Tip No. 1: Understand the Forex Market Still learning the basics of how Forex operat ..
What is Risk Management in Forex Prop Trading? Risk management is a fundamental conc ..
Traders are permitted to hold their trades over the night and weekend
Continue ReadingNo, copy trading is prohibited at FOREXIVE. Any copy trade between accounts not owned by the same individual and any trader who cooperates with FOREXIVE is traceable and strictly prohibited. If done, all accounts will be terminated, and no money will be returned. Traders can only copy trader between accounts owned by the same individual.
Continue ReadingAccount growth takes place over a 3-month cycle and 40% increase to your balance every time, up to a maximum 2 million. Account growth requirements
Continue ReadingNo, there are no restrictions on lot sizes (minimum or maximum) or trading strategies, allowing traders the freedom to trade any trading style if trades are within the risk management principles. Using stop loss or take profit is not necessary, but it is suggested to be used for better risk management Bear in mind that the above matter does not …
Continue ReadingEvaluation 2-Step Phase 1: 3 Trading days Phase 2: 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 2-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 Example 1: Imagine you start trading with a $50,000 account and your daily drawdown is 5% ($2500). If your account balance/equity falls below $47,500 at any point in a day …
Continue ReadingEvaluation 2-Step Maximum drawdown is 12% 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 12% ($6000). If your account balance/equity falls below $44,000 at any point in a day it will be considered a violation …
Continue ReadingEvaluation 2-Step Phase 1: Achieve a 10% profit target with unlimited trading period Phase 2: 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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