Learn the strategies to consistent and profitable (forex) prop trading.
The break and retest strategy involves identifying key levels, waiting for a breakout, and then strategically entering the market during the retest phase. Today, we will cover the key steps that can help you identify it, how to trade it and it’s advantages: Key steps for break and retest identification 1. Breakout: Here, price action clearly...
Equity drawdown is a drop or decline in your equity from its daily peak value. It is a risk management system that empowers one to become a strategic, responsible, and disciplined trader. Equity is the total value of a trading account. It includes your account balance for the day and any unrealized profits or potential losses on open positions....
A gap is an area on a price chart where there is no trading activity at a certain price level (leaving a blank space between the previous close of one period or candle and the new opening price of the next). It is a discontinuity in price movement. Let’s look at why gaps occur, types and how to take...
Trend following and counter-trend trading are both viable strategies in forex. But before you make a choice, carefully consider the pros and cons of each technique, your experience, discipline and risk management plan. In today’s post, we will look at the two sides of each strategy; their pros and cons, and how/when to use them: Trend...
Gambling tendencies describe the habit of treating forex as a game of chance (relying more on luck or how you feel) rather than sound analysis and strategy. It usually results in failure and stagnation. Let’s discuss what profitable traders do to minimize it and achieve more success: 1. They focus on a few market niche Some pro...
In this interview, Ján Kesiar takes us on his journey from amateur to professional (and successful) trader at RebelsFunding: 1. Tell us about yourself I am 47 years old, married, and a father of two children. Trading is not my only source of income; I also have a regular job. My goal for the future is to become...
Seasonal patterns in trading are recurring fluctuations or behaviors that can be observed in financial markets during specific times in a year. Today, we will look at the types, advantages and how to utilize them: Calendar-based patterns This one is tied to a particular time in a year. Examples are “January effect” (where stocks tend to rise in...
Trong Hung is a trader at RebelsFunding. He has demonstrated discipline and consistency in his trading journey. Today, he shares his trading skills, ideas and experience in this brief interview: 1.Tell us a little about yourself I was born and raised in Vietnam. I am 44 years old this year. I majored in banking and finance at National Economics...
When losses start to add up in trading, we are often pushed to deliberate on which parameters to establish or modify to prevent further drawdown and protect our capital. Here, reducing our position size may appear as one of the effective steps to take, to move into safety. Let’s look at the benefits and drawbacks...
Following SurgeTrader’s unexpected closure, here are top alternative prop firms you can consider: Comparison of SurgeTrader Alternatives (Scroll/swipe the table to your left ← or right → to view all providers) Features SurgeTrader RebelsFunding FTMO the5ers Trading platform MatchTrader (third party platform; license later revoked) RF-Trader (in-house trading platform; owned by RebelsFunding). Independent and reliable....
