I WISH I Knew This Before Starting FTMO! (10 🔑 Things)

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Marko's Trading Journey

Marko's Trading Journey

Күн бұрын

🎓 Learn To Trade: www.zentumtrading.com/
💰 Get funded with FTMO: ftmo.com/?affiliates=3677
🔗 Best trade copier for prop firms: tradersconnect.com/?ref=Marko...
These are the things I learned from failing and then finally passing FTMO challenges and verifications. Learn from my mistakes and apply the advice from this video, it will save you time and money!
LINKS:
📈 Instagram: / markostradingjourney
📈 FTMO: ftmo.com/?affiliates=3677
📈 Email: markostradingeducation@gmail.com
📈 Tradingview (30$ off): www.tradingview.com/gopro/?sh...
0:00 Learn from other people's mistakes!
0:50 1. Key
1:34 2. Key
3:08 3. Key
4:14 4. Key
5:41 5. Key
6:22 6. Key
6:51 7. Key
8:04 8. Key
9:00 9. Key
10:11 10. Key
11:22 Final Advice
DISCLAIMER:
This is my opinion and experience. I am not a registered financial adviser. Everything provided in this video is purely for educational purposes. Do not invest money you cannot afford to lose.
#forex #ftmo #myforexfunds #propfirms #forextrading #technicalanalysis #fail #win #challenge #verification

Пікірлер: 134
@LiveHMH
@LiveHMH Жыл бұрын
Great content! Thank you for sharing your experiences Marko. I really learned a lot from the advices you share in your videos. There are so valuable ✨
@markostradingjourney
@markostradingjourney Жыл бұрын
Thank you for the feedback, have a great day 😁
@kellarenna
@kellarenna Жыл бұрын
took me 3 months to get funded. 1 week to blow the first funded account lol
@markostradingjourney
@markostradingjourney Жыл бұрын
It happens to everyone, just a part of the trading journey :)
@chazjohnson9372
@chazjohnson9372 Жыл бұрын
Blowing accounts is all part of the process. 😊
@phillipkleopas7230
@phillipkleopas7230 Жыл бұрын
I feel for you bro. I almost blew my MFF funded account in 2 days after getting funded. Didn't trade the account for 2 weeks trying to undertaamd what went wrong. Corrected that now, manage to recover all my losses and I am now on break even. Was not easy
@LuthandoDlomo
@LuthandoDlomo Жыл бұрын
Nooo id cry lmao your ability to move forward from that will increase your skillset because your psychology and trade management will be better
@geonsorigin2108
@geonsorigin2108 Жыл бұрын
Happened to me twice and then I lost 5 challenges in a row because of the psychology issues losing those accounts caused.
@azimuthbusinesscenter
@azimuthbusinesscenter 9 ай бұрын
I failed MFF three times. I passed phase 1 then they were shut down. I am now in Phase 1 with FTMO. FTMO taking time out of the challenge is great.
@markostradingjourney
@markostradingjourney 8 ай бұрын
We as traders just need to keep on going through these struggles and eventually it will pay out. But trading and prop firms are super hard.
@user-qe7tg2wb7z
@user-qe7tg2wb7z 6 ай бұрын
Thank you so much!
@chadlye61
@chadlye61 Жыл бұрын
Good Stuff. - One thing I would add, 2-3 years is extremely conservative. Spending 6 hours a day at least, no days off, and 12 hours a day on weekends. I'd say closer to 3-4 years. Take this seriously. record every trade (screen shot or video) before and after. Then study study study the previous day or previous weeks trades. At first, take a trade in every singel pair and record it. Eventually you'll start to see a pattern in winners and losers. Start to slowly clean those up until a trading plan emerges. Everyone talks about "stick to your plan" - Well, these people either don't trade or they're skipping one of the most improtant parts. While this message is aboslutely correct, you need a plan first right? So, rule of thumb is, try a set of rules for 20-30 trades being very strict. If it doesn't work, the plan doesn't work. Doing screen shots and reviewing previous weeks will help to understand what parts of those failed plans work and dont work. Taking pieces and bits of working things to create your actual plan trimming the fat all the way until you are consistantly gaining in accounts. --- Then stick to your plan! Most importantly: Delete all trading chats, stop listening to gurus on instagram or youtube or whatever else. Fire your "trading coaches." Shut everything out and study your charts only. Stop chasing the next shiny thing... There is no secret to this. No one can teach you some magical sauce or magic pattern...thats not how it works and everyone that is successful in this knows that, so the only people trying to teach you a magic sauce or some magic boot camp or some magic trader chat, or some magic robot....they are fully aware they are scamming you. - Always call scammers out. Ask them for the FXBLUE of an account that is a year old. The people actually doing this in real life that are willing to mentor (meaning be a sound board only because this caught be taught) will never hesitate to show you real terminal data. The scammers, the gurus, the fakes...they'll never ever show you an account that is more than 6 months old. Why? Because they can't, they don't ahve one either. Then of course be aware of photo shop. Make sure they give you the actual FXblue number. Not just a screen shot. Get the FXBLUE number and you go to the site and look up that account. Good Luck!
