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How to Check and Self-Evaluate Your Trading Account Using the FT9ja Dashboard

Welcome to FT9ja! Managing your trading account effectively is essential for your success as a trader.


In this guide, we'll show you how to use our dashboard to check and self-evaluate your trading account, with a focus on keeping track of your daily and account drawdown using your dashboard.

PS: Before we begin, ensure that you have access to your FT9ja trading account and have logged in successfully.


Step 1: Accessing the FT9ja Dashboard

  • Open your web browser and navigate to the FT9ja website (www.ft9ja.com).


  • Log in to your FT9ja trading account using your username and password.


  • Once logged in, you will be directed to the FT9ja Dashboard. Then, click on “My Accounts” and select the exact account you want to evaluate.


Step 2: Analyzing the Graphs

  • Upon selecting an account, you will be able to see the performance of the selected account represented as both a Bar chart and a line graph.


Account Drawdown Rule Evaluation:

  • You are allowed a maximum overall account drawdown of 10%. That is, your equity or balance must not go lower than $2.7K for a $3K account, $4.5K for a $5K account, and $22.5K for a $25K account.


  • Note: Equity takes into account the closed trades and the floating trades. Without any open positions, the equity is equal to the balance.


  • The graph below shows the Overall performance of your account. You will have to hover/click on the bar chart to see details about your overall account performance details.


  • From the screenshot below, this account has a drawdown of 81.723%. This means that this account has violated the account drawdown rule of 10%.


  • Daily drawdown Rule: You are allowed a maximum daily drawdown of 5%. This means that your trading account balance or equity should not go below 5% of the day’s starting equity.


  • For example, your starting equity for the day is $5,100. 5% of $5,100 is $255 which means that your equity must not go below $4,845.


  • Note: Equity takes into account the closed trades and the floating trades. Without any open positions, the equity is equal to the balance.


  • To view your graph for each of the days, select the “Current Day” button and change to either “Last 7 days” to see graphs for the last 7 days or “Last Month” to see all the trading graphs per day for the last 30 days.



  • From the screenshot below, on the 7th of September 2023, this account had a daily drawdown of 47.55%.

  • This clearly shows that 47.55% is more than the 5% daily drawdown rule as such this account has violated the daily drawdown rule on the 7th of September 2023.


Step 3: Count the number of days you've traded

  • Each box in the grid shown below represents a day. Each green box represents a day you've traded.

  • Every column has to have 2 greens.

Step 4: Keep track of your daily drawdown

  • Each box represents a day.

  • Each red box represents a day you had a drawdown.

  • Click on a box to view your drawdown for that day.


Conclusion

The FT9ja Dashboard is a valuable tool for self-evaluating your trading account and making informed decisions to enhance your trading performance. Do well to monitor your progress regularly.

Remember that trading involves risks, and it's essential to trade responsibly and with a well-thought-out plan. Happy trading guys!!!!



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1 Comment


Samuel Oghoyone
Samuel Oghoyone
Dec 16, 2023

Does the darker red box signifies violating the daily drawdown rule if it's exactly at 5%?

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