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PROPRIETARY FIRM or as they are popularly known as Prop Firms
A good prop firm will and can change your trading career, you want to scale up? then i suggest using a prop firm. Because it will give you access to big funds. the minimum you need to have to really have life changing impact is to...
Hello guys, attached is my first forex related e-book I ever read as a forex beginner back in Feb 2017! Feel free to add yours for the benefit of other forex beginners
#JourneyToConsistentProfits #ForexBeginner
Useful Risk Management Tool,
will also help you remain disciplined.
-Know what lot size to use per trade given a profit/pip target
-easily track your progress to reach your goal
Trading should be treated like a business, and just like in business, sometimes success can come at a much later time than anticipated.
we know of successful entrepreneurs and their humble beginnings, they didn't become successful overnight, it took quite some time for others, most of them in...
First and foremost TRADING is NOT a GET-RICH-QUICK-SCHEME!
RATHER TREAT TRADING LIKE A BUSINESS.
Here are signs you have the get-rich-quick mentality
1. You are OUTCOME driven rather than PROCESS driven- you don't want to learn the skill of trading, and the first questions you asked whoever...
Leading indicators vs lagging indicators
most of you have been using lagging indicators and it means most of the time u will enter/exit late, but with leading indicators it can drastically change your entries meaning u wont be in a loss with little movement in your favour for a longer time. so...
THE SIX LAWS OF WEALTH
FIRST LAW OF WEALTH
Keep a part of all you earn.
Save at least 25% of your income.
SECOND LAW OF WEALTH
Put your savings to work for you.
Invest it so it will multiply.
THIRD LAW OF WEALTH
Avoid bad debt. The poor pay interest.
While the rich earn interest.
FOURTH LAW...
What is technical analysis?
~Technical analysis is the study of financial market action. The technician looks at price changes that occur on a day-to-day or week-to-week basis or over any other constant time period displayed in graphic form, called charts. Hence the name chart analysis. A...
Many newbies never focus, they have double vision rather than tunnel vision. there are many determinants of how one ends up being the type of trader they are, they include the trading plan they are using, their mentors way of trading, personal traits, or lessons from the market by humbling you...
Hey guys this is one of my VIX Strategy I have been using and has proven to be quite profitable, give it a try and tell me what you think.
TIME FRAME: M5 & M15
VIX INDICES
V75
V25
V50
V10
V100
A trading plan will help you not to deviate from your trading strategy and this can save you from unnecessary losses. A trading journal/ trade track sheet helps in identifying mistakes you might be repeatedly doing without noticing and how to avoid them in the future. Attached is a sample...
You probably wondering what do I mean by this, well this applies to non US Countries whose currency is weaker than the US DOLLAR. I have a friend of mine who is a newbie trader who has potential to be profitable but is being stopped by one thing, He THINKS OF HIS PROFIT IN DOLLARS rather than...