HOW TO BE SUCCESSFUL ON PROP FIRMS

The failure rate in prop trading is relatively high, with estimates suggesting that around 80% to 95% of aspiring traders fail the challenges or verification stages imposed by prop trading firms. Many factors, including lack of experience and risk management skills, contribute to this high failure rate. To become a successful prop trader, focus on building a strong foundation in trading knowledge, develop a well-defined trading strategy, practice disciplined risk management, and continuously learn from both successes and failures. Seek mentorship and consider joining a reputable prop trading firm that aligns with your goals and provides supportive trading conditions.