At MyFundedFX, we understand that every trader has their own unique pace of learning, adapting, and showcasing their trading skills. That's why we provide a unique opportunity for traders with our evaluation simulated trading demo accounts, by offering unlimited time to complete the evaluation process.
Here's a detailed description of how MyFundedFX allows unlimited time for evaluation trading accounts:
1. Evaluation Trading Accounts: We offer evaluation simulated trading demo accounts as a way for traders to demonstrate their trading abilities and potentially qualify for a prop trading demo account in which traders are eligible to receive a payout based on net gains, if any, from simulated trading in such account . These demo accounts are intended to function similarly to real trading accounts, allowing traders to execute trades and implement their strategies and skills in a simulated trading environment.
2. Unlimited Time: Unlike many other firms that promote themselves as prop firms and impose strict time limitations on the evaluation process, at MyFundedFX, we believe in providing traders with ample time to complete their evaluation. We understand that traders may have different schedules, commitments, and trading styles that require flexibility. Therefore, there is no set time limit for completing the evaluation trading stage. Traders can take their time to trade, analyze their performance, and attempt to meet the evaluation criteria.
3. Evaluation Criteria: While there is no fixed time limit, traders are still required to meet specific evaluation criteria to qualify for a simulated prop trading demo account to trade on a simulated basis and receive potential payouts. These criteria include among other things meeting certain profit targets, demonstrating risk management skills, exhibiting consistent trading performance, and adhering to any other requirements specified by MyFundedFX. However, we believe that providing unlimited time allows traders to focus on refining their strategies, learning from their experiences, and improving their trading performance without feeling rushed.
By allowing unlimited time for evaluation trading accounts, we aim to create a supportive environment where traders can develop and refine their trading abilities at their own pace.
You can also check the video here for more information: https://youtu.be/N0__1BZO3T0
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.