A few answers to your questions (2024)

Today's article will be devoted to finding the answers to the several most frequent topics our support colleagues get asked about. If something still seems unclear even after reading the article, feel free to explore the FAQ section of our website as the answer is likely ready for you there.

Differences between individual account types

The Normal risk setup with classic Trading Objectives is the most popular choice among our clients, however, we also offer our clients one more type of account. The Swing account is a type of account designed for more conservative traders who hold positions for more extended periods. The main difference from the Normal account type is the ability to hold positions overnight and over the weekend even after passing the Verification. The Swing account is also not restricted from trading macroeconomic news.

The trading period is the same for both risk setups, and the same fee refund applies here with the first payout from your FTMO Account.As you most likely know, there is no Profit Target once your trade on an FTMO Account, however, you can take advantage of our Scaling Plan to increase your balance by meeting certain conditions. For a balance increase, the trader has to generate at least 10% of net profit in four consecutive monthly cycles. Upon meeting these conditions, the balance of the FTMO Account gets increased by 25%.

Another major change from the Normal account is the size of the leverage. Since the Swing account is designed for traders who hold positions for several days or even weeks and unpredictable market movements can occur, the base leverage is reduced to 1:30. Following are the leverages on each asset class: 1:30 for forex pairs (1:100 for the Normal account type), 1:15 for indices (1:50 for the Normal account type), 1:9 for metals (1:30 for the Normal account type) and 1:1 for cryptocurrencies, equity CFDs and for commodities, the leverage in a Swing account is 1:1 (1:3.3 for the Normal account type).

For most traders, the lower leverage changes virtually nothing, especially with a large account size. If we open one lot on the EURUSD pair, the required margin for the Normal account type would be EUR 1,000, and for the Swing account, it would be EUR 3,333.33.

How about commission and margins

Another common question from clients is how commissions and margin sizes are calculated. Of course, we can offer you several formulas to calculate the size of the margin or the maximum position you can open in your account.

Basic information about each instrument can be found on the Symbols page. Each week our clients can find out all the changes for the next week on this page. There's also a table of all the instruments and information regarding each instrument they can trade with FTMO (leverage, commission, contract size, etc.).

Sometimes, however, the simplest solution is also the most effective solution. Instead of worrying about calculations and plugging values into formulas, the easiest approach is to try trading on the fly. We know very well that there is no substitute for hands-on experience, which is why we offer our potential clients the opportunity to try out trading in the wild, using our Free Trial account.

Clients have 14 days to familiarize themselves with the platform, see how spreads change depending on the time or session for all the instruments we offer, etc. They can also see what commissions apply on each instrument depending on how large positions they open, while also learning how much margin they will need on a particular contract size for each instrument. The formulas may seem interesting when we want to brag to our non-trading friends and try to show off how complicated forex trading is, but in reality, they are only used by those who have the time to deal with the details instead of dealing with the trading and their approach to it.

Every brokerage company now offers a similar free demo account service. But the problem with them is that the client has different conditions (execution speed, spread size, slippage, etc.) on the demo account compared to the live account. At FTMO, clients have the same conditions on the Free Trial version, FTMO Challenge/Verification, and then directly on the FTMO Account. So, in addition to being able to experience the platform for free, clients have the opportunity to experience exactly what they will experience on the paid accounts.

A few answers to your questions (2024)

FAQs

How do you ask questions to get answers? ›

How to ask the right questions
  1. Develop an open-ended question. Create an open-ended question related to what you want to know. ...
  2. Allow the person to answer. It's important to choose the right time to ask questions. ...
  3. Ask follow-up questions. ...
  4. Thank the person. ...
  5. Ask to get an answer. ...
  6. Be understanding. ...
  7. Practice active listening.
Mar 10, 2023

How can you find the answer to your questions? ›

Having a question that you don't know the answer to can be frustrating. Luckily, you can use a variety of different tools to solve your inquiry. Depending on the question, you can use a search engine, conduct extensive research, or contact a professional. Before long, you'll be that much closer to finding the answer.

What are the short answer questions? ›

Short answer questions (or SAQs) can be used in examinations or as part of assessment tasks. They are generally questions that require students to construct a response. Short answer questions require a concise and focused response that may be factual, interpretive or a combination of the two.

