Prop Trader Confidential: Avoid This Pitfall There are various reasons why most prop traders fail, including inexperience, a lack of discipline, over leverage, poor risk management, lack of a trading plan, poor trading skills, inability to...
Forex Trading Glossary Q-R Quote A price quote that includes a bid and ask (offer) price. Quote Currency (Pricing Currency) The second currency in a currency pair. The quote currency is used to price the...
The 10 Commandments of Risk Management for Traders There are few maxims in trading held at all times and for all traders, but at least one concept will always be relevant to every trader. That concept...
Forex Trading Glossary – L Lag The number of bars that an indicator trails the current price. For example, a moving average will peak by a number of periods after the market price peaks. This period is...
Traders can adapt to anything a forex broker throws at them on its platform as long as they are aware of it beforehand. What I mean by this is you do not want a surprise, like a...
A Professional Trader’s Strategy for the Retail Forex Trader When I was a bank trader, I became friendly with a trader who managed a forex  dealing room. He related his philosophy, which I call a professional trader’s game...
Leverage: Trading With Borrowed Funds Simply put, leverage is the ability to trade with borrowed funds. Leverage is a tool by which traders can determine the level of risk – and thus, the potential reward — they...