We’re going to chat about Skilled Funded Traders formerly smart funded trader today. It’s this super cool prop trading platform that’s all about giving their SFT traders a boost towards success. If you’re new to prop trading and want to grow your capital, or if you’re an old hand who needs solid funding, this might be right up your alley. Let’s dig into what makes Skilled Funded Traders prop firm a game-changer.
Skilled Funded Traders is this fresh platform for traders, giving them the funds and tools to chase their trading dreams. It’s really easy to use and has custom funding plans, so it’s caught the attention of prop traders from all walks of life. It takes a balanced approach to trading by focusing on education, risk management, and capital allocation. Basically, it sets you up for success.
Skilled Funded Traders is no longer trading, check out My Funded FX using the button below.
- Funding Opportunity:
- Education and Training
- Risk Management
- Performance-Based Payouts
- Real Market Conditions
- Access to Professional Tools
- Community and Support
- Able to use EA’s
- Capital Allocation Limits
- Stringent Rules
- Monthly Fees or Costs
- No weekend holding
What Sets Skilled Funded Traders Apart from Other Proprietary Trading Firms?
Top-Notch SFT Learning and Mentoring Programs
At Skilled Funded Traders, they’re all about giving their SFT traders the knowledge and skills they need to nail it in the financial markets. They offer tons of learning programs covering everything from technical and fundamental analysis to risk management and trading psychology. The idea is that by boosting your knowledge, Skilled Funded Traders prop firm helps you make smarter trading choices.
They also have some pretty amazing mentoring programs. They connect you with seasoned prop trading pros such as Omar Agag, Palden Bhutia, and Riz Iqbal who are all professional day traders and entrepreneurs. Collectively, they have over 15 years of trading experience and have been actively trading the Forex Markets for just as long . They offer advice, share insights, and help you navigate the trading landscape. This support from the sft team is especially great for traders new to prop firms since it accelerates your learning and helps you make better trading decisions.
SFT Funding Plans That Suit Every Trader
One thing that’s really cool about Skilled Funded Traders prop firm is its flexible funding options. They get that traders are different, so they have various account types to suit all kinds of trading styles and risk preferences. Whether you’re into day trading, swing trading, or long-term investing, there’s a sft funding plan just for you.
Their funded trading process is simple and transparent. If you meet the evaluation criteria, you’ll get a SFT funded trading account with set trading capital and become part of the elite SFT team. This means you won’t have to risk your own money and can focus on your trading strategies without worrying about finances.
Cutting-Edge Risk Management Tools
Skilled Funded Traders is big on risk management because they know it’s key for successful trading. They’ve got a whole toolbox of advanced risk management tools like real-time risk analytics, position sizing calculators, and stop loss mechanisms. These tools let you set your risk limits, protect your capital, and boost your trading performance.
Plus, Skilled Funded Traders has some strict risk controls to protect SFT traders and investors. Their risk management rules minimize the effect of bad market conditions and stop major drawdowns, keeping things sustainable.
Practice Makes Perfect with Simulated Trading
Skilled Funded Traders lets you practice your skills and strategies in a simulated trading environment without risking real money. This is especially handy for beginners still finding their feet. You can gain confidence, tweak your techniques, and learn from your mistakes without any financial hit.
The practice environment is made to mimic real market conditions. You can make trades, analyze charts, and track your performance, getting valuable experience before moving to live trading. This practical, hands-on approach is what sets Skilled Funded Traders apart.
Fair and Competitive Profit Sharing
When it comes to profit sharing, Skilled Funded Traders is pretty awesome. If you meet the targets and guidelines of the SFT funding program, you get to keep a big chunk (80% to 90%) of your trading profits. This means successful traders get rewarded for their hard work, and it’s a win-win for traders and the platform. The profit-sharing system is spelled out clearly, so you’ll know exactly that percentage of the profit you’re entitled to based on your trading success. This transparency builds trust and is a big draw for traders looking for a fair deal.
What Are The Options For SFT Funded Accounts?
