Passing the FTMO 100k Challenge requires traders to demonstrate consistent profitability and risk management while adhering to strict trading rules and guidelines.
Here are some tips that can help you pass the FTMO 100k Challenge:
Understand the trading rules:
Before you start trading in the FTMO 100k Challenge, it’s essential to understand the trading rules and guidelines set by FTMO. Make sure you have a good understanding of the risk management rules, maximum loss limits, and profit targets.
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Develop a solid trading plan:
A solid trading plan is crucial for achieving consistent profitability in the FTMO 100k Challenge. Make sure your trading plan includes entry and exit rules, risk management strategies, and a clear plan for managing drawdowns.
Stick to your plan:
Once you have developed a trading plan, it’s essential to stick to it. Avoid making impulsive trades or deviating from your plan based on emotions or market conditions.
Use proper risk management:
Risk management is a crucial aspect of trading, and it’s especially important in the FTMO 100k Challenge, where maximum loss limits are in place. Make sure you use proper risk management techniques, such as setting stop losses and limiting your position sizes.
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Discipline is critical in trading, and it’s essential to stay disciplined and focused throughout the trading period. Avoid overtrading, sticking to your plan, and maintaining a level head, even during periods of drawdown.
Keep a trading journal:
Keeping a trading journal can be beneficial in helping you analyze your trading performance and identify areas for improvement. Make sure you track your trades, including entry and exit points, profit and loss, and any mistakes or areas for improvement.
By following these tips and staying committed to your trading plan and risk management strategies, you can increase your chances of passing the FTMO 100k Challenge and becoming a funded trader with FTMO.
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ftmo 100k challenge fee
Challenge is a trading challenge offered by FTMO that requires traders to reach a profit target of 10% within 60 days. The challenge offers a trading account with a maximum loss limit of $1,000 per day, and traders must adhere to strict risk management rules throughout the trading period.
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The fee to participate in the FTMO 100k Challenge is a one-time payment of $540. This fee covers the costs of setting up the demo trading account, providing access to the trading platform, and evaluating traders who successfully complete the challenge.
If a trader successfully completes the challenge and meets the evaluation criteria, they will be offered a fully-funded trading account with FTMO, which typically ranges from $100,000 to $500,000, depending on the challenge selected.
It is important to note that the fee for the FTMO 100k Challenge is non-refundable, even if a trader does not meet the profit target or fails to complete the challenge within the 60-day period.