Question 1

What is a prop firm challenge?

Accepted Answer

A prop firm challenge is an evaluation process where traders prove their skills by meeting profit targets while respecting drawdown limits. Pass the challenge and get funded with the firm's capital to trade.

Question 2

What are FTMO challenge rules?

Accepted Answer

FTMO requires a 10% profit target in Phase 1, 5% in Phase 2, with a maximum daily loss of 5% and overall drawdown of 10%. Minimum 4 trading days required in each phase.

Question 3

How do I know if I can pass a prop firm challenge?

Accepted Answer

Use this calculator to input your average win rate, risk-reward ratio, and trades per day. It simulates your performance against real prop firm rules to estimate your pass probability.

Question 4

Which prop firm is easiest to pass?

Accepted Answer

Difficulty varies by your trading style. FTMO has strict rules but is well-established. FundedNext offers more flexible drawdown. The5%ers has lower profit targets but slower scaling. TopStep is futures-focused with no time limit. Compare rules with your stats using this calculator.

Question 5

What win rate do I need to pass FTMO?

Accepted Answer

There's no fixed win rate requirement. With a 1:2 risk-reward ratio, even a 40% win rate can be profitable. With 1:1 R:R, you'd need above 55%. Use the calculator to find your specific requirements.

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