Best Currency Pairs for Forex Trading: A Complete Guide
In theory, there are thousands of potential forex currency pairs to trade, driven by the huge number of global currencies. In practice, however, fewer than 20 pairs account for the vast majority of FX market volume. Still, that leaves traders with plenty of options when deciding which pairs to trade. Each market, from major […]
Forex Spreads and Their Impact on Your Trades
Financial assets are often quoted with a single price. However, traders know that every asset actually has two key prices: the best price at which someone is willing to buy it and the best price at which someone is willing to sell it. The gap between these two prices is known as the ‘spread,’ and […]
How to Pass Prop Firm Challenge: Strategy, Mindset, and Risk Management Tips
Proprietary trading, commonly known as ‘prop’ trading, can be a powerful model. Instead of trading with their personal money, traders get access to a financial firm’s capital, enabling more opportunities and larger position sizes. For successful traders, prop trading can dramatically enhance their profit potential. However, prop firms are selective about which traders they fund. […]
Understanding Market Liquidity and Its Impact on Your Trades
Most factors that impact your trading profitability are highly visible. You can easily track your win rate, position sizes, and risk metrics. But despite its importance, one factor tends to fly under the radar: liquidity. Simply defined, liquidity is the ability to buy and sell an asset without significantly impacting its price. While no market […]
Prop Trading vs. Self-Funded Trading: Pros, Cons, and Who It’s Suitable For
Most traders start out by funding their own book, deploying their personal capital to capitalize on profitable trades. Over time, however, a trader’s individual funds may no longer be sufficient to take advantage of all the opportunities the market has to offer. For traders looking to take on additional capital, proprietary trading could be a […]
An Overview of Trading Styles and How They Differ
Discussing trading styles can be challenging, since there are almost as many different styles as there are individual traders. Due to differences in mindset, psychology, and risk tolerance, no two traders approach the market in quite the same way. Nonetheless, it’s possible to group traders into several different styles, each distinct in terms of their […]
Order Flow Trading: A Comprehensive Guide
For proprietary traders looking to profit from short-term market swings, order flow trading is a powerful strategy to consider. While other strategies focus simply on price or volume, order flow trading stands apart for its detailed study of tick-by-tick market auctions. Although this level of analysis makes order flow trading a relatively advanced strategy, it […]
