An American Passes FTMO Challenge and Verification in 3 Days

“25”

“I took some college, but I dropped out. When I was researching about forex trading and stumbled upon some information about prop firms, I started learning how to pass FTOM Challenge and Verification because I needed to get funded “.

“I worked at a sales job full-time for about 4 years total before that”.

“I don’t do anything other than trading right now”.

“Sort of I guess? It’s just my home computer in my bedroom”.

“I never used another broker or money of my own before with forex, when I learned about the opportunity in forex trading and became an FTMO prop trader, I went directly to trying to get funded”.

“I’ve hit profit targets for 2 real challenges, I paid between $500-600 for each. They were both $100,000 challenges.

Tip: Have you been looking for a reliable forex broker? Shift to XM Global and earn with us... JOIN NOW>>

Here’s my certificate for the first FTMO account, I’m just waiting for the rest of the minimum trading days on the 2nd one”.

“Mainly YouTube videos, online articles, and my own study/observation. I never paid for any kind of program”.

“Yes, because there are many good free resources out there”.

It’s much harder to find the right answers looking through free stuff on your own, but its definitely possible. I’m a proof of that.

“I chose FTMO because they don’t have any kind of restriction on what instruments you can trade, and FTMO’s account scaling process is ridiculously good”.

“So I never have to risk my own money, and because you pay less taxes in America on getting paid by a prop firm than making profit on your own capital”.

“I do not want to share the invoices as they contain personal information”.

“No, I have not been listed on FTMO Leaderboard”.

“I started out trying to make $1,000 per day, but my current goal is only $500 per day. Most weeks I make more than my goal though, but I haven’t had a red week yet”.

“My preferred source of capital is through prop firms, but I can also say the amount of trading capital someone has, has zero relevance to whether or not they can be profitable.

A good strategy and risk management can be scaled down to an account of only $1, or up to an account of $1 million”.

“Technical, my strategy is based solely on price action and volume”.

“I guess the closest thing to what I do would be scalping. Sometimes I’m only in positions for a minute, but the maximum is usually only like 30 minutes or so”.

“I only ever risk 1-2% per trade. So on a $100,000 account, I currently trade 10 lots at a time. However, sometimes I do scale into larger positions while in a trade”.

“I only use stop losses and I trail them into profit as soon as possible”.

“Because I don’t use take profits and only trailing stops, I don’t have a set risk to reward ratio. I use a trailing stop so I can let my winners run as long as possible.

My biggest winning trade of my career so far was just over 1:11, but I typically average around 1:2.5 or so”.

“I set my stop loss beyond my entry point to where I’m usually making 1% or $1,000 as soon as possible so I still hit my daily goal even if I get stopped out. Then if the trade goes to 1:2, I’ll move my stop loss even further so if I get stopped out, I’m making $2,000. Then it’s just about waiting to see how far it’s going to run before reversing, but either way, I’m guaranteed to make money.

My favorite quote to avoid greed and FOMO is – Pigs get fat, hogs get slaughtered”.

“For this second challenge, it took me less than 10 total trades to pass both steps”.

“The only thing with FTMO that ever challenged me was the minimum time frames. Knowing you only have 30 days to make 10% can make you feel a ton of pressure, and I like to push myself so I wanted to do it in the first 10 days which at first gave me a lot of stress and made it difficult to stay disciplined and not over trade”.

“I’m very satisfied and will most likely stick with FTMO for the entirety of my trading career”.

“I guarantee you, FTMO makes a lot of money off application fees from traders failing their challenges, and while thats very unfortunate, it’s not FTMO’s fault that most retail investors lose money at trading and aren’t good enough at being profitable to earn a funded account.

But for traders that do get funded, FTMO is the complete opposite of a scam, they take all the risk for us for a mere 10-20% of our trading profits. In no way does that sound like a scam to me and is a great deal to me”.

“I’m already in the process of making a course on Udemy”.

“Teaching beginner traders is not my main priority right now”.

“I don’t, and I don’t plan on ever having anything like that”.

“Any real profitable trader can make enough money through trading alone to not need to make income from selling education or signals.

Plus, allowing people to simply copy your trades is doing them a disservice because they will never learn to be profitable on their own that way”.

“Backtest your strategy and practice with paper trading on the same size account you plan to apply before you ever pay an application fee and try a challenge.

Also, the mindset that you aren’t profitable just because you don’t have enough capital is completely untrue and won’t do anything but set you up to lose a larger amount of money with a bigger account”.