Introduction
The evaluation phase at My Funded Futures is an important step to obtain a funded account. In this article, you’ll learn how to optimally prepare for this phase.
1. Understand the Requirements
Before you start the evaluation phase, it is important to understand all the requirements and rules.
Requirements:
- Achieve profit target
- Maximum drawdown
- Trading hours and permitted instruments
2. Develop a Trading Strategy
A well-thought-out trading strategy is essential. Test different strategies on a demo account and choose the one that best suits your trading style.
Popular Strategies:
- Trend following strategy
- Breakout strategy
- Swing trading
- Scalping
3. Risk Management
Effective risk management is crucial to minimize losses and meet the requirements of the evaluation phase.
Tips:
- Set stop-loss orders
- Never risk more than 1-2% of your capital per trade
- Diversify your trades
4. Prepare Mentally
Trading can be emotionally challenging. Prepare mentally for the challenges of the evaluation phase.
Tips:
- Practice mindfulness and meditation
- Set realistic goals
- Take regular breaks
5. Use Educational Resources
Educational resources can help you improve your trading skills and be better prepared.
Resources:
- My Funded Futures webinars and tutorials
- Books and articles about trading
- Online courses
Take Advantage of Discounts
Use the coupon code clever to get an additional 5% discount on any ongoing promotional offers. This can help you reduce your costs and be better prepared for the evaluation phase.
Conclusion
Careful preparation is key to success in the evaluation phase at My Funded Futures. Understand the requirements, develop a trading strategy, use risk management, prepare mentally, and use educational resources. Use the affiliate link and the discount code clever to start your trading journey and benefit from additional discounts.
