What’s the reasonable amount I can get should wanna grab from an ftmo account of 10k and of 200k(someone with experience please). And please after baby pips I feel like I need more knowledge what do I do next I’ve been demo and live practicing for almost 10months been doing good and I journal proper so I wanna know should I just be content with baby pips and keep on refining my self or I should grab wider knowledge… Please feel free to answer one if you can’t answer the 2. Thank you!!!
You look at it in terms of “profit potential” rather than in terms of risk management? Ok … but from all I researched and learned, myself, FTMO is one I would definitely avoid.
These links on the subject will maybe help you.
All discussed here, again with many helpful links inside the thread.
I hope it all helps. Good luck!
8 Likes
The proportion of retail CFD traders who ever get as far as making an average 5% per month steadily is very tiny.
According to the director of the UK’s FCA regulatory agency (who have access to all the account figures) it’s well under 1% of people.
If you’re really successful enough to be among that 1% of people, and if you get funded through FTMO and withdraw profits regularly (even though it‘s widely reported that only 1 person in 500 gets as far as a single payout, there), that would therefore mean that a $10k account might bring you an average of $500 per month, and a $200k account might bring you an average of $10k per month. Less FTMO’s cut, because you don’t get 100% of the profit?
Those are just averages, of course. There would still be some losing months, included among the figures making up those averages, as there are for everyone.
That’s sometimes a problem in forums.
You’re asking a very specific question about a specific company, FTMO, and if you limit the answers to people with experience of them, that means you won’t hear from any of the experienced, successful traders who looked at FTMO and discovered bad things and rejected it (because obviously they don’t have experience of dealing with FTMO).
Do you think you might possibly end up seeing only one side of the story, that way?
I think all the links in Diva’s kind post, above, could be very helpful to you, if you read them carefully enough.
Anyway, I’ll stop there, because I have no experience of dealing with FTMO, myself (and I wouldn’t want to) so you don’t want to hear from me.
I do still wish you good luck, though, whichever way you decide to go. 
4 Likes
And that’s the big problem. Because with companies like FTMO, what they call a “$10,000” account is actually a $1,000 account, because if you have a drawdown of $1,000, you lose the account.
And what they call a $200,000 account" is actually a $20,000 account, in exactly the same way.
And that’s among the reasons why it’s so very much harder to do than people expect. The pass rate is really low. And among those who do pass, the payout rate is also really low.
I don’t think, from what I’ve seen or heard, that FTMO are crooks or liars or scammers at all. I think they probably stick to exactly what they say. But getting as far as regularly withdrawing income from an FTMO account is just VERY much harder than people expect.
I do think they’re honest. And they’re very careful not to claim that they’re “funding” anyone (which of course they’re not).
But do I have personal experience with them? No, I don’t (though I know people who do). So you probably don’t really want to hear from me, either.
Good luck! 
1 Like
For wider knowledge, beyond the Babypips pipsology school, the excellent recommendations mentioned here would be a great start
3 Likes
There’s never a downside to getting more knowledge, is there? It’s hard to do, though, with forex trading: how do you recognize knowledge?
I know just about enough to understand that the overall success rates are low, that at least 90% of what’s online is a mixture of marketing information and plain misinformation, and that many of the most commonly held beliefs are therefore the most mistaken ones.
But I don’t yet know enough to identify with any confidence the small percentage that really is knowledge. 
Hoping this forum may help with that!
1 Like
Your strategy tells you what your profits will be, not the size of your account.
5 Likes
No thats the one I was firstly introduced to but please feel free to share your own I mean we learn everyday
1 Like
I understand. It’s a very well known one, and there are undoubtedly many worse ones available. I don’t suggest that company’s dishonest at all, but I believe it’s probably a difficult one to try. As well as very expensive.
I don’t have a specific recommendation for you, but as I mentioned above, I think all the links in Diva’s kind post, above, could really be very helpful to you, if you read those posts and threads carefully enough. 
1 Like
Silly delusional people like to pretend they are hotshot traders trading on a “big account”.
I like you.
1 Like
Also sometimes true, I know, but I think the main reasons the CFD funding companies pretend that the accounts are far bigger than they really are, are (1) to attract gullible customers: exactly the ones they want, just like CFD brokers do and for exactly the same reasons; and (2) to encourage customers to use position sizes that are huge, relative to the “actual” account size.
There’s no “actual”, really, of course: they’re all only demo accounts. With the CFD ones (but not necessarily with the futures ones) they’re only demo accounts even after you’ve passed the evaluation.
It’s a very trappy and misleading business, in other words.
I appreciate, obviously, that you know this! But it seems that @dmw_poco - who is the one asking - doesn’t. That’s why we’re all encouraging him to read in detail the links carefully assembled for him above by @DivaMakosh , where all is clearly explained.
4 Likes
I suggest paying only to try for a $10k account, and earning from it the entry-fee for a higher one.
The “proportions” of profits and drawdowns are usually pretty similar, if not identical.
If you can’t pass a small one, you certainly can’t pass a big one?
2 Likes
How’s your demo trading going, profit wise?
People who ask this question are nowhere near ready to take an evaluation for funding. People who ask, instead, “What are all the details of the risk management rules and procedures of $10k and $200k accounts?” are much closer.
2 Likes
I know tge rules ive been there i just want to make sure my goal is not unrealistic
3 Likes
You have some great advice, above. Especially the suggestion from @Scheherazade that there’s no point in paying for anything bigger than the minimum-sized one.
You need, in effect, to be able to do it repeatedly, for it to be worth doing at all, and if you can do that, there’s no point in paying for an expensive one. That’s just an unnecessary risk, for someone in the risk management business.
And we are in the risk management business. I just wish I’d known enough to look at it all that way round, when I’d started. It’s fine to have a goal, as you said, but a risk management goal is way more promising and helpful and realistic than a “how much can I make?” goal.