Learn the strategies to consistent and profitable (forex) prop trading.
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...
COT is a statistical publication made every Friday at 3:30pm EST by the Commodity Futures Trading Commission in the US. Regarded as a sentiment indicator, it shows a picture of traders’ positions as of the preceding Tuesday. All open positions are revealed in a categorised format. The aim is to enhance market transparency and potentially prevent price manipulation. Interestingly,...
Margin trading is a trading method that helps traders use their account balance as collateral to access bigger capital from a broker or prop firm. It enables traders to open positions that multiply their balance. We will look at how it works and break down its key components: How does margin trading work? When trading on margin,...
Market cycles in financial markets are trends or patterns in price action that tend to repeat over time. Let’s examine the four (4) phases of market cycles and how this knowledge can benefit your forex trading activity: 1. Accumulation This is the first phase of the market cycle. It occurs after a downturn (after the market...
The price movements of financial instruments in forex and other markets are shaped by many factors. The most potent price driver of them all is the “interaction” between sellers and buyers – supply and demand. To understand what truly causes price shifts, we must take a closer look at the behaviours of market participants, the role...
In forex trading, to effectively anticipate future prices, you should understand the previous day’s market behaviour. It is important you pay attention to yesterday’s closing, high and low prices. These price points can provide hints on potential market direction and help traders plan their entries and exits. Let’s examine why these price points matter: A....
Successful forex funded trader, Matúš reveals strategies that led to his trading breakthrough, in this exclusive interview: 1. Tell us a little about yourself My name is Matúš, and I have been actively involved in trading for over 18 months. I started trading on the stock market because I wanted to create an alternative source of income. I take...
Below is the detailed comparison of the top-rated prop trading firms in the United Arab Emirates: (Scroll/swipe the table to your left ← or right → to view all providers) Open Account What to consider when choosing a prop firm in the UAE 1. Reputation The first key metric to consider before choosing a firm is its...
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...
