Nice content :-) But I'm missing one crucial point: Psychology. I've attended 13 FTMO challenges this year. 6 passed, 7 failed. Good result. Totally OK by me... Out of 6 verifications (yes...that verification requiring only half profit in double time then challenge) I've screwed up 5. Keep in mind - your worst enemy is yourself.
Started watching back all the day in the life from lockdown, the quality and dedication you have to both your trading and the members is amazing keep it up brother.
Honestly Pal, one of the realest people in this industry and giving valuable information for these people who truly want to make it. I think another Tip you could’ve mentioned is only spend what you can afford to lose with funded accounts because i know how much it could hurt if younger people spend all there savings on one challenge and fail and then get put off trading. Personally I’ve took a 5k and 20k since i’m comfortable with losing that money aside rather than a 50 or 100k. Great video 👑
What’s the rules after you get the account ? Do you have a monthly target that must be hit or can you trade whenever you feel like without hitting any monthly goals .
thanks for the video buddy. Great Tips! Do you know what leverage they allow you to use for crypto on the swing account? and from my understanding you can still open crypto trades on weekends for the normal account? but just to be within the news restrictions, is that correct? cheers
had a question regarding which currency to take the challenge in. If i take the max challenge in pounds, the account size will be £140,000 and cost me 1080 euros. If i take it in dollars however (200k account) thats converts to £180,000, so an extra '40,000' in capital, yet still costs 1080 euro. Have you had to consider this?
@@SamKBTrading yh ive just done a bit more digging contacting ftmo and my bank; there is an exchange fee banks charge to convert the usd to gbp once you recieve a payout (3.5% premium of current rate) but would still be the better option
I disagree with the video. Undertaking a challenge for as little as $89 for a five grand account, gives a trader strict parameters and 30 days to operate within them, probably for the first time. This provides a framework to benchmark yourself for very little outlay. It promotes risk money management and gives a deadline so you are forced to take trades, as opposed to going into analysis mode for six days when you get a string of losers. Secondly, the backtesting idea is problematic, as this doesn't represent actual live trading and is not representative of how trades will be selected, time of day, and a million other factors and errors which occur during trading day to day. Take the challenge for a tiny outlay, and force good habits with enough on the line to make it meaningful. That's my advice.
Hi Sam , just wondering why your channel name has changed from Sam KB Trading to Sam KB , also last year you were pushing KB as a prop firm, but now that seems to be you now pushing other prop firms instead .. Also your Myfxbook shows an absolute drawdown of over 10% , you have a good profit factor of 2.01 but this happens when people hold on to losers , I have watched all your videos for the last couple of years so am asking why the change of direction? Myfxbook also shows a negative pip count with positive profit , which suggests increasing lot sizes on FX , unless you are trading gold / crypto which could explain the pip difference.
Nice content :-) But I'm missing one crucial point: Psychology. I've attended 13 FTMO challenges this year. 6 passed, 7 failed. Good result. Totally OK by me... Out of 6 verifications (yes...that verification requiring only half profit in double time then challenge) I've screwed up 5. Keep in mind - your worst enemy is yourself.
Started watching back all the day in the life from lockdown, the quality and dedication you have to both your trading and the members is amazing keep it up brother.
Thank you so much man! 🤝
God bless
Honestly Pal, one of the realest people in this industry and giving valuable information for these people who truly want to make it. I think another Tip you could’ve mentioned is only spend what you can afford to lose with funded accounts because i know how much it could hurt if younger people spend all there savings on one challenge and fail and then get put off trading. Personally I’ve took a 5k and 20k since i’m comfortable with losing that money aside rather than a 50 or 100k. Great video 👑
Thank you so much Ryan, great addition!
God bless
Excellent points on applying probabilities twds passing/failing acct challenges, I hadn't thought of it this way and makes a lot of sense.
It’s simple when you hear it, it was actually one of our traders who pointed me to this!