@markostradingjourney
@markostradingjourney Жыл бұрын
Agreed 100%!
@bilelazizi5700
@bilelazizi5700 Жыл бұрын
this is the truth. that's what I'm talking about
@samricher
@samricher Жыл бұрын
Were you able to make decent money after those years?
@MomodouSanneh
@MomodouSanneh Ай бұрын
Real talk 😊
@robbi3966
@robbi3966 Жыл бұрын
Golden advice Marko!
@markostradingjourney
@markostradingjourney Жыл бұрын
Thank you very much Robbi! :)
@anes3850
@anes3850 Жыл бұрын
THANKS G FOR THIS GREATS ADVICES
@markostradingjourney
@markostradingjourney Жыл бұрын
No problem bro!
@sphinxman90
@sphinxman90 Жыл бұрын
Good video! Good point was to first learn how to properly trade and be consistent over the long haul.
@markostradingjourney
@markostradingjourney Жыл бұрын
Of course! This video is for folks who already did that 😁
@frztrading
@frztrading Ай бұрын
Thanks for sharing your experience!🥰
@markostradingjourney
@markostradingjourney Ай бұрын
No worries! Glad to help :)
@hart-coded
@hart-coded Жыл бұрын
thank you this was very helpful
@markostradingjourney
@markostradingjourney Жыл бұрын
No problem :)
@TiarraMello
@TiarraMello Жыл бұрын
Great info, thank you. I was looking into signing up for a prop firm. But I’ll just take some time to learn my strategy more
@markostradingjourney
@markostradingjourney Жыл бұрын
I would definitely recommend taking it slow :)
@phillipkleopas7230
@phillipkleopas7230 Жыл бұрын
Agree bro. Deposit that money into a live account and trade micro lots to perfect your strategy
@markostradingjourney
@markostradingjourney Жыл бұрын
@@phillipkleopas7230 100%!
@MartinProlTrading
@MartinProlTrading 2 ай бұрын
Starting FTMO challenge tomorrow. Been trading my own capital for years but never in big fashion. Started kinda simulated account a couple months ago making a good 3% with no dramas and think coming from real to demo is a plus, as even having no clue in managing risk, you are constantly stepping the brake unconsciously. Treat demo as if its real money is my approach. Small steps, small gains, cut losses short (over 75% win rate helps) Going for the 40000€ as making a small % is good for now as I'm very busy for the next year
@markostradingjourney
@markostradingjourney 2 ай бұрын
Nice! Good luck with the challenge! Definitely good to start with the smaller challenges to get some practice. Let me know how it goes :)
@ruwalauryn7132
@ruwalauryn7132 Ай бұрын
Any update?
@richy6394
@richy6394 Күн бұрын
any update?
@khalidrasool7043
@khalidrasool7043 Күн бұрын
Can you give us update please?