When it comes to embarking on a journey as a sft trader, the options available to you can greatly influence your success. The Skilled Funded Traders program is designed to offer traders an opportunity to showcase their skills and disciplined trading approach while providing a clear path to earning a SFT funded trading account. In this section, we’ll dive into the details of the funded account options within the sft program, breaking down the evaluation phases, profit targets, risk management rules, and scaling plans.
Skilled Funded Traders is no longer trading, check out My Funded FX using the button below.
Evaluation Phases and Profit Targets
The Skilled Funded Traders program is divided into two evaluation phases, each with its own profit target. In the first phase, SFT traders are required to achieve a profit target of 8%. This profit should be attained while adhering to the stringent risk management guidelines: not exceeding a 5% maximum daily loss or an 10% maximum loss overall.
Transitioning to the second phase, SFT traders need to reach a profit target of 5%. Just like in the initial phase, maintaining the same risk management criteria remains essential. It’s worth noting that there are no specific minimum trading day requirements to progress to the second phase, allowing traders the flexibility to trade according to their strategies.
Transitioning to a SFT Funded Account
After successfully completing both evaluation phases, traders earn the coveted SFT funded trading account. Unlike the evaluation phases, funded accounts do not have profit targets. Instead, SFT traders must adhere to the 5% maximum daily loss and 10% maximum loss rules. This transition to a funded account is a significant achievement, offering traders the opportunity to continue trading with real capital.
For SFT traders receiving payouts from their funded account, the first payout occurs 14 calendar days after initiating the first position on the account. Subsequent payouts follow a bi-weekly schedule. The profit split for funded accounts varies from 80% to 90%, based on the trader’s individual profit. Additionally, traders have the flexibility to choose their profit split day up to three times, ensuring that withdrawals align with their convenience.
Scaling Plan for Account Growth
The Skilled Funded Traders program also presents an enticing scaling plan to incentivize consistent profitability. SFT Traders who maintain continuous profitability over each 3-month period receive an account increase of 25% of their original balance. Furthermore, as traders increase their account balance up to 28%, their maximum loss limit is raised by 2% for every subsequent 3-month period.
Trading Instruments and Rules
The evaluation program accounts provide a diverse range of trading instruments, including forex pairs, commodities, indices, and cryptocurrencies. This array of options allows traders to explore various markets and tailor their strategies accordingly.
It’s important to note that the program has strict rules and guidelines in place to maintain fairness and consistency. These include maximum daily loss and maximum loss limits of 5% and 10% respectively, for all account sizes. The program also prohibits the use of martingale strategies, ensuring responsible risk management.
Considerations for Copy Trading and EAs
The Skilled Funded Traders program is aware of the potential risks associated with third-party copy trading and expert advisors (EAs). While using these services, traders must be aware of the risk of trading the same strategies as others. This factor can impact the maximum capital allocation rule and the eligibility for a funded account or withdrawal.
In conclusion, the Skilled Funded Traders program offers a structured path for traders to demonstrate their skills and secure a funded trading account. With carefully crafted evaluation phases, transparent profit targets, a scaling plan, and risk management rules, this program caters to traders who are committed to disciplined trading and sustainable growth. Whether you’re a seasoned trader or a newcomer, the Skilled Funded Trader program provides a platform to thrive in the trading world.
Is Getting Funded On Skilled Funded Traders Realistic?
The prospect of getting funded through platforms like Skilled Funded Traders can be an enticing proposition for traders seeking to elevate their trading endeavors. However, the realistic attainment of funded status necessitates a thorough understanding of the platform’s mechanisms, expectations, and your own trading capabilities. Let’s delve into what traders should consider when evaluating the feasibility of becoming a funded trader on Skilled Funded Traders.
Understanding the Process
Skilled Funded Traders offers a pathway for traders to prove their skills and gain access to live capital, but it’s imperative to grasp the process intricacies. Traders embark on an evaluation phase, where they are required to meet specific trading goals and demonstrate consistent performance. This phase aims to assess your trading strategies, risk management, and overall profitability.
