Analyses
Various analyses related to trading.
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The truth about prop firm trading – a must-read
Every trader will at some point come across information about proprietary firms and prop firm trading. While this is a great opportunity to scale up and take your trading to another level one has to be aware of a few things that in reality are not as they might seem at first look. Discovering how things work can help you pass the prop firm challenge and achieve long-term success as a funded trader. A closer look at prop firm trading account If you look at any prop firm’s website you’ll discover that they offer evaluations for different account sizes starting from 5000 USD and going up to 200,000 USD. The…
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Trading for a living – what’s needed to make trading a stable source of income
When one is planning to open a company, the first step should be writing a business plan. Or at least its financial part, to see what it will take for the company to break even and then to be profitable. Correct me if I’m wrong, but when it comes to trading, we need to conduct a similar analysis to see if the „profit margin” on the „product” will be sufficient to cover all „costs” and generate net profit. In this article, I share my thoughts and methodology on the subject. And no, it is not another article on a trading plan and why you should have one. A trading plan…