The products offered are intended for professional and retail clients. Leveraged products such as CFD’s and Forex trading are complex instruments with a high risk of losing money. None of the information provided by the Company or contained herein is intended as investment advice, an offer or solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any security, company, or fund. trading days objective have been met.Īll content published and distributed by MyFundedFX LLC, MyFundedFX, and its affiliates (collectively, the “Company”) is to be treated as general information only. You can require an account review after you have closed all open positions and min. Your commission is up to 85% of all profits made during the course of program. You can now start trading MyFundedFX proprietary trading firm's capital without profit targets as long as you won't reach max. STEP 2: Verification phase - Continue trading with a verification account and prove you weren’t just lucky in the challenge phase. All MyFundedFX accounts have automatic 24/7 monitoring. If you will violate any rules or objectives, your challenge account will be failed. Once the Challenge phase has been completed you are ready to enter Verification phase and start earning real money. profit target - You can request an account review after you have closed all open positions and min. STEP 1: Trading Challenge phase - Prove that you can trade by reaching min. Your trading style is entirely up to you we don't set any limits on instruments or position size you trade. By meeting the Trading Objectives, you prove that you are a disciplined and experienced trader. For this reason, we developed Trading Objectives. □ The account balance must not show a loss greater than the Pro Drawdown at any time during the trading day.Before we allow you to trade for our Proprietary Trading Firm, we need to be sure that you can manage risk. If at any time during the day your account balance falls below the Pro Drawdown □, your account will be closed□ What happens if my account balance falls below the Pro Drawdown? □ Unrealized Gains and Losses: The maximum account balance considering open and closed trades. □ Trailing Drawdown: It is always updated in real-time taking into account made and unrealized profits. □ Pro Drawdown: Updated only when your account balance reaches a new high at the end of a trading day. □ Drawdown: The maximum loss your account can bear in relation to the maximum balance. □ Account Balance: The funds you have available in your trading account. Let's review the terminology so we're on the same page □: □️As you can see, your unrealized winnings are not taken into account when calculating your Pro Drawdown □ Your Pro Drawdown at the end of the trading day is $100,000. Your balance at the end of the trading day is $104,000. Trading day 5️⃣: You have an open position balance of +$105,000, but you close the position with a balance of $104,000. Your Pro Drawdown at the end of the trading day is $97,000. Your balance at the end of the trading day is $100,000. Trading day 4️⃣: You have an open position balance of +$103,000, but you close the position with a balance of $100,000. Your balance at the end of the trading day is $98,000. Trading day 2️⃣: You have an open position balance of +$100,800, but you close the position with a balance of $98,000. Trading day 1️⃣: You have an open position balance of +$100,500, but you close the position with a balance of $100,000. Using a 100K account as an example, remember that the Pro Drawdown for a 100K account is $3,000. Still don't understand how Pro Drawdown works? □Don't forget that the market closes at 4 :10 PM ET. □You can track your Pro Drawdown from your dashboard □️at the end of each trading day. All this without worrying about a trailing drawdown counting realized and unrealized winnings. This Drawdown □ calculation method allows our users to act freely and take advantage of trading opportunities. The Pro Drawdown is only updated when the account balance reaches a new high at the end of a trading day □ The Drawdown□ will give Uprofit an overview of how you, as a trader, will manage wins and losses in order to reach (and maintain) targets assigned to the evaluation program you have chosen to trade. When applied to financial markets, it will refer to the maximum accumulated losses, or the largest decline from the top to the bottom of the profit curve.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |