How does ftmo make money reddit

How does ftmo make money reddit. So, make sure you don’t set unrealistic expectations with it. Right there that is the basic that we know. It’s all simulated. It is definitely not that easy to make money as many social media influencers will try to show you. I compiled a list of 5,000 products making sellers GOOD money so you can see exactly what successful sellers are doing. Also you can make stuff and sell through amazon . Here's the dark truth about the business model behind prop firms such as FTMO and My Forex Funds. what will be 1. You can start a personal blog and devide it into categories. They are 100% legitimate, if you can trade profitably and manage risk then you can make a lot of money with MFF. We invest in 250k+ productions run on one flea. If you are consistent and profitable with futures or forex, using a prop firm may be better than a personal account. Prop firm are there to make money out of us. I wish I knew this when I first started. The key thing to remember: Do *NOT* rely on YT as your sole or primary source of income. 25% of $500? $6. a $1,000 regular account, that the position sizes on the $1,000 account wouldn't be anywhere close to the amount of potential risk you could have. it takes money to make money. You can do a couple of things to make money online with a blog. Their unique evaluation process, thought-out and designed for traders of all levels, has garnered positive FTMO reviews and ratings. You can learn what to do and what not to do so you're better prepared when the time comes for your own business. If you're talking becoming a multi-millionaire yes. So it all depends, I think getting funded is a good idea if YOUR STYLE suits the rules. Then obviously cut the methods that don't work and add to ones that do. Yes, people do actually make money from forex. Forcing yourself to trade everyday does not work well (for me especially). That’s gonna become more money than most people’s salary. This way you can determine whether you actually have expectancy in the market and whether if you actually can make money with the strategy you are tracking. They’ll still give you payouts in the case you are successful but they will never give you an account with real money. I am sure most don't trade shares or crypto but I was asking those who do if its feasible with those fees. A small $1k-2k buffer would make sense if you’re aggressive, but I would never leave any sizable amount where it didn’t earn at least a tiny amount of interest. Traditional prop firms who have physical trading desks make their money by selling order flow. All you need to do is Google the address of any of these firms - they are all in publicly available rental offices. Why do you think we suddenly have so many YT creator-branded coffees all of the sudden? Merch isn't just T-Shirts and hats anymore. The more knowledge to have the more money you can make. edit 10 months after the post: After failing 7 different My Forex Funds 5k accounts I finally passed my 8th try with a 10k. I think a lot of people don't realize that many of the traders that pass the challenge fail to make their first withdrawal because they fall off after getting funded. Prop firms make more money with successful traders, than they do with someone trading an account for 150$ a month. You know that in some contexts, buying low and selling high would produce a zombie machine because of fees -- you're working just to break even, or even take a loss. Bro i could text soooo much here about this topic. A lot of people think that if you have a $10,000 FTMO account vs. Sometimes I will make $200 for less than half an hour of voice over work, other times it will take me 5 hours to do a $150. If you succeed you are working on 10k account even if it’s says it’s a 100k one, so if you want to make 1k per day you have to make 10% per month, fir that better do it with your own money and you can make way more if you are able to make 10% per day There are so many songwriters and musicians. Like : creating a little Shopify store that will sell something unique . When you make profits on FTMO, you will be charged 30%, and you can keep the rest 70%. I can't find the stats on how many traders have been funded for the year 2020 in FTMO. Just take that profit, rinse and repeat, and if you just don't get greedy (like I did) you can use this thing and make a nice little money generator that you can use to help out with bills around the house. This is a struggle after putting in all this work. The best thing I found to do is just to sit out of the market and take a step back if I'm really not feeling the price action. They mostly makes money out of people buying the accounts. In fact we need to sell a few and we are profitable. They will never give you access to their own money. Just whatever you want to sell . 