MyFundedFX January 2025 Competition for a Chance to Win

MyFundedFX has officially shared its highly anticipated January 2025 competition. This event offers traders a chance to showcase their skills and potentially secure a funded account with the firm, all while adhering to specific trading rules designed to ensure fairness and professionalism.

The competition features a 100K account size, giving participants the opportunity to trade with substantial capital. However, there are certain restrictions to maintain the integrity of the event. Notably, a 5% daily drawdown limit based on the balance ensures that traders manage risk effectively and avoid excessive losses on any given day. Additionally, there is an 8% max drawdown based on the initial balance, ensuring traders don’t exceed predetermined loss limits during the course of the competition.

MyFundedFX January 2025 Competition for a Chance to Win

One of the key rules is the prohibition of expert advisors (EAs). This gives an advantage to skilled traders who rely on their own strategies and decision-making, as opposed to automated systems.

To ensure fairness, participants are limited to a maximum of 5 lots across all assets at any one time. This rule prevents traders from overleveraging and encourages a more balanced approach to trading across different instruments.

Both news trading and swing trading are allowed, providing flexibility for traders to use various strategies. The firm also limits participation to one account per household, ensuring that the competition remains accessible and fair for all participants.

This competition is an excellent opportunity for both novice and experienced traders to prove their abilities in a real-world setting. With a chance to manage a substantial account and trade under realistic conditions, MyFundedFX is offering a platform for talented individuals to potentially kickstart their trading careers.

Closing Remarks

By limiting entries to one account per household, MyFundedFX promotes fairness and equal opportunity. For those looking to prove themselves in the world of prop trading, this event is an ideal platform to start and possibly secure a funded account for future success.

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