FTMO The PROS and CONS
So let me tell you something, if you had the opportunity to trade with a five figure balance let alone a six figure balance for the price of a couple hundred pounds, dollars etc would you take it?
Of course you'd probably be quite skeptical, but what if it was regulated, legit and a position to grow further.
This is what FTMO has done to the trading industry, they have bridged the problem of capital and the trader, so what do you have to do to get such capital.
Well you would need to trade across the particular account over two months across two challenges, first month being
- trading a total of 10 days
- hitting 10% profit on that account balance (so for a 100k account you would need to make 10,000)
- not going past 10% loss on that account balance (so for a 100k account the lowest the capital can go is 90,000)
- not losing more than 5% on that account balance in a single day (so for a 100k account you cannot lose more than 5,000)
Next Step
- trading a total of 10 days again
- hitting 5% profit on that account balance
- not going past 10% loss on that account balance again
- not losing more than 5% on that account balance in a single day again
If passed, when you put your first withdrawal in you will also get a refund on the price you paid for your challenge. Meaning when your…