Prop trading, or proprietary trading, offers an exciting opportunity for beginners to trade with significant capital without risking personal funds. At Atlas Funded, we empower aspiring traders with access to up to $200,000 in trading capital, flexible challenges, and unparalleled support. This guide to prop trading for beginners dives deep into actionable strategies, psychological preparation, and leveraging
Atlas Funded’s unique offerings to help you succeed in the competitive world of trading. Unlike generic overviews, we’ll focus on practical steps, real-world insights, and how Atlas Funded stands out in the prop trading industry, ensuring you’re equipped to thrive.
What Is Prop Trading for beginners and How to Start with Atlas Funded?
Proprietary trading involves trading financial instruments with a firm’s capital to earn profits, often with a profit-sharing model. For beginners, prop firms like Atlas Funded provide a low-risk entry point by funding your trades after passing an evaluation challenge. Unlike traditional trading, where you risk your own money, prop trading allows you to focus on skill-building and strategy without financial strain.
Atlas Funded differentiates itself with:
Flexible Evaluation Challenges: Our Atlas Access Challenge offers a two-step process with no minimum trading days and unlimited trading periods, ideal for beginners.
High Profit Splits: Up to 90% profit splits, one of the most competitive in the industry.
No Consistency Rules: Trade your style—scalping, swing trading, or algo trading—without restrictive rules.
Support for Multiple Platforms: Trade on MT5, TradingView, or TradeLocker, with no news trading restrictions.
This beginner-friendly approach ensures you can focus on learning and trading, not rigid compliance. Let’s explore how to get started.
Step 1: Mastering the Basics of Prop Trading
Understand the Prop Firm Model
Prop firms fund traders who pass evaluation challenges, like the Atlas Access Challenge. You’ll trade a demo account to prove your skills, meeting targets like profit goals and drawdown limits. At Atlas Funded, our challenge is designed for accessibility:
Two-Step Process: Achieve a 10% profit target in Phase 1 and 5% in Phase 2, with balance-based drawdown rules to protect your account.
No Time Pressure: Unlimited trading periods mean you can trade at your pace.
Low-Cost Entry: One of the most affordable challenges, starting at competitive rates.
Build a Solid Trading Foundation
Before diving into prop trading, master the essentials:
Learn Market Basics: Understand forex, stocks, or crypto markets, depending on your focus. Atlas Funded supports all these asset classes.
Practice on a Demo Account: Use platforms like MT5 to simulate trading without risk.
Study Key Strategies: Focus on beginner-friendly strategies like mastering moving average crossover strategy to identify trends.
Step 2: Developing a Winning Trade Plan
A disciplined trade plan is critical for success in prop trading. Here’s how to create one tailored for beginners:
Set Clear Goals
Define what success looks like for you. Are you aiming to pass the Atlas Access Challenge or scale to a $200,000 funded account? Set specific, measurable goals, such as:
Achieving consistent daily profits of 1-2%.
Limiting losses to 5% of your account per trade.
Incorporate Risk Management
Risk management is the backbone of sustainable trading. At Atlas Funded, we emphasize risk management strategies for funded accounts:
Position Sizing: Risk no more than 1-2% of your account per trade to avoid significant drawdowns.
Stop-Loss Orders: Set stop-losses to cap losses, especially during volatile market sessions.
Diversify Trades: Avoid overexposure to a single asset class.
Stay Disciplined
Consistency and discipline are non-negotiable. Create a routine that includes:
Pre-market analysis to identify setups.
Journaling trades to track performance.
Reviewing losses to refine your strategy.
Step 3: Overcoming Psychological Barriers
Trading psychology can make or break your success. Beginners often struggle with emotional decisions, but Atlas Funded’s flexible rules help you focus on growth.
Managing Emotional Triggers
Managing psychological factors in day trading is crucial:
Avoid Overtrading: Ask yourself, Are you overtrading? Stick to your plan and avoid impulsive trades.
Handle Losses: Accept losses as learning opportunities, not failures.
Stay Calm During Wins: Don’t let a winning streak lead to overconfidence.
Building Confidence
Practice on a demo account to build confidence before tackling the Atlas Access Challenge. Atlas Funded’s Discord community offers support from experienced traders, helping you stay motivated and learn from real-world insights.
Step 4: Leveraging Atlas Funded’s Unique Features
Atlas Funded stands out among prop firms for its beginner-friendly features and commitment to trader success. Here’s how to maximize your potential:
Access to Substantial Capital
With Atlas Funded, you canempower traders with substantial capital, scaling up to $200,000 after passing the challenge. This capital allows you to trade larger positions and diversify strategies, increasing profit potential.
Flexible Trading Rules
Unlike many prop firms, Atlas Funded offers:
No Consistency Rules: Trade breakouts, pullbacks, or scalping without restrictions.
News Trading Allowed: Capitalize on market volatility during news events.
Support for Algo and Copy Trading: Use expert advisors (EAs) or algo trading to automate strategies.
Weekly Payouts and High Profit Splits
Once funded, enjoy prop firms that payout weekly and up to 90% profit splits, ensuring you keep more of your earnings. This is ideal for beginners looking to reinvest profits or cover living expenses.
Step 5: Passing the Atlas Access Challenge
The Atlas Access Challenge is your gateway to funded trading. Here’s how to prepare:
Study the Rules
Understand the challenge requirements:
Profit Targets: 10% in Phase 1, 5% in Phase 2.
Drawdown Limits: Balance-based drawdown protects your account while allowing flexibility.
No Time Limits: Take as long as needed to meet targets.
Practice Key Strategies
Focus on reliable setups like trading breakouts and pullbacks or moving average crossovers. Use Atlas Funded’s supported platforms (MT5, TradingView, TradeLocker) to test strategies in a demo environment.
Seek Community Support
Join the Atlas Funded Discord to connect with other traders, share strategies, and get real-time advice. This community-driven approach enhances your learning curve and builds confidence.
Why Atlas Funded Is the Best Prop Firm for Beginners
Unlike competitors like FTMO or FundedNext, Atlas Funded prioritizes flexibility and accessibility:
No Minimum Trading Days: Trade at your pace, unlike firms with strict timelines.
Affordable Challenges: Lower entry costs make it accessible for beginners.
Comprehensive Support: From Discord communities to responsive customer service, Atlas Funded ensures you’re never alone.
Our success stories highlight real traders who started as beginners and scaled to six-figure accounts, showcasing our commitment to empowering traders.
FAQ
Prop trading involves trading with a firm’s capital after passing an evaluation. Atlas Funded’s flexible rules and low-cost challenges make it ideal for beginners.
Practice on a demo account, master risk management, and use strategies like moving average crossovers. Join our Discord community for tips.
We offer no consistency rules, weekly payouts, and support for multiple platforms, making it easier for beginners to succeed.
Yes, we allow news trading, giving you flexibility to capitalize on market volatility.
With unlimited trading periods, you can take as long as needed to pass the challenge, typically within weeks with consistent practice.