Introduction
FTMO is a well-known company. It gives money to skillful traders after they complete two evaluation phases. One question is, what number of people do well at FTMO? The solution shows the difficulty and the high competition involved.
This detailed text checks success numbers, reasons for higher numbers of unsuccessful attempts and things a person needs to succeed in the Challenge and Verification. For a beginner or someone who did not succeed previously, this article assists in approaching FTMO armed with clear understanding, preparation along with a plan for achievement.
Understanding the FTMO Challenge
What Is the FTMO Challenge?
The FTMO Challenge represents the initial step in FTMO’s evaluation process. Traders must achieve specified profit goals. At the same time they must adhere to defined risk limits. The focus centers on earning money reliably along with managing risk.
Overview of the FTMO Evaluation Process
The FTMO Evaluation Process contains two phases
- The Challenge Phase demands a ten percent profit target within one month.
- The Verification Phase needs a five percent profit target within two months.
Traders who complete both phases, following all rules, receive funding. The funding can reach $200,000. It increases with scaling.
Rules and Objectives of the FTMO Challenge
Essential rules apply during the FTMO Challenge.
- The maximum daily loss permitted totals five percent.
- The maximum overall loss allowed amounts to ten percent.
- The profit objective equals ten percent during the Challenge besides five percent during Verification.
- Ten represents the fewest trading days needed.
A rule violation results in disqualification. This is true even on the first day.
Why Is the FTMO Challenge So Difficult?
The FTMO Challenge presents difficulties because of tight deadlines, firm loss restrictions and elevated demands. Trader behavior and market swings add to the difficulty. These aspects quickly remove traders that are rash or not ready.
FTMO Pass Rate Statistics
How Many People Pass FTMO? (Real Data)
Data about the FTMO pass rate is not released by them but industry sources estimate about 8 – 10 % of traders complete both stages. Most traders have trouble with self-control also handling risk.
FTMO Challenge vs. Verification: Success Rate Breakdown
For the FTMO Challenge, the pass rate is around 10 – 15 %. The Verification pass rate is better, at 50 – 70 %, because it is less demanding.
The first Challenge presents the largest obstacle. Traders who show they can comply with guidelines find the Verification less strict.
What FTMO Says About Success Rates
FTMO states consistent work, self-control next to risk handling matter more than earning large amounts. They note that passing the Challenge on the first attempt does not occur often. Many traders achieve success after they improve their method through practice.
Why Do Most Traders Fail FTMO?
Biggest Mistakes and Mental Challenges
A trader may attempt to recover funds quickly after a loss. Some change the planned approach when stressed. Traders at times allocate substantial funds to a single trade. Emotions influence choices.
Common Risk Management Errors
Traders allocate 5 – 10 % of funds per trade, which is excessive. They avoid using a stop loss. The daily allowed loss receives no attention.
These errors cause accounts to deplete in a few days or a few hours.
Excessive Trading plus Absence of a Reliable Strategy
Overtrading and Lack of a Solid Strategy
Traders trade more often because they want to reach the profit goal. People switch between methods. They should focus on becoming skilled with one.
What Increases Your Odds of Passing FTMO?
Winning Trading Strategies for FTMO
Successful FTMO traders focus on these points. They risk 0.5 – 1 % for each trade. They target setups with a high probability of success. They avoid trading when news events occur.
Psychological Discipline Is Everything
Psychological discipline is important. For example “Trading in the Zone,” explain this. Success depends more on mindset than technical skills. Key elements include staying calm when stressed, adhering to rules along with cutting losses.
Using Bots, EAs & Trade Managers (Pros & Cons)
EAs next to trade managers offer both advantages besides disadvantages. They can ensure discipline. They assist with consistency. But they must be customized and tested well. FTMO allows their use, only if rules are followed.
Backtesting and Demo Accounts: Secret Weapon
Backtesting besides demo accounts are useful. Testing a strategy on historical data can reveal problems. Practice on an FTMO free trial or a demo builds confidence.
