Passed the FTMO Demo Challenge: The Turning Point in My Forex Trading Journey – Statistics – December 6, 2024

I passed the FTMO demo challenge. Although this is just a demo challenge, for me it feels like a turning point or turning point in my career as a forex trader. Three things that stood out to me were:

1/ Account progress: This is the sixth account in my trading journal from 2022, and the second from 2024.

The first four accounts yielded inconsistent results. Some parts went up a little, some parts went down a little, but overall I didn’t feel any sense of stability between the two.

However, the last two accounts were different. They have shown consistency. Both received positive results, with the most recent account passing the demo challenge.

It’s hard to say that I’ve become a completely profitable trader, but it means I’m on the right track.

2/ 19 Transactions to pass the demo challenge: I made 19 trades to pass this demo challenge. There are many strategies to solve your funding problem.

Some of it works based on probability, but I’m not exactly sure how it works.

From what I gather, these strategies often involve making large trades to achieve a target profit and then making smaller trades to meet the required number of trades.

My goal is not just to pass the funding challenge, I want to make money once I get my funding account.

3/Consistency of strategy: I’m still learning how to be consistent in my trading. I adopted a fixed funds risk strategy. This means you risk a fixed amount of money on each trade.

But I had a hard time setting revenue goals. Sometimes the price was close to the target but then reversed, resulting in a break-even trade. In other cases, the price reaches a target and then continues to rise sharply.

Both scenarios left me frustrated.

How can I solve this problem? I asked myself, and this time I decided to implement a fixed risk reward ratio.

With a fixed setup, I didn’t have to overthink if the price didn’t reach the target or if the price behaved erratically after reaching the target.

My mind became clearer and more focused.

One day I hope to write a detailed post sharing how I became a consistent and profitable trader.

I know it will be a difficult journey, but I am ready.

This market has given me so much, and I sincerely want to give something back.

Thank you for taking the time to read. See you soon!

My demo account is here: https://trader.ftmo.com/metrix?share=8e437370a97b