Courses › From Zero to Trader: The Ultimate Starter Guide
Key Prop Trading Terms Explained
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What this lesson covers
Prop trading has its own vocabulary, and the rules of a funded account are written in it. This lesson translates the terms you will meet on any firm's website. It covers the challenge or evaluation and what passing one requires, profit targets, the difference between daily drawdown and overall drawdown, and how each is calculated, which is the detail that catches traders out most often. It also explains consistency rules, minimum trading days, the profit split and how scaling plans work as an account grows. Each term is set alongside what it means in practice for your trading rather than left as a definition. By the end you can read a set of challenge rules and know exactly what you are agreeing to before you pay for it.