Uploaded on Nov 29, 2024
My Forex Funds Evaluation is a comprehensive guide designed to help traders understand and navigate the funding opportunities offered by My Forex Funds. Axe Trader provides an in-depth analysis of their evaluation process, highlighting the rules, account types, and trading strategies needed to secure funding. More: https://www.axetrader.com/my-forex-funds-evaluation #forex #instantfunding #bestpropfirms #supplyanddemandtrading #fundednext #forextrading #trading #riskmanagement #proptrading #propfirm #usa #unitedstates #axetrader
My forex funds evaluation - Axe Trader
Axetrader.com
WHAT'S WITH ALL THE
OBJECTIVES
Trading can be extremely challenging and while
you might get lucky and pass without a plan, we
assure you that the victory will be very short lived
if you did not take the time to build a solid
foundation. AXE Eval Objectives allow you to build
good habits and the discipline required to be a
profitable trader with minimal skin in the game.
Our Evals are strategically designed to make you a
better trader.
Axetrader.com
Axe Trader Payouts
At Axe Trader, we offer flexible payout options to cater to your needs.
While the default payout ratio is set at 80% for evaluations and 70% for
funded accounts, we believe in pushing boundaries by offering the
opportunity to upgrade to 90% and scale up to 100%.
With Axe Trader, all traders have the freedom to request payouts
weekly, and the payout processing can commence as soon as 8 trading
days.
Axetrader.com
My Forex Funds Evaluation
My Forex Funds Evaluation is a
comprehensive guide designed to help
traders understand and navigate the
funding opportunities offered by My Forex
Funds. Axe Trader provides an in-depth
analysis of their evaluation process,
highlighting the rules, account types, and
trading strategies needed to secure
funding. Whether you're a beginner or an
experienced trader, this resource equips
you with the insights to succeed in the
competitive world of funded trading.
Discover how My Forex Funds supports
traders in achieving consistent profitability.
Axetrader.com
Evaluation Program Breakdown
Phases of Evaluation:
• Phase 1 - Evaluation Stage: Traders must meet specific profit
targets within a defined time frame while adhering to rules
like maximum daily drawdown and overall drawdown limits.
• Phase 2 - Verification Stage: A second stage where traders
need to demonstrate consistent trading practices under
slightly less strict profit target requirements.
Key Metrics:
• Profit target percentages.
• Drawdown limits.
• Time constraints (e.g., 30 days for Phase 1).
• Allowed trading strategies (e.g., scalping, swing trading,
etc.).
Axetrader.com
Rules and Guidelines:
Risk Management: Maximum allowable daily losses (e.g., 5%
of account balance).
Overall drawdown limits (e.g., 12% of account balance).
Trading Restrictions: Use of expert advisors (EAs), high-
frequency trading, and news trading may have specific
guidelines.
Consistency Rule: Encourages stable trading behavior to
ensure traders are disciplined and skilled.
Axetrader.com
Contact Details:
You could be our next winner! Join our community to get updates on our next
giveaway.
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Sign up now here: https://dashboard.axetrader.com/en-US/sign-up
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Thank You!
Axetrader.com
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