I think the only way to be certain to deliver profit the next month is running a martingale and cross the fingers, so I am not interested.
Once you win the account you can trade a real strategy with realistic expectations.
AFAIK the only trader profiting every year is Jim Simons and I don’t think he is profiting every month or every quarter.
Profit from trading is uncorrelated to stocks but not smoother than stocks.
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You dont have to guarantee profit every single month if youre funded, you just need to make sure you dont break the rules. Even a few percent profit per month on a large 6 figure account can provide a descent living.
I was speaking about the challange.
To pass you have to produce a profitable month so the “underlying idea” is that good traders should be able to profit every month.
A seriuos selection would not be based on unrealistic profit targets.
Im sure FTMO advertise for “The Best” traders, which you could argue would justify the profit target.
Plus remember its called a “challenge” so its not supposed to represent an average month of trading.
So if you combine “the best traders” and “challenge” Im assuming most will agree that 10% in 30 days would be an acceptable feat, for those specific groups mentioned.
FTMO or any other firm is not going to make you rich. You gotta plan your own survival in the world of trading. Practice, plan, and be patient.
I reckon FTMO could make you rich and combined with other prop accounts, then most definetely, as long as your consistent enough.
Yeah, I think the same way. Funded accounts have no advantages for me, I guess that’s because I have no belief in such kind of trading activity. You know, that funded accounts mean that you have to manage an account with money and you’re obliged to make profits. Of course it’s required to have high skills and deep knowledge in trading as well as solid experience in it. However, I don’t actually think funded accounts worth it because if you’ll fail then you will have no opportunity to restore this account hence you will sink in debts. I believe this activity is for someone who consider risk as his/her the second I.
i am so confused that almost nobody recognizes the scam nature of these “pay to play a demo” companies.
it is almost like if i went to a nightclub and a really hot girl told me that if i give her a $500 fee that she will allow me to prove that i am a good boyfriend… of course there are a few rules that i can not break if i want to get to the boyfriend stage of the game, ffs.
rules:
dont look at my shoes while we are dancing
dont blink while i am in the restroom
no sitting down for the first 45 minutes of any hour.
never turn your head to the left
dont blink, ever.
dont break the magic rule, which hasnt been fully defined as yet.
good luck with your boyfriend challenge.
and even if you should make it thru the verification phase and become her boyfriend, she has ridiculous rules that you must follow while you are her boyfriend.
do not ever come to my apartment.
my mother hates you, so dont ever look at her.
etc, etc, etc…
i want to promise you that there are not any real live traders thru these companies.
ALL of the testimony videos are purely FAKED.
when you look at these testimonial videos, all of these people look so happy it is like they just gave birth to a unicorn.
come on man… trading aint like that.
https://www.youtube.com/results?search_query=ftmo
the one rule that these companies make that is purely ridiculous is that you must close all trades during major news events. umm… when is that? isnt that like every two minutes?
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Prop funds give you capital to trade if you pass their ‘tests’
yes, that is the traditional definition of what a prop fund is, but these new breed of prop funds are scams and hoaxes…
the testimonials that you see about these companies are absolutely faked… come on , man…
these new breed of prop companies are trickster fraud companies that only collect fees…
ALL TESTIMONIALS ARE FAKED.
THESE PEOPLE IN THESE TESTIMONIALS LOOK SO HAPPY THAT THEY LOOK LIKE THEY JUST FOUND A UNICORN OR A LEPRECHAUN…
https://www.youtube.com/results?search_query=FTMO
it is extremely highly unlikely that anyone will ever finish their booby trapped verification stages…
if you should manage to finisht their verification stage, they will let you play a live account that is really a demo account and then they will apply additional impossible restrictions on your trading.
THE ONLY PERSON THAT WINS AT FTMO IS FTMO.