Course 6 of 6 10 lessons, about 65 min Free, no sign-up

Prop trading

Ten of our guides in the order most traders need them: what a prop firm is, how challenges and drawdown work, how to choose and pay less, how to pass, and what happens once you are funded.

By Angus, Select Prop Firms Part of the Select Prop Firms Academy

What you will be able to do

  • Explain how challenges, drawdown and breaches work
  • Choose a firm that fits how you trade
  • Know what to expect from your first payout

The 10 lessons

Each lesson ends with three quick questions. Take them in order, or jump to what you need.

  1. What is a prop firm? 6 min
  2. How prop firm challenges work 4 min
  3. Static vs trailing drawdown 11 min
  4. Soft breach vs hard breach 7 min
  5. How to choose a prop firm 5 min
  6. What a challenge really costs 5 min
  7. How to pass your first challenge 5 min
  8. Your first 30 days funded 9 min
  9. How prop firm payouts work 5 min
  10. Prop firm red flags 8 min

Prop trading quiz

12 questions drawn from 12, so it changes each time. Score 75% or more to complete the course. Nothing is sent anywhere.

More courses

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Futures basicsOpens 30 November
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Process and psychologyOpens 14 December

Educational content, not financial advice. Trading carries a high risk of loss, and most traders lose money.