what do you think on their pre-set max. drawdown size, is it an optimal one?
Mar 19, 2024
By: A_Santiago
4 Answers
MDD is the largest peak-to-trough decline of an investment during a specific period, expressed as a percentage. nIt’’s a key indicator of downside risk and helps assess the potential for losses during market downturns. A low MDD is generally preferred, as it suggests that losses from investments are minimal.
18 days ago
By: ajidejit85
pre-set maximum drawdown size is "optimal" depends entirely on your individual risk tolerance and investment goals; a low maximum drawdown is generally considered better, but the ideal level varies based on your circumstances, meaning a pre-set size might not be optimal for everyone and could be too restrictive or too lenient depending on your needs.
Feb 01, 2025
By: annrtkakde
I thought am quite a risk appetite person and could withstand a 2% drawdown on a daily basis and a 15% drawdown overall. Designed a system with proper backtesting as per this risk management and started trading.
Nov 07, 2024
By: ParpkinB81
You mean that 12% of max depo drawdown for challenge? Yeah, I think it’’s an optimal size, and I would even say, through the prism of my experience, of working with some prop trading firms, this one is the most user-friendly. I have an experience of passing through the assessment, when max drawdown was just 8% and that was... inconvenient, actually. This size is very optimal, at least I speak for myself.
By: Dumisani1341
Which type of assessment would you recommend to a scalper?
Mar 15, 2024
By: Tathagata_M
3 Answers
Scalpers can profit in today’’s electronic trading environment by using technical indicators that are custom-tuned to very small time frames. Scalpers should keep track of economic indicators such as GDP, inflation, and employment data, as these can impact market sentiment.
Dec 04, 2024
By: dinabg5186
You guys scalpers are always in hurry :D So I think speedy plan will suit you. It almost doesn’’t differ from classic standard one and judging by conditions it is quite suitable for scalpers. As far as I know, you guys don’’t have big drawdowns on your deposit, so you definitely won’’t break any rules.
Mar 31, 2024
By: Isaac_Segarra3
If you trade scalping, I would advise you to choose definitely the speedy challenge.
Mar 16, 2024
By: Steven_Hanekom
What is the minimum number of trades I have to do every day while participating in the challenge?
Feb 21, 2024
By: Almaraz_Hijo
Minimum 3 Trading Days . At least one position must be opened on at least 3 separate days to qualify. This applies to both the Challenge (first) phase and the Verification (second) phase but not the funded Ultimate Trader account.
Dec 13, 2024
By: taian_devi
The minimum trading day requirement is 10 trading days. Traders are expected to actively trade for a minimum of 10 trading days in the Express account.
By: afsdeatoon
uhm... no, pal, there is no strict limitation on the minimum number of trades executed daily. as far as I remember there are only restrictions on trading days, minimum ones, and some others like max drawdown or max daily loss. never heard of the minimum number of trades, sincerely speaking. if you are still hesitating about this, feel free to reach out to the client assistance team, they are amiable enough to resolve this issue :)
Feb 25, 2024
By: kabelo684
Which of the presented assessement packages you would offer to choose, Speedy or Classic one?
Dec 09, 2023
By: Dasra_Hegadi
Beginners should prioritize reducing risk over other considerations. Diversifying your portfolio by investing in different stocks and sectors can help reduce risk. A trading plan should include strategies that make money and perform well in different market conditions. Swing trading is a low-speed strategy that’’s good for beginners, but it’’s still important to take risk seriously. Some platforms offer tools to analyze indicators and execute trades.
Dec 12, 2024
By: MMaanali85
Dec 11, 2024
The Speedy Challenge involves just one phase of trading but under tighter risk-management constraints. There is no second step required to progress to the Ultimate Traders live account since it is comparatively much more demanding than the classic evaluation.
Well, if you are confident in your abilities then choose Speedy. You can pass the evaluation very quickly and get your hands on an increased deposit in a very short time.
Dec 17, 2023
By: PurshottamaM_a
Can you trust this prop trading company?
Dec 01, 2023
By: Anil_Sharma35
I wanted to try it out myself as a managing trader and one of my old friends who is also a trader, recommended to me this prop trading company because he has already passed the assessment and now he is getting payouts up to 90% from Ultimate Traders.
To determine if a prop trading firm is trustworthy, you can consider its reputation, history, and online presence. A firm’’s standing in the trading community can indicate its reliability and ability to provide a secure trading environment. A legitimate firm will have a professional tone, active social media accounts, and a polished website.
Dec 10, 2024
By: LalpkMohan
I got convinced of the safety of my data and funds. plus, they are working together with the t4trade broker which is also quite a well-known platform in trading circles. Ultimate Traders prop trading platform is a respected and trusted firm.
Nov 22, 2024
By: meegta_jat
Yeah, basically that was the reason why I actually decided to give them a try. I had had an experience of working with prop trading companies before I stumbled into this one. In fact, when you encounter a prop trading firm, you need to be convinced of its reliability, as it happens with conventional trading brokers. It’’s operated under the T4Trade broker which is considered to be a legit and trustworthy brokerage firm, so no worries about that.
Dec 02, 2023
By: Rajesh_kJR