Evaluation 3-Step Phase 1: 3 Trading days Phase 2: 3 Trading days Phase 3: 3 Trading days It’s important to note that only opening and closing a trade on a same day counts as a trading day for instance if a trade opens on a Monday and closes on Wednesday it only counts as 1 trading day.
Continue ReadingEvaluation 3-Step The daily drawdown is 5% of the account’s starting balance of the day. If your account balance/equity falls below it will be considered a violation of the rules The daily drawdown limit resets at midnight (Brokers Time) Example 1: Imagine you start trading with a $50,000 account and your daily drawdown is 5% ($2500). If your account balance/equity falls …
Continue ReadingEvaluation 3-Step Maximum drawdown is 5% of the account’s initial balance and the balance/equity of the account should not exceed the limit Example 1: Imagine you start trading with a $50,000 account and your Maximum Drawdown is capped at 5% ($2500). If your account balance/equity falls below $47,500 at any point in a day it will be considered a violation …
Continue ReadingEvaluation 3-Step Phase 1: Achieve a 5% profit target with unlimited trading period Phase 2: Achieve a 5% profit target with unlimited trading period Phase 3: Achieve a 5% profit target with unlimited trading period FOREXIVE Trader: No specific profit target is set when you become an FOREXIVE trader, providing you the freedom to trade with peace of mind
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