Managing drawdowns effectively is critical in passing the evaluation phase. A drawdown is a decline in your account balance from its highest point, and proprietary trading firms often impose strict maximum drawdown limits to safeguard their capital. Effective risk management is a key factor in passing the funded account evaluation. Prop trading firms strongly best…

These traders don’t necessarily intend to take physical possession of the currencies themselves; they may simply be speculating about or hedging against future exchange rate fluctuations. With deposit requirements of a few dollars, you can easily fund your account and start trading. Not only do they allow you to take prominent trading positions, but they…