October FTMO Traders

Last few months have been quite busy - we are welcoming so many new FTMO Traders! Check out our latest compilation of their success stories. As always, our thanks go to all of these FTMO Traders.

Christoph from Germany

How did you start trading? 

Hello. I started trading in 2007, right before the world financial crisis in 2008. I had found some presumed advisors which helped me to earn some money without any knowledge about the market. In the first weeks, their advises were good, but it changed after a while. I lost all my savings and was confronted to a very dark time in the financial industry. I absolutely wanted to learn how to trade the market. I had no idea how difficult it is to earn permanently. It took years to learn and to survive all the traps the market tries to get you in every day. To survive this shark pool you need more than reading books about it. You need experience, experience, experience. It´s not for everyone, but I found my passion in there. My mission statement: "Quitters never win, winners never quit."

What is your trading style?

I tried so many different styles. So many indicators. After years, only a few tools are left. Fundamentals bring the direction, technical analysis the entry. No more indicators. Keep it simple.

What did you do well?

The challenge is not easy, because you have to reach a tough goal in a tough duration. There is some pressure and I needed to deviate from my normal strategy. That wasn´t easy, so I needed some attempts to solve it. My key moment was to wait patiently for a forthcoming big move in the Dow Jones. Find a perfect entry to go in with a bigger lot size, set sl on entry after a few minutes and wait. Waiting in a positive running trade which is very good in profit already, is not easy. But the challenge told me to keep cool, sometimes you get paid good for it. This trade was nice and the cruitial factor, but was also escorted from a lot of successful scalping trades. Once you have solved the challenge, the Verification is a lot more easier.

What should you improve?

Maybe to let run profitable trades longer. To take off the eyes from the screen while trades running, would bring much more profit sometimes. But I am mostly an intraday trader/scalper, so that´s not easy. I am still improving this.

Was the Challenge beneficial to you?

I learned a lot, yes. Meeting the trading objectives requires even more discipline, which you can never have enough in trading.

Would you recommend the Challenge to other traders and why?

Yes, but I would recommend to do the trial before, to learn handle the trading objectives.

Tet - Full Time Trader from Thailand

Tet from Thailand 🙂

About Tet:

Full time trader since 2013. My mentor recommended FTMO to me. I am trading TL BO on m30 & h1 charts by analyzing H4 & H1 heikin ashi PA during London session. Challenge was so easy but Verification wasn't, because, after Trump´s tweets, several my trades did not work (all trades hit SL on that day & almost hit max DD limit). Sometimes I tend to over trade, but I am getting better.  I understand, that I need to control that.

 

 

Daniel - Emerging star from the US

What can you tell us about your trading style?

I started trading 3 years ago. I use various confluences to determine good buy or sell regions, the more confluences the better. I think the challenge really shows you the guidelines to be a disciplined trader. Even if you don’t pass, you can still learn a lot from the whole process.

What should you improve?

Having the patience to wait for only 75% probability set ups

Daniel's Verification

Was the Challenge beneficial to you?

Yes the Challenge helped me stay disciplined, it feels like real money so it’s a good experience for those that want to experience trading with more capital

Would you recommend the Challenge to other traders and why?

100% would recommend this challenge to any trader looking to become a professional.

 

Nikeisha from Trinidad and Tobago

Nikeisha from Trinidad and Tobago

How did you start trading? 

A friend of mine was trading and I decided to learn more about it. Couldn't stop thinking about it after that. I researched, studied, tried, failed (many times) and persevered through it all.

What is your trading style?

Focus on Price Action with highs and lows for the week during the course of the month against the previous month's high and low. I trade intra-day but ultimately try to catch swings.

What did you do well?

My Challenge and Verification this time around I believe was much better than the previous ones. It's one thing to have discipline. But playing by the rules of another really helps to enforce it.

What should you improve?

I do think I tend to close out positions a bit soon but like my other transgressions, I will overcome it.

Was the Challenge beneficial to you?

