1)Wait 6-8 hours before taking a trade 2) Take consistent small risk 3)Don’t focus too much on the target -u will get free retake if you don’t hit ur full 10% profit target 4)Make sure ur 3 months profitable on live account with profit target of 8-10% 5)Have a daily routine and detailed trading plan 6)Make sure understand the objective and rules of ftmo 7)Take microlot in the first 10 days so you can pass the trading day rule
Please continue speaking at this pace. If people want it slow they can lower the speed themselves. Don't worry! Your content is excellent btw. For people that dislike it: I'm no native either and can understand perfectly. Take this opportunity to improve your listening skills. Matt speaks clearly and on point. Peace.
Thanks so much for the tips. Especially the 10 minimum trading days tips . Most of us waits for a clean and clear set ups. Which might make our trading days shorter. But you just gave an amazing tips there. Thank you ❤️❤️
You can pay for the challenge but the test only starts when you execute your first trade, so you can set everything up and wait for a nice A+ setup and take it as your first trade and start it of with a bang.
Yep absolutely, though the amount of people I know that get too tempted to trade once they've paid it and have the option to start it is un real at times! 😂
Thank you! Yeah I appreciate having to click the slow speed button is really annoying. I've tried to peg back to speed at which I talk in the more recent videos so hopefully that makes things a little easier
Thanks a lot for the video! I've thought about all the things you're talking about which is a great confidence boost as im working up to the challenge. An extra tip would be that if you're comming up short on the profit target by a lot and you only have a day or two left you can comfortably increase your risk to a precentage that still leaves you with a break even in the event that you lose the trade. You're not keeping any of the profits from the challenge anyways and you'll still get a free re-trial if you're in the green by just a penny. It makes no difference if you end up with 5% or 0.5% so might as well go out with a bang :D
I have question regarding the ftmo challenge. I have a £140000 account. When doing risk management would the 1% risk per trade be on the 140000 or on the 14000 which is the allowed loss for the challenge? Or 7000 which is the daily allowed loss? So I'm not sure which figure to base my 1% loss on
I'd advise the $100k account. The conversion rate is on our side atm. If you made 10% per month on the £70kGBP you'd make £84k profit, then £58.8k after FTMO cut 10% on the $100k account you'd make $120k, then $84k after FTMO cut. And $84k to £ at current exchange rate is just under £62k. So you'd make an extra £3k ish one the same profits if that makes sense. Of course all dependant on the exchange rate. But the $100k is also just nicer for the sheer fact of round figures!
@@MatttoMillion yeah i agree with you, however gbp is going to start getting strong now and i think maybe long term the £70k would be better, does the currency conversion make it more complicated when paying tax and getting accounts done by the accountant?
@@MegaZeb786 Yep that's true, just your own personal judgement on the choice really. Depends on how long you think the USD will stay this low for I guess. Currency conversion isn't so much an issue as you set with FTMO what currency to be paid in
10% Max loss limit thats the amount actually you have. as an example If you have a 100k Account and Max Limit is 10k ;you need to treat it like you have 10k not 100k when you hit 10% target thats a big achivement as making a 100% return and thats very very rare result in trading world if you can do that three time consistantly atleast. Challange and verification purely 70-30 luck and skill to pass but real deal is how long you can survive in funded account not how much you are making .
Of course, though my view point would differ. It depends on the type of trader you are and how consistent your WR and RRR is. If you're somebody that regularly loses 10, 1% risk trades on the trot or even 20, 0.5% risk trades on the trot, then there's an argument that you shouldn't be looking at a prop firm model at all or even trading any sort of large personal capital. If you are a trader who has at LEAST a 40%-50% win rate with a decent RRR and isn't somebody that piles multiple open trades a day, then there is no need to trade this like a 10k account. If you've got journalling data over 12-24 months where you've tracked your average WR and also longest losing streak and you're showing stats that support 40% + WR with a strong supporting RRR, then you shouldn't be concerned that you're going to blow this account. In challenge, verification, or funded. I take your point but your track record takes your 70/30 ratio and turns it on it's head. But I agree, if you're looking to earn 100% in 30 days, then 50% in 60 days, you may aswell not bother. But if you trade it as intended and you get funded, it's totally down to you if you want to trade that as a 10k account. Though as mentioned, I'd say if you have no data on your results over a decent time frame then don't bother. And if you're prone to losing 10-20 trades in a row regularly, then equally don't bother. But if your trade performance sits within the permitted boundaries, then why wouldn't you do it? Naturally on a personal 10k you wouldn't be risking an equivalent 10% risk per trade as you'd identify here but that's because you have 10k in the game. With the challenge your pay off is 500 quid. It just comes down to your style, consistency and risk appetite. It's something that if traded well can benefit (and has benefited) many, FTMO included but equally it's not a charity and you need to be on top of your figures.
