Unveiling the Trading Objectives: A Comprehensive Comparison of Fidelcrest and True Forex Funds
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Navigating the Trading Landscape: Understanding Key Objectives
For traders seeking to elevate their trading prowess, understanding the trading objectives of prop firms is paramount. This comprehensive comparison between Fidelcrest and True Forex Funds (Limitless) unravels the intricacies of their trading parameters, empowering traders to make informed decisions that align with their strategic aspirations.
Phase 1 Profit Target: Setting the Foundation
– Fidelcrest Normal Risk: Embarking on a conservative approach, traders aim for a modest 10% profit target.
– Fidelcrest Aggressive Risk: For those seeking a more ambitious path, profit targets of 15% or 20% beckon.
– True Forex Funds (Limitless): Striking a balance, traders strive for an 8% profit target, laying the groundwork for sustained success.
Phase 2 Profit Target: Scaling New Heights
– Fidelcrest Normal Risk: Traders can opt for a 5% or 10% profit target, tailoring their strategy to their risk tolerance.
– Fidelcrest Aggressive Risk: Maintaining the momentum, profit targets remain at 15% or 20%, challenging traders to push their limits.
– True Forex Funds (Limitless): Consistency takes center stage as traders aim for a 5% profit target, ensuring steady progress.
Maximum Daily Loss: Managing Risk Effectively
– Fidelcrest Normal Risk: Prudent risk management is key, with a maximum daily loss capped at 5%.
– Fidelcrest Aggressive Risk: Embracing a higher risk appetite, the maximum daily loss extends to 10%.
– True Forex Funds (Limitless): Aligning with conservative principles, the maximum daily loss remains at 5%.
Maximum Loss: Safeguarding Capital
– Fidelcrest Normal Risk: Traders can rest assured with a maximum loss of 10%, providing a buffer against market volatility.
– Fidelcrest Aggressive Risk: For those willing to venture further, the maximum loss is set at 20%.
– True Forex Funds (Limitless): Striking a balance, the maximum loss mirrors that of Fidelcrest Normal Risk, capping at 10%.
Minimum Trading Days: Embracing Flexibility
– Fidelcrest: Traders enjoy the freedom to trade at their own pace, with no minimum trading days imposed.
– True Forex Funds (Limitless): To ensure consistent engagement, traders are required to trade for a minimum of 5 calendar days.
Maximum Trading Period: Setting Timeframes
– Fidelcrest (Both Risk Levels): Traders have 60 calendar days to complete Phase 1 and an additional 60 calendar days for Phase 2, with the option to extend Phase 2 indefinitely.
– True Forex Funds (Limitless): Unlimited timeframes for both Phase 1 and Phase 2, allowing traders to progress at their own pace.
Profit Split: Sharing the Rewards
– Fidelcrest Normal Risk: Traders retain a substantial 80% of their profits.
– Fidelcrest Aggressive Risk: Recognizing the higher risk appetite, traders are rewarded with a generous 90% profit share.
– True Forex Funds (Limitless): Aligning with industry standards, traders receive an 80% share of their profits.