How do you answer questions properly? ›

How to respond to questions effectively
  1. Prepare for tough questions. ...
  2. Pause before responding. ...
  3. Monitor your body language. ...
  4. Reword the question. ...
  5. Take more time if you need to. ...
  6. Acknowledge the other person's emotions. ...
  7. Answer a portion of the question. ...
  8. Ask questions about the question.
Jun 9, 2023

What is the most polite way to ask a question? ›

Using indirect question forms is especially polite. Indirect questions request the same information as direct questions, but they are considered more formal. Notice that indirect questions begin with a phrase ("I wonder," "Do you think," "Would you mind," etc.).

Where can you find answers to your questions? ›

Answers
  • Answers.com. User-powered question and answer platform. ...
  • Ask a Librarian. Online reference desk service from the Library of Congress. ...
  • Brainly. Post questions to a community of millions of students and teachers. ...
  • Chegg Study. ...
  • Dummies. ...
  • eHow. ...
  • PolitiFact. ...
  • Quora.

Which website gives answers to questions? ›

Comparison of Q&A sites
WebsiteFoundedRegistration required?
Google Answers2002Yes
Google Questions and Answers2007N/A
Gutefrage.net2006Yes
HealthTap2011No
37 more rows

What is the app for ask questions get answers? ›

  • Quora Ask Questions Get Answers. 4.3. A free question-and-answer app. ...
  • SnapSolve: Doubt Solving App. 4.7. Free. ...
  • Medscape. 4.5. ...
  • Answer - Ask Questions Doubts. 4.7. ...
  • Socratic - Homework answers. This app has the answer to all your problems. ...
  • BBC News. 4.3. ...
  • Slader - Homework Answers. Find the answers to your homework. ...
  • Wikipedia. Free.

What are the 5 main questions? ›

As far back as 1913, reporters were taught that the lead should answer these questions:
  • Who?
  • What?
  • When?
  • Where?
  • Why?
  • How?

What is a best answer question? ›

A single question is posed with typically five alternate answers, from which the candidate must choose the best answer. This method avoids the problems of past examinations of a similar form described as Single Correct Answer.

What makes a good response? ›

A good response is persuasive; therefore, it should cite facts, examples, and personal experience that either refutes or supports the article you're responding to, depending on your stance.

How do you answer smartly? ›

First, make sure you understand the question

It's important to listen carefully, then pause for a moment and reflect. Make sure that you understand the question clearly before you answer it. If you're not clear about the question, ask a clarifying question of your own.

How to give quick answers? ›

Notice what happens.
  1. Listen to the Question. Sounds simple, but with so many things calling for our attention, it's easy to be distracted and not hear what the question really is. ...
  2. Pause. The second step is to pause long enough to take a breath from your diaphragm. ...
  3. Repeat the Question. ...
  4. Respond Honestly. ...
  5. Know When to Stop.

How to respond correctly? ›

Speak directly and clearly when you respond.
  1. Make sure they're paying attention to you so you don't have to repeat yourself.
  2. Recognize if someone else wants to speak and allow them room to talk as well.
  3. Allow the person to respond to what you've said as well.

How can I get questions and answers? ›

Answers
  • Answers.com. User-powered question and answer platform. ...
  • Ask a Librarian. Online reference desk service from the Library of Congress. ...
  • Brainly. Post questions to a community of millions of students and teachers. ...
  • Chegg Study. ...
  • Dummies. ...
  • eHow. ...
  • PolitiFact. ...
  • Quora.

How do you ask a question to get a yes answer? ›

Researchers have found that by using the word “because” or giving people a reason for our request, we greatly increase our chances of getting a positive response – a yes.

How to ask questions to gather information? ›

Pose open-ended questions for more explanation.

Use “what,” “how,” and “why” to start your questions so people can't answer them with one-word answers. Since the person has to explain themselves more, their answers are more thorough and you're less likely to make any judgments or assumptions from miscommunications.

What are 10 good questions? ›

What are 10 good questions to ask someone?
  • What's your favorite childhood memory?
  • What's your favorite movie and why?
  • What was your worst date?
  • What was your favorite subject in school?
  • What do you enjoy doing in your free time?
  • What's your favorite family holiday tradition?
  • What's your favorite family recipe?

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