so you may or may not have seen people post these performance fees or these payouts showing $42,000 $100,000 or even more with only an investment of up to $1,000 like $500 $29 you can start from any amount and this is funded trading or prop trading as some people would like to call it and what it is is you pay for a performance kind of challenge or an evaluation where you have a phase one or phase two or whatever the phases may be depending on the challenges you pass it and then once you've passed that you are allocated a live simulated account and from that live simulated account you are able to get paid 80% or up to 100% performance fee on whatever it is you make back from the markets which seems crazy right because even though this says 42 this is up to 100,000 for me at the moment I've done up to 400,000 in total payouts 2.5 million in accumulation of funding and I've taught hundreds of students on how to get their payouts as well my name is Dan Chang AKA champ a verified funded Trader mental the Father the man I always wanted to be and yours truly today walking you through this prop firman guide now in this video what I'm going to do is I'm going to explain to you how these challenges work how to pass the challenge and also my strategy risk assessment and what you can do and what you should do next if this is something you want to kind of pursue so by the end of this video you're going to understand how prop phones work you're going to be well on your way into going to get your first challenge or wherever it is in your journey and also some secrets and Nuggets to help you P those challenges and become that funded Trader you said you would be so without further Ado let's get to the charts but first and foremost let's talk about how it works now the first thing I want to do is I want to tell you about what happens if you fail because this makes things incredibly easy moving forward is that you have this evaluation fee that you pay for the challenge side so is the account size um $10,000 $25,000 50,000 100 200 300 it can even go up to $400,000 for some accounts now the reason is and what the difference is between the account size is literally how much you can make and how much you are trading with that may seem a bit silly but I wanted to make that very clear for some people who may not see okay there's a price difference account size difference but what is the difference in terms of percentages in terms of the challenge and the requirements they are all the same the only difference between the pricing is the account size and the amount of money so as you can imagine it costs more for $100,000 account because you can make more on $100,000 you can on $10,000 right so this is the fee that you pay for your challenge now as you pay for this challenge the only downside that you have is the fee you paid for it that's it that is probably why Funday trading is so attractive because for $528 and $100,000 account I could potentially make 10% which is $10,000 for the only risk of $528 for some people who don't understand the financial markets may think that seems incredibly lucrative I only pay 528 for the opportunity to make $10,000 yes that is very true however what's the catch there is no catch but the hardest thing is being a profitable Trader is probably one of the hardest career out there I know I said it probably one of the hardest career so having that opportunity and that skill set to make $10,000 from $100,000 that is where the catch is so let's go through fdmo challenges and how their rules work so basically if you look to buy a challenge of any account size say $10,000 $225,000 or $50,000 what it is is there is a rule set for your maximum daily loss and also your maximum loss overall and then a profit Target you must adhere to so with ftmo there is currently a two-step verification challenge meaning you must do a two-step phase evaluation now on that phase one what you must do is trade okay so you're trading within that company and that trading can be executed on any platform you choose and there is no trading limit so in terms of trading period days there is no limit so you can trade for a year it could be 2 months 4 months it's completely up to you that being said there is a minimum of four trading days so you have to at least trade for 4 days before you can go onto your verification stage which is what they call on step two from this how you can get to step two is just making a 10% profit Target it's as simple as that if you can make 10% and not break your 5K and 10K from here you'll be able to go onto your phase two where you have the same rule but the profit Target is dropped from 10K down to 5K which makes it a little bit easier but a little bit harder now the reason I say it's a little bit easier and a little bit harder is it's easier because the profit Target is no longer 10,000 but 5,000 so 5 5% so half the amount however the psychological part of it is where the most difficult part of trading comes but I'll go on to that a little bit more later so once that happens you become funded and then anything you make on your step free is where you will get 80% profit split now there are other firms like CK Capital where you've got a load of different variations from this so for example they've got a lightweight challenge which The Profit Target is 7% and then 5% which makes life a lot a bit easier because instead of trying to make 10% on your phase one you're only looking to make 7% then if you go for the middleweight challenge there is an 11% which is soon to go to 12% draw down which means you have much more room to breathe when it comes to your trading so it really depends you know in terms of what the challenges in terms of suitable for your trading Style and what it is you're looking for when it comes to a trading firm so coming back onto this to make this very very simple for you is you buy a CK challenge funded challenge once you've bought that challenge on whatever account size you've looked for you then have to pass Phase One by making 10 10% profit not breaking any of those trading rules and then you go on to phase two after phase two you then become funded and then on your first payout at CK capital is 100% profit split then from