Managing Your Trading Risk Trading is all about taking and managing risk. To ensure you are using an appropriate level of risk, you need to understand how much risk you can afford to take and how you respond to taking risks. You will also need to understand how your trading method adapts to risk. This […]
Your trading plan defines the markets you trade, what time frames to analyze, and the specific setup to look for. That’s Brandon‘s Advice. Brandon R, 27 years old, From United States. “Rigorous adherence to your trading plan is the 1 factor to be consistent.” Brandon is a Level 3 Funded Trader. He has successfully passed […]
Developing the Right Mental Tools for Forex Trading Success Everyone who wants to be a successful trader and consistently make money in the forex market needs strong mental fortitude. You must have a successful mindset, as it is one of the most important tools that you will need to develop your trading career. Before I […]
CCI divergence indicator If the price on the chart makes consecutive highs, and the indicator shows consecutive lows, this is called CCI Divergence. Likewise, if the price on the chart makes consecutive lows, and on the CCI indicator, we see consecutive highs, this is also a CCI Divergence. What is the CCI indicator? […]
Mark Douglas’s “trading in the zone” reading marked the watershed in my trader’s path. That’s Piero Advice. Piero S, 48 years old, From Italy. “Trading leaves room for your entrepreneurial ability and imagination like no other profession.” Piero has just successfully passed our Level 1 with a great trading plan. He is now one of The5ers […]
Gartley Butterfly Pattern Initially, the gartley butterfly pattern was perceived as an ideal figure, which is rarely used in practice. But in addition to the classical version, over time, similar harmonic models were discovered like “shark”, “crab”, “bat.” To accurately apply various technical indicators in practice, you need to understand the setups on the charts […]
Make sure you have a plan for different scenarios you encounter in the markets. That’s Jordy’s Advice. Jordy D, 21 years old, From United States. “Don’t let your past profits determine your future profits.” Jordy has just successfully passed 3 Level 1 accounts – Two aggressive programs and one account with the low-risk program. He successfully […]
Trading books every serious trader should add to their bookshelves For the most passionate and successful traders, education never ends. Just like with any other skill, to be the best, you must constantly work on improving yourself. In this regard, consuming knowledge is just as important as practical experience. We have constructed for you a […]
All Timeframe Trading in Forex Gary Langley defines entries and exits using the high timeframes to map out the small times. Gary has been around the markets since 2005 and believes that every chart is a narrative and the art of trading is to see the greater story being told. – New at The5ers – […]
What is a volume profile? Volume profile is an auxiliary trader’s tool with which you can determine the significant levels that prominent market players take into account in their trading. It is also known as horizontal volume. The value of this tool is that it can be combined with almost any trading strategy. After analyzing […]
You need to focus on the process and taking good setups; the money will be a side effect of that. That’s Muheeb Advice. Muheeb M, 18 years old, From Canada. “In the World of Trading, Less is More.” Muheeb has just successfully passed our Level 1 with a great trading plan. He is now one […]
Real forex traders challenges At The5ers, we speak to many of our traders about their strategies, systems, and emotions through our Portfolio Analyst Resource. We talk about the traders’ challenges and successes! From these talks, we learn a lot of important insights regarding trading performance that might be helpful for all of you! Here […]
Keep backtesting the system and checking macro economic information to lead your trade. That’s Jakkranut Advice. Jakkranut H, 26 years old, From Thailand. “Always use the trading systems that you have already backtested.” Jakkranut has just successfully passed our Level 1 with a great trading plan. He is now one of The5ers funded traders and […]
Why it’s so important to invest your time in perfecting your trading performance Why do you need to have a perfect trading performance? Before a surgeon performs surgery, he or she has gone through countless hours of studying, simulations, and practice. Before they even see a live patient, they know pretty much exactly what they’re […]
A few reasons why price action is the preferred “indicator” for many forex traders For a moment, throw out complicated analysis schemes and just look at the market. Just sit and watch the price action go up and down. Enjoyable isn’t it? Many traders love using price action as their number one indicator because it’s […]
Trust your process, there will be ups and downs., That’s Max Advice Max S, 23 years old, From France. “It’s not an analysis game but a mental game.” Max has just successfully passed our Level 1 with a great trading plan. He is now one of The5ers funded traders and is trading with a 40K […]
Can Forex Trading Make you Rich? Can Forex make you rich? Trading is not gambling, and anyone who sets out to make a living in this business needs to be ready and prepared for the daily grind. This is constant work that accepts and embraces failures as necessary stepping stones to success. Rather than seeing […]
Successful Forex Trader How to become a successful forex trader? Are you ready to take the plunge into forex trading and see it as a legitimate career for you? In order to become a successful forex trader, create a trading plan, use risk management and develop a daily routine that is right for your trading […]
How to manage psychologically a 160K account Franklin L. 27 years old, United Kingdom. Franklin has just successfully passed our Level 1 and level 2 with a great trading plan. He is one of The5ers funded traders level 3 and is trading with a 160K forex funded account on our platform. His next mission is […]
Bullish Candlestick Patterns In the previous guide, we mentioned bearish candlestick patterns. In this post, we will present the top three bullish candlestick patterns and how you can use them in trading. Bullish Engulfing pattern Bullish Engulfing is a bullish reversal pattern, which occurs at the bottom of a downtrend. It is identified when […]
Think of what you could lose rather than the potential gains. That’s Akpojotor Advice Akpojotor A. 38 years old, United Kingdom. “Record all the trades that you took and highlighting all losses due to discipline.” Akpojotor has just successfully passed our Level 1 with a great trading plan. He is now one of The5ers funded traders and […]
The trading zone, often referred to as “trading in the zone,” is a mental state in which traders achieve peak performance. In this state, traders make precise, unemotional decisions, staying fully attuned to market movements and potential opportunities. Achieving and maintaining this zone requires discipline, continuous market analysis, and a deep understanding of one’s emotional responses. Entering the trading […]
It’s important to focus on building consistency and minimizing losses, more than quick returns at the start, That’s Jane Advice Jane B. 34 years old, from Scotland. “Aim for a percentage increase in the account every month rather than chasing pips”. Jane has just successfully passed our Level 1 with a great trading plan and has […]
Bearish Candlestick Patterns Candlestick patterns are the technical analysis tool that displays price data on multiple timeframes. Developed in Japan in the 18th century, candlesticks patterns have become a go-to source for many traders today. Steve Nison first introduced the candlestick patterns to the Western world in the book Candlestick Charting Techniques, published in 1991. […]
