Starting again with FTMO
The dust is starting to settle after the MyForexFunds fiasco on Friday.
Overall, I've been feeling a bit meh since it happened but have my sights set on returning to action already. Yesterday I didn't really have the heart to trade so didn't open the charts.
This morning, I opened a new challenge account with FTMO ready to start up again and build some funding, so tomorrow will be back at my usual routine with the charts.
For a brief hour or so today, I watched some stuff play out on GBPUSD around the news event just to get some price action in my brain ready for tomorrow.
There's of course no guarantee that what happened with MYFF won't happen to FTMO but there are differences at play with both companies, particularly the country where they are based. However, that they're in Europe doesn't really fill me with a huge amount of confidence.
It is, of course, the same Europe that limited traders from 500:1 leverage to 30:1 leverage for "our safety".
So it may just be that it's a matter of time until they suffer the same fate and I will also be looking into trading with Darwinex as they are actually FCA regulated and provide actual real life money to trade with.
The disappointment is slightly behind me and I'm sure that once I've placed that first winning trade on my FTMO challenge, it will dissipate a lot quicker which is why I'm keen to just get on with things.
There's nothing else to be done than just that. On my YouTube account, all my trading related subscriptions are playing the algorithm and constantly talking about MYFF while the subject is hot, so I'm avoiding it at the moment.
In reality, the best way to look at things overall - as I am - is that there's no use talking about things. If you are committed to being a trader, you are the asset. If you can show yourself to be a disciplined and profitable trader, you will never have to worry about capital - you just need to make people aware of you so that they know to give it to you!
I've suffered from what's happened, as many others have, but if you've done it once you can do it again. Just get back to the charts and do what you love to do and trade. Let the rest take care of itself and focus on your improvement. Learn from the setback and build your character as a person and a trader.