Learn the strategies to consistent and profitable (forex) prop trading.
Contract for Difference trading is a way of speculating on the price movements/value shifts of financial assets without owning the target asset. You profit or lose depending on the difference between the entry and exit price of the instrument at the time your contract is closed. Let’s break down how it works, share its benefits and...
Elliott wave analysis is the study of recurring wave patterns on a price chart, driven by investors’ sentiment, to speculate future market movement. It was developed by Ralph Elliott. Let’s closely look at its framework and how to implement it: Types of Elliott Waves Elliott proposed that complete market cycles unfold in a repeated 8-wave pattern. It...
Commodity trading is the act of speculating the prices of goods or raw materials like oil and gold (through futures, options contracts, or Contracts for Difference). Traders bet on an asset price movement without taking physical delivery of the product. Let’s look at the different variations/categories of commodities: Precious Metals Gold, along with silver, palladium,...
In simple terms, intraday (or day) trading is the buying and selling of financial assets within the same day/session. Here, positions are usually closed before the market ends to avoid overnight exposure. This strategy can give you access to plenty of opportunities, no market rollovers and more. It can also be very risky, and may...
Key forex market participants include commercial banks, central banks, hedge funds, pension funds, retail traders, brokers and also prop firms. Let’s look at each of them (participants with the most power/trading volume): 1. Commercial banks These are financial institutions that render services such as savings/checking accounts, loans, and investment services to individuals and businesses. They...
