Learn the strategies to consistent and profitable (forex) prop trading.
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...
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...
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...
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...
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...
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...
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...
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...
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...