Just don't rush it. The verification is the bit where you have time and a more than manageable target. If you've managed the first step you're pretty much there 💪
Absolutely! This one's quite an old video - I've tried to slow down in the more recent ones! This was ridiculously quick to be honest, even by my own perception! Thank you 🙏
loved this rap music video! can't wait for the lyrics to come out🔥
🤣 maybe Forex rapping could be the next Britain's Got Talent winner .. give Susan Boyle a run for her money 🤣
🤣 🤣 🤣 🤣 🤣 🤣
hahahhahahah
💀💀💀
🤣🤣🤣
Thanks for talking at the right speed, this is the first time I didn't have to watch a video on 2X speed
haha you're one of the only people that have actually preferred it!
1)Wait 6-8 hours before taking a trade
2) Take consistent small risk
3)Don’t focus too much on the target
-u will get free retake if you don’t hit ur full 10% profit target
4)Make sure ur 3 months profitable on live account with profit target of 8-10%
5)Have a daily routine and detailed trading plan
6)Make sure understand the objective and rules of ftmo
7)Take microlot in the first 10 days so you can pass the trading day rule
Trying to work that out myself!
I don't always watch 14 minute videos on this channel, but when I do, I get 10 hours worth of information...in 14 minutes.
Thanks Gene! Glad you got something from it 🙏
Hahahah I love this comment 😂 I actually prefer the fast talking
Amazing video as always! More power to you Matt!
Thank you 🙌🏻🙌🏻
Please continue speaking at this pace. If people want it slow they can lower the speed themselves. Don't worry! Your content is excellent btw.
For people that dislike it: I'm no native either and can understand perfectly. Take this opportunity to improve your listening skills. Matt speaks clearly and on point. Peace.
Best tip video I've seen so far! Thanks Matt!
Glad to hear it! Thanks Sanyu 🙏
I will listen this video before I place any trade order in FTMO.well explained also very clear
Thanks man - glad you enjoyed it 🙏🙏
Thanks Matt. Lots of value and loads of invaluable tips.
Glad you got something from it!
@@MatttoMillion Your channel is one of the very best from UK Forex traders, you deserve a lot more subscribers buddy.
Thanks for the tips. I love that you talk at the speed of a New Yorker and I don't have to set the vid at a higher speed.
haha you're one of the only people that have actually preferred it!
@@MatttoMillion I do to big ups
0.5%/trade until I have a buffer and then switching risk is better for me than when I was doing 1%/trade
Nice! yeah whatever works best for you! Never a one size fits all in this stuff!
Thanks so much for the tips. Especially the 10 minimum trading days tips . Most of us waits for a clean and clear set ups. Which might make our trading days shorter. But you just gave an amazing tips there. Thank you ❤️❤️
Glad you got something from it!
bro you can be a rapper lol, the way you talking so quick haha
😂 haha, yeah I got a bit out of breath watching it back!
You can put on 0.5 speed. Then looks normal
Excellent advice. Much appreciated!
Glad it was helpful!
thank you Matt, this is very helpful
🙏🙏
Thanks very helpful. I’m currently 0.50% in loss in my $100k challenge. Will take it slow.
Great stuff! Best of luck with it!!
You risk 0.5% per trade?
How's it been so far
I tend to risk 1% per trade but I scale up risk on certain milestones of profit in a given month
I had to check playback speed. That's good.
😂 yeah I didn't realise how fast I was speaking at the time for this one!
