I Passed the Prop Trading’s $200k Challenge!

Hey there traders, I just wanted to pop on here real quick to share some exciting news. This post contains affiliate links through affiliate programs that I thoughtfully selected to join.

Last week, I passed The Prop Trading’s $200k challenge. 

The Prop Trading’s $200k Challenge

This is the first phase of a two-phase challenge to become a funded trader for The Prop Trading. This company is based in Australia and offers very similar funded trading options to FTMO. 

What I particularly appreciate about this prop firm, and some of the biggest reasons why I decided to go for an account with them is that not only do they offer 80% profit payouts, they also have a smaller profit target for their first stage of their challenge, which asks you to hit 8% of your starting account instead of 10%, while keeping all offer loss limits equal to FTMO’s. 

But the fun doesn’t stop there. It gets better – the Prop Trading doesn’t require commission on its trades, you don’t have to achieve any minimum trading days and their fee is also cheaper than other firms. 

So too, you can trade news, and can go for multiple accounts and challenges as you like. 

I can go into more depth with a thorough review on this prop trading experience with another post if that’s something you’d all like to see. 

But for now, I just wanted to share this exciting update.

My Stats for Passing The Prop Trading’s $200k Challenge 

I was able to achieve this 8% target over four trading days with a total of 5 trades taken. 

My win rate was 80% for this week and my risk-to-reward ratio for each trade was either 0.5, 2, or 2.5 depending on whether trailing stops were hit. 

If you’re curious as to what my strategy is, I sell a scalping strategy and course that teaches a minimalist, mechanical scalping style and trading routine that I’ve developed over the years which has led me to achieve consistent profitability in forex markets. 

Feel free to check it out if that’s something you think you can benefit from, especially if you need more structure in your trading. 

Otherwise, I hope you can at least walk away from this post with more evidence to the reality that profiting in Forex markets and succeeding with prop trading firms is achievable and it’s something that you can work towards should you put in the right amount of time into studying, practicing, and reflecting upon your day trading skills. 

I hope you all are having a great week, may everyone stay healthy and safe. I wish you all the best of strength and luck and I’ll see you in the markets. Take care!