Guides for prop traders
What to know before you buy a challenge: rules, drawdown, paying and getting paid from South Africa, and common mistakes.
What is a prop firm and how does it work?What a prop firm is, how the challenge works, what it costs and how you get paid, explained simply for tradersDrawdown explained: static, trailing and daily limitsStatic vs trailing drawdown, daily loss limits and how prop firms calculate them, with worked examples in plaiThe consistency rule: what it is and how to avoid problemsWhat the prop firm consistency rule is, how the best-day percentage works, and which firms don't use one.1-Step vs 2-Step challenge: which should you choose?1-Step vs 2-Step vs 3-Step prop firm challenges compared: targets, loss limits, price and which suits your traPay-after-pass prop firms: how they work and whether they're worth itHow pay-after-pass and Buy Now Pay Later prop firm models work, what they cost in total and when they make senCommon prop firm mistakes and how to avoid themThe most common mistakes that cost traders their prop firm challenge or funded account, and how to avoid each Using EAs and trading bots at prop firmsWhich prop firms allow expert advisors and bots, the usual restrictions and how to avoid breaking the rules.Prop firm glossary: the terms explainedA plain-English glossary of prop firm terms: challenge, drawdown, consistency rule, profit split, scaling, KYCAre prop firms regulated in South Africa?Are prop firms regulated by the FSCA? What it means for South African traders, and how to check a firm before How to pay for a prop firm challenge from South AfricaPaying for a prop firm challenge from South Africa: cards, conversion margins, USDT and keeping proof of paymeHow prop firm payouts reach South African tradersHow prop firm payouts reach South Africa: Rise, bank transfer, crypto, exchange rates and keeping records.