Direct Funded Trader has shared a comprehensive set of rules for its Evaluation Program, aimed at shaping skilled and disciplined professionals. The program consists of two phases, each with specific criteria to challenge and evaluate traders.
Traders entering Phase 1 of the Evaluation Program are required to achieve a profit target of 8% to successfully move on to the next phase. Moving into Phase 2, participants face a slightly reduced profit target of 5%. This phase serves as a continuation of the evaluation process, honing traders’ skills and strategies under slightly less forgiving conditions.
Direct Funded Trader Evaluation Program Rules
To instill discipline and responsible trading practices, all participants, regardless of account size, are subject to a maximum daily loss limit of 5%. This measure ensures that traders do not incur excessive losses in a single trading day.
Additionally, a maximum loss limit of 10% is imposed, emphasizing the importance of risk management and protecting participants from significant downturns in the market. This dual-layered approach aims to create a secure trading environment while encouraging traders to develop resilient strategies.
Moreover, the Evaluation Program mandates a minimum of 5 trading days for both Phase 1 and Phase 2. This ensures that traders actively engage in the markets, gaining valuable insights and adapting their strategies to market conditions.
Direct Funded Trader believes that these rules will not only filter out less experienced traders but also nurture and elevate those who demonstrate proficiency, discipline, and adaptability in the dynamic world of trading.
Aspiring traders seeking to prove their mettle have to explore the Direct Funded Trader’s Evaluation Program, which promises a challenging yet rewarding path toward becoming a funded trader.
About the Firm
Here are some important facts about the firm:
- Scaling plan up to $1,000,000
- Bi-weekly payouts
- Overnight holding allowed (except with standard fast funding program)
- News trading allowed
- Leverage up to 1:100