All levels course
Prop Firms, Copy Trading and Robots
How prop firm challenges, copy trading, PAMM accounts and trading robots work, what their rules and track records really show, and the warning signs to check before you pay.
6 lessons · 54 minutes · Free
Free. Enrol to open the lessons; your progress and certificate are saved to your account.
Free certificate
Mark every lesson complete and pass the final quiz with 70% or more to get a certificate of completion. You can download it as a PDF or share it on LinkedIn.
Get your certificateProp firm challenges, copy trading and trading robots each offer a way to trade without much of your own money or skill. Each one is also a business with its own way of earning money, and that business decides most of what happens to you.
This course explains the models, the rules and the maths behind them. It names no firms, platforms or products. It shows you what to read and what to calculate before you pay anyone.
Lessons
- 1How prop firm challenges workWhat a prop firm challenge sells, where the firm's income comes from, and how your risk per trade changes the chance of passing.
- 2Reading the rules: drawdown and consistencyStatic and trailing drawdown, the daily loss limit, and the consistency, news and weekend rules that decide whether a challenge profit is paid.
- 3Copy trading and PAMM accountsWhere the money and the fees go when you copy a trader, why leaderboards flatter luck, and how to read a track record.
- 4Expert advisors: what a backtest can and cannot showHow trading robots are tested, why a smooth backtest can be the result of tuning, and how spreads, commission and slippage change the result.
- 5Red flags in "guaranteed" robotsWhy martingale and grid robots show smooth curves and high win rates until one loss undoes them, and the warning signs in robot and signal sales.
- 6Course check: test yourselfFlashcards for the prop firm, copy trading and robot vocabulary, and ten questions on rules, fees, track records, backtests and martingales.