there it's 80% ongoing after that all it just depends on what type of payout rotation or whatever rules is updated to that firm now the number one thing is you got to do all of this without breaking any of the trading rules and that is very very doable because if you are disciplined you're consistent and you're slow of it with the process you can become a profitable Trader and a funded Trader and one of the best things is there are so many people who are getting funded right now there are so much educational content in the Internet space right now that is very very very possible for you to learn how to trade for free or get a few courses learn from them I believe in getting multiple courses because you just don't know what one works and also you got to remember if it works for someone it might not work for you if it works for you it might not work for someone else so it's really important to kind of go through that so that's pretty much it for step one the questions you got to ask yourself is first do you think that you can do this with the straty and psychology and the overall setup when it comes to markets if you can then funded trading is a very very easy way to add to your Capital people who don't have a large amount of money to trade with also to start with and also gives you the opportunity to build a track record to potentially pitch new investors um by showing them your results from this type of trading okay so that being said that's step one done now let's go on to step two so step two is how to start and then how to pass very very simple but very very hard now when it says how to start is first you want to identify which kind of a challenge that would kind of work for you because here is a two-step you want to go for a 200k you can go for 100k what account size is it that you want to trade with and then I like to kind of go by the 10 rule okay so the 10 rule is basically how many challenges can I buy because let's be real when it comes to success one of the biggest lessons I teach is failure is a part of success not the opposite you are going to fail along the way let's be real do you really believe you could pass and get funded and get consistent payouts on your first ever Channel the likelihood is no and it's not to downplay you or be negative or anything like that what it is is basically to explain to you that the consistency in trading is incredibly hard and that is the hardest thing if everyone could do it then you'd see payouts left right and center but that's not the case only 10% of people are successful when it comes to trading so figure out the account size if I have $5,000 to burn then cool maybe I could go for $100,000 accounts cuz I can buy 10 of those um maybe it's 10,000 so first reverse engineering see what your buffer is and what you can work with now once you do that then you know what accounts size then you can go with your trading right so now ftmo I believe they've got two types they've got the swing type and then they've got the normal type their swing is basically higher leverages um and not only that they have different options available now with CK Capital there's a lot more so on the lightweight challenge there is a lower profit Target but um a lower max daily loss and a lower overall loss as well 8% and 4% but on the middleweight challenge you have a 8% profit Target and a 5% but you have a 12% draw down but like I said moving forward in the development it's going to have 12% draw down and lightweight is going to be 6% um profit Target on both challenges so you've got two different types you've got a challenge where it's lower profit Target so it's easier to pass but you have a like a tighter stop loss or a tighter kind of uh loss period or the other option is you have way more of a buffer but you have to have a higher profit Target so they're both the same but different it just really got to figure out what works for you now for the people who potentially have you know a longer losing period or the scalpers they may pick something like the lightweight challenge or for something you know who who swing trades wants to hold these positions more and wants to have a large draw down period then maybe the middleweight challenge is for them so you have to really figure out what works with your strategy and what works with you then once you've picked that now you know where you can start now I know I can buy 10 challenges I know what account size I can buy and now I know which challenge to buy I then go through the procedures of clicking onto whatever challenge it is buying it going through the dashboard paying and then staying true to my system to be able to pass by passing phase one phase two and then getting funded and getting my payout so that's it that's the end of the no I'm just joking that's just the start of the video so that's how it works that's how you can pass and that's how you can select your challenge so now let's go on to step three step three is talking about how to make money on this not only how to make money but I'm also going to show you a guide on the possibilities on how to at least make potentially 20 to 120k a year now the best thing when it comes to trading is to understand what I call modeling and visualization now modeling and visualization is something that I did in the webinar recently with my students and my course members and what this is just to see the possibility of how much you can actually make when it comes to trading so first and foremost is to show you a 10 $100,000 account we're going to be using the $100,000 because this is a reference that's applicable to most people um and even if it's not applicable to you now it's a goal that you should try to go for because I generally believe a 100K account to a 50k account is more than enough money to retire you and to be completely financially free and I've made a video on that so if you want to go check that out and understand that all you need is not a million or 10 million all you need is consistency and money to basically put roof over your head and food on the table that is what Financial Freedom is it's not about the Lambos it's not about the key whatever that materialistic things is nice but it's not everything we must