You can pay for the challenge but the test only starts when you execute your first trade, so you can set everything up and wait for a nice A+ setup and take it as your first trade and start it of with a bang.
Yep absolutely, though the amount of people I know that get too tempted to trade once they've paid it and have the option to start it is un real at times! 😂
I think your content is good and I would watch more of your videos if I wouldn't have to adjust the speed to 0.75 every time to make sense.
Thank you! Yeah I appreciate having to click the slow speed button is really annoying. I've tried to peg back to speed at which I talk in the more recent videos so hopefully that makes things a little easier
Thanks a lot for the video! I've thought about all the things you're talking about which is a great confidence boost as im working up to the challenge. An extra tip would be that if you're comming up short on the profit target by a lot and you only have a day or two left you can comfortably increase your risk to a precentage that still leaves you with a break even in the event that you lose the trade. You're not keeping any of the profits from the challenge anyways and you'll still get a free re-trial if you're in the green by just a penny. It makes no difference if you end up with 5% or 0.5% so might as well go out with a bang :D
Yep absolutely!! I completely agree ☺️ thanks for taking the time to comment! Have a fab new year
Great advice mate.
Glad you got something from it!
We can even trade those micro lots after echieving targets...
Depends on how long it takes you to reach your targets...
Men you are sharing so legit information
Glad you got something from it 🙌🏻
Matt to Million words per seconds. But thanks for the powerful information!
😂 glad you got something from it!
Great rap !!!
🤙🏻🤙🏻🤣
Set up the playback speed to 0.75x and thank me later
Great video, thanks for sharing these useful tips
Thank you 🙏
Where would you go to practice before taking the challenge?
You can use a trial account on FTMO
So what's your strategy?
Buy low sell high
"You could've shanked the market".. haha never heard it put like that, British slang makes me laugh sometimes.
🤣🤣
Oh, did I adjust the playback speed to 1.5X?
😂😂🙏
Love this!
Thank you 🙏
Please slow down.. thank you for the info!
Noted - thank you 🙏🙏
my leader, how many trades can one open at a point in time and are the use of robot allowed (such as smart chats)?
Not sure on total trades as it will depend on size of trade but yes bots are allowed, you just need to clear it with them first
do you know if you get only one retry ? or can you get more than one if you are still profitable but didn't hit the target multiple times ?
Unlimited retries with FTMO providing you end in any profit and don't violate any other objectives
Great video. Yes 10k
Thanks a lot 🙏🙏👍
Y'all need to stop whining. Listen faster. Or slow down the video. Sheesh🙄 Stellar content, Matt!
😂 Appreciate this!
hi Matt, which broker you use to fund your 100k account?
Just FTMO standard
FTMO maybe an option if they drop their news and weekend rules. Other firms don't have them and will take over if they don't change.
For sure - it's certainly feeling like the tide is changing
What are those rules?
Mff is better than ftmo
hold up, did you just say if you fail to reach the target but was able to be profitable you get a FREE retake on the challenge?
Providing you didn't violate any of the other objectives (daily and max dd + trading days) - yep
Thanks 👍🏾
🙏🙏
I have question regarding the ftmo challenge. I have a £140000 account. When doing risk management would the 1% risk per trade be on the 140000 or on the 14000 which is the allowed loss for the challenge?
Or 7000 which is the daily allowed loss? So I'm not sure which figure to base my 1% loss on
On the 140,000
Hi, Can we use any platforms when we do FTMO?
You can chart separately but you need to be aware of the difference in price to the chart you're using and the broker price on FTMO.
id recommend some CC, but good video. you talk very fast
Thank you 🙏 yeah this one I spoke way too fast
Yes
🙏
Woow
🙌🏻🙌🏻
Wait so when you pay for the challenge, you can start the same day?
In the vast majority of cases, yes. It's far more automated than it used to be for getting the challenge login credentials
So true
🙏
How is free re take allowed?
If you don't violate the trading objectives and still finish in profit (but don't manage to hit the profit target)
What if you use a demo account to see if you can make 10%
Yes please make the tax video on ftmo in the UK
👍🏻 Yep, tax ones are in the pipe and one should be released at the weekend and the second one mid next week
are you in a rush to get somewhere?
