r/PropfirmsForum

I’m new to day trading, although I’ve been involved in the markets for years. Recently, I’ve been hearing a lot about proprietary trading firms (“prop firms”), but I still don’t fully understand how they work.

From what I’ve gathered, you typically pay a fee, around $250 or so for an evaluation, and after proving yourself, the firm gives you access to a funded account worth something like $150k.

What confuses me is what happens after that. If I start trading recklessly and blow the account, am I personally responsible for the losses? If I do well and become profitable, do I eventually have to repay the firm? I also don’t really understand how these companies make money or what the catch is.

The whole concept seems unclear to me, so I’d appreciate a simple explanation from someone familiar with prop firms.

I always hear statistics like “only 1% of day traders are consistently profitable,” and that most people lose money for years before they get good at it. But after being in this group and seeing people share wins, I’m starting to wonder how true that really is.

For those of you who actively day trade:

• Has your experience matched those statistics, or do you think they’re exaggerated?
• Did you have to lose money for a long time before becoming profitable?
• How long did it realistically take before you started seeing consistent gains?

Just trying to get a realistic perspective from people who’ve actually been through it.

Guys I’ve been trying to contact take profit trader to help me solve my data glitch issue and NO ONE has gotten back to me this is sooooo fucking frustrating. I went live and I haven’t even been able to trade since then! Even my other EVAL I haven’t been able to trade! WTF this is sooo annoying

Guys i have been looking into lot of new prop firms, which propfirm rules should i be careful of while selecting a new propfirm

I’m interested in getting started with day trading, but I’m not sure which platform is best for a beginner. What platforms would you recommend for ease of use, low fees, good charting tools, and educational resources?

Hi everyone,

I’m completely new to trading and looking for practical advice on where to start. I’d appreciate recommendations for beginner-friendly platforms, YouTube channels, books, forums, subreddits, or anything else that helps explain the basics in a real-world way.

I’m 30, have spent most of my life hustling and trying different business ideas, but now I want to focus on building a real skill that could eventually generate income. My long-term goal is to become consistently profitable and possibly trade full-time one day.

I know this won’t happen overnight, but I’m willing to put in the time to learn properly. Any advice, resources, or beginner mistakes to avoid would be greatly appreciated.