Learn the strategies to consistent and profitable (forex) prop trading.
A trading journal is a record of all your trades, including the strategy used, the outcome, and any observations or lessons learned. It’s an essential tool for any serious proprietary trader. Firstly, let’s look at why you need a prop trading journal: 1. A trading journal helps you track your trading performance A prop trading journal allows you...
Forex prop firm challenges or evaluation programs are a great way to prove your trading skills and get funded by a prop firm. However, to pass the challenge, you need to follow some rules. One of the most important rules is the drawdown limit (the maximum percentage of your account balance that you can lose). I know...
To excel in your prop trading journey, one of the key skills you need to master is risk management. Risk management is the process of identifying, assessing, and mitigating potential risks in order to protect capital and ensure the long-term viability of a forex trading strategy. If you master this skill, you will minimize losses and...
Backtesting a trading strategy is one of the most crucial things that prop traders can do to increase their chances of success. It can help you spot profitable trading strategies and stay away from unprofitable ones. This blog post will discuss backtesting in forex trading, its advantages, the various tools at your disposal, and how to interpret...
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...
Prop trading is one of the best paths to trading prosperity. As a retail trader, you may want to know what you stand to gain or benefit from transitioning from broker to prop trading. In this post, we will briefly outline ten significant benefits of becoming a funded trader. We’ll also shed light on why this avenue...
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...
Hi there! In today’s blog post, we will be talking about news; the power of news in forex trading. News events hold immense power in shaping market movements and impacting currency values. So, recognizing its significance can greatly impact your trading. In this article, we will look at the fundamentals of the forex market and...
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...
