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  • 🥇TraderChallenge
    • Start here
    • Quick Start Guides
      • Start your first Challenge
      • The Challenge Dashboard
      • Connect your Challenge or Tournament to the WebTrader
      • Connect your Challenge to AgenaTrader (Desktop)
    • Rules
      • General Challenge-Rules
      • Prohibited Trading Practices
      • Gambling Rules
      • Levelling up ↑
      • Available Instruments
        • US stock CFDs
        • Indices CFDs
        • Commodities CFDs
        • ETF CFDs
        • Crypto CFDs
        • Forex
    • Account Scaling
    • Payout Requests
    • Affiliate Program
    • FAQs
  • Tournament
    • Overview
  • How to enter
  • Tournament Rules
  • Start trading
  • 🖥️WebTrader
    • Connect to a TradersYard Challenge
    • Connecting with Multiple Accounts
    • Placing an Order
    • Adding Stop Loss & Take Profit Orders
    • Modifying Orders
    • Link watchlist and Chart
    • Adding multiple Charts
    • Creating a Custom & Favourite Watchlist
    • Creating & Editing a Workspace
    • Using Filter Time Range In Trading Tab
    • How to have Charts on multiple monitors?
    • FAQs
  • 📱Mobile Trader
    • Connect to a TradersYard Challenge
    • Selecting Watchlist
    • Placing an Order
    • Closing a Position/Order
    • Order Modification
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  • Prohibited Gambling Practices
  • Essential Risk Management Principles
  1. TraderChallenge
  2. Rules

Gambling Rules

We closely supervise all trading activities to ensure compliance with our anti-gambling policy. Any infractions will result in severe actions, including limitations on trading capabilities and the forfeiture of profits accrued from such breaches.

Prohibited Gambling Practices

Overuse of Leverage

We limit the use of excessive leverage. Traders are expected to employ stop-loss orders and manage their trade sizes judiciously to effectively control and minimize potential losses.

Market Overconcentration

We advise against excessive focus on particular assets or markets. It is crucial to build a diverse portfolio to reduce risk and achieve steady returns.

Unidirectional Trades

Refrain from executing trades that are heavily biased in one direction without a thorough market analysis. Decisions should be backed by in-depth research to ensure a balanced approach to trading.

Trading Overactivity

Resist the urge to execute an excessive number of trades in a brief period or to make hasty decisions. Prioritize strategic trades that align with your long-term objectives and risk tolerance.

Essential Risk Management Principles

Traders are expected to integrate these essential guidelines:

Determining Trade Size

The size of each trade should reflect market conditions, your own risk tolerance, and the presence of pre-defined stop-loss orders, ensuring that trades are kept within a manageable risk scope.

Portfolio Diversification

Diversification is encouraged among traders. Spreading investments across various assets and employing different trading strategies and timeframes helps mitigate risk and enhances the chance of achieving steady, positive outcomes.

Ongoing Portfolio and Strategy Evaluation

Continually reassess and adjust your portfolio and trading strategies to adapt to market shifts, economic signals, and financial news, aiming for alignment with both market trends and personal financial goals.

Continuous Education and Knowledge Enhancement

The value of ongoing education in market trends, new trading methodologies, and risk management practices is paramount. Being well-informed is key to making knowledgeable trading decisions and achieving superior trading performance.

Last updated 1 year ago

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