#596: How to Pass Prop Firm Challenges with Andrew Mitchem & Etienne Crete

Online Forex Trading Course

How to Pass Prop Firm Challenges with Andrew Mitchem & Etienne Crete Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Click Here to Attend my Free Masterclass Book a Call with Andrew or one of his team now Click Here to Watch Prop Firm Masterclass #596: How to Pass Prop Firm Challenges with Andrew Mitchem & Etienne Crete In this video: 00:05 – Passing a prop firm challenge. 00:19 – Talking prop firm challenges with Etienne Crete. 00:45 – Horror stories from traders starting a prop firm too early. 02:08 – How to start trading on a prop firm account. 03:13 – How to pick a prop firm. 06:10 – How much should you risk per trade. 08:10 – Treat a demo, a live and a prop firm account the same. 10:25 – Have a proven strategy first before getting on a prop firm account. 15:28 – Does the prop firm have the markets you trade available? 17:15 – How to find us and how to join us at The Forex Trading Coach Passing a prop firm challenge. Andrew Mitchem If you're on a $10,000 prop firm, you know, you you're risking quite tiny amounts, but that's fine, you know? But just go very, very small because just don't get stopped out and you'll eventually, you know, if you're trading good enough, you'll eventually get to that profit target. Talking prop firm challenges with Etienne Crete. Etienne Crete Sitting down today with Andrew Mitchem. we want to do an episode specifically about prop firms and what it takes to become a funded trader, but also kind of scale things up. And you get to the next level of performance to scale it up to, we can make more money trading with more capital. So Andrew welcome back on the podcast. Continue here. Etienne Crete Let's start with this. I actually get people who reach out to you and kind of ask you about prop firms and how they should go about it. What's your first train of thought into what is the right time to go for prop firm? Horror stories from traders starting a prop firm too early. Andrew Mitchem Okay, I find that so many people tell me stories. In that kind of horror stories, they jump in too quick. And I think people aren't doing it realistically. They jump in because they see it as maybe I don't have enough money myself. And it's a it's a good way of potentially earning funds and, and commissions, etc., but they don't have any, background into trading properly themselves. Andrew Mitchem You know, they don't have a strategy, the confident in them. And they have proven themselves first. And I think that's the pitfall that too many people jump into. Etienne Crete Definitely like trying to get capital before you are profitable trader. Andrew Mitchem Yeah. I mean, I just tell people maybe you look at it and, you know, 6 to 12 months time, be real about this. Yes, look prop firm can be absolutely fantastic once you know what you're doing. But spend some time upfront to learn the process of trading. Forget how much money you make. Don't even look at money. Andrew Mitchem Just understand the process of trading. You know, low risk, etc., low drawdowns, because ultimately that's the thing. It's going to get you through a pot firm. And if you don't understand that hitting that drawdown criteria is what's going to make you lose your money. Etienne Crete How do you someone interested in the process? Because a lot of people are going to, of course, focus on the outcome, trying to get the result, how do you get them to, first of all, follow the process? But they kind of have to be interested in then involved in it too. Andrew Mitchem How to start trading on a prop firm account. Andrew Mitchem Yeah, it's a tricky one because everybody wants the results and everybody wants the money. I suppose all I can do is probably a little bit like is keep going on and on and on with the same story, because ultimately that's the best way you're going to get a result. You know,