remember that so that being said let's look at this modeling now what we have is something called a risk to award and this will go into more detail when I give you the full risk management plan that's right this whole video is like a full like a win-win right is on the risk we're basically risking 1% per trade this is what we do and what we teach in our course and in our team and the reason we do this is because if we do anything lower than 1% it just shows it takes too long to pass and then it becomes over the opportunity cost over time and then obviously the reward as well it can compound and be a lot more lucrative if we can keep it at static risk okay so static means exactly the same and dynamic means we change depending on changing period but I'll go into that in more detail later now what we're saying is every time I take a trade I'm going to lose $1,000 but if I win the trade I'm going to make $2,000 this is what we call a risk to reward now this risk to reward we've actually based this on some data from my trading student now this is based on Chloe where we did a webinar with her and in this Discord you can see all of her journal and everything written through and everyone else's Journal that they're kind of staying up to date with not only this you can see my whole Journal my whole trading plan all of my reps and everything for free on Discord now coming back on to Khloe's statistics what we were saying today is that she has around a 40% win rate so meaning if she takes 10 trades she will win four but she's likely to lose six so on a 1 to two over 10 trades she's making around four uh $2,000 okay so she loses four sorry she loses six and she wins four so she wins $8,000 over 10 trades but she loses $6,000 so over that period she is able to make $2,000 now on a weekly period if she's taking 10 trades a week which is average two trades a day she's able to make $2,000 per week okay so if that's the case then that means it will take me roughly Time 5 5 days sorry 5 weeks to be able to make that $10,000 so it would take me 5 weeks to pass phase one which is very very respectable and a very good amount of time and then if I was to do the same thing it would only take me 3 weeks right because $2,000 again per week which would put me at $6,000 which instead of the $5,000 on Phase 2 will then pass Phase 2 so in six total weeks I could potentially be fun and I keep that funded account for the lifetime of that account as long as I do not breach any rules does that make sense so you can see as soon as I've spent invested two months of my time and also had the skill set to be able to do this I now have a $100,000 account where I'm able to keep any of the potential profits I make so if we continue on that spiral and let's just say now we are funded if she then trades let's just say every month she's able to take um so four four four 4 weeks will be let's just get rid of this get rid of this so if she's making $2,000 per week she times that by four she's making $8,000 per month if she makes $88,000 per month that is $96,000 a year so now you can see the opportunity and that's only on $100,000 so imagine if this was a million she could make $960,000 so this is first to tell you the opportunity now there are a lot of anomalies we can change but it's still no matter how we play it this is the opportunity and it should be able to what I say here is to visualize that it's so possible to make any amount an abundance a number that you want from Trading it's possible because let's just say she doesn't make $2,000 a week but she makes $2,000 a month that's fine that's still $24,000 a year fine $200 that's fine because let's just say let's just make it you know to to to downsize it then there's $100 for $200 then I'm making $200 per week have that per month then that's $400 or $800 whatever it is you want to you know create that scenario it's possible the only thing that's hard about it is showing that consistent persistent resilient action to be able to adhere to the capacity of your trading plan okay but regardless of this I just wanted to show you that this is possible and if you scale to say let's say a million then the opportunity is up to $960,000 or whatever it is you're making or whatever the numbers or data that you have when it comes to your trading plan okay so the opportunity is there and and it should be very very very apparent with this with this rule set that I've just shown you okay so that's why it goes to show that how much money you can make to come into this but you got to be very very clear when it comes to your trading so another thing you want to do when it comes out to this is remember to manage and journal your trading and I'll go more into this in more detail but some of the things I want to throw some tips for you guys is that the proof is in the pudding I'm someone that has got these payouts but I'm not just one person there are plenty of people in the space there's Kyle AKA jcap who's been 1.1 million in 2 years you've got other people in the space who are showing their certificates and the number one thing I would look for is ftmo because ftmo is the one of the most established Brands you have the QR code which you can scan right here as well it takes you to the ftmo website and it cannot be faked so once you see that and they've got consistent payouts they got they got track records that is a mentor you want to be looking for okay so that being said there are tons of people on podcast that have done it the rules are very very simple uh you know it it shows that it's very possible the modeling and the profit split the risk of reward and the opportunity that we have right now is an abundance and it's something that I'm internally grateful for and you guys should be grateful for too as well because you're watching a video right now that's able to teach you how to make money and money is a tool money is a tool to set Financial fre between us and the loved ones that we have does that make sense so before we go on now let's go on to step four which is our strategy to-do list that's right man I'm giving you guys all the gems today so on the to-do list this is what we call a trading Playbook the trading Playbook is something that you should