Who are these new FTMO Traders that are joining us for October?

The last day of the month is here, and we would like to welcome new FTMO Traders that are going to be joining our lines in October. Take a few minutes to see what they had to say about their FTMO experience.

Trader Thomas shares his journey

How did Maximum loss limits affect your trading style?

Risk management is incredibly important. Due to the loss limits put forth, I was able to stay disciplined and never over trade. I only traded the setups that I felt were most important and if they happened to go against me, I would step away and clear my mind until the next trading day, this allowed me to start fresh with new limitations.

What was easier than expected during the Challenge or Verification?

The verification was by far easier and that was because you are given much more time to make half the profit of the challenge. This gave you more room to rank and determine the trades in which you want to take.

Where have you learned about FTMO?

I found FTMO around two years ago while searching for ways to trade with larger funds. It was always my goal since then to become a funded trader once I felt ready.

Describe your best trade.

My best trade is not my most profitable trade but my most satisfying trade. When catching a set up on a daily time frame, I took a buy on USDCHF. This trade was given a larger stop loss and a smaller lot size because of the wide stop. For over a week, price bounced up and down, in and out of drawdown ending the week in continuous consolidation. The next week when the markets opened, the price finally took off to where I expected, and I was able to take profits. This was very satisfying.

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

Where to take a profit and where to leave a trade-in for further potential profit. Due to having a time limit, you cannot risk having trades stop at breakeven as you need the profit target to be reached within the challenge and verification.

One piece of advice for people starting the Challenge now.

Do not start unless you are confident in yourself, your trading analysis, your plan and your risk management skills. Trading with large amounts of money is completely different from trading with a small personal account. Try a demo with larger amounts of money first. Follow the rules set forth by FTMO and see if you are able to “pass” your own challenge.

Trader Henry from the US

How does your risk management plan look like?

Risk management is very important, and I range it from 0.05%-1% per trade.

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

Yes, all confluences must be met in order to find the great deals available in the market.

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

The most difficult part for me was the daily equity limits. Trading needs to be very calculated and only the great deals must be executed.

What inspires you to pursue trading?

The freedom and the options available with the time are what keep me pursuing trading full time.

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

The most difficult objective was keeping the risk to a minimum so a lot of break evens on trades occurred. I overcame this by setting the trade and letting it play out.

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

I advise that you have confidence in your trades and allow them to unfold without looking at the results.

Trader Christina give tips for new traders

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

Yes. I have a trading plan, and I strictly follow it.

Where have you learned about FTMO?

BSAPPS FX where you can master the art of technical analysis

Describe your best trade.

My best trade was probably in EURGBP. Once I figured the overall direction, I used the fib tool to continue scaling in.

How does your risk management plan look like?

I risk about 1% each trade, and each trade I take should be at least a 3 to 1 trade.

What was the hardest obstacle on your trading journey?

Finding a strategy and being okay when losing a trade.

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

To keep persevering! Trading was very hard for me in the beginning. I didn't have a clear path. Started trading options then found forex. Paid a good amount trying to learn and find a right strategy. The process was frustrating, but I stuck through to what I believed could provide me financial freedom.

Trader Ronnie joining FTMO from Kenya

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

The most difficult thing but about the challenge for me was risk management, especially at the beginning. I came really close to violating the objectives whilst still an eventual profit. I learned emotions have a much lower chance of affecting my trading when I don't over leverage.

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

Applying good risk management, as I've come to realize there will be wins and losses. To protect your account from being blown by a losing streak. Also, having a good risk to reward ratio. The higher it is, the more you're cushioned against losing streaks putting a huge dent in your account.

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

Mastering one strategy that works for you and sticking to it. Create a trading plan and stick to it no matter how tempting the market may look. And don't over leverage. Slow but steady growth is key…" what goes up fast doesn't last."

Where have you learned about FTMO?

On YouTube channel.

How did Maximum loss limits affect your trading style?

It made me trade less for one and apply better risk management. From risking about 10 percent per trade to 2% a trade.

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

Have a strategy that works for you. Once you're confident in its a success, attempt the free trial FTMO provides, it'll give you an accurate picture of what to expect and you'll know where to fine-tune your strategy to meet the objectives.

Trader Juosed passed his Challenge goal by 20%!

How does your risk management plan look like?

I look at the charts and map out all FX pairs, when my setups show up, I set pending at my price of interest or I pull the trigger if happens in front of me. I usually risk 1-2% each trade, if I lose two trades in a row, I call it a day and come back the next day.

Where have you learned about FTMO?

My mentor is an FTMO trader, so I heard from him.

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

The best way to manage my emotions is to know with precision where my exit is. My setups have a maximum 25 stop loss for security if something unexpected happens and to allow the trade to develop. As I know where my exit is before I enter the trade that's key for me because I wait for the best price which give me the advantage and confidence of my setup, so that way my emotions are under control.

 How does passing the Challenge and Verification changed your life?

I'm from Venezuela a country where living right now is pretty challenging and I have almost all my family over there, so getting funding will allow me to get more buying power, meaning higher income to take care of my family and also speeding my personal financial goals.

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

The most difficult was to adjust my trading plan with the optimal lot sizes to hit the profit target on time, because if market conditions are not good for my setups a certain week that could add some pressure on me.

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

It takes time to master your skill, don't rush, understanding is a process and vary for each individual, find a good mentor with a proven strategy, then reproduce that strategy by yourself over and over and the wisdom will come if you are patient, discipline and persistent enough.