I wouldn't necessarily say it's get rich "fast" but FTMO have really helped stop this mentality by removing the minimum profit requirements to keep an account now. Formerly you had to be able to clear 10% a month which for some is not achievable long term. The focus now is certainly more on risk management and account maintenance. If you do blow the account the benefit is that you have lost the account. You are refunded your challenge cost if you pass and get funded anyway so you are not out of pocket in that instance either.Well, these companies are probably legit. Not trying to question it.
My problem with these companies is with their model. It's a kind of 'get rich fast' approach. Personally I would preffer to create a solid track record. Of course It takes time and is difficult as hell, but it is robust. At the end of the day if a trader is a bad trader could win some FTMO challenges but his account will disappear. It's like playing with a gambling machine, you can win some Jackpots but the odds are against you. Sonner or later you'll get banckrupt. Casinos are legit but I wouldn't take them seriously as a place to make money.
Just an opinion. Whish luck to those of you guys who jumped on that model. It will be interesting to see what happens to your accounts in 1 or 2 years, track record again![]()
Build a track record for who or what exactly? Get a job at a bank?Well, these companies are probably legit. Not trying to question it.
My problem with these companies is with their model. It's a kind of 'get rich fast' approach. Personally I would preffer to create a solid track record. Of course It takes time and is difficult as hell, but it is robust. At the end of the day if a trader is a bad trader could win some FTMO challenges but his account will disappear. It's like playing with a gambling machine, you can win some Jackpots but the odds are against you. Sonner or later you'll get banckrupt. Casinos are legit but I wouldn't take them seriously as a place to make money.
Just an opinion. Whish luck to those of you guys who jumped on that model. It will be interesting to see what happens to your accounts in 1 or 2 years, track record again![]()
Build a track record for who or what exactly? Get a job at a bank?
Impossible trade for a living with $10KLets say you trade your own $10,000 account and pull in 2% per month
I am not positive about Darwinex as I used to be but Darwinex pays real and withdrawable money.With Darwinex you would need to risk your own money (and you would lose more then the entry fee over time, I bet you that much). And then they pay you what? Every 3 months on a high water mark?
Here is the best bit. It’s a simulated account and they decide how much it makes, so if you make 10% they can decide to only make it 1%? Have I understood this properly or am I missing something?
All my earnings are in 2018 when my KVL was going strong.And that’s taken you 4 years to earn that from them? Four years!!!!
COULD ....So you could
every month if you make 2%
thanks for saving usHave done already mate. Hence this post so you can all wake up and smell the coffee… stop wasting time.
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