Category: Forex prop trading

Forex trading in India

Forex trading is a global market where currencies from other economies are purchased and sold. It is also known as foreign exchange or currency trading. It is similar to trading stocks in that you are dealing with currencies rather than corporate shares. Being the biggest financial market in the world, this market is enormous. You […]

Foreign Currency Transactions: Insights into Currency Exchange

Can you exchange foreign currency at banks? In an era characterized by global travel, trade, and commerce, the exchange of foreign currency stands as a fundamental pillar of international transactions. Whether jetting off to distant lands for leisure or engaging in multinational business ventures, individuals and businesses alike must navigate the intricacies of currency exchange. […]

Understanding Forex Pair Selection and Pip Movement in 2024

How to choose the best currency pair for trading Forex pair selection trading encompasses a vast array of currency pairs, each presenting distinct opportunities and challenges. Selecting the appropriate pairs is paramount to achieving success in trading endeavors. Opting for ill-suited pairs can result in adverse trading conditions, heightened risk exposure, and diminished profitability. Various […]

Understanding Premarket Trading: Risks and Insights

What is premarket trading? In 2010, the National Stock Exchange (NSE) introduced a pivotal change in stock market operations with a 15-minute pre-market session, designed to mitigate price volatility during market openings. This measure aimed to ensure that market prices were shaped by authentic supply and demand rather than being exclusively influenced by initial trades. […]

Unlock Success: How to Become a Successful Prop Trader

How To Become a Successful Prop Trader Despite a massive trading volume of more than $5 trillion every day, nearly 90% of FX traders lose money. The benefit of having a “low-risk gateway” to betting significant amounts of borrowed money often creates several opportunities for low-risk errors.  Above all else, every forex trader in the […]

How to Avoid Scams in Prop Trading Firms

  It is quite simple to fall for the lifestyle promoted by fictitious traders who assert that they can make five to six figures per month by trading for a few hours a day. While it is true that dealing with legitimate prop trading firms might help traders make money in that way, if investors […]

Decoding the Markets: Fundamental vs. Technical Analysis

Fundamental analysis and technical analysis are two contrasting approaches used in analyzing the markets. While they both aim to predict future stock prices, they employ different methods and have their own sets of supporters and critics. Fundamental Analysis Fundamental analysis focuses on determining the intrinsic value of stocks. Analysts in this school of thought study […]

How to Determine Bull and Bear Markets

Understanding the distinction between bull and bear markets is crucial for traders and investors. This article delves into the methods of identifying these market biases and positioning oneself advantageously. Defining Bull and Bear Markets Bull markets are characterized by rising prices, positive sentiment, and a strong economy. Typically, a 20% price increase from a significant […]

Master Online Trading: 10 Costly Mistakes to Dodge for Maximum Success

Online trading holds immense potential for earning substantial profits. However, to achieve success in this field, it is crucial to take the right approach. This article outlines ten common mistakes that online traders often make and provides insights on how to avoid them. By understanding these pitfalls, you can enhance your trading strategy and increase […]

Gold Price Forecast: XAU/USD Faces Active Trading Day with US Focus

Gold price outlook is influenced by US retail sales, Fed communications, and updates on the US debt ceiling. Implied Fed funds futures indicate a leaning towards a dovish stance. The technical analysis by DailyFX.com reflects the uncertainty in the overall macro environment. XAU/USD Fundamental Backdrop Gold prices have remained rangebound as the market awaits the […]