be having a plan to help you get from a to z a dream is a dream but without any action it just stays as a dream but if you have a plan it becomes a goal why because you know what you can potentially do and that goal is something that you can see in the future you with that plan you have consistent persistent resilient action which you've hear me saying time and time again that makes that plan becomes a reality because you're taking action on it and you're making it come to fruition so therefore to make that dream become a reality you to become a Trader you need to have a very clear concise plan that clear concise plan is the same thing as driving if you're trying to get from A to B how can you do it without a GPS or a map you could go any and you don't know if you're going the right way so it's exactly the same thing when it comes to trading plan and the craziest thing is when it comes to trading and 90% of people who traded how many of them really have as cever to do this as this so this is given to you for free this is something that we teach in our course because in our course what we have is we say becoming a profitable Trader is in three steps now number one you have to have the strategy in that strategy it has to be proven by someone it has to be proven by yourself so it may work for me but does it work for you can you go back test it can you sample test it does the trade actually work can you actually go and do it in real time back testing and future testing then once the strategy is set it talks about the psychology like how much does it make you move right like everyone has a number it could be $5,000 $50,000 $500,000 something is going to make you sweat what is that number how can you control it how can you grow so there's a lot of these things that you must understand and then the third and final thing is piecing this all together and this is the hardest bit is becoming profitable because we know the strategy I know like the gym I have a workout plan I go to the gym but can I stay up to date maybe carbs don't work for me maybe back backloading is better for me maybe sugar at night time there's loads of these things about ourselves that is comparatively different from everyone else we must learn to understand ourselves consistently learn what was going right less of what we're doing wrong and improve on that and the tip of the scale will make us profitable so that being said things like the to-do list the journaling the Reps the community is things that you must be doing on a consistent basis so I've actually got a whole 1.5 million payout plan that I have my whole trading strategy as well again I'm happy to give away for free in this video but before we do any of that let's go into the to-do list now this to-do list is and here is a a worksheet that you can have that we have within our course is a trading strategy write up what is a strategy like what times do you trade what pairs do you trade what is the Confluence what is it that you are looking for if you can't explain it you don't know it it doesn't matter if someone else understand this but can you explain it from yourself to yourself cuz if you can't you already have a problem right there right then it goes into your tick boxes like people when it comes to trading it should be a confluences all of these things have to align before I take my trade what is that do I actually have these written down in terms of the fundamental so for example let's just say my ones where I've got my strategies I'm looking for the Daily 4 hours in favor looking for a patter a setup looking for a pat a confirmation and then the last 10 minutes has a high probability have my fundamental entry and exit requirements everything is written here so it's very clear and very understanding of what it is that I'm looking for then you have something called a trading Mantra then you have your trading lifestyle routine like your flowchart what it is you're looking for and then most importantly your Journal setup the journal setup is the most important thing when it comes to trading because you can't manage what you don't measure and you can't measure what you don't manage and that goes into things like our Discord Journal like are you showing up every day are you actually reviewing every single trade are you under understanding what you're doing right and what you're doing wrong are you showing every single breach are you showing your passes your wins your losses because the accountability from yourself to yourself is what is going to make you a winner right and that's one of the hardest things when it comes into trading so this is a to-do list if you want to have access to this to-do list I've made a whole video explaining the whole to-do list you can also download this for free as well somewhere in the links in the description below but more importantly if you do want to join us on our course we've got a wait list or it's available if this is the launch is happening right now it's basically £299 there only £299 and for that you get the three-step course you get the webinar you get live trading sessions with me as well not only that we do our meetups in the UK Dubai and also Asia which I'll be moving to in the future and more importantly I'm now really focused on my own trading Journey which you understand um if you follow me or if you don't but in 2025 my goal is to hit seven figures just in one year in terms of payer I've done my years you know of you know 1K 2K 5K 10K 100K all of those but I've never hit the goal of seven figures in one year now if you want to join me and you want a community and you want to learn to trade or you want to improve it could be any level you want a strategy you can join us if you want improve in your Journal you can join us if you want a community you can join us if you want webinars and live trading you can join us psychology you can join us any level it's for everyone the investment is only £299 and it is limited to 50 spaces every time we have launched it so if you're interested the wait list is down below or if you're lucky enough during the launch period the website will be down below as well for you to go and purchase so I see you in the family inside but for now let's get