Learn the strategies to consistent and profitable (forex) prop trading.
Inflation can impact forex markets by weakening a currency through reduced purchasing power and investor uncertainty, while also prompting central banks to adjust interest rates. Market expectations and economic instability further drive forex price movements and volatility. Let’s look at how rising CPI rates affect forex trading and why you as a trader should monitor inflation reports:...
In this exclusive interview, successful forex prop firm trader (Toan) reveals key strategies he adopted to move himself from several trading losses/failures to consistent profitability. Let’s hear from him: 1. Tell us a little about yourself My name is Toan, and I have been actively involved in trading for over 2 years. At first I still had a full...
What is XAU/USD? XAU/USD is the price of 1 ounce of gold (XAU) quoted in US dollars. Trading the pair offers benefits such as acting as a safe haven asset in volatile markets, enhancing portfolio diversification due to its inverse correlation with other assets, and providing high liquidity for quick transactions. However, it comes with challenges...
The 5-3-1 forex strategy emphasises focus on five currency pairs, concentration on three trading strategies and trading only at a particular time in a day. Let’s dive more into this. 1. Five Trading Instruments Here, you’re expected to choose a maximum of 5 currency pairs. This controls your desire to trade every asset you come across and enables...
Sentiment analysis in forex is the method of assessing how other investors feel about a market in any given moment. This analysis is about deciphering the collective mood or emotional tone of participants towards a currency pair. Are they positive, hopeful or negative and pessimistic? Are the majority buying or selling? How to carry out sentiment analysis...
