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In an industry that is constantly evolving, FTMO and My Forex Funds are bringing about a groundbreaking change in the trading world. By eliminating time limits on trading challenges, the two platforms are providing traders with the flexibility they need to succeed.

The New Rules

Previously, traders had to complete phase 1 and phase 2 of the challenges within 30 and 60 days, respectively. However, with the new rules, traders can take as much time as they need to pass the challenges. This is a significant shift that empowers traders to make more calculated decisions without the pressure of a ticking clock.

While the time restrictions have been lifted, the fundamental rules remain unchanged. Traders still have to adhere to a daily loss limit of 5%, a total loss limit of 10%, and profit targets of 10% and 5% for phase 1 and 2, respectively. The pricing structure also remains the same.

My Forex Funds Price Hike

Starting from August 1st, 2023, My Forex Funds will experience a slight price hike. Despite the increase, the platform remains one of the most affordable options in the industry, making it accessible to traders of all levels.

What This Means for Traders

The removal of time limits is a game-changer for serious traders. With the freedom to take their time, traders can make more calculated decisions that will lead to long-term profitability. However, for those struggling with profitability, this change may translate to easier losses as they may end up buying more challenges and losing more.

The Future of Trading

This industry evolution is only the beginning. As the trading world continues to evolve, we can expect more adaptations to trader needs and changing market dynamics. As we venture into this brave new world, it is clear that patience is now a critical ingredient in the recipe for trading success.

FTMO and My Forex Funds: The Best Options

If you’re looking for a prop firm to get started with, FTMO and My Forex Funds are excellent options. Not only do they provide no-time-limit challenges, but they also have a proven track record of helping traders succeed. With a 99% success rate, traders can trust these platforms to help them achieve their goals.

How to Get Started

To get started on FTMO or My Forex Funds, sign up for a trading challenge on their website. Once you pass the challenge, you’ll receive a funded account to start trading with. It’s that simple.

The Importance of Patience in Trading

With these new changes, patience is more critical than ever. It’s essential to take your time and make calculated decisions that will lead to long-term profitability. Rushing through trades and trying to meet a deadline is a recipe for disaster. Take the time you need to analyze the market and make informed decisions.

Conclusion

The trading world is always changing, and the recent elimination of time limits on challenges is just the latest shift. As we continue to adapt to these changes, it’s essential to remember the importance of patience and informed decision-making. With platforms like FTMO and My Forex Funds, traders can trust that they have the support they need to succeed in this ever-changing industry.

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