Risk Management

Challenge / Evaluation

Definition

A test phase by prop firms where traders must achieve specific profit targets while staying within drawdown limits to qualify for a funded account.

Example

The Phase 1 challenge required 8% profit with max 10% drawdown over 30 days, and Phase 2 required 5% profit.

Explore More

Learn Trading with SignalPro

518 trading terms, 311 lessons, and AI-powered signals — all free to start.

Download Free