How To Pass A Funded Challenge Account
Summary
TLDRThe speaker discusses the common struggles people face with funded account challenges, suggesting that psychological factors often lead to failure. They share their own experience of overcoming a significant loss by changing strategies and maintaining a positive mindset. The speaker highlights a new opportunity with Funder Pro, where users can start a funded challenge with a guaranteed profit, offering a risk-free way to practice and build confidence. This approach aims to change the industry by removing time constraints and allowing traders to transition from a free trial to a real challenge only when they are profitable.
Takeaways
- 💡 People often fail funded account challenges due to psychological factors and the pressure of risking real money.
- 🚀 Funded account challenge companies may have mechanisms that make it difficult for participants to succeed.
- 📈 Historically, challenge accounts had a 30-day time constraint, requiring a 10% return, which is highly challenging.
- 🔄 The speaker overcame a significant loss by adjusting strategies and maintaining a disciplined approach to trading.
- 📊 The speaker emphasizes the importance of starting a challenge account with a profit to boost confidence and mindset.
- 🎮 Funder Pro offers a new approach where profits from a free trial can be converted into a challenge account without risk.
- 💰 This new model allows for unlimited time to pass the challenge and encourages practice until consistent success is achieved.
- 🔗 The speaker provides a link for a 20% discount on Funder Pro, which also benefits them with a referral cut.
- 📝 The script suggests that the industry has evolved, offering more flexible and supportive options for aspiring traders.
- 🎉 The opportunity to transition a profitable free trial into a live account is presented as a game-changing advantage.
- 🌟 The speaker's personal experience and success story serve as a testimonial for the effectiveness of the new challenge account model.
Q & A
Why do people often fail funded account challenges?
-People may fail funded account challenges due to psychological factors that affect their decision-making when real money is at stake, leading to poor performance and a cycle of losses.
What was the previous time constraint for funded account challenges?
-Previously, funded account challenges required participants to achieve a 10% profit within 30 days, which was considered a difficult task.
How does the speaker's experience with funded account challenges relate to common pitfalls?
-The speaker experienced a pattern of getting into a significant loss early on, which led to a mental block and a return to default analytics, preventing successful completion of the challenge.
What is the speaker's solution to starting a funded account challenge with a guaranteed profit?
-The speaker suggests starting with a free trial, practicing until consistent profits are achieved, and then converting the free trial into a funded account challenge, carrying over the profits to start with a head start.
How does the speaker's approach to trading on the free trial account differ from traditional methods?
-The speaker uses a small initial trade to test lot sizes and account functionality, then focuses on specific markets and strategies, adjusting as needed based on market conditions and personal obligations.
What was the speaker's strategy for the German 40 trade?
-The speaker expected a price dip after a failed higher high but instead faced a loss. They then adjusted by taking a long position based on a broader time frame analysis and closed the trade at a profit when personal obligations required them to stop trading.
How does the speaker's success on the free trial account translate to the funded account challenge?
-The speaker's success on the free trial account allows them to convert it into a funded account challenge with a head start, providing a psychological advantage and reducing the perceived risk.
What is the new feature offered by Funder Pro for free trial accounts?
-Funder Pro now allows users to convert their free trial into a funded account challenge by carrying over any profits made during the free trial, with no time constraints or risk.
What is the significance of the 20% discount mentioned in the script?
-The 20% discount is offered to users who sign up for a free challenge on Funder Pro using the link provided in the description, which benefits both the user and the speaker.
What advice does the speaker give to those considering a funded account challenge?
-The speaker advises taking advantage of the free trial with zero risk, getting it into profit, and then transitioning it into a live account when ready, as this approach has changed the industry and made funded account challenges more accessible.
