Hi @RingerFX - Thanks for interesting story concerning your progress with FTMO.
Its not something I would take up personally. At least, I can say that now, but going back about 3 years I had hit such a slump in my forex trading that maybe my answer would have been different.
However, without wishing to criticise prop firms in any way, i’m going to say your greatest achievement is not the monthly return in $, but finding and sticking to a disciplined approach so that you are consistently profitable. There is no shortage of simple strategies that can make money in forex but the discipline required to stick with them is the holy grail.
:It’s really so easy to let the greed get to you once you’ve started winning. Even though you had some losses, you still decided to trade using a larger account. How did you know you were ready?
Hi, I’m sort of in the same boat except I was introduced into forex in 2014 but never took it as serious as I should of. Just at the beginning of the year I am studying candle stick patterns. Definitely have a hard time doing this because I am the kind of learner who likes a study partner. To this day I am still dedicated because trading forex is an amazing career to have, especially if you doing it right and consistently learning and excelling every day. I hope I can find the kind of help I need here because I definitely need it.
@ria_rose My biggest issue was the amount of money I was making. I would make a small profit and want more, disregarding risk management and inevitably losing. I decided to trade a £10k demo account for a while but stick strictly to my rules whilst maintaining a trade journal. The results from this over 6 weeks were very positive. However, I didn’t want to put up £10k of my own capital and therefore did some research on prop firms. I did start with TopstepFX but quickly found out the £300k trade account was actually £3,000 with 100:1 leverage. After a recommendation from another trader to try FTMO, I gave it a go and am happy with them so far.
I wouldn’t personally recommend a prop firm to someone else myself if you can afford to put up your own capital. As it turns out, I was looking to move out with my partner and needed the money for a deposit!
@Mrfive_6 It’s good to hear that you are dedicated to learning and absolutely if you need some help then send me a message
hi, firstly friday is a hard day because you might get trapped in a trade and have to leave it over the weekend and first thing monday the markets can jump in any direction so you could get stopped out . i am not saying dont trade friday you can as in the morning there can be some good trades , for me IF i do trade friday i am definitely out by lunch time-ish
i dont normally trade at night but take a look at aud/usd , its either going to drop through the support and carry on down or bounce back up , i think the bias is down so i have taken a trade with a tightish stop because like i said i think its dropping dropping down , if i am wrong my trade is small and stop is in place .
I am a newbie and would really use your valuable assistance. I am currently working in the real Estate industry and no more enjoying it. I would like to make trading a life long and full time career. I have been too nervous to start anything other than reading up generally about forex but I believe I have wasted many years and there is no other time to start than the present. Any tip on where I can open a demo account for the purpose of learning? I am so nervous and would really appreciate some guidance.
hi , firstly did you notice my aud/usd it went nice , i also took a trade on aud/nzd and that was a win . no more trades for this week now , its too late in the day for me … you can open a demo account from any company , i use a demo account along side my trading account , i tent to place some trades in demo and as soon as they move to profit i place the trade into my real account … my demo account is with ICmarkets and download meta 4 its a good platform that lets you trade mini lots .
Hi, I know this is an old post, nice of you to start it for new traders.
I am about to start an ftmo challenge and heard somewhere that their lot sizes are different, particularly with indices? have you found this an issue?
Thanks!
Thanks for that, started Monday and have it semi worked out FX pairs are normal lots but gold and indices are weird.
Starting to think I should’ve waited till after the election, markets have lost the plot haha
They are a good firm. I have been with them for almost a year now. I don’t recall having any issues with them ever since. Their trading objectives are so clear such that if ever you breach them, it will be your own ignorance.
I didn’t trade indices and gold when I did it but I know a lot of brokers only allow 1 lot minimum on indices which makes it hard/impossible to have good risk management on smaller challenges!!
Glad you’ve got started with the challenge and hope it all goes well
Hi! Im based in the UK too and I’m on my way to reaching funded status with FTMO. Do you set up a limited company and send FTMO invoices from your company?
Even though you had some losses, you still decided to trade using a larger account. 
How did you know you were ready? 