Every prop firm and trading term explained in plain English. No jargon, no confusion — just clear definitions with real examples. Perfect if you're new to prop firm trading.
This glossary covers every term new and experienced prop firm traders encounter — from basic concepts like what a challenge fee is, to advanced mechanics like EOD trailing drawdown and consistency rules. If you've just discovered prop firm trading and feel overwhelmed by the terminology, start with the Core terms (marked in green) — these are the concepts you absolutely must understand before spending any money on a challenge.
Every definition includes a plain-English explanation, a real-world example showing exactly how the term applies in practice, and links to related terms that give you a complete picture of how prop firm trading works.