Guides for prop traders
What to know before you buy a challenge: rules, drawdown, paying and getting paid from Nigeria, and common mistakes.
What is a prop firm and how does it work?What a prop firm is, how the challenge works, what it costs and how you get paid, explained simply for tradersHow a prop firm challenge works: phases, targets and limitsHow a prop firm challenge works step by step: phases, profit target, daily loss, max loss, minimum days and whThe consistency rule: what it is and how to avoid problemsWhat the prop firm consistency rule is, how the best-day percentage works, and which firms don't use one.Prop firm profit split: how much do you really keep?How prop firm profit splits work: the 80% standard, 90% and 100% add-ons, scaling plans and what reaches your Instant funding: trading without a challengeWhat instant funding is, how much it costs compared with a challenge, its rules and who it suits.How to pass a prop firm challenge: a practical guidePractical tips for passing a prop firm challenge: risk per trade, daily stop rules, position sizing, news, timNews trading at prop firms: rules and restrictionsHow prop firms handle news trading: restricted windows, high-impact events and the firms that allow it.How much does a prop firm account cost?What prop firm challenges cost by account size, what affects the price, refunds, add-ons and the cheapest optiAre prop firms legal in Nigeria?Are prop firms legal in Nigeria? Where they stand with the SEC, how to spot a fake prop firm and what protectiHow to pay for a prop firm challenge from NigeriaPaying for a prop firm challenge from Nigeria: naira card limits, virtual dollar cards, USDT and keeping receiHow prop firm payouts reach Nigerian tradersHow Nigerian traders receive prop firm payouts: crypto, Rise, converting to naira and the costs along the way.