Query: Is it hard to become a prop trader?
Context: Yes, it is hard to become a prop trader. Becoming a prop trader is straightforward but can differ as it depends on the Forex prop firm. It usually includes a demo trading evaluation period, where the Forex prop firm gives traders specific performance goals to achieve within set risk parameters. The process can consist of multiple test periods before traders get approved to trade live portfolios. Typically, the evaluation goals are extremely difficult to meet.