Trading Tips

A Few Reasons to Start Trading Forex

Do you want to become a professional trader, or simply make some extra profits while keeping your job? Forex trading offers exciting opportunities; however, many traders face pitfalls such as insufficient funds or poor risk management. As the market leader in the modern prop trading industry, FTMO provides solutions to help traders overcome these challenges and achieve better results.

Bigger Account, Bigger Rewards

One of the biggest problems for retail investors and Forex traders is the lack of capital. Almost all of us have experienced this, and we also know that it is impossible to achieve good results with a small account. If you want to trade safely with reasonably set SL and TP levels, a small account won’t get you very far. For example, with an account size of $7,500, a monthly profit of 10% (which is achievable but not easy) means $750. While that may be interesting for some, it is, of course, impossible to make a living from. Moreover, any reasonable trader knows that achieving 10% or more per month is certainly not easy.

Now let's imagine you would be able to earn 10% on an account size of $200,000, that’s $20,000 in profits—a very attractive amount, enough to make a comfortable living.

Those of you who can achieve similar results several times a year may aim to trade more consistently. If the FTMO Verified Prop Trader performs well over the long term, they can receive up to 90% as a monetary reward from the simulated profits generated. And for those who don’t aim that high, the FTMO Rewards Account can still be a great way to earn extra money while keeping a job. Even with a conservative approach, you can get substantial rewards from a simulated account size of around $100,000 to $200,000.

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Simulated Account, Your Psychological Edge

Another benefit of simulated trading with a modern prop trading firm like FTMO, from a psychological standpoint, is that you are not required to risk your own money. As a result, you don’t have to worry about losing your own savings. Some may see this as an opportunity for reckless risk-taking, which is why our FTMO Challenge is not offered free of charge. If someone wants to make big money, they should be willing to invest at least a small amount of their own funds. However, unlike with some other companies, at FTMO you only pay a one-time fee and don’t have to cover any additional monthly fees. When you pass our Evaluation Process and receive an FTMO Rewards Account, you will trade exclusively in a simulated environment without risking your own funds. The challenge fee is refunded with your first withdrawal.

Direct Market Access

Another advantage, which may not be apparent at first glance, is FTMO’s Proprietary Solution, which is based on internal pricing feeds designed to closely simulate institutional liquidity conditions. This allows us to provide our clients with the best simulated trading conditions and spreads to closely mimic real market conditions.

Discipline as the Basis for Success

By following clear and strict rules, we teach you to maintain the discipline that is the foundation of successful trading. At first glance, the rules may seem strict, but the conditions are fair, as the Maximum Loss and the required profit are in a 1:1 ratio. This setup reduces the need for overtrading and overleveraging in an attempt to chase quick returns or recover large losses.

Traders with sound risk and money management strategies can profit over the long term using whichever trading approach suits them best. It doesn’t matter if you are a scalper, an intraday trader, a swing trader holding trades for several days, or a position trader holding for weeks. The FTMO Solution supports all styles, including those who use Expert Advisors. As an added bonus, the discipline you build through trading Forex often translates into better decision-making in everyday life.

Trading Platform and FTMO Tools

We offer MetaTrader 5, a trusted and widely used platform that provides fast order execution, advanced order placement, and a broad range of technical analysis features. Its user-friendly interface and stability make it a preferred choice for both discretionary and algorithmic trading.

In addition to the platform itself, FTMO provides tools and services designed to support your progress. Built-in reporting features and the Trading Journal give you a clear overview of your performance and help you analyse past trades. The Equity Simulator allows you to test probability-based strategies as well as money and risk management approaches, helping you refine your trading discipline.

Account Analysis and Performance Coaching

A detailed analysis of your trading account provides valuable feedback that helps you correct mistakes and refine your approach. This is one of FTMO’s core benefits, aligned with our mission of educating traders and helping them improve.

An additional benefit, rarely found elsewhere, is access to our performance coach. Since psychology is one of the most critical factors in trading success, FTMO offers FTMO Verified Prop Traders the opportunity to consult with our coach. These sessions can help you identify limiting habits and offer solutions to eliminate unwanted trading behavior.

Achieving consistent results in Forex is not easy, which is why we are always developing new ways to help you grow—by increasing your access to simulated capital, improving your trading skills, and strengthening your risk management. Your success, in turn, motivates us to continue enhancing our services and solutions.

All information provided on this site is intended solely for educational purposes related to trading in financial markets and does not constitute a specific investment recommendation, business advice, investment opportunity analysis, or any other form of general recommendation regarding the trading of investment instruments. FTMO provides only simulated trading services and educational tools for traders. The information on this site is not directed at residents of any country or jurisdiction where such distribution or use would violate local laws or regulations. FTMO companies do not operate as brokers and do not accept any deposits.

About FTMO

FTMO has developed a two-step evaluation process to find trading talents. Upon successful completion, you may be eligible for an FTMO Rewards Account with a balance of up to $200,000 in simulated funds. How does it work?