01 Jan 2025
How to Pass a Prop Firm Service Evaluation service: Complete Guide
1. Understand the Rules: Learn profit targets, drawdown limits, and trading requirements.
2. Create a Plan: Develop a strategy with clear entries, exits, and risk management.
3. Master Risk Management: Risk 1-2% per trade and stay within drawdown limits.
4. Focus on Consistency: Aim for steady, small profits rather than quick gains.
5. Backtest and Practice: Test your strategy in demo accounts and refine it.
6. Stay Disciplined: Avoid emotional decisions and stick to your plan.
7. Optimize Trading Hours: Trade during high-volatility sessions for better opportunities.
8. Review Performance: Use a trading journal to learn from mistakes and improve.
9. Adapt and Learn: Adjust strategies to fit firm rules and keep improving if you fail.
Patience, discipline, and proper risk management are the keys to passing.
