Pass Your Next Prop Firm Challenge

you're going to stop struggling with passing your [music] prop firm challenge after watching this video cuz in this video I'm going to show you practical step by step on how [music] to pass your next prof challenge and we're going to be looking at prof challenge in the crypto space. So a lot of people do not even know that profam is available [music] for you to trade with in the crypto space. Most people in the forest niche [music] are already familiar trading prop firm but this is an opportunity that is also available [music] in the crypto space and it is quite new.

So I'm going to share with you the proper that I use the features and everything how to get on board and also [music] give you tips on how to pass your next challenge [music] and get funded. Let's dive into it. So the prop we're using is prop view.

I'm going to drop the link in the description of the video. So, Prop Works in partnership with CoinW, which is a crypto [music] exchange. This crypto exchange is available to most persons [music] in most regions.

So, also check the link to be able to sign up. So you need to first of all [music] sign up with CoinW, verify your account, make deposits into your [music] account because it is through your CoinW account that you'll be able to fund your Prop W account. Once you're done with that, then you're ready [music] to kickstart your Prop Firm challenge.

So right here on Prop W, we have different [music] packages. have the 2,000 USDT accounts. We have 5,000, [music] 10,000, 50,000, and 100,000.

And we have different mode. So, this is standard [music] mode. We also have a pro mode.

So, in the pro mode, we have 10,000 USD, 55,000, 50,000, 100,000, and even up to 200,000 USDT. So let's start with the standard mode. [music] So for the standard mode, we have phase one and phase [music] two.

So there are rules that you need to obey that you need to follow [music] to be able to get funded. So you need to pass the phase one of a challenge, go on to pass [music] phase two, and then you will be funded and [music] can now start making withdrawals from your funded account. Now each of these package [music] have their unique rules or features [music] that you need to abide with.

For the 2,000 USD, you can see right here that the profit target [music] is 5%. So this means that with your 2,000 USDT, [music] you only need to make 5% of that amount, which is about [music] $100. And once you make $100 from this account size, you have passed this challenge.

[music] They expect you not to have maximum daily loss of [music] 5%. So you're not supposed to lose more than $100 in that account daily. [music] And then the maximum draw down that you can have is [music] 10% which is about $200.

So you can see I think [music] this is pretty very fair. and you have a minimum trading days of [music] five. So there is no cap, there's no limit or there is no time [music] frame for you to meet up, they expect that you must trade at least for 5 days.

And what that simply means is that [music] even if you hit your target the first day, expect you to also take few trades at least for another 5 [music] days until it completes. Now the maximum leverage is 5 is to one which is 5x. [music] So in crypto you must have been familiar with using leverage [music] to trade.

So right here the maximum leverage you can use is 5x. And I think this is very good because it's going to help you even when you're trading your own account to manage your risk [music] and not to be using high leverage over leverage trading. Now, for this 2,000 USD account, [music] the initial deposit is 29 USDT and like I [music] said, the transaction period is unlimited and profit sharing is [music] up to 80%.

And then withdrawal interval is 7 days. So, I think this is pretty [music] clear. So, you also have the 5,000 USD.

This one goes for [music] 69 USDT, right? So you can see it has similar features too and rules. Okay.

Now coming over to the challenge for phase two. Now after you have passed phase one of course you need to pass phase two too. So for the phase two the [music] target the profit target is 10%.

The maximum daily loss is 5% and maximum draw down is also 10%. [music] With a minimum trading day of five. So in all you need to achieve [music] about 15% of that account to be able to pass that challenge.

[music] And once you pass the challenge, they would fund you with a live account. And you can now be able to withdraw [music] every profit you're making from the live account. And like we saw the profit share is [music] 80 up to 80%.

Which means that whatever profits you make, you can keep 80% of that while the prof keeps 20% [music] of that. now. So that is pretty how it is for most of all of this package.

So anywhere from [music] 10,000 USDT is a very good starting point depending on if you have it. So I just [music] about 99 USDT and you can see that the target [music] is almost the same. Now let's go over to the pro mode.

So pro mode entails that [music] you already understand what you're doing and probably you want to [music] quickly pass the problem firm and get funded immediately. So you have the first package here 10,000 [music] USD. So let's go over the profit target.

So for the first one just need to [music] meet 10% of the account and for the second challenge is 0. 1 which is very very easy to hit. So once you're able to hit the first challenge, [music] then the second one will quite easy to as well.

So for example, let's go with the 10,000 USDT for the standard mode. So you just going to go [music] ahead and click on get funded. Then right [music] here you would click on start a challenge.

Right now I have an ongoing challenge. So you can see this account already have an existing challenge. So I don't want to end that particular challenge that I have.

So I'm not going to go ahead to start a new challenge. But if this is your first time, just go ahead and click on start challenge and follow through the process step by step. Like I said, remember you need to fund your CoinW account and it is from your CoinW account.

