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Today we also purchased a $200,000 account at FTMO prop firm. We are pretty confident that we can pass their tests in one go but we will see. We wanted to go with TopStep but they don't have a swing account.
By the way FTMO charges swap fees for holding positions overnight and over weekends, which is something we are not familiar with when trading with our real account with Kyobo.
Does anybody know a trustworthy prop firm that offers a swing account without swap fees?
We are pretty confident from experience and past data that the German French bond pair will eventually turn to positive P/L without going too much into a deep drawdown.
In case anyone wonders if we ever cut a loss, we do. If a pair goes the other way and starts to threaten -10% of the whole account value, we cut right away(this never happened since we opened the account in June 2024). For our current account -10% would be about -$4200.
We are day 3 into the challenge, still about the same as yesterday: about +$1,500.
Long way to go to $20,000. They say it's a $200,000 account but in reality it's just a $20,000 account and it should be traded as such. We expect to pass the first evaluation test in 1-2 months safely.