Evaluation Criteria
The evaluation phase involves meeting predefined profit targets within a set timeframe, while adhering to defined risk parameters. This means not only achieving profits but also managing losses effectively. It’s crucial to thoroughly comprehend these criteria before commencing your journey.
Trading Strategy and Adaptability
One key determinant of success is your trading strategy. Are you proficient in your chosen trading style? Do you have the adaptability to navigate changing market conditions? Skilled Funded Traders assesses how well your trading approach aligns with the volatile and dynamic nature of the financial markets.
Risk Management Mastery
Risk management is a cornerstone of successful trading, and platforms like Skilled Funded Traders emphasize this aspect. Your ability to control risk, manage drawdowns, and adhere to preset maximum daily loss limits plays a pivotal role in your evaluation. Demonstrating prudent risk management practices is a non-negotiable factor in becoming a funded trader.
Psychological Resilience
Trading is not just about numbers; it’s also about psychological fortitude. Maintaining emotional balance during wins and losses is critical. The evaluation phase gauges how well you handle the psychological aspects of trading, as this resilience is vital for consistent success.
Realistic Profit Expectations
While the allure of funded trading is undeniable, it’s important to approach it with realistic profit expectations. The evaluation process is designed to ensure that only traders capable of generating consistent profits, while managing risk effectively, progress to funded accounts. Remember, the objective is not just to trade profitably but to do so consistently over time.
Skilled Funded Traders Customer Support and Help
Email: support@skilledfundedtraders.com
Social Media Profiles
Skilled Funded Traders Trust Pilot Reviews
Skilled Funded Traders has received great customer feedback from its traders on Trust Pilot. With an overall score of 4.5 out of 5 from 1108 reviews.
Conclusion
In a nutshell, Skilled Funded Traders is a solid solution for traders wanting to make it big in the trading world. With its well-thought-out SFT funding programs, sturdy risk management tools, and focus on education, Skilled Funded Trader gives traders the confidence to tackle the ever-changing world of trading. Whether you’re new to the game or an experienced trader, this platform could totally revolutionize your trading experience. So, why not give Skilled Funded Trader a shot and open the door to a brighter trading future?
Skilled Funded Traders is no longer trading, check out My Funded FX using the button below.
FAQ's
How do I get started with Skilled Funded Traders (SFT)?
Getting started with Skilled Funded Traders is easy. Just go to their website and look at the funding options. Once you find the one that matches your trading style and goals, just follow the application process. You’ll have to provide some details and go through an evaluation. If you pass the evaluation, you’re good to go
Is Skilled Funded Traders (SFT) legit?
Yes, Skilled Funded Traders is a legitimate platform for traders. To join Skilled Funded Traders, traders need to meet specific criteria, which include demonstrating a steady track record, good risk management skills, and the ability to follow trading guidelines. They offer funding options tailored to various trading styles, whether you’re a scalper, day trader, swing trader, or long-term investor. This flexibility allows you to align your trading style with their funding programs. Moreover, Skilled Funded Traders is beginner-friendly, offering extensive learning programs, mentoring opportunities, and a simulated trading environment, making it an excellent choice for those new to trading. With comprehensive support, beginners can learn the ropes while managing risk effectively.
How do you pass the Skilled Funded Traders (SFT) program?
Skilled Funded Traders checks out a trader’s performance based on set metrics. Traders usually go through a simulated trading evaluation, where their skills, risk management, and adherence to guidelines are looked at. If you do well in the evaluation, you can move to live trading with a funded account.
Can I take out my profits from Skilled Funded Traders (SFT)?
Yes, you can withdraw your profits earned through Skilled Funded Traders. They’ve got a smooth withdrawal process, so you can get your earnings when you need them. Just keep in mind that profit withdrawals do have certain conditions based on the funding program agreement.
Can I pick my trading style on Skilled Funded Traders (SFT)?
Absolutely! Skilled Funded Traders has funding options for all kinds of trading styles. Whether you’re a scalper, day trader, swing trader, or long-term investor, they’ve got a funding program that’ll fit your style. This flexibility lets you fully use your unique strengths and strategies.