FTMO’s Educational Resources
Online Courses & Mentorship Programs
Online courses and mentorship programs are common choices for traders. These include Inner Circle Trader training, Babypips.com which does not cost money, Phantom Trading next to TraderNick’s courses about strategy.
Books, Videos, & Communities to Join
Videos along with groups one can join exist. One book is The Disciplined Trader by Mark Douglas. Another is Technical Analysis Explained by Martin Pring. Reddit has the r/Forex community. Discord groups for Forex are available. ForexFactory forums are around to provide iformation.
These communities give feedback, encouragement as well as motivation.
Should You Pay Someone to Pass FTMO?
Pros and Cons of Paid FTMO Pass Services
Pros:
- Results come quicker.
- Funding occurs, perhaps without difficulty.
Cons:
- FTMO might ban your account – there is a substantial danger of this.
- Individuals gain no new expertise.
- Traders have no control over the transactions.
Legal and Ethical Concerns
According to FTMO rules, this is unacceptable. This breaks their terms, which results in quick removal. From a moral viewpoint, this is dishonesty. This sets up traders to fail after they oversee actual funds.
Final Thoughts – Can YOU Pass FTMO?
Key Takeaways for Aspiring Funded Traders
- FTMO presents a challenge, yet success remains achievable.
- A large number of traders do not succeed because they do not manage risk well and they lack emotional control.
- The percentage of traders who pass is small. An appropriate attitude coupled with planning can place you among the successful ten percent.
Tips Before You Start FTMO
- Before beginning FTMO, it is important to completely learn one trading approach.
- A trader must trade with control and without emotional reactions.
- The free trials from FTMO let you check your performance.
- Instead of focusing on a quick completion, focus on correct completion.
If You’ve Failed, Try Again (Smarter)
Failure is not absolute. It provides insights. Use failure to sharpen the advantage you have. Enhance your mental approach. Attempt the test again with more knowledge and strength.
FAQ
The company does not share the precise number of individuals who pass FTMO. But data from trader forums, communities dedicated to proprietary trading and instructional content shows the overall pass rate for the FTMO two-step evaluation is low. Close to 8 % to 10 % of applicants succeed at the Challenge and Verification stages. The initial Challenge stage has the highest failure rate. This originates from its firm risk parameters plus ambitious profit aims. In contrast the Verification stage has more relaxed conditions plus a smaller profit objective, so it typically shows a higher success rate. Most traders do not advance past the initial obstacle. This is because of inadequate risk handling plus a lack of psychological control.
The FTMO Challenge receives an intentional design to present difficulty. It is a measurement of a trader’s consistency, control next to skill with risk management when facing stress. A big profit target, rigid loss limits next to time restrictions create a difficult test. Emotional control is a significant element. Some traders fail not from bad strategies but from the inability to follow rules during stressful times. If a trader lacks control over emotions, like fear, greed or frustration, a solid strategy still generates disqualification. Traders who thoroughly prepare plus adopt a professional way of thinking do succeed.
The FTMO Challenge and Verification stage are parts of the evaluation. In the Challenge, traders must reach a 10 % profit aim within 30 days, while also adhering to a maximum daily loss of 5 % and an overall loss of 10 %. With success traders move to the Verification stage. It is essentially a confirmation round. The Verification stage has a lower profit goal of 5 % and twice the time available: 60 days to reach the goal. All other risk parameters stay consistent. This stage provides an opportunity for traders to show continued consistency and it is generally simpler than the Challenge.
The most frequent causes of failure in the FTMO Challenge are a lack of control and poor risk handling. Some participants approach it like a race, trying to achieve the profit aim quickly. Such conduct prompts overtrading besides emotionally charged choices. Others do not adhere to a trading strategy or they abandon strategies when stress develops. Exceeding the daily loss limit or the total loss limit, even a little, results in instant failure. Some traders neglect to consider the spread, slippage or changes caused by financial news. These things result in unexpected losses. This Challenge receives design to eliminate traders who cannot obey rules or handle risk similar to a professional.
