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.

Outlines

00:00

📉 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.

05:00

🚀 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.

Keywords

💡Funded Account Challenges

Funded Account Challenges are programs where individuals are given a certain amount of capital to trade with, often with the goal of making a profit within a specific time frame. In the video, the speaker discusses the difficulty of these challenges and how they can lead to a psychological barrier for traders. The speaker shares their own experience of initially failing such challenges but eventually finding success.

💡Psychological Barrier

A psychological barrier refers to the mental obstacles that can prevent individuals from performing at their best, especially in high-pressure situations like trading. In the context of the video, the speaker suggests that traders often fail funded account challenges due to psychological barriers that cause them to make poor decisions when the trade is not going well.

💡Risk Management

Risk management is a strategy used to minimize or control the risk of loss in trading. It involves setting limits on the amount of capital that can be lost on a trade, which helps traders to avoid significant financial damage. In the video, the speaker emphasizes the importance of risk management by setting a 1% risk limit on trades.

💡Market Analysis

Market analysis is the process of evaluating market conditions and trends to make informed trading decisions. It can involve technical analysis, which uses historical price data, or fundamental analysis, which considers economic factors. The speaker in the video uses market analysis to make trading decisions, such as entering and exiting trades based on market movements.

💡Pivot Points

Pivot points are levels in the market that traders use as potential areas of support or resistance. They are derived from previous price movements and are used to predict future price direction. In the video, the speaker refers to pivot points when discussing their trading strategy.

💡Free Trial

A free trial is a period during which a service, such as a trading platform, can be used without cost. The video discusses the benefits of using a free trial to practice trading strategies and build confidence before committing real money.

💡Profit Threshold

A profit threshold is a predetermined level of profit that a trader aims to achieve before closing a trade. It helps to ensure that a trade is profitable and can be a part of a trader's exit strategy. In the video, the speaker talks about passing the profit threshold in their challenge account.

💡Momentum

Momentum in trading refers to the rate at which prices are moving and the likelihood that the current trend will continue. Traders often look for signs of momentum to make decisions about entering or exiting trades. The speaker in the video talks about carrying over momentum from a free trial to a challenge account.

💡Time Constraints

Time constraints refer to the limited period within which a task must be completed. In trading challenges, this often means achieving a certain level of profit within a set number of days. The video discusses how previous challenge accounts had a 30-day time constraint, which was a significant pressure on traders.

💡Conversion to Challenge

Conversion to challenge refers to the process of transitioning from a free trial to a funded account challenge. This transition is based on the trader's performance in the free trial, and it allows them to carry over any profits made during the trial. The video highlights this as a game-changing opportunity for traders.

💡Discount

A discount is a reduction in the usual price of a product or service. In the context of the video, the speaker mentions a 20% discount for signing up for a free challenge on funder Pro using a provided link.

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