I’ve handed an FTMO demo problem. Whereas it is only a demo problem, for me, it looks like a pivot or reversal level in my profession as a foreign exchange dealer. Listed here 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 a little bit, others down barely, however general, I didn’t really feel any sense of stability between them.
Nevertheless, the final two accounts had been totally different. They confirmed consistency. Each had constructive outcomes, and my most up-to-date account handed the demo problem.
Whereas it’s onerous to say I’ve totally grow to be a worthwhile dealer, it does point out that I’m on the proper path.
2/ 19 Trades to Cross 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 chances, however I don’t precisely know the way they perform.
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.
3/Consistency in Technique: I’m nonetheless studying learn how to keep consistency in my buying and selling. I adopted a set cash danger technique, which means I danger a set amount of cash on every commerce.
Nevertheless, I confronted challenges with my revenue targets. Typically the worth would method my goal, solely to reverse, leading to a break-even commerce. Different occasions, the worth would hit my goal after which proceed to rise drastically.
Each eventualities left me feeling pissed off.
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 must overthink when the worth didn’t contact my goal or when it behaved erratically after touching it.
My thoughts grew to become clearer and extra centered.
I hope that someday I can write an in depth publish to share how I grew to become 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 really 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