😂 Yeah, I didn't realise how fast I was speaking until I watched it back - am trying to slow it all down as the videos go on!
Good tips
Thanks man 🙏
As someone from the UK would you advise to get a £70k (GBP) account or a $100k (USD) account?
I'd advise the $100k account. The conversion rate is on our side atm.
If you made 10% per month on the £70kGBP you'd make £84k profit, then £58.8k after FTMO cut
10% on the $100k account you'd make $120k, then $84k after FTMO cut.
And $84k to £ at current exchange rate is just under £62k. So you'd make an extra £3k ish one the same profits if that makes sense.
Of course all dependant on the exchange rate. But the $100k is also just nicer for the sheer fact of round figures!
@@MatttoMillion yeah i agree with you, however gbp is going to start getting strong now and i think maybe long term the £70k would be better, does the currency conversion make it more complicated when paying tax and getting accounts done by the accountant?
@@MegaZeb786 Yep that's true, just your own personal judgement on the choice really. Depends on how long you think the USD will stay this low for I guess. Currency conversion isn't so much an issue as you set with FTMO what currency to be paid in
I use software to make this slower...
👌 👌
free retake is given for verification phase as well ?
Yes but only if you don't violate any objectives and still land in profit. But it will be a full retake (so you need to back to the challenge stage)
@@MatttoMillion ok, that's what I originally thought, back to square one.
But can't complain about something "free"
Matt Brother. Where art thou😟?
😂 just can't seem to get back into a routine of making videos!! Will try and return ASAP
@@MatttoMillion Looking forward to your return mate. Keep well
10% Max loss limit thats the amount actually you have. as an example If you have a 100k Account and Max Limit is 10k ;you need to treat it like you have 10k not 100k when you hit 10% target thats a big achivement as making a 100% return and thats very very rare result in trading world if you can do that three time consistantly atleast. Challange and verification purely 70-30 luck and skill to pass but real deal is how long you can survive in funded account not how much you are making .
Of course, though my view point would differ.
It depends on the type of trader you are and how consistent your WR and RRR is. If you're somebody that regularly loses 10, 1% risk trades on the trot or even 20, 0.5% risk trades on the trot, then there's an argument that you shouldn't be looking at a prop firm model at all or even trading any sort of large personal capital.
If you are a trader who has at LEAST a 40%-50% win rate with a decent RRR and isn't somebody that piles multiple open trades a day, then there is no need to trade this like a 10k account. If you've got journalling data over 12-24 months where you've tracked your average WR and also longest losing streak and you're showing stats that support 40% + WR with a strong supporting RRR, then you shouldn't be concerned that you're going to blow this account. In challenge, verification, or funded.
I take your point but your track record takes your 70/30 ratio and turns it on it's head.
But I agree, if you're looking to earn 100% in 30 days, then 50% in 60 days, you may aswell not bother.
But if you trade it as intended and you get funded, it's totally down to you if you want to trade that as a 10k account.
Though as mentioned, I'd say if you have no data on your results over a decent time frame then don't bother. And if you're prone to losing 10-20 trades in a row regularly, then equally don't bother.
But if your trade performance sits within the permitted boundaries, then why wouldn't you do it? Naturally on a personal 10k you wouldn't be risking an equivalent 10% risk per trade as you'd identify here but that's because you have 10k in the game. With the challenge your pay off is 500 quid.
It just comes down to your style, consistency and risk appetite. It's something that if traded well can benefit (and has benefited) many, FTMO included but equally it's not a charity and you need to be on top of your figures.
Good advice
Thank you 👊
bro speaks faster than my wifi omg
😂😂
FIRE
🙏🙏
he's speaking fast but its clear as ice, those complaining are probably Americans lool
😂🙏🙏
Damn, bro speaks so fast!!!!!!
I get exhausted listening to that back!
Great vid, look forward to the tax video. Also started 2 new 100k challenges. May the markets be with me!!
Thanks Reman - appreciate the support 🙏 🙏 and good luck with your challenges man! Smash it 👊👊
Hi @Reman Balak, you said you could start 2 new 100k simultaneously?
