Interesting stats that people who take the higher price challenges are more likely to pass. Why do you think that is? Maybe the more confident traders want to go for the bigger accounts straight away...
I think the reason is simple, If you are aiming for the higher accounts you are also putting more at risk for yourself so it's more likely that people will only do it when they feel ready and to be more disciplined in their challenge than lower amounts which have a lot of complete newbies trying to get funded quickly.
seems a perfect answer from FTMO to be honest, that answer will just push more people to buy the bigger challenges. would like to actually see the data!! why not put £1000 into your own personal account and get way better spreads
@@J.T.33 I agree the answer is convenient for FTMO, but it also makes sense to me as I see people who have tried before or are more prepared will feel more comfortable to go for larger challenges. In my view as long as what they say is correct (eg. not misrepresenting the data) and we believe them, then that is good as they are just stating a fact from their stats.
I've taken 25k, 50k, 100k & now 200k..the 200k is far easier to trade based on my personal trading style because I have more wiggle room to trade. I'd rather have a daily drawdown of 10k vs 1k
and how many funded traders keep their accounts longer than two or three months without violating something and losing them? As soon as a really good trader comes along who earns $20,000 per month, some of these prop firms will go insolvent because they won't be able to actually pay them. Remember, none of these prop firms actually place live market orders with their funded accounts. Everything is demo. Payouts come from all of the money that gets donated to them via the failed challenges.
imagine if ftmo takes the opposite side of all trades taken. I will make a ton of money since majority of people are losing money. just take the opposite side of the trade and you will win 90% f the time
I'm torn with the idea that the core of the business is to provide funding when most likely the core of their revenue is from challenge fees. I'm not questioning their intention and making money from that. But if the biggest source of money being generated isn't from the actual facilitation of funding and profit shares, then it seems like a smoke and mirrors statement. No shade is being thrown at them. I think what they doing is great, and helped me massively when I got funded. But feel it was all positive and didn't look at the more realistic stuff that happens.
@@Discipleofthelordandjesus nah. I think they link the accounts to funds after some time to ensure they are sound traders. This ain’t no Funding Talent trash concept 😅
Mate, greatly appreciate the video but.....you streaming from a ¨golden curtained¨ small @ss little hotel room, God knows where, is a bit off. On one hand, I greatly appreciate ¨real¨ people instead of over-produced social media nutt heads. On the other hand, you have consistenly mentioned a) that you are a greatly profitable trader for years b) then attempt to sell courses etc to ¨become YOU¨. (which failed). .I like you Etienne but feel you are lost. Delete this comment, as you have done with many negative feedback- I have a screen shot.
I very rarely delete comments unless they are spam. Thank you for the feedback but I don’t feel the need to justify the hotel rooms I stay in or anything material like that. All the best!
Gonna be ready for FTMO very soon, love from austria!❤️
Interesting stats that people who take the higher price challenges are more likely to pass. Why do you think that is? Maybe the more confident traders want to go for the bigger accounts straight away...
I think the reason is simple, If you are aiming for the higher accounts you are also putting more at risk for yourself so it's more likely that people will only do it when they feel ready and to be more disciplined in their challenge than lower amounts which have a lot of complete newbies trying to get funded quickly.
seems a perfect answer from FTMO to be honest, that answer will just push more people to buy the bigger challenges. would like to actually see the data!! why not put £1000 into your own personal account and get way better spreads
@@J.T.33 I agree the answer is convenient for FTMO, but it also makes sense to me as I see people who have tried before or are more prepared will feel more comfortable to go for larger challenges.
In my view as long as what they say is correct (eg. not misrepresenting the data) and we believe them, then that is good as they are just stating a fact from their stats.
@@J.T.33 your calculations is wrong, how much can you make with 1k Euro monthly with proper risk management?
I've taken 25k, 50k, 100k & now 200k..the 200k is far easier to trade based on my personal trading style because I have more wiggle room to trade. I'd rather have a daily drawdown of 10k vs 1k
Thanks E great interview !!
How can i contact peter? It Seems that a link doesn't work...
Wow. Great Etienne. I see you having your own prop firm too
Looks like the discount link doesn’t work
It works only if you never signed up with FTMO. If you have any technical questions, you can contact FTMO directly.
Did he say the best trader had 8 payouts in a row and 15 total??
time stamp?
@@avo-w1s 7:30 . Yes, that's a joke )
Thank you for the video! it was really helpful :) can I ask what is the special discount for joining FTMO link?
Description of the video
@@profraggle4737 Yes, but I couldn't see any difference in price for the sign up so I wanted to confirm :)
@@jkang7943 u should go 5ers like I did
Way Better scaling plan if u want to trade full time
@@profraggle4737 I saw their spread is tighter now, right? EURUSD was 0.5 average, now only 0.1.
Price on the link is the same. No discount
If you used your email address with FTMO before, the discount won't work. If it's a new email, it'll work. I just tested it.
Can you trade crypto? And if so can you hold overnight and over the weekends
Yes you can trade cryptos & they have a swing account especially for holding over the weekend but the leverage decreases from 1:100 to 1:30
Why would they not tell us how many funded traders they have? Any legitimate company will declare how many sales they done
Because they'd be embarrassed.. or should I say very few.. all traders are losers over time.
and how many funded traders keep their accounts longer than two or three months without violating something and losing them?
As soon as a really good trader comes along who earns $20,000 per month, some of these prop firms will go insolvent because they won't be able to actually pay them.
Remember, none of these prop firms actually place live market orders with their funded accounts. Everything is demo. Payouts come from all of the money that gets donated to them via the failed challenges.
@@ryankane9208 They're scam!
imagine if ftmo takes the opposite side of all trades taken. I will make a ton of money since majority of people are losing money. just take the opposite side of the trade and you will win 90% f the time
Its like a bingo hall.. they take a 20% cut and return the rest back to their customers.
I'm torn with the idea that the core of the business is to provide funding when most likely the core of their revenue is from challenge fees. I'm not questioning their intention and making money from that. But if the biggest source of money being generated isn't from the actual facilitation of funding and profit shares, then it seems like a smoke and mirrors statement. No shade is being thrown at them. I think what they doing is great, and helped me massively when I got funded. But feel it was all positive and didn't look at the more realistic stuff that happens.
That's exactly why they use demo accounts lol. Doesn't matter to me though as long as they payout.
I mean it’s why 95% of traders fail🙄. They make money off people failing that’s how this business works🤣
@@Discipleofthelordandjesus no doubt. I have no qualms with that, but glossing over it makes me feel meh.
@@ashleygarlic2975 I’m pretty sure that’s how they fund traders all the failures pay for it 😂
@@Discipleofthelordandjesus nah. I think they link the accounts to funds after some time to ensure they are sound traders. This ain’t no Funding Talent trash concept 😅
Anyone who says trade on our own platform, just run way! they manipulate the chart and hit your sl
Mate, greatly appreciate the video but.....you streaming from a ¨golden curtained¨ small @ss little hotel room, God knows where, is a bit off.
On one hand, I greatly appreciate ¨real¨ people instead of over-produced social media nutt heads.
On the other hand, you have consistenly mentioned a) that you are a greatly profitable trader for years b) then attempt to sell courses etc to ¨become YOU¨. (which failed). .I like you Etienne but feel you are lost. Delete this comment, as you have done with many negative feedback- I have a screen shot.
I very rarely delete comments unless they are spam. Thank you for the feedback but I don’t feel the need to justify the hotel rooms I stay in or anything material like that. All the best!