An effective and well organized desk is essential for forex trading success. With a volatile forex market, it is beneficial to have a reliable strategy as well as an efficient trading environment. By creating an optimized space, you can promote better focus and performance especially during executions.
I am living proof that training and mentorship are two of the most important pillars to becoming a profitable trader. When I tried to learn by myself back in 2001, I lost $10k and 3 years trying. When I joined a prop firm that offered training, mentorship, top tools and traders to talk to, I had 44 profitable months in 48. Big difference.
How much can I make as a daytrader in a prop firm? This is a question often asked by people who want to start a career as a daytrader. In this post, I decided to show you my real trading results for the first few months as a prop trader.
Would you be happier as a prop trader or retail trader? In this article, we discuss the main differences between independent traders trading prop and retail. Hopefully, by the end of this article, you will have a better understanding of the main differences between these options and will be able to make a more informed decision about your future in the business.
Mistakes are part of life, but if we don’t acknowledge that we make them, we are making another mistake. Like a race car engineer that needs to constantly learn from past mistakes to optimize car performance, you also need to constanly be aware of your past mistakes in order to adjust your trading strategies and profit from them.
If you trade forex, you can now use Trademetria as a forex trading journal. Discover your best pairs, your best forex strategies, write trading diaries, pull up your trading history, trading metrics, segregate your trading accounts and much more.