Local proprietary trading assessment that is more suitable for Chinese traders—EagleTrader

In recent years, overseas self-operated trading exams have emerged one after another. Most of this type of trading model are provided by institutions to test simulated accounts. After subsequent clearance, traders’ profits are shared with institutions, which means that there is no need for deposit costs when doing transactions in the self-operated trading exam.

Although technology can lead to long-term trading, without funds is also helpless, so many traders will pass the self-operated trading exam to continue their dream of “trading”. Nowadays, there are so many self-operated trading exams on the market, how should traders choose?

What is the self-operated trading exam?

Owned trading is an assessment model that uses self-operated company funds, rather than trader funds, to trade. Its advantage is that the amount of money obtained by traders is higher than what ordinary exchanges can obtain, and there is no need to use the trader’s own funds to take risks.

However, most proprietary trading exams have an evaluation process, requiring traders to pass the assessment first before they can prove to the proprietary companies that they can create sustained profits and obtain funds.

Most of the self-operated trading exams that are well-known to traders are from overseas self-operated companies, but in recent years, overseas self-operated trading exam platforms have frequently exploded. Be sure to be wary of their operational risks when choosing. According to incomplete statistics, there is True, a self-operated trading examination platform that has been closed overseas in recent years.
Forex Funds, Funds For Traders, Karma Capital and other platforms.

Compared with the high risk of overseas platforms, the self-operated trading exam operated by domestic licensed institutions has more obvious advantages, such as the EagleTrader Asset, which holds license number 4 and license number 9 issued by the Hong Kong Securities Regulatory Commission in China.
The EagleTrader trader selection examination run by Management Limited is one of the few local self-operated trading examinations in China.

In terms of registration and payment, domestic self-operated trading platforms are also more convenient. Overseas platforms mostly use euros or US dollars to pay, while domestic platforms like EagleTrader have RMB payment methods, which greatly facilitates domestic traders.

Owned trading assessment process

Most self-operated trading exams have the largest loss, profit target, transaction times and trading cycle length. Take the domestic self-operated trading exam EagleTrader as an example. The assessment and evaluation stage is divided into two rounds, namely the preliminary examination and the re-examination.

In the initial trial, the maximum daily loss cannot exceed 5%, the maximum account loss cannot exceed 10%, the profit target must reach 10%, the minimum trading days must reach 4 days, and the maximum time is unlimited.

In the re-examination, the maximum daily loss cannot exceed 5%, the maximum account loss cannot exceed 10%, the profit target must reach 5%, the minimum trading days must reach 4 days, and the maximum time is unlimited.

The following is the trading goal of EagleTrader taking the account size of US$100,000 as an example:

Under the screening of two rounds of strict conditions, the luck component in the transaction gradually decreases, and the real strength of the trader can be highlighted.

How to pass the domestic self-operated trading exam

Some traders may think that the assessment conditions set by EagleTrader are relatively strict, which limits performance to a certain extent. However, you can make a name for yourself in the exam by following the following methods: 1. Strengthen risk management

Excellent risk management is the key to ensuring the safety of funds. The risk exposure of each transaction should be strictly controlled within its affordable range, while always paying close attention to the maximum loss limit. Never turn a blind eye to risks because of excessive pursuit of high profits, otherwise it is very likely to lead to transaction failure.

Review trading performance regularly, deeply analyze the root causes of transaction success and failure, and make targeted adjustments in subsequent transactions based on this. By continuously optimizing trading strategies and risk control measures, trading skills and trading confidence will be gradually improved.

2. Strictly abide by trading discipline

Trading discipline is a core element to success. It is important to operate consistently according to the established trading strategy and resolutely avoid emotional trading behaviors, which plays a crucial role in maintaining stable trading performance.

Patience is also indispensable in the trading process. You need to be patient and wait for the most appropriate trading opportunities and avoid frequent trading. It should be clear that transactions are not required to be done daily, but at the right timeTake decisive action. Reasonably control the transaction frequency and select trading opportunities with high probability of winning, so as to significantly improve the transaction success rate.

3. Stay calm and rational

In high-pressure environments like the EagleTrader exam, staying calm is the core point of dealing with stress. No matter what situation you face, we must resolutely avoid emotions interfering with trading decisions. When encountering losses, you must learn to adjust your mentality quickly and always be confident in your established trading strategy.

In addition, you can actively learn from the mature experience of other traders, deeply learn their trading strategies, risk management methods, and mentality adjustment methods, and flexibly use them in combination with their own actual situation.