Disliked{quote} For those that have struggled to profit from an evaluation funded account (I am ignoring direct funding, accelerated, rapid etc as I don't like these models at all), some tips that helped me: - Trade a personal account for at least 6 months (preferably 1 year, but I'd say 6 months at the minimum) and ensure you are profitable most months. 3-5% is a good target per month - Only then try a prop firm trial on demo (try to pass 2-3 ftmo free trials) - Finally, by this point you should be quite confident and its time to try a MFF 100K evaluation,...Ignored
Sure it's great practice to start with lower funded challenges and progress with profit made to the higher challenges but at the end of the day a trader still needs to have quite a bit of luck to trade to the target and not breach any of the trading objectives.
Time constraint is the devil in disguise here.
Since luck does in fact play a large part in determining whether or not a trader can hit the 8% or 10% profit target in the challenge phase then as far as I'm concerned if the trader has the disposable income and can afford to purchase a challenge of any value then go for the 100k or 200k ones because these offer the best value.
Masterrmind .........
Master your Mind then Master your Trades
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