For example, if you want to purchase the 99 USDT means that you should have up to 99 USDT in your CoinW account. So, right now, let's now go over the platform. So, I will show you how to navigate the platform and [music] how to trade using this program.

So, over here is where you have the pairs that [music] you can choose from. So, you can see there are lots of them available. Um you just scroll down and you will see the different price and these are the ones that are currently available for you to trade [music] on this prop firm.

Okay. And over here you can see the leverage is 5x [music] and you have different uh mode market mode and limit mode. And of course you're going to see your balance right here.

[music] So, this is a 10,000 account and I'm having 10,492 already. So, I'm already making some progress. [music] I've taken some trades already and this account is about 98% for me to pass it.

So, you can see on my dashboard right here, I have taken trades just within one day and my profit target is almost at 98%. [music] So, my current result is $492. So I just need about $8 [music] for me to pass this phase one.

So it is not in the number of trades you [music] take. It is about the strategy. Okay.

Sometimes the less the better. So if you like to join me on this challenge [music] inside my community, we are currently having this challenge. So you can check the first link.

So you can check the link to join my telegram group and telegram [music] channel and you'll be able to partake in this challenge. All right. So right now you can see we are almost about to [music] pass this challenge.

So let's go back and take a simple trade. Now take for example I want to enter a trade on Ethereum USD right [music] now. So what I'm going to do is to simply come over here and use this rather to determine the quantity or the amount I want to risk.

So if I'm going to risk 10% of it means I'm going to be risking about 1,53 [music] USDT. So that is a 10% of that amount. So multiply that by five.

So that will give you the size of the um trade [music] that you're going to take. So 10% of this is going to give us this. So this is the actual cost.

[music] All right. So what do I think will happen in this market? I think that this market would [music] still recover back and it is just going up and down up and down.

So here looks like um support [music] region. So I'm just going to enter a buy for this trade. And you can see the liquidation price before I would lose the entire fund.

That means the price of Ethereum has to get to as low as 2,359 which I think [music] will take some time. All right. So this can be like a safe trade.

Remember I only need to make about $8 for me to pass this challenge. So it is um so it makes sense to just risk about 1,000 [music] um USDT and remember that I can only lose about 10% of this for this my account. So I think that is a good trade a good bargain.

So that's how I look at it. So I'm going to click on confirm. So right here you can see that the trade is already running right.

So I can now monitor this trade and once it hits my targets I can close trade. So you also have the option to set your TP and to set your SL. [music] So you can just quickly come over here and do all of that right here.

Now I want to quickly go into the tips that you can apply to help you to pass your next challenge like I promised at the beginning of this video. Now the fourth tip I have for you guys is trade [music] less and do not overtrade. So in passing prop firm challenges most persons get caught [music] up in trying to trade more often or trade more volume.

But the strategy is to trade a setups. So you want to make sure that you trade [music] setups that are very clear that align with all of your analysis. It's not about how many trades that you take, but taking the right trade.

[music] Like you could see, only one trade was able to get me to 98% of passing the challenge. In fact, it actually got to 100%. [music] It was because when I, you know, closed the trade, some few some of the few profits [music] entered into um commissions and the cost of um taking the trades.

All right. So [music] it is not about taking 100 trades. It's about taking [music] that one a set up or two a set of trades that would help you to pass the [music] challenge.

Now the second tip is for you to master the rule of each prof. [music] We went over the rules and you could see that. So anytime you're taking any trade, always make [music] sure that you factor in their rules.

How much are you willing to lose in that particular trade and how much [music] are you willing to lose in that day? So once you factor in all of that and [music] also know the number of days that you need to trade, then you'll be able to pass that challenge without [music] any issue at all. Now the next tip that I want to leave with you guys is to always apply [music] proper risk management.

For example, you could see in this particular trade [music] that I took, I just risk about 10% of this account [music] and I'm actually going to monitor it closely to make sure that eventually I do not lose this [music] account. So most people or some people they lose sometimes they even trade with [music] 100% of their account and you know just one single move can take them [music] out. Now the next tip also is for you to always trade with the mindset that this money actually belongs to you even though you bought the prop firm with 100 USD but look at the big picture.

See the [music] see the 10,000 USDT as your money and if you lose it how it is going to pay you. So once you have that in your mind then it will help you to pass your challenge. you will stop seeing the 10,000 account as just only $100 that you spent.

And that would help put you in the [music] right mindset. And then the last but not the least tip I'm going to leave with [music] you is to always journal your trades. Always write down what happens in every trade that you take.

That will prepare you for the next day or [music] for the next time you're going to trade. So once you able to find out why you lost or why you won a [music] trade, why you took a particular trade and what happened in that trade, it would help you [music] to plan better. In fact, take time to actually write it down and do well [music] to go over it to read it as it becomes a sort of a manual for you, a guide for you for your next trades.

[music] If you apply this tip that I given to you, then passing your next challenge will not be very difficult. you will stop struggling with passing your profit range.