I am looking at one of the prop-trading firm's trader program and they have a condition that says "Traders must respect an account draw-down limitation of 300 pips per month. "
I am looking at one of the prop-trading firm's trader program and they have a condition that says "Traders must respect an account draw-down limitation of 300 pips per month. " What does it means?
Ignored
'Draw-down - decline in the value of an investment, below its all-time high'.
It's strange that they gave you DD pips wise as most traders measure it using percentage.
I am looking at one of the prop-trading firm's trader program and they have a condition that says "Traders must respect an account draw-down limitation of 300 pips per month. " What does it means?
Ignored
Which prop trader is it.?
I'll check it out for you.
