New FTMO Traders share their stories

New traders, new success stories, new achievements! Only those who are determined, motivated and trade with a positive attitude reach the ultimate goal of being funded with serious capital. We’ve asked our freshly funded FTMO Traders for their feedback. Read what they have to say about their journies and trading approach.

Trader Mandip passed the aggressive FTMO Challenge

How does passing the Challenge and Verification changed your life?

Passing the evaluation process allows me to utilise a skill I have dedicated time, effort and patience Having done so and now being funded will mean that the hard work put into learning how to trade effectively and safely can now be recognized and allow me to apply this to a capital amount which will make a meaningful impact on my life and those around me.

How did Maximum loss limits affect your trading style?

I personally chose the aggressive trading account option, not that my trading style is aggressive but just so I would have extra margins and room to ensure success. Even though I had a maximum daily loss limit of 10% I set my personal daily loss limit to half that, If I achieved 5% daily loss I would stop trading for the day. Setting rules like this and sticking to them ensured I would not be trading near the limits of the Challenge and further increasing the chance of success!

How does your risk management plan look like?

My risk management plan consists of allocating around 1% of capital as a risk for a trade. I would never use the monetary value when doing so, only SL pips and risk per cent influenced my lot size. What this does is remove the monetary value from trading and allows me to only focus on % and pips gained. As we are dealing with large numbers it can affect trading psychology if you focus too much on the dollar amount. This also means that the risk management strategy is scalable to any account size.

Has your psychology ever affected your trading plan?

Everyone is susceptible to the effects of trading psychology. I think the key is, as well as honing the ability to not let psychology affect trades, is to simply be able to recognize them. If at any point you realise trades are being affected by psychology, stop. My hard rule is to stop trading for the day no matter what is going on in the market, if i feel my psychology is affecting my trade decisions. The market will be ready for you the next day, it’s not going anywhere.

How would you rate your experience with FTMO?

FTMO has been great, I have received prompt emails about my progress at relevant steps and even support is very responsive. A well-oiled machine that allows you to focus on the task at hand.

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

Everyone has different strategies, But my general advice is to remember its okay to stop trading for a day to clear your head. It’s okay to take your time, there is no rush. Knowing when to take a trade is a skill but so is knowing when not too. Risk management and prosper, as my friend says.

Trader Nura puts emphasis on focusing on a longer-term results

What was easier than expected during the Challenge or Verification?

The max loss limit was easier to maintain when I figured out how it works.

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

Yes. I will definitely take more Challenges.

Where have you learnt about FTMO?

Through social media and also confirm your authenticity from a friend.

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

Money management is the most important attribute to becoming a profitable trader. You can have an edge and patient but if you don’t observe money management the market will still take your money.

How did Maximum loss limits affect your trading style?

It makes me become more conscious of my money management.

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

The advice I will give to new traders is, when you identify your edge in the market just be consistent in your trading, don’t focus in the short term result, allow the law of large number to workout.

 

Trader Firman passed the FTMO Challenge thanks to careful trading plan a money management

What was easier than expected during the Challenge or Verification?

Managing the daily losses and overall losses were easier than expected with the right money management strategies.

How does your risk management plan look like?

Generally to only limit the exposure to 1% maximum.

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

To carefully plan the trade for the week and follow that plan to see it thru.

What was the hardest obstacle on your trading journey?

Ensuring that the equity remained within my risk management plan.

How does passing the Challenge and Verification changed your life?

I am elated as this is definitely a great help. My family and I are grateful for the opportunity.

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

There is no point in rushing the Challenge. It is not a race.

 

Trader Johyandi shares his experience

 

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

Have the plan, Patience, Discipline, and Trust. You have to have the patience to wait for your best setup and have the discipline for doing so. And last is trust your analysis and the process.

What was the hardest obstacle on your trading journey?

Psychological aspect. In trading we expect or we might read about we have to accept loses. But in reality, it is not easy to do that especially when you have some losing streaks or some other psychological problems.

Describe your best trade.

The best trade is simply the trade that follows my trading plan. If I see a setup that in line with my trading plan, that is the best trade for me.

How does your risk management plan look like?

Never risk the amount that you are not comfortable and always accept the fact that you might have a losing day or losing week or maybe losing month. So have to be very strict with risk management.

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

First of all, of course, the psychological of managing the account larger than what I usually did and the second is the urge to finish it faster which ruins my psychological a little bit. But all good after I calm down for 1 or 2 days and don’t rush the trade anymore.

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

Manage your risk, have a good trading plan, then follow it with patience, discipline, and trust. And FTMO has been so nice to give the trial first. So use that and gain confidence. After all, FTMO is a very generous company with very reasonable trading rules. Hope you all guys make it to the FTMO team.

 

How Trader James rates his FTMO Experience? 

What was the hardest obstacle on your trading journey?

The hardest obstacle for me was controlling risk. When I first started, I figured I would simply win most of my trades and not have to worry about controlling risk. Understandably, holding this belief was a mistake; this is precisely why controlling my risk created a huge hurdle.

How does your risk management plan look like?

I try to risk just 1/2-1% of my account when I place a trade. I typically do not have an extreme reward-to-risk ratio but do ensure that I am, as mentioned, consistently risking a small portion of my capital.

I would say it has been 5/5 stars. You all are very helpful and respond very quickly. I appreciate the professionalism!

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

I believe the challenging part was monitoring the trades I had opened, as I knew they would greatly impact the chances of me passing. Other than having to carefully watch my moves, nothing was too difficult.

What inspires you to pursue trading?

I am inspired by the people around me and the idea that I do not need to go to work every day. I so badly wish to trade from home for a living and feel as if doing so is a real possibility–this is the biggest thing that inspires me to trade.

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

I would like to tell them that they have to believe and be confident. You can do anything if you put your mind to it; hard work and dedication are the driving forces of success.