@@daniellive590 you can do all 3 challenges at the same time if you want
I was gonna tell you that you're talking to fast lol but the rest of the comments did it for me lol
🤣
Yes please ,100000
🙏
Yes 10k sir let’s go and please speak lit bit slower we are not all natives 🙃
Of course - I got a bit carried away on this one 😂
Yeah, going for a $50,000 challenge
Play speed at 0.75 and it will be normal. I hope he got away from whoever was chasing him.
😂 still running! Mainly from my responsibilities.
@@MatttoMillion 😂😂😂😂 now I get the speed! Very informative and trust me, I've learnt from all 5.
I just passed 80k € 1. step :D
Nice one!! 👏👏
@@MatttoMillion Thanks! Currently in a little drawdown at 2nd step. but yeah it will be good
Just don't rush it. The verification is the bit where you have time and a more than manageable target. If you've managed the first step you're pretty much there 💪
And did you get funded😇😇🙏
@@Corehardstyle472 yes!
I thought the video fast forward
😂
Funded trader gang!!!
🔥 🙏
I wished I could slow this down. You seem to be rushing to meet a time limit. You are talking so fast 🙁
This is the worst video in terms of speed - I've slowed down since 😅
slim shady doin fx
🤣🤣
great video, wow how fast you speak.
haha, thanks Zack! 🙏
are you now a Millionaire ?
Yes.
You need to lay off the speed bro
Agreed, this was the worst one for that. I've tried to peg it back since!
I found the verification harder..im surprised you didn't cover any mindset when taking these challenges
Hey Matt Can u speak little bit slower , your info is great
but I am not so smart like u to catch 100 words per minute :)) cheers
Absolutely! This one's quite an old video - I've tried to slow down in the more recent ones! This was ridiculously quick to be honest, even by my own perception! Thank you 🙏
Yes 100k
👍
bro.. really good video. but you are speaking tooooo fast...😀
🤣🤣 yeah, this was by far my worst one for speaking too fast.. I started pegging it back from then on! Even I struggle to listen to myself back here 😨
Slow down Matt this isn't Tiktok haha you have all the time in the world to explain love lol
😂 Yeah am trying to slow down with each one I release 😂
Haha all good. Love the video
@@niaajre Thanks a lot 🙏
Why re u speaking so fast.. ?
I've always spoken to fast, just a bad natural habit. I've tried to slow down in the more recent videos!
Great content. Can you speak a lil slower please ..
Noted!
This guy should start a Rapping career
I'm open to offers 🤣
Talks very fast lol. Thanks for the content tho
Yeah this was my worst one for speed! Thank you 🙏🏻
100k challenge
👍
can you speak a lil faster please?
🤣
Why is this guy speaking so fast?
My thoughts exactly. The guys an idiot!
You're speaking too slow, speed it up mate 😁
🤣🤣
HELLO
I JUST WANT YOU TO KNOW THAT YOU SPEAK TO FAST I CANT CONCENTRATE ON WHAT YOU ARE SAYING ! EVEN IF THE CONTENT HAS VALUE .
Noted. this was by far the quickest one. I may record a new video on this speaking slower
Damn! Is this guy on fast forward? Take a breath and slow down. Just can't do this guy
0.75 x speed
🙏
Please can you slow down a little bit 😂
yeah, this was the worst one 😂
wow wow slow down
🤣 sorry man, got carried away!
Slow down the talking please
Noted!
Please speak bit slowly 😨😨
This is the worst one - I apologise 🙏
Can you please, for the love of all things holy, slow down!!!!!
Yeah, working on it Sharon! Terrible habit of mine. I've tried to peg it back in more recent videos!
You can slow it down by going into the video options.
You talk too fast bro...slow down
Yeah I slowed it down in the latest videos 😁
Can you please talk little bit faster bro i really fall in sleep listen to you and i must listen to the speed of 2times wheni play this video :)
😂😂 I'll have an extra coffee before the next one 😉
Herh why 💸😂you talk too fast I’m trying to play in slowmo
Yeah this one is the worst one for the speed of me talking lol I've tried to slow own in the latest vids!