Forex Trading Confidential: What Makes USDJPY Move? When you see USDJPY move sharply in one direction or the other assume it is being driven by more than just US dollar buying or selling. More often than...
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...
Prop Trading and the Dreaded “Relative Drawdown” One of the biggest reasons traders fail prop firm evaluations is not understanding how relative drawdowns and high-water marks work. They don’t realize they could be a profitable trader and...
Surgetrader, once considered one of the better-run firms in the prop trading industry, has closed its doors. This is another blow to an industry that has seen several prop trading firms cease operations. In Surgetrader’s case, it...
Since a built-in risk management tool was added to The Amazing Trader (also as a stand-a-alone), I have been thinking how well it instills discipline into one’s trading. This also got me to thinking about leverage and...
I was recently asked how to become a forex money or fund manager. .This got me thinking about how I could guide those looking to manage funds and what it takes to become a forex and/or asset...
Rumors have been swirling through the prop industry for weeks the TFT has been in trouble. Now it seems that another one has shut down. This is the second notable prop firm that has shut down, the...
What is the True Forex Broker Spread? Some forex brokers advertise tighter spreads but when you trade you often don’t get the spread quoted. Is this typical and how do you determine the true spread? When...
What’s the Story with MetaQuotes Pulling the Plug on Metatrader Access? It has come to our attention that MetQuotes is pulling the plug on its Metatrader platforms (MT4 and MT5) to any prop trading firm offering...