Learn the strategies to consistent and profitable (forex) prop trading.
One of the best ways to enhance your forex prop trading skills and results is to review and assess your trading performance regularly. This will help you identify your strengths and weaknesses, learn from your mistakes, and optimize your trading system. In this blog post, I will share with you three steps that can help you...
Revenge trading is a term used to describe a forex prop trader’s emotional response to a losing trade. Simply put, it’s when a trader makes a trade to get even, rather than following a trading plan. It often happens when a prop trader has suffered a loss and feels the urge to immediately jump back in and recoup those losses. It can lead...
Daily bias (DB) is the prevailing sentiment or mood of the forex market for a currency pair during a trading day, which influences its price movement and direction. It is the tendency of the forex market to favor a certain direction for a currency pair within a trading day, based on technical and fundamental factors. The goal of using the...
Price action (P.A.) is the study of the movement of price on a chart without the use of any indicators or other tools. It is based on the idea that price reflects all the information and emotions of market participants. And that by carefully analyzing the patterns and signals that the price forms, traders can gain...
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....