@Alkhawajasaif
@Alkhawajasaif Жыл бұрын
Love this video Thank Marko 🙏🏼
@markostradingjourney
@markostradingjourney Жыл бұрын
Thank you Saif! :)
@MomodouSanneh
@MomodouSanneh Ай бұрын
Thank you ❤
@markostradingjourney
@markostradingjourney Ай бұрын
No problem! :)
@reecejudemorgan285
@reecejudemorgan285 7 ай бұрын
very real and honest
@markostradingjourney
@markostradingjourney 7 ай бұрын
Thank you :)
@zidanabdi
@zidanabdi 11 ай бұрын
God bless you 😊
@markostradingjourney
@markostradingjourney 11 ай бұрын
Thank you :)
@excellenttrader4161
@excellenttrader4161 Жыл бұрын
Just subscribe Nice info
@markostradingjourney
@markostradingjourney Жыл бұрын
Thank you very much :)
@BojayBeats
@BojayBeats 7 ай бұрын
im now 6 months into trading and im one trade away to pass phase 1 of my funded challange so i woulndt say it will take 3 years
@markostradingjourney
@markostradingjourney 7 ай бұрын
Good luck bro! Passing phase 1 is only the beggining of the story tho!
@danjsilve
@danjsilve 10 ай бұрын
Thank you for this video in helping setting realistic expectations in how long it takes. That said if I took your 12 week course and follow it to the letter, how long minimum to maximum time could I be funded?
@markostradingjourney
@markostradingjourney 10 ай бұрын
No problem! I would say it takes ATLEAST 1 year to go from 0 to funded and consistently making profits. Most traders take around 2-3 years if they are serious students :)
@dakotahrondier
@dakotahrondier 10 ай бұрын
The FTMO specifizes in its PDF that if you are very good you can manage to get funded in 20 days, read the pdf bro
@markostradingjourney
@markostradingjourney 10 ай бұрын
@@dakotahrondier Yeah, but you will probably lose that account in a few weeks. Only like 0.3% of all traders who try a prop firm challenge get their first payout.
@dakotahrondier
@dakotahrondier 10 ай бұрын
@@markostradingjourney true but the real challenge is to manage not to change your behaviour Wether it is real money or not. If you can afford this mindset you ve won
@footballisawesome7021
@footballisawesome7021 2 ай бұрын
hy i have a question , If on a day that I close with -3,000 dollars of open positions that I then carry overnight to the next day, then I should have the 5% daily drawdown again or do I also have to calculate the outstanding free float loss to know how much I can lose in the daily loss?
@markostradingjourney
@markostradingjourney 2 ай бұрын
I do believe you again have -5% of daily drawdowns but it is best to check with FTMO support on this matter. :)
@ARMWRESTLINGHIGHLIGHTS
@ARMWRESTLINGHIGHLIGHTS Жыл бұрын
bro at mff daily drawdown is 5% from equity and at ftmo is 5% is from closed positions?
@markostradingjourney
@markostradingjourney Жыл бұрын
I believe so, but please check with support :)
@robertcarey3383
@robertcarey3383 Жыл бұрын
No it also includes open positions
@Prubotics
@Prubotics Ай бұрын
Now I read that they no have time limit to make the first 10% to pass the challenge. So is it ok if I take it safe and slow and generate that 10% in a few months like 5-6.
@markostradingjourney
@markostradingjourney Ай бұрын
Absolutely! I highly recommend you take your time with passing the challenge! There is no time limit so no rush :)
@user-oo3ct2jl1z
@user-oo3ct2jl1z 7 ай бұрын
Hi i am looking into FTMO challemeges should i start with the 25k one first then the 100k? Ive been doing the demo ftmo on the 25k for 2 months
@markostradingjourney
@markostradingjourney 7 ай бұрын
Were you able to pass those 2 demo challenges?
@SaVaGeTricKs1
@SaVaGeTricKs1 8 ай бұрын
I passed my challenge in one day risking 1.5 percent it’s possible takes time. I stop trading live for two years and now I’m back got funded in one day. The whole three years is not correct but knowing the right information is there is so much garbage on how to trade. I been in this industry for 4 years now and most if not all you see on you tube is not how you should trade
@markostradingjourney
@markostradingjourney 8 ай бұрын
Thanks for the comment!
@misslen575
@misslen575 3 ай бұрын
If there is a book you would recommend on actually profiting consistently, please share! Much appreciated if you do
@christophernnanna722
@christophernnanna722 Жыл бұрын
Bro i have two questions 🙏🙏 Question 1. What if you made more than the required amount of the usual 10 percent, let's say you made 20 percent instead of the usual 10 percent of the trading capital, will the profit be added to your account? Question 2 . What if you passed the 30 days challenge in less than 2 days will that be accepted?
