As a funded trader, it’s key to understand the rules of your prop firm. These rules help keep trading fair and ensure everyone follows the same rules. Knowing and following these rules can help you trade better and avoid problems.

Prop firms have specific trading guidelines like rules on how much to trade and how much risk to take. It’s important to know these rules to stay in good standing and avoid getting your account suspended or closed.

Prop firms also have compliance requirementsthat traders must meet. This includes reporting trades, following anti-money laundering rules, and giving accurate personal and financial info.

Good account management is crucial for following prop firm rules. This means keeping track of your trades, watching your balance, and staying within the firm’s limits. Talking to your prop firm’s support team can also help with any problems or questions.