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Proprietary trading is an exciting alternative to traditional trading! This type of trading helps traders reduce financial risk and, when partnered with a dependable prop firm, still offers the chance to earn major rewards.
Of course, trading always includes risk, no matter what type of trading you might engage in. If you’re trying to choose whether you want to trade, and how you want to do it, the best thing you can do is learn how it works!
Learning about how prop trading works means you can make more informed choices. From finding the right Forex prop firm for you to learning about prop firm trading strategies, there’s a lot to consider
That’s why we’ve built this Complete Guide to Prop Trading. Each chapter covers a key topic in the world of prop trading, offering useful info for aspiring traders, newer prop traders, and even reminders for experienced traders, too.
So, what can you expect in our Complete Guide to Prop Trading?
Chapter 1
Summary: Prop trading allows traders to use simulated accounts provided by firms to minimize personal financial risk. Profits are shared with the trader based on performance, with profit splits ranging from 50% to 95%. Reputable prop firms require passing a challenge before giving full access to accounts. Main Points: Prop trading uses simulated accounts to […]
Chapter 2
TL;DR: To choose the best prop firm, look for a strong reputation, favorable profit splits, low spreads, flexible trading style options, and transparent rules. Ensure they offer good support, educational resources, and scale-up opportunities for successful traders. Main Points: Check the firm’s reputation and reviews. Review profit splits, drawdowns, and time limits. Ensure the firm […]
Chapter 3
In prop trading, choosing the right Forex account type is crucial for newer traders and experienced traders. Finding the right account option for your skill level, experience, and trading style can help you give you a better chance for success. In the last chapter of our guide, we reviewed how to choose a reliable prop […]
Chapter 4
TL;DR: Prop firms offer traders simulated accounts and profit-sharing opportunities with minimal personal financial risk, unlike brokers who require personal capital. Prop trading appeals to traders due to limited losses, performance-based profits, and access to resources. Whether you’re new to trading or have plenty of experience, it’s important to understand your options. We’re not talking […]
Chapter 5
Prop firms give traders the power to trade at scale, with account sizes that are larger than many traders could otherwise afford. So, how do prop firm payouts and profit-sharing work? If you can manage risk, follow a logical trading style and strategy, and keep making positive trades, what should you expect? In the last […]
Chapter 6
Summary: Mastering Forex charts and strategies is essential for traders to make informed decisions. This guide explains different chart types and strategies for Forex trading, highlighting the tools FundedNext offers to enhance the trading experience. Main Points: Overview of Forex charts and how they aid in price trend analysis. Explanation of chart types: line, bar, […]
Chapter 7
Summary: Mastering Forex trading psychology is essential for consistent success. Learn to manage emotions, recognize biases, and build mental discipline for sound trading decisions. This guide shares strategies for emotional control and rational decision-making. Main Points: Importance of managing emotions and biases in trading to prevent impulsive decisions. Strategies to maintain a logical, disciplined mindset […]
Chapter 8
Asset classes, like commodities, indices, and Forex pairs, represent different types of investments with unique characteristics. Each asset class has its own market behavior, level of liquidity, and volatility, influencing traders’ decisions. Popular classes include Forex, commodities, indices, and crypto. Main Points: Forex Pairs: Highly liquid, very large market with constant trading. Commodities: Diversifies assets; […]
Chapter 9
Getting into Forex trading can feel very exciting, but it can seem complex or even confusing to new traders. This market has a language of its own, and the learning curve can feel steep. Don’t worry, our guide to Forex trading is here to help! In our last chapter, we looked at key asset classes […]
Chapter 10
Deciding whether you want to be a prop trader is a big step. Our guide is designed to help you make that choice from a more informed perspective. From Chapter 1 on how prop trading works to Chapter 9, our glossary of common Forex terms, it’s all about giving you the info you need to […]
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