@gijrijasdas5055
@gijrijasdas5055 Жыл бұрын
no there is a requirement of minimum trading days, and they dont like boom statistic like a stairs
@markostradingjourney
@markostradingjourney Жыл бұрын
1. it will not be added to your profits 2. There is a minimum 10 day trading rule
@Mohamed.Fathalla6969
@Mohamed.Fathalla6969 2 ай бұрын
My friend , i dont understand something, should i fund my account by my owm money or the challenge money (10 000 - 200 000) is all virtual money?
@markostradingjourney
@markostradingjourney 2 ай бұрын
That all depends do you want to trade your personal account or do you want to trade a challenge account from a prop firm? You need to fund your own personal account and with a prop firm you just buy a challenge with a one time fee!
@preciousmmesoma8616
@preciousmmesoma8616 11 ай бұрын
I want to ask a disturbing question will you pay for the account before doing the challenge. What are the rules
@markostradingjourney
@markostradingjourney 11 ай бұрын
Yes you need to pay for the account before starting the challenge. Make sure you read all the rules on the FTMO website!
@crazykitchen8172
@crazykitchen8172 4 ай бұрын
For withdrawing money you need to have a company? Why they require an invoice from us. Only a company can release an invoice
@markostradingjourney
@markostradingjourney 4 ай бұрын
No, you can withdraw the money as an individual as well :)
@nikhiltyagi2301
@nikhiltyagi2301 Жыл бұрын
Hey a question about MFF, What if I end my 30 days in drawdown after passing evaluation,? Will they let me to go back in profit or just terminate the account?
@markostradingjourney
@markostradingjourney Жыл бұрын
If you are in the negative and you have a funded account, after 30 days nothing happens. You just can't breach the maximum drawdown. There are no more time limits once you are funded.
@nikhiltyagi2301
@nikhiltyagi2301 Жыл бұрын
@@markostradingjourney thanks mate, just 1 more thing if u don't mind telling, Let's say I am in 15% profit, can i withdraw half of it and use other half as a buffer, do they ask "how much we want to withdraw"?
@markostradingjourney
@markostradingjourney Жыл бұрын
@@nikhiltyagi2301 I am not sure about that one since I am not trading MFF, please check with their support :)
@KennySVG
@KennySVG Жыл бұрын
@@nikhiltyagi2301 The buffer may help with your overall drawdown, but it does not help with daily drawdown limits. That's because they reset your max drawdown limit each day based on your current equity (balance plus/minus open positions). It's really a way to make you lose your account easily, even if you thought you have extra as a buffer.
@glxtch4599
@glxtch4599 Жыл бұрын
I have an urgent question I think I’ve seen somewhere that if different ftmo accounts have similarities in strategy then they could be terminated or banned… My friend and I basically learn from the same KZfaq channel which goes into details and specifics for strategies and if we both have an ftmo account and are trading the strategy we learnt then could we get banned ?? If this is true I think that’s unfair because theres an abundance of traders who all learn from similar sources so it’s only logical that the prop firms will get traders with similar strats Hoping for a reply💫
@markostradingjourney
@markostradingjourney Жыл бұрын
Yup this is true, 20 Guerrilla trading traders got their accounts deleted and received only 25% of their profits. They learned from the same mentor and took very similar trades. The major problem was that they made half a million $ combined in January so FTMO deleted their accounts saying they were copy trading. I would be very carefull! The 2 of you can go to different prop firms maybe that could be a solution.
@tjjohnson-oj9or
@tjjohnson-oj9or 9 ай бұрын
@@markostradingjourney That was theft. FTMO reaped the benefit of their sucess but then stole the bulk of the money. FTMO was due 20% of the profit in the first place and saw a chance to steal money. That is obvious. IF I could have 100 traders that used the same orders and made me a million dollars then I don't see the problem. It reeks of greed, plain and siimple.
@notchkali9892
@notchkali9892 8 ай бұрын
@@tjjohnson-oj9or Sorry, but you’re wrong. If you pass the challenge and become a funded FTMO trader, you are still trading demo. It’s not live funds. They pay you from the countless people that pay for a challenge and fail.
