How to Crack a Funding Pips Account in 3 Days: A $10,000 Account Strategy
Cracking a Funding Pips account in just 3 days is no small feat, but with the right strategy and discipline, it’s entirely possible. This guide will walk you through the steps to successfully pass the Funding Pips Evaluation Course, focusing on how to achieve your targets quickly and efficiently while minimizing risks. By the end of this guide, you’ll have a clear plan to reach your profit goals and become a funded trader with a $10,000 account.
Understanding the Funding Pips Evaluation Process
Before diving into the strategy, it’s essential to understand the two-phase evaluation process that Funding Pips uses to assess traders. This process is designed to test your trading skills, discipline, and ability to manage risk.
- Phase 1: The Student Phase
- Profit Target: 8%
- Maximum Daily Loss: 5%
- Maximum Loss: 10%
- Minimum Trading Days: 3
- Phase 2: The Practitioner Phase
- Profit Target: 5%
- Maximum Daily Loss: 5%
- Maximum Loss: 10%
- Minimum Trading Days: 3
Both phases require a disciplined approach to reach the profit targets without exceeding the loss limits. The key to passing these phases quickly lies in efficient trading and strict risk management.
Day 1: Laying the Foundation
On the first day, your goal should be to set up a strong foundation. This involves careful analysis, selecting the right trades, and ensuring that you stay within the risk parameters.
- Market Analysis
- Spend the first few hours analyzing the market, identifying trends, and setting up your trading plan. Focus on major currency pairs with high liquidity.
- Trade Selection
- Choose trades that offer a good risk-to-reward ratio. Aim for trades that can yield at least 2-3% profit with a risk of no more than 1%.
- Execute Trades
- Start with smaller positions to test the waters. As you gain confidence and if the market moves in your favour, you can increase the size of your positions.
- Risk Management
- Set your stop losses carefully to avoid breaching the 5% Maximum Daily Loss limit. Remember, if you lose more than 5% in a single day, your account will be closed.
Table 1: Day 1 Trading Plan
| Activity | Objective | Expected Outcome |
|---|---|---|
| Market Analysis | Identify trends | Clear trading strategy |
| Trade Selection | High risk-to-reward trades | 2-3% profit potential |
| Execute Trades | Small position sizes | Test market conditions |
| Risk Management | Set stop losses | Avoid daily loss limit |
Day 2: Building Momentum
With a solid start on Day 1, Day 2 is about building momentum and reaching closer to your profit target.
- Review and Adjust
- Review the trades from Day 1 and adjust your strategy if needed. The market may have shifted, so flexibility is key.
- Increase Trade Size
- If you’re in profit, consider increasing your trade size slightly to accelerate growth. However, don’t overleverage as it could lead to significant losses.
- Focus on High-Probability Trades
- Only take trades that have a high probability of success. This will help you maintain a high win rate and protect your account from significant drawdowns.
- Avoid Overtrading
- Stick to your trading plan and avoid the temptation to overtrade. Overtrading can lead to unnecessary losses and could jeopardize your progress.
Table 2: Day 2 Trading Plan
| Activity | Objective | Expected Outcome |
|---|---|---|
| Review and Adjust | Fine-tune strategy | Align with market conditions |
| Increase Trade Size | Accelerate growth | Higher profits |
| High-Probability Trades | Maintain win rate | Consistent profits |
| Avoid Overtrading | Protect account | Minimized losses |
Day 3: Reaching the Target
Day 3 is all about hitting your profit target and completing the evaluation phase.
- Secure Profits
- As you approach your profit target, start securing profits by adjusting stop losses and taking partial profits. This will help lock in gains and reduce risk.
- Final Push
- If you’re close to your profit target, consider making a final push with carefully selected trades. Ensure these trades are low-risk and have a high probability of success.
- Review Loss Limits
- Double-check your loss limits to ensure you don’t accidentally breach them. Remember, a 5% daily loss or a 10% total loss will result in account closure.
- Complete the Evaluation
- Once you hit your profit target, close out your positions and complete the evaluation. Your trading will be reviewed within two working days, and if successful, you’ll receive your funded account.
Table 3: Day 3 Trading Plan
| Activity | Objective | Expected Outcome |
|---|---|---|
| Secure Profits | Lock in gains | Reduce risk |
| Final Push | Hit profit target | Complete evaluation |
| Review Loss Limits | Avoid account closure | Protect progress |
| Complete Evaluation | Finish the course | Become funded trader |
Additional Tips
- Stick to the Rules: Following the rules set by Funding Pips is crucial. Breaching any rule could result in account closure and loss of your progress.
- Use the Discount Link: To start with a 5% discount on your registration, use this link: Funding Pips Discount.
- Stay Calm and Focused: Trading can be stressful, especially when you’re trying to pass an evaluation in a short period. Stay calm, and focused, and don’t let emotions drive your decisions.
Final Thoughts
Passing the Funding Pips Evaluation Course in 3 days requires a well-thought-out plan, discipline, and a solid market understanding. By following the strategies outlined in this guide, you can maximize your chances of success and secure a funded account. Remember, it’s not just about speed; it’s about smart trading and risk management. Good luck on your journey to becoming a Master Trader!
