Learn the strategies to consistent and profitable (forex) prop trading.
Forex trading is a venture that requires an analytical mind. It requires the ability to make rational decisions. But unfortunately, our brains are not always completely rational or objective when trading. Cognitive biases contribute to our occasional subjectivity. Cognitive biases are mental shortcuts that can influence our decision-making process. It often leads us astray in our...
Trading a prop firm‘s funded account is a great opportunity that allows new and experienced traders to buy and sell various assets for profit with very little investment. However, without proper knowledge and precautions, you may encounter avoidable losses. In this blog post, we will discuss nine common trading mistakes to avoid for successful results: 1. Lack...
In this article, we will look at the fundamentals of the forex market and the importance of fundamental or news analysis. Also, we will provide insights on how to effectively integrate news into your prop trading strategy. Understand the Forex Market Basics: Before we dive into the world of news trading, let’s first understand the...
Trading losses can be frustrating and disheartening, I know, but they don’t have to be. They are not entirely a bad thing. This is where perspective comes into play. Viewing your losses as opportunities for growth can help you develop a more resilient mindset and improve your overall prop trading performance. Let’s see how your trading losses can...
Meet Esther, a trader whose journey through the RebelsFunding program is a testament to resilience, determination, and unwavering ambition. Esther’s story is a captivating narrative of near defeat transformed into a resounding victory. Just a few dollars away from violating the 10% maximum total drawdown rule, she managed to defy the odds and become a funded account trader at RebelsFunding. As...
The forex market requires more than just technical analysis and market knowledge. We need a deep understanding of our emotions, and an ability to regulate them. (Too much) emotions impede rationality. They can greatly impact your trading decisions; leading to impulsive actions, irrational choices, and missed opportunities. Let’s look at ways emotions can affect our trading...
Let’s explore some key tips and strategies that can help you easily pass a prop firm challenge account and become a funded trader: I. Understand the Rules and Requirements of the Funded Account Challenge Before you start trading, make sure you understand the rules and requirements of the funded account challenge. This includes the performance metrics and...
A trading plan is a roadmap for your trading activities. It outlines your objectives, strategies & risk management techniques. Put differently, it is the predetermined set of rules and guidelines a trader follows when making decisions about buying or selling financial assets. It helps you stay organised, helps you make informed choices, and most importantly, it helps...
