Probability thinking in forex prop trading

3.11. 2023 (Aktualizováno: 20.6. 2024)

How Thinking in Probabilities can help you Become a Successful Prop Trader

Probability thinking (thinking in probabilities) is a way of thinking about the likelihood of certain events occurring. It involves assigning a probability to each possible outcome of a situation, rather than simply focusing on the potential outcome itself. For example, instead of thinking, “I’m definitely going to make a profit on this trade,” a forex prop trader who thinks in...

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reasons, benefits, power of small wins forex prop trading

30.10. 2023 (Aktualizováno: 15.2. 2024)

Small Wins: 4 Reasons you Should Focus More on them when Trading

Some traders join forex prop firms to make a lot of money quickly. They come in with the wrong mindset, see every trade as an opportunity to accomplish an unrealistic goal, and end up blowing their accounts, losing everything! What a destructive motif for trading! You see, always chasing big wins is one of the worst things...

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27.10. 2023 (Aktualizováno: 15.2. 2024)

4 Costly Mistakes to Avoid when Setting your Stop-Loss Orders

Stop-loss orders are an essential tool for forex prop traders to limit their potential losses. However, many prop traders make mistakes when setting it, and this can result in trading losses or missed opportunities. In this blog post, we will discuss four common mistakes traders make when setting their stop-loss orders and how to avoid...

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23.10. 2023 (Aktualizováno: 15.2. 2024)

4 Good Reasons you Should Analyze Multiple Timeframes Before you Enter a Trade

As prop traders, we are constantly looking for ways to improve our trading strategies and increase our profitability. One effective way to do this is by analyzing multiple timeframes of an asset before we enter a trade — Multiple timeframe analysis (MTA). MTA is simply a technical analysis technique that involves analyzing the same asset over different timeframes...

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Causes of Anxiety in Prop Trading and How to Overcome anxiety

20.10. 2023 (Aktualizováno: 18.9. 2024)

3 Major Causes of Anxiety in Prop Trading and How to Overcome it

One of the biggest challenges some prop traders face is excessive anxiety. I know anxiety in trading is natural, but too much of it can ruin prop trading success. As a prop trader, you want to make sure you regulate your stress and anxiety level and stay emotionally healthy as much as you can. In today’s blog...

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16.10. 2023

Is Greed Making you Lose your Trades? 5 Signs it’s Greed

Greed is one of the biggest enemies of successful forex prop trading. It can lead traders to make impulsive decisions that result in losses. It can negatively influence your strategy and cause you to lose your account. Thus, it’s vital to know if you’re greedy or not. In this blog post, we will share five...

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13.10. 2023 (Aktualizováno: 8.2. 2024)

6 Habits of Professional Traders you MUST adopt for Success

A professional trader is not defined by the number of trades he makes, but by his mentality, routine or habit. He approaches trading with discipline, focus, and a clear strategy. In this blog post, we will discuss six key differences between professional and amateur traders (how these two traders react to trading situations) and provide actionable...

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Trading Strategies (pros & cons) Prop Trader

9.10. 2023 (Aktualizováno: 18.9. 2024)

5 Trading Strategies (pros & cons) Every Prop Trader Should Know

To excel in prop trading, it is essential that you use a trading strategy. You should choose and adopt a technique that can work for you. There are several trading strategies to choose from. In this blog post, we will look at five popular strategies and highlight their advantages and disadvantages: 1. News Trading Strategy Trading the...

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Risk-to-Reward Ratio tips for Trading Success

6.10. 2023 (Aktualizováno: 1.2. 2024)

6 Tips to Help you Set the Best Risk-to-Reward Ratio for Trading Success

The risk-to-reward ratio (RRR) is one of the most important risk management strategies in forex trading. It measures the potential profit of a trade compared to the potential loss. A high risk-to-reward ratio means that the potential profit is much higher than the potential loss, while a low risk-to-reward ratio means that the potential loss is much higher...

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Questions to Ask Before you Enter any Forex Trade

2.10. 2023 (Aktualizováno: 1.2. 2024)

8 Important Questions to Ask Before you Enter a Trade

The few minutes or seconds before entering a forex trade is as important as the trade itself. It is your opportunity to rethink. If you can ask the right questions and carefully analyze the situation or atmosphere, this moment can change the game for you. When prop trading, it’s crucial that you ask yourself some key...

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