Yes! Definitely! There's a big difference psychologically when 1% is $100 with 10k and then 1% is $1000 with 100k. I had to learn to see it for what it was 1% and that's it. This is my 4th FTMO Challenge.

Would you recommend the Challenge to other traders and why?

I constantly do. As long as FTMO is around I will not stop recommending this Challenge to others. It's one thing to demo. But to actively work towards a goal like what is offered here is a different matter entirely. It definitely can assist to get you to become a full-time trader.

Christoph -  Swing Trader from Austria

Chris, enjoying his meal

How did you start trading? 

I am a 26 years old forex trader, trading about 3 years. I was fascinated about stocks when I was younger and after I heard about forex I started to buy my first courses and strategies to learn how to trade.

What is your trading style?

I am a swing trader, holding positions a few days. With my strategy, I try to catch breakouts and reversals on tops/bottoms. I am mainly using Trendlines and Fibo.

What did you do well?

It is a great way to stick to your strategy and even improve it. For me the verification was even harder because I thought it will be easy after the Challenge. My advice is to wait for perfect setups and don't make stupid trades! The Challenge/Verification is not easy - but everybody can do it.

What should you improve?

Patience and Overtrading/forcing trades.

Christoph's bumpy road

Was the Challenge beneficial to you?

yes! My Risk management got definitely better.

Would you recommend the Challenge to other traders and why?

Yes, I think it is a great opportunity to get capital and it helps to improve your trading.

 

Dylan -  the US Trader who found his freedom

Dylan from Dallas

What can you tell us about your trading style?

I found trading about 2 years ago. I was tired of my other business and wanted more freedom, I found a mentor and began to study. I trade the weekly and daily time frame, I'm using Fibonacci tool, trendiness, structure and finding key areas for reversals to enter. I enjoyed the process, I just started a new one!

What should you improve?

Risk management and over-trading.

Was the Challenge beneficial to you?

Yes, it kept me structured and disciplined.

Would you recommend the Challenge to other traders and why?

I already have and many of my friends have joined.

 

Christian -  Intraday German Trader

How did you start trading? 

When I started in 2015, I underestimated almost everything in this business. I only had a very small amount of money to fund my first trading account, which in retrospect was a fortune. Due to wrong expectations, poor risk management and the lack of knowledge, I ripped this account very quickly. After that, I stayed away from trading with real money for a relatively long period of time. However, I acquired knowledge from various educational programs and spent a lot of time in backtesting mode to come back with more confidence, higher developed skills and a much better mindset.

What is your trading style?

I’m a technical trader and I’m trading intraday. Most of my activities take place in the early hours of the European session. My system performs best around the London opening, when a lot of volatility kicks in and the market tries to find its direction for the day. I basically try to catch some of these moves. Usually, my afternoons are much calmer.

What did you do well?

Although I had to deal with some challenges, the equity curve went up in a smooth way. So I’m pretty satisfied. Risk reward ratio and win rate are both very similar to what I expected them to be. Therefore, I am confident in view of my trading with the funded account.

What should you improve?

In my opinion, trading has a lot to do with psychology. My weakest point is trade management. My statistics show that I get the best results when I set my TP/SL and then let the trade do its thing. But I still try to intervene when I for example see a reversal setup or scary candles on the screen. Sometimes I can avoid a loser that way but in the long term it costs me a lot of money, so I have to find a way to stop this.

Was the Challenge beneficial to you?

Absolutely. When I heard about FTMO and trading objectives for a funded account, I realized that it would be hard for me to reach the profit target of the challenge phase without violating the risk management rules. All based on my results in an average trading month. However, I searched for ways to improve my strategy and after some wrong tracks, I found out a lot of interesting things about my strategy which made it much better than it was before I started with FTMO.

Would you recommend the Challenge to other traders and why?

Definitely. In my opinion, such a Challenge helps every trader to take things seriously. And there is an outstanding reward for a very little money risk with the FTMO evaluation process fee. I my case I had to risk 500 USD for receiving a 100.000 USD funded account. I treated this investment as a trade with a risk reward of 200.

