Forum Replies Created
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- March 2, 2023 at 1:01 pm
- in reply to: FundedNext – Discussion/Q&A
Is it true that most of the negative comments on Trustpilot are fake? Can anyone confirm please?00- February 17, 2023 at 11:18 am
- in reply to: FundedNext – Discussion/Q&A
Why are there so many negative comments about FundedNext recently, does anyone know? Please let me know what is the reason behind there negative comments.00- September 9, 2022 at 8:00 am
- in reply to: Surge Trader – Discussion/Q&A
This is to help all the traders who don’t know what a trailing drawdown is. This is the explanation they have posted on their website.”Our Maximum Trailing Drawdown is the maximum your account can drawdown before breaching your account. The initial level is set at 5% from the starting balance of your account. As your account balance increases, the trailing maximum drawdown follows you up until you achieve a profit target of 5% in your account. Once you have achieved a 5% profit target in your account, we take off the trailing drawdown and allow our traders to draw back down to their initial starting balance before breaching the account.
This means for profitable traders the maximum trailing drawdown can be greater than 5%.
For example, if you have a $100,000 account, you can go down to $95,000 before being disqualified. Let’s say you are a profitable trader and make $4,000 in your account. Your High-Water Mark is now $104,000 (balance, so just closed trades). Your max drawdown limit will be $99,000. Next, you make an additional $1,000 in your account. So, your new High-Water Mark is $105,000. Here is where it will lock in, so as your High-Water Mark rises your max drawdown limit will stay at $100,000, which means your maximum drawdown increases beyond 5%. Let’s say you grown your account to $120,000. Your effective maximum drawdown level is now 20% (4x greater).”
I hope it helps.
00- August 31, 2022 at 6:41 am
- in reply to: FundedNext – Discussion/Q&A
Which of the two models that they offer would suit a beginner trader more? The Express model or the Evaluation model?00- July 6, 2022 at 7:12 am
- in reply to: FundedNext – Discussion/Q&A
I love the fact they reduced their minimum trading days to 5 for each phase. I am seriously considering joining them next!00- June 8, 2022 at 5:13 am
- in reply to: My Forex Funds – Discussion/Q&A
Just became funded with My Forex Funds, can’t wait to start earning!00- May 24, 2022 at 8:13 am
- in reply to: My Forex Funds – Discussion/Q&A
Bought their $20k evaluation challenge and just passed phase 1Hope to get funded next month
00- May 4, 2022 at 10:13 am
- in reply to: FundedNext – Discussion/Q&A
This prop firm looks very good, anyone has any information if they are legit?00- April 22, 2022 at 10:08 am
- in reply to: Surge Trader – Discussion/Q&A
Can someone please explain this trailing drawdown, I’m confused… Appreciate it00