Source
r/Forex•
sub-hunter

Ftmo question

Quick question about the assessment.

Sorry is this isn’t the right place for this feel free to delete if needed.

Ex: open trade it goes -100€ before going positive 1000€. This counts towards your total loss as I understand.

Is this cumulative? if I do 10 trades as above, it counts as -1000? Or once you are in profit only the first one counts against you? (Pretending all trades go your way without any other losses)

Obviously the numbers above are just made up and don’t reflect anything except easy math.

Thanks

Posted Sep 6, 2020, 12:36 PM UTC

830
fuadik88•

Losses determined by Equity, floating loss can violate Loss limit, if reaches. So, yes if you have 10 trades and all are going on -100USD, you have violated Loss Limit.

1
sub-hunterOP•

So as long as equity does not go below total loss or daily loss you pass?

Edit: pass as long as you make it to the required profit as well

3
SandfordKing•

Yes

2
sub-hunterOP•

Thanks - a lot of people say it’s a scam but they seem like they hit the limit without understanding it. Seems like it’s fair to me - I’m still researching prop shops before I pull the trigger

1
SandfordKing•

From what I've found they say its a scam because they're new traders that don't know how to manage risk.

Like another member of this community said in a previous post, if you have a few years of experience and are profitable, it's really not hard to get in.

I haven't yet, as I put most of my money into university nowadays, but I will.

1
fuadik88•

yes

1
sub-hunterOP•

Cheers!

2
[deleted]•

[deleted]

1
[deleted]•

I don't know if it's a scam or not. But I did just pass a video on YouTube talking about how it was a scam but I didn't bother to watch it.

1
inlovewithanolderman•

your daily loss is daily compounding. So its essentially daily watermark. If you go -3000 then +10000 then -5000 your max daily loss will show as -3000. BUt you gotta be careful cos their server time is confusing for rollover and if you get caught in a drawdown it fucks you.

1
sub-hunterOP•

Thanks - if they counted your example as -8000 it would be a scam. Seems like they way they do it is managing risk.

1
Matusaprod•

ftmo is a scam.

-4
Vanguer•

Do you have proof of this or are you talking out of your ass?

3
Rafa47pe•

Ignorance is bliss🤩. Yet FTMO will soon become my main source of income, but you do you🤷‍♂️

2
Matusaprod•

Yes, ignorance is bliss.

1
Rafa47pe•

Confirmation

1
oog_ooog•

How does this scam work

1
Matusaprod•

They make you pay up to 500€ in order to have a “trial period” and if you manage to pass it, they give you an account with up to 100k. What a deal, they’re so kind people

1
Whole-Solution•

Sounds like someone who failed the ftmo challenge 🤣. They're a legit company, if you don't want to go with ftmo go with another prop shop.

8
Matusaprod•

Nah, never took it. Anyway their challenge is totally bullishit, you can pass it with less than 3 trades. Would you give 100k to someone after seeing only 3 trades? By the way, do what you want, if it makes sense to you, then do it :)

0†
Matusaprod•

Alright, I didn't want to create this confusion. I do my rectification. Ftmo is a legit company, it's not a scam. Sorry to everyone who got triggered.

1