Author: Fajar Febriansyah
Fajar is Head of Copywriting at FinMedia Group. He researches and writes DailyFXWire's prop trading and broker industry coverage, turning complex market developments into clear reporting.
A prop firm account is a funded trading account provided by a proprietary trading firm, allowing traders to trade with the firm’s capital instead of their own money. This setup enables traders to access larger position sizes, leverage, and potential profits without the financial risk of using personal funds. In return, the firm takes a percentage of the trader’s profits, typically through a profit split model. Many traders choose prop firm accounts because they provide access to significant capital without requiring a personal investment. However, before getting funded, most firms require traders to pass an evaluation or prop firm challenge…
Forex grid trading takes a different approach from traditional strategies. Instead of predicting market direction, it places buy and sell orders at set intervals around the current price. This allows traders to profit from price fluctuations regardless of the trend. But is grid trading profitable? And what are the risks? Let’s break it down. How Forex Grid Trading Works Grid trading uses a series of buy and sell orders at fixed price levels above and below a central price point. This creates a “grid” of trades that execute as the market moves. For example, a trader might place grid orders…
Gold and bitcoin are often compared as stores of value, but they couldn’t be more different. Gold has been a reliable asset for centuries, while Bitcoin is a newer digital alternative. As Bitcoin adoption grows, some wonder if it could eventually replace gold. This comparison looks at regulation, security, utility, liquidity, volatility, and long-term viability. Bitcoin: The Rise of “Digital Gold” In December 2024, Federal Reserve Chair Jerome Powell said, “People use Bitcoin as a speculative asset. It’s like gold, only it’s virtual.” While this doesn’t mean Bitcoin will replace gold, it shows how people view it—as a store of value rather…
Prop firms give traders access to capital if they can prove they’re consistently profitable. You don’t need years of experience, a degree, or a specific location to join. Instead, you must pass an evaluation, commonly known as a “Prop Firm Challenge,” before getting funded. This guide explains how these challenges work, what they require, and strategies to succeed. What Is a Prop Firm Challenge? A prop firm challenge tests whether a trader can make steady profits while managing risk. Traders use a demo account with set profit targets and loss limits. If they meet the requirements, they get access to…
Retail prop trading has exploded in popularity, with traders eager to access funded accounts. But many don’t fully understand how do proprietary trading firms make money. While they promise opportunities, their business model is designed to ensure the firm profits first. Here’s a breakdown of how these firms operate, where their revenue comes from, and what traders should consider before paying to take a challenge. How Retail Prop Firms Operate Retail prop firms aren’t like traditional proprietary trading firms, hedge funds, or high-frequency trading firms. Instead of making money directly from trading, they rely on fees paid by traders. Key…
Trading has been around since the 1600s, but technology has changed the game. Today, anyone with internet access can trade, but making consistent profits takes skill, strategy, and discipline. If you’re serious about trading as a career, learning the right way is crucial. Is Short-Term Trading Right for You? Short-term trading isn’t for everyone. It requires patience, emotional control, and a deep understanding of the markets. Unlike long-term investors, short-term traders aim to profit from quick price movements—sometimes within minutes or hours. There are different trading styles to consider: Many successful traders start part-time before going full-time. The key is…
A lot of people look for extra income, and part-time trading has become a go-to option. The pandemic pushed more people to explore new ways to make money, and short-term trading became a popular side hustle. If you’re thinking about trading while keeping your full-time job, this guide will help you get started without risking your main source of income. Why Is Short-Term Trading So Popular? Technology has made trading easier than ever—you just need an internet connection. While long-term investing is still common, short-term trading attracts people who want quicker returns and more control over their financial choices. Retail…
Pound Hits Yearly Low Amid Rising Government Borrowing The British Pound (GBP) has fallen to its lowest level in over a year, sparking concerns among investors. The drop comes as UK government borrowing reaches its highest level in 16 years, raising questions about economic stability. While officials dismiss the need for intervention, many analysts argue that policy changes may be necessary to curb inflation and restore confidence. Current GBP Performance Typically, the pound strengthens when interest rates rise, but broader economic struggles appear to be overriding this trend. UK Economic Growth Trends The UK economy has shown minimal growth, with no expansion…
Passing a trading challenge within 30 days requires strategy, discipline, and strict risk management. Here’s a step-by-step plan to maximize your chances while staying within the challenge’s rules. Step 1: Know the Rules and Requirements Most prop firm challenges require traders to meet profit targets while managing risk. Common requirements include: Rule CategoryCommon RequirementImpact on TradingProfit Target10% within 30 daysMust hit this to passMax Drawdown5-10% of the accountExceeding this means failureDaily Loss Limit2-3% of the accountBreaching this stops trading for the dayTrading HoursMarket hours onlySome firms restrict overnight tradesPosition Sizing1-2% risk per tradeHelps prevent excessive exposure ✅ Key Tip: Follow these rules…
Consistency is one of the most important factors in succeeding as a proprietary trader. A disciplined, systematic approach helps traders manage risk, build credibility, and achieve long-term profitability. In this guide, we’ll break down why consistency matters, how to develop it, and what prop firms look for in traders. What Does Consistency Mean in Prop Trading? Consistency in prop trading means following a structured trading process, avoiding emotional decisions, and executing strategies with discipline. Successful traders maintain: When traders develop consistency, they reduce costly mistakes and improve their chances of scaling within a prop firm. Why Consistency Matters in Prop…