Outlines
📉 Overcoming the Challenge of Funded Account Failures
The speaker discusses the common issue of people failing funded account challenges, suggesting that it might be due to the psychological pressure of risking real money. They mention their own experience with a prop firm challenge, where they initially faced significant losses but eventually turned it around. The speaker emphasizes the importance of starting a challenge account with a profit to avoid the negative mindset that comes with being in a hole. They share their current success with a free trial account on Thunder Pro and explain how they managed to turn a losing trade into a winning one by adjusting their strategy. The speaker also highlights the new opportunity to convert a profitable free trial into a funded account without any risk, which can be a game-changer for traders.
🚀 Transforming Free Trials into Funded Accounts
The speaker continues by explaining the new feature on Funder Pro that allows traders to convert their free trial accounts into funded accounts once they are in profit, without any risk. This change eliminates the previous time constraints and allows traders to practice until they can consistently perform well. The speaker encourages viewers to take advantage of this opportunity, as it provides a mental cushion and a head start for the funded account challenge. They also mention a 20% discount for signing up through their link, which benefits both the viewer and the speaker.
Mindmap
Keywords
💡Funded Account Challenges
💡Psychological Barrier
💡Risk Management
💡Market Analysis
💡Pivot Points
💡Free Trial
💡Profit Threshold
💡Momentum
💡Time Constraints
💡Conversion to Challenge
💡Discount
Highlights
People often fail funded account challenges due to psychological factors or the pressure of risking real money.
Funded account challenge companies may have a reputation for wanting participants to lose money.
The speaker suggests that the brain's reaction to losing money can prevent success in funded challenges.
The speaker has experienced getting into a 'hole' during funded account challenges and struggling to recover.
The speaker offers a solution to start a challenge account in profit, which is a game changer.
Traditionally, funded account challenges had a 30-day time constraint, which was difficult to meet.
The speaker had a challenging experience with a prop firm account, getting into a hole and then recovering.
The speaker emphasizes the importance of starting a challenge account with a small 'baby trade' to test the system.
The speaker shares a personal story of trading the German 40 index and how they managed a losing trade.
The speaker explains how they managed to turn a losing trade into a winning one by adjusting their strategy.
Funder Pro allows users to convert a free trial into a challenge account with the profits made, offering a risk-free start.
The speaker is currently up on a free trial account and wishes it were a real challenge account.
The industry has changed, with no more time constraints and the ability to practice with free trials until consistent success.
The speaker encourages others to take advantage of the opportunity to do free trials and transition into live accounts with profit.
Using the provided link to sign up for a free challenge on Funder Pro offers a 20% discount.
The speaker believes this is a mind-blowing opportunity for those interested in funded account challenges.
Transcripts
why do people keep failing funded
account challenges is it because these
funded account challenge companies are
trying to make you lose they're trying
to get your money or is it just a thing
inside of your brain that prevents you
from passing you've done the free trials
you've won the free trials you've passed
the free trials a thousand times but
once it gets to a real challenge account
where you put your real money on the
line something happens in your head and
you fail it every single time it doesn't
start going well you start getting in a
hole that you just can't get out of and
what do you do with yourself then I have
the perfect solution for you and this is
something that when I saw it I was like
w that's that's just a game changer so
if you haven't tried to challenge
account in the last year you are a lucky
person because previously they used to
put you on a time constraint of 30 days
so you had to get 10% in 30 days which
is absurd when the markets do 9% in 12
months so you have to be 12 times better
than the S&P 500 it's a difficult task
for a lot of people that's why there's
so few professional prop firm Traders
last year I did a prop firm challenge
account I got into a massive hole and
then I got onto a major winning streak
here's a screenshot I ended up passing
the profit threshold but it was
literally the same story every single
time I tried a prop firm account I would
get into this massive hole because I'd
get psyched out and then I'd turn my
brain off and just go back to my default
analytics and stick with that and it
would do well it's the start that always
screws you over correct me if I'm wrong
in the comment section but I bet every
single time you tried a challenge
