The previous pic is from 5%ers growth program of their $40k instant funding.
You start at a level to prove yourself ($10,000) to make $600 before you lose $400. You then trade $40,000 live.
I know it is a tight squeeze at first and you will need to watch your pennies. As you move away with profit, you will gain more breathing room.
I am going to base my "idea" on the EURUSD. I know some think it is dead and not worth trading, but I disagree. The EURUSD has plenty of movement to hit my goal. The goal is 50 pips a week. I am sure you get it, that is 10 pips a day average. That is something we talked about in the forum years back. All you need is 10 pips a day and you will be set. I believe that holds true.
I know there is a lot of discussion of high R trading, this isn't about that. It is more about trades where the size is always the same until you reach the next level. For example, you could trade your full leverage of 1:10 on each trade as long as your SL is under 5 pips.
We can start on the conservative side and use a size where 25 pips are equal to 1% of the $10,000. In this setup you will make 2% a week.
Funded Trader Level 1 requires 6% to pass so according to our 2% a week numbers it takes 3 weeks to level up.
Funded Trader Level 2 requires 10% to pass, so 5 weeks
Funded Trader Level 3 requires 10% to pass, so 5 weeks
Funded Trader Level 4 requires 10% to pass, so 5 weeks
Funded Trader Level 5 requires 10% to pass, so 5 weeks
Funded Trader Level 6 requires 10% to pass, so 5 weeks
Funded Trader Level 7 requires 10% to pass, so 5 weeks
33 weeks (66%) to get to the max level of 8 which shows $4,000,000 in trading capital. The split is 50/50, in essence you have a $2,000,000 account all to yourself.
Going by or 2% a week theme, on a $2,000,000 account, you would make $40,000/week.
52 weeks and all of that is about $2,000,000 after the split.
I would leave cash in there to keep a larger room for drawdown. You could then do 10 pips = 1% if you are good enough. Now you are talking about $100,000 a week or about $5,000,000 a year.
This was only a basic example on the old theme of 10 pips a day. There are other ways to accomplish this especially through good Higher R trading with low risk
As a side note based on recent stats, I believe the 2% a week is the most logical outcome. MyForexFunds released data saying that their consistently profitable traders make 4% to 8% a month.
If you are on the lower end of 1% a week, no sweat, that is 66 weeks to max out and $1,000,000 a year.
Note: They do allow you to have up to 3 accounts if the need arises.
Don't go into this cold turkey. Make use of FTMO's free trials. You can get a new one every 14 days and you can learn a lot about yourself. Just remember 5%ers is only 4% Drawdown so keep that in mind.
Maybe you want to trade US30 at 75 pts = 1% so 150 pts a week gets you there also.
