Funded Challenge Pass

Embark on a new journey with us as we unveil our refreshed brand identity.

At Funded Challenge Pass, we're more than just a company – we're a symbol of steadfast dedication to success in the dynamic world of the Forex market.

Our brand new logo encapsulates the essence of the trader's path. The pristine white circle serves as a representation of the unwavering consistency essential for traders to thrive in the financial realm and emerge as profitable traders. Within this circle, two punctuations signify the inevitable disruptions in consistency, reflecting the reality that losses are an integral part of the trading journey. Yet, as the circle resumes, it mirrors the trader's resilient spirit to maintain constancy in the face of challenges.

A central motif reminiscent of the Forex Market takes center stage, connecting us to the heart of global trading. Its forward-leaning simplicity forms a subtle 'F' for Forex, the industry we champion. The upward-pointing arrow, casually rendered, embodies the spirit of growth, signifying progress and achievement.

But there's more to our logo – a second element gracefully shapes itself into an 'M,' representing the Market itself. It's a reminder that within this dynamic environment, opportunities await those who remain committed to mastering the art of trading.

Fundamental to our ethos is the belief that growth within the Forex market hinges on consistency. Be it the 90/10, 80/20, 70/30, or even the 60/40 rule, refinement accompanies experience over time. Losses are a given, but our focus remains steadfastly on the long-term journey. This commitment is the cornerstone that distinguishes us.

In an industry where patience is tested, our unwavering emphasis on consistency sets us apart from the crowd. We recognize that rushing leads to faltering – a truth underlined by the sovereign nature of the market itself. Our message is clear: success in Forex trading is a marathon, not a sprint.

Join us as we embrace this new chapter. Funded Challenge Pass – where consistency breeds success, and the journey is as vital as the destination.

Failing to prepare is preparing to fail.

TRUTH.

SPOT ON 💯

Many people prefer to skip the challenge step and buy the famous rapid or accelerated accounts.

But are they really worth it?

Let's point out 2 very important things for you to understand the difference.

1- For example on the MFF website, the price of a 100k Evaluation account costs USD 499. The 10K Accelerated account costs USD 485.

That is ... paying the same price you have an Evaluation account 10x bigger than the Accelerated account. And this obviously thinking with investors is an excellent deal.
Let's imagine that you have an average return of 5% per month.

5% of 10k is $500
5% of 100k is $5,000

And here many people get lost. Because they want to rush things. They buy a 10K Accelerated account with the thought of gaining leverage without having to go through the challenge, but at the same time they want the same return as a 100K account. They will make leveraged trades and in less than a week they lose the account, because the daily and maximum loss rules still exist in the Accelerated accounts as well.

2- And there is one factor that is the big difference. Generally the daily and maximum loss rules are much lower in relation to the conventional (2-phase) Challenge accounts.

So if you are thinking of starting to get a funded account think carefully. Analyze everything and see what is best for you.

Many people who are starting out in the market don't really understand what makes indexes go up or down so many points.

The answer is simpler than you think.
It is the law of supply and demand.

If the investors are positive, they will buy more stocks of that company and this will make the index go up. And it's the same thing the other way around. If the market is in recession, investors sell their stock and invest their capital in other safer investments at that time.

And when you have a scenario of uncertainty and tension in the market, volatility increases a lot. And at this time it is necessary to be careful especially with challenge accounts. Since they have a daily loss limitation. The index can rise 300/400 points against you and then give everything back. But by the rules of the prop firm you can lose your account in a matter of minutes.

The Nonfarm Payroll, better known simply as Payroll, is the indicator that reports the nonfarm payrolls in the United States. That is, it reports the entire employed and paid labor force in the country, excluding the primary sector.

Payroll is released by the Bureau of Labor Statistics. This indicator is part of an important report on the employment situation in the country, as it considers about 80% of jobs.

In addition, it is also possible to find out how the unemployment rate is, how many jobs have been created in recent months, and other important data about the American economy.

You may be thinking: but how can this report influence investments in other countries?

Payroll releases the data about jobs in the economy that most influences the other economies around the world, since the American financial market is one of the most important on the planet.

And as we said, this data is very important for the economy of any country, because it is like a thermometer about how it is and can influence some measures. For example, the release of the data can influence the interest rate in the United States.

And if the United States influences the world markets, a change in its interest rate can influence the interest rate of several countries.

