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There are a few people asking me about the $200k funding from MyForexFunds, which I recently passed both Phase 1 and Phase 2. Now waiting for the Live Account
1) What is MFF (myforexfunds)?
- It's one of many propriety trading firms out there, namely FTMO and TFT. Basically, you pay a small fee to get a big equity account, aka become a fund manager. For an example, in MFF, to get $10k account, you will need to pay $84 (before discount/referal code).
2) Evaluation Phase 1 and Phase 2
- In MFF Phase 1, your target is to achieve 8% target within 30 days, while not having more than 5% daily drawdown. For an example for 10k account, you will need to achieve $800 profit within 30 days. but if you have negative floating values above $500 at any time of the day, you will be disqualified immediately and lose your account. you can have a maximum 12%($1200) loss for this 30days Phase 1 period.
in MFF Phase 2, the target is only 5% within 60 days. basically, phase 2 is easier than phase 1.
3) Live account
-Once you passed Phase1 and Phase 2, you will get a live account. in the first month, the profit sharing is 75-25, 2nd month is 80-20 and third month onwards is 85-15.
-in the first payout, you will get back your fee (that $84 you paid + profit sharing)
- no profit target for Live account., but Drawdown rules still the same ie 5% daily ,and overall 12%.
I have tried $10k and $200k account, both I passed successfully. My advice is, dont think about the profit first. The most important thing is to protect your equity, so the only way to achieve this is by using proper lot size and risk management.
as i mentioned before, Compounding your account is almost an impossible task. not many people are able to do it. Many people tried, including me, failed miserably. But since I started to trade using prop firms accounts, i have not lost any account ie MC or Stop Out, because trade conservatively is more relaxing.
If you want to signup for an MFF account, you can use my referal link, both you and me will get 5% off.
https://myforexfunds.com/?wpam_id=147639
also, there is no 100% sure win technique. We can only minimize our risk. Thats why we do chart technical Analysis.
One more, do not expect your entry to be zero float all the time. allow some margins for floating. Do not over overleverage your positions then you are good to go.
1) What is MFF (myforexfunds)?
- It's one of many propriety trading firms out there, namely FTMO and TFT. Basically, you pay a small fee to get a big equity account, aka become a fund manager. For an example, in MFF, to get $10k account, you will need to pay $84 (before discount/referal code).
2) Evaluation Phase 1 and Phase 2
- In MFF Phase 1, your target is to achieve 8% target within 30 days, while not having more than 5% daily drawdown. For an example for 10k account, you will need to achieve $800 profit within 30 days. but if you have negative floating values above $500 at any time of the day, you will be disqualified immediately and lose your account. you can have a maximum 12%($1200) loss for this 30days Phase 1 period.
in MFF Phase 2, the target is only 5% within 60 days. basically, phase 2 is easier than phase 1.
3) Live account
-Once you passed Phase1 and Phase 2, you will get a live account. in the first month, the profit sharing is 75-25, 2nd month is 80-20 and third month onwards is 85-15.
-in the first payout, you will get back your fee (that $84 you paid + profit sharing)
- no profit target for Live account., but Drawdown rules still the same ie 5% daily ,and overall 12%.
I have tried $10k and $200k account, both I passed successfully. My advice is, dont think about the profit first. The most important thing is to protect your equity, so the only way to achieve this is by using proper lot size and risk management.
as i mentioned before, Compounding your account is almost an impossible task. not many people are able to do it. Many people tried, including me, failed miserably. But since I started to trade using prop firms accounts, i have not lost any account ie MC or Stop Out, because trade conservatively is more relaxing.
If you want to signup for an MFF account, you can use my referal link, both you and me will get 5% off.
https://myforexfunds.com/?wpam_id=147639
also, there is no 100% sure win technique. We can only minimize our risk. Thats why we do chart technical Analysis.
One more, do not expect your entry to be zero float all the time. allow some margins for floating. Do not over overleverage your positions then you are good to go.
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Esok Sabtu kita belajar simple teknik satu lagi. Base Trading System. 10pm juga. On?
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