General Tips to pass FTMO challenge on first attempt

[serano]

Hello guys, here are a view tips to pass your challenge on your first attempt.
1) Read and write down FTMO Rules.
2) Create a trading plan. A trading plan will help you with a lot of things like, the strategy that you'll use when you trade, the stoploss amount that you are willing to risk, which session you'll trade, etc.
3) Register a FTMO demo account to practice on and treat it like you are taking your challenge.
4) Be patient, follow your rules and wait for setups to enter trades.
5) Journal all your trades and write down every trade that you take. How you felt before, during and after each trade. Did the trade win/ lose. What was the reason for the loss.
6) Never give up and learn every day

I know new traders do not want to hear the above advice... I was like that long ago, but since I change my results started to change. Making fast money on forex is possible, but trading aggressive is risky and you can lose all your money in minutes. Fools rush in.

I hope this advice was helpful.

 

[Kytaine]

Thank you!! useful tips. currently on a challenge.

 

[hahaha]

Thank you so much for your tips. It is very useful for me.

 

[MACKYO]

Thank you for the tip.I will use it when I start the challenge

 

[Sputnik100]

Hello guys, here are a view tips to pass your challenge on your first attempt.
1) Read and write down FTMO Rules.
2) Create a trading plan. A trading plan will help you with a lot of things like, the strategy that you'll use when you trade, the stoploss amount that you are willing to risk, which session you'll trade, etc.
3) Register a FTMO demo account to practice on and treat it like you are taking your challenge.
4) Be patient, follow your rules and wait for setups to enter trades.
5) Journal all your trades and write down every trade that you take. How you felt before, during and after each trade. Did the trade win/ lose. What was the reason for the loss.
6) Never give up and learn every day

I know new traders do not want to hear the above advice... I was like that long ago, but since I change my results started to change. Making fast money on forex is possible, but trading aggressive is risky and you can lose all your money in minutes. Fools rush in.

I hope this advice was helpful.

Thank you for the pointers

 

[john90]

Thank you for the great tip

Thank you so much for your tips. It is very useful for me.

very helpful

 

[Mefiu007]

Thank You for this. It looks very helpful. Next moth I'll try challenge

 

[areyalp]

Hello guys, here are a view tips to pass your challenge on your first attempt.
1) Read and write down FTMO Rules.
2) Create a trading plan. A trading plan will help you with a lot of things like, the strategy that you'll use when you trade, the stoploss amount that you are willing to risk, which session you'll trade, etc.
3) Register a FTMO demo account to practice on and treat it like you are taking your challenge.
4) Be patient, follow your rules and wait for setups to enter trades.
5) Journal all your trades and write down every trade that you take. How you felt before, during and after each trade. Did the trade win/ lose. What was the reason for the loss.
6) Never give up and learn every day

I know new traders do not want to hear the above advice... I was like that long ago, but since I change my results started to change. Making fast money on forex is possible, but trading aggressive is risky and you can lose all your money in minutes. Fools rush in.

I hope this advice was helpful.

Very useful tips for manual trading, not only useful for FTMO but for any broker

 

[ahmed1233]

Thank You for this. It looks very helpful. Next moth I'll try challenge