How long it takes to pass your evaluation.
Some traders pass quickly, while others take weeks or months. Understanding this metric helps with planning and evaluating trading consistency.
A trader with a $6,000 profit target reaches it in 7 trading days, while another trader with the same goal takes 30 days due to a more conservative strategy.
The number of phases a trader must complete to qualify for a funded account. Each phase typically includes meeting profit targets while adhering to risk rules.
The initial amount of capital allocated to a trading account in an evaluation or funded account.
The specific profit amount a trader must achieve to pass an evaluation or progress to a higher account level.
The maximum amount a trader is allowed to lose in a single trading day. Exceeding this limit typically disqualifies the trader. There are different types of loss limits, so it is important to understand the type that applies to a chosen plan.
The maximum permissible loss from the starting balance or peak balance. Breaching the drawdown limit ends the evaluation or funded account.