Learn
Guides on trading and prop challenges, short courses with a quiz at the end, and calculators for planning a trade against the programme's limits.
Guides
Guides by topic
Each guide answers one question, with a worked example and how it applies on CMC Funded.
New here? Start with these three
- Funded trading account: what it is, how it works and what it costs
What a funded trading account is, how the challenge and reward stage work, what each size costs, and when one is worth the fee.
- How do prop firms make money? The business model explained
How do prop firms make money? Challenge fees, the reward split and running costs, with a worked model of when a prop firm breaks even.
- Paper trading: how it works and what it cannot teach you
Paper trading is practice with virtual money on market prices. How it differs from demo and evaluation accounts, plus a test run under challenge rules.
- Trading journal template: 26 fields, formulas and a worked example
Free trading journal template for Excel or Google Sheets: 26 fields, R-multiple formulas, a filled-in example row and a weekly review checklist.
- Bear flag pattern: how to spot and trade a bearish flag
The bear flag pattern explained: how to spot the pole and flag, confirm the break, place the stop, set a measured-move target and size the trade.
- Break of structure (BOS): how to spot it and trade it
A break of structure is a candle close beyond the last swing in a trend. See BOS vs CHoCH, why wicks don't count and a EUR/USD trade sized to a loss limit.
- Divergence trading: how to read bullish, bearish and hidden divergence
Divergence trading explained: regular and hidden, bullish and bearish divergence on RSI and MACD, how to confirm it, and a worked example.
- Fair value gap (FVG): what it is and how to trade it
A fair value gap is a three-candle price imbalance. See bullish, bearish and inverse FVGs, plus a EUR/USD trade sized to a daily loss limit.
Academy
Courses
Short lessons to take in order, and a quiz at the end of each course.
Trading foundations
How markets and CFDs work, pips and lots, leverage and margin, costs, order types and sessions, and how to read a candlestick chart.
Start here if you are new
Technical analysis
Candlestick and chart patterns, support and resistance, trends, indicators, divergence and reading more than one timeframe.
Risk management for funded traders
How a challenge works, position sizing, the daily and maximum loss limits, and the plan and journal that keep an account inside them.
Smart money concepts
Market structure, liquidity, order blocks, fair value gaps, premium and discount, and a trade plan that puts them together.
Trading strategies
Scalping, day, swing and position trading, trend following, mean reversion and breakouts, and how to choose a style that suits you.
Calculators
Plan a trade
Work out size, margin and risk before you place a trade.
Position size and lot size calculator
The lot size that keeps one trade inside the risk you choose, checked against your daily loss limit.
Pip value calculator
What one pip is worth in US dollars for any trade size, and what a stop costs against your limits.
Drawdown and recovery calculator
How much room is left today and before the floor, and the gain needed to get back to the start.
Margin calculator
How much margin a trade ties up at the leverage you chose, and how much of the account stays free.
Profit and loss calculator
What a trade makes or loses between two prices, and how far it moves you towards your target.
Put your trading to the test.
Choose an account size and a route, then trade a simulated account against the programme's targets and limits.
Simulated trading environment only; no brokerage account is provided. Evaluation fees apply. Rewards are performance-based, not guaranteed, and subject to eligibility, verification and programme Terms and Conditions.