Learn the strategies to consistent and profitable (forex) prop trading.
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. Therefore, to excel in your prop trading journey, one of the key skills you need to master is risk management. If you are good at it, it will help...
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...
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...
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...
