Learn the strategies to consistent and profitable (forex) prop trading.
Chart patterns are graphical formations created by price movements on a chart, and repeated over time. They give clues about potential future price direction based on historical market behaviour. Today we will look at eleven (11) types of chart patterns and how to trade them. (Before we proceed, note that the eleven chart patterns will be...
In this interview, one of our successful traders, Tung Nguyen, shares some helpful tips that can transform your forex (prop) trading performance: 1. Tell us a little about yourself.My name is Tung Nguyen. I come from Vietnam and I am a freelance investor. 2. What trading strategies or approaches do you find most effective in your trading journey?Price averaging method....
How to trade Break and Retest Strategy To trade the break and retest strategy, you wait for price to break a clear support or resistance level, let it retest that level, and enter only when price confirms the level is holding with a clean reversal signal. This helps avoid false breakouts and gives a higher-probability, well-structured entry. This...
Equity drawdown is a drop or decline in your equity from its daily peak value. It is a risk management system that empowers one to become a strategic, responsible, and disciplined trader. Equity is the total value of a trading account. It includes your account balance for the day and any unrealized profits or potential losses on open positions....
A gap is an area on a price chart where there is no trading activity at a certain price level (leaving a blank space between the previous close of one period or candle and the new opening price of the next). It is a discontinuity in price movement. Let’s look at why gaps occur, types and how to take...
