- Start earning in under 2 weeks with TrueForexFunds and ApexTraderFunding.
- This can be used when there is a strong set up.
- The first stage can be passed after gaining 8% whereas stage two requires 4%.
- Be sure not to breach the 5% daily loss limit, place stop and apply risk management at 4-4.5% loss then try again the next day.
- The good thing is you can trade aggressive high risk if you want to pass quickly in a few days or you have the option to take your time. as long as you are in a profit and you don’t reach the target in the 30 or 60 days given you can retake the challenge for free on both stages as many times you need.
This is a very important concept as although it goes against the post title, however in reality given the nature of trading and the markets along with the skill required to pass, this approach enhances the chance of passing and provides a potential risk free opportunity. (Once you pass and make a small profit you will receive your fee as a refund along with your first withdrawal.)
So by employing a strategy such as risk 1% per trade until reaching 3%, then risk 3% the next trade. if this is a winner, then 4 % for the next trade to complete the target 10%. Otherwise revert back to 1% risk until reaching 3% and repeat the cycle.
You may need to resort to playing for a retry as the time may be running out so ensure there is a small profit made or at last resort place required risk to remove any negative equity to qualify for the free retry.
- Note: We advise 0.5% risk on average per trade, can be lower or slightly higher depending on setup and market conditions but not greater than 1%
ApexTraderFunding require minimum seven trading days before they allocate a funded account if the target is met.
You can hit the target in less days then trade minimum contract size single trade per day to make up the days.
Be aware of trailing stop loss on this account in line with equity going above initial balance. ie you start with 50,000 and make 1,000 profit. the initial max loss of 2,500 @ 47,500 would now move to 48.500.