To progress through the evaluation phases at FXLive Capital, you need to meet specific profit targets that vary depending on the program and phase you're in. For instance, in the x150 Boost program, the targets are as follows:
- Challenge Phase (Phase I): 10% profit target.
- Verification Phase (Phase II): 6% profit target.
These objectives are designed to assess your trading skills and risk management abilities.
Calculating Profit
To determine the profit percentage relative to the initial balance of the phase, use the following formula:
Profit Percentage (%) = (Profit / Initial Phase Balance) * 100
Practical Example
Suppose you start Phase I with a balance of $10,000 and finish with an equity of $11,000.
1. Calculate Profit:
Profit = $11,000 - $10,000 = $1,000
2. Calculate Profit Percentage:
Profit Percentage (%) = ($1,000 / $10,000) * 100 = 10%
In this scenario, you've achieved the 10% profit target required to complete Phase I.
Additional Considerations
It's important to note that international systems typically work with two decimal places and do not round numbers to more decimals.
Understanding these objectives and calculation methods will help you better manage your trading strategies and successfully advance through FXLive Capital's evaluation phases.