Skilled Markets Trading Guidelines
WHAT ARE OUR GENERAL TRADING OBJECTIVES?
Our trading guidelines are proportionally similar to any evaluation or funded trader program. Our fund’s main concern is risk-management which is measured by a drawdown of less than 4%, the presence of a hard stop loss for every single position at less than 1.5% value of the account balance and maximum open positions exposure less than 5:1.
WHAT IS DRAWDOWN & HOW IT IS CALUCLATED?
As for October 2020, drawdown is no longer being part of the Skilled Markets program’s objectives – instead, we apply a stop out bar to our trading accounts. However, it is important for every trader to be familiar with the definition of drawdown, as it reflects the potential risk of a trading strategy.
Drawdown is measured with the following calculation: The P&L money difference from the highest balance (closed positions P&L), value to the lowest equity (closed + open positions), whichever arrives later.
For example: highest balance on 1st May 12:45pm = $10,250; Lowest equity after 1st May 12:45pm = $9,800; The drawdown is $10,250 – $9,800 = $450.
HOW DO WE MEASURE MAXIMUM EXPOSURE FOR OPEN POSITIONS?
The rule-of-thumb for maximum (max.) exposure in all accounts is 5:1. However, we prefer to simplify things and consider only the lot size and not the actual $ value of a position.
For example: An account balance of $10,000 has a max. exposure allowance of $10,000 X 5 = $50,000 = 0.50 Lot. In a balance of $40,000, the max exposure is $40,000 X 5 = $200,000 = 2.0 Lots.
As we encourage holding on to running winners – any profitable floating positions with stop loss orders beyond the profit level, above break-even is not included in the exposure count. Many positions can be traded at once.
CAN OVERNIGHT TRADES BE HELD?
YES, we allow overnight trading and over the weekend as well. However, it is the trader’s responsibility to mind the implications of rollover swap conditions, volatility, liquidity and spreads conditions.
We design our program to offer the most flexible trading fund in the forex industry, being open minded for diverse trading styles and personalities.
HOW DO TRADERS REQUEST PROFIT PAYOUTS?
We abide by the highest code of ethics concerning traders’ payments. We ensure that every funded trader is paid monthly, regardless of the amount due to you. We are always enthusiastic about paying our traders timeously each month.
Skilled Markets Evaluation Programs
WHY DO WE REQUIRE MINIMUM POSITIONS
Our evaluation period is specifically designed to observe how traders handle a range of market conditions while demonstrating their performance and stability. Our team’s objective is to ensure that the traders’ abilities are reliable and mature to cope with a diverse range of the market’s intensity and challenges.
WHAT IF THE TRADERS REACH PROFIT TARGET IN LESS DAYS OR TRADES REQUIRED?
Firstly, well done! Continue to trade until you can qualify as one of Skilled Markets funded traders. The benefit is that you gain more profit to bank when you’re evaluation period ends. Please note: all traders are required to continue using the same trading method, as our evaluation program is designed for you to show consistency and solid results.
CAN TRADERS REQUEST AN EXTENSION FOR THE EVALUATION PERIOD?
Yes. If for any reason you’re held back or are actively trading and just need more time. Please request a time extension on your evaluation period. There is a dedicated team working behind our website and brand. If we have not been notified for this request then the account will be terminated once 6 months is reached.
WHY IS THERE AN EVALUATION FEE?
he evaluation period is critical for both the traders and Skilled Markets since our capital funding team invest much time and effort into the traders and their careers. We are committed to ensure that traders will be evaluated by using real, live accounts. This fee will be your maximum payment. We are seeking traders who are responsible, patient and firm risk managers, who have the ability to earn themselves substantial amounts of profit, which means that you could make up for that fee in your winnings.
WHAT WILL TRADERS RECEIVE FOR SKILLED MARKETS EVALUATION FEE?
A fully funded trading account (not a demo account)
Profit share payout
Trading losses waiver
HOW MANY DIFFERENT EVALUATION PROGRAMS CAN I SIGN UP?
