I’ve handed an FTMO demo problem. Whereas it is only a demo problem, for me, it appears like a pivot or reversal level in my profession as a foreign exchange dealer. Listed below are three issues that stand out to me:
1/ Account Development: That is the sixth account in my buying and selling journal since 2022, and the second account in 2024.
The primary 4 accounts didn’t present constant outcomes. A few of them went up somewhat, others down barely, however general, I didn’t really feel any sense of stability between them.
Nevertheless, the final two accounts have been totally different. They confirmed consistency. Each had constructive outcomes, and my most up-to-date account handed the demo problem.
Whereas it’s arduous to say I’ve totally grow to be a worthwhile dealer, it does point out that I’m on the suitable path.
2/ 19 Trades to Move the Demo Problem: To move this demo problem, I made 19 trades. There are a lot of methods on the market for passing funding challenges.
A few of them work on possibilities, however I don’t precisely understand how they operate.
From what I collect, these methods usually contain making massive trades to succeed in the goal revenue, adopted by smaller trades to satisfy the required commerce numbers.
My objective isn’t simply to move the funding problem—I additionally need to generate profits as soon as I obtain a funded account.
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3/Consistency in Technique: I’m nonetheless studying how one can preserve consistency in my buying and selling. I adopted a set cash danger technique, that means I danger a set sum of money on every commerce.
Nevertheless, I confronted challenges with my revenue targets. Typically the worth would strategy my goal, solely to reverse, leading to a break-even commerce. Different instances, the worth would hit my goal after which proceed to rise drastically.
Each situations left me feeling annoyed.
How can I repair this? I requested myself, and this time, I made a decision to implement a set Danger Reward Ratio.
By utilizing a set setup, there was no have to overthink when the worth didn’t contact my goal or when it behaved erratically after touching it.
My thoughts turned clearer and extra targeted.
I hope that sooner or later I can write an in depth publish to share how I turned a constant and worthwhile dealer.
I do know it is going to be a difficult journey, however I’m prepared for it.
This market has given me a lot, and I actually need to give one thing again.
Thanks for taking the time to learn this. See you quickly!
My demo account is right here: https://dealer.ftmo.com/metrix?share=8e437370a97b
