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“Trading For A Prop Firm” Advice From FTMO
In episode 313 of the Desire To Trade Podcast, I sit down with Pavel from FTMO to discuss news & update of the firm. He shares more about trading for a prop firm as a Forex trader. This advice is very valuable if you aspire to get a funded trading account and trade for a prop firm full-time.
In This Episode, You'll Learn…
- [0:00] Start
- [0:15] Introduction
- [0:37] What has happened inside FTMO since the last interview Etienne did with them
- [2:02] Quick overview of what FTMO does
- [4:08] What differentiates FTMO vs other prop firms
- [5:52] Interesting statistics from the FTMO challenge participants
- [7:38] Important rule changes on FTMO challenges and funded accounts
- [10:17] How FTMO funded trader performance coaching works
- [11:18] Why it's important to have the right support for traders
- [12:12] What are the key obstacles for traders to get funded
- [13:10] What Pavel sees as a key factor to succeed in trader funding challenges
- [14:19] How traders adjust differently when trading larger funds
- [15:14] Why traders aiming for larger funded accounts tend to be more likely to pass the challenge
- [16:35] Pavel's recommendation on backtesting your strategy before starting your challenge
- [19:09] How to find FTMO
- And much more!
What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group!
Resources Mentioned
- Earn up to 200K USD in Trading Capital by taking the FTMO challenge. (Use our link to get a 5% discount)
- FTMO Blog
DesireToTRADE's Top Resources
- DesireToTRADE Forex Trader Community (free group!)
- Complete Price Action Strategy Checklist
- One-Page Trading Plan (free template)
- Recommended brokers:
- Desire To TRADE Academy
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Where to find Pavel Dusek!
What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!