Understanding our Weekly & Maximum Loss Limits

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If you can stick to these simple Weekly Loss Limit Rules you'll easily qualify for a T4TCapital Trading Account! Give us a call and get started today!

Welcome to the T4TCapital Trading Program.

I'm Brad Gilbert the founder of Traders4Traders we're very excited to have you on board. Now we know after you've signed up, you're very keen to start trading but the first thing you need to do is spend a little bit of time and get your trade station set up, and also have a look through our site and find out where all those tools and resources are.

Tools:
https://traders4traders.com/trading-software-from-traders4traders/
https://traders4traders.com/product-category/mt4-eas/
https://traders4traders.com/forex-help-desk/reuters-metastock-xenith-live-news-service/

Resources:
https://traders4traders.com/247TradeZone/
https://traders4traders.com/myfxtradinghub/fx-calendars/
https://traders4traders.com/myfxtradinghub/forex-economic-data-release-calendar/

It's very important you understand that weekly loss limit rules of our program. So I'm just gonna spend a little bit of time and explain those to you. Now the best way for me to explain to you how the weekly loss limit works is to give you an example. Now the 100k account our most popular account, the starting balance is a $100,000 the weekly loss limit what's $2,000 at $98,000 the maximum loss limit, well that's $4,000 and that comes in at $96,000. These are the limits you need to adhere to.

If the equity balance in your trading account at any stage during the week, hits or falls below the weekly loss limit, well then that's a breach of the trading account and you will need to reset your account to continue trading. The weekly loss limit includes all closed positions and all open positions for the current trading week. So what that means is if during an open trade you hit, or go over the weekly loss limit, in this example $98,000, you will have broken the limits and that is another breach of the account and you will need to reset your trading account to continue.

To monitor this look at the equity balance in your MT4 trading platform when you open your platform you have the terminal window at the bottom at the bottom left hand side you'll see balance, equity, and free margin. Now if i zoom in you'll get a much better look at this and once again the terminal window you have balance, equity, and free margin. You want to keep a very close eye on equity and make sure it doesn't breach the limits. Now there are three important features you need to understand with the weekly loss limit. Firstly it is reset every week at the start of trading on Monday, secondly the weekly loss limit continuously trail's your account balance, so as you make money through the practical assessment, your weekly loss limit trails your account balance, third the weekly loss limit remains stationary for the whole week.

So if you manage to make money early in the week, you'll have a bigger weekly loss limit for that week. Now let me give you some examples to show you how these work, the weekly loss limit is reset each week, say the balance at Monday is a $101,500 that would make you a weekly loss limit on Monday $99,500. Now say during that week you lost $1,500 your balance at Friday is now one $100,000 that would mean, the following Monday your weekly loss limit would be $98,000.

The weekly loss limit also continuously trails your account balance, now let's have another look at another example, starting balance of a $100,000 you're starting, with the loss is $98,000. Now let's say for example you made $1,500 for the week and your balance at Friday is a $101,500, that would mean your weekly loss limit starting on Monday, would be $1,500 higher at $99,500.

Lastly, the weekly loss limit increases if you make money, now the balance at Monday for example was a $101,500 and your weekly loss limit on Monday was $99,500, $2,000 behind your starting balance, now for this example say you made $3,500 by Wednesday taking your balance up to one $105,000, well that would give you $5,500 extra to play with for that week. Now don't worry if you breach a limit, you can reset your account and start again at any time, and that's all there is to it.