FTMO underscores the critical importance of protecting trading capital rather than solely focusing on large profits. Traders are advised to start with smaller positions, implement strict stop-losses, and to never risk more than they can afford to lose. The firm asserts that consistency and discipline in trading practices are key drivers for long-term success within the financial markets.
In the context of recent economic data, FTMO takes note of significant inflation rates across the Euro Area and Germany, with Year-over-Year inflation in the Euro Area reported at 2.3% for November, aligning with forecasts. However, a decline in the Month-over-Month rate to -0.3% raises concerns. Germany's inflation YoY preliminary figures show a slight decrease to 2.2%. Furthermore, the USA has revealed a mixed batch of indicators, including a 2.0% increase in pending home sales for October, contrasting with a softer outlook on durable goods orders.
FTMO further emphasizes that traders entering the market purely for monetary gain may ultimately fail if they do not develop a genuine passion for trading. The firm encourages traders to concentrate on improving their skills and understanding of the market, rather than solely fixating on profitability.