Is it worthwhile considering a job at a prop firm these days? For some, the monetary risk and lack of proving the authenticity of large trading capital may be the only reasons they neglect them. On the other hand, there are some benefits of increasing earning potential and becoming an even better risk-conscious trader for those who become successful. If under-capitalization … [Read more...] about Are Forex Prop Firms Worth It?
Countless brokers and third-party services offer various rebate programs, but are they worthwhile for traders? Receiving cashback from every position regardless of whether it wins or loses is a great incentive, and over time, little savings can accumulate into larger amounts over time. However, there are some key considerations to make before joining any rebate … [Read more...] about Forex Rebate Programs, Are They Worth It?
Fear and greed are among the key concepts in the financial markets. When not managed well, the two concepts have led to the destruction of many traders. In this article, we will look at the best strategies to manage fear and greed in day trading. What is the fear? Fear comes in many ways for day traders. First, there is the popular concept of fear of missing out (FOMO). … [Read more...] about How to Manage Fear and Greed in Day Trading
The forex trading industry has its jargon or special terms that all participants must know. Having a good understanding of certain terms can help you become a better trader. In this article, we will look at some of the most important forex terminologies or jargon that you need to master. Currency pair A currency pair refers to a set of currencies that you buy and sell … [Read more...] about Top 5 Forex Trading Terms You Need to Know
Beginner traders often feel bombarded by common forex jargon that can confuse and confound their understanding. In order to better one’s understanding of the market and stock phrases that accompany currency data, one has to know what those phrases stand for. In today’s article, we go through the definition of ‘quote’ currency and explain it in context. What is … [Read more...] about Quote