back to the video so having this to do this and finishing off we can now go on to our next session which is the risk management now this risk management is a plan that I'm going to give away to you guys for free very quickly but is also something that I want you to go and try and work on now this plan is what we call the standard risk plan okay so really and truly this is the 18 trade rule or 20 trade rule or you can do the 10 trade rule it completely up to you now the 10 trade rule is very simple so let's go for that one first is you are statically risking $1,000 per trade doesn't matter if you win doesn't matter if you lose it is always $11,000 the reason you do this is it makes life easier you trade consistently you let your Edge play out if you fail you fail the account you don't waste too much time trying to get out of draw down like I said going back to I'm able to buy 10 challenges let's just burn this one off and then come on to the knife but you have to be very careful you don't want to just keep burning and burn them all and you've got nothing to show you want to be very smart about it $11,000 and then $2,000 that's it I'm always risking $1,000 always make $2,000 if I win that whatever happens happens that is the stoic mindset when it comes to the first um static risk management plan the second risk management plan that we have is what we call the dynamic on now this Dynamic plan is basically hedging and saying that in your losing period you're going to risk off and in your wearing period you're going to keep the risk on and what that is is on your first three trades you are going to risk 1% so if you lose more than 1% you then drop the risk down to 0.5% if you lose more than five trade again on that 0.5% you then drop to 0.25% so in total this is 8% total risk across the board so if I lose uh 3% uh sorry 1% three times like 3% if I lose 0.5 * 5 is 2.5% the remaining 0.25 10 times is 2 5 that total is 8% now if you have a 10% draw down you can just up the 2% on the 1% 1.5 2.5 you can apply that wherever you want but the best thing about this risk plan is it's helped you to have that draw down period longer you have more trades you have more room to breathe and you're able to trade longer on that account as opposed to the 10 TR rule of risk now realistically for my first ever challenge I would probably use the standard Rule and it get me used to trading and understanding the probability and the trading periods but if I've already been funded or traded a long time I'll stick to the 1% because I'm looking just to pass the challenge or fail this challenge that is it and my goal is to get funded and once I'm funded I will take the risk off okay so that is the risk plan now the final step is what we call what next Now by this video if you watched this far you understand what a funded trading is you know how the plans work you know how to get funded you've even seen the risk management you can even go check out any of the strategies that we have which is like a break retest and on top of that we've seen the modeling and the visualization when it comes to trading so right now you know how to be funded you know where to go you can get a challenge you can get a strategy you can buy my course and basically learn how to trade get a psychology you can go and buy an account and then go and use the strategy and implement it and work on it until you are profitable and you've made it work then you will go and get these certificates so the proof is in prudent now you know what's next now the final thing I want to leave you guys with is to understand and set expectations trading is incredibly hard if you don't have a passion for trading you're not going to make it work and that is why so many people fail because what's the difference between a failure and a winner the failure is the person who just gave up giving up is actually the easiest thing in life why because you gave up that's it you don't have to do it anymore you gave up that's it hands up however if you keep going that is probably one of the hardest things ever and I'm here to tell you and you can use this video as a sign is that giving everything you can and doing everything you can to the best of your each day but not getting a result that is life worth living for don't you think so my point to you is that if you're generally serious about making it work you got to think what am I willing to do and this goes back to not just my course anyone's course it's like I bought so much education but people have this stigma to it like buy every course out there and learn everything you can and see if it works even if it doesn't work it's better than doing that and spanking it on the night out people will call education a scam but go out and party and won't talk about how much they spend on alcohol and all of these negative things that they've had I'm not go for it I'm not saying don't have a balance in life but the question is are you really doing whatever it takes so if the question is no this is your sign to pick yourself up and the question is yes keep going because the only person who people who fail are the ones that give up so hope you guys enjoyed this video it's been a very long one um I really enjoy making these videos and then coming on with an inspiration at the very end so if you want to go check out the other videos please do but all I ask for you guys is to basically smash that subscribe button and share this video because I want to get this video at least over to 100,000 views because then I want to make more of these tutorials I find a lot of passion in these because at the end of them after giving all of this information of telling you who you can become some of you guys are going to come into some real success because of these videos and I want to make more of them because this is what we can do to help the people in the space and I've been gifted and favored by Allah to be able to do this so thank you very much for watching hope you guys enjoyed the video remember to like share and subscribe remember to apply for the weight list if you want to learn from me and also if you want a discount on your prop firm challenges Link in the description below champ out peace [Music] oh [Music]