Funded Account Drawdown All prop firm traders will find themselves in a Drawdown on a funded account at a certain point in their careers. When trading for a prop firm, it is important to understand the amount of drawdown allowed and time expiration Days in
How to Build a Low Risk Portfolio Inoculated from the Chaos The market is subject to countless forces beyond our control. Political strife, natural disasters, underwhelming forecasts, all of these things can derail even the most well thought out and carefully planned trading plan. So, without
Day Trading Tips And Tricks These day trading tips and tricks will give you a leg up when working to succeed in your career as a trader. With the rise of the internet and the ease of access with which anyone who has a stable
How the big money players manipulate the market Institutional or big money traders are playing a different game than your average trader. Even though the playing field is technically the same, institutional traders have different tools at their disposal and a different way to play
Traders cannot really predict the market. It’s a trading trap. As traders, we are dedicated to proving the logic of our strategies over and over again. However, this logic will not always work out the way it was intended. Many factors may divert the course
The Detriments and Impacts of Trying to Predict the Markets You want to make it as a trader. You’re smart, bold, courageous, and a voracious consumer of financial and related news. Each morning, with coffee in hand, you pour over the early day’s news looking
Applying the tennis legend’s tips for the court to success in the financial market Occasionally it’s a good idea to step back from your environment and look at different arenas which might have parallel, applicable lessons. It’s helpful to see similarities in those other worlds
Forex Trading isn’t Complicated – If You follow a Detailed and Winning Trading Plan! The common problem that most forex traders deal with when first starting out is the lack of a proper trading plan. Most traders don’t bother with a trading plan because they
Stop Loss Techniques In a perfect world, we wouldn’t need stop loss techniques because we’d all win and keep on winning. However, traders of all skill levels and experience will quickly tell you that such a utopia is not reality. The non-fantasy market conditions we
A Day In The Life of a Funded Trader There are two main types of traders – the trader who chooses it as a career and then all of the rest. If you’re a funded trader, it means you’ve decided on a career in trading,
Trading Alone is Negatively Impacted One of the most challenging aspects of trading is – loneliness. Unlike other careers where people always surround you, many professional traders who move from an office to working at home, end up hibernating in that office. It becomes easy
Are You a Revenge Trader? While it may sound like the newest superhero saga to appear in the Marvel Universe, the Revenger Trader is anything but a hero. On the contrary, revenge traders are to be feared and avoided. They are traders who fail to
At the core of negative Trading Emotions, fear, greed, and hope thrive At first glance, many of you might look at the headline and think “fear and greed are bad, but hope? Isn’t it good to have hope?” In most instances, sure, hope can be
Conquering the major emotional states associated with trading The best traders psychology advice to mentally prepare a trader for success in the market is a simple premise, but one that is in conflict with our natural state and therefore exceedingly difficult to achieve. To conquer
The three best (and worst) times to trade forex The forex market is wide and offers great opportunities to anyone with a solid trading strategy and plan. Where and when you work is up to you and with a well-disciplined approach, market success is attainable.
Defusing your Feelings and Conquering your Emotions In the heat of the moment, when you experience a sudden rush of emotion (fear, excitement, joy), it’s easy to let that emotion take control. Overcome by feelings, our analytical minds shut off and we fall into the
Conquer the mental game with these time tested trading Psychological tips and tricks No matter how much you learn, study, or practice, trading psychology is one variable that will dictate your success in the market above all else. However, if you are patient and able
Leverage Trading Leverage in Forex Trading – A close look at one of the most intriguing elements of forex trading It’s no secret that forex traders have a healthy appetite for high leverage. However, all too often high Leverage is a nasty trick played by
Forex slippage control If you’ve only recently joined the ranks of live traders, the term order slippage might sound foreign. For beginner traders who are only used to demo trading or theoretical trading from their studies, slippage is a nonexistent phenomenon. This is because education
Why it’s necessary to accept and harness your emotions in order to be a successful trader Trading Psychology – We can never be neutral in our emotions. No matter how hard we try, we will always feel something, in some mood, and in some direction.
How to Create a Trading Plan that Guides You Through Your Trading Career It’s one thing writing an article about why trading according to a plan is the only way to go. But without giving the traders the tools of how to create a trading
Taking a loss is the hardest job on Earth How do you feel when taking a loss? Do your stomach churn and heart palpitate? The feeling after a loss can linger for minutes, hours, and sometimes days. Taking a loss is definitely not as fun
What We Think Doesn’t Help, Actually Does! There is a typical pattern where traders are more often avoiding their emotions in trading. But what we don’t realize is that emotions are not a bad thing. The negative thing is actually about traders avoiding them, which
Have confidence in your trading strategy Fear can be crippling. Despite everything being in order and prepared, a well-placed strike of fear can potentially ruin it all. We can drill, prepare, practice, and think we’re ready. But when the moment comes to pull the trigger
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Building Solid Risk Management Strategies for Trading Forex
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