Forex Market

Category archive Forex Market
Supply And Demand Trading
8.12. 2023

5 Tips For Profitable Supply And Demand Trading

Supply and demand zones are areas on a chart where the price has made a strong move either up or down, creating an imbalance between buyers and sellers. These zones are important for forex prop trading because they can indicate where the price is likely to reverse or continue its direction, providing potential entry and exit points...

confidence forex prop trading
20.11. 2023

Why Confidence is Vital for Successful Prop Trading & How to Develop It

It is difficult to be successful and sustainable in prop trading without confidence. Confidence is your real belief and trust in your own ability, judgment, system, or strategy and your willingness to act on them. It is based on realistic and rational expectations and is vital for trading success. In this blog post, we will...

fomo forex prop trading
17.11. 2023

5 Signs You’re Trading Because of FOMO & How You can Fix it

FOMO, or Fear of Missing Out, is a common phenomenon in forex prop trading. It refers to the feeling of anxiety and regret that arises when you think you are missing out on a profitable opportunity in the market or that other traders are doing better than you. It can lead you to make irrational and impulsive...

Patience Risk Management Tool forex Prop Trading
13.11. 2023

4 Reasons Patience is a Powerful Risk Management/Growth Tool in Trading

Forex prop trading involves risk, as traders are exposed to the volatility and uncertainty of the market every day. To have a successful experience, prop traders must have a sound risk management system on ground. And one of the key elements of this system is patience. Patience is the ability to wait calmly and endure difficulties without...

avoid slippage forex prop trading
10.11. 2023

3 Simple Tips that can Help You Reduce Slippage When Prop Trading

Slippage in forex prop trading is the difference between the price you request for a trade and the price at which it is actually executed. It can occur due to various reasons, such as market volatility, market gaps, order size, order type, and order speed. It is a “natural” part of trading. It can be positive or...

Currency Correlation forex prop trading
6.11. 2023

How to Use Currency Correlation to Your Trading Advantage

Currency correlation simply refers to the relationship between the value of two different currency pairs. It helps traders understand how one currency pair moves in relation to another. Positive correlation means the pairs move in the same direction, while negative correlation means they move in opposite directions. As a forex prop trader, it is vital that...

Probability thinking in forex prop trading
3.11. 2023

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...

reasons, benefits, power of small wins forex prop trading
30.10. 2023

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...

Mistakes to Avoid when Setting your Stop-Loss Orders
27.10. 2023

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...

Multiple Timeframes analysis, MTA
23.10. 2023

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...