25? As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. What is karma on Reddit? Karma on Reddit is equivalent to a user’s score on the platform. If it takes you 3 times you still lost $1200. ( I stay off on mondays because my backtests shows me to stay away on mondays) Don’t expect to make quick money in crypto, honestly the crypto currency market trades somewhat similarly to a more volatile forex market then traditional equities. They keep the difference. Trust the process and don’t give up. Good afternoon Traders! I have successfully passed my $100K FTMO challenge. I guess the main questions are- is that the best way to do this, should I just hire a CPA (suggestions?), and are any of you trading for FTMO/how are you paying your taxes (if you are US based)? So this how the first FTMO payout went. Got to give it to FTMO. Probably a silly question, but does it mean I have to trade 4 days in a row in order to not lose the challenge or does it mean that I need to trade for at least 4 days, regardless of how long it takes and whether there are breaks in between. On your personal $500 account, to make $5000 a month you will have to risk a lot and have to trade a lot. During demo account I didn't consider how much money I had to invest and how much I could make off of it easier because of how much less I need it to move to make money. An interesting strategy you can do is place buy stop above resistance levels, sell stops below support levels on the 15-minute time frame, and make sure you have the proper stop loss set. Lol. Now that MFF is having some issues due to their business model that involved using money from challenges to pay traders. That’s how these platforms earn money. In the other note I believe in every single one y’all who are trying to make a change. The 3% they charge on credit cards is just a straight pass-through to cover their transaction fees. Since then i changed my point of view about trading and worked, learned a lot. I don't make that often but that's my goal when buying. This is an educational subreddit focused on scams. You only need to pass 8% in the first round and 5% in the 2nd to get funded and drawdown is 12%. Now I can make a pretty consistent 50 in about 5 minutes if the trend is set up right. Thanks in advance! I'm debating if I'm good enough to give ftmo(10k account $150) a try or maybe do a 1-2 k live money account. Good luck! I had a shower thought about farming. Welcome to FXGears. But they do not provide any more details. But once passed you can make decent by just properly trading, managing risk. And even challenge is not so gambling because 1 phase: make 8 with 10 drawdown (55. How cheap food is. Use affiliate marketing, brands deals, your own merch, etc to generate income. FTMO is legit and has been around for a while. Step 1 – FTMO Challenge. But here is the problem: is FTMO using the same business model ? Especially because they claim they use their risk management for demo accounts connected to live markets. And that's what professional investors do to make money: they calculate reward vs. Also, their office - like the others out there - is a "Wework" type of building. 5%) 2 phase: make 5 with 10 drawdown (66. It is our hope to be a wealth of knowledge for people wanting to educate themselves, find support, and discover ways to help a friend or loved one who may be a victim of a scam. Apr 19, 2024 · However, you can use Reddit to find ways to make money. I have 2 questions: 1- When have you received your account after passing the challenge? 2- When do I receive the refund for challenge & how do I receive it? Side note: I have tried 7 prop firms since last year. All information provided on this site is intended solely for educational purposes related to trading on financial markets and does not serve in any way as a specific investment recommendation, business recommendation, investment opportunity analysis or similar general recommendation regarding the trading of investment instruments. See full list on modestmoney. I've seen the setups of the guys who do this sort of thing, and you're frequently looking at four or five strobes with 7' umbrellas to get a whole team in the image or a full 4-light portrait setup assembled somewhere around the sports facility. Funded traders receive up to 90% of profits. 25% a week. After your first payout with FTMO you basically are playing with house money. My opinion would be go for it, but be disciplined and use it to fund your personal account to a good size account (10k, 25k, 100k, whatever you're comfortable with). You both can make money, without one having to lose. If you don't have one, you're still in the strategy discovery phase. Most people make a lot of money through selling the idea of products and then employing people to perform/install/develop the product. Over 90% of people who apply for ftmo fail their challenge, which of course is expected due to the high failure rate of retail traders in general. Do your research but so far, my experience with MFF has been great. This FTMO review guides you through the FTMO Challenge, including the signup process, member dashboard and trading