CryptoFundTrader Rules

Please read the following points to better understand the concept of CFT.

• CryptoFundTrader is a prop-trading firm that offers company's capital to traders (usually professionals) to trade in stocks, bonds, forex, crypto, indices, futures, and commodity markets etc.

• To offer this to the general public, they have a 2 challenge phases that traders have to pass to prove that they are good at trading.

• As a repeat of the rules:

  • Do NOT both long and short the same symbol at the same time, . Closing a position is NOT done with the "Sell" button - it is done with the "Close position" button

  • Don't risk more than 5% in a day (optimally only risk 2-3% a day). Always have stop losses set, and you can see how much you are risking by typing `!positions` with our bot

  • These rules are for both your trial accounts AND live accounts

• CryptoFundTrader has 2 types of challenges, before actually funding you with company's capital to trade with:

  • 2 Phase program

    • In the first phase, the user to reach a profit target of 8% with a maximum daily loss of 5%, and a maximum trailing loss of 10%.

    • After successfully passing the above, the user gets sent a new set of account credentials to start with the 2nd challenge of 2 phase program where the user has reach a profit target of 4% with the same set of rules.

    • After the user passes this as well, they finally get a funded account where can they start their real trading journey.

  • There is an indefinite trading period for both the phase programs explained above, meaning you can take as much time as you want to complete the challenges.

After you have understood the above, direct message the Bot to further interact with it, and head over to How to make trades using the bot on Discord