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What is the prop firm passing service?

    • 202 сообщения
    5 января 2024 г., 12:32:28 PST

    The prop firm passing service is a service that provides traders with a simulated trading account, a trading platform, and a mentor. The traders use the simulated account to trade in the live market, following the rules and objectives of the prop firm challenge. The trading platform is the same one that the prop firm uses, so the traders can get familiar with its features and functions. The mentor is an experienced trader who guides the traders through the challenge, giving them feedback, tips, and advice.

    If you are interested in becoming a trader at a prop firm, you may have heard of the prop firm passing service. This is a service that helps aspiring traders prepare for the prop firm challenge, which is a test of their trading skills and performance. The prop firm passing service is not affiliated with any prop firm, but it mimics the conditions and requirements of the most popular ones. The traders can choose from different levels of difficulty, risk, and reward, depending on their goals and skills. The prop firm passing service charges a fee for its service, which varies depending on the level and duration of the challenge.

    The first thing you need to know is what kind of challenge you are facing. Different prop firms may have different criteria and expectations, but generally, they will test you on three aspects: your trading strategy, your risk management, and your discipline. You need to have a clear and consistent trading plan that suits your style and personality, and that can adapt to different market conditions. You also need to have a solid risk management system that limits your losses and preserves your capital. And finally, you need to have a strong discipline that allows you to follow your rules and avoid emotional trading.

    If you are an aspiring trader who wants to join a prop trading firm and trade with their capital, you need to prove yourself first by passing their challenges. Prop trading firms usually have a rigorous screening process that involves multiple stages of testing your skills, knowledge, and psychology. In this article, we will share some tips on how to prepare for and ace these challenges and become a funded trader.

    Here at AscendFX, we take pride in our high success rate of ~90%. Both our partners are more than well-equipped to pass your challenge without violating any of the prop firm's rules. However, as with trading, there is no 100% (except for HFT passing services). In the rare event that we do not succeed in passing your challenge, we will attempt another challenge for you at no additional cost. The retry must be of the same account size. Please note that such instances are infrequent, and will only typically result from unforeseen market conditions such as black swan events.