platforms. Make sure your costs are low, I like items that I can charge 5times what I paid for. FTMO is one of the fastest growing proprietary trading firms with funded trading accounts. That's what they make you think. Btw if you want to practice before starting the challenge you can just keep working on a demo account using oprey server, and treat it like a real challenge The reality is that prop firms like ftmo make ALOT of their money on people failing the challenge. com, a trading forum run by professional traders. Then you should consistently aim for something like 2. These are worth quite a bit, but you need a lot of specialized gear and know how to use it. Just like, you guessed it, gambling. com Goal is to help sellers who are stuck with low sales break out of that zone and do what sellers are doing to make money. I’m not losing that sucker. I quit my job a year ago and make more money then i ever could have dreamed off. Similarly, if users downvote you, your karma score will drop. You clearly understand this. 6%) So the probability to pass a challenge is 0. There are some people that make a living off gambling and they do You have to make a withdrawal before you can get the refund, if you account is negative you can’t take money out and can therefore not get a refund. 666 = 37% natural probability if you are a monkey. As long as you keep the challenge fee money aside, you can retake it again if you happen to lose it. Send them an email or use the chat feature to find out. Many big YTers follow this method. Currently trading 200k and once I max out ftmo I'll look for others prop firms to get more AUM but until then ftmo is the way to go for me. You make your money when you buy. Their challenges are a bit tougher than My Forex Funds where I'm currently funded. Knowing that you know not only every trader will spend the money for the account and will blow 10% (in general). How do you guys the farmers historically the point that gets squeezed survive. It was a fucking good feeling and a little bit weird? But i said to myself ,,ok, in trading you can really make money but you should learn trading professionally when you really want to make money with trading“. I am not saying that you can’t make money with investing. The chances of being a profitable trader are so small that So currently they don't make money, they are just focusing on building a user base. Unfortunately, a lot of people will pass the challenge & verification and fumble the actual account, meaning they’ll never get the refund Welcome to r/scams. If you are trying to make music to get a high-paying career, in my view, that’s the wrong reason and will lead to, well, where you are now. -ftmo's business model is based on the failed challenge fees. My take on ICT, or "smart money concepts" is this: There are easier strategies for beginners. It depends on your definition of making a lot of money. But in reality the stats shows that 99% fail the test. This isn’t a problem in higher time frames, however the way I make money is scalping a few minutes. . com Aug 18, 2023 · FTMO has built a solid reputation in the world of proprietary trading. Edit: I also only stay on the charts 2 hrs a day 4 days a week. That being said, ftmo recently made available extensions if you are close to the target and from day one even if you don't hit the target within 20 trading days you will get a retry anyway. This is my 3rd time with FTMO. Like, they think that if you have more money, you'll make more money, even if it's fake money. This is basically impossible in ftmo due to their spread. If you prefer to keep your Profit Split on account to grow and accordingly build up your balance and drawdown buffer, you can do so. The prop firms make A LOT of money from people blowing account after account to cover the payouts of the really good traders who get payouts after payouts on a bimonthly level. You need to make music only because you love it and cannot do anything BUT make music. Getting a job or two can teach you a lot especially if you try to learn from every experience. Well , I grew up in a very poor town and there wasn’t many ways to make money . on funded $100K account, $5000 a month means 5%, pretty much 1. We deliver a Trade on the platform and you pay only if there is a profit. Reply Thats why we have Swing Accounts like on FTMO now cos that what swing traders do primarily. I myself have made quite a decent amount of profits in my journey of forex trading. If you meet the conditions of our Scaling Plan, not only do we increase the balance of your FTMO Account by 25%, but you will be entitled to a 90% payout. 