Graduation

Course 11 of 11 View All Courses

Your Progress

Sign in to unlock progress tracking.

Premium Course

Premium

Some final words of wisdom before you venture out into the challenging world of trading.

Get Premium to Start Course
  1. Prop Trading Firms 101 New

    Retail prop firms offer traders the opportunity to trade with large capital without using their own. Here’s what you need to know before risking your money on an evaluation.

    1. What Are Prop Trading Firms?

      What is a prop firm? Uncover the truth about proprietary trading. Learn the difference between retail and traditional prop firms, and see if a funded trader challenge is right for you.

    2. Myth vs. Reality: The Truth About Prop Firms

      Prop firms offer the chance to trade with large capital and no personal risk but is this too good to be true? We break down the most common myths so you can decide if it’s right for you.

    3. How Do Prop Firms Really Make Money?

      Discover the real prop firm business model. This lesson explains how firms profit primarily from evaluation fees and why your success isn’t required for them to win.

    4. The Prop Firm Industry and Ecosystem

      Understand the prop firm industry before you trade. Discover the ecosystem of tech providers, affiliates, and brokers that fuel the “gold rush” and why it’s unregulated.

    5. Are Prop Firms a Scam?

      Are prop firms a scam? We uncover the truth. Learn to spot the 5 biggest red flags that separate legitimate firms from those designed to make you fail.

    6. Why Not All Prop Firms Are Scams

      Not all prop firms are scams. Discover which firms operate legitimately, understand built-in conflicts of interest, and learn to use prop trading as a tool for skill development.

    7. Can You Succeed with Prop Firms?

      Can you succeed with prop firms? Yes, but it’s rare. Learn the traits, strategies, and risk management tips used by the 1-2% of traders who get consistent payouts.

    8. Risk Management: How to Increase Your Odds of Passing Prop Firm Challenges

      Less than 10% of traders pass prop firm challenges. Learn the risk management strategies that increase your odds: R-multiples, position sizing, and more

    9. The Risk Management Plan Most Prop Traders Are Missing

      Learn how to build an effective risk management plan for prop trading. Discover position sizing, daily limits, and drawdown rules that help increase your odds of passing.

    10. Risk Management Mistakes That Kill More Prop Challenges Than Bad Trades

      Why do prop traders with winning strategies still fail? These 4 avoidable mistakes destroy more accounts than bad setups ever could.

    11. Surviving Challenges: Advanced Risk Management for Prop Firm Traders

      Learn advanced prop firm risk management strategies to pass challenges and stay funded. Discover why reducing risk as you progress is the key to success.

    12. Why Prop Firms Look Similar: White Label Tech Providers Explained

      Most traders don’t realize prop firms use white-label platforms. Here’s how they work, why the tech barrier is gone, and what really separates the serious firms.

    13. How to Approach Prop Trading Safely: A Beginner’s Practical Guide

      Want to approach prop firms safely? This lesson provides a step-by-step framework for choosing the right firm, passing challenges, and avoiding costly mistakes.

    14. Emotional Triggers That Blow Prop Firm Accounts (And How to Manage Them)

      Learn how to control the 4 emotional triggers that destroy prop firm challenges. Master revenge trading, FOMO, overconfidence, and boredom with proven systems.

    15. The Future of Prop Firms

      Will prop firms last? This lesson analyzes the future of the prop trading industry, covering the coming wave of regulation, industry consolidation, and tech changes.

    16. Building Your Prop Firm Strategy

      This lesson synthesizes everything you need to know into one actionable prop firm strategy.

    17. Prop Firm Challenge Survival Checklist

      Pass your prop firm challenge using proven risk management principles. This actionable checklist covers trade selection, RR ratios, and the mindset habits of successful traders.

    18. The Ugly Truth About Retail Prop Firms

      Retail prop firms often sell the dream of funded trading, but the reality is more complicated. Here’s what traders should understand before playing the game.

    19. QUIZ: Prop Trading Firms

      Test your knowledge of prop trading firms! This quiz covers essential concepts from the Prop Trading Firms 101 course, including business models, risk management strategies, common pitfalls, and industry realities. Take your time and think through each question carefully.

  2. Forex Trading Scams New

    As awesome as the world of trading is, we can't deny the fact that there are a lot of trading scams out there, so read through this section carefully!

    1. Forex Managed Accounts

      Would you entrust your hard-earned money to a complete stranger? If you answered “yes,” then account managers are for you!

    2. Forex Scams

      The forex market can be very exciting and a way to build wealth, which unfortunately means it attracts the less desirable sort who will try to take advantage of others. Don’t be a sucka…learn their tricks here!

    3. Forex Robots

      In the forex world, a “robot” or an “expert adivsor” is a program that strictly uses technical signals to enter in trades automatically. Sometimes the robots work, but usually they don’t!

    4. Forex Signals

      Ever thought about subscribing to a forex trading signal service? Before you do, make sure you really know what it is all about!

    5. Forex Broker Scams

      Did you know that certain brokers are actually scammers? Believe it or not, there are some brokers who “cheat” their clients.

    6. How To Protect Yourself From Forex Scams

      Scams are real. Let’s close out this section with the six most frequently asked questions about them!

    7. QUIZ: Forex Trading Scams

      The forex market offers exciting opportunities but also attracts scammers looking to take advantage of unsuspecting traders. This quiz tests your knowledge of common forex scams and how to protect yourself from fraudulent schemes.

  3. The Most Common Trading Mistakes New Traders Make New

    Making mistakes is part of the learning process when it comes to trading. Here are the most common mistakes that beginner traders make.

    1. The 5 Deadly O’s of Trading: What Traders Do To Guarantee Their Own Failure

      The 5 O’s of trading are fatal for traders. Your success depends on avoiding these mistakes. Learn what they are before it’s too late and you end up blowing your account!

    2. How to Lose All the Money in Your Trading Account in 10 Days (or Less)

      Do you want to learn how to make all the money you just deposited in your trading account quickly vanish?

    3. What Makes a Good Trader?

      What separates good traders from bad traders?

    4. Tips for Forex Trading Beginners

      Here are some trading tips every forex trader should keep in mind before trading currencies.

    5. QUIZ: Common Trader Mistakes

      Test your knowledge on the most common mistakes that plague new forex traders. Understanding these pitfalls is crucial for your trading success and survival in the markets.

  4. Graduation Speech New

    You're finally done with the School of Pipsology. But the truth is, you've barely scratched the surface. There are a lot more things to learn!

    1. Graduation Speech!

      They say all good things come to an end. Now that you’re about to enter the real forex trading world, you have be ready to dive in and wrestle with the biggest sharks.

    2. Time Is Your Most Important Investment As A Trader

      Time is the best investment you can make as a trader. Every single day should be taken as a learning opportunity.

    3. Trade Like the House, Not Like a Gambler

      Discipline and a trading system aren’t enough to profit in forex. Learn why the market is actually a negative-sum game, who’s really on the other side of your trades, and how to stop being the predictable retail trader that institutions feast on.

    4. Focus on the Process. Not on the Profits.

      In the beginning, the process of learning forex trading properly and consistent deliberate practice should be your main focus, NOT the profits.

    5. Holy Cow! There’s No Holy Grail!

      Nobody can perfectly predict the market every single time. So, sorry to burst your bubble but the Holy Grail of trading systems doesn’t exist.

    6. Be Patient. Stay Disciplined.

      As a new trader, your main goal should be to make good trading decisions and SURVIVING!

    7. Love The Forex Game

      Like any other profession or craft, to be truly successful, you must love what you do.

The successful man will profit from his mistakes and try again in a different way.Dale Carnegie