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How to work on Trading Discipline?
To become profitable in financial trading, it is a must to be patient and wait for your pattern to form on the price chart. Without having sufficient discipline, and patience is extremely difficult. In fact, the majority of traders lose money because they are quickly bored staring at charts and open positions solely out of […]
Which prop firms allow EAs?
Expert Advisors or EAs are automated trading robots on the MetaTrader 4 and MetaTrader 5 platforms. Some prop firms restrict using EAs while some allow and even offer support to algorithmic traders. Traders who want to automate trading processes and who also want to start funded trading should check if their firm allows EAs or […]
Forex prop without trading days restriction
Forex prop firms have certain rules and limits such as daily loss limit, maximum drawdown, and trading days. Risk limit rules are typically more important than trading days, but some firms prefer to additionally check traders for consistency. Some Forex prop trading firms offer funded accounts with zero trading days or without trading day restrictions, […]
Proprietary trading firm hidden rules
Prop firms offer trading rules on their website, usually under each funded account option. However, some rules may not be displayed on the accounts page and require traders to dig deeper to find them. These rules also known as hidden rules can make a difference in a trader’s life when overlooked. Hidden rules are often […]
Best forex prop firms
Forex prop firms allow traders to trade on their behalf using the firm’s capital and share profits. Lately, this financial trading sector has become immensely popular, as many traders see it as the possibility to trade large accounts without having to invest their money. While many reliable firms are operating in this space, there are […]
Best prop firms with one-step evaluation funding
A 1-step evaluation refers to prop firms offering funded accounts after traders pass the single criteria during the evaluation period. During the challenge phase, traders are tested to prove their trading skills and abilities within predetermined performance parameters. The most common criterion for 1-step evaluation is hitting the profit target. 1-step evaluation is sometimes also […]