DislikedAll interesting good points ! And a few good stories, thanks for that, great laughs ! But, as we all know, there are 2 sides to the coin. Yes the challenge is a &!*$(#&! But they are looking for the exceptional. After the challenge, the deal is reasonable for specific type of strategies and a good disciplined trader who knows perfectly a perfect MoneyMngmt adapted to his diversified array of strategies, brave combined forces to take on the conflicting movements of the market blabliblalballbalb let me take my breath NOW. After the challenge. No profit...Ignored
So, what is a limit order? It is for those of us who don't really think the current price is quite right yet. Maybe a better price is around the S/R. Maybe it is where you have projected it to be. Why the dude that operates any of these basically loan shark places can dictate to me that I need to enter at market price? That requires me sitting at my computer 24/5 waiting for that price to reach my target. Is that how they trade for themselves and find that the safest method? Oh, I forgot. they don't know how to trade. They actually do trade but not the FX market. They trade you until they decide to dump you and pick up another trader to trade.
They actually don't know why they don't allow limit orders. They just don't understand the concept and they call using limit orders a violation of their terms. I think they enforce that mostly during the news but like I say, there is a lot of of news.
I have been asked if I'm sticking it only to FTMO. On this point, yes I am. FTMO, as far as I remember looking at different joints is the only one like that but there maybe more clueless outlets around.