Post
Topic
Board Trading Discussion
Re: Is it good for a newbie trader go for prop-firm
by
Ndabagi01
on 20/01/2025, 18:38:30 UTC
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.

Going for a prop firm as a newbie trader without much knowledge about the trading market is a risky one to me. Prop firm is meant to help you have enough capital to trade on and enjoy higher benefits in profits. As a newbie trader, it will be very hard for you to pass a prop-firm and the little money you may have used to buy a prop-firm will be lost in the process while trading or you may not even pass your trial stage to have access to the account to trade with in the prop-firm.

As a newbie trader, focus on building yourself. Deal more with a demo account and see your progress there before deciding to go for a prop-firm. I would even prefer a newbie trader that has started to see more progress in their trading skills to try out that their little amount on trading and see how far they can go with it. If they’re able to be profitable using that small capital to trade, then handling a prop-firm will be easier for them because they’ll still be profitable handling a larger capital given to them by the prop-firm.