Is it good for a newbie trader go for prop-firm

[Mahanton]

Hello I want to ask is it advisable for a newbie on trading go for a propfirm challenge? please I need an opinion from you thanks.

Make yourself that having that knowledge first on the basics on which we know that it is really that totally different when dealing up with with a personal account and a prop firm account.
Based up on experience then you do need to pass up the challenge.

Phase 1- 10% gain
Phase 2- 5% gain
Max loss per day - 5%
Max lose in account -10%

It do have different challenge plans or payments on which it will really be basing up into your preference.
If you do find  yourself having that skills or you are already that having the confidence about your knowledge and skills then you can try out on passing up the challenge.
There are tons who do want to deal up with this kind of trading then it will really be that up to you. It is really just that you do really make out such challenge then
it will really be that up to you. If you do have some bucks to spare on paying up for the challenge then it will be that up to you.

[Swapter.io]

I would say that for a beginner in trading, going for prop firm challenge might not be the best option. It would be much better to practice and refine a strategy without risks using a demo account. Start by learning the basics, such as market analysis, risk management, and so on 

[CageMabok]

I would say that for a beginner in trading, going for prop firm challenge might not be the best option. It would be much better to practice and refine a strategy without risks using a demo account. Start by learning the basics, such as market analysis, risk management, and so on 

Before putting more money into an official account on a particular exchange by newbies who just want to start trading, it is indeed a good idea to try a demo account by learning about the basics of trading. But to train yourself to be able to understand trading science more perfectly, of course putting a little money into the exchange for that is also not a mistake as long as you are able to maintain and manage it as well as possible. However, experiments on a demo account must still be carried out so that you can get used to it when you use an official account later.

[xvacator]

Yes, you can. But you must have skill and experience to trade. Without that, you will difficult to make a profit. Profit will be end of the goals from what you do so you must learn more about trading.

Indeed, trader don't have to use their own money to trade but the risk will still behind. So if you don't have skill and experience, it is better you don't join in that challenge because you don't know what is the requirement if you lose the money.

[Oluwa-btc]

Hello I want to ask is it advisable for a newbie on trading go for a propfirm challenge? please I need an opinion from you thanks.

It's a good idea tho and I see your zeal in wanting to trade real good but for a newbie trader going for pro firm I think it's not advisable at this early stage, what you need do right now is get a full knowledge about trading and register a demo account. At least this is okay to start up with and with time you'll definitely understand how the trading space works so you won't be surprised when you have losses cause there's much risks involved and you tend not to know how to face it if you go for prop firm.

[Asiska02]

Hello I want to ask is it advisable for a newbie on trading go for a propfirm challenge? please I need an opinion from you thanks.

There is nothing wrong in that, at least it’ll build your trading confidence more and make you learn more things about trading. There is a lot to learn about trading and when you’re in a competition, it makes you more serious and more confident in your trading abilities. I have never used one before or participated in a challenge as far as I can recall now, but it’s a great idea and you should go for it.

[tabas]

Don't make it look that joining one is easy and will go out only for the experience. Read some clause of the conditions and rules that will be sent to you because you could have the consequence that you are not aware of that's related to penalties since you're a newbie. I know that there is not a single case that has happened for a prop firm and if you aren't able to fill all of those challenges, you're only out and no penalties. But who knows if there will be some changes real time that they can do. Otherwise, no one can stop newbies to go with prop firms to test themselves out and improve their trades.

[milewilda]

Hello I want to ask is it advisable for a newbie on trading go for a propfirm challenge? please I need an opinion from you thanks.

There is nothing wrong in that, at least it’ll build your trading confidence more and make you learn more things about trading. There is a lot to learn about trading and when you’re in a competition, it makes you more serious and more confident in your trading abilities. I have never used one before or participated in a challenge as far as I can recall now, but it’s a great idea and you should go for it.

Are you ware that you would really be needing up to pay up for a challenge trading? The minimum cost i have see is on $32 for a 5k account prop firm. Therefore it would really be costly if you will be trying out to pay up just because you do want to enhance your skills. Actually you can be able to do so with demo account on which you wouldnt really be that needing up to pay up because if you are trying out to be directly dealing up with challenge and then your skills and knowledge isnt really that enough, then you are just basically wasting up your money and this is why its advisable that you do really need up to consider your level of skills on which you would really be considering on joining up these prop firm challenge but if you arent that good enough or being sustainable then its better that you should go with demo trading if you are really that planning to have that practicing your skills but if you do want to be that making up some scale up and be able to make money then joining up prop firms and passing up those challenges to have that funded account will really be that bringing up yourself into that financial independence once you do able to make some huge earning on bi weekly basis on which this is really that an advantage if you are really that a good profitable trader but of course it isnt really that easy to pass up these challenges but at the moments that it do happens then that will really be that a huge advantage for you.

[Yamifoud]

Yes, you can. But you must have skill and experience to trade. Without that, you will difficult to make a profit. Profit will be end of the goals from what you do so you must learn more about trading.

I don't think a newbie was already equipped with enough knowledge about trading. Might they know the basics about trading, but I don't think it is enough to rally and make a profit.

Indeed, trader don't have to use their own money to trade but the risk will still behind. So if you don't have skill and experience, it is better you don't join in that challenge because you don't know what is the requirement if you lose the money.

Getting into a real gambling battle is high risk. Instead, they should start learning about real trading using small amounts. Challenge has nothing that could help but rather fuel pressures in their mind. In the end, good preparation is better and our ticket to success.

That is why we don't need to rush. We have to understand that learning trading must be step-by-step. We surely reach the point where we are fully ready and have the guts.

[YOSHIE]

Hello I want to ask is it advisable for a newbie on trading go for a propfirm challenge? please I need an opinion from you thanks.

