Learn the ins and outs of forex trading with our educational resources and expert guidelines.
Scalping is a trading system that aims to take advantage of tiny price movements or changes for profit. It can be very profitable (if skillfully executed). And it is perhaps one of the most attractive strategies to traders. Let’s look at some elements you should consider before you adopt it when prop trading: 1. Trading rules...
Key levels are important price points on the forex prop trading chart where the market tends to react strongly. They can help you identify potential support and resistance levels, entry and exit points, and trend direction. In this blog post, we will share what key levels are, why they are important, and how to find...
A new trading year is here again. Why not make it special and outstanding? You can make 2025 a profitable and remarkable forex prop trading year for yourself. It’s time to better your performance! How to make this happen? In this blog post, I will share with you some tips to help you have an exciting and...
Supply and demand trading involves speculating on market movements based on zones on the chart where price has shown a noticeable change in the past. 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 for traders....
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...
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...
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 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 (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...
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...
