Are you looking for a way to get a free retake for the FTMO challenge? Look no further! In this blog post, I’ll share with you my experience of getting a free FTMO challenge and how you can get it too.
What is FTMO?
For those of you who are unfamiliar, FTMO is a proprietary trading firm that offers traders the opportunity to trade with their capital. They provide a challenge to the traders to assess their trading skills. If the trader passes the challenge, they are given a funded account to trade with.
FTMO Free Retake: My Experience
Last month, I bought an FTMO challenge with the purpose of creating videos for my followers. I placed a trading robot that I created onto the MetaTrader 4 platform, and the EURUSD market wasn’t particularly volatile. The robot opened a total of 11 trades with a maximum daily loss of $344 and a maximum loss of $430. The profit was $357.91, and I fulfilled 3 out of the 4 trading objectives.
This allowed me to request a free retake for the FTMO challenge. I sent an email and received a positive response from the FTMO support team. It was that simple.
How to Get a Free Retake for the FTMO Challenge
You can get a free retake for the FTMO challenge if you fulfill 3 out of the 4 trading objectives and do not breach any of the trading rules. If, at the end of the challenge, your account ends up in profit, with all positions closed, then you are eligible for a free retake.
If you stay within the rules set out and do not hit the profit target but are at least 1 cent in profit, you can get a free FTMO challenge. This is admirable from FTMO and shows that they understand the world of trading. Sometimes the market is not particularly volatile. And even if we have a great strategy or robot, we can’t hit the 10% profit target within one month. But reaching 3.5% doesn’t mean you are a bad trader. It just means that the market conditions weren’t favorable during that period.
Many traders are unaware of this option. But it’s important to know that you can get a free retake for the FTMO challenge. So, if your trading challenge is about to finish, and if you haven’t hit the profit target, don’t rush it. Close all your positions and ask for a new challenge. They will give it to you, and you will have a whole new month to achieve the 10% target.
FTMO Free Retake: Conclusion
In conclusion, if you are looking to get a free retake for the FTMO challenge, fulfill 3 out of the 4 trading objectives. Stay within the rules set out, and close all your positions. Ask for a new challenge, and you will have a whole new month to achieve the 10% target.
I hope this blog post has been helpful to you. If you want to learn more about the FTMO challenge, check out our complete FTMO challenge masterclass available right here.