What do our new FTMO Traders say about their success?

Welcome to the next Q&A with our latest FTMO Traders who recently got funded. These traders shared with us some interesting facts about how they passed the evaluation process, what they think was an important factor that helped them get funded and much more!

Trader Michael passed three $100.000 Challenges!

 

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

The most difficult time during the challenge was during the verification part. I was down around 6% and had two options. One was to either give up and say let me try again later or clear my mind and start fresh the following week with a positive mindset. I went with plan B and reminded myself of the hard work it took to even get here. I also kept God as number one throughout the process and he gave me the strength I needed to get back above BE and continue with the challenge. I was out of drawdown within a week after that.

What was the hardest obstacle on your trading journey?

Not over-trading. You sometimes get carried away and don’t realize you are overtrading before it is too late. That was one of my problems and I had to fix the problem fast before it was too late.

What inspires you to pursue trading?

I have always loved how Wall Street and the stock market operated during high school even though I didn’t really understand any of it. I just liked how you got paid based of your performance. It really weeds out the guys who are actually doing something and guys who are just lazy. I am a competitive guy and rather be compensated by how much I can get done for someone or a company versus just being there.

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

If they allow me I will for sure. I am already maxed out at 3 100k accounts right now but hopefully, in the future, I can prove my worth and see if they allow it.

How did Maximum loss limits affect your trading style?

I loved it. It was needed and helped me be more disciplined with my risk management.

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

Continue to study day after day and apply what you’ve studied to the markets and then after you see some success, study more. You can never get tired of being a student to the game. We are in this for the long haul.

Trader Gabriel followed his trading method and got funded by FTMO

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

I think managing your losses and not forcing trades is key to successful trading.

Has your psychology ever affected your trading plan?

Yes it has. I believe if you are not in a good mood or have other personal issues going on it can really affect you. During the Challenge this actually happened to me and I tried to force a few trades that didn’t follow my rules and it ended up bad but you just have to realize your mistakes and learn from them.

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

In my opinion, the first thing to do is set an SL so no matter if you lose you know beforehand what you’re going to lose and that allows your emotions to be a bit calmer. Second, I have enough confidence in myself and my trading plan so even if it goes into the negative or for whatever reason hits my SL I have enough confidence that I will make it back. I also think that only comes from a lot of practice though.

How does passing the Challenge and Verification changed your life?

Well, in my opinion, passing these Challenges is only the first step. Until I can continue my results I can’t say but I believe I have a GREAT opportunity to do something and change my life.

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

Yes. I have a trading method that I try my best to only take trades based off of. The time of the day doesn’t matter that much but once I hit my goal I stop unless I see another great trade opportunity. And I have a loss limit so if I reach it I don’t trade anymore for the day. I’m working on following it more strictly but it is there.

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

My number one thing would be to never give up and learn from your mistakes. If you can do that I see no reason why someone can’t be successful.

 

Trader Joseph credits his success to patience

How would you rate your experience with FTMO?

This entire experience was great and I really look forward to trading for FTMO.

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

The most difficult thing during this process was staying within the daily maximum loss. However, it really taught me about money management and allowed me to step away from the charts when I was on a losing streak

Where have you learnt about FTMO?

I learned about FTMO from a trading group I’m in called Wall Street Academy.

How does passing the Challenge and Verification changed your life?

It gives me hope for a brighter future and is the first step to me quitting my job.

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

By being patient and waiting for confluence before entering a trade.

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

Be patient and don’t try to hurry and get this done. When I realized it was a marathon I quit overleveraging and became more patient.

 

What Trader Jonas learned in 8 years of trading?

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

Probably taking my time, rushing the process. Been trading for 8 years so it was doable. Pulled it together fast. I also wanted to do it in less time than what was required so pushed it a little bit. Knew my odds were fairly good.

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

Just sticking to proper position sizing relative to the stop loss placement. Got a little loose at some point, but just within my tolerance. Got a lot of experience under my belt.

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

Trading since 2012, so my strategy and experience are really solid, basically haven’t had a negative month in over 2 years now.

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

Taking enough time, I was kind of out of sync for a week there. It has to be said though; I made a bet with another trader that I could pass that within 6 trading days..If I were to fail this I would do it again and just take the full 4 weeks.

How did Maximum loss limits affect your trading style?

Not affected at all, it’s nice to have some hard limits and it can only help the long term result.

One piece of advice for people starting the Challenge now.

Take your time, do between 0,5 and 1% risk per trade. Focus on capturing 1-2 good moves each day and trade-specific sessions. If your experienced (5 years +), trust yourself. If you can afford it, go for the full 100k. If you’re a good trader it’s very achievable. I’m going to qualify for 2 more account my self to get the 300k maximum.

 

Trader Martin using a combination of technical and fundamental analysis in his trading

 

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

Yes, I use a combination of technical and fundamental analysis to establish entry points for a trade. Following your plan is one of the toughest parts of being an active trader. However, the more you stick to your plan, the easier it is to achieve success.

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

I believe luck plays a role in everyone’s daily lives, good or bad. In order to eliminate the luck from my trading, I spend much of my time studying technical and fundamental data before entering a trade.

How does your risk management plan look like?

My risk management strategy involves only risking up to 3% per trade and halting trading for the day if my draw-down gets too high, or I notice I’m beginning to waver from my trading plan.

What inspires you to pursue trading?

I enjoy studying numerical data. More specifically, the never-ending pursuit of trying to use historical numerical data to predict future outcomes.

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

Patiently sticking to a trading plan. As well as continuing to educate yourself about different trading strategies and improving upon your current strategy. Market conditions change over time and I believe your trading strategy should as well, hopefully for the better!

One piece of advice for people starting the Challenge now.

Establish your own trading plan, and follow it. Start slow, always keep learning, and find what works best for you.