How To Pass A Funded Challenge Account

Summary

The 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.