Challenge step FAQ
Can I open the maximum contracts from the get go?
Absolutely! You can open the maximum number of contracts right away. While it’s recommended to follow a scaling plan, it’s not mandatory.
What is FlexyTrade’s drawdown type?
FlexyTrade uses the trailing drawdown as the main Risk Management parameter.
What exactly is the trailing drawdown?
A trailing drawdown is a risk management feature that adjusts the maximum allowable loss limit upwards as the equity in your trading account increases.
It "trails" your highest account balance, ensuring that the drawdown limit increases with successful trades but does not decrease with unsuccessful ones. This allows you to secure profits while limiting losses, providing a dynamic way to manage risk as the account balance grows.
How can I monitor my trailing drawdown?
You can monitor your trailing drawdown directly from your RTrader Pro or on your FlexyTrade dashboard. Check this guide for more details.
What are the minimum and maximum trading days to pass the challenge?
There are no set minimum or maximum trading days, but we do ask that you remain an active trader. Please keep in mind that we do not allow purchases of a challenge solely to get access to Market Data and trading platform license.
Can I leave an open position overnight?
No, you cannot leave an open position overnight; overnight positions are not allowed.
I passed the challenge step, What's next?
Congratulations on passing the challenge step! You’ll receive your success certificate next. After that, just sign the agreement and pay the activation fees. You can complete these steps seamlessly by following the instructions provided in this guide.
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