As an aspiring trader, getting the right tools and opportunities is crucial to your success in the world of futures trading. Earn2Trade is an online proprietary firm that offers evaluation programs to traders looking to showcase their skills, gain experience, and potentially secure funding for their trading careers. This article will provide a comprehensive review of Earn2Trade, including evaluation programs and pricing, software options, evaluation and funded account rules, fees and withdrawals, and the pros and cons of using the platform. Let’s dive in and explore what Earn2Trade has to offer.
Evaluation Programs and Pricing
Earn2Trade offers a variety of evaluation programs designed to meet different trading goals and experience levels. These programs include a $50,000 account with a $170/month subscription fee, a $100,000 account with a $315/month subscription fee, a $150,000 account with a $350/month subscription fee, and a $200,000 account with a $550/month subscription fee. Each evaluation program comes with different contract sizes, profit goals, and drawdown limits. Additionally, the platform has a unique Trader Career Path (TCP) that allows traders to gradually progress to higher account sizes as they meet their profit goals.
Software Options
Earn2Trade uses Rithmic as its trading platform, which is popularly used by many trader evaluation companies. Traders can use RTrader Pro for trading, but the platform highly recommends the use of NinjaTrader, a powerful and feature-rich trading platform that offers advanced charting tools, order execution capabilities, and comprehensive analysis features. Furthermore, they also offer a web-based software called Finamark. To enhance your trading experience, we recommend using both platforms and selecting the one that aligns with your trading style and needs.
Evaluation and Funded Account Rules
During the evaluation period, traders must adhere to specific rules set by Earn2Trade. Traders must trade for 15 days and reach the profit goal, and the trailing stop-loss drawdown must not exceed the initial balance. Earn2Trade requires traders to follow the scaling plan outlined by their team. During the funded account stage, traders are subject to a scaling plan as they build their account balance.
The Gauntlet Mini™ Rules: Your Path to Successful Futures Trading
As a Futures trader, participating in The Gauntlet Mini™ examination requires adherence to a specific set of rules. These rules ensure fairness and consistency in the evaluation process, while also highlighting your discipline and commitment to trading. In this article, we will outline the key rules you must follow to pave your way to success in The Gauntlet Mini™.
Trade During Approved Times
To maintain a controlled trading environment, it is essential to execute trades exclusively during approved trading hours. This requirement demonstrates your ability to identify and capitalize on market opportunities within the designated timeframes. By adhering to this rule, you showcase your skill in following established guidelines and trading responsibly.
Follow the Progression Ladder
The Gauntlet Mini™ provides a progression ladder that outlines the number of contracts you can trade based on your account size. It is crucial to strictly adhere to this ladder as it reflects your risk management capabilities and gradual scaling of trading activity. By following the progression ladder, you demonstrate your proficiency in managing risk effectively, which is vital for sustained success as a Futures trader.
Maintain Daily Loss Limit
Responsible risk management is a fundamental aspect of successful trading. In The Gauntlet Mini™, you must ensure that you do not reach or exceed the specified daily loss limit. By maintaining discipline and adhering to this limit, you showcase your ability to protect your capital and make sound decisions during challenging market conditions. Demonstrating effective risk management skills is key to preserving your trading account and advancing in The Gauntlet Mini™.
Maintain Minimum Account Balance (EOD Drawdown)
The Gauntlet Mini™ evaluates your ability to maintain a minimum account balance, referred to as the end-of-day drawdown (EOD Drawdown). It is essential to ensure that your account balance does not fall below the specified EOD Drawdown. By meeting this requirement, you exhibit discipline and effective account management skills. This rule underscores your commitment to safeguarding your trading account and working towards consistent profitability.
Pros and Cons of Earn2Trade
Earn2Trade offers extensive educational content, including webinars, eBooks, and videos, to provide traders with valuable insights into various trading products, market conditions, and indicators. They offer a Trader Career Path for traders to gradually move up to larger account sizes as they achieve profit goals, and they regularly run promotions, offering discounts on specific evaluation programs. The platform has recently updated its system to provide end-of-day updates for trailing drawdown, offering traders a clearer picture of their performance. However, the use of Finamark software may be less favorable among traders compared to other platforms, and the data fees charged by Earn2Trade may add up in terms of overall cost analysis.
Unique Standout Features
Earn2Trade regularly runs promotions on its evaluation programs, ensuring traders have access to discounted prices. Additionally, the platform is committed to providing a wealth of educational resources, setting them apart from other evaluation companies, and empowering traders with the knowledge to succeed.
Earn2Trade offers a compelling option for traders looking to gain experience and potentially secure funding for their trading careers. They provide a variety of evaluation programs, software options, and trader education resources to support and guide traders. Despite the software and data fees, Earn2Trade has unique standout features like promotions and education that make it essential to consider when looking for a funded trader account.
Explore Earn2Trade today on their website and become a part of their trading community.