God bless
Thanks for the video Sam. Helping us all to learn and improve.
What's your style of trading ( scalp, day trading or swim ) ?
Do a FTMO payout video?? That would be sick
Why would it be sick? Please explain
@@Lahoria9 motivational purposes Abdul nonce Rehman lmao
@@The_business_Podcast that’s a shame, if you check the description I literally have a live Myfxbook…
What’s the rules after you get the account ? Do you have a monthly target that must be hit or can you trade whenever you feel like without hitting any monthly goals .
Once funded you do not have any targets
How do I backtest the last 5 years? I can only backtest the last 6 years using tradingview on the 5 min timeframe.
4:13 the video starts
Nice tips sam!
Which copy trader are you using for ftmo?
Hi, i have a question. I made a profit of my 300€ first ftmo day. But i still have a red cross there. Even if i'm 300+
What is the reason?
Great tips!
Glad it was helpful!
News doesn’t matter when your passing the challenge anyway .
thanks for the video buddy. Great Tips! Do you know what leverage they allow you to use for crypto on the swing account? and from my understanding you can still open crypto trades on weekends for the normal account? but just to be within the news restrictions, is that correct? cheers
You can open trades on weekend and even the spread on news doesnt change when you have a swing account, but the leverage is too low
how it's possible to active the trade copiers?
wheres the myfxbook link?
3rd link man,
God bless
Great advice
your quality🔥
btw when is the next day in the life coming?
Thanks man!
God bless
Great video as usual. What crypto projects are you mainly allocating funds to at present?
Video coming soon!
Hey man. Great video! You mentioned trade copier, do you have any recommendations for a good one?
The social trader tools is the one I recommended here.
God bless
Which program is best for a trading journal?
notepad works, you can download any traders excel sheet and just overwrite it, no one will know
Wait Sam, so I'm able to buy two different challenges on FTMO?
Yes you can
had a question regarding which currency to take the challenge in. If i take the max challenge in pounds, the account size will be £140,000 and cost me 1080 euros. If i take it in dollars however (200k account) thats converts to £180,000, so an extra '40,000' in capital, yet still costs 1080 euro. Have you had to consider this?
With the current exchange rate, 200k USD = 180k GBP.
So technically you’re gaining 40k yes.
It’s a smart move man.
@@SamKBTrading yh ive just done a bit more digging contacting ftmo and my bank; there is an exchange fee banks charge to convert the usd to gbp once you recieve a payout (3.5% premium of current rate) but would still be the better option
completely missed that trick!!
This was great
Hello sir this is teja from India I am planning to come to uk for study purpose can i join your course and can i get u support..?
I disagree with the video. Undertaking a challenge for as little as $89 for a five grand account, gives a trader strict parameters and 30 days to operate within them, probably for the first time. This provides a framework to benchmark yourself for very little outlay. It promotes risk money management and gives a deadline so you are forced to take trades, as opposed to going into analysis mode for six days when you get a string of losers.
Secondly, the backtesting idea is problematic, as this doesn't represent actual live trading and is not representative of how trades will be selected, time of day, and a million other factors and errors which occur during trading day to day. Take the challenge for a tiny outlay, and force good habits with enough on the line to make it meaningful. That's my advice.
u get free retries and 10% monthly isnt so crazy.
Hi Sam , just wondering why your channel name has changed from Sam KB Trading to Sam KB , also last year you were pushing KB as a prop firm, but now that seems to be you now pushing other prop firms instead ..
Also your Myfxbook shows an absolute drawdown of over 10% , you have a good profit factor of 2.01 but this happens when people hold on to losers , I have watched all your videos for the last couple of years so am asking why the change of direction? Myfxbook also shows a negative pip count with positive profit , which suggests increasing lot sizes on FX , unless you are trading gold / crypto which could explain the pip difference.
you studying this man more than the charts lol
Great video although myforexfund is much better than FTMO