Learn the strategies to consistent and profitable (forex) prop trading.
Forex market hours refer to the specific times when participants can trade currencies globally. These hours are divided into sessions based on major financial centers (Tokyo, London, New York, Sydney). Global Forex Trading Sessions Regions Major forex trading sessions Hours / Time – ET Hours / Time – GMT Europe London 3 am – 12...
A trading robot/bot is a software or app developed to carry out trading activities on behalf of a trader. It is used for market data analysis; to spot potential opportunities, and execute trades according to its pre-set/programmed instructions. All without a trader’s intervention. In forex, they are referred to as Expert Advisors (EAs). Let’s discuss the drawbacks of...
In this interview, funded trader Slavomir shares the actions he took to move from a beginner prop trader to a profitable and successful one: 1. Hello, can you please tell us a little about yourself My name is Slavomir. I’m from Slovakia. I have been trading for approximately three years now. In the beginning, I was very interested and captivated...
Most proprietary firms make money through the following business models: the profit-split strategy, copy trading, evaluation fees, failed challenge fees, subscription fee, educational products, and broker rebates. Let’s examine each stream of revenue: 1. Profit-Split Model This is the primary source of income for prop trading companies. In this revenue model, they take a percentage or...
A funded trader is a trader who qualifies for a prop firm account structure after meeting the firm’s requirements. In most cases, this means passing an evaluation or challenge, following risk rules and proving that you can trade with discipline. Becoming a funded trader can give traders access to a larger account structure than they may want to trade...