5% average monthly return, which is very doable with a working strategy and good risk management and trading psychology). I do think its good for good traders with no capital that can get through the evaluation cheaper than the capital provided and then make that money back plus some without breaking any rules. o Reddit. Does it matter how they are making money? you get paid for the profit you make and that's all matter. When other users upvote your comments or posts, your karma goes up. Our FTMO Challenge is the first step of our Evaluation Process. They hold overnight, all year round (albeit different assets at different times). It is not zero sum. You shouldn't care if you lose a challenge or blow an account. Could you help us with your clone account size? And i really curious if you scale it up to >1-2M$, will FTMO do something with you? Thanks a lot for your answer. Lets say one categorie you blog about your life experiences what you do and like to do. I’m just equating options trading with a way more aggressive and risky way of making, or in this case, losing money. Was surprised when the transfer hit my account wasn’t expecting it, but it’s legit. Can you make money on Reddit? Yes, you can earn real money from Reddit. the group shots, and the player portraits. Have two 3PLs who handling kitting and storage and a team working on the operation so yes it’s possible but they say. Tradeable assets include Forex, cryptos, commodities, indices and stocks. You don’t need to invest much into this . I chose MFF because they were cheaper and had an easier to pass evaluation model. 555*0. Luckily for you , there is many ways you can make money today . Bad months happen. Obviously that’s stupid and no one is arguing with that. FBA has been the driver of 90% of my sales this summer. Learn, network, and use leverage to discover opportunities. You’re not trading with real money. With a bad harvest you are in debt. Good luck You’re trading a simulated account, even when you pass and get “funded”. MMs generally do not care about direction, they are making markets which means they can make money regardless of whether you make money —that being said the issue of MM has very little to do with a retail traders performance. More music is published daily than ever before. If you’re trading forex, serious investors accumulate tons of a currency and have to wait 10s of years to see profit. risk. Cost of transportation from farm to supermarket. No what I meant, is for example when you first start trading they'll pay you from the money they make from evaluation fees and if you are a profitable trader then they'll start copying your trades so my question was how much* money realistically before FTMO starts copying the trades and giving you money from the profits of the trades they made My sales are constantly 2k a week. Be sure to be a profitable trader though before taking these challenges or you will just waste a lot of money! Im funded with FTMO, TFT and TopStep aswell as having my own account. You can find the report at kadavidata. Before you can get your FTMO Account, we need to be sure you can trade responsibly and manage risk properly as, in the future, we can use your simulated trades performed via the FTMO Account when trading on our own account on real financial markets. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. However, I won $400 in profits for the same month. They could make 5x as much from their 90/10 split for a successful trader. What about a good harvest does it offset a bad harvest with a little savings. Does a good harvest cover more than 1 year of Seeing a lot of videos lately of people passing FTMO challenges on Youtube. I trade my ftmo account as if it’s only half it’s actual value. I know I can make money with normal brokers with my style so I will stick to this. I was learning "smart money concept" for over a year, and went back to basic key levels, trendlines and fibo. So you are failing to see, that prop firms are the brokerage that you are talking about, they just have opened up there doors with trading evals. which is more than enough to pay out the traders that do make money (90%+ loose) -the really great traders with good rm and consistency over a longer term basis get copy traded onto a larger live account. With FTMO, to get your 70% profit share, you have to invoice them, which I would do from my LLC (once I create it). It all comes down to what kind of order it is and how complicated the work is. The refund given is only on that attempt. Trading is not easy. If they have all that money, they aren't renting one of these offices. It’s in their terms and conditions. My view on copy trade is different, especially because we work with it. Our goal is to help Redditors get answers to questions about Fidelity products and services, money movement, transfers, trading and more. When you make profits on funded platforms like FTMO, besides joining fees, you will be paying fees from the profits as well. Our average sales price is 600 so we don’t have to sell 1000 to make a profit. I lost a good amount of money selling too I mean if I am not making money from 7 cars, I sure am not making money from 3 cars too unless you have added expensive cars recently such that they are eating away into all the profits your small cars are making. otzwwi vtvr cirudzwy tdfnja izsgvjq dhz akcpt mtimh xay rpf