WORTH / KNOWINGLearn one trading idea at a time.
Short, plain-language guides for people who are curious about trading but do not know where to begin.
Before prop firms, understand the thing you’re trading.
Many on-chain prop firms use perpetual futures, or perps. They do not expire like a normal futures contract, and leverage can make losses move quickly.
What are perps?
Understand the contracts behind many on-chain prop-firm markets.
Read in 3–5 min →02Risk basicsHow much can I lose?
Understand daily loss, drawdown, and why position size matters.
Read in 3–5 min →03Funding basicsWhat is a prop firm?
Understand evaluations and buying power before you pay a fee.
Read in 3–5 min →Choose your next question.
Perps & markets
Understand the contracts and mechanics behind many on-chain prop-firm products.
What are perpetuals (perps)?
A beginner-friendly explanation of the contracts behind many on-chain prop-firm markets.
Read guide →How do perp funding rates work?
Why longs and shorts may pay each other while a perpetual contract stays near its reference market.
Read guide →Liquidation is not the same as drawdown
A platform can close a position before a prop-firm rule says your evaluation has failed.
Read guide →On-chain market does not always mean live account
Separate the market infrastructure from the account you are actually trading in a prop-firm evaluation.
Read guide →What is the difference between long and short?
A long position benefits if the contract price rises; a short position benefits if it falls.
Read guide →Market orders vs limit orders
The order type changes how you enter a trade and how much control you have over price and execution.
Read guide →What is mark price?
Mark price is a reference price many leveraged venues use for unrealized P&L and liquidation checks.
Read guide →What is maintenance margin?
Maintenance margin is the minimum margin a leveraged position needs to remain open.
Read guide →Why does liquidity matter?
Liquidity affects how easily you can enter or exit without moving the price against yourself.
Read guide →Risk & limits
Learn how leverage, drawdown, and loss rules can affect a position or evaluation.
How should I size a position?
Position size turns a market idea into a defined amount of risk.
Read guide →Fees, spread, and slippage
A trade can be directionally right and still cost more than you expected to enter and exit.
Read guide →What is a stop-loss?
A stop-loss is a preplanned exit intended to limit a losing trade when your idea is no longer valid.
Read guide →What does risk-to-reward mean?
Risk-to-reward compares the amount you could lose with the amount you are trying to make.
Read guide →Static vs trailing drawdown
The difference can matter more than the headline account size.
Read guide →How to read a daily-loss limit
Learn why start-of-day balance, equity, UTC resets, and floating P&L matter.
Read guide →What is leverage?
Leverage increases the size of a position relative to your available capital—and magnifies mistakes too.
Read guide →Getting started
Build context before paying a fee, choosing a firm, or thinking about a payout.
How to read a candlestick
A candlestick shows what price did during a chosen period, including the open, close, high, and low.
Read guide →What are support and resistance?
They are areas where price has previously found buying or selling pressure—not perfect lines.
Read guide →What is a trading evaluation?
An evaluation is a paid or free rules-based test used by a firm to assess a trader’s performance.
Read guide →How do prop-firm payout rules work?
A payout is controlled by conditions beyond simply making a profit on the screen.
Read guide →What is KYC and when can it happen?
KYC is identity verification, and the timing can matter as much as whether a firm says it is required.
Read guide →What is a prop firm?
A simple explanation of evaluations, simulated accounts, rules, and performance-based rewards.
Read guide →How much capital do I need to start?
A small personal account does not mean you should rush into a paid challenge.
Read guide →What does KYC before payout mean?
No KYC at signup does not always mean no identity verification later.
Read guide →What is trading, really?
Trading means making decisions about price movement over time—not simply buying something and hoping it rises.
Read guide →Trading vs investing
The difference is mostly about time horizon, decision frequency, and how you manage uncertainty.
Read guide →