Trade of the Week | FTMO

FTMO Trader: Successful traders adhere to their trading strategies, manage risk effectively, and stay emotionally detached from market fluctuations.

From Humble Beginnings to Industry Leaders. Since 2015, FTMO emerged as a trailblazer in modern prop trading. We do more than just participate in the industry—we are actively shaping its future. Here is our first office. The place, where it all began!

#Housing Starts rose by ❌5.7% MoM (previous ❌-16.8%) to an annualized rate of ❌1.360 million units in April (previous ❌1.287 million), lower than the forecasted 1.420 million.

According to the preliminary estimate, Building Permits in the #USA fell by ❌3.0% MoM (previous ❌-5.0%,) to an annualized rate of ❌1.440 million in April (previous ✅1.485 million),under the estimates of 1.480 million.

#USA Initial #Jobless Claims May 11:
❌Actual: 222K
👉Forecast: 219K
❌Previous: 232K (revised from 231K)

FTMO Trader: Develop your trading strategy that works best for you, ... and do a lot of backtesting. Backtesting will give you the confidence that you need in order to suppress your emotions.

Keep it simple!

In 2015, we founded the Modern Prop Trading Industry. Since then, we have been ensuring to maximise your trading experience, guiding you towards long-term results, supporting you 24/7, and winning globally renowned awards. We are FTMO, and we are here to stay.

FTMO Trader: Once trading became boring, things started to work better for me.

#Euro Area #GDP Growth Rate QoQ 2nd Est Q1:
👌Actual: 0.3%
👉Forecast: 0.3%
👈Previous: -0.1%

#Euro Area #GDP Growth Rate YoY 2nd Est Q1:
👌Actual: 0.4%
👉Forecast: 0.4%
👈Previous: 0.1%

#USA Core #PPI MoM Apr:
✅Actual: 0.5%
👉Forecast: 0.2%
❌Previous: -0.1 (revised from 0.2%)

#USA #PPI MoM Apr:
✅Actual: 0.5%
👉Forecast: 0.3%
❌Previous: -0.1 (revised from 0.2%)

#Germany #ZEW Economic Sentiment Index May:
✅Actual: 47.1
👉Forecast: 44.9
👌Previous: 42.9

#UK #Unemployment Rate Mar:
👌Actual: 4.3%
👉Forecast: 4.3%
👈Previous: 4.2%

#UK Claimant Count Change Apr:
✅Actual: 8.9K
👉Forecast: 13.9K
✅Previous: -2.4K (revised from 10.9K)

#Germany #Inflation Rate YoY Final Apr:
👌Actual: 2.2%
👉Forecast: 2.2%
👈Previous: 2.2%

#Germany #Inflation Rate MoM Final Apr:
👌Actual: 0.5%
👉Forecast: 0.5%
👈Previous: 0.4%

Weekly market recap once again here.

👉 ftmo.com/en/weekly-mark…

FTMO Trader: Even the most simple and raw trading strategy could be profitable if you apply good risk management and execution.

The DJIA index has completed an eight-day winning streak, European stock indices have surpassed all-time highs and gold has returned to growth. More to come in our Weekly Market Recap.

Trade of the Week | FTMO

FTMO Trader: Walk away and come back the next day with a fresh and optimistic mindset and you will be surprised how quickly you can repair the damage done previously.