How to Trade Forex on a Prop Firm Account: Strategy, Spreads, and Rules
How to trade Forex on a prop firm is similar to taking your friend’s car out for a spin. You drive something you don’t have yourself and even get praises from those who see you blazing past. But no one knows that friend gave you some rules when handing the keys over. On a prop […]
Smart Money Concepts (SMC): Essential Ideas Explained
Each day, trillions of dollars in value change hands in global financial markets. But while individual investors and traders account for some of this volume, they’re not the driving force in most markets. Instead, the vast majority of global daily trading volume is due to institutional activity. For traders looking to capitalize on market […]
How to Trade with the Economic Calendar: Key Insight and Practical Strategies
If you’ve been trading long enough, you’ve likely experienced a familiar scenario: markets that were calm and placid suddenly experience an unexpected spike in volume and volatility. Researching what happened, you discover that a key piece of economic data was released that day, prompting a sharp market reaction. Since you weren’t paying attention to the […]
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 […]
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 […]
