Am I allowed to hold trades over the weekend?
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Am I allowed to hold trades over the weekend?
Yes, certainly! There are no restrictions on trade durations, and traders are permitted to keep their positions open over weekends.
Am I guaranteed funding after passing?
Although we extend funding to nearly all traders who successfully pass, there are infrequent instances where we may opt not to provide funding. This decision could stem from the belief that their trading aligns poorly with our risk tolerance or lacks adequate data for evaluation. In such very uncommon scenarios, we engage in discussions to […]
Do I forfeit the profits in my funded account if I breach the daily or max loss?
Yes. Breaching the daily loss limit or the overall loss limit means losing your profits as well.
What happens if I don’t trade for several weeks?
Should you abstain from opening, closing, or modifying any positions for a continuous period of 30 days or more, your account will be subject to closure. If you possess a funded account, your entitlement to the performance fee derived from the account’s profits remains intact. Regrettably, if account termination occurs as a consequence of inactivity, […]
What happens after passing the assessment?
Once you successfully pass the assessment, you’ll receive a funded account to exercise your trading discretion. This account allows you to trade using capital provided by FT Mogul with a DX Trader account.
Do I have to place a stop loss on my trades?
Yes. Stop loss and take profit orders are strongly advocated for risk management purposes as default measures. We urge all traders to implement them during assessments and while engaging with funded accounts. Within the realm of FT Mogul accounts, stop losses are obligatory by default. Any position initiated without a stop loss will undergo automatic […]
What is the maximum exposure I can have in my account?
All accounts are subject to stringent exposure limits, which are enforced to mitigate risks for both you and us. The maximum quantity of lots you’re permitted to open simultaneously is contingent on your account size and the chosen leverage. For instance, with a $25,000 account and 1:10 leverage, your maximum exposure is set at 2.5 […]
What is the max trailing loss rule?
Exceeding a drawdown of 10% from the high watermark within your account equity will lead to a breach of the max trailing loss rule. The high watermark is initially equivalent to your starting balance when commencing an assessment or funded account. As you accumulate profits, your high watermark escalates, while losses do not cause it […]
What is the max daily loss rule?
Should your account equity experience a drawdown of 5% or more within a single day, you will trigger the max daily loss rule. This rule is activated when your equity drops below 5% of your end-of-day balance from the preceding day at 21:00 UTC. The end-of-day balance is recalibrated daily. To gain further insight and […]