Introduction
FTMO is a popular proprietary trading firm that provides funding to traders who pass their evaluation process. In this article, we will discuss how FTMO works and what you need to do to become a funded trader with them.
What is FTMO?
FTMO is a company that provides funding to traders who pass their evaluation process. They offer different account sizes, ranging from $10,000 to $300,000, and traders can choose the one that suits their trading style and risk management strategy.
How to Get Funded with FTMO?
The first step to getting funded with FTMO is to pass their evaluation process. Traders need to demonstrate their trading skills and risk management abilities by trading a demo account provided by FTMO. The evaluation process has two stages, and traders need to pass both to become funded.
Stage One
During stage one, traders need to trade a demo account for 30 days and reach the profit target set by FTMO. The profit target varies depending on the account size, and traders need to adhere to the risk management rules provided by FTMO. Traders can trade any financial instrument they want, as long as they follow the rules.
Stage Two
If traders pass stage one, they will move on to stage two, where they need to trade a demo account for another 60 days and reach a higher profit target. Traders need to demonstrate their consistency and ability to manage risk during this stage.
What Happens if You Fail?
If traders fail the evaluation process, they can retake it after a waiting period of 30 days. Traders can retake the evaluation process up to three times, and if they fail three times, they are not eligible to retake it again.
What Happens if You Pass?
If traders pass the evaluation process, they will receive a funded account with FTMO, and they can start trading with real money. Traders need to adhere to the risk management rules provided by FTMO, and they can keep a portion of the profits they make.
What are the Benefits of Trading with FTMO?
Trading with FTMO has several benefits, including:
- Access to funding without risking your own capital
- Ability to keep a portion of the profits made
- Access to professional trading tools and resources
- Opportunity to trade with a reputable firm
Conclusion
FTMO is a popular proprietary trading firm that provides funding to traders who pass their evaluation process. Traders need to demonstrate their trading skills and risk management abilities by trading a demo account provided by FTMO. If traders pass the evaluation process, they will receive a funded account with FTMO, and they can start trading with real money. Trading with FTMO has several benefits, including access to funding without risking your own capital, the ability to keep a portion of the profits made, access to professional trading tools and resources, and the opportunity to trade with a reputable firm.
