Introduction
Trading evaluations are a critical component of ETX Funding's approach to assessing and supporting traders. This article delves into key questions about the trading evaluation process, offering insights into how traders can qualify, what metrics are used for evaluation, and the potential for scaling accounts.
What is a growth target?
A growth target in trading evaluations is the percentage gain a trader must achieve to pass a particular phase. For instance, an 8% growth target on a $100,000 2-Step Evaluation requires a gain of $8,000.
How can I qualify for a funded trading account?
To qualify for a funded trading account at ETX Funding, traders must pass our evaluation process. This involves demonstrating consistent gains and risk management skills over a period.
What are the performance metrics you use to evaluate traders?
We evaluate traders based on gains, risk management, drawdowns, and consistency over time. These metrics are crucial in determining a trader's suitability for our funded trading accounts.
What is the performance reward?
The trader will receive a performance reward equivalent to 80% of the notional value of their simulated trading profits. This value is calculated using the same principles that govern actual market trades but is applied to the simulated trades executed by the trader. Performance reward can increase to 90% with the purchase of the Add-on or 4 consecutive performance rewards received.
Conclusion
The trading evaluation process at ETX Funding is designed to identify and support traders. Understanding these key aspects of the evaluation process is essential for traders looking to succeed and grow with ETX Funding.