At Blueberry Funded, proprietary trading begins with traders participating in an Evaluation to demonstrate their skills and qualify for our Earning Account program.
Once traders successfully meet our targets and adhere to our rules, we offer them a platform to trade in and share in the profits they generate via a performance fee.
The point of Blueberry Funded offering evaluations to traders serves multiple purposes, all designed to enhance both the firm's and the traders' success in the prop trading space:
Assessing Trader Competence: Evaluations help determine a trader's ability to effectively manage capital under real market conditions. By setting specific goals and restrictions, Blueberry Funded can identify traders who possess the skills necessary to succeed in trading, particularly those who can implement strategies with sound risk management.
Risk Management: These evaluations act as a filtering mechanism to ensure that only traders who can adhere to predefined risk parameters and trading strategies are given access to larger simulated capital allocations. This helps mitigate financial risks for Blueberry Funded while maintaining a high standard of trading within the firm.
Training and Development: The evaluation process is also educational, providing traders with feedback on their trading techniques and decision-making processes. This feedback is crucial for continuous improvement and helps traders refine their approaches to meet the firm’s standards.
Building Credibility and Trust: By using a rigorous evaluation process, Blueberry Funded positions itself as a serious and professional prop trading firm. This is especially important in a market where the credibility of prop firms can vary significantly. The broker-backed nature of Blueberry Funded adds an extra layer of trust and reliability.
Promoting Sustainable Trading: Blueberry Funded aims to promote sustainability in trading careers. Evaluations ensure that traders are not only successful but are also trading in a way that is sustainable over the long term, avoiding high-risk behaviors that might lead to significant losses.
Overall, evaluations are a core part of Blueberry Funded’s strategy to cultivate a disciplined, skilled, and successful trading community that can thrive under the umbrella of a regulated broker-backed environment.