Learn the strategies to consistent and profitable (forex) prop trading.
Who is a funded trader? A funded trader is an individual who has opened a prop account, successfully passed the challenge phase and finally got a capital for his own trading. He adheres to the trading rules of the firm and shares a certain percentage of his profits with them. How to become a funded trader In order to become...
Funded trader account (program) is a trading account where capital is provided by a prop firm for a trader to utilise. The goal is to give skilled traders (who do not have enough funds to pursue their trading career), access to the market with little starting investment. Let’s look at its pros & cons, top funded trading programs for...
Some of the most effective forex indicators include the Moving Average (MA), Relative Strength Index (RSI), Bollinger Bands, Parabolic SAR, Aroon, and On Balance Volume (OBV), each offering unique insights into market trends, volatility, and potential reversals. Let’s explore these indicators in more detail and understand how they can enhance your trading strategy: Moving Average...
Here’s the detailed comparison of the top rated proprietary trading firms available in Singapore: (Scroll/swipe the table to your left ← or right → to view all providers) Features RebelsFunding FTMO the5ers Alpha Group Capital Price range $25 – $890 €155 – €1,080 $39 – $850 $97 – $997 Max capital allocation $640,000 $400,000 $4,000,000...
Let’s analyse the best four prop firms in Australia: Comparison of the best prop firms in Australia in 2024 (Scroll/swipe the table to your left ← or right → to view all providers) Features RebelsFunding FTMO the5ers Alpha Group Capital Price range $25 – $890 €155 – €1,080 $39 – $850 $97 – $997 Max...
Prop trading describes the practice where traders utilise a prop firm’s capital for their trading activities. Let’s look at the origin of prop trading, how it works, it’s advantages and drawbacks: Brief origin of modern prop (firm) trading One of the biggest challenges in the past for many forex traders who possess the passion, requisite skills,...
Bounce trading aims to take advantage of price reversals (or “bounce”) that occurs at a support or resistance level. We will look at how this strategy works, how these key levels can be identified and traded: How the bounce strategy works The fundamental principle behind the bounce strategy follows the logic that if a price repeatedly dropped...
Confluence in trading is the use of two or more different tools/forex indicators to filter and verify each other’s signals. It provides a comprehensive view of the market and helps you weed out low-probability setups. Let’s look at its key components, application tips and common mistakes to avoid: Key components of confluence trading These are some...
An order is an instruction to execute a financial asset at a specific price or under certain conditions. Let’s look at the different types of orders in trading: Market orders: This is a directive to execute (buy/sell) a security instantly (at the best available price). The execution price here is not guaranteed (especially during volatile market conditions or significant...
Here are the best four prop firms in Nigeria (in terms of programs, features & services): Comparison of the best prop firms in Nigeria (Scroll/swipe the table to your left ← or right → to view all providers) Features RebelsFunding FTMO the5ers FundingPips Price range $25 – $890 (Affordable) €155 – €1,080 $39 – $850...
