Are you looking for a way to get a free retake for the FTMO challenge? Look no further! In this blog post, I’ll share with you my experience of getting a free FTMO challenge and how you can get it too.
For those of you who are unfamiliar, FTMO is a proprietary trading firm that offers traders the opportunity to trade with their capital. They provide a challenge to the traders to assess their trading skills. If the trader passes the challenge, they are given a funded account to trade with.
FTMO Free Retake: My Experience
Last month, I bought an FTMO challenge with the purpose of creating videos for my followers. I placed a trading robot that I created onto the MetaTrader 4 platform, and the EURUSD market wasn’t particularly volatile. The robot opened a total of 11 trades with a maximum daily loss of $344 and a maximum loss of $430. The profit was $357.91, and I fulfilled 3 out of the 4 trading objectives.
This allowed me to request a free retake for the FTMO challenge. I sent an email and received a positive response from the FTMO support team. It was that simple.
You can get a free retake for the FTMO challenge if you fulfill 3 out of the 4 trading objectives and do not breach any of the trading rules. If, at the end of the challenge, your account ends up in profit, with all positions closed, then you are eligible for a free retake.
If you stay within the rules set out and do not hit the profit target but are at least 1 cent in profit, you can get a free FTMO challenge. This is admirable from FTMO and shows that they understand the world of trading. Sometimes the market is not particularly volatile. And even if we have a great strategy or robot, we can’t hit the 10% profit target within one month. But reaching 3.5% doesn’t mean you are a bad trader. It just means that the market conditions weren’t favorable during that period.
Many traders are unaware of this option. But it’s important to know that you can get a free retake for the FTMO challenge. So, if your trading challenge is about to finish, and if you haven’t hit the profit target, don’t rush it. Close all your positions and ask for a new challenge. They will give it to you, and you will have a whole new month to achieve the 10% target.
FTMO Free Retake: Conclusion
In conclusion, if you are looking to get a free retake for the FTMO challenge, fulfill 3 out of the 4 trading objectives. Stay within the rules set out, and close all your positions. Ask for a new challenge, and you will have a whole new month to achieve the 10% target.
I hope this blog post has been helpful to you. If you want to learn more about the FTMO challenge, check out our complete FTMO challenge masterclass available right here.
If, at the end of the challenge, your account ends up in profit, with all positions closed, then you are eligible for a free retake. If you stay within the rules set out and do not hit the profit target but are at least 1 cent in profit, you can get a free FTMO challenge.
You can retake your Free Trial as many times as you want to make sure you are fully prepared for an FTMO Challenge. Once you are ready to accept an FTMO Challenge, you can configure your account here.
If you are able to repeatedly pass our Free Trial, then there are chances you can succeed in the full FTMO Challenge as well. This should encourage you to start your journey to become one of our FTMO Traders. Please note that Free Trials don't give you any eligibility to automatically secure your FTMO Account.
You will be removed from the Premium Programme if one of the following situations occurs: You fail the FTMO Account which is part of the Premium Programme. You fail 3 accounts regardless of the of the stage (FTMO Challenge, Verification, FTMO Account) You breach the contractual requirements of the Premium Programme.
The 30 or 60 calendar days to complete the Evaluation Process are gone. Free repeats and 14-day extensions are also no longer needed because traders trying an FTMO Challenge and a Verification don't have to watch whether they can make 10% in 30 days or 5% in 60 days.
The FTMO challenge has a reputation for being extremely difficult to pass. Across FTMO's various account levels, it is estimated that only around 10% of traders are able to successfully complete the evaluation and become a funded trader. This means approximately 90% of those who attempt the challenge end up failing.
FTMO have now restricted access to all new US-based traders as of January 2024. This appears to be related to regulatory issues and may have something to do with the recent My Forex Funds case.
Passing the FTMO Challenge can be challenging. But with the right money management system, you can increase your chances of success. This simple system involves using a risk reward ratio of 1:3 for the first trade. Then, 1:3 again for the second trade, risking 4% of your account and targeting 12% of your account.
In what appears to be related to the latest MetaQuotes crackdown on the proprietary trading landscape, prop firm FTMO has stopped onboarding US clients, Finance Magnates has learned. New traders attempting to register from a US IP address were unable to complete the registration form.
At FTMO, we understand that market conditions might vary and that's why we offer our traders a generous 10% Maximum Loss buffer and 5% Maximum Daily Loss. These conditions are in a ratio of 1:1 (loss to profit), which is the top industry standard.
In conclusion, the FTMO 200k account price is $485, which covers the one-time fee for the Challenge and Verification stages. Traders must also deposit a minimum of $5,000 to start trading the $200,000 account.
In conclusion, FTMO is a reputable proprietary trading firm that pays out profits to its traders as promised. The company has a transparent and reliable payout process, and numerous positive reviews from satisfied traders attest to this.
How much should you be risking per one trade? In most textbooks and online education programs, you will learn that you should not be risking more than 2% per one trade. Although the answer to this is more complicated, let's start with saying that 2% risk per trade is a good base to start with.
The Profit Split on an FTMO Account is done on a monthly basis by default, with the option to place a payout on-demand after a period of 14 calendar days from the first placed trade on the account.
We call these rules Trading Objectives. There is no time limit within which you need to pass the Profit Target, the Trading Period is indefinite. As soon as all the Trading Objectives of your FTMO Challenge are met and your results are reviewed, you can proceed to the Verification phase.
You can, however, start a new FTMO Challenge and upon successfully passing another Evaluation Process, we will provide you with another FTMO Account. Just keep in mind that our maximum capital allocation on FTMO Accounts is $400,000 per trader/strategy.
Moreover, your fee will be reimbursed to you when you successfully pass the FTMO Challenge and Verification with the first Profit Split on your FTMO Account.
During the FTMO Challenge & Verification, you can ignore the rule of not trading in the window of 2 mins before to 2 minutes after the specific releases. We don't enforce it as we want to make it easier for you to pass the evaluation process.
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Introduction: My name is Duncan Muller, I am a enchanting, good, gentle, modern, tasty, nice, elegant person who loves writing and wants to share my knowledge and understanding with you.
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