The dollar can be directly impacted by the release of the Payrolls data. In turn, it has an influence on all the other world stock markets. Therefore, knowing the Payroll data can be important to predict the movements of stock markets, not only in the U.S., but worldwide - as it is impacted by the movements of the U.S. economy.

The Payroll release is part of the economic calendar in the United States. It is released every first Friday of the month.

EA (expert advisor) or better known as trading robots is an algorithm designed to automate trades.

Today on the market you can find a infinite number of EA's. With diverse strategies and objectives.

Some people are totally against the use of EA, others love it. It is all a matter of profile and what you are looking for.
It is an excellent alternative for people who don't have much time to follow the market but want somehow to have some profit inside the forex market. Other people just use EAs because they don't understand anything at all and think that EA will be the miracle of their lives. And that's one of the big dangers in using trading robots.

The EA can be a great alternative for your strategy, but just like manual trades it will never be a guarantee of success.
In fact the EA is customized from the experience of a professional trader.
It tries to create an algorithm that mirrors the manual trades. In other words, the EA has to be the trader's brain inside the financial market.

It is no simple task to develop an EA that is first and foremost safe in terms of risk management. Unfortunately we have several clients that come to our company reporting that they lost their challenges or even their financed accounts making use of EA.

The message we leave for people who want to use EA in their trades is the following:
Do you have enough experience in the financial market to understand what an EA has to do in your own capital account or in your challenge?

If your answer is no, the chance of failing with EA use is very high. Especially when it comes to challenges.

But let's give you a hint:
Before you decide to buy an EA know first of all what is the maximum daily drawdown that this EA can have. There are EA's that sometimes get -10% but making +2% per day. Is this EA good? In a way yes! But for challenge it does not work.

That is why it is very important to understand the SET FILE (settings) of the EA that you want to buy.

Setup clean 😍👌

The Nasdaq 100 is an indices comprised of the 100 largest non-financial companies traded on the Nasdaq stock exchange.

The Nasdaq 100 is one of the most famous stock indexes in the world. It was started in 1985 and has a market cap of more than $7 trillion.

The major Nasdaq companies are Apple, Microsoft, Facebook, Amazon, and Alphabet (the holding company that owns Google).

And do you like to make trades on this indice? 👌😉

Interest in funded accounts has increased in recent months. And many new companies are appearing on the market.

Before you choose the prop firm for your challenge keep in mind the following points:

1- See if this company pays the funded traders correctly.

2- Look for more flexible rules about daily maximum loss.

3- See if you can get a second chance.

4- Analyze everything that can help your strategy.

Do analysis, not bets
Don't rush the market
Have Consistency

----
Like, comment and share

Every day we receive messages from people looking for our services because they have lost their challenges.

And when we ask why, most of the answers are:

I rushed the market! In other words she opted for luck to make her trades.

The loss of challenge for those who opt for luck is a consequence of choosing high lots, high volume trades.

Have patience and good trades.The loss of challenge for those who opt for luck is a consequence of choosing high lots, high volume trades.

Have patience and good trades.

Here in our feed we have already done a post talking about the economic calendar. Through it we can follow news, reports on the financial market around the world. And each news/report has a strength/impact on the market.

Some of these news/reports are responsible for generate big movements and excessive volatility. On one hand some see this as positive. But there are many market manipulations that can generate false moves.

Talking about challenges, this can be a risky strategy. Because we must not forget that there are rules to be followed. And one of them is the daily risk. And news like Payrrol (NFP) for example can bring you significant losses and even disqualification from the challenge.

👌

Prop Firms challenges consist mostly of 2 phases.

1- Challenge. This phase is usually 30 days long.

2- Verification. This phase is usually 60 days long.

Each phase has profit targets and daily and maximum loss levels.

The prop firms want to analyse the consistency of the traders and see if they have the capacity to receive a funded account respecting the rules. Many traders want to pass challenge in 2 or 3 days. And it's not about that. A successful trader has consistency and not speed.

And from the moment you receive your funded account the Prop firm starts to copy your trades in the company accounts and get profits from different funded traders.

Yes, we love to make trades on Gold (XAUUSD) in our challenges.

Gold is a commodity that respects a lot of supports and resistances. Besides being an asset that investors look for when stock markets fall and when there is a reason that leads to the devaluation of the dollar making gold rise.

And you, do you like to trade in Gold?