MyFundedFX Passed and Breached Statistics- Here they are!

MyFundedFx has unveiled its trading performance statistics for the week spanning November 6th to November 12th.

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MyFundedFx has unveiled its trading performance statistics for the week spanning November 6th to November 12th. The report provides insights into the number of trading accounts that either failed to meet performance benchmarks or successfully passed during this period.

Key Figures:

MyFundedFX Statistics

These statistics shed light on the challenges faced by traders associated with MyFundedFx during the specified week. A total of 6418 trading accounts fell short of the required performance standards, indicating a variety of factors such as market volatility, strategy execution, or risk management issues.

On the positive side, 1321 trading accounts managed to meet or exceed the performance criteria set by MyFundedFx, showcasing successful trading strategies and disciplined risk management.

MyFundedFX Passed and Breached Statistics- Here they are

MyFundedFx has not provided detailed breakdowns of the specific reasons for breaches or the criteria for passing.  The disclosure of such statistics is a common practice among proprietary trading firms, providing transparency and accountability to the traders associated with them. It also serves as a valuable tool for the trading community at large, offering a glimpse into the challenges and successes within the trading environment.

Traders and stakeholders in the financial community will be keenly observing these statistics as they provide a snapshot of the overall health and performance of traders affiliated with MyFundedFx. The firm’s ability to adapt to changing market conditions and support its traders will likely be a topic of interest in the coming weeks.

As the prop landscape continues to evolve, such data releases contribute to fostering a culture of transparency and accountability within the trading industry. MyFundedFx’s commitment to sharing performance statistics reflects its dedication to openness and will undoubtedly contribute to ongoing discussions surrounding prop trading and risk management strategies.

Key Points

  • MyFundedFx released trading stats for Nov 6th-12th, revealing 6418 accounts fell short.
  • 1321 accounts surpassed the criteria, showcasing successful strategies.
  • Specific reasons for breaches or passing criteria are not detailed by MyFundedFx.
  • Data release aligns with transparency norms in proprietary trading.
  • Traders and stakeholders will closely observe the overall performance and adaptability of MyFundedFxin evolving market conditions.

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The Funded Trader follows a belief that every retail trader deserves an opportunity to raise capital based on their performance and commitment to building their own business. They are searching for passionate and experienced traders who will succeed with the help of their funds by showing skills in various market conditions.

Finotive Funding is a proprietary firm founded by Oliver Newland, who understands that capital is, in most cases, the biggest obstacle to becoming a full-time trader. His goal is to create a process that will allow a way for retail traders worldwide of growing their capital and allowing them to generate significant returns.

Bespoke Funding strives to create unique funding opportunities for traders worldwide by creating approachable ways to become a professional, funded trader who can remotely manage their capital. They have developed a user-friendly experience with the industry's best technology to back it.

MyFundedFX offers traders three different challenge programs that aim to provide an opportunity to trade without risking their own capital. Profitable traders receive a payment based on a specific percentage of the profits they make while having no liability on the firm's capital, meaning that they will cover all losses.