You can register for up to 3 different evaluation programs, which allows traders to get more funds to trade, up to $1.92 million. You cannot merge the different evaluation accounts.
Our Trading Environment
WHICH TRADING PLATFORM DO WE USE?
We use the MetaTrader 4 Platform (MT4), designed by MetaQuotes. MT4 is the platform of choice for most forex brokers and traders worldwide. It was a natural decision to provide the MT4 platform because our goal is to ensure a smooth development and trading experience by offering traders the most familiar trading platform environment.
ARE TRADERS ABLE TO USE THEIR INDICATOR AND EXPERT ADVISORS WHEN TRADING WITH SKILLED MARKETS?
Absolutely. We trust our traders’ judgments and skills. We do not want to change your strategies or approaches to trading, even once becoming one of our partners – trade using your tools and techniques, from trading scripts to indicators and EA with no limits. Your success is our success, and we support you all the way.
DO WE OFFER A TRADING PLATFORM FOR MOBILE DEVICES?
Yes. The MetaTrader 4 app is free and can be downloaded on the Google Play and Apple stores. Versions are available for HD apps on tablets
WHICH BROKERS DO WE TRADE WITH?
Our capital fund employs the services of a variety of brokers at the same time, We respect their discretion and their names are undisclosed and confidential at all times. All traders on this platform are not clients of a broker. All traders are service contractors.Skilled Markets are the brokers’ client. We are connected to a range of brokers via cutting edge technology partners.
WHO SHOULD TRADERS CONTACT FOR TECHNICAL AND TRADING SUPPORT?
We attend to all of your needs with our best customer service. We believe that every trader is entitled to full support and assistance, whether it is technology inquiries, small or important concerns or trading related queries. Please contact our support line:
support Email: email@example.com.
WHAT IS OUR EXECUTION METHOD?
All of our trading activities are implemented through our brokers via STP Market Execution.
During periods of standard market fluctuations, major currency pairs like EUR/USD, GBP/USD, USD/JPY sell from 0.4 pips to 0.9 pips.Overnight swap fees are collected and/or paid nightly.
WHO LEGALLY OWNS THE TRADING ACCOUNTS THAT TRADERS USE?
Every trading account and its capital value are legally owned by The Skilled Markets Funded Trading Program. We allocate our own capital to traders on a contractor-based agreement.
About Skilled Markets Fund
ARE WE REGULATED?
Skilled Markers is a private fund holding ownership of a Forex Trading account under a regulated broker. However, there is no regulation clause to what we do, because we are not a financial institute and do not provide any financial services. We trade using our fund’s capital, with the support of our competent funded traders.
WHAT NATIONALITY DO I HAVE TO BE TO TRADE IN THIS FUND?
Over 18 years old? If you are, then what are you waiting for? Apply now. We celebrate diversity and are open to all nationalities, with no ethnic or cultural barriers whatsoever.
ARE TRADERS FROM THE UNITED STATES ACCEPTED?
Yes. we are not brokers. Our relationships with our traders are legally bound by a service provider contract between the trader (the provider of the services) and the fund (The contract issuer). Our business structure allows United States traders to provide their services to our trading fund.
DO I NEED A LICENSE TO TRADE HERE?
No license is required to become a funded trader. We do not handle any 3rd party funds. As a private fund, we have the freedom to hire any legal service providers for our fund.
GETTING PAID FOR PROFITS
While you are trading with a fully funded account of Skilled Markets, we split to share the profit with you by 70% commission base.
With Skilled Markets you earn and get paid for profits starting the very second stage on the program. Once you complete the evaluation with profits, we will pay you 70% of the profits achieved through the account by the next profit cycle. You can read more about the profit cycle on Skilled Markets terms and conditions page.
Once you are a portfolio manager, we pay for your profits every month. There is no minimum threshold, we absolutely pay every month your 70% split by high watermark.
Payouts are issued by Paypal for amounts below $1,000 and by Bank Wire Transfer for any amount above $1,000. Skilled Markets doesn’t apply any extra fees for processing payouts, your 70% share is what we send out, however bank fees may apply.
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