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As I've explained several times before...
Online prop firms such as FTMO have an 81% failure rate on their challenge. Recently, it came to my attention that half of those who pass the challenge don't even reach the first payout. They hit the max loss early on or they give up.

I'm taking this stuff very seriously...because I want to see more traders live their dream life. What good does it do to waste your money on an FTMO challenge?

Most traders who take on these challenges haven't built the right skills yet. The prop firms aren't being unfair, you're not at the level yet where you deserve their capital.

I'm obviously talking to those who failed the challenge here. Here's what to do if you fail the FTMO challenge:

1. Do a self-assessment

This consists of answering a couple of important questions and being honest with yourself. Questions to diagnose your issue:

"Was I aware of the risk measures to respect?"
"Did time left in the challenge affect my execution of trades?"
"Did I have any doubts about any trade taken, skipped, or missed?"
"If I were backtesting, would I get the same result as in the challenge?"
"What do I suspect to be the reason to failing the challenge? Can I prove it?"
​
If you answer those carefully and honestly, you'll be able to diagnose why you lost your challenge.
As always, it's better to know the truth about your trading than to stay in ignorance!​

2. Evaluate every trade you took during the challenge

The most important thing you want to figure out is: who's fault is it? Maybe the market was really volatile during your challenge.

Say your win rate is usually 48% but you ended up with 32%. Was it because of you or the market? You'll know this by analyzing every trade taken during the challenge. If you want to go a step further, do a backtest of your FTMO challenge period.

And then compare the results! You'll either be shocked by your mistakes...or you'll understand that you didn't "time" your challenge right.

3. Build on your consistency

No one can be 100% consistent in trading. But being as consistent as your can in your execution is the most predictable way to pass a challenge.

A few months ago, we helped a trader who failed FTMO twice. Turns out he hadn't really mastered his trade setup and when not to trade. After those adjustments, he was able to get positive and stay up for a whole month. I can't wait for him to take the challenge with the confidence & execution he's built!

// ABOUT ME
My name is Etienne Crete (from Montreal, Canada). I'm a swing Forex trader and help aspiring Forex traders develop a trading method that works for them so they can produce income allowing them to live with more freedom.

I blog at www.desiretotrade.com and host the Desire To Trade Podcast. I was fed up with the “fake” millionaire traders and the “get-rich-quick-trading guys”. That's why you can expect more free content from me than what other people charge for!

If you truly want to succeed in Forex trading, I believe you need to keep working on yourself so you can improve your strengths, but also your weaknesses. Do not focus solely on what you're good at.

// Disclaimer
This video expresses my personal opinion only. Forex trading is risky. Make sure you are ready to trade. Even this will not guarantee you positive results. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action.

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