account you got into a hole that you
never thought you can get out of that
thought alone kept you from winning what
if I told you you can start off a
challenge in profit guaranteed every
single time would you take it yeah me
too so this is my current free trial
$200,000 challenge account on Thunder
Pro I've taken three trades on here one
baby trade to test the lot sizes and
make sure that my calculations were
correct one losing trade and one winning
trade as you can see here on January
25th I took Australian dollar Canadian
dollar in a buy position for a 01 got a
whopping four Pips out of it and made 30
cents so I do this not only to test lot
sizes to test that the account works but
also on metatrader when you're in a
trade and there's that little x button
and you click it because you want to
close it right now a popup window shows
up and it says are you sure uh click
this box and so I wanted to get that
whole process out of the way and just
have when I click that X my trades close
out I always open up every single
account with a little baby trade then I
started trading German 40 because it's
what I'm pivoting into Market failed to
make a higher high and I was expecting
price to dip down a little bit a deeper
retracement the next candle didn't do
anything except go up against me so my
risk was 1% which is $2,000 once it hit
half of that risk I closed it out
because I just knew that I was stuck in
a trap I'm going to get out but what I
did instead of freaking out like oh I
was wrong I obviously saw that I was in
a trap so what did I do I got into a
long position because I zoomed the chart
out I took it out to an hourly saw that
we were in a good point in a PD array
took a long position and just wrote it
for the day ended up getting
$3,557 not my full 2% take profit but
I'm going to explain to you why so as
you can see here here are the three
trades and here are the three trades
this is my metatrader platform so as you
can see here Market came down failed to
make a higher high I assumed it would
continue down breaking previous
structure I was completely wrong the
next candle literally went 100% against
me so I closed my trade early at half a
perc loss and then took a long position
immediately after I held this trade for
1 2 3 4 5 hours and I closed the trade
at 245 p.m. my time the original
takeprofit price as you can see right
here is $1
1,02 the $2 is to cover spread but I
assumed it would go up to 177,000 at
this time I had to go pick up my
daughter from school I did not want to
be in a trade so I just closed it
luckily I closed it at the absolute top
right there as you can see but that's
just luck that's not that I'm some
Wizard and I know how to get to the top
of a swing no I'm no I had obligations I
stopped trading that's it it's just a
coincidence that it was the perfect time
so as you can see right now on the free
trial I am up
$2,461 n and on the funder Pro dashboard
same exact amount now on this challenge
account I'm doing well I'm up on the
account overall right now and it's a
good Head Start I wish this was a real
challenge account the cool thing that
funder Pro is doing there's a huge
banner up here on the top of your free
trial it says you're doing great why not
upgrade your free trial to a challenge
convert your free trial into a challenge
today and carry over your profit of
$2,500 for a head start on your journey
to become a funded Trader meaning that
there is zero risk whatsoever you can
demo on a free trial zero money down and
if you start doing well on that free
trial then you can decide to make it
into a real Challenge and carry over the
profits that you've already made on the
free trial so you start a live challenge
account in profit for me this is insane
you immediately get that buffer that
cushion so you can do a thousand free
trials practice over and over and over
again until you can do it consistently
and then as you get into profit on a
free trial which cost you zero money
take that profit and move it over into a
challenge account it's going to do the
right things for your mindset it's going
to make you think that you can do it
that you can pass because you have a
head start and it was a zero risk
investment all you did was a free trial
and you started doing well carry that
momentum I'm telling you guys the
industry has changed so much there's no
more time constraints you have unlimited
time to pass this challenge you get to
do a free trial get that free trial in
profit and then transition it only when
it's in profit into a real challenge
absolutely insane so if you want to sign
up for a free challenge on funder Pro
links in the description get that thing
into profit and then transition it into
a live account if you use the link in
the description to sign up you get a 20%
discount obviously I get a cut but you
get a 20% discount what else can I say
this is a mind-blowing opportunity do
free trials with zero risk get into
profit and then use that profit on the
demo account to pass your free trial if
you've been waiting to do a funded
account challenge now is the time
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