At MyFundedFX, we have specific profit targets set for each phase of our simulated trading program. These targets serve as milestones for traders to achieve as they progress through the different simulated trading phases.

1. Phase 1 Simulated Profit Target: In the initial phase of the simulated trading program, Phase 1, the profit target is set at 8% of the starting demo account balance. For instance, if your starting balance is $100,000, your Phase 1 simulated profit target would be $8,000. This simulated profit target acts as a benchmark for traders to aim for during this phase.

2. Phase 2 Simulated Profit Target: As traders advance to Phase 2, the simulated profit target adjusts to 5% of the starting demo account balance. For example, if your starting balance remains $100,000, your Phase 2 simulated profit target would be $5,000. This target reflects the progression and adjustment in trading goals as traders move through the simulated trading program.

3. Phase 3 Simulation (Simulated Prop Phase): Upon successfully completing Phase 2, traders enter Phase 3, which is the Simulated Prop Phase. In this phase, there is no specific simulated profit target. Traders in the Simulated Prop Phase have the opportunity to continue trading and benefiting from their strategies without a predefined simulated target.

The simulated profit targets in Phase 1 and Phase 2 are designed to assess traders' simulated performance and ensure consistency in achieving desired simulated returns. They provide traders with tangible goals to work towards as they seek to build their trading skills and demonstrate their ability to generate gains in a simulated environment.

In Phase 3, the absence of a simulated profit target allows traders in the Simulated Prop Phase to focus on simulated trading profitability while enjoying the benefits of a simulated prop demo account. Traders have the freedom to continue simulated trading and without the pressure of meeting specific simulated profit targets.

At MyFundedFX, we believe that establishing progressive simulated profit targets in the early phases of the program helps traders develop disciplined trading habits and sets a framework for their trading success. The Simulated Prop Phase then provides a platform for traders to apply their strategies and potentially receive a payout based on simulated net gains, if any.

If you have any further questions or need additional clarification regarding the profit targets or any other aspects of our trading program, please don't hesitate to reach out to our support team. We are here to assist you on your journey with MyFundedFX.
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​Disclaimer:

All content published and distributed by MyFunded Solutions LLC out of Delaware, MyFundedFX, and its affiliates (collectively, the “Company”) provided for general informational and instructive purposes only. 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, investment, company, or fund. Leveraged products such as CFD’s and FX trading are complex instruments with a high risk of losing money. Please note; The information on the website is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation. Copyright (c) 2023. All right Reserved. MyFunded Solutions LLC out of Delaware.