1
What Is a Prop Firm? A Beginner's Guide Before Buying Your First Challenge
What a prop firm actually is, how the challenge works, what it costs, and what to check before you pay for your first one.
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Module 1 · 9 lessons
Prop Firm Fundamentals
Start here if you've never sat a challenge before. Nine short lessons covering what a prop firm actually is, how challenges work, and the rules that decide whether you get paid.
2
How the Prop Firm Challenge Actually Works, Step by Step
From paying the entry fee to your first payout: the exact stages of a challenge, and where most traders actually get caught out.
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3
What Your Daily Loss Limit Really Means
The 5% figure everyone quotes isn't the whole rule. What actually counts toward it, and why an open trade can breach it before you close a single position.
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4
What Your Profit Target Really Means
The target isn't the hard part. What actually counts toward it, and why forcing it fast breaches more accounts than bad markets do.
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5
One-Step or Two-Step? How to Pick the Right Prop Firm Challenge Format
What actually changes between a one-step and two-step evaluation, and how to pick based on how you trade.
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6
Static vs Trailing Drawdown: What Actually Changes Between Them
Same headline loss limit, very different room to trade. Why a trailing floor shrinks your buffer the more successful you get.
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7
What Is the Consistency Rule in Prop Firm Challenges?
Why one big winning day can work against you, and how the consistency rule catches more traders than the profit target itself.
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8
Prop Firm Rules That Get Traders Disqualified
Inactivity, restricted strategies and account sharing, the disqualification rules that have nothing to do with your P&L.
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9
How to Compare Prop Firm Challenges: The 5 Rules That Actually Decide If You Get Paid
Drawdown model, loss limits, consistency rules, news restrictions and profit split. The five things worth checking before you pay for any challenge.
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Module 2 · 5 of 6 lessons
Risk Management
Position sizing, risk-to-reward, and the discipline habits that decide whether a challenge account survives its own drawdown rules.
1
How to Size a Position Without Guessing
The formula for sizing every trade: risk percentage, stop-loss distance and pip value, worked through a real example.
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2
What Risk to Reward Actually Means Inside a Challenge
A good ratio doesn't mean you can risk more. The win rate you actually need at each level, and a realistic target.
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3
3 Easy Steps to Build a Professional Trading Plan
A trading plan only needs three parts: risk rules, a pre-session routine, and a checklist plus journal. A sample plan is included to adapt.
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4
7 Moments You Should Not Trade
Recovering a loss, thin liquidity, chasing a move, no clear setup, and three more. The exact signals that mean sit the session out.
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5
Why Protecting What You Have Comes First
Why a 50% loss needs a 100% gain, how 1% and 10% risk change a losing streak, and personal rules that sit inside a firm's limits.
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Module 3 · 1 of 7 lessons
Trading Psychology
Discipline, emotion and the habits behind consistent execution. Short lessons on why traders break their own rules, and what to do about it.
1
How to Build Trading Discipline That Lasts
Why motivation can't replace a written rule, how small exceptions breach a challenge account, and a simple before, during and after routine.
Read Lesson 1 →Free: the 8-point drawdown checklist
The exact questions to ask about any firm's drawdown rules before you hand over a challenge fee.
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