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The path to becoming a successful trader with a funded prop firm account begins with understanding the evaluation process. Prop firms use this step to identify disciplined and skilled traders who can manage risks and consistently meet profit targets.

A typical prop challenge includes phases with specific goals, such as an 8% profit target in Phase 1 and smaller targets in subsequent phases. Traders must also maintain a maximum drawdown limit—often around 8–10%—to ensure they stay within risk guidelines.

During the evaluation, it’s crucial to stick to your trading plan, manage your emotions, and adjust your strategy as needed. Successful traders often focus on consistency rather than aiming for quick wins, ensuring they can meet profit targets within the set timeframe.

In This Video, You’ll Learn:

• What prop firms expect from traders during evaluations.

• How to meet profit targets within set timeframes.

• Tips for managing drawdowns and sticking to your trading plan.

• Why discipline and consistency are the keys to success

By mastering these habits, you’ll not only pass your evaluation but also set yourself up for long-term success in the world of prop firm trading.