First, start small. Start with small live trading accounts.
Accept you will lose a few trading accounts. With that in mind, start with money you can afford to lose.
I’m not saying lose money for the sake of it, make sure your losses teach you something. Try to make the trades profitable, but sensible. But do not trade your life savings. If you have a spare 50 bucks you were going to throw away on gambling, trade with that; you get the point.
Find a way to protect your emotions. You need to ensure you have mental toughness and emotional intelligence. Some find if they are educated, have a coach or have a coach specifically for their psychology this becomes easier. Whatever route you take, you need to protect your emotions.
NEVER TRADE YOUR ACCOUNT.
Develop discipline and do not focus on your money. If you ascribe value to your trades, you will not view the markets objectively and your risk and money management will not be effective.
TRADING CHALLENGES THE RIGHT WAY.
When looking for funding, you will be put on a trial. Ensure you are trading on a live account, not a demo account.
As we outlined earlier, a demo account will not accurately simulate the conditions you will face under a live account because you will have different trading psychology.
If your funding trial starts with a demo account, this is setting you up for failure when you switch to live.
However, if they are like City Trader Imperium's funding in that your trial and progression entirely use a live account, then you're set up for success.