Hash HedgeReviews 37

Answer: It depends on your trading style and dedication to pass the challenge. But let me answer your second question right off the bat - it’s hard! Prop firms are a great way to earn money without risking your own capital. You are getting literally $50,000 for the price of $399, it’s not even 1% of the capital you would get. Of course in order to earn that you have to prove your eligibility to manage that big account using right risk-management, technical analysis, fundamentals and keeping yourself emotionally stable. Otherwise, imagine they would give you that big size and you would revenge trade it to zero, that’s a high likely scenario with beginners. So, you will need to learn how to trade properly in order to pass the challenge and start to earn from it. The estimated time to pass it… i would say one or two months is the optimal time, if you will take 1 trade per day keeping risk management rules. However, if you are a risky guy and want to pass it quickly, it would take you 10 trading days at least, as the first phase requires 5 min trading days and the same goes for the second phase. But don’t rush, take your time. When you pressure yourself more, you might make incorrect decisions.

Answer: Yeah, i would say that the trading rules do not limit you in any way. You can scalp your trades for instance, which is banned for some of the prop companies out there. As for the trading rules, they are not too hard. You have a big room for your max drawdown, and the take profit target is achievable. However, keep in mind that you have to be consistent with your trading in order to pass your challenges and get funded. This means that you have to avoid overtrading, overleveraging your positions, revenge trading and so much more. The best thing to do with your prop challenge is to take one trade a day and call it a day, whether it is W or L. You will eventually pass it, if your trading strategy is profitable of course.