everything in day trading is all about
risk to reward how much are you willing
to risk for the reward i genuinely think
that risking your own capital is
completely foolish when there are
companies out there that you can pay a
couple hundred bucks and then they'll
give you a hundred thousand dollars to
trade with
[Music]
welcome back to the channel everybody my
name's artie and this is the moving
average a show where we discuss
everything day trading to keep you
profitable on a consistent basis i've
waited a little bit to make this video
but it needs to be addressed now uh
previously i was promoting a company
called funding talent
and they randomly restructured their
company and no longer offered any of
those challenge funded accounts i
actually reached out to them and asked
them why they did that and they said
effective immediately we are permanently
removing challenge as a funded talent
program offering this decision was very
difficult to make unfortunately the
evaluation style model of challenge
promoted a lottery mentality that
required us to make frequent changes in
an attempt to not only preserve the
integrity of the program but also try to
make it fit the long-term vision of our
company understandably these frequent
changes are frustrating for our members
increasing our support response times
and resulted in negative member
experience therefore we firmly believe
that doing what's difficult today will
better position us for tomorrow now at
first i was concerned because if they
just closed all funded challenge
accounts what happens to the people that
just signed up and over the course of
the next like week and a half everybody
that i know that signed it up for a
challenge account got a refund so thank
you funding talent for doing the right
thing and refunding everybody but now
with that challenge account gone on that
prop firm what are we left with i've
been asking a bunch of my friends that
are traders that trade on different
funded accounts and they recommended
five percenters my forex funds as well
as the most popular ftmo so seeing how
it's the most popular and it will
probably get me the most video clicks i
went with ftmo it's a highly searched
term so in this video you'll see me
signing up for ftmo for a 100 000
challenge account all right so now we
are on the ftmo website after you've
already registered um that's a
step-by-step process so i'm assuming
that you guys are smart enough to figure
it out those who are not should not be
trading
right here this is the coolest part
about ftmo you get a free trial for 14
days
so you get zero risk whatsoever like
zero risk before with just the challenge
you know you're risking your a little
bit of your capital to get a funded
account but on here you can actually
just get a free trial test to see if you
can pass the challenge and then once
you've mastered that skill you can set
up the challenge account so to set up
the challenge account all you got to do
is click start ftmo challenge and right
here you're going to set up your entire
account i like to trade us 30 so my
account currency is going to be usd
because it is easier for me to calculate
so when i trade it's us 30 usd so every
point is a dollar there's also a way
where you can trade us 30 euro but that
is another topic i highly suggest using
a us dollar account because it makes a
lot of the usd trading pairs much easier
to convert now when it comes to risk
mode you have two options here either
normal or aggressive i'm going with the
normal because it is half the price of
the aggressive i will show you that down
below
on the account size you can go anywhere
from 10 000 usd all the way up to 200
000 usd
and i'm going to choose a 100 000
account the provider is going to be the
ftmo platform and the account type the
leverage is one to 100 i'm going to be
using this one i like to trade on
metatrader 4 because i'm not a big fan
of better trader 5. ctrader is good when
setting up multiple take profit levels
this is more customizable but if you are
unfamiliar with ctrader definitely check
out some videos on youtube to learn if
this is going to be a better trading
platform for you then of course you have
to set up your entire billing info and
all of the mundane information so that's
great out for you guys now i don't see
any purpose for the note section so
let's continue on your payment currency
is going to be whatever you choose i
primarily transact in usd so usd is my
payment currency right here i suggest
you actually read this because you are
getting into a contract with a large
company as a private individual so read
through their terms of service
as well as their supplemental agreement
check these two boxes and your total for
the 100 000 challenge account is going
to be 626.51
that's including their taxes and let me
show you really quick remember we were
debating between the normal and
aggressive mode if i click the
aggressive mode leave everything the
same the total is up to 1 253.
