany

Alexander from Germany

1)  How did you start trading? 

I work in a bank as a Client Service Manager. I have always been interested in the idea of becoming a trader. I tried my hand at trading in the past, trading shares, and lost a small fortune in the process. The experience caused me to leave behind the idea, coming to the conclusion that I was not suited to this. After the last financial crisis, I took a long look at where I was and where I wanted to be. I realised that the dream of becoming a trader had never left me. Therefore I took the usual route of reading as much as I could from various sources and attending numerous seminars. I realised that my personality type lent itself to Forex trading, but I realised that due to the riskiness of the instruments, I needed a strategy that entailed having a strong risk management component in place. For the past couple of years, that has been my focus as I demo traded and was beginning to see consistent positive results. I came across FTMO at the beginning of the year and took the decision to try out the Challenge to see if I really had what it took to become a trader.

2) What is your trading style?

Swing trading on a daily chart basis.

3) What did you do well and what do you need to improve?

The Challenge was, as it's implied "a challenge". However, this was very good for me since it caused me to really focus on strickly following my trading strategy if I were to meet the very demanding criteria. The Challenge and Verification process is extremely good at exposing trading strengths and weaknesses.

4) What do you need to improve?

Spending more time analysing my losing trades, and understanding the reasons behind the losses.

Alexander' Verification

5) Was the Challenge beneficial to you?

Absolutely. It gave me confidence in my trading style but also revealed my weaknesses to be improved.

6) Would you recommend the Challenge to other traders and why?

Most definitely.

 

Michael - this new FTMO Trader from Germany is using Elliot Waves

Michael from Germany

1)  How did you start trading? 

I started 2 1/2 year ago. In the beginning, I invested in Binäroptionen. It was not the perfect way to learn trading but it woke up my interesting in trading. After then I watched many videos and read many kinds of books about trading. The learning process was like a wave. I've had an idea for a new strategy, tried it with real money and won, but after some weeks I lost all. After then I´ve got new ideas, tried it and won again but once more I lost all. Only after 2 years, my money management got more stability and I got some small but constant wins.

2) What is your trading style?

In the mainpicture, I look at the Elliot Wave Theory. In the smaller levels, I follow the direction of the Elliot Wave Analysis. So I am searching for formation in the charts like SKS, DoubleTops, -Bottoms. I like trading chart reversal. Also, I've got a scalping strategy in the M30 / M5 level, there I am following the trend.

3) What did you do well?

In the beginning, I had to learn how can I handle it to get all the Trading Objectives in control. Also I was very impatient, so I got too much risk in the first days although I got 30 days for the Challenge. The idea of the Challenge/Verification is good.

Michael' Verification

5) Was the Challenge beneficial to you?

Every experience in my life is helpful for me also the Challenge too. It shows me my impatience and greed.

6) Would you recommend the Challenge to other traders and why?

Yes, why not. If you like trading and you don't have enough money for trading, it will be your solution.

 

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!