AquaFutures Challenge Explained

The AquaFutures challenge is a 2-step evaluation model, which gives opportunities for traders to show their trading skills in actual trading. The aim of completing this challenge is to accomplish particular profit targets and to comply with the risk management rules set by the prop firm. Those who win the task will receive a funded account.
 

This challenge gives opportunities to the traders to develop their trading skills, whether they prefer day trading, swing trading or scalping. However, winning the challenge of AquaFutures is not easy. Here's a step-by-step guide to help you to succeed.

Understand the Rules of the Challenge

Before starting the challenge, it is necessary to understand the prop firm’s rules..

• Profit Target: Traders need to achieve a particular profit target of 8% to 10% of their funded account size.
• Risk Limits: In AquaFutures challenge, there are both daily and maximum risk limits. The daily risk limit keeps traders from losing too much in a day. And the maximum risk limits keeps the level of confidence that traders have to extend the entire strength of their challenge.
• Trading Days: Sometimes completing this challenge in few days can increase traders chances of getting funding.

Trading Strategy

To win the AquaFutures challenge, it is important to have a clear trading strategy. In case of non planning, traders may act in a way that may break the risk management rules.

• Consistent Profits: It is important to achieve consistent profits, not aim to create bigger profits in a short period. Avoid too much risk.
• Risk Facility Ratio: Choose a good risk facility ratio, such as 1:2 or 1:3. This will guarantee that, even if traders suffer some losses, their winnings remain below them.
• Trade Different Markets: Don't depend on a single type of trading. AquaFutures supports a wide variety of tools, so traders can trade on a variety of markets. For example stocks, commodities.
• Trading Plan: Trade with clear ideas. Traders should declare their targets and objectives in advance.

Risk Management

Risk management is important to survive in the AquaFutures challenge. Without utilizing this, even the best traders can lose their funded accounts.

• Use stop-loss orders: Set up stop-loss orders for every trade. The speed of the trading may be unstable, but the stop-loss limits what traders lose.
• Don't exceed the maximum risk: Accept the risk management, without exceeding the maximum risk limit. This allows traders to take 1% or less risk of the account size.
• Avoid Over-Trading: Trading too much to recover losses may result in disaster. Plan a strategy to win.

Evaluating AquaFutures Strategy

Psychological discipline is very important in prop firms. As AquaFutures faces the challenge, it should avoid acting against the trading market, even if in a stable position. 

• Follow the Plan: Traders should remain on top of the guidelines of risk management while trading.
• Take Breaks: If traders discover themself in a difficult situation, they should have to take a break from it. This will help them to clear their mind.
• Focus on Long Term Goals: Remember that the challenge is to expose traders skills. So, they should not ignore short term problems.

Follow the Rules in News Trading

News trading can produce sudden price changes, but AquaFutures allows trade during the news events. This is the advantage for traders. But they should have to follow the strategy and risk management. Traders should have to avoid too much immediate trading during big news events.

Keep Track of Trading Progress

After starting trading, traders should have to keep track of their progress. Tracking the results will help traders to understand their strengths and weaknesses which helps their strategy.
 

Conclusion

To win the AquaFutures challenge, traders should require a combination of strategy like discipline and efficient risk management. By following these step-by-step guides, traders will be able to improve their chances of getting funded.

To know more about AquaFutures - check out our full in-depth review on The Trusted Prop

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