now that price is ridiculous and so i'm
not even going to look into what the
difference is between the two
i'm gonna go with the normal mode i mean
that's a significant price difference so
you just confirm and proceed to payment
quick rundown of what you're ordering
and it gives you these payment options i
use the pay you because you just type in
your credit card expiration date and the
code on the back super easy
if bank transfers are easy for you i
would suggest that there's also no fee
on any of these three
if you use skrill
unlimit
or crypto.com there is a three percent
fee so keep that in mind but if you want
to keep off the grid per se and pay in
bitcoin you can do that on these two
click on any of those and you'll be
taken to the payment section boom card
number expiration date and cbv code and
just click pay
once you do that it'll load back to the
previous screen and your order is
complete so once you go through the
entire payment process right here back
on the ftmo dashboard you'll see this
new section right here and when you
click on the credentials button you will
get all of the credentials to log into
the mt4 platform to start trading your
account you can also click on the
metrics button which is going to take
you to the breakdown of how your trades
are going obviously i have no trades
placed yet
so
this area is blank however on the bottom
here you can see your trading objectives
minimum of 10 days of trading within
that challenge period a maximum daily
loss of 5 000
and a maximum total loss of ten thousand
dollars while your profit target is ten
thousand dollars now that is a ten
percent gain on the account within that
challenge period a little bit lower you
will see these statistics your equity on
the account your balance the number of
trades that you've taken and the lots
that you've traded along with your win
rate i will be sharing all of this
information with you guys as i go
through this challenge the cool thing
about ftmo is it also tracks your trades
in a trading journal i am unsure if once
you start trading you will be able to
export this but if you can and put it
into an excel spreadsheet along with
putting a note at the end of every
single trade why you entered and how it
played out that would be extremely
beneficial they also have this mentor
section right here and when you look at
it you can actually set up specific
parameters for your max daily loss to
keep it under what they allow
and really fine tune and customize
exactly how you want all of your
positions to be taken what your draw
down what your risk to reward ratios are
going to be this is kind of cool i'm
definitely not going to play with this
but you can set this up in a way where
you'll get alerts emails and
notifications when your account is
hitting any of these numbers yesterday i
showed you guys my first trade on that
account there's been three more after
that i'm following a rules-based
strategy and had three subsequent losses
right after that so i am negative on the
challenge account right now but you know
that's how things go just to clarify the
strategy that i'm using has about a 20
gain on account per month through all
the back testing that me and the team
have done so now we are forward testing
but actually doing it on the challenge
account so currently you guys can see
right here the account is down one
thousand eight hundred ish so less than
two percent i'm gonna be updating you
guys weekly probably on the telegram
group if not in a video how much the
account has grown if i've passed the
challenge if i failed the challenge
which is what i meant by doing actually
more live trading because i'm gonna
spend probably less time making videos
and more time actually trading
because quite honestly this channel
takes a lot of my time with the comments
with the videos with the editing with
everything the seo it's exhausting also
one of the main reasons i picked ftmo
out of all of the prop firms out there
is because of their size and the amount
of people that use them and the
few complaints that i've read because if
you're earning a lot of money on a prop
firm trading a massive account large
payouts can be an issue and like i'm
hoping that because ftmo already has
this established user base as well as
large amounts of liquidity that we won't
come to the same conclusion that we did
with funding talent so i wanted
something big and reliable long term for
you guys also you guys have probably
noticed my mistress right here so i'm
gonna i'm gonna show her off really
quick so this is how i'm gonna record
videos from now on this is my uh this is
my new desk this is my new standing
position um you guys have probably seen
this in a previous video if you followed
the channel for a while but i've been
wanting an e-bike for quite some time
this is a trek rail 5
and it's got all the fixins that i like
it rides really really well and i had a
flat tire on my car this morning so i
had to ride this to work in the freezing
cold
it is like fall here so yeah wasn't
wasn't that great my hands were frozen
but if you guys are wondering what this
thing is right here this is a child seat
because i have a daughter and this is
called the shotgun and it's freaking
awesome because she gets to like sit on
the bike and be active while i ride with
her she even gets her own cute little
handlebars right here anyway i just
wanted to make this video to address the
whole issues with funding talent and the
new prop firm that i'm now promoting
which is gonna be ftmo
as well as letting you know that i'm
gonna be trading a challenge account and
keeping you updated
pretty much every week if this video
gets more than a thousand views i'll be
in shock it's literally just been me
yabbering on for 20 minutes now if you
guys want to know what strategy i'm
gonna be using for this funded challenge
uh watch this video right here and if
you guys enjoyed this video which was
gonna be a shocker subscribe to the
channel by clicking this button right
here thanks so much for watching we'll
see you in the next video