Education

Learn

Explore educational articles designed to help participants understand trading concepts, platform tools, risk management, and the structure of simulated evaluation programs.

The Basics

Trading Fundamentals for Simulated Evaluations

Educational articles covering trading concepts, platform tools, risk management, and the structure of simulated evaluation programs.

How a Simulated Evaluation Works

The phases of a simulated evaluation, the objectives at each stage, and how Qualified Account eligibility and Participant Rewards may apply after qualifying.

Profit Targets & Consistency Rules

How profit targets are typically structured, what consistency rules generally restrict, and why they matter during the evaluation.

Daily Loss Limit & Max Drawdown

The two key risk thresholds in any prop evaluation — how they are calculated, when they reset, and how breaches may end the evaluation.

Risk Management for Evaluations

Position sizing, stop-loss placement, and exposure rules anchored to the daily loss limit and max drawdown of an evaluation account.

Leverage & Margin in a Simulated Account

How leverage is provided by the program, how margin is calculated against simulated capital, and how it differs from a brokerage account.

Trading Psychology Under Evaluation Rules

Discipline, patience, and emotional control when trading toward a profit target with a daily loss limit in place.

Building a Trading Plan for the Evaluation

Define objectives, instruments, sessions, and risk rules around the program's profit target, drawdown limits, and minimum trading days.

Common Reasons Participants Fail an Evaluation

Overleveraging, news trading, ignoring drawdown, and trading without a plan — the patterns that typically end an evaluation early.

Live Market Hours

Market Sessions Clock

Track major forex sessions and see which markets are currently open across Sydney, Tokyo, London, and New York.

17:14 UTC•UTC•1 session activeLive

Sydney

Tokyo

London

New York

Now

00:0006:0012:0018:0000:00

SydneyClosed

10:00 PM – 7:00 AM UTC

8:00 AM – 5:00 PM Sydney local

TokyoClosed

12:00 AM – 9:00 AM UTC

9:00 AM – 6:00 PM Tokyo local

LondonClosed

8:00 AM – 5:00 PM UTC

9:00 AM – 6:00 PM London local

New YorkOpen

1:00 PM – 10:00 PM UTC

9:00 AM – 6:00 PM New York local

Start Your
Evaluation?

Select your evaluation account and begin a simulated evaluation program built around discipline, consistency, and risk management.

Start Evaluation

Frequently Asked Questions

Answers to common trading questions.