If you are looking for a forex trading platform that comes with a bag of goodies, then you should read this FTMO review. It offers a lot of different benefits than other forex trading platforms, including a capital scaling plan and a standard 80/20 profit split. It is also free for beginners. FTMO has two types of accounts available for forex trading. The standard account allows you to manage up to 400,000 USD and has a high leverage ratio of up to 1:10. There is also an aggressive account, which allows you to make larger losses and increase your target profit. The FTMO website lets you choose which account type is right for you based on your risk level and account balance.
FTMO Is A Forex Trading Platform
The FTMO is a forex trading platform that offers a wide variety of features. It can be used to trade currencies online, and it also allows you to download expert advisors and trading indicators. It is available in multiple platforms, including MetaTrader 4 and MetaTrader 5, as well as cTrader. It has received a high rating on Trustpilot and has received several positive reviews from traders. The fees for an FTMO account vary depending on the size of the account and the amount of risk you want to take. Higher risk accounts will be charged a higher fee. As an alternative, you can also try out FTMO’s free trial version of the platform and its supporting applications.
There are also unique features for traders who use FTMO review. Traders can access unique trading tools, such as an economic calendar, to monitor market trends. They can also use the platform’s trading app and mentor application, which help them monitor their performance. FTMO also provides a Metrix section, which keeps track of every trade performance. It also shows you how big or small your account is, the date and time of each trade, and the platform that you’re using.
The FTMO platform offers various types of accounts, ranging from $10,000 to $200,000. Each of these accounts has different trading rules, minimum and maximum daily losses, and profit targets. The most aggressive type of account allows you to make bigger losses, while the lowest risk type allows you to make smaller losses. The normal account is cheaper and provides an initial balance of $10,000.
Trader Career Path
The Trader Career Path with a funded trading accounts program offers a systematic roadmap for traders to follow as they grow. The program allows you to track your development over time, and as you become more proficient, you can upgrade your account to the next level. Eventually, you can build up to a $200,000 account. This plan has three steps that you can follow as you progress. First, you must have a trading account with a minimum of $20000. You will then be given an evaluation. You must make a profit of about 13% of your total profit goal to be eligible for funding. You will also need a stop loss order in place.
You can upgrade your funded trading account after reaching your profit target. There are three steps to the Trader Career Path with a funded trading account. The first one is the Virtual Starting Capital Trader Evaluation, where you need to trade for fifteen days. After you complete the evaluation, you can upgrade your account to a $200k trading account.
Conclusion
Once you have a funded trading account, the next step is to choose the securities that fit your trading profile. You should also decide on whether you want to become a self-funded trader or use another person’s money. With both of these options, you have the option of using a funded trading account or a proprietary account. The main difference between the two is that a self-funded account will allow you to trade with your own money, while a funded account allows you to trade with other people’s money.