@tjjohnson-oj9or
@tjjohnson-oj9or 8 ай бұрын
@@notchkali9892 You are correct. I was wrong. I didn't know at the time. Thank you for the information.
@notchkali9892
@notchkali9892 8 ай бұрын
@@tjjohnson-oj9or You’re welcome mate
@1bz2002
@1bz2002 Жыл бұрын
Thanks for the video and information. Your advice of risk 1% not more or not less is wrong. It is ok to risk less and better to do so sometimes.
@markostradingjourney
@markostradingjourney Жыл бұрын
No problem, for regular trading yes ofcourse you can risk less than 1%, but for FTMO challenge trading risking too little will result in you not hitting the 10% profit target. I risked 0.5% on my first challenge and didn't even get near the 10% profit :)
@NZUK1979
@NZUK1979 Жыл бұрын
I would have to both agree and disagree. It really depends on the type of trader you are. If you’re an active scalper, then 0.5% might be good or even too much. If you’re more of a day trader, 1% seems realistic, but even 0.5% is sensible. If you’re a swing trader, you may have to push as much as 2% to pass the challenge. There really is no one size fits all. What is your average R on your winners? 1:2? 1:5? Do you scale in or out of your trades? There are so many variables involved. Unfortunately, It’s not a straight forward answer. But otherwise, a good video. 🙂
@markostradingjourney
@markostradingjourney Жыл бұрын
@@NZUK1979 I agree with you, depends on the type of trader you are. I am a swing trader :)
@chazjohnson9372
@chazjohnson9372 Жыл бұрын
I don’t believe you should risk the same percent on every trade, cutting your risk during losing streaks will help save your account. 1-2% is good if you are winning and trying to pass the challenge.
@phillipkleopas7230
@phillipkleopas7230 Жыл бұрын
I think it depends on your strategy. If your strategy gives you a lot of entries in one week, then you should risk less them 1% since you have more opportunities to rich the target. If a whole week can go by without an entry them yiu sh9uld definitely risk minimum 1%. Your RR also plays a big role. For example, my minimum RR I'd 1 to 4 and I get up to 2 opportunities in a day (40 trades a month) So I can risk 0.5% and still hit the target by only having a 37% win rate.
@lara5929
@lara5929 5 ай бұрын
Izvini jel mozes da mi kazes posto ne razumijem dobro. Znaci ako prodjemo verifikaciju i na primer napravimo odredjeni profit, tek posle 3 mjeseca nas isplacuju ili
@markostradingjourney
@markostradingjourney 5 ай бұрын
Bok! Ako prodes phase 1 i phase 2 onda dobijes funded account na kojem moras napraviti profit. Ako na funded accountu napravis profit onda dio tog profita dobivas ti. Nema tih 3 mjeseca ogranicenja. Mozes relativno brzo doci do isplate. Ali taj FTMO i druge prop firme su za samo jako iskusne trejdere sa godinama iskustva u trejdanju privatnog kapitala. Nebi nikako preporucio pocetniku da kupuje te FTMO accounte jer ce izgubiti puno novaca! FTMO zaradjuje iskljucivo na trejderima pocetnicima koji u kratkom roku izgube racun i daju challenge fee.
@lara5929
@lara5929 5 ай бұрын
@@markostradingjourney ahaa. to nisam znala, hvala puno na odgovoru :)
@markostradingjourney
@markostradingjourney 5 ай бұрын
Nema problema :)@@lara5929
@johannesbahm6148
@johannesbahm6148 11 ай бұрын
My fellow future millionaire traders, just a word of advice from your equal on risk management. As you risk between 1-2% of your trading capital on your funded account do REMEMBER that your overall draw down% is the actual account you are trading (so if I am on a 100k challenge I am only eligible to 10k so my risk should be 1-2% if the 10k and not the 100k). Yes the 100k balance allows for bigger leverage but I believe that a lot of us fail because of the misconception of the capital allocated to us. I hope this helps Please like if you agree😁
@tjjohnson-oj9or
@tjjohnson-oj9or 9 ай бұрын
Your math is flawed.