 

Radu  - Doctor from Romania

Radu from Romania

How did you start trading? 

I am a licensed Doctor of Dental Surgery (DDS), so trading for me came out of nowhere honestly. I never imagined I would ever even consider trading to be fair. It all started 3 years ago, with a Facebook add of a binary options broker. I started with that, as if it was a game, and after a couple of clicks on my phone, I noticed I made a huge amount of virtual money. So I funded a live account with them and did the same thing, and the result was the same. I really started trading only 1 year after, in 2017, when ESMA banned binary options for the EU citizens. The gains were not even close to what I was getting before, so I decided to start learning to trade properly. After watching a lot of internet experts and "forex gurus", I decided to go rogue and do anything but what they teach. In the process of learning to trade, I also learned to code MT4 indicators and experts in order to give myself an edge vs the others.

What is your trading style?

I developed a system out of 14 indicators that are mostly from the oscillator type, so I am looking for trend exhaustion rather than a new trend in the market. It's basically a reversal trading system, trying to get the very peaks / bottoms of a trend. It is still a work in progress, and I'm still improving it every day.

What did you do well?

It was a lesson that I needed to learn. A professional approach in trading when it comes to risk management. I am still trying to get better at this, but it's a lesson only time will give to every trader.

What should you improve?

I absolutely need to get my risk management straight. I can recover easily from a bad situation, but I am not skilled enough yet not to get into that bad situation in the first place.

 

Was the Challenge beneficial to you?

Absolutely, and I am very grateful for this opportunity. It taught me to keep my risk in control, and it gave me a huge confidence boost once I finished my evaluation. I am now more focused on trading than I was before, and I will be trying to outperform me on a month to month basis.

Would you recommend the Challenge to other traders and why?

Absolutely! It is the best test a trader can take. Even if you will fail 20 times in a row, by the time you finished the evaluation, it will all be worth it. Nobody can part you from your knowledge, and trading is a skill set that can provide for you for the rest of your life.

 

Emanuele - self-taught Trader from Italy

About Emanuele:

Emanuele learned how to trade and developed his strategy after watching YouTube videos. He uses mostly top-down analysis. Although he still needs to improve his psychology, the Challenge helped him grow.

 

Nikita - Swing Trader from Germany

Nikita

How did you start trading? 

My trading actually started with my first book about candlesticks when I was 19. Then I had my first 1000€ account and blew it off in a few months. After that, I just kept coming back and did the trial and error approach. Never give up and keep learning and improving.

What is your trading style?

I do swing trades on the daily or 4h chart, the signals are coming from supply and demand zones. And I also do scalping on the 5 min chart through price action. Always try to see the market, how the big institutions would trade the market. It means, where they take profits or coming back to a price level to load off more orders.

What did you do well?

Staying in the parameters to pass the challenge and verification phase, makes you more responsible to keep your risk management in the right place. Best way to improve your trading.

What should you improve?

The psychology part, it means not over trading. Because sometimes I stop see the market for what it is and begin to see the market how I want to see it. And then you start seeing signals, where are no signals.

Was the Challenge beneficial to you?

A big yes!

Would you recommend the Challenge to other traders and why?

Every time. Because you have here the opportunity to test your skills and learn something about how you trade in a real environment. So go for it!

Stefan from the Netherlands

Stefan, NL

How did you start trading? 

I started trading becauses my best friend kept talking about forex for weeks and that made me check it out.

What is your trading style?

My trading strategy (2 actually) are both price action strategies. I only trade on support/ resistance zones and use engulfing and 'pinbar' candles.

What did you do well?

I think I did well and this showed me that, when you stick to your own rules (If they work) you can trade profitably.

What should you improve?

Recognizing emotions when they appear.

Through rough start, Stefan managed to pass his Verification

Was the Challenge beneficial to you?

Definitely.

Would you recommend the Challenge to other traders and why?

Yes, I recommended it to two of my friends already. Even when they don't make it the first, second or third time, they can still learn a lot from participating.

 

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!