Funded trading account challenges are a way for aspiring traders to prove their skills and get access to large amounts of capital without risking their own money. Many proprietary trading firms offer these challenges as a gateway to join their team and trade on their behalf. However, passing these challenges is not easy, and many traders fail to achieve their goals. In this blog, we will share some tips on how to successfully pass funded trading account challenges and become a funded trader.

What are funded trading account challenges?

Funded trading account challenges are a series of tests designed to evaluate a trader’s skills, discipline, and ability to manage risk effectively. They serve as an audition for traders who want to manage a funded trading account provided by a prop trading firm.

The challenges typically involve a set of predefined objectives that traders must achieve within a specified timeframe. These objectives may include:

• A profit target: the percentage of profit that traders must generate from their initial balance.
• A drawdown limit: the maximum amount of loss that traders can incur from their initial balance or equity.
• A minimum number of trading days: the minimum number of days that traders must trade within the challenge period.
• A maximum number of trades: the maximum number of trades that traders can open within the challenge period.
• A maximum position size: the maximum amount of units that traders can trade per instrument.
• A maximum exposure: the maximum amount of units that traders can trade across all instruments.

Depending on the prop trading firm and the challenge level, these objectives may vary in difficulty and duration. For example, some challenges may require traders to achieve a 10% profit target in 35 days, while others may require a 5% profit target in 60 days.

Some prop trading firms may also offer different types of challenges, such as:

• Standard challenge: a two-phase evaluation process that starts with a lower profit target and a higher drawdown limit in the first phase, and then progresses to a higher profit target and a lower drawdown limit in the second phase.
• Rapid challenge: a fast-track evaluation program that requires traders to achieve a higher profit target and a lower drawdown limit in a shorter timeframe.
• Royal challenge: an advanced evaluation program that requires traders to achieve a very high profit target and a very low drawdown limit in a longer timeframe.

The benefits of passing these challenges are numerous, such as:

• Getting access to a fully-funded trading account with up to millions of dollars in capital.
• Keeping up to 80% of the profits generated from the funded account.
• Trading various financial instruments, such as forex, indices, commodities, stocks, and cryptocurrencies.
• Having no liability for losses incurred from the funded account.
• Having access to professional trading tools, resources, and support.

How to successfully pass funded trading account challenges?

Passing funded trading account challenges is not impossible, but it requires a lot of preparation, practice, and perseverance. Here are some tips on how to increase your chances of success:

• Choose the right challenge for your skill level and trading style. Don’t overestimate your abilities or underestimate the difficulty of the challenge. Pick a challenge that matches your risk appetite, trading frequency, and time availability. For example, if you are a scalper who trades frequently and aggressively, you may prefer a rapid challenge over a standard or royal challenge.
• Follow the rules and objectives of the challenge strictly. Don’t try to bend or break the rules or objectives of the challenge. They are there for a reason: to test your consistency and discipline. If you violate any rule or objective, you may be disqualified from the challenge or lose your funded account. For example, if you exceed the drawdown limit or trade more than the maximum position size, you may jeopardize your chances of passing the challenge.
• Have a solid trading plan and strategy. Don’t trade randomly or impulsively. Have a clear trading plan and strategy that outlines your entry and exit criteria, risk management rules, and performance goals. Stick to your plan and strategy throughout the challenge and don’t deviate from them unless there is a valid reason. For example, if you have a trend-following strategy that works well in trending markets, don’t switch to a counter-trend strategy when the market is ranging.
• Manage your risk and emotions effectively. Don’t risk more than you can afford to lose or let your emotions cloud your judgment. Manage your risk by using appropriate position sizing, stop-loss orders, and take-profit orders. Manage your emotions by staying calm, confident, and focused. Don’t let fear, greed, anger, or frustration affect your trading decisions. For example, if you have a losing trade, don’t revenge trade or chase the market to recover your losses. Instead, accept the loss, learn from it, and move on to the next trade.
• Review your performance and learn from your mistakes. Don’t ignore your trading results or repeat your mistakes. Review your performance regularly and objectively. Analyze your trades and identify your strengths and weaknesses. Learn from your mistakes and improve your trading skills. For example, if you notice that you are over-trading or under-trading, find out the reasons behind it and adjust your trading behavior accordingly.

Why choose FunderPro challenge?

FunderPro challenge is one of the best funded trading account challenges in the market. It offers many advantages over other prop trading firms, such as:

• No time limit: Unlike other challenges that have a fixed duration, FunderPro challenge has no time limit. You can trade at your own pace and complete the challenge whenever you are ready.
• No subscription fees: Unlike other challenges that charge monthly or annual fees, FunderPro challenge has a one-time fee that is fully refundable upon completion of the challenge.
• No hidden fees: Unlike other challenges that have hidden fees or commissions, FunderPro challenge has no extra charges or deductions. You keep 80% of the profits and pay nothing else.
• No trading restrictions: Unlike other challenges that have strict trading rules or limitations, FunderPro challenge has no trading restrictions. You can trade any instrument, any time, any style, and any strategy.
• No liability: Unlike other challenges that have a shared loss policy or a negative balance protection, FunderPro challenge has no liability for losses. You trade with FunderPro’s capital and you are not responsible for any losses incurred.

How to get a 10% discount on Funded Trading Plus challenge?

If you are interested in taking the Funded Trading Plus challenge, you can get a 10% discount by using the code FXHUB. This code is exclusive for the readers of Funded Trading Plus, a website that provides valuable information and resources for funded traders.

To use the code, you need to follow these steps:

• Visit Funded Trading Plus website and click on “Buy Challenge”.
• Choose your account size and click on “Add to cart”.
• Enter your personal details and click on “Proceed to checkout”.
• Enter the code FXHUB in the “Coupon code” box and click on “Apply coupon”.
• You will see a 10% discount applied to your total amount.
• Complete your payment and start your challenge.

What is Funded Trading Plus?

Funded Trading Plus is a website that offers various services and products for funded traders, such as:

• Funded Trading Plus Program: A funded trading program that provides traders with access to a funded trading account sponsored by an external capital provider. Traders use this allocated capital to execute trades and may receive a share of the profits they generate.
• Funded Trading Plus Education: A comprehensive education package that covers everything from technical analysis, risk management, trading psychology, to live trade room sessions. The package also includes access to the Demon Scalping course, which is designed to help traders pass funded trading account challenges.
• Funded Trading Plus Community: A Discord server where traders can interact with each other, share ideas, ask questions, and get support from experienced traders and mentors.

Funded Trading Plus is a great resource for traders who want to learn more about funded trading, improve their skills, and achieve their goals.

Conclusion

Funded trading account challenges are a great way to learn and earn, but they also require a lot of dedication, discipline, and skill. By following the tips we shared in this blog, you can increase your chances of passing these challenges and becoming a funded trader. If you are interested in taking a funded trading account challenge, you can check out some of the reputable prop trading firms that offer them, such as:

• The Funded Trader: a prop firm that offers four types of challenges: Standard, Royal, Rapid, and Knight’s Challenge (Put in the coupon code FXHUB to get 10% off)
• FunderPro: a prop firm that offers three types of challenges: Standard Challenge, Rapid Challenge, and Royal Challenge.

Don’t forget to use the code FXHUB to get a 10% discount on FunderPro challenge if you are a reader of Funded Trading Plus.

We hope this blog has given you some useful insights on how to successfully pass funded trading account challenges and become a funded trader. Happy trading!