@contrarian2496
@contrarian2496 7 ай бұрын
What's the point of trading only $10K on a $100K account, the biggest myth is fixed allocation on all trades, ideally traders have to increase allocation on A setup and reduce allocation on C setup.
@rufdymond
@rufdymond 6 ай бұрын
Don’t agree with this, I set my risk according to my $100,000 account balance not the drawdown. My trading plan stipulates that my first trade of the day risks 0.5% of my balance (minimum 1:2 R:R) and my second trade risks 0.75% if the first trade is successful (I have different calculations if the first trade loses or is partially successful). I also never take more than 2 trades per day….the bottom line is that if I stick to my plan, my maximum daily drawdown should be around 1% of the account if I lose both trades. I make good money this way and my risk is well managed - it would make no sense to trade within the confines of a 10k account when you have 100k at your disposal.
@Fenix_Trader
@Fenix_Trader Жыл бұрын
🙏
@markostradingjourney
@markostradingjourney Жыл бұрын
:)
@mikaaa8854
@mikaaa8854 7 ай бұрын
If you finish ftmo funded account on negative, will you lose the account?
@markostradingjourney
@markostradingjourney 7 ай бұрын
If you breach the 10% drawdown you will lose the account. If you don't breach the max drawdown you will still have the account :)
@Susvilla51
@Susvilla51 Жыл бұрын
hello i use EA for FTMO is this good or not?
@markostradingjourney
@markostradingjourney Жыл бұрын
If it works in your backtesting on a large sample size then you can use it live but I don't know anyone successfully trading FTMO with an EA robot trader to be honest.
@ericnyamu9981
@ericnyamu9981 Жыл бұрын
whats the purpose of time-stamping the video with key ?
@markostradingjourney
@markostradingjourney Жыл бұрын
There are 10 key things! Major key alert!
@lara5929
@lara5929 5 ай бұрын
what percentage do I have to have in a month to pass the verification?
@markostradingjourney
@markostradingjourney 5 ай бұрын
Verification is 5% profit I believe!
@lara5929
@lara5929 5 ай бұрын
great, that's more than achivable
@markostradingjourney
@markostradingjourney 5 ай бұрын
It is, but you need to be a really good trader with years of experience to pass the 2 stages and then make actual profits on the live account!@@lara5929
@frankexcel1739
@frankexcel1739 21 күн бұрын
Does FTMO accept trading crypto.?
@markostradingjourney
@markostradingjourney 20 күн бұрын
I believe you can trade Bitcoin on FTMO, but best to ask their support about this!
@user-gh6nx9el6s
@user-gh6nx9el6s 22 күн бұрын
ftmo dont have time limit so why rush.
@markostradingjourney
@markostradingjourney 21 күн бұрын
They used to have a time limit which made you rush :)
@crazykitchen8172
@crazykitchen8172 4 ай бұрын
Ftmo is funding with real money or fictitious money?
@markostradingjourney
@markostradingjourney 4 ай бұрын
Fictitious money!
@crazykitchen8172
@crazykitchen8172 4 ай бұрын
​@@markostradingjourneyso its a scam in this case.... A ponzi scheme if the money are not real
@crazykitchen8172
@crazykitchen8172 4 ай бұрын
​@@markostradingjourneyi do not understand how this can be real. They fund with fictitious money and trade like with a demo account how they are gonna pay you if you make profits? They will pay you from the ponzi scheme or with fake money. It is the first time when I hear that somebody will pay you for trading with fake money 😂
@crazykitchen8172
@crazykitchen8172 4 ай бұрын
​@@markostradingjourneyif after passing the challenge they will not gave 100k real money for trading this means that it is a BIG SCAM
@mrdja993ns
@mrdja993ns Жыл бұрын
sto lazes brate
@markostradingjourney
@markostradingjourney Жыл бұрын
a brate
@sharartikaka346
@sharartikaka346 14 күн бұрын
No offence, Video's great, But speak clearly.
@markostradingjourney
@markostradingjourney 14 күн бұрын
:)
@djawedgamer9594
@djawedgamer9594 2 ай бұрын
Thats the worst tips i have ever seen
@markostradingjourney
@markostradingjourney 2 ай бұрын
Glad you liked the video!
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