Its all about the mindset and following a trading risk management plan when you execute your trade. The asset class you trade is irrelevant in the grand scheme of trading. You can trade any forex pair or option contract or future contract or a CFDs instruments as a swing trader or an intra-day trader. It doesn't matter if its retail or insiders executing trades. It doesn’t matter if you're trading a two figure or ten figure portfolio because without proper trading risk management you stand to risk the loss of 100% of your portfolio in a couple of trades.
Our capital, your skills
Lets run a scenario where you wake up with $10,000 in your bank account. All your expenses accumulated for the month come up to $6000 for the whole year. You now decide to have an emergency savings of $2600 saved up for the whole year. This leaves you with $1400 left to grow your money. Lets say you decide to get a $100K two step double axe prop firm account with Axe Trader for $698. (The double Axe allows you two chances to pass your evaluation phase instead of one). Hence you have 4 chances every year to pass your $100K two step double axe account to get a funded account. This should cost you $1400 aprox inclusive of taxes.
You now decide to trade your $100K account with a trade plan to not lose more than two consecutive trades per day. This plan optimal for longevity in your prop trading career. You now decide to risk 1% of the account size per trade. With the Double Axe Two Step Prop Firm Model you have a maximum drawdown of 10%. This allows you to have 10 A-Plus trade set-ups to hit a profit target of 8% in Phase One and 5% in Phase Two. If you fail at anytime during each phase you will have the chance to do this all over again for free with the Double Axe Two Step Model from Axe Trader. This gives you 20 consecutive losses overall for your investment of $698 to get funded with Axe Trader.
This is how you budget your yearly expenses and still have enough left over to grow your bank account with prop firms like Axe Trader. You can even start now with an investment of $98 for a double axe two step $5K account!
So, are you ready to take your trading to the next level? Traders get the funding you need with Axe Trader. Follow us on our socials to keep upto date with promos, and new updates to our business operations. Here’s all our Axe Trader social handles:
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Take advantage of our extensive resources, expert support, and a trading environment designed for your long-term success.
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Begin your journey towards becoming a successful trader with Axe Trader: Assume Zero Risk - Keep upto 100% of the simulated profits!
Axe Trader Ltd. offers fee-based assessment services and facilitates connections with third parties for Potential Traders who meet specific criteria defined by Axe Trader (“Eligible Traders”). Our services involve evaluating the simulated trading performance and results of Potential Traders in certain virtual off-exchange foreign currency instrument pairs (“Forex”) and/or selected virtual contracts for differences (“CFDs”). We conduct data analysis based on simulated trading activities in demo accounts traded by Potential Traders through Axe Trader’s platform, utilizing data provided by a third-party broker. Our methods and techniques are established and maintained by Eligible Traders.
Axe Trader grants access to a third-party’s simulated trading platform, related demo accounts, and simulated trading information for the purpose of conducting data analysis and assessment services. This third-party offers Eligible Traders a simulated trading environment and an opportunity to earn a share of virtual trading gains generated in demo accounts, as specified in their agreement with the Eligible Trader.
Additionally, Eligible Traders acknowledge and agree, as outlined in their agreement, that the third party has the right to collect and use the data obtained from Axe Trader for their own benefit, including the option to replicate trading activities based on this data. The third party also retains the right to incorporate any information received from Axe Trader regarding Eligible Traders into actual live market trading, which they will conduct for their own account and at their own risk.
Theoretical performance outcomes should not be considered as reflective of real trading experiences and are typically formulated with the advantage of historical knowledge, which may either overstate or understate the influence of specific market factors such as limited liquidity and price fluctuations. Moreover, since theoretical trading does not carry financial risk, it cannot fully encompass the impact of various risk-related elements, including an individual’s or advisor’s capacity to manage losses or adhere to a specific trading strategy when confronted with trading setbacks.