Prop firm trading is certainly different from you doing ordinary trading in general, you don't need to use private funds, the company provides funds for you to trade, as far as I know Prop firm trading is indeed good to do for those who do not have the mode with the condition of sharing rewards with agreements.

The point is you have to join Prop Firm based on your choice, but you have to complete several stages of selection to be able to trade prop firm, such as qualification exams, access to capital Trading and finally you have an agreement in the profit sharing, in the process of trading prop firm if you have passed the selection you have the opportunity to trade prop Firm with company capital, as far as I know you and the company have a 70/30 agreement for me that is not a bad idea for those who are experts in trading without capital, you can try trading prop firm.

[Peanutswar]

Its seems not recommendable base on your statement you are a newbie and of course you like others you want to earn money but in that way you are letting other people handle your money without having an idea what they are doing with your investment, its ideal if you identify first to your self what are the different type of investment such as real estate, crypto, business, stocks and etc. now its up to where to invest, now after you understand how does it works you can get an idea even though its just a basic how they will perform and handle your money. I guess id recommend to go with yourself first so you can get a first hand experience.

[lixer]

Don't make it look that joining one is easy and will go out only for the experience. Read some clause of the conditions and rules that will be sent to you because you could have the consequence that you are not aware of that's related to penalties since you're a newbie.

I don't think he thinks like that because why will he consult here first? But if it is only for the experience, then we must not worry that much. If the outcome is truly negative, it is up to us if we will decide to try again or not anymore. Even not a newbie, one must not be confident thinking that they already know everything, only because they came across like that before when this is not the same platform that we are using. Also a rule and regulation on the same platform can change too, so it is important to stay updated and read what is what delivered on our inboxes.

I know that there is not a single case that has happened for a prop firm and if you aren't able to fill all of those challenges, you're only out and no penalties. But who knows if there will be some changes real time that they can do. Otherwise, no one can stop newbies to go with prop firms to test themselves out and improve their trades.

Without penalties but being out of place is still painful. There is a saying that: 'Just because we can, doesn't mean we should'. As a newbie, it would be better to improve our craft first on our own before joining a third party like a prop-firm.

[Finestream]

Hello I want to ask is it advisable for a newbie on trading go for a propfirm challenge? please I need an opinion from you thanks.

It's a good idea tho and I see your zeal in wanting to trade real good but for a newbie trader going for pro firm I think it's not advisable at this early stage, what you need do right now is get a full knowledge about trading and register a demo account. At least this is okay to start up with and with time you'll definitely understand how the trading space works so you won't be surprised when you have losses cause there's much risks involved and you tend not to know how to face it if you go for prop firm.

Everyone is free to do that but if you want more positive outcomes, feel free to establish your trading skills and experience first so that you won’t be trading and end up with certain losses, but will maximize your future gains because that’s the main goal in trading. If you are capable to make that happen, I suggest take your time first by learning and embracing trading basics first before you decide to go for real high-risk trading.

[batang_bitcoin]

I would say that for a beginner in trading, going for prop firm challenge might not be the best option. It would be much better to practice and refine a strategy without risks using a demo account. Start by learning the basics, such as market analysis, risk management, and so on 

If he's done with the demo accounts and think that he can go further with prop firms, I'd say to keep on doing it. The only thing that you'll lose in there is your time when you do so. Keep on failing but you'll keep on learning with the situation that you are in with these prop firms. The market is so volatile for a newbie to take time whether to try it or not. If he failed in there, he can always get back to the spot or demo accounts if he sees that it is not for him to get into it.

[toryn388]

Hello I want to ask is it advisable for a newbie on trading go for a propfirm challenge? please I need an opinion from you thanks.

It’s possible but depends on discipline. Many new traders fail prop challenges because they chase the profit target too fast.

[Jaweria parveen]

Everyone is free to do that but if you want more positive outcomes, feel free to establish your trading skills and experience first so that you won’t be trading and end up with certain losses, but will maximize your future gains because that’s the main goal in trading. If you are capable to make that happen, I suggest take your time first by learning and embracing trading basics first before you decide to go for real high-risk trading.

I am quite surprised how people understand trading and take losses in it, although we sometimes cannot understand the market, but there are many people who do not know anything about the market and trading and still they come to this side and take losses and get bored with trading. They need some losses to succeed and it gets better with time, so we have to keep watching how the market has given us losses or profits. I think we have to keep watching the market first and keep good investments in our hands, when we see a decline in the market, we should invest money for our benefit and if we get profit in the market, we have to hold our coins so that we can touch big profits. In this way, we will be able to make money in the future and in the same way, we will be able to become big traders from small losses.

[LogitechMouse]

Hello I want to ask is it advisable for a newbie on trading go for a propfirm challenge? please I need an opinion from you thanks.

Trading on a propfirm is pretty much useless if you aren't profitable using your own money.

If you're not profitable when you're using your own money, what are the chances of you being profitable if you go for a propfirm challenge? You can try, but it that will not change anything. If you don't have any strategy when you're using your own money to trade, it will be the same as when you're on the evaluation phase. I'm not saying that you don't need to try and go for a propfirm challenge because you can, but lower your expectations especially if you don't have any strategy that works for you.

If you have a strategy that works for you, it will be easy for you to pass the evaluation phase and get funded. Of course, having a strategy isn't enough as you need to be disciplined, know how to control your emotions and many more. You can try it OP then decide for yourself. Just be ready if you lose your money though.

[jossiel]

A newbie doesn't have an idea on what trading is all about and how to make himself profitable.

But you give yourself a try on applying on these prop firms if they're going to approve you. Because IMHO, as a newbie it's unlikely that you'll pass to their assessment.

They're looking for profitable traders that shall trade for them and that's even how hard